24/7 Blockchain industry dynamics and breaking crypto news
Prominent tech analyst Dan Ives is leaving Wedbush Securities to launch a new financial firm focused exclusively on artificial intelligence. The venture will combine research, advisory, capital raising, and investment services to address the structural shifts brought by AI.
Read MoreSources reveal Iran proposed phased implementation of the understanding in Doha talks, prioritizing unfreezing overseas assets for food supplies. Iran also stressed Strait of Hormuz jurisdiction, non-proliferation commitments, and condemned Israel's military presence in Lebanon as undermining the agreement.
Read MoreSpaceX has showcased an early-stage prototype of a handheld AI device to investors. The slim device runs a proprietary OS, integrates xAI technology, and utilizes a Qualcomm chip. The company cautioned that the design is fluid and commercial release is not guaranteed.
Read MoreOn July 2, the Fed's overnight reverse repo (RRP) usage plummeted 96% from $26.9 billion to just over $1 billion. This sharp contraction signals potential shifts in short-term liquidity conditions or changing market expectations toward monetary policy.
Read MoreUS-Iran talks in Doha focus on persuading Iran to drop Strait of Hormuz transit fees. American officials argue that lifting sanctions would bring Iran 100 times more revenue than toll collections, highlighting a strategic trade-off between short-term gains and long-term economic recovery.
Read MoreMicron Technology announced a $250 million investment in the "Trump Account," which the former president hailed as a policy triumph. The funds aim to support American children's financial security and opportunities, sparking debate on corporate social investment.
Read MoreFed Governor Waller stated that reducing the central bank's large balance sheet remains necessary but will proceed cautiously with clear communication. He emphasized that interest rate policy is the primary tool and expressed openness regarding the balance sheet's ultimate size, noting its current scale carries a fiscal policy dimension.
Read MoreAn idled aluminum smelter in Missouri will partially restart production by year-end, adding 75,000 metric tons of annual capacity. The operator cites Trump-era import tariffs as a key factor in the decision, highlighting efforts to revive domestic manufacturing.
Read MoreJust two weeks after Wash became Fed Chair, White House adviser Hassett publicly questioned the need for rate hikes, warning it would be a macroeconomic mistake amid supply-driven growth. His remarks reveal ongoing White House scrutiny of monetary policy, highlighting underlying tensions despite Trump's earlier promises of greater autonomy for the new chair.
Read MoreOn July 2, the Dow Jones Industrial Average reached a new intraday record high, rising 0.79%. This milestone reflects growing market optimism about economic conditions.
Read MoreSenator Elizabeth Warren calls for urgent legislation to prevent former President Trump from using cryptocurrency gains for political financing. She warns that current regulatory gaps could allow digital assets to become a new channel for political funds.
Read MoreU.S. manufacturing activity expanded for a sixth consecutive month in June, though at a slightly slower pace. A key relief came from a sharp cooling in input cost inflation, with the prices index recording its largest monthly drop in nearly a year, easing pressure on the sector.
Read MoreFed Chair Walsh has invited former Bank of England Governor Mervyn King to co-lead a new communications working group, signaling a major review of how the central bank conveys policy outlook to the public and investors. King's crisis-era experience is expected to reshape Fed messaging.
Read MoreUN Secretary-General Guterres warns that uncontrolled AI development without global rules risks outcomes beyond human control. He urges immediate governance action and introduced a new UN scientific panel's first report, detailing AI's vast potential alongside its significant risks.
Read MoreThe US has opted against renewing the USMCA, choosing instead to conduct annual reviews and negotiations. While the pact remains in force for a decade, this shift introduces periodic reassessment of key rules and tariffs, creating sustained uncertainty for North American supply chains in automotive, agricultural, and energy sectors.
Read More