24/7 Blockchain industry dynamics and breaking crypto news
Iran's Foreign Ministry accuses the US of violating a bilateral memorandum by challenging Strait of Hormuz security provisions and conducting "aggressive attacks," asserting the deal was built on "commitment for commitment" rather than mutual trust. Iran vows to defend its sovereign interests.
Read MoreFederal Reserve officials raised their inflation projections for 2023 and 2024, citing concerns that prolonged above-target price growth could destabilize expectations and influence wage-setting behavior. The minutes indicate core inflation is likely to remain elevated through year-end.
Read MoreThe Fed's June meeting minutes reveal heightened concerns over inflation, shifting the policy focus from "when to cut rates" to "whether to hike." Stubborn core price pressures have dampened market expectations for easing, with some officials eyeing potentially higher rates by year-end.
Read MoreThe latest Fed minutes highlight the Middle East conflict as a major driver of global inflation, pushing up energy and producer prices. In response, central banks like the ECB have raised rates, with most signaling further tightening is needed to prevent secondary inflationary effects, despite weak growth outlooks.
Read MoreThe Fed's June meeting minutes reveal a sharp policy split. Some officials see room for rate cuts if inflation eases, while others warn hikes may still be needed. Future moves will depend entirely on incoming economic data.
Read MoreIran's Foreign Ministry spokesperson stated that the country's memorandum of understanding with the U.S. is not based on trust, but on a clear "commitment-for-commitment" mechanism. This highlights the pragmatic, procedural nature of current bilateral interactions.
Read MoreOpenAI introduces GPT-Live, a next-gen voice model using full-duplex architecture for simultaneous listening and speaking. With GPT-Live-1 and GPT-Live-1 mini versions launching, it aims to enhance real-time interaction for ChatGPT's massive weekly user base.
Read MoreThe US 10-year Treasury note auction on July 9 yielded 4.580%, the highest level since February 2025. Strong bidding demand, with an elevated bid-to-cover ratio, suggests robust market appetite despite rising yields, highlighting shifting investor sentiment.
Read MoreThe Fed's June meeting minutes show all officials agreed to hold rates steady, while expressing broad concerns over persistent inflation. Most noted that further policy tightening might be needed if price pressures don't ease, though some saw reasons for a hike.
Read MoreElon Musk has revealed new developments for the Grok AI model. The team is continuously optimizing the 1.5T base model, while the larger 2T parameter model is expected to complete training this month, with plans to begin offering it to customers next month.
Read MoreOn July 9th, U.S. stocks saw sharp volatility. The Nasdaq Composite staged a dramatic intraday reversal, erasing an early loss of over 1% to close in positive territory, while the Dow Jones and S&P 500 remained lower.
Read MoreUS Central Command confirms over 20 warships are patrolling key Middle Eastern waters, a significant deployment amid heightened tensions following military exchanges with Iran near the Strait of Hormuz. The US claims retaliation for Iranian attacks and signals potential further action.
Read MoreSpaceX AI and Cursor have unveiled Grok 4.5, a new AI model designed for complex, long-running tasks in software engineering, legal, and financial services, featuring enhanced cybersecurity capabilities for specialized professional use.
Read MoreThe Federal Reserve's overnight reverse repurchase agreement (RRP) facility usage dropped sharply to $3.347 billion on July 9, down significantly from $4.484 billion the previous day. This decline highlights shifting liquidity dynamics and may reflect changing market preferences for short-term cash management tools amid evolving monetary policy expectations.
Read MoreTrump recently stated that the global oil market is facing a supply surplus, which he expects to end soon, potentially leading to lower prices. He emphasized the importance of maintaining low oil prices for economic security, sparking discussions on future energy market trends.
Read More