Fuel Shortages Hit 5 Countries on Day 203 of the Iran War: Full List

Its day 203 of the Iran war. And, at least five countries are rationing fuel or reporting empty pumps as of September 19. Brent crude traded at nearly $110 this month, its strongest level since spring.  The Strait of Hormuz has been largely shut since Iran retaliated for US and Israeli strikes on February 28. Houthi advances at the Bab al-Mandab chokepoint this month have now squeezed the main bypass route as well.  BRENT Price Performance. Source; TradingView  The crisis is now also a refined-product problem, not just a crude problem. Vitol CEO Russell Hardy said at the Asia-Pacific Petroleum Conference that the market is missing about 2 million barrels a day of products from Russia and almost 2 million more from the Middle East.  The International Energy Agency (IEA) says refined shipments leaving the Gulf still run below half their February pace. Russian diesel exports have roughly halved since June, per the IRU.  The 5 Countries Rationing Fuel or Reporting Stockouts1. France  Between 10% and 12% of French stations were out of at least one fuel from September 13 to 15, according to government prix-carburant data cited by Connexion. Grand Est reached 14%.  SP95-E5 petrol hit an all-time record of €2.17 a litre after six straight

09-20انڈسٹری

AI was supposed to take scammers jobs, but it gave them superpowers instead

For anyone worried that AI would eliminate every profession except the one sending messages about your frozen crypto account, theres unwelcome news for that last bastion of human enterprise. Fraud has found an automation budget.  Scamming has always required a surprising amount of manual labor. Romance scams need someone to keep a conversation going for weeks, investment fraud needs someone to answer questions and maintain a believable identity, and impersonation scams need someone to keep the act together long enough to transfer money. AI can now do more of that work, meaning the same criminal operation can reach far more people without adding more humans.  Thats what FATF president Giles Thomson meant when he told the Financial Times this month that AI could let “one or two people in a basement with a very big server” do work that once required a much larger scam operation. Its a grimly efficient version of the productivity boom every other industry has been promised.  The important change isnt that AI is about to make scammers unemployed. Its that every scam becomes cheaper to run. One person can maintain more fake identities, carry on more conversations, and attempt more fraud at the same time, which means criminals

09-20انڈسٹری

SpaceXs Nasdaq-100 Weight Jumps to 2.82% — What Happens to QQQ Now?

The aerospace companys index weighting has been confirmed at 2.82%, more than double the roughly 1.28% allocation it received after joining the benchmark in July. The change takes effect with the latest quarterly rebalance.  The reason isn‘t another rocket launch or earnings surprise. It’s free float.  Invesco‘s explanation of SpaceX’s Nasdaq-100 entry shows that when SpaceX entered the index, only about 5% of its shares were freely tradable. Under Nasdaqs methodology, that limited the weight assigned to the company despite its enormous overall market capitalization. (  Discover more  FINANCE  Brokerages & Day Trading  Currencies & Foreign Exchange  As post-IPO restrictions expired and more shares became available for trading, SpaceXs index representation could increase.  Why 2.82% Matters for QQQ  Moving from 1.28% to 2.82% is a 1.54-percentage-point increase, or roughly a 120% jump in SpaceXs index weight.  That matters because funds designed to track the Nasdaq-100 need to adjust their portfolios when the benchmark changes.  The biggest example is the Invesco QQQ Trust. Broader estimates cited ahead of the rebalance suggested that the SpaceX adjustment could generate roughly $15.5 billion to $22 billion of passive buying across Nasdaq-100-linked products, although the exact amount depends on assets tracking the index and implementation mechanics.  The event also follows a surprisingly weak response to SpaceXs original

