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Ronin (RON) rally explained: Coinbase listing, L2 upgrade and supply shock

Ronin (RON) has surged sharply over the past 24 hours, climbing 35.8% to $0.1233 and outperforming a largely flat crypto market. The rally pushed the token to an intraday high of $0.1365 from a low of $0.08542. Ronin price chart | Source: Coingecko The move came alongside a massive increase in trading activity, with 24-hour

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India’s scorching summer likely to push power demand even higher

India’s power demand has surged to fresh records this week as a brutal heatwave grips much of the country, pushing electricity consumption to levels never seen before.  Bloomberg reported that peak demand hit 260.45 gigawatts (GW) on Tuesday, May 19, surpassing the previous day’s record of 257.4 GW.  The back‑to‑back milestones highlight both the intensity

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Tesla stock slumps over 3% to sink below $400: what happened?

Shares of Tesla (TSLA) continued to decline Tuesday, falling below the $400 mark as investors reassessed the company’s pricing strategy and broader growth outlook. The stock dropped 3.5% to around $395.25 in early trading, extending Monday’s 2.9% decline and marking a sharp reversal from Tesla’s recent rally tied to optimism around autonomous driving and expansion

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Lighter price outlook: Can LIT push toward $1 after Vitalik endorsement?

Lighter (LIT) has moved into the spotlight after a 6.1% 24-hour rally that pushed the token to $0.9521 even as the broader market conditions remained largely unchanged. The move has been closely tied to a shift in sentiment following public comments from Ethereum co-founder Vitalik Buterin, who highlighted Lighter during a May 18 fireside discussion

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Europe faces oil crunch as Iran war chokes Hormuz, inventories plunge

Global oil inventories are plunging and may not recover until late 2027, as the Iran war and the closure of the Strait of Hormuz threaten to trigger physical shortages across Europe within weeks, according to a CNBC report.  Analysts warn that even a swift reopening of the key shipping route will not prevent months of

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Dow slips as Treasury yields, oil prices keep Wall Street cautious

US stocks opened cautiously on Monday as investors monitored rising Treasury yields, elevated oil prices, and ongoing tensions in the Middle East following a volatile end to last week’s record-setting rally. The Dow Jones Industrial Average fell roughly 44 points, or 0.08%, while the S&P 500 was unchanged. The Nasdaq Composite was up by 0.13%.

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Zcash (ZEC) hits $550, slips below $530: Key levels before the next move

Zcash (ZEC) briefly pushed into the $550 region before slipping back below $520, leaving traders focused on whether this is a simple cooling phase or the start of a deeper correction. At the time of writing, ZEC was trading around $524.73, with a 24-hour range of $510.70 to $550.10. Resistance builds as ZEC struggles above

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UnitedHealth slips after Berkshire exits stake even as analysts see rebound ahead

Shares of UnitedHealth Group (UNH) fell over 2% on Monday after Berkshire Hathaway disclosed that it had exited its entire position in the health insurer during the first quarter, ending a brief but closely watched investment. The healthcare giant’s stock had recently staged a strong rebound, posting its seventh consecutive weekly gain after rising about

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Europe’s AI future at risk as soaring power costs push data centers abroad

Europe’s soaring electricity prices are threatening its ambitions to compete with the US and China in artificial intelligence, as power-hungry data centers face mounting costs and investors increasingly look elsewhere, according to a CNBC report.  Experts warn that without cheaper energy, Europe risks falling far behind in the AI race.  Europe has set its sights

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Is the Brent crude oil price set to surge amid the US-Iran quagmire?

Brent crude oil price ended last week at $109.50, its highest point since May 5 this year. It has soared by over 13% from the lowest point this month, and may have more gains ahead as the quagmire between the US and Iran continues. Worse, it has formed the bullish inverted head-and-shoulders pattern, pointing to

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