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24/7 News

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8/20
06:17
Andy Baehr, Managing Director of Asset Management at crypto market maker GSR, highlighted that tokenizing short-term fixed-income products could serve as institutional collateral for futures or over-the-counter trades. He also noted that mass tokenization of equities is "exciting" for enabling 24/7 trading on digital asset platforms, though adoption scale remains to be seen. GSR has been actively building around tokenization opportunities, including a lead investment in tokenization platform Libeara in April.
06:08
Daniel Wang, Executive Director of the Insurance Department at the Monetary Authority of Singapore (MAS), stated at the Singapore College of Insurance's 2026 Graduation Ceremony that Singaporean life and health insurers paid out S$5.79 billion (approximately US$4.27 billion) in claims and maturities in the first quarter of 2026, while general insurers paid S$1.8 billion (approximately US$1.33 billion) in claims in 2026.
06:04
China has purchased millions of barrels of Saudi crude offered via a rare tender and under long-term contracts. However, the country's overall crude purchases from Saudi Arabia still remain well below pre-war levels.
06:03
The U.S. Treasury Department reported yesterday that the total U.S. debt has surpassed the $40 trillion mark. Economists consider this threshold symbolic, but its sheer size already exceeds the annual total output of the U.S. economy. As bond yields surge due to various factors, Treasury Secretary Scott Bessent has stepped in as America's "chief bond trader" to address the situation.
05:47
Conversations with X are ongoing, according to a person who also works with other social media platforms testing stablecoins to pay influencers.
05:44
Analysts noted that US Treasury Secretary Besant's plan to increase long-term debt buybacks triggered a global bond rally, but given concerns about fiscal distress and persistent global inflation, the rally is likely to be short-lived, at best temporarily stemming the decline in bonds.
05:34
The upward trend in bond yields this year, driven by persistent inflation and heavy AI-linked corporate borrowing, indicates that Treasurys are appearing less safe. Their yields are no longer as low relative to other securities, and they do not behave like a haven during times of stress.
05:33
Former Iranian central bank advisor Mehrdad Sepahvand refuted US President Donald Trump's claims of an imminent collapse of the Iranian economy, but warned that the UAE's decision to cut trade ties with Iran could lead to an economic contraction of about 5% this year. Sepahvand noted that while the Iranian economy is indeed deteriorating under the weight of sanctions, it is far from collapse, with stores still well-stocked and no bank runs. However, the UAE is one of Iran's main financial gateways, and its severing of trade and financial ties will put pressure on exchange rates, increase trade costs, and push up inflation in the next two quarters.
05:19
Human Rights Watch released a report stating that increased attacks by Israeli settlers, coupled with the rapid expansion of settlements, are driving the forced displacement of Palestinians. The report accuses Israeli authorities of arming, funding, and granting impunity to settlers to carry out these attacks. Since the current government took office in December 2022, violence by Israeli settlers has been on the rise, with a surge in attacks particularly during the first two months of the war between the US and Israel against Iran. These attacks include killing children, sexual violence, physical and psychological abuse, arbitrary detention, arson, property destruction, and theft. Human Rights Watch recommends targeted sanctions against individuals suspected of ongoing abuses, suspending arms transfers to Israel, and prohibiting trade with illegal settlements, while also urging countries to consider suspending preferential trade agreements with Israel.
05:09
Maritime intelligence firm Kpler data for August 1-19 reveals that 148 out of 236 vessels transiting the Strait of Hormuz, including oil and gas carriers, turned off their Automatic Identification System (AIS) transponders or used unclassified routes. This practice, known as 'dark routing,' is employed to reduce visibility and avoid being targeted by military forces amid heightened US-Iran tensions. Of the ships that openly declared their routes, 83 used the Iranian route, while only 3 publicly used the Omani route favored by the US.

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