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President Donald Trump scrapped his 20% fee on cargo crossing the Strait of Hormuz on Tuesday, one day after unveiling it, while keeping a full blockade on Iranian shipping. Key Points: Trump replaced the 20% Hormuz transit fee with promised trade and investment deals from Gulf states. The US blocka

Ethereum (ETH) has wiped out its May gains, sliding nearly 10% in the past week as crude oil climbs toward $111 a barrel. Tom Lee Pins ETH Slump On Oil The second-largest cryptocurrency hit an intraday low of $2,097 on Binance Sunday, its weakest print since Apr. 7, before recovering modestly toward

Bitcoin (BTC) climbed to $80,000 on Monday after President Donald Trump announced Project Freedom, a US escort mission for stranded ships in the Strait of Hormuz. Project Freedom Sparks Divergence Crude benchmarks slipped while Bitcoin extended gains in early Asian trading hours, . Brent crude fell

Bitcoin (BTC) is testing its $70,000 support level as surging crude oil prices — driven by escalating U.S.-Iran tensions — threaten to push inflation higher and force the Federal Reserve to hold interest rates at restrictive levels, draining liquidity from risk assets and raising the prospect of a s

Rune Christensen, co-founder of the decentralized finance protocol Sky (formerly MakerDAO), has opened nearly $5.9 million in crude oil long positions on the decentralized derivatives platform Hyperliquid (HYPE), according to on-chain data monitored by blockchain analytics account EmberCN. The trade