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On-chain analysis reveals a whale purchased $30M worth of SK Hynix stock ($SKHX) at an average price of $1,411. As the price rebounded to $1,500, the position has generated over $2M in unrealized profit. Limit sell orders placed near $1,900 suggest a target for $10M total profits.
Read MoreThe latest Fed meeting minutes show heightened concern about inflation. While rates were held steady in June, officials see hikes as possible if price pressures persist. Notably, the AI investment boom is now cited as a new factor that could sustain inflation, joining geopolitics and trade policy in policymakers' calculus.
Read MoreOn July 9, multiple explosions were reported in southern Iran's Bushehr, triggering local air defense systems to intercept aerial targets. Coastal defense systems near Bandar Abbas and Qeshm Island were also activated. Earlier, explosions were heard in Sirik and Chabahar, escalating regional tensions significantly.
Read MorePolymarket is mounting a major comeback in the US through strategic partnerships with MLB, CNBC, and CNN, alongside a large-scale marketing push. The focus is on legitimizing its brand and launching compliant, CFTC-regulated sports prediction markets, marking a pivotal shift after past regulatory challenges.
Read MoreUS-Iran tensions flare with threats to block the Strait of Hormuz, raising global geopolitical risks. Separately, crypto VC Paradigm raised $1.2B to pivot toward AI, while the Fed minutes showed unanimous support for holding rates steady.
Read MoreMarket predictions suggest shipping through the Hormuz Strait may not normalize until 2027. Following the termination of the US-Iran ceasefire, trader outlook has deteriorated sharply, indicating prolonged geopolitical risks for global trade routes.
Read MoreZhipu AI plans to raise approximately HK$31.41 billion through a discounted share placement of 19.78 million shares at HK$1,588 each, representing a 13% discount. The funds will accelerate core AI technology R&D, expand market presence, and strengthen computing infrastructure.
Read MoreTop Republican donor Ken Griffin, CEO of Citadel Securities, has endorsed Marco Rubio over J.D. Vance for a potential 2028 GOP primary. His comments highlight emerging divisions within the party between establishment and anti-establishment factions.
Read MoreAt a press conference, Trump declared himself the "number one target" on Iran's assassination list. He explained skipping the new Air Force One for his return trip, opting for an older model instead, to showcase the new aircraft at European bases and downplayed security concerns.
Read MoreThe mainstream DeFi portfolio tracker Zapper will cease all operations on August 3rd, shutting down its website, app, and API. After nearly seven years of service and reaching 2 million monthly active users, the company deemed an orderly shutdown the best path forward.
Read MoreBlock Inc. has agreed to a $45 million settlement with state prosecutors over allegations that Cash App misled users about security protections and failed to adequately handle fraud. The company must enhance customer service and alter its marketing claims.
Read MoreSK Hynix's US IPO has attracted more than seven times oversubscription, highlighting robust global investor appetite for the memory chip leader. This success underscores confidence in the company and the broader semiconductor sector's growth trajectory.
Read MoreMarket pricing indicates a 69% probability the Fed holds rates steady in July, with a 31% chance of a 25-bps hike. For September, expectations are more mixed, reflecting ongoing uncertainty about the policy path ahead.
Read MoreIranian military sources announced on July 9 that missile and drone units are preparing for imminent large-scale strikes against US military bases across the Middle East. The threat marks a dramatic escalation, raising fears of direct confrontation and regional instability.
Read MoreOn July 9th, U.S. stock indices closed mixed with the Dow and S&P 500 down while the Nasdaq edged higher. Markets showed clear divergence: semiconductors, storage, and computer hardware sectors rallied, led by Broadcom and Nvidia, while some tech giants like Meta and Tesla, along with precious metals and travel services, faced pressure. Sector rotation was evident.
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