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The LIT token price surged past $2.75, marking a nearly 14% gain within 24 hours. This significant rally is closely tied to a major token burn event where over 15.6 million LIT were permanently removed from circulation, boosting market sentiment and scarcity expectations. Investors should monitor developments closely amid ongoing volatility.
Read MoreOn July 11, Lighter announced the permanent removal of 15,638,702 LIT tokens from circulation through a burn event. This significant token reduction is part of the project's deflationary mechanism, directly impacting total supply.
Read MoreJuly 11th developments spotlight geopolitics and tech. Middle East diplomacy sees US-Qatar talks and US-Iran 'tactical pause' amid tensions. Ukraine reports military gains. In tech, Chinese firms may gain access to Nvidia's advanced AI chips, while Musk outlines Mars and Moon colonization timelines.
Read MoreBinance Futures has launched the SKHY/USDT perpetual contract, offering up to 50x leverage with USDT settlement and 24/7 trading. This article explores the contract's features, leverage mechanics, and potential market impact for traders.
Read MoreIn response to Apple's lawsuit, OpenAI issued a statement firmly denying any interest in other companies' trade secrets. The AI firm reiterated its commitment to focusing on its own innovative technology development, drawing a clear line between competition and its core mission.
Read MoreA divergent week for metals: spot gold fell 1.5%, breaching key support, while silver saw sharper losses. In contrast, COMEX copper futures gained nearly 1.9%, highlighting the split between safe-haven and industrial metals. We analyze the key drivers behind the moves.
Read MoreCME FedWatch data indicates a 66.3% probability the Fed holds rates steady in July, with a 33.7% chance of a 25-bps hike. The September outlook shows greater uncertainty, with probabilities split between a pause, a 25-bps hike, and a 50-bps hike, reflecting market debate on future tightening.
Read MoreIran's Foreign Ministry spokesperson criticized the U.S. for repeatedly violating a bilateral memorandum just 22 days after its signing, including through military strikes and new sanctions. He stated that treaty breaches are a consistent pattern in U.S. foreign policy.
Read MoreThe Trump administration has reportedly demanded Iran publicly pledge by Saturday to cease firing on commercial vessels in the Strait of Hormuz and confirm the waterway remains open. US officials view recent Iranian attacks as breaching prior agreements, jeopardizing the fragile truce. Washington warns of further action if Tehran refuses.
Read MoreU.S. officials report that Iran privately admitted the recent ship attacks in the Strait of Hormuz were an "internal mistake" by hardline factions. Iran seeks to continue negotiations, but the U.S. demands public acknowledgment of the error and warns of military and economic consequences if hostilities persist. Talks are scheduled in Oman amid heightened tensions.
Read MoreIsrael has reportedly halted sensitive military operations in southern Lebanon at the US's request, aiming to prevent regional escalation. The move comes as Washington focuses on Iran tensions. The order remains in effect pending US-Iran relations and Israel-Lebanon negotiations.
Read MoreBlockchain data reveals Galaxy Digital transferred 2500 BTC worth $160 million, primarily to exchanges, within an hour. This major institutional move has sparked speculation about potential market strategy shifts and their impact on Bitcoin's price trajectory.
Read MoreCFTC Chair Mike Selig endorsed the CLARITY Act, stating clear crypto rules are critical for U.S. leadership. The bill aims to define regulatory roles and establish a comprehensive framework for digital asset markets, reducing uncertainty for innovation.
Read MoreIran's Foreign Ministry spokesperson has denied claims that Iran sought negotiations with the U.S., stating it only agreed to visits by mediators. The statement clarifies Tehran's position and highlights the diplomatic gap between the two nations regarding dialogue resumption.
Read MoreU.S. bank deposits climbed to $19.435 trillion, adding roughly $53 billion in a week. This notable rebound offers insights into liquidity shifts, depositor sentiment, and the broader financial landscape amid evolving economic conditions.
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