24/7 Blockchain industry dynamics and breaking crypto news
Bitcoin miner fee revenue has plunged to just 0.71% of total income, nearing historic lows. The network's hashrate has also dropped 23% from its peak. This signals weak demand for block space, forcing miners to rely almost entirely on block subsidies. Analysts view this as a sector adjustment, not a capitulation.
Read MoreCerebras Systems' stock plunged over 17% in pre-market trading after the AI chipmaker reported disappointing Q2 revenue, missing analyst expectations. The sharp decline highlights market sensitivity to growth metrics in the competitive AI hardware sector.
Read MoreCryptoQuant's founder reveals ETFs and digital asset firms are now the main structural buyers in Bitcoin's bull cycle, replacing traditional exchange traders. While deleveraging is underway, futures leverage remains above pre-ETF levels and may rise again with sustained institutional inflows.
Read MoreOn-chain data reveals a whale address linked to Paxos has been offloading Bitcoin aggressively. In the latest move, 800 BTC worth ~$50.7M were sold. Over two months, this entity has dumped 2,500 BTC totaling ~$154M, raising questions about smart money sentiment and near-term BTC price direction.
Read MoreBinance will launch six new USDT-margined perpetual contracts covering Hong Kong and South Korean stocks, including InnoLight and Samsung Electro-Mechanics. All contracts support up to 20x leverage, multi-asset mode, and 8-hour funding rate settlements, expanding access to traditional financial markets.
Read MoreCitadel Securities highlights a structural shift in US equity markets. Record passive ETF inflows, renewed corporate buybacks beyond tech, and returning retail investors are tilting capital asymmetry toward buyers, with August emerging as a key liquidity window.
Read MoreOn August 13th, Japanese and South Korean stock markets closed significantly higher. The Nikkei 225 rose 1.16%, while the KOSPI surged 3.21%. Tech giants like Samsung Electronics and SK Hynix led the rally, boosting overall market sentiment.
Read MoreAnthropic, the AI startup, is reportedly targeting a fall IPO with a valuation projected to reach $2 trillion, potentially setting a new record. Its explosive revenue growth, driven by demand for advanced AI models, is fueling this astronomical valuation expectation.
Read MoreOn August 13th, Lenovo Group's Hong Kong-listed stock experienced a sustained and sharp rally in the afternoon session, surging over 20%. The market is focusing on potential catalysts, which may include recent financial results, AI business developments, or broader market sentiment shifts.
Read MoreBlockchain analysis reveals the North Korean Lazarus Group transferred 262.2 BTC, worth $16.64M, likely for laundering purposes. The group still holds over $73M in crypto assets, primarily in BTC, USDT, and ETH.
Read MoreSouth Korea's central bank made its first gold-related investment in 13 years, purchasing $250 million in a gold ETF to hedge against uncertainty. Analysts see room for further increases as its gold allocation remains low compared to global peers.
Read MoreA crypto whale address labeled "TLBL" suffered two major hacks within three years, losing over $50 million. Security analysis reveals different attack methods but points to the victim's lack of security awareness as the core issue, including not changing wallets after the first breach and lowering guard after partial refunds.
Read MoreBitcoin has broken through the $64,000 resistance level, currently trading at $64,000.4 with a 0.29% gain in 24 hours. Amid heightened market volatility, this article examines the price action and offers essential risk management guidance for traders.
Read MoreJapanese PM Sanae Takaichi reportedly supports a near-term interest rate hike by the Bank of Japan, with a potential move in September or October. The aim is to address yen weakness fueling domestic inflation and reinforce recent joint currency intervention efforts, targeting stable 2% inflation. The government stresses close coordination while respecting BOJ independence.
Read MoreOn August 13, the USD/JPY pair experienced a sharp intraday drop of nearly 30 pips to 159.36. Market rumors suggest the Bank of Japan may raise interest rates in September or October, fueling volatility and boosting the yen's short-term strength.
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