24/7 Blockchain industry dynamics and breaking crypto news
Base Power, a home battery startup co-founded by Zack Dell, son of Dell founder Michael Dell, has raised $10 billion in Series D funding, reaching a $130 billion valuation. The company also launched its Base Core home storage battery, now in production at its Texas facility.
Read MoreThe People's Bank of China will conduct a 500-billion-yuan reverse repo operation on August 5, with a 3-month maturity. This move aims to inject medium-term liquidity into the market using a multi-price bidding system, reflecting current funding conditions and supporting financial stability.
Read MoreCoinbase is merging its international exchange into Deribit on September 9, creating a unified global derivatives trading platform. The consolidation pools liquidity from previously separate platforms, with automatic position migration for users.
Read MoreLeading South Korean crypto exchange Upbit will list QUID trading pairs against KRW, BTC, and USDT on August 4th. This move expands access to QUID for investors and is expected to enhance its liquidity in the Asian market.
Read MorePre-market trading on August 4 saw a broad rally in memory chip stocks, with Micron and SK Hynix leading gains over 3%. The surge reflects growing investor optimism about a potential turnaround in the supply-demand dynamics of the semiconductor memory sector.
Read MoreTencent Cloud has extended free access to the Hy3 model in its CodeBuddy and WorkBuddy services until August 31, 2026. Due to high demand, a daily quota system and queue management have been implemented to ensure stable service, with clear reset notifications during peak usage.
Read MoreMarvell Technology's stock jumped over 6% pre-market as it announced new AI-optimized memory and storage solutions. The move targets the growing data bottlenecks in large-scale AI inference, positioning memory technology as critical for next-gen data centers.
Read MoreON Semiconductor's pre-market stock jumped 7% following solid Q2 results, with adjusted EPS beating expectations. The company revealed strong momentum in its AI data center business, forecasting revenue exceeding $250 million in 2025 and expecting it to double by 2026, positioning it as a key growth driver.
Read MoreItaly's largest bank, Intesa Sanpaolo, disclosed a major portfolio adjustment in its latest quarterly report. The bank reduced its Bitcoin ETF holdings by 94% while tripling its staked Ethereum ETF position. This rebalancing reflects a strategic shift in institutional crypto asset management.
Read MoreSouth Korean President Lee Jae-myung emphasized that AI-driven changes are reshaping global industries. He urged the nation to make bold and swift investments to enhance competitiveness, secure growth potential, and build a resilient economy against external shocks.
Read MoreSpaceX's first post-IPO lockup expires August 6th, releasing ~912 million shares and raising float from under 5% to ~12%. Market concerns about selling pressure and short-term volatility persist. SpaceX uses a staged unlock, with a second round expected after Q3 earnings, potentially extending uncertainty.
Read MoreOn August 4, Barclays lowered Strategy's price target from $130 to $125 while maintaining an 'Overweight' rating. The adjustment reflects near-term valuation considerations amid broader market conditions, though long-term growth prospects remain positive.
Read MoreKenya's National Examinations Council has launched a blockchain-based certificate verification system, migrating over 15 million academic records to the Avalanche platform. This initiative, covering records since 1989, aims to eliminate fraud and enhance trust in educational credentials through immutable digital verification.
Read MoreAsian markets showed a mixed picture on August 4th. Japan's Nikkei 225 closed slightly higher. South Korea's market was volatile, with the main board rebounding after a sharp intraday drop, while the KOSDAQ index surged for a third consecutive day, triggering a buying-side circuit breaker due to excessive program trading.
Read MoreSoftBank Group reported Q1 revenue of 1.81 trillion yen with a net profit of 155.07 billion yen. The results reflect valuation changes in its investment portfolio and stable core operations, indicating a new phase in its strategic repositioning.
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