Finance

Global energy markets experienced a major shift as crude oil futures dropped substantially following diplomatic updates from Washington. The cooling of immediate threats to major oil-transport routes like the Strait of Hormuz led to an 8% slide in oil prices.

A coordinated effort by the United States and Japan has temporary helped prop up the value of the yen, pulling it back from historic multi-decade lows against the US dollar. Despite the rare move by the US Treasury via the Federal Reserve Bank of New York, financial analysts remain skeptical that this intervention will alter the fundamental economic pressures dragging down the currency.

Bitcoin and Ether prices faced notable downward pressure amid a multi-day hack affecting Coldcard hardware wallets. The security breach has severely shaken investor confidence regarding self-custody solutions, leading some digital asset holders to migrate their holdings back onto centralized exchanges.