Author: Julius Alagbe

Oil Prices Decline as U.S. Changes Plan on How to Fight Iran ​​​​​​​Oil prices fell on Wednesday as Washington’s shift from military strikes to economic pressure on Iran eased immediate supply fears. At the same time, uncertainty over the reopening of the Strait of Hormuz and expectations for another Federal Reserve (Fed) rate hike by year-end added downward pressure. International benchmark Brent crude futures for November delivery traded at $85.49 per barrel at 09.52 a.m. local time (0652 GMT), down 2% from the previous close of $87.27. US benchmark West Texas Intermediate (WTI) crude futures for October delivery traded at…

Cardano Price Drops Ahead of Governance Vote Deadline Cardano (ADA) price declined 4.59% in 24 hours to $0.211 on Wednesday, underperforming a slightly weaker broader market, primarily driven by uncertainty around a critical governance vote deadline. The move reflects a combination of coin-specific risk and a broader capital rotation away from altcoins. Traders said governance vote uncertainty creating near-term overhang. Cardano faces a critical constitutional committee vote that expires on September 1 (epoch 653). As of August 25, support from delegated representatives (DReps) and stake pool operators (SPOs) was still short of the required thresholds. If the vote fails, governance…

The South African rand strengthened to R16 per US dollar, trading near its strongest level since the war

NVIDIA Tokenised Stock Gains, Coinbase Launches Tokenised Equities NVIDIA Tokenised Stock (Robinhood) is up 1.97% over the past 24 hours to $213.25 on Tuesday, moving independently of a slightly down Bitcoin and other crypto market decliners. The rise is primarily driven by new on-chain demand following Coinbase’s launch of tokenised Nvidia stock (NVDAc) on its Base network. Coinbase launched tokenised US equities, including NVDAc, on its Base blockchain on August 24-25, 2026. This created immediate on-chain demand, with $4.55 million in tokens minted and deep liquidity provided on decentralised exchanges like Aerodrome. The launch also includes an integration with Chainlink…

BTC, ETH, XRP Decline as US Treasury Liquidity Bets Ease Bitcoin (BTC), Ethereum (ETH), and Ripple XRP, among other top digital assets, headed south amid profit-taking in the cryptocurrency market on Tuesday. Sell pressure dragged total cryptocurrency market capitalisation lower by 3.14% to $2.68 trillion, with trading volume declining sharply over the last 24 hours to about $120 million. Bitcoin is trading at $78.4k, while Ethereum sits at $2,430, reflecting a 2.00% decline, and XRP is hovering at $1.43 after capping above $1.52 earlier in the day. Bitcoin broke above $80,000 and briefly reached the $81,000 region on Tuesday, erasing…

Oil prices fell Tuesday as escalating economic tensions between the US and Iran and a renewed trade row between the US and Canada fueled uncertainty over global oil demand.

Ripple (XRP) price climbed about 3% over the past 24 hours, topping $1.52 on Tuesday as signals of US Treasury liquidity continue to draw investors’ attention across digital assets.

Bitcoin (BTC) price is up 4.48% in 24 hours to $80,482 on Tuesday, outperforming the broader

Ethereum (ETH) price climbed 73% to $2,481, closely tracking Bitcoin’s 1.54% gain, primarily driven by sustained institutional demand via spot ETFs and a broader macro-driven market rally.

Naira Dips as Interbank Turnover Eases, FX Reserves Rise The naira dipped slightly against the US dollar at the official window on Monday, with data showing a sustained increase in the country’s foreign reserves. The local currency closed at N1346.9676 per dollar at the Nigerian foreign exchange market (NFEM), from N1346.4919 per greenback last week. Transactions were executed between N1345 and N1350 at the NFEM window, with trading data indicating FX liquidity was tighter than at the previous close. At the NFEM window, interbank FX turnover moderated slightly to $152.592 million, down by 4.4% from $159.732 million posted at Friday’s…