Oil prices surged Monday after President Trump rejected Iran’s Strait of Hormuz proposal, with Brent crude touching $108.48 intraday before settling at $105.28 as equities slid and Treasury yields rose.
Category: Markets
Posted inMarkets
Bitget Loses $387 Million in Year’s Largest Crypto Hack, North Korea Suspected
Crypto exchange Bitget confirmed losses of $387.5 million after a September 24 breach of its hot wallets, with CEO Gracy Chen citing patterns consistent with North Korean hacking operations.
Posted inMarkets
Greenland-Linked Stocks Surge Up to 245% After US-Denmark Arctic Pact
Three Nasdaq-listed companies linked to Greenland’s resource sector surged up to 245 percent after Washington and Copenhagen signed an expanded Arctic security deal on September 22.
Posted inMarkets
Oura Targets $15.6 Billion Nasdaq Valuation as Smart Ring IPO Roadshow Opens
Oura launched its IPO roadshow on September 21, pricing shares at $40–$44 to raise up to $2.2 billion at a fully diluted $15.6 billion valuation.
Posted inMarkets
SoftBank Prices Record $11.1 Billion Bond Sale to Fund Final OpenAI Tranche
SoftBank priced a record $11.1 billion high-yield bond deal on September 23 to fund the final $10 billion payment in its $30 billion stake in OpenAI, due to close October 1.
Posted inMarkets
Bitcoin Holds Above $85,000 as ETF Inflows Absorb Fed Hike and Regulatory Headwinds
Bitcoin sustained a 14% weekly gain and held above $85,000 by September 22 after spot ETFs recorded $999 million in single-day inflows despite a Federal Reserve rate hike and the Senate’s rejection of the CLARITY Act.
Posted inMarkets
Brent Crude Pulls Back Toward $97 as UNGA Diplomacy Signals Lift Risk Appetite
Brent crude fell to $97.43 a barrel on September 22 before recovering to around $100, as Trump’s UNGA remarks on Iran raised cautious hopes of a future deal and briefly reversed the Houthi-driven spike to $103.
Posted inMarkets
Circle Launches Arc Blockchain With BlackRock and Visa as Founding Validators
Circle Internet Group opened the Arc public blockchain mainnet on September 16, naming BlackRock, Visa, Mastercard and DTCC among eleven founding validators and completing the genesis mint of 10 billion ARC tokens.
Posted inMarkets
Houthi Strike on Riyadh Airport Sends Brent to $103
Houthi forces hit Riyadh’s King Khalid Airport on Saturday, the first attack on the Saudi capital since March, sending Brent crude to $103.
Posted inMarkets
Altera Confidentially Files for IPO That Could Raise More Than $2 Billion
The Silver Lake- and Intel-backed chipmaker filed confidentially for a US listing on September 15, targeting a late-2026 debut that would rank among the largest semiconductor IPOs since Arm’s $5 billion listing in 2023.