09-20انڈسٹری

Binance News: USD/BRL Perpetual Debuts Monday with 100x Leverage

Key Insights:Mondays USD/BRL debut is trending with Binance news, with leverage capped at 100x.Binance will use orderbook pricing during weekend and holiday FX market closures.Bybit offers up to 100x leverage on FX perpetuals, while Kraken caps leverage at 50x.  Binance news focused on a USD/BRL perpetual contract scheduled to begin trading on Monday with up to 100x leverage. The USDBRLUSDT contract will track movements between the U.S. dollar and Brazilian Real, and settle in Tethers USDT stablecoin.  Eligible traders can take currency positions without owning either currency, while trading will continue through weekends and public holidays. That schedule extends beyond conventional institutional foreign exchange hours, which generally run from Monday through Friday.  Binance will use different pricing sources depending on whether external currency markets remain open. Its approach combines third-party market data during regular hours with orderbook-based pricing during closures.  Binance News Details USD/BRL Trading Terms  The new contract links to Binance Perpetuals and has no fixed expiration date. Traders can keep positions open while meeting margin requirements and paying or receiving applicable funding charges.  Discover more  Public Finance  Finance  Merchant Services & Payment Systems  However, regional restrictions and account requirements will determine who can access the product.  Binance news Monday debut for USD/BRL perpetual | Source: Binance  Binance said users should

09-20انڈسٹری

How the Clarity Act's Defeat Handed the SEC and CFTC the Wheel on Crypto

In briefThe Senate failed to advance the Clarity Act in a 49-50 vote, with Democrats voting as a bloc and three Republicans joining them; the breakdown sparked finger-pointing, though seven negotiating Democrats called it “a setback, but not the end.”With industry fatigue mounting, attention has shifted from Congress to regulators, with figures like the Solana Policy Institutes Kristin Smith calling agency guidance “the more viable path forward right now.”Both agencies are moving: SEC Chair Paul Atkins tied a new tokenized-stock innovation exemption to the bills failure, while the CFTC issued no-action relief and sent a broader crypto rulemaking to the White House.  For anyone tracking the twists and turns of crypto policy in Washington, it was a long and bruising week. It also marked a shift in the center of gravity from Congress to the regulators.  On Tuesday, the Senate failed to advance crypto‘s landmark market structure bill in a dramatic procedural vote that exposed how deeply President Trump’s crypto dealings have eroded Democrats willingness to work with Republicans on regulating an industry they themselves say badly needs oversight.  Myriad: Will Congress pass the Clarity Act? Click to make your prediction.  Democrats voted as a bloc against advancing the bill, while Republican Sens. Susan

09-20انڈسٹری

Coinbase CEO Pushes Back on Blame for CLARITY Act Senate Failure

CEO Brian Armstrong denies Coinbase caused the CLARITY Acts Senate setback.Coinbase withdrew support in January, then backed the revised bill by May.The Senate vote failed 49-50 amid ethics and crypto policy disputes.  Coinbase CEO Brian Armstrong has denied that he or Coinbase are responsible for the CLARITY Act failing to move forward in the U.S. Senate. He said the bill failed because of changes to the legislation and unresolved political disagreements.  Armstrong spoke about the issue on Sept. 19 after saying The Wall Street Journal was preparing a story that would blame him and Coinbase for the bills failure.  Armstrong criticized the Journal, saying it had been against the CLARITY Act and was repeating arguments made by banking groups. He said Coinbase had supported federal crypto legislation for years, but temporarily opposed an earlier version of the bill because he believed some parts could hurt the crypto industry.  The dispute follows a Senate vote on Sept. 15. Senators voted 49-50 on whether to move forward with the CLARITY Act, but the bill needed 60 votes to pass the procedural step. The motion failed, although Republican Sen. Thom Tillis later introduced a motion to reconsider the vote.  Armstrongs January Opposition  In January, Coinbase withdrew its support for

09-20انڈسٹری

Former CCB Manager Jailed Over Tether Bribes and $1.6B in Fake Letters of Credit

A former China Construction Bank (Asia) relationship manager has been sentenced to four years in prison in Hong Kong after accepting more than $470,000 in Tether (USDT) bribes to authenticate false financial documents valued at more than $1.6 billion.  Lam Chun-yin, 32, was sentenced at Hong Kongs District Court on September 18 after pleading guilty to conspiring with a fintech company employee and other associates to accept bribes. The Independent Commission Against Corruption (ICAC) said the cryptocurrency payments totaled more than US$470,000, equivalent to about HK$3.7 million. Lam was also ordered to repay approximately HK$3.7 million to CCB Asia.  The scheme took place between April and June 2022 and involved Tether payments made in exchange for authenticating multiple standby letters of credit (SBLCs) that falsely claimed to have been issued by CCB. Two collateral letters were also falsely presented as being issued by Yu Po Holdings and endorsed by CCB. The instruments carried a combined stated value of more than US$1.6 billion.  False CCB Documents Tied to Vesttoo Investment Scheme  Lam worked as a relationship manager in CCB Asias consumer banking division at its Causeway Bay retail branch. According to the ICAC, he had no authority to process business credit facilities or letters of

09-20انڈسٹری

Shiba Inu (SHIB) Builds 'Bull Combo': Will Weekly Chart Finally Delete a Zero?

