24/7 Blockchain industry dynamics and breaking crypto news
Major crypto-related stocks staged a strong rebound on July 3, with leading firm Strategy soaring nearly 10%. Bitcoin climbed toward $60,000 as market sentiment improved, while Ethereum also gained over 3%.
Read MorePrediction market platform World has launched on Solana, enabling users to trade contracts tied to events like crypto prices and the 2026 World Cup. The non-custodial platform uses Chainlink oracles for on-chain settlement and plans to expand into sports and geopolitics.
Read MoreFederal Reserve Chair Warsh outlined a plan to transition the Fed to real-time data-driven policymaking within 9-12 months. This shift aims to replace reliance on lagging government surveys with synchronous technology tracking economic activity, enabling more precise and timely monetary decisions.
Read MoreOn July 1st, US optical communication stocks faced a broad sell-off. Industry leader Corning led the decline, plummeting 10%. Over a dozen key players, including Lumentum and Marvell Technology, fell more than 2%, signaling potential market concerns over near-term demand or broader economic conditions.
Read MoreU.S. memory chip stocks fell sharply on July 1st, led by SanDisk dropping over 7% and Micron Technology down more than 6%. Other major players including Western Digital and Seagate also declined over 3%, reflecting broad market concerns about near-term demand and sector profitability.
Read MoreFed Chair Jerome Powell notes market consensus against further shrinking the central bank's balance sheet. While he personally favors reduction, he acknowledges this stance is widely known, sparking debate on future monetary policy direction.
Read MoreSpot gold prices staged a powerful breakout, decisively surpassing the key $4080 per ounce level with an intraday gain of 1.84%. This surge through a major technical and psychological resistance level potentially signals the start of a fresh bullish trend, drawing intense market focus on safe-haven assets and future price direction.
Read MoreMeta is reportedly planning to launch a cloud infrastructure business selling AI compute and model access, challenging AWS and Azure. This triggered a sharp sell-off in compute leasing stocks like Nebius and CoreWeave, signaling potential industry disruption.
Read MoreFederal Reserve Chair Walsh indicated that inflation risks have subsided, while delivering a firm message that the central bank remains unwavering in its commitment to the 2% inflation target. This clarifies the policy stance amid evolving economic conditions.
Read MoreSpot gold surged sharply, gaining $20 to break above $4040 per ounce, with a daily rise of 0.83%. COMEX gold also climbed, while the US Dollar Index dipped. This analysis explores the drivers behind the rally and its market implications.
Read MoreNew Federal Reserve Chair Wash advises markets to stop parsing Fed speeches for rate clues and instead focus squarely on economic data. He criticizes forward guidance, arguing it creates confusion. This article analyzes his policy stance and market implications.
Read MoreA U.S. House committee report alleges South Korea maintains discriminatory policies against American companies in digital services, procurement, and regulations. It calls for stronger U.S. action to address what it terms unfair trade barriers.
Read MorePerpetual contracts trading volume surged to a record $77.847 billion in June, according to DefiLlama. The platform also saw Q2 volume hit $190.61 billion, a 73.8% quarterly increase, highlighting robust growth in the decentralized derivatives market.
Read MoreMeta Platforms' stock surged over 8% in pre-market trading. The rally is fueled by reports that the company is building a cloud business to monetize its excess AI computing capacity, turning its massive infrastructure into a new revenue stream.
Read MoreThe UK's National Grid has agreed to a $17.5 billion strategic minority investment in energy technology company Joulent. The capital injection is designed to bolster Joulent's capacity to deliver its existing multi-gigawatt project portfolio, accelerate its project pipeline, and scale up operations, marking a significant move to advance clean energy infrastructure.
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