News

Iran's Khatam-al Anbiya military headquarters announced the closure of the Strait of Hormuz to all maritime traffic, citing U.S. ceasefire violations and Israel's non-withdrawal from Lebanon. The move threatens a significant disruption to global oil flows, with WTI already rising nearly $1 on Friday. Iran's negotiating team is still traveling to Switzerland, but warned the entire MoU is at risk if commitments go unfulfilled.

Iran has closed the Strait of Hormuz, citing ceasefire violations, according to Iran's MEHR news agency as reported by Reuters. The Strait of Hormuz is a critical chokepoint for global oil and gas shipments, handling roughly 20% of the world's oil supply. This action poses significant disruption risk to global energy markets and supply chains.

Strategy's preferred stock series STRC has fallen significantly below its par value, according to a CoinDesk timeline analysis. The article traces the sequence of events that led to the decline in STRC's market price relative to its stated par value. The piece examines structural and market factors contributing to the preferred-stock underperformance.

Israeli strikes killed 10 people in Lebanon within hours of a ceasefire taking effect, according to Reuters. The article reports on the breakdown or violation of the ceasefire agreement between Israel and Lebanon. No specific companies or financial instruments are mentioned in the article.

Three former executives — Andre Cronje, Michael Kong, and David Richardson — have resigned from the Sonic Labs board. Concurrently, Matt Visser has been appointed as the new CEO of Sonic Labs, succeeding Mitchell Demeter who had already resigned in February. The S token fell approximately 5% following the announcements.

Approximately $13 billion in Bitcoin options are set to expire, with bears currently holding the upper hand in positioning. The article suggests this dynamic could signal further downside for BTC heading into June. No specific company actions are cited; the piece is a macro-level crypto market analysis.

Reports suggest UK Prime Minister Starmer is weighing his political future over the weekend, with the phrasing widely interpreted as a precursor to resignation. The article notes ongoing political instability in both major UK parties. No specific corporate action is involved; the focus is on potential leadership change and its implications for the British pound.

Elis has withdrawn its notification to the Competition and Consumer Protection Commission (CCPC) regarding its planned acquisition of OCL. The withdrawal signals a potential halt or restructuring of the deal, as regulatory filings are typically a prerequisite for completing such transactions. No further details on the rationale for the withdrawal or next steps were provided.

Bitcoin traded around $63,000 on June 19 (Juneteenth), holding near local lows without a meaningful recovery. Price action remained subdued following a hawkish Federal Reserve meeting and geopolitical tensions related to Iran's posturing over the Strait of Hormuz. Odds of a July Fed rate hike approached 40%, adding macro headwinds to risk assets.

A former Ethereum contributor has warned of a core development funding crisis, citing reduced spending by the Ethereum Foundation, changes to its treasury strategy, and a wave of leadership departures. The Ethereum Foundation has not issued an official response to the concerns raised. The situation raises questions about the sustainability of Ethereum's core protocol development resources.

UAE stock markets declined as uncertainty surrounding a potential US-Iran truce weighed on investor sentiment in the region. The geopolitical tension between the US and Iran is creating volatility across Gulf bourses. No specific company actions were cited; the move reflects broader macro and geopolitical risk factors.

Bitcoin is declining for a fourth consecutive day, with smart-contract and DeFi-related cryptocurrencies leading losses across the broader digital asset market. The sell-off appears broad-based, with no single named company or token cited as the primary driver. The article reflects a continued bearish trend in crypto markets without identifying a specific catalyst.

Escalating hostilities in Lebanon are creating headwinds for ongoing US-Iran diplomatic negotiations, according to Reuters. The geopolitical tensions add uncertainty to the broader Middle East situation. No specific corporate actions or company-level catalysts are cited in the article.