A rare technical setup has formed on Shiba Inus (SHIB) weekly chart, potentially triggering the process of removing another zero from the assets price. The market has recorded a classic “bullish combo,” where long-term seller exhaustion has coincided with a local price reversal.  Right now, the token is trading near its local bottom at $0.00000547, showing a weekly gain of 6.72%. The intrigue of the current situation lies in the technical divergence between the price and the actual indicator readings.  The main argument in favor of a reversal is the formation of a classic bullish RSI divergence. While SHIBs price has been consistently setting new lows over the past several months, the Relative Strength Index has shown a series of higher lows on the weekly timeframe.  This signal has provided a clear indication that selling pressure has been exhausted and the bearish trend is running out of steam.  Shiba Inu chart stalls near local bottom but prepares to erase a zero: A concise breakdown of the situation  As a result, two key drivers have emerged on the chart:RSI divergence: Higher lows on the oscillator confirm a hidden influx of liquidity into the asset.Support at the bottom: The current green impulse has allowed the price to

09-20انڈسٹری

Bitcoin Price Nears 4 Million Lira as Turkeys Currency Hits the Floor

Key TakeawaysTurkeys lira is near 48.8 per dollar, while a single bitcoin now costs almost 4 million lira.TCMB rates sit at 37%, but with inflation at 31.51%, Turkish savers are still feeling the squeeze.Turkey lets people buy and hold bitcoin, but its 2021 rule still says they cant spend it directly.  Nearly 4 Million Lira for One Bitcoin  Five years ago, a Turkish saver needed fewer than nine lira to buy a U.S. dollar. Today, that same greenback costs nearly 49. Against bitcoin (BTC), the numbers have gone completely off the rails. One bitcoin now changes hands for roughly 3.95 million to 3.96 million lira, turning what was once an ordinary-looking exchange rate into a seven-digit price tag.  The subject of the Turkish liras new lows has been a topical conversation on X. Image source: X  The strange part is that Turkey hasnt suffered a sudden currency collapse. The lira has instead been bleeding purchasing power gradually, losing roughly 18% against the dollar over the past year and about 86% of its purchasing power over five years based on official inflation. Its a slow-motion squeeze inside an economy still measured at roughly $1.4 trillion to $1.6 trillion.  A 37% Interest Rate Still Isnt Much Shelter  Official

09-20انڈسٹری

After CLARITY Act Stalls, Can Crypto Build on Temporary Regulatory Relief?

Senate blocks CLARITY Act, leaving crypto firms with uncertain and temporary regulation. SEC relief gives tokenized stock venues a five-year pathway with trading limits.CFTC Letter 26-25 eases software access but retains joint liability conditions.  The Senates failure to advance the CLARITY Act has left crypto companies facing a key problem: regulatory permission without permanence. Senators rejected cloture on H.R. 3633 by 49-50 on September 15, preventing the chamber from moving forward with the bill.  However, Sen. Thom Tillis entered a motion to reconsider, which left the measure procedurally stalled rather than formally dead. As a result, attention has shifted toward the SEC and CFTC, which have opened alternative pathways for tokenized stocks and derivatives.  Although companies can use those routes, both still depend on agency relief rather than legislation. Consequently, firms now have regulatory pathways to build on, but those permissions remain less durable than rules established by Congress.  SEC Tokenized Stock Relief Carries a Five-Year Expiry  On September 17, the SEC issued its Innovation Exemption for Tokenized Securities Venues. SEC Chair Paul Atkins linked the move to Congress‘s failure to advance the CLARITY Act. The order gives qualifying venues five years of conditional relief from the Exchange Act’s definition of an exchange.  Discover more  News  Currencies &

09-20انڈسٹری
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