24/7 Blockchain industry dynamics and breaking crypto news
South Korea's benchmark KOSPI extended gains for a fifth session, briefly topping 7000 points as tech stocks surged following US market trends. Foreign investors fueled the rally while semiconductor giants like SK Hynix led the advance, with weekly gains exceeding 11%.
Read MoreGemini posted a $107.7M net loss in Q2, marking its fourth consecutive quarterly loss. However, revenue grew 37% year-over-year to $45.5M, beating expectations. The digital asset platform navigates a challenging crypto market while balancing growth and profitability.
Read MoreEthereum Foundation researchers announce plans to replace the Poseidon hash algorithm with SHA or BLAKE variants. This strategic pivot aims to strengthen post-quantum cryptography defenses, marking a critical evolution in Ethereum's long-term security architecture against emerging quantum computing threats.
Read MoreInstitutional investor Forward Industries has resumed purchasing SOL, adding 254,000 tokens at an average price of $75 in late July to early August. This brings its total holdings to over 7.8 million SOL, reinforcing its position as the largest institutional holder and signaling strong confidence in the Solana ecosystem.
Read MoreU.S. Treasury Secretary Bassant announced plans for "unprecedented" sanctions against Iran on August 13. The new strategy combines severe economic isolation with a sustained blockade of the Strait of Hormuz to cut off all maritime access to Iranian ports. Further details are expected next week, signaling a major escalation with potential global ramifications.
Read MoreIran's Revolutionary Guards Navy commander declared the Strait of Hormuz is closed, asserting full Iranian control. He stated all movements are monitored and truth is determined on the battlefield, not by U.S. announcements, escalating regional tensions.
Read MoreThe US announced a multinational drone task force and plans to deploy an aircraft carrier to the Middle East. Iran responded by reiterating its closure of the Strait of Hormuz and drawing a "red line," warning of escalated conflict if demands aren't met. Experts warn regional security risks are sharply increasing.
Read MoreOvernight crypto developments saw DeepSeek open-source a key AI model and Tether release a positive independent audit. Regulatory focus intensified with SEC and CFTC moves on tokenization and oversight. Binance expanded tokenized stock offerings, while Nakamoto reported unrealized losses on its Bitcoin holdings amid geopolitical concerns.
Read MoreLatest data from the CME FedWatch Tool shows the market widely expects the Federal Reserve to hold rates steady at its September meeting, with a probability of around 65.2%. The chance of a 25-basis-point hike stands at 34.8%. Expectations for October's path show greater uncertainty.
Read MoreFed's Goolsbee and Barkin signal a dovish shift, citing improving inflation data and the likely fading of temporary price pressures like tariffs. Their stance contrasts with hawkish calls for immediate hikes, suggesting the tightening cycle may be nearing its end.
Read MoreOpenAI's annualized revenue reportedly exceeds $40 billion, doubling from late 2025. Growth is driven by AI coding tools, subscriptions, and new ad revenue. The firm is fiercely competing with Anthropic for enterprise clients, with both having confidentially filed for IPOs, signaling a new phase in the AI industry.
Read MoreBitwise's CIO argues that the market holds two critical misconceptions about DeFi: its target is the multi-trillion-dollar global asset market, not just crypto, and its fee-capturing potential is barely tapped. Leading protocols possess far greater TAM and pricing power than realized.
Read MoreThe US imposes new tariffs ranging from 10% to 100% on imported drones and components, citing national security. Rates vary based on drone size, functionality, and origin. High-sensitivity models face the steepest duties, reshaping global supply chains and market dynamics.
Read MoreThe Federal Reserve will pause Treasury bill purchases for reserve management over the next month, signaling that banking system reserves are deemed adequate. While government cash balances may drain some liquidity, ongoing reinvestments show confidence in smooth market functioning.
Read MoreRobinhood Chain's TVL is nearing $1 billion just weeks after launch, making it one of the fastest-growing blockchains. Nearly all its liquidity comes from Uniswap, now the largest driver of UNI token burns, as Robinhood expands into crypto and tokenization.
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