24/7 Blockchain industry dynamics and breaking crypto news
Microsoft is reportedly preparing to announce a new round of job cuts next week. The reductions are expected to affect less than 2.5% of its global workforce. While specific departments and regions remain unclear, this move aligns with broader tech industry trends toward operational optimization.
Read MoreThe EU's Markets in Crypto-Assets Regulation takes effect July 1, requiring crypto service providers to obtain licenses. Approximately 80% of Europe's 3,000 unlicensed platforms may shut down, potentially forcing over 10 million users to migrate to compliant alternatives.
Read MoreCircle's stock fell over 16% after Open Standard announced OUSD, a new stablecoin backed by Visa and BlackRock. While fears of competition with USDC drove the sell-off, analysts see it as overdone, citing Circle's first-mover advantage and robust ecosystem as key strengths.
Read MoreAI chip startup Etched has raised a total of $800 million, reaching a $5 billion valuation. A $500 million round closed in December attracted top AI investors including Geoffrey Hinton and Fei-Fei Li.
Read MoreA senior White House official told Politico that the U.S. Commerce Department is expected to lift export controls on Anthropic's Fable AI model on June 30th. This move would allow the advanced model to be accessed outside the United States, significantly impacting the global AI landscape.
Read MoreMichael Burry, the investor portrayed in “The Big Short,” has revealed new short positions targeting the AI and semiconductor sectors, including Tesla and NVIDIA. He views the area as overvalued and is hedging accordingly, sparking significant market debate.
Read MoreJefferies reports the US CLARITY Act faces a critical Senate test, with upcoming legislative moves likely to heighten crypto market volatility. Passage could establish a clear regulatory framework, accelerating institutional adoption, while delays prolong uncertainty. Crypto-related stocks like Circle and Coinbase remain sensitive to the bill's progress.
Read MoreGrayscale research highlights Solana's transformation into a high-throughput blockchain supporting over 1000 applications, processing over 100 million daily transactions in 2024. Its diverse ecosystem spans DeFi, social, and DePIN, generating significant on-chain value and user activity, positioning it as a foundational layer for next-generation applications.
Read MoreIn a recent interview, Israeli PM Netanyahu praised recent military achievements but stated the fight against Iran and its allies is "never-ending." He claimed threats have been weakened but tasks remain, asserting that only sustained military strength ensures survival and potential alliances in the volatile Middle East, without naming specific countries for peace deals.
Read MoreA U.S. official confirms that $6 billion in promised unfrozen Iranian assets has not been disbursed. Payment is strictly conditional on Iran meeting specific commitments, with funds to be released in small, phased transfers rather than a lump sum, highlighting the stalled negotiation dynamics.
Read MoreCircle CEO Jeremy Allaire highlights stablecoins as a core opportunity in internet-driven financial infrastructure. He states USDC remains the most trusted institutional stablecoin globally, with plans to expand its ecosystem through multi-chain support, enhanced interoperability, and broader product services, while welcoming market competition.
Read MoreChip stocks delivered their best quarterly performance ever in Q2, fueled by AI infrastructure demand. However, recent volatility and a sharp sell-off have raised questions about whether the AI-driven rally can be sustained, prompting analysts to reassess the market's foundations.
Read MoreOpen Standard unveils Open USD, a new stablecoin backed by over 140 institutions including Visa, BlackRock, and Coinbase. Designed for zero-cost issuance, revenue sharing, and decentralized governance, it aims to become a foundational infrastructure for global corporate payments.
Read MoreNVIDIA shareholders have approved a pivotal proposal to change corporate voting requirements from a supermajority to a simple majority standard. This governance overhaul aims to streamline decision-making and could significantly impact future strategic moves.
Read MoreThe U.S. Dollar Index closed slightly higher at 101.187, marking a modest 0.08% gain for the session. This marginal uptick reflects nuanced market sentiment amid evolving economic cues and policy outlooks, drawing attention to its broader currency market implications.
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