BREAKING: Iran is demanding a fee of 7% on all commercial ships passing through the Strait of Hormuz, with Chinese and Russian vessels exempt from the fee, while Oman is discussing smaller fees of around 3% and the US wants no fees at all, per Reuters and an Iranian source.
A senior Iranian official says the proposed deal gives Iran control over ships entering the Gulf through the Strait of Hormuz, and is "one of the biggest concessions yet to Iran," meaning "the war launched by the United States and Israel in February had resulted in a major shift in the balance of regional power in Tehran's favour."
Another Iranian source however cautions that "the devil is in the details" and that "a single tweet from Trump could cause the whole thing to collapse."
(1/8) Keeta has partnered with @LayerZero_Core to bring tokenized commercial bank money to major blockchains.
Together, we’re the first to combine regulated, compliance-native infrastructure with omnichain interoperability, enabling financial institutions to move bank-grade money across any ecosystem.
(1/5) Keeta now supports x402.
x402 is an open, HTTP-native payment standard built around the 402 Payment Required status code by @CoinbaseDev. It lets any API or endpoint charge for access, per request, per token, or per call, without accounts, API keys, or subscription billing.
Below is a breakdown of how it works on Keeta.
(1/6) Keeta’s integration with Visa Direct adds instant withdrawals, deposits, and global payouts.
Below is a breakdown of how this improves speed and global reach for Keeta Network.
The US unemployment rate is set to rise further:
11% of US small businesses reported "poor sales" as the single most important problem in February, near the highest since 2020.
This ranks as the 4th-most cited problem, behind only taxes, quality of labor, and inflation.
The percentage has tripled over the last 3 years and is now in line with past recession levels.
Historically, this has been a leading indicator of rising unemployment, as small firms are the largest employer in the economy.
This suggests the unemployment rate could surge above 5% over the next several months, from the current 4.4%.
That would be the highest level since mid-2021, amid the pandemic recovery.
Small businesses are struggling.