24/7 Blockchain industry dynamics and breaking crypto news
A prominent investor reveals that the current AI boom rests on foundations laid by the crypto industry. Over a decade of mining operations provided critical infrastructure expertise and catalyzed key hardware shifts, with crypto veterans now leading new AI cloud ventures.
Read MoreEthereum celebrates 11 years since its mainnet launch. It has evolved into the world's largest DeFi ecosystem, the core settlement layer for stablecoins, and the premier platform for developers, defined by its uninterrupted uptime, neutrality, and open innovation.
Read MoreOn July 31, spot silver prices surged 2.05% to $58.77 per ounce, outperforming gold. The rally is attributed to a mix of factors including safe-haven demand, dollar fluctuations, and industrial outlook.
Read MoreMeta's Q2 earnings revealed profit decline and soaring AI capex, causing a stock drop. Zuckerberg defended the massive investment as crucial for seizing the AI infrastructure window. He rejected merely selling compute power for short-term gains, prioritizing its use for Meta's own models and products.
Read MoreJ.P. Morgan's market intelligence team reports its tactical model has flashed a buy signal for the S&P 500, citing supportive factors like falling Treasury yields and solid earnings. However, risks in semiconductors and geopolitics remain.
Read MoreThe Bank of England warns UK inflation may remain above the 2% target until late 2027 due to persistent energy price impacts. Even in optimistic scenarios, it won't fall below target until late 2025. June's 2.6% inflation rate offers limited relief as upside risks persist.
Read MoreVanguard's VTSAX fund, part of the $12 trillion asset manager, has increased its stake in Strive by $3.2 million, bringing its total holding to $23.7 million. This strategic move highlights institutional confidence and reshapes the investment narrative.
Read MoreThe Bank of England's latest report indicates quantitative tightening has pushed UK borrowing costs higher than expected. Ten-year gilt yields have risen more than projected, with the pace of balance sheet reduction set for review in September amid market expectations of a slower unwind.
Read MoreOn-chain data reveals BlackRock transferred approximately 1,104 BTC, worth around $71.4 million, from Coinbase Prime to its IBIT Bitcoin ETF custody wallet. This sizable movement highlights ongoing institutional activity and potential ETF accumulation.
Read MoreOn-chain analytics reveal a crypto whale strategically accumulated $184M worth of WBTC and ETH over the past month. With purchases at average prices of $64,277 for WBTC and $1,758 for ETH, the positions have already generated an impressive $10.8M in unrealized profit.
Read MoreMulticoin Capital's Shayon Sengupta disclosed the firm is long Robinhood (HOOD), now its largest public stock holding. This move highlights a crypto-native investor's significant confidence in the trading platform's trajectory.
Read MoreGoogle DeepMind introduced three new AI models for robotics. The flagship Gemini Robotics 2 enables robots to reason about each action, performing complex tasks like cleaning rooms. It's joined by the embodied reasoning ER 2 and the efficient on-device On-Device 2 models, collectively advancing robot intelligence and adaptability.
Read MoreDespite a sector-wide rally, the largest CXMT short seller has increased their bearish position, now worth $22.26M. Opened before the IPO and repeatedly added to, this bet currently shows an unrealized loss of $4.06M, highlighting a high-stakes divergence from market momentum.
Read MoreOn July 30, senior Chinese and US economic officials held a video call. They discussed implementing leaders' consensus, stabilizing economic ties, expanding cooperation, and addressing mutual concerns. China expressed serious concerns over recent US restrictions. Both sides agreed to enhance communication and cooperation.
Read MoreThe Japanese yen surged sharply, with markets widely attributing the move to potential government intervention. Analysts note that month-end positioning, weak US data, and a softer dollar have created a favorable window for authorities to support the currency, as officials reaffirm readiness to act.
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