US stock futures retreat as Iran proposes Strait of Hormuz deal. Oil surges above $100 while investors await Big Tech earnings and Fed meeting this week.
Author: Trader Edge
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Organon (OGN) stock soared 46% after Sun Pharma announced an $11.75B all-cash acquisition at $14/share, creating a top-25 global pharmaceutical company.
SoFi (SOFI) reports Q1 earnings April 29 after record $3.6B revenue in 2025. Analysts maintain Hold rating with $23.27 target amid valuation concerns.
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Gold trades sideways near $4,714/oz as US-Iran negotiations falter, Hormuz remains blocked, and markets await the Federal Reserve’s rate decision this week.
Oil prices jumped above $107 as U.S.-Iran peace negotiations failed and the Strait of Hormuz blockade entered its ninth week, causing historic supply shock.
SK Hynix stock climbed 7% to a record high after Intel’s earnings reinforced AI chip demand, while Samsung rose just 2.5% amid strike worries.
Scallop Protocol on Sui Network lost $142K when hackers exploited an uninitialized variable in a deprecated rewards contract from November 2023.
TRUMP memecoin dropped over 10% to $2.65 after a security scare at the White House Correspondents’ Dinner triggered widespread panic selling among investors.
Western Union (WU) announces USDPT stablecoin launch in May 2026 on Solana, plus Digital Asset Network and USD Stable Card for global markets.
Litecoin suffered a coordinated attack on its MWEB privacy layer, forcing a 13-block reorg and causing $600K+ in losses across cross-chain protocols.
Bitcoin hit a 12-week high near $80K but failed to break resistance. US stock futures fell as oil surged above $100. Fed decision looms this week.