24/7 Blockchain industry dynamics and breaking crypto news
SpaceX shares cooled off with two consecutive declines this week, closing down 3.57% on Thursday. Despite the pullback, the stock still posted a robust weekly gain of approximately 15%, fueled by its historic IPO momentum. Its market cap now stands at $2.44 trillion after briefly surpassing industry giants earlier in the week.
Read MoreThe convergence of China's Dragon Boat Festival and the US Juneteenth holiday on June 19 resulted in a full market closure across major US and Chinese financial exchanges. Trading in stocks, futures, and commodities was suspended or adjusted, with CME and ICE announcing early closes for key contracts. Investors are advised to note the schedule changes.
Read MoreIndustry sources indicate prediction market platform Kalshi has surpassed $2 billion in annualized revenue and entered preliminary discussions for an initial public offering (IPO). The process remains in early stages, with a potential public debut expected in late 2025 or beyond.
Read MoreThe European Union has made a significant policy shift by extending economic sanctions against Russia for a full year for the first time, breaking from its previous six-month renewal pattern. This move prolongs restrictions across trade, finance, energy, and other sectors until July 2026, signaling a major escalation in pressure.
Read MoreThe US Dollar Index surged 0.75% on the 18th, closing at 100.846. This sharp rise signals strong safe-haven demand and reflects shifting market sentiment. The rebound may influence global currency trends and commodity prices in the near term.
Read MoreThe CFTC has settled with Celsius' ex-CEO, securing a permanent trading and registration ban. He is currently serving a 12-year sentence for fraud. The case highlights intensified regulatory crackdowns on misconduct within the cryptocurrency sector.
Read MoreIsrael's ambassador to the US stated the country remains committed to the Lebