Marketers of petroleum products say petrol prices may drop to about N1,200 per litre as the Dangote Petroleum Refinery leads efforts to reduce ex-depot rates. As crude prices continue to fall following a peace deal signed between the United States…

Since June 3, more than 720 million XRP (XRP) tokens have left crypto exchanges, and Upbit’s share of XRP wallet flows has climbed to its highest level since May 2024. The shift comes as XRP rebounded to $1.30 on Monday, with…

The World Bank has projected continued volatility in global natural gas prices, warning that geopolitical tensions, supply disruptions and structural demand shifts will keep energy markets unstable in the near term. The forecast was outlined in an analysis based on…

Key takeaways:Bitcoin derivatives show weak conviction with 2% futures basis and elevated put options premium signaling caution.Institutional buying via $86 million ETF inflows plus Strategy’s (MSTR US) ongoing accumulation counters market fear.Bitcoin (BTC) jumped above $67,000 after US President Donald…

Defend American Jobs, the cryptocurrency company-backed political action committee (PAC) affiliated with Fairshake, reported spending millions of dollars to support a Republican candidate’s run for a US Senate seat in the party’s Tuesday primary runoff in Alabama.As of Tuesday, filings…

The market for tokenized real-world assets (RWAs) continues to expand despite broader weakness in crypto markets, with the value of onchain financial assets climbing sharply over the past six months as traditional financial products migrate onto blockchain rails.According to Token…

Bitcoin’s (BTC) risk-adjusted return profile is approaching levels historically aligned with long-term accumulation zones. The Sharpe ratio, a metric that measures return relative to volatility, dropped to -20, a threshold that marked major Bitcoin bottoms in every bear market since…

Coinbase is allowing users to transfer existing stock portfolios onto its platform, marking another step in the company’s push beyond cryptocurrency trading and toward becoming a full-service financial platform.On Tuesday, Coinbase unveiled expanded stock and exchange-traded fund (ETF) trading through…

Enugu State is counting on its new airline and the concession of the Akanu Ibiam International Airport, enugu, to support its plan of growing the state’s economy from $4.4 billion to $30 billion by 2031, the Secretary to the State…

State Street Investment Management has launched a money market fund designed for stablecoin issuers, offering a vehicle for holding reserve assets under the framework established by the GENIUS Act. The fund is structured as a Rule 2a-7 government money market fund…

The World Bank has ranked Nigeria’s Apapa Port Complex and Tin Can Island Port Complex among the 20 most improved ports globally, highlighting the impact of ongoing reforms and operational improvements in the country’s maritime sector. The recognition, contained in…

Cryptocurrency exchange Binance, whose application under the European Union’s Markets in Crypto Assets (MiCA) framework is under consideration, has generally deferred responding to a report that the company’s licensed activities in the region could be at risk.In a Tuesday blog…

SpaceX’s hotly anticipated public debut on June 12 raised $75 billion at $135 per share, valuing the company at more than $2 trillion and turning its founder, Elon Musk, into the world’s first trillionaire. And it’s not only Musk getting…

The International Monetary Fund (IMF) has warned that the growing use of US dollar-denominated stablecoins in Nigeria could weaken demand for the naira, and undermine the effectiveness of the country’s monetary policy framework. IMF observed in a report titled “Stablecoins…

Bitcoin (BTC) dropped back to $66,000 after Tuesday’s Wall Street open as stocks locked in fresh gains.Key points:Bitcoin cools its rebound, even as stock continue higher on US-Iran peace plans.Oil prices hit their lowest levels in three months, but crypto…