What’s Happening in the Philippines, Local News and Philippine People
TLDR Tesla lifted prices on higher-trim Model Y variants by $500–$1,000, with the Premium AWD now starting at about $50,000 The adjustment arrives as U.S. EV sales slid 27% in Q1, while Tesla’s automotive gross margin improved to 21% from
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TLDR Brent crude surpassed $111 per barrel, with West Texas Intermediate nearing $108, marking three consecutive days of gains Trump issued a warning on Truth Social stating that Iran must act “FAST” or face destruction The US and Israel are
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TLDR Solana currently trades around $85–$95 with a market cap near $49 billion Base case forecast for 2031 puts SOL between $350 and $500 Bull case sees SOL reaching $900–$1,200 if institutional adoption and real usage grow Bear case places
MoreTLDR The Verus-Ethereum bridge was exploited, resulting in the theft of approximately $11.6 million worth of crypto assets. PeckShield reported that the stolen assets included 103.6 tBTC, 1,625 ETH, and 147,000 USDC. The attacker subsequently exchanged these assets for around
More(SeaPRwire) – TLDR Olena Oblamska was extradited from Thailand to the U.S. in the Forsage crypto fraud case. She pleaded not guilty to conspiracy to commit wire fraud in Oregon federal court. Prosecutors allege Forsage operated as a $340M
MoreTLDR Iran launched a maritime insurance platform called “Hormuz Safe” on May 16, 2026, reported by state media outlet Fars News Agency. The platform would allow cargo ships to transit the Strait of Hormuz with insurance policies paid in Bitcoin.
MoreTLDR NYDIG stated that the Senate’s cryptocurrency legislation has a feasible window for passage between June and early August. The bill moved forward from the Senate Banking Committee following months of delays. Republicans will likely require support from at least
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TLDR US stock futures experienced a decline on Monday, with Dow futures down 0.8% and S&P 500 and Nasdaq 100 contracts seeing drops of approximately 0.6%. Oil prices surpassed $110 a barrel due to tensions involving Iran, leading to a
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TLDR DOGE is trading around $0.1102–$0.1105 with a market cap of $18.73 billion Price is consolidating and testing the 0.618 Fibonacci resistance level at $0.11799 Analyst BitGuru sees a potential move toward $0.13–$0.15 if momentum builds Derivatives data shows falling
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TLDR Over $657 million in total crypto liquidations hit the market in 24 hours Long positions took 89% of the damage, with $584 million wiped out Ethereum led losses at $256 million, Bitcoin followed at $180 million Bitcoin dropped below
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TLDR Hyperliquid’s HYPE token increased by 7% after Trade.xyz launched a synthetic SpaceX pre-IPO perpetual futures contract on its platform. The SPCX-USDC contract debuted at a $150 reference price, suggesting a $1.78 trillion valuation for SpaceX, and quickly reached around
MoreTLDR A stock signifies actual ownership in a company, not merely a fluctuating market price. Acquiring shares at an appropriate valuation is as crucial as selecting a sound business. Maintaining emotional discipline during market fluctuations distinguishes astute investors from those
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(SeaPRwire) – How many individuals glance at past market charts and recognize that the true regret wasn’t failing to buy early, but holding off until the most significant gains had already vanished? This same cycle is unfolding once more,
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TLDR Klarna Q1 revenue increased 44% to $1 billion, surpassing analyst projections of $944–945 million. The company reported a loss of just 1 cent per share, significantly better than the anticipated 18-cent loss. Gross merchandise volume (GMV) reached $33.7 billion,
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TLDR Bullish (BLSH) stock experienced a decline of approximately 8% in premarket trading following Q1 earnings that did not meet Wall Street’s expectations for both EPS and revenue. The adjusted EPS loss of -$3.85 significantly missed the consensus estimate of
MoreTLDR Drones are replacing traditional military roles like snipers and spotters, driven by lessons from the Ukraine war AeroVironment reported record revenue of $820.6 million for fiscal 2025, up 14.45% year-over-year, backed by Pentagon contracts Palantir posted $1.63 billion in
MoreTLDR (SeaPRwire) – Coinbase stock falls amid Hyperliquid initiative that increases USDC’s onchain presence. COIN trades around $201 as Coinbase strengthens USDC integration with Hyperliquid. Coinbase assumes role of Hyperliquid’s USDC treasury deployer as USDH transition begins. USDC gains
MoreTLDR (SeaPRwire) – T3 FCU seizes $450M as global crackdown on crypto crime intensifies Tether, TRON and TRM Labs freeze $450 million in illicit crypto assets T3 FCU enhances fight against blockchain crime with $450M in frozen funds Tether
MoreTLDR Ondas reported first-quarter 2026 revenue of $50.1 million, marking an over 1,000% increase compared to the same period last year and surpassing estimates by $10.76 million. The company increased its full-year 2026 revenue guidance to a minimum of $390
MoreTLDR POET surged over 24% in premarket trading Thursday after announcing a supply deal with Lumilens. Lumilens placed an initial $50M purchase order for POET’s Electrical-Optical Interposer (EOI) engines. The deal could reach $500M in cumulative purchases over five years.
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