Global oil shock fuels persistent inflation; oil prices stay above $100 amid stalled US-Iran talks and Strait of Hormuz blockage, Bloomberg Economics says.

Iran plans to implement fees for submarine internet cables connecting the Persian Gulf, Europe, and Asia, according to Ebrahim Zolfaghari, spokesperson for Iran's central military command. CNN reports that Iranian state media have issued vague threats of potential traffic disruptions if companies do not adhere to payment requirements.

📊 CZ: All of Us Should Have Thousands of AI Agents On May 12, 2026, Binance founder CZ stated on the PBD Podcast that currency won't just be for humans anymore—AI agents are coming, and everyone should have thousands working for them. He noted that future user metrics will likely need to combine both humans and AI agents. CZ also shared that Binance currently pays around $10 million per month in AI fees. He has encouraged the team to deploy AI further into risk monitoring, risk control, and compliance, but believes current AI models still lack the sufficient training and data required for these specific sectors. #regulation

🌌🔥 MORE PROJECTS NOW ONLINE ON PHANTASMA 🔥🌌 We would like to announce that Pavilion and the new NFT marketplace project QYNK are now also ONLINE on Phantasma! 🚀⛓️ The ecosystem continues expanding with new platforms, new experiences, and powerful new infrastructure entering the network. ⚡🧠 🟣 Pavilion — ONLINE

app.pavillionhub.com

🟣 QYNK NFT Marketplace — ONLINE

pha.qynk.io

A new era for builders, creators, collectors, and Web3 communities has arrived. 🌠