Singapore Benchmark Stock Index Hits All-Time High

According to on-chain analytics provider LookOnChain, popular crypto influencer Cyclop—known as @nobrainflip and boasting 562,800 followers—purchased 11.636 million VIRL tokens on May 25, valued at roughly $37,870.

Influencer @nobrainflip, with 562.8K followers, also bought 11.636M $VIRL($37.87K).

May 25th, according to Bitget’s market data, WTI crude oil futures plummeted 6% intraday and are now trading at $90.80 per barrel.

May 25 – U.S. Secretary of State Pompeo stated that with negotiations with Iran still underway, a potential agreement between the two sides could be signed as early as this coming Monday, per FX168.

May 25 — The Monetary Authority of Singapore (MAS) is teaming up with private banks to speed up account openings via a "risk-based approach," according to Bloomberg. The move comes as Singapore’s standing as a top global wealth management hub continues to rise, drawing heightened attention to the initiative. Chia Der Jiun, MAS’s managing director, shared the update during Monday’s UBS Asian Investment Conference in Singapore. The regulator aims to cut the typical account opening timeline to within one month, down from the current median of roughly six weeks — a window that stretches even longer for complex cases now. Chia explained the initiative balances keeping banks to strict due diligence standards while cutting out unnecessary or overzealous checks on customers’ wealth sources. This approach avoids overly burdensome scrutiny while still upholding compliance requirements, aligning with Singapore’s goal of strengthening its wealth management ecosystem without slowing service acces

Breaking Update: May 25. The Washington Post reported Tuesday (May 24) that the U.S. and Iran have reached a preliminary framework for a memorandum of understanding (MOU). Once signed, this framework will fully restore all shipping in the Strait of Hormuz within 30 days. According to an anonymous senior U.S. official, the draft MOU framework includes a 60-day ceasefire extension, giving both sides time to work out a final agreement to permanently end hostilities—with Iran committing not to pursue nuclear weapons. During this 60-day window, mines in the Strait of Hormuz will be cleared and the waterway reopened. The official noted the MOU includes an Iranian commitment on the nuclear issue, and the U.S. and Iran will hash out enforcement mechanisms over the next two months. Importantly, no actual agreement was signed by the U.S. or Iran on May 24, a diplomatic source with direct knowledge told The Washington Post. Once the MOU is signed, Iran will immediately reopen the Strait of Horm