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Iran wants ships to pay for services when crossing the Strait of Hormuz
Iran is trying to turn the Strait of Hormuz into a paid transit system after the ceasefire tied to Trump reopened the waterway. Tehran wants ships to pay for security, safety, and environmental services while crossing the oil route, with officials putting the possible yearly income at about $40 billion for the countries involved, according...Cryptopolitan
Thu, Jun 25
Apple raised prices on iPads, Macs, HomePod, and Apple TV
Apple has shot up the prices of its devices, iPads and Macbooks, on Thursday. Chief Executive Tim Cook had already warned that the higher prices are inevitable. The reason is the heavy memory chip demand, a victim of the AI boom and massive data centers. iPhone had been lucky in this price surge as it...Cryptopolitan
Thu, Jun 25
Washington tightens EV market access as geopolitical tensions fuel global demand
Swedish electric car maker Polestar (PSNY) says it will stop selling cars in the United States after the Commerce Department blocked its sales in the country. The company, which is owned by Chinese carmaker Geely, said US officials chose not to “grant Polestar authorization under the current US Connected Vehicle Rule.” That decision means Polestar...Cryptopolitan
Thu, Jun 25
Bitcoin bears target a $52,000 price level as traders position for a 2026 decline
Bitcoin crashed to $58,700 on Thursday and now options traders are convinced it will crash as far as $52,000 before the year is over, which would be its lowest level since August 2024. That decline saw Bitcoin fall by almost 52% from its all-time high and left the OG crypto below the $60,000 level, which...Cryptopolitan
Thu, Jun 25
SBI Holdings agrees $289M deal to take over Japan's Bitbank exchange
SBI Holdings has agreed to acquire all shares of cryptocurrency exchange Bitbank in a ¥46.7 billion ($289 million) transaction. This deal would make the combined group Japan’s largest crypto exchange operator by assets under custody. The acquisition runs through SBICAH, a wholly owned SBI subsidiary. How does the deal work? Starting around August, SBICAH will...Cryptopolitan
Thu, Jun 25
Amazon to invest additional $13 billion in India for its AI and cloud infrastructure
Tech giant Amazon has announced an influx of an additional $13 billion into India by year 2030, which aims to improve AI and cloud infrastructure in the Mumbai and Hyderabad regions. This fresh commitment will raise the company’s total planned investment in the country to $48 billion over the next half a decade. Amazon’s new...Cryptopolitan
Thu, Jun 25
Kraken expands OTC lending via Maple's onchain credit infrastructure
The Kraken crypto exchange and Maple Finance have launched an onchain warehouse lending facility that channels USDC liquidity from Maple’s collection of lenders to Kraken’s over-the-counter borrowers, applying the structural framework behind traditional asset-backed securities to crypto lending for the first time. Lending facility details Maple will provide the senior financing through a special purpose...Cryptopolitan
Thu, Jun 25
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