24/7 Blockchain industry dynamics and breaking crypto news
The Bank of Japan may raise rates again in September to counter rising inflation fueled by AI demand, a weak yen, and high oil prices. While markets expected hikes every six months, July meeting minutes reveal calls for a faster pace, suggesting a more aggressive policy shift.
Read MoreOpenAI has completed a $7 billion employee stock buyback at an $852 billion valuation, sources reveal. The internal move signals preparation for a potential IPO amid intensifying competition with rival Anthropic.
Read MoreLeading South Korean crypto exchange Upbit has officially announced the listing of the DOS token. Trading will commence simultaneously across KRW, BTC, and USDT markets, scheduled for August 11th at 2:00 PM local time.
Read MoreWhite House Crypto Committee Director Patrick Witt reaffirmed commitment to passing the CLARITY Act by September, stating only legislation can provide lasting rules. He criticized Democratic delays for harming U.S. competitiveness and national security, urging bipartisan cooperation to shape digital asset policy before the September vote.
Read MoreAI leader Anthropic is preparing for a fall IPO amid challenges including low-cost competition, regulatory tensions, and data center opposition. Executives are reassuring investors by emphasizing cutting-edge technology and expansion into healthcare AI applications.
Read MoreRecent industry moves signal surging demand for AI data center capacity. Analysts point to major long-term contracts secured by companies like Riot Platforms, with key capacity coming online in late 2027, driving a structural revenue inflection for the sector.
Read MoreSouth Korea's Supreme Court plans to revise civil enforcement rules, allowing courts to order crypto exchanges to disclose and freeze debtors' assets within 7 days. The new rules, expected in October, mark a significant step in crypto asset regulation, though self-custodied assets remain challenging to enforce directly.
Read MoreArthur Hayes argues that pressure on the Yen and Japanese bonds may force the Fed to intervene, effectively expanding its balance sheet and injecting dollar liquidity globally. This 'shadow QE' could be the key macro catalyst to break the crypto stalemate and fuel a rally in Bitcoin.
Read MoreOn-chain analysis reveals a major Ethereum treasury entity purchased approximately 13,000 ETH (worth ~$24.36M) via BitGo following a market dip. This substantial accumulation during a price pullback is viewed as a classic "buy-the-dip" strategy, potentially signaling strong institutional confidence in ETH's medium to long-term value.
Read MoreBitwise's Ryan Rasmussen predicts the stablecoin market could grow from $300B to $3-5T. He argues the market severely undervalues Circle, issuer of USDC, focusing only on its reserve business while overlooking its potential as a global payments infrastructure giant comparable to Visa.
Read MoreMajor South Korean crypto exchange Bithumb will launch a direct DOS/KRW trading pair, offering local investors enhanced access and potentially boosting DOS's liquidity and visibility within the Korean market.
Read MoreBlackRock has lowered the minimum for in-kind Bitcoin conversions into its IBIT ETF from $25 million to $1 million, with plans to reduce it further. This move aims to democratize access, allowing more investors to directly swap BTC for ETF shares.
Read MoreBlackRock's digital asset head notes a subtle shift in Bitcoin sentiment, with its decoupling from US stocks accelerating. This healthy trend highlights Bitcoin's role in diversification and hedging. Strong inflows into spot Bitcoin ETFs signal continued long-term institutional interest.
Read MoreBitcoin has surged past the $64,000 mark, currently trading at $64,000.33. Despite this gain, the market experienced a 1.53% drop over 24 hours, indicating significant volatility. Investors are advised to exercise caution and implement robust risk management strategies.
Read MoreAI firm Anthropic has reportedly entered a landmark $91 billion, 20-year agreement with cloud provider Riot Platforms to secure critical computing capacity. The deal grants Anthropic access to 191 megawatts of power from Riot's Texas data center, highlighting the intense competition for AI infrastructure.
Read More