WTI rebounds above $85.50 despite easing Middle East tensions

West Texas Intermediate (WTI) oil price gains ground after two days of losses, trading around $85.60 per barrel during Asian hours on Wednesday. However, crude oil prices may depreciate following signs of easing tensions between the US and Iran.

PBOC sets USD/CNY reference rate at 6.7191 vs. 6.7167 previous

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7191 compared to the previous day's fix of 6.7167 and 6.6855 Reuters estimate.

British Pound edges higher as hopes for Iran diplomacy cap hot US CPI-inspired USD rally

The GBP/USD pair edges higher during the Asian session on Wednesday, moving away from a one-and-a-half-week low, around the 1.3300 neighborhood, touched the previous day.

Ethereum price fell 20% but stakers keep holding their tokens

Ethereum briefly fell toward $2,000 on Tuesday after hotter-than-expected US inflation data rattled financial markets. ETH later recovered to around $2,060, but remains under pressure.

Ethereum Price Forecast: ETF falls to $2,000 following October's hot CPI print

Ethereum (ETH) dropped toward $2,000 on Tuesday as increasing US inflation and exchange-traded fund (ETF) outflows weighed on the market.

OCC grants Coinbase full national trust company charter

The OCC granted Coinbase a full national trust bank charter, moving its institutional custody business under direct federal supervision with a three-year migration plan.

The post OCC grants Coinbase full national trust company charter appeared first on Forex Crunch.

Nigeria tells stablecoin issuers: get licensed or leave

Nigeria's central bank has issued a licensing framework for stablecoin issuers: capital minimums, full reserve backing and a window for existing operators.

The post Nigeria tells stablecoin issuers: get licensed or leave appeared first on Forex Crunch.

CFTC gives exchanges 30 days to end geographic access restrictions

The CFTC has ordered designated contract markets to end domestic geographic access restrictions within 30 days under its Impartial Access Requirements interpretation, or explain why they cannot comply.

The post CFTC gives exchanges 30 days to end geographic access restrictions appeared first on Forex Crunch.

Bitcoin falls to seven-week low as over $1 billion in crypto longs liquidated

Bitcoin fell below $76,000 to a seven-week low as over $1.1 billion in long positions were liquidated and spot Bitcoin ETFs bled outflows.

The post Bitcoin falls to seven-week low as over $1 billion in crypto longs liquidated appeared first on Forex Crunch.

Hyperliquid Strategies files with CFTC to become a futures commission merchant

Hyperliquid Strategies has filed with the CFTC to register as a futures commission merchant, aiming to carry US client accounts for Hyperliquid's HIP-3 permissioned markets.

The post Hyperliquid Strategies files with CFTC to become a futures commission merchant appeared first on Forex Crunch.