Criminal networks in Mexico are leveraging popular cryptocurrencies to finance the procurement of raw materials for fentanyl production, according to the U.S.
Heavily followed crypto trader Altcoin Sherpa provided a detailed analysis on whether the “meme coin super cycle” is still ongoing or if meme coins are past their peak.
The German government has intensified its liquidation of Bitcoin (CRYPTO: BTC) assets, generating significant market interest and raising questions about its long-term financial strategy.
WTI light crude oil up 0.3% past $81/bbl, highest close since April. US crude, gasoline, distillate inventories decline, raising concerns of insufficient supply. Rising oil prices may impact inflation and US election. Biden admin may release more oil from strategic stockpile. Energy stocks rise 1.5% on Thursday.
After the Juneteenth holiday break, Wall Street reopened with a cautious tone, as the S&P 500 and Nasdaq 100 indices declined after hitting all-time highs around midday trading in New York. This decline was driven by profit-taking in chipmaker stocks and rising Treasury yields, which dampened risk sentiment.