24/7 Blockchain industry dynamics and breaking crypto news
Fed 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.
Read MorePresident Trump stated that negotiations with Iran and its denuclearization process are progressing well, signaling potential diplomatic progress in the longstanding nuclear dispute.
Read MoreStrive CEO Matt Cole stated that SATA will no longer automatically issue new tokens at the $100 price point by default. The core goal of pegging to $100 and reducing long-term volatility remains, but future issuance decisions will be flexible, based on market conditions and data like short interest, to safeguard shareholder interests.
Read MoreU.S. employers announced 45,849 layoffs in June, marking the lowest monthly figure since December. This represents a 4.5% decrease compared to the same period last year. Year-to-date layoffs total 443,604, indicating a degree of stability in the labor market.
Read MoreFollowing the release of the ADP employment report, the US Dollar Index (DXY) saw a brief decline to around 101.42, indicating a market reaction to softer private payrolls data. Spot gold remained relatively stable near $4024.8 per ounce, suggesting a measured investor response.
Read MoreAmid a broad crypto market sell-off in June, Cathie Wood's ARK Invest deployed over $75 million to aggressively buy crypto-related stocks, including major positions in Coinbase and Circle. This counter-trend move signals strong institutional conviction in core blockchain infrastructure despite short-term volatility.
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