A user said that while traveling across Greece in July 2026, they paid for almost everything using USDC issued on Solana and Sui Network via a Stable Coin Visa virtual debit card. The user said no point-of-sale terminal had compatibility issues. They added that only a few taxi rides required euro cash.

Sugar prices finished higher after Brazil approved an increase in the mandatory blend of anhydrous ethanol in gasoline to 32% from 30%, strengthening incentives to channel more cane into ethanol. WTI crude oil rose more than +1% to a 1month high, adding support by improving ethanol economics. In Brazil’s Center-South, mills have reduced the share of cane used for sugar to 41.42% while lifting the ethanol share to 58.38%. Several forecasters also lowered their 2026/27 global sugar balance outlook, with Czarnikow shifting from a 1.4 MMT surplus to a 100,000 MT deficit.

Coffee futures finished mixed on Tuesday, with ICE arabica down 1.18% and ICE robusta up 0.39%. Prices have found support from delayed harvesting in Brazil, continued lack of rain in key growing areas, and concerns that El Niño could disrupt next year’s flowering. ICE inventory levels also remain a tailwind after reaching fresh multi-year lows. Two ICE margin hikes last week reduced liquidity and amplified swings, while a surge in Vietnam’s exports weighed on robusta.

IBM sent an urgent letter to shareholders eight days before its earnings release, acknowledging a quarterly performance shortfall driven by customers reallocating capital spending toward AI hardware such as servers, storage, and memory, while cybersecurity issues also distracted clients. The disclosure has reignited analyst concerns about a “SaaSpocalypse,” with enterprise software budgets facing broader pressure as AI investment rises. The note also flagged that Palantir and ServiceNow (ONUS) could face similar headwinds.

US stocks steadied after data showed April CPI rose 3.5% year over year, below market expectations, pulling Treasury yields lower and supporting a rebound in major indexes. The S&P 500 gained 0.4%, the Nasdaq added 1.1%, and the Dow slipped 0.1%. Gasoline prices continued to climb, reflecting the impact of escalating geopolitical tensions between Iran and the United States on energy costs. IBM shares fell sharply in a separate stock-specific move that did not alter the inflation-led macro trading focus.

IBM reported preliminary second-quarter results showing revenue of roughly $17 billion, up 1% year over year but well below the $18 billion analysts expected. Adjusted earnings per share came in at nearly three dollars, also below the roughly three dollar consensus. Software and infrastructure revenue missed forecasts, consulting was essentially flat, and infrastructure revenue fell 7%. IBM said cumulative AI bookings have surpassed $12 billion, but pointed to large deals that did not close and late-quarter customer purchasing shifts as drivers of the shortfall.

U.S. cotton futures traded higher Tuesday, led by Oct 26 Cotton up 114 points to 80.97 cents/lb. USDA Crop Progress showed 22% of the crop setting bolls, in line with the 5-year average, while good/excellent ratings slipped to 44% and Texas ratings fell 7 points. ICE certified cotton stocks fell 5,842 bales to 121,258 bales. The Cotlook A Index held at 90.70 cents as the Adjusted World Price rose 92 points last week to 62.86 cents/lb.

Comex gold and silver prices rebounded. The move followed U.S. inflation data that came in below expectations, easing market concerns about further Federal Reserve rate hikes. The article focuses on intraday moves in precious metals and the macro drivers behind them, and does not cover individual stocks, crypto assets, or policy details.