“Congress has the power to slam the brakes on this unwise conflict,” said bill sponsor and Democratic Senator Tim Kaine. The United States Senate has voted to advance a resolution that could force US President Donald Trump to seek congressional authorization to continue the country's war with Iran. The vote on a procedural war-powers measure on Tuesday passed by 50 to 47, with four Republicans also voting in favor, according to Reuters. Policymakers have been arguing that Congress, not the president, should have the power to send troops to war, as spelled out in the US Constitution. Read more
Iranian authorities held mass public weddings in Tehran for couples who signed up to a state-sponsored scheme declaring their readiness to sacrifice their lives in the war against the US and Israel. The ceremonies conducted late on Monday involved hundreds of couples in several major squares in the capital, including more than 100 in the vast Imam Hossein square in central Tehran, according to reports in Iranian media. They were broadcast on state TV in a bid to boost wartime morale, with US President Donald Trump repeatedly threatening new military action against Iran amid a shaky ceasefire which halted the fighting that began on February 28. Those involved had signed up, according to Iranian media, for the so-called “self-sacrifice” scheme (janfada in Persian) where people pledged to put their lives on the line in the war by, for example, forming human chains outside power stations. Iranian authorities say millions of people, including top figures such as Parliament Speaker Mohammad Bagher Ghalibaf and Pres...
Institutional investors pulled capital from Bitcoin and Ether products as Iran tension and rising inflation rattled markets, while XRP and Solana funds continued to attract fresh inflows. Cryptocurrency investment products posted heavy outflows last week as investors reduced risk amid inflation fears and uncertainty over a lasting ceasefire between the United States and Iran. According to CoinShares’ latest weekly report, digital asset exchange-traded products (ETPs) recorded $1.07 billion in net outflows, ending a six-week streak of inflows. It marked the third-largest weekly outflow this year. Bitcoin (BTC) investment products accounted for the bulk of the withdrawals, with $982 million in outflows. Ether (ETH) products lost $249 million, their largest outflow since the week ending Jan. 30. Read more
Bitcoin analysis says BTC price could revisit the $65,000 demand area after fresh US-Iran war tensions soured the crypto market mood. Bitcoin (BTC) dropped to $76,000 during the early Asian trading hours on Monday as US-Iran tensions resurfaced. Key takeaways Data from TradingView showed BTC price dropped as much as 7% over the last three days to three-week lows of $76,500, erasing all the gains made since May 1. Read more