Saudi Arabia is once again altering its crude export routing after Yemen's Houthi militants disrupted the use of a key backup corridor in the Red Sea, according to Bloomberg.

The move underscores renewed challenges to Riyadh's logistics as the security environment in the region remains unsettled.

The alternative route has played a significant role in supporting global oil movements since the Iran-related conflict began.

A HYPE long position held by a single address for 10 months has yielded a profit of $57.18 million after the token rose above $80, hitting a new record high.

The position was opened in November last year with 1.38 million HYPE at $38.60 per token, and the holder paid $4.98 million in funding fees during the period.

Overall, the position's value climbed from $53.38 million to $110 million.

Tokuyama Corp., a Japanese silicon materials producer, is expanding its footprint with new facilities in Vietnam and Malaysia to supply a critical semiconductor material.

The move, as reported by Nikkei Asia, is part of a strategy to reduce supply-chain disruption risks by spreading production across multiple countries rather than concentrating it in Japan.

Nikkei Asia reported that at least eight Chinese automakers introduced new models on a single day last month, with Great Wall Motor and Leapmotor Technology among the participants.

Six of the firms showcased new or updated electric vehicles or other types of new-energy vehicles.

Global crude oil inventories are once again declining, according to Nikkei Asia.

The Strait of Hormuz is effectively shut, slowing shipments from the Middle East and helping push prices higher.

Bitcoin is approaching a Golden Cross, a pattern CoinDesk analyst James Van Straten notes often coincides with rallies in the weeks ahead of the cross. ChainCatcher data show both the 50-day moving average and the 200-day moving average are turning upward as the market nears the cross.

Van Straten highlighted that BTC did not break above the 200-day moving average in 2022, but the current market structure appears to be forming a new phase.

A Golden Cross is generally viewed as a medium- to long-term bullish signal, defined by the 50-day moving average crossing above the 200-day moving average. However, it is a lagging indicator used to confirm trend changes rather than forecast short-term moves.

Glassnode data show Bitcoin has historically risen multiple times before the 50-day moving average crosses above the 200-day moving average. BTC is now trading back near the 200-day moving average, signaling a clear departure from the 2022 market cycle.

Iran's Foreign Ministry spokesperson described the visit as a continuation of Pakistan's efforts to bolster regional peace and security, according to Jin10.

The Iranian Foreign Ministry spokesperson stated that Pakistan's army chief will visit Tehran on Monday.

According to Jin10, the report attributes the information to the spokesperson's remarks.

Jin10 reported that President Pezeshkian described Iran as facing a comprehensive war spanning its economic, security, and military domains.

The Bank Policy Institute, which represents several large U.S. banks including JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup, has proposed that FinCEN broaden customer identification requirements to stablecoin secondary markets. The plan would cover exchanges and other platforms that maintain direct account relationships with retail users.

BPI argues these venues handle a substantial portion of trading activity in the payment-stablecoin ecosystem, and that most illicit activity related to stablecoins occurs in these markets.

If adopted, the platforms would be required under the Bank Secrecy Act to collect customer information, and decentralized exchanges could also come under regulation.

FinCEN’s draft rule notes that stablecoin secondary market transactions on blockchains often involve anonymous or pseudonymous identities and lack a centralized node to collect identity information, which limits issuers’ ability to gather customer data from secondary markets.

BPI has also joined other banking groups in opposing the current version of the Digital Asset Market Clarity Act.