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An early Binance Life whale, who saw over 5,000x returns, has sold 13.5 million tokens for $9.42 million in two days. After moving 7 million yesterday, they transferred another 3 million to Binance, with 5 million still held on-chain.
Read MoreMINIMAX-W announced a share placement of 35.6 million new A-shares at HK$268 each, representing a discount of approximately 9.89%. The move aims to raise about HK$9.54 billion, sparking discussions on its strategic intentions and potential market impact.
Read MoreByteDance introduced its AI Rack 3.0 megawatt-scale compute system at the OCP China Summit. It features 800V HVDC power and a fully liquid-cooled architecture, with a single rack reaching 500kW. The dual-rack cluster exceeds 1MW total power, supports up to 576 XPU chips, and doubles compute density and bandwidth compared to its predecessor.
Read MoreNew Hampshire's Executive Council blocked a proposal to issue $100 million in municipal bonds backed by Bitcoin. This pioneering attempt to link crypto assets with public finance highlights regulatory caution over using volatile digital assets as collateral.
Read MoreThe Wall Street Journal reports that OpenAI executive Fidji Simo will step down from her current role and transition to a part-time advisor position. This leadership change may signal strategic or organizational shifts within the AI company.
Read MoreIsraeli PM Netanyahu declared Israel will not allow Iran to obtain nuclear weapons, regardless of international agreements. Concurrently, Israel unveiled a decade-long defense enhancement plan, allocating an additional $117 billion to modernize its air force and bolster domestic defense industries, signaling a more assertive security posture in the region.
Read MoreSources indicate an updated U.S. cryptocurrency Clarity Act could be released as early as next week. The bill merges work from two key Senate committees to establish a regulatory framework, but critical issues like ethics demands from Democrats remain. It requires 60 votes to advance in the Senate.
Read MoreExplosions heard across multiple Iranian cities on July 9 sparked initial fears of an attack. U.S. officials denied involvement, and Iran later clarified the blasts were caused by its air defense systems activating. The incident highlights heightened regional tensions and the risk of miscalculation.
Read MoreThe Strait of Hormuz, a vital global oil shipping route, is nearing a standstill due to escalating US-Iran tensions. Maritime data reveals a dramatic plunge in commercial traffic, with operators avoiding conflict zones, posing a severe threat to energy trade.
Read MoreFed Chair Kevin Warsh has formed five independent working groups to conduct a systematic review of the monetary policy framework. The review will cover areas including balance sheet management, policy tools, and the impact of AI, aiming to ensure the Fed is equipped to meet evolving economic challenges.
Read MoreThe U.S. federal budget deficit reached approximately $1.4 trillion in the first nine months of FY 2026, a $35 billion increase from the same period last year. While revenue grew by 4% to $4.2 trillion, spending rose to $5.5 trillion, highlighting ongoing fiscal challenges.
Read MoreEgyptian sources report that a Hamas delegation in Cairo agreed to transfer Gaza's administrative authority and weapons to the Gaza National Administrative Committee, facilitating peacekeeping operations. This move aims to advance the second phase of the ceasefire agreement.
Read MoreA U.S. official confirmed that technical negotiations regarding Iran's nuclear program are still ongoing. This indicates diplomatic engagement continues despite public disagreements, with Washington seeking dialogue-based solutions.
Read MoreThe U.S. Dollar Index showed weakness in recent trading, closing at 100.904 with a 0.09% daily decline. This subtle shift suggests market reassessment of economic data or policy outlook, prompting close watch on whether the dollar's strength is moderating.
Read MoreUS Commerce Secretary Raimondo urges Samsung and SK Hynix to boost memory chip production in the US to address global shortages driven by AI growth. She confirmed talks with the Korean firms, stating that increased competition will strengthen America's semiconductor supply chain, despite potential concerns from domestic player Micron.
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