President Volodymyr Zelenskiy announced the creation of a new military command to intensify strikes on Russia's economy. The move comes as Ukrainian attacks have reportedly cut Russian gasoline production capacity to 65% and disrupted key shipping routes for grain exports.
Iran's Islamic Revolutionary Guard Corps (IRGC) navy has reportedly closed the Strait of Hormuz until further notice, a move that could severely disrupt global oil shipments. The action followed an incident involving a warning shot fired at a vessel, according to Iranian state media.
South Korea has initiated round-the-clock onshore trading of its currency against the U.S. dollar, a major foreign exchange reform aimed at improving market access for global investors and securing an upgrade to MSCI's Developed Markets Index.
The South African rand was little changed against the U.S. dollar as traders adopted a cautious stance ahead of the release of Federal Reserve meeting minutes for clues on monetary policy.
Bitcoin and other major cryptocurrencies rallied after the June nonfarm payrolls report showed significantly slower job growth than anticipated, leading investors to scale back expectations for a near-term Federal Reserve interest rate hike.
The leading cryptocurrency is on track for a weekly gain after U.S. labor market data eased fears of Federal Reserve rate hikes and spot Bitcoin ETFs broke a 10-day streak of withdrawals.
The EOS token surged more than 10% on Sunday, its best single-day performance in over six months, though the cryptocurrency remains significantly below its historic peak.
The business intelligence firm disclosed a significant impairment charge on its digital assets for the second quarter and confirmed recent sales of bitcoin to cover corporate obligations and replenish cash reserves.
Bitcoin traded above the $62,000 level as investors assessed fresh momentum for a comprehensive U.S. crypto bill and continued signs of institutional commitment to the asset.
