24/7 Blockchain industry dynamics and breaking crypto news
Apollo Global Management's chief economist Torsten Slok warns that U.S. inflation has evolved from an economic challenge into a direct threat to the Federal Reserve's credibility. With inflation persistently above target since 2021, this prolonged deviation is eroding trust in the world's most influential central bank.
Read MoreSituational Awareness, a hedge fund managed by a former OpenAI researcher, made a mysterious $400 million investment as it neared collapse. The recipient is now confirmed to be chip manufacturing startup Source Foundry, previously backed by Sequoia Capital.
Read MoreX has announced it will phase out its Revenue Sharing program, replacing it with an Original Content Rewards plan starting September 8. The new model pays creators based on "Qualified Impressions" from premium users, with specific eligibility requirements. Existing payouts will continue through September 2026.
Read MoreXRP Ledger's 3.3.0 version proposes "Confidential Transfers," using encryption to hide transaction amounts while preserving visibility for institutional tokenized assets like funds and bonds. The upgrade targets over $5.3B in on-chain real-world assets, pending validator approval.
Read MoreA U.S. official indicates Iran-Oman negotiations on the Strait of Hormuz are progressing, with an agreement expected soon. The U.S. will lift its naval blockade once the deal is implemented, but will monitor Iran's compliance.
Read MoreU.S. Treasury Secretary Scott Bessent suggests the Strait of Hormuz is losing its strategic importance due to geopolitical shifts and new pipeline infrastructure. He predicts over half of energy shipments will shift to land routes, potentially reducing the strait to "ordinary waters" within two years.
Read MoreUS spot Bitcoin ETFs recorded a net inflow of $101.79 million yesterday, signaling a potential shift in institutional sentiment. This analysis explores the data's implications for market liquidity and investor confidence moving forward.
Read MoreElon Musk reportedly declined a Ukrainian request to use Starlink for attacking targets inside Russia. Sources indicate former Ukrainian officials privately pushed the proposal, but Musk refused, citing concerns over escalating the conflict. This highlights the complex role of commercial tech in warfare.
Read MoreKey midday updates: Trump Media ends Crypto.com partnership, U.S. crypto bill CLARITY faces delays. OpenAI launches Astra cybersecurity model. Nvidia plans up to $3B investment in Lancium for AI power infrastructure. ARK Invest rebalances tech stocks, Trump announces critical minerals funding.
Read MoreU.S. spot Ethereum ETFs recorded a significant net inflow of $49.6 million in a single day, according to recent data. This movement indicates growing institutional interest in Ethereum assets and may signal renewed liquidity and support for the broader crypto market.
Read MoreCathie Wood's ARK Invest rebalanced its ETFs on August 8, with its flagship ARKK fund significantly increasing stakes in SpaceX, Circle, and Cloudflare while cutting holdings in Snowflake and Roblox. The moves highlight continued bets on space, digital infrastructure, and fintech.
Read MoreA newly created wallet recently received 1,346 BTC worth approximately $87.28 million from institutional giant Galaxy Digital in a single transaction. The massive transfer has sparked speculation about its purpose—whether it's institutional accumulation, a major investor's move, or preparation for future activity.
Read MoreThe US Senate delayed the vote on the CLARITY Act crypto regulation bill until September, reducing chances of near-term passage. Despite bipartisan House support, core disagreements persist over ethics rules for officials' crypto holdings. The industry's hope for a procedural vote before recess was dashed.
Read MoreBitcoin developers warn that if the controversial BIP-110 proposal triggers a fork, selling forked coins could inadvertently transfer real BTC due to missing replay protection. Holders are advised to pause transactions until assets are securely split. The fork's formation remains uncertain.
Read MoreOn-chain data reveals a whale address that opened a $102 million BTC short position triggered a stop-loss, liquidating 700 BTC at a $624k loss. It then added 30 BTC, holding 930 BTC total with an unrealized loss of $605k, showcasing high-stakes trading maneuvers amid volatility.
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