24/7 Blockchain industry dynamics and breaking crypto news
South Korean media reports indicate SK Hynix plans a 50% capacity expansion at its NAND flash plant in Wuxi, China. This strategic move aims to strengthen its market position amid rising data storage demands, potentially impacting global semiconductor supply chains.
Read MoreBinance will add a monitoring tag to Moonbeam (GLMR), ICON (ICX), Moonriver (MOVR), SuperRare (RARE), and Sophon (SOPH) based on recent reviews. These tokens may exhibit higher volatility and risk, prompting closer platform surveillance.
Read MoreThe Robinhood-themed token STONKBROKER is approaching a $100 million market cap. An early investor, who bought at a very low average price, is currently sitting on over $400,000 in unrealized profits, representing a staggering return, yet has not sold any holdings.
Read MoreNomura estimates Japan's currency intervention in late July reached ¥14.1 trillion, surpassing April-May levels. The U.S. may have indirectly participated via EUR/JPY trades to avoid conflicting with its strong-dollar stance, signaling coordinated but nuanced efforts to support the yen.
Read MoreCoinbase Global has opened access to its derivatives trading services for professional investors in the UK as of August 11. This move represents a significant step in the exchange's regulated expansion within a key European market.
Read MoreOn August 11, Bitcoin mining and digital infrastructure firm Riot saw its stock surge over 20% in pre-market trading. The rally followed news of a compute power agreement exceeding $9 billion with AI research company Anthropic. This deal highlights the strategic pivot of crypto mining firms into the high-demand AI infrastructure space.
Read MoreFlight tracking service FlightAware has sued prediction market platform Kalshi, alleging unauthorized use of its proprietary flight data and brand name to create markets betting on flight cancellations and delays. The lawsuit claims breach of contract, trademark infringement, and unfair competition.
Read MoreBinance will remove several spot trading pairs, such as APT/BTC and AR/BTC, on August 14, 2026, and terminate related trading bot services. The delisting does not affect token availability, as users can still trade them via other pairs. Adjustments to automated strategies are advised beforehand.
Read MoreMark Zuckerberg advocates for open-source AI, urging the U.S. government to reconsider policies on model distillation and training data usage. He emphasizes protecting the principle that allows AI models to learn from each other during development, challenging current regulatory approaches.
Read MoreOn-chain data reveals FalconX deposited 300 BTC worth approximately $19.18 million into Coinbase on August 11th, in two separate transactions. This sizable movement has ignited analysis regarding institutional capital flows and potential market implications.
Read MoreSouth Korea's early August exports surged 45.3% year-on-year to $21.3 billion, a record high for the period. Driven by global AI demand, semiconductor exports skyrocketed 155.4% to $9.95 billion, accounting for nearly half of total exports and fueling a trade surplus of $1.8 billion.
Read MoreThe UK's FCA is reportedly in talks with industry players to develop a regulatory framework for tokenized gold, aiming to boost market growth. Consultations on its use as collateral in wholesale markets are underway, with further announcements expected soon.
Read MoreAave V4 now supports Pendle's PT Looping strategy, allowing users to engage in PT-USDG looped borrowing via Global Dollar Network. Its novel interest rate model, based on overall system utilization, enables efficient capital deployment without self-impacting borrowing costs.
Read MoreThe mixed July jobs report has elevated the importance of upcoming inflation data for Fed policy. Economists are split, with some seeing room for one more hike if inflation persists, while others expect cooling prices to support holding rates steady. The data is now the key swing factor.
Read MoreCryptoQuant's CEO corrected a misinterpretation of CME Bitcoin futures data. Leveraged funds remain net short in standard contracts, though their short positions have halved over the past year, indicating a shift in market structure and arbitrage dynamics.
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