Finance

Global energy benchmarks experienced sharp declines after President Donald Trump announced the cancellation of planned strikes against Iran in favor of direct peace negotiations. Both Brent crude and West Texas Intermediate futures fell over five percent, offering markets substantial relief after geopolitical tensions pushed prices up during the prior month.

Bitcoin and Ether faced notable downward pressure following an ongoing exploit of Coldcard hardware wallets, which resulted in the theft of roughly $89 million. The vulnerability, traced back to a non-random seed phrase generation process, has rattled investor faith in traditional self-custody methods and triggered net outflows from digital asset funds.

Currency and bond markets adjusted after international financial authorities confirmed coordinated actions to bolster the value of the Japanese yen against the US dollar. The joint intervention successfully dragged the greenback toward multi-week lows, while concurrently pushing down US Treasury yields.