24/7 Blockchain industry dynamics and breaking crypto news
UBS predicts gold prices could reach a historic $5,000 per ounce by early 2027. The forecast highlights key drivers including geopolitical tensions, sustained central bank purchases, and shifting macroeconomic conditions, pointing to significant future opportunities in the gold market.
Read MoreOn August 7th, both Japan's Nikkei 225 and South Korea's KOSPI indexes closed slightly lower. While the overall market was muted, semiconductor stocks diverged sharply, with SK Hynix falling significantly and Samsung Electronics posting a marginal gain, highlighting selective investor caution in the tech sector.
Read MoreSouth Korea's benchmark KOSPI index fell more than 5% this week, marking its seventh consecutive weekly decline—the longest losing streak since December 2022. The prolonged downturn reflects mounting investor concerns amid a complex mix of domestic and global pressures.
Read MoreJapan's Government Pension Investment Fund reported a record quarterly investment gain of 24.1 trillion yen, driven by robust global equity rallies. This analysis explores the strategic allocation and market dynamics behind this historic performance and its implications for pension management worldwide.
Read MoreOn August 7th, Zhongji Innolight, a leading optical module manufacturer, experienced a sharp intraday stock price decline, falling over 4.5%. This sudden volatility has drawn significant market attention, with investors analyzing potential causes such as sector sentiment shifts or technical corrections.
Read MoreJapan's FSA and National Police Agency have jointly issued 11 new anti-fraud requirements to crypto exchanges via the JVCEA. Key measures include mandatory withdrawal address registration, enhanced transaction monitoring, stricter ID checks, and withdrawal waiting periods to combat rising investment scams and illicit fund flows.
Read MoreThe Shanghai headquarters of the People's Bank of China has prioritized curbing virtual currency trading risks in its latest meeting. The focus includes strengthening systemic risk prevention, enhancing oversight of financial institutions, and cracking down on illegal financial activities.
Read MoreThe Moscow Exchange (MOEX) is developing an independent digital asset custody system, slated for launch in late 2026 or early 2027. This new infrastructure will operate separately from MOEX's existing platform and Russia's national settlement depository, offering anonymous accounts for brokerage clients. The move signals mainstream Russian finance's deeper foray into crypto custody.
Read MoreThe Korean Exchange will launch after-hours trading for ETFs on September 14, aiming to compete with alternative trading systems and crypto exchanges. However, asset managers warn of potential price deviations due to lack of real-time NAV estimates, with leveraged ETFs excluded from the new service.
Read MoreAnthropic has adjusted Claude Fable 5's biosecurity restrictions, reducing forced downgrades by about 85%. Users can now get more direct, high-quality responses for interpreting lab results, understanding symptoms, and general biology questions.
Read MoreRBC Capital Markets raised SanDisk's price target from $1000 to $1300 while maintaining its "sector perform" rating. The 30% increase reflects revised expectations for the storage technology firm's market position and growth trajectory, potentially influencing investor sentiment toward the memory sector.
Read MoreMorgan Stanley has added approximately 100 BTC to its holdings through its spot Bitcoin ETF, investing around $7.21 million. This brings its total Bitcoin holdings to over 6,300 BTC, valued at more than $406 million, signaling continued institutional adoption of digital assets.
Read MoreEconomist James E. Thorne criticizes the US Senate's delay of the CLARITY Act vote to September, arguing it prioritizes existing interests over securing US leadership in next-gen finance. Prolonged uncertainty may drive innovation overseas, leaving the US trapped in regulatory gray areas and losing influence over future financial standards.
Read MoreByteDance has begun pre-training a massive AI model potentially scaling to 10 trillion parameters, according to the Financial Times. This ambitious project, if fully realized, would rival the scale of top US closed-source models. It signals a strategic shift towards in-house R&D to compete at the global forefront.
Read MoreThe hacker behind the Coldcard theft of 2,055 BTC ($130 million) has moved 30.185 BTC ($1.94 million) to a new wallet. The August 7 transaction raises fresh concerns about the movement of stolen funds and ongoing security risks.
Read More