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The Commodity Futures Trading Commission will stay a self-certified CME crude oil futures contract that would have allowed around-the-clock trading as soon as July 10, escalating a dispute over whether traditional energy derivatives should move toward the 24/7 model already common in crypto markets. The CFTC said CME filed to self-certify the contract on July 8 despite an active public comment process on 24/7 futures trading and related risks in energy markets. The CFTC announced the stay on July 9. The move matters because crude oil is not just another listed product. It is one of the world’s most important…

Why Is Revolut Removing USDT in Europe? Revolut will discontinue support for Tether’s USDT stablecoin for customers in the European Economic Area and Switzerland, while keeping support available in other markets. The digital banking platform said the decision followed a review of its crypto offering and risk considerations under the European Union’s Markets in Crypto-Assets Regulation. The move makes Revolut the latest major platform to adjust its stablecoin lineup in Europe as MiCA reshapes which tokens can remain available to retail users. “Revolut is discontinuing support for USDT for customers in the EEA following a periodic review of our cryptocurrency…

The Schwab US Dividend Equity ETF (SCHD) has moved sideways in the past few days. It has remained inside the key support and resistance levels of $31.60 and $32.90 since May.Despite the consolidation, SCHD is having a strong year, with inflows rising by over $13 billion and its assets nearing the $100 billion mark. Its total return this year has been nearly 20%, higher than that of other ETFs. The Vanguard S&P 500 (VOO) has returned 9%, while the Invesco QQQ ETF (QQQ) has returned 16%. SCHD in an era of high bond yieldsThe Schwab US Dividend Equity ETF is one…

The Schwab US Dividend Equity ETF (SCHD) has moved sideways in the past few days. It has remained inside the key support and resistance levels of $31.60 and $32.90 since May.Despite the consolidation, SCHD is having a strong year, with inflows rising by over $13 billion and its assets nearing the $100 billion mark. Its total return this year has been nearly 20%, higher than that of other ETFs. The Vanguard S&P 500 (VOO) has returned 9%, while the Invesco QQQ ETF (QQQ) has returned 16%. SCHD in an era of high bond yieldsThe Schwab US Dividend Equity ETF is one…

A company that just posted the largest quarterly operating profit in the history of the technology industry should not see its stock fall 7% — unless the market believes the profit itself is the top. Samsung Electronics (KRX: 005930) reported preliminary second-quarter 2026 operating profit of ₩89.4 trillion ($58.4 billion) on July 7 — up roughly 19-fold from a year earlier, 6.2% above the ₩84.16 trillion consensus, and enough to overtake Nvidia’s record $53.5 billion quarter and Apple’s all-time peak (KED Global). The shares answered by falling as much as 10% intraday and closing 6.9% lower near ₩291,500 (Benzinga). This…

Swift has confirmed that its blockchain-based ledger is ready for initial use, clearing the way for 17 banks across six continents to pilot live cross-border payments settled with tokenized deposits. The launch marks the first live use case for a ledger Swift unveiled last year and built in nine months, extending a digital asset push the cooperative first signaled when it lined up live trials of tokenized value across its network. The shared ledger gives participating banks an orchestration layer for bank-issued tokenized deposits held on their own ledgers, letting them move client funds around the clock before final settlement…

Why Is Gemini Moving Into Stock Trading? Gemini has launched 0% commission stock trading for users in most U.S. states, expanding beyond crypto as it tries to build a broader financial platform inside its app. The exchange said the service is available to eligible U.S. users, though customers in Alabama, Arkansas, Illinois, Massachusetts, Texas, Puerto Rico, Washington, D.C., and Guam are currently excluded. Nasdaq will serve as Gemini’s official provider for real-time market data. The move places Gemini in direct competition with brokerage apps that already made zero-commission trading a standard feature for retail investors. The model became widely adopted…

Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company’s ongoing turnaround efforts.Rising short interest despite turnaround measuresPlug Power, a top player in the hydrogen energy industry, has been in a rollercoaster this year. It initially jumped to a multi-month high of $4.32 in May as investors cheered its turnaround efforts, and then erased most of those gains, and the situation is worsening. The ongoing sell-off has…

Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company’s ongoing turnaround efforts.Rising short interest despite turnaround measuresPlug Power, a top player in the hydrogen energy industry, has been in a rollercoaster this year. It initially jumped to a multi-month high of $4.32 in May as investors cheered its turnaround efforts, and then erased most of those gains, and the situation is worsening. The ongoing sell-off has…

Rising Middle East tensions and policy uncertainty are driving a flight-to-safety, bolstering the U.S. Dollar while elevating energy-related inflation risks. Escalation of Middle East Conflict The geopolitical landscape in the Middle East has entered a period of acute instability following the effective collapse of the U.S.-Iran memorandum of understanding (MoU). In response to ongoing Iranian efforts to force commercial vessels through an illegal traffic separation scheme, the U.S. and its allies have engaged in a series of direct military confrontations. Tensions have peaked with Iranian military strikes on tankers in the Strait of Hormuz, countered by U.S. and Israeli military…