24/7 Blockchain industry dynamics and breaking crypto news
The U.S. ITC has initiated a 337 investigation into specific DRAM devices and downstream products, naming Samsung, Google, and NVIDIA among others. The probe focuses on potential patent violations, with outcomes likely impacting global semiconductor supply chains.
Read MoreAXON Finance, an AI-native Layer 1 blockchain project, has raised $2M in strategic funding. The capital will launch its AI-powered copy trading engine for US stocks, leveraging its L1 settlement and account abstraction technology, with backing from institutional investors.
Read MoreParadigm founder Matt Huang announced on July 16 that Katie Biber has been appointed Chief Operating Officer while continuing as Chief Legal Officer. Huang praised Biber's expertise in legal policy and operational management, highlighting her role in strengthening the company's leadership. This dual appointment underscores Paradigm's focus on strategic execution.
Read MoreGMGN data shows CASHCAT's market cap fell below $100 million on July 16, currently around $96.49 million with a 24-hour drop exceeding 30%. This sharp decline raises concerns about the project's stability.
Read MoreThe USTR imposed 25% tariffs on certain Brazilian goods following a Section 301 investigation, citing unfair practices in digital trade and intellectual property. Beef and coffee are exempt. The US stated it remains open to negotiations to resolve longstanding issues.
Read MoreTanzania's central bank is developing a regulatory framework for cryptocurrencies and stablecoins to combat money laundering, terrorist financing risks, and protect investors, especially the youth. This move expands the country's oversight of digital financial services.
Read MoreSouth Korea's Financial Services Commission has proposed revised rules to include crypto assets transferred by telecom fraudsters in victim compensation schemes. The draft specifies refund methods and valuation standards for cryptocurrencies, aiming for faster and fairer settlements in complex cases. The regulations are set to take effect on October 1.
Read MoreGlacis Labs, an infrastructure project focused on cross-chain asset liquidation, has closed a $6.8 million seed round led by Lightspeed Faction. Franklin Templeton and Coinbase Ventures were among the participants. The funding will accelerate protocol development for a more secure and efficient cross-chain settlement layer.
Read MoreThe Claynosaurz NFT project launched an animated short on Amazon Prime Video, triggering a major price surge. Its floor price jumped 43% in 24 hours, peaking at 24 SOL, demonstrating how mainstream media exposure can drive Web3 asset value.
Read MoreCoinbase International Exchange is launching perpetual futures contracts for the DRAM and SOXL ETFs, expanding its derivatives offerings. The new contracts cater to growing investor interest in semiconductor and memory market exposure.
Read MoreBlackRock CEO Larry Fink expresses optimism for markets over the next year, citing technology-driven profit margin expansion. He notes manageable financial system leverage but cautions on localized risks. Fink observes the crypto market has stabilized following leverage reductions, while highlighting BlackRock's own efficiency gains through tech adoption.
Read MoreBase co-founder Jesse Pollak reflects on the platform's journey, admitting the failed bet on social and creator tokens. Base is now pivoting core resources to trading, payments, and agency, with the Base App returning to Coinbase under Cobie's leadership for further refinement.
Read MoreOn-chain data reveals a major whale has been accumulating crypto assets. It withdrew 50 WBTC from Binance 8 hours ago, bringing its total WBTC holdings to 300. Combined with nearly 50K ETH, its portfolio value now exceeds $103 million, with over $11 million in unrealized profit.
Read MoreThe US Central Command announced the conclusion of a new round of nighttime strikes against Iran on July 15. The operation targeted key Iranian military facilities, including command centers and missile sites, aiming to reduce threats to shipping in the Strait of Hormuz. Precision-guided weapons were used in locations such as Bandar Abbas.
Read MoreIran's Revolutionary Guards declared a focus on destroying US 'offensive infrastructure' in the region and warned against a prolonged conflict. Shortly after, Kuwait reported intercepting Iranian drones, and Bahrain issued air raid sirens, indicating a rapid escalation of tensions.
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