The US Military Claims Successful Interception of Ballistic Missile Fired by Iran at US Military Base in Kuwait

June 1 – Iran and the Resistance Front have decided to fully block the Strait of Hormuz, Tasnim News Agency reported. As a retaliatory move, other regional fronts may also be activated, with the Strait of Mandeb among the potential flashpoints. No negotiations will take place until Iran’s demand that Israel halt all military activities in Lebanon and Gaza is met. Iranian officials have called on Israel to immediately cease its military operations in Gaza and Lebanon, and to fully withdraw from all areas it occupies in Lebanon before any talks can restart.

June 1, according to Bitget market data, WTI Crude Oil Futures surged 5% during intraday trading and currently stand at $91.74 per barrel. The front-month crude oil futures contract posted short-term gains, with SC Crude Oil futures rising 3.25% to 603.8 yuan per barrel. Low-sulfur Fuel Oil (LU) climbed 2.76% to 4,773 yuan per ton; Fuel Oil added 2.24% to 3,924 yuan per ton; and Bitumen gained 3.21% to 4,373 yuan per ton.

On June 1, Travis John, Head of Institutional Business at XDC Network, said the global trade finance market is valued at roughly $150 trillion, but the industry still relies heavily on paper documents, manual reviews, and multiple layers of intermediaries—leading to lengthy settlement times, high financing costs, and fraud risks. XDC Network leverages blockchain technology to digitize trade finance, cross-border settlements, and collateral management by putting invoices, bills of lading, and other trade documents on-chain, helping companies cut financing costs and improve settlement efficiency. Per XDC, short-term trade financing rates for some small and medium-sized enterprises (SMEs) are expected to drop from a traditional channel’s peak rate of about 30% to around 10%. XDC noted that trade finance is a key subsector of real-world assets (RWA) and on-chain private credit, yet only approximately $700 million in global trade finance assets have been tokenized, signaling adoption rema

On June 1, blockchain security firm CertiK released data showing the cryptocurrency industry suffered roughly $68.3 million in total losses during May 2026 due to hacks, exploits, and scams—an nearly 90% plunge from the over $650 million lost in April. This marks the third month this year that crypto-related security losses have stayed under $100 million, per CertiK’s analysis. CertiK broke down May’s losses: about $2.6 million came from phishing attacks. By contrast, April’s massive losses were driven by major breaches targeting the Drift Protocol and KelpDAO infrastructure, which cost approximately $285 million and $292 million respectively—making up roughly 95% of April’s total losses. Those two events pushed April to one of the worst months for crypto security losses since March 2022. While large-scale protocol exploits have tapered off, CertiK flagged growing risks from other threats: phishing, social engineering scams, deepfakes, and credential leaks are all on the rise. Resear

News Flash: June 1 – Per market sources, Iran’s negotiating team will halt all dialogue and written exchanges conducted via intermediaries.

June 1: According to Bitget market data, WTI and Brent crude oil surged sharply by $1.5, while spot gold plummeted $30 in a short span. On the news front, Iran has ceased intelligence sharing with the United States over America’s support for Israel.