24/7 Blockchain industry dynamics and breaking crypto news
The U.S. core PCE price index surged to 4.1% year-on-year in May, breaching the 4% threshold for the first time in three years, signaling heightened inflationary pressures. Robust consumer spending and geopolitical risks are increasing expectations for a Federal Reserve rate hike later this year, with markets eyeing a potential move as early as September.
Read MoreWorldcoin's developer Tools for Humanity is investigating alleged fund misuse to manipulate token prices and a Thai partner linked to an international scam, while its iris-scanning operations face regulatory scrutiny globally.
Read MoreIran's Parliament Speaker Mohammad Bagher Ghalibaf has refuted U.S. claims that Tehran would use unfrozen assets to purchase American agricultural goods, calling the assertions "incorrect and misleading." The statement highlights ongoing tensions over financial arrangements between the two nations.
Read MoreA UK survey reveals more than half of wealth advisors admit client cryptocurrency holdings fall outside their effective oversight. This highlights the knowledge and compliance gaps traditional firms face with digital assets, posing potential risks to client portfolios.
Read MoreThe USD/JPY pair climbed near the critical 162 level on June 25th, reflecting sustained pressure on the yen. Market attention is now focused on the Bank of Japan's policy stance, as traders assess the potential for further yen weakness and the risk of currency intervention.
Read MoreOn June 25th, the USD/JPY pair experienced a sharp, volatile move. It briefly spiked to 161.941 before swiftly reversing and falling approximately 20 pips to trade around 161.84. This rapid rejection near a key level has intensified market focus on intervention risks and short-term momentum.
Read MoreKioxia, a global leader in NAND flash memory, has commenced the process for a U.S. initial public offering (IPO) and is in the stage of selecting underwriters. This move signals a significant step in its capital strategy.
Read MoreCanaan's Chairman/CEO Nangeng Zhang and CFO James Cheng have collectively purchased over 1 million ADS in the open market at an average price of $0.35 per share, signaling strong insider confidence in the company's future trajectory.
Read MoreWhile Oman reiterated no tolls for Hormuz Strait, analysts say strict transit control remains the real issue. Shipping data shows slight improvement but limited freedom, with tolls being a secondary concern.
Read MoreU.S. Secretary of State Rubio stated that Gulf nations expressed "zero support" for imposing tolls on the Strait of Hormuz during recent talks. The U.S. pledged not to undermine its Gulf partners and acknowledged their serious regional security concerns.
Read MoreTrendForce reports NVIDIA is developing an 800V high-voltage DC power rack for Q3 2026 delivery as part of the VeraRubin platform. The RubinUltra rack will reach 660kW power consumption, with next-gen air-cooled systems hitting 1.2-1.3MW. 800V power technology is expected to gain significant adoption after late 2027.
Read MoreAs Bitcoin's price dropped to around $59,100, the number of BTC held at a loss has surged to a record 10.83 million. Long-term holders now possess 14.8 million BTC, with over one-third currently in an unrealized loss position.
Read MorePeckShield Alert reports that Gnosis' official X account was potentially compromised on June 25. The community warns users to avoid any interaction or clicking links from the account to prevent risks. An investigation is ongoing.
Read MoreOn June 25, the Hong Kong Monetary Authority provided HK$20 million in liquidity to banks through its discount window facility. This operation aims to ensure smooth interbank payments and maintain overall financial stability, reflecting the authority's routine use of policy tools to manage market conditions.
Read MoreLenovo Group has successfully issued $2 billion in zero-coupon convertible bonds. This financing move optimizes the company's capital structure and demonstrates its flexible approach to capital management. The innovative financial instrument is expected to support future technology investments and global expansion.
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