24/7 Blockchain industry dynamics and breaking crypto news
Bitwise CEO Hunter Horsley argues the crypto industry's reliance on outdated metrics like market cap comparisons leads to undervaluing innovative platforms like Hyperliquid. He calls for a shift towards valuing technological substance over superficial rankings.
Read MoreFollowing recent US inflation data, expectations for Fed rate hikes have moderated. Invesco strategists note that while gold prices reflect tightening risks, they haven't fully priced in the potential for persistently high real yields, which would continue to weigh on gold's appeal versus income-generating assets.
Read MoreSpot gold and silver staged a sharp intraday reversal on June 26th. Gold recovered from a 1%+ loss to trade higher, while silver erased a 3%+ decline and turned positive, highlighting market volatility.
Read MoreAt Meituan's annual shareholder meeting, CEO Wang Xing publicly addressed the company's prolonged stock price weakness, acknowledging his responsibility. CFO Chen Shaohui stated Meituan is significantly undervalued and announced a share buyback plan to restore market confidence, marking a key response to current capital market pressures.
Read MoreA new Citi report warns that a prolonged and potentially severe El Niño poses a significant risk to the global economy. While geopolitical tensions have eased, this climate phenomenon threatens agriculture, energy, supply chains, and labor productivity, potentially derailing fragile recovery efforts.
Read MoreZhipu's stock experienced a sharp decline, dropping over 15% and breaking below the key psychological level of HK$2000. This significant volatility has drawn market attention to its near-term trajectory and underlying drivers.
Read MoreOn-chain data reveals two wallets potentially linked to former Celsius CEO Alex Mashinsky sold 17,598 ETH at ~$1,548 each, netting $27.24 million in stablecoins. The unconfirmed connection has drawn significant market attention to this large-scale transaction.
Read MoreCapital Economics warns that Federal Reserve rate hike expectations will push real yields higher, pressuring gold prices. Their forecast sees gold potentially falling to $3500/oz by end-2026, with stock market crashes possibly accelerating the decline through margin call selling.
Read MoreBithumb, a leading South Korean cryptocurrency exchange, has officially listed Archium's native token ARX, launching a KRW trading pair. This provides Korean investors direct access to the Archium ecosystem and is expected to enhance ARX's liquidity and regional visibility.
Read MoreOKX Flash Earn introduces a ROBO event from July 3, allowing users to lock BTC, ETH, OKB, or ROBO to share 20 million ROBO tokens. User tier system determines subscription limits based on platform activity.
Read MoreBinance has notified users in Poland, Italy, Spain, and France to withdraw funds as services will be suspended next week due to missing MiCA licenses. The exchange remains committed to EU compliance and plans to seek authorization in other member states in coming months.
Read MoreSEB strategists suggest the US 10-year Treasury yield, recently near 4.40%, may lack a clear trend in coming months, fluctuating between 4.30%-4.50%. They argue that geopolitical developments alone won't drive a sustained downtrend; macroeconomic data and Fed communication are key.
Read MoreOn-chain data reveals a massive Ethereum staking transaction involving over 160,000 ETH, valued at approximately $250 million. This move highlights continued institutional confidence in Ethereum's long-term ecosystem and reflects active staking market trends.
Read MoreMarket data reveals a significant net outflow of $81.5 million from US spot Ethereum ETFs on June 26, indicating shifting investor sentiment. This movement highlights potential near-term volatility and strategic repositioning within the crypto asset space.
Read MoreU.S. spot Bitcoin ETFs recorded a significant net outflow of $695.79 million in a single day, marking one of the largest withdrawals recently. This substantial capital movement may indicate shifting investor sentiment and could impact cryptocurrency market liquidity and price trends.
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