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The US Dollar Index Futures Decline, WTI Crude Oil Surges 5.54% Intraday, Brent Oil Rises by 3.75%

1 hours ago

On May 4, following reports that Iran targeted a U.S. military vessel, S&P 500 futures dropped 0.55%, Dow Jones futures fell 0.73%, and Nasdaq 100 futures declined 0.51%. Crude oil prices extended gains, with Brent crude topping $111 per barrel (up 3.75% intraday) and WTI crude surging 5.54% on the day.
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Hut8 Secures $200 Million Facility from FalconX, Completes Bitcoin Credit Refinancing with Interest Rate Reduced by 200 Basis Points

On May 4, energy infrastructure platform Hut 8 Corp. announced its subsidiary has entered into a 364-day, $200 million Bitcoin-backed credit facility with FalconX—replacing its existing credit line with Coinbase. Hut 8 CEO Asher Genoot said the move aims to cut capital costs, reduce risk, and boost strategic flexibility. FalconX’s Credit Lead Craig Birchall noted Hut 8’s diversified revenue streams and track record operating through multiple market cycles make it a rare top-tier institutional borrower.

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Source: Informant Iran is prepared for various scenarios in the Strait of Hormuz

May 4 (CCTV News) — Two informed sources said Friday that Iran has prepared for various scenarios in the Strait of Hormuz. “In addition to firing on U.S. warships, Iran has other plans and will take action if necessary,” the sources noted.

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The Whale Makes ?First Set of 10 Big Goals? Holding $1.95 Billion Worth of Bitcoin Short Position, Currently Profiting $2.463 Million

May 4th: On-chain analyst Ai Auntie (@ai_9684xtpa) reports that whale trader "Setting 10 Big Goals First" (@Jason60704294) opened a Bitcoin short position at $79,903.19, selling 2,448.2 BTC worth roughly $195 million. The position currently has an unrealized profit of $2.463 million.

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The U.S. military is supporting the "Freedom of Navigation" operation and imposing a naval blockade on Iranian ports

May 4th (CJN) — U.S. Central Command announced the U.S. military is supporting the "Freedom of Navigation" initiative and imposing a naval blockade on Iranian ports.

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US Central Command Denies Warship Attack, Claims to Be Blocking Iran Port

On May 4, U.S. Central Command (CENTCOM) said in a social media post: "Iranian state media is reporting that the Islamic Revolutionary Guard Corps (IRGC) struck a U.S. military vessel with two missiles. However, no U.S. Navy vessel was attacked. The U.S. military is supporting 'Operation Freedom' and enforcing a naval blockade of Iranian ports." (Wall Street News)

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Trump Threatens to Increase EU Tariffs, EU Claims Move Targets German Car Makers

May 4 (local time) — Per CCTV News, Bernd Lange, chair of the European Parliament’s International Trade Committee, pushed back against U.S. President Donald Trump’s threat this week to hike tariffs on European Union automobiles entering the United States. Lange said Trump’s proposed 25% tariff on EU cars is politically motivated and directly targets German automakers. “These tariffs have no legal basis or economic justification,” Lange stated. “This is purely political, and it targets Germany — specifically German car manufacturers.”

8 minutes ago