May 16, 2026

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Crypto

US-Iran conflict disrupts Strait of Hormuz, crude oil prices soar 30%

RBOB gasoline futures surged 5%, and the Polymarket contract for WTI Crude Oil hitting $160 in April sits at 15% YES, driven by the U.S.-Israeli conflict with Iran disrupting shipping through the Strait of Hormuz. Market reaction The conflict has disrupted shipping through the Strait of Hormuz, cutting into global oil supply. Crude oil prices

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Tech & AI

Google Photos uses AI to make the iconic closet from ‘Clueless’ a reality

Google Photos on Wednesday announced a new AI-powered feature that will soon turn photos of your clothes into a digital closet where you can create new outfit ideas, and even virtually try on your creations. Yes, the idea takes obvious inspiration from Cher’s iconic virtual wardrobe featured in the movie “Clueless,” where she could scroll

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Coinbase

World Network’s WLD down 98% amid Altman–Musk legal battle

Musk claims that Sam Altman reneged on his promises to turn OpenAI into a “non-profit” and cashed in with Microsoft and Amazon deals. Source link

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Crypto

Ethereum News: Consensys and Joseph Lubin Add 30,000 ETH to DeFi United

In Ethereum news today, ConsenSys and Ethereum co-founder Joseph Lubin has committed 30,000 ETH to DeFi United, the industry-wide recovery coalition that has now crossed $300M in total contributions. The pledge is not a routine donation; it comes from one of the most recognizable institutional names in the Ethereum ecosystem, deploying capital at a moment

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Bitcoin

Senate Panel Clears Kevin Warsh 13-11, Setting up Fed Leadership Change Before May 15 – Bitcoin News

Key Takeaways: The Senate Banking Committee advanced Kevin Warsh’s Fed Chair nomination 13-11 on April 29, 2026. Sen. Thom Tillis lifted his hold after the DOJ closed its probe into Powell around April 24, clearing the vote. Full Senate confirmation is expected by mid-May 2026, potentially making Warsh chair before Powell’s term ends on May

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Crypto

Hong Kong flags counterfeit stablecoins tied to licensed issuers

Hong Kong regulators have warned investors about counterfeit stablecoins circulating under the names of newly approved issuers, even as the city prepares for its first regulated launches. Summary Hong Kong Monetary Authority warns of fake “HSBC” and “HKDAP” tokens, with HSBC and Anchorpoint Financial confirming no regulated stablecoins have been issued. HSBC and Anchorpoint reiterate

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Tech & AI

This $30 Subscription Will Bring AI Into Your Business

Tap into the power of OpenAI, Meta, Midjourney, and additional powerful AI models with 1min.AI. The post This $30 Subscription Will Bring AI Into Your Business appeared first on TechRepublic. Source link

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Coinbase

Justin Sun owns more TRX than everyone else combined, report

Bloomberg has reported that Justin Sun controls approximately 63% of all Tronix (TRX) in the TRON protocol. Source link

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Crypto

Netanyahu not invited to Washington amid US-Iran tensions

Israel’s Prime Minister Netanyahu hasn’t been invited to Washington, according to his office. The odds of Netanyahu’s departure by June 30 sit at 5.5% YES. The lack of an invitation comes as GOP lawmakers discuss authorizing continued military action against Iran. The Netanyahu out by June 30 market is relatively stable, down only slightly from

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Bitcoin

Strategy’s STRC Becomes World’s Largest Preferred Stock in Under One Year, Saylor Says

Key Takeaways: Strategy’s Michael Saylor unveiled STRC at Bitcoin 2026, a digital credit instrument that reached $8.5 billion in nine months. STRC targets a private credit market exceeding $3.5 trillion, with 10% capture potentially unlocking $350 billion in digital yield. Saylor projects digital credit will scale into trillions globally, with shelf registrations already hitting $21

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