Blockchain Industry Updates & Privacy News
The semiconductor sector is witnessing a powerful rally. Micron Technology's stock surged over 7%, pushing its market value past $900 billion. Qualcomm, a leader in mobile chips, also saw significant gains, jointly driving strength in the tech sector.
Read MoreSpot gold prices continued to climb, successfully breaking through the key resistance level of $4730 per ounce with a 0.3% intraday gain. This movement is driven by rising safe-haven demand and a weaker US dollar.
Read MoreAI startup Ciridae has raised $20M in seed funding led by Accel. The company focuses on rebuilding operational systems with AI for traditional, offline U.S. mid-market businesses in sectors like construction and industrial services, bridging the digital divide for core industries.
Read MoreWhite House advisor Hassett suggests Fed Chair Powell may depart after his term ends, potentially following the Inspector General's report on building renovations. He indicates Powell could view a satisfactory report as a natural exit point, sparking speculation about leadership continuity at the central bank.
Read MoreBNY Mellon is set to launch a regulated, institutional-grade digital asset custody service in Abu Dhabi Global Market. The initiative aims to provide secure, scalable solutions, starting with Bitcoin and Ethereum, with plans to expand to a wider range of regulated digital financial products.
Read MoreIran's military has deployed deep-diving submarines in the Strait of Hormuz, a critical global oil shipping route, as reported by Tasnim News Agency on May 11. This move is seen as a significant step to enhance Iran's maritime defense capabilities in a geopolitically sensitive region.
Read MoreA major crypto investment entity significantly increased its Ethereum holdings last week, adding over 26,600 ETH. Its total ETH stash now exceeds 5.2 million, representing 4.31% of the total supply, within a diverse $13.4 billion portfolio.
Read MoreTether has executed a substantial minting of 1 billion USDT on the Tron blockchain. This significant injection of stablecoin liquidity raises questions about its strategic purpose and potential impact on the broader cryptocurrency market dynamics.
Read MoreSoftBank's Masayoshi Son is reportedly planning multibillion-dollar investments, signaling a potential strategic shift. This move could reshape global tech investment landscapes, with particular focus on emerging technologies and artificial intelligence sectors.
Read MoreThe Ronin network is undergoing a monumental upgrade, transitioning from an independent sidechain to an Ethereum Layer 2. This overhaul introduces OP Stack architecture, revamps tokenomics with drastically reduced inflation, and adjusts fees to enhance security and scalability. A 10-hour network outage is expected during the migration.
Read MoreBitcoin has surged past the $81,000 mark, currently trading at $81,012.81 with a modest 24-hour gain of 0.07%. Significant market volatility underscores the need for investors to exercise caution and implement robust risk management strategies.
Read MoreBitcoin surged past $80K in May, driven by strong spot demand, not leverage. Institutional ETF inflows and public market purchases are key drivers. Long-term holders are accumulating BTC at a record pace, significantly reducing circulating supply and supporting prices amid macro uncertainty.
Read MoreKuaishou is reportedly planning to spin off its advanced AI video generation model "Kling" as a separate entity, targeting a valuation of $20 billion. This strategic move aims to accelerate its commercialization and expand its market reach.
Read MoreAlibaba Cloud introduces team-based Token service packages, integrating over ten multimodal AI models like Qwen3.6 and Kimi-K2.6. The service supports multi-seat management, tiered plans, and compatibility with major agent tools for streamlined AI deployment.
Read MoreThe central bank's latest report reaffirms a moderately accommodative monetary policy stance, emphasizing flexibility and forward guidance. It highlights using diverse tools to maintain ample liquidity, guide financing costs lower, strengthen structural support for key sectors like tech and SMEs, improve the exchange rate mechanism, and prevent systemic financial risks.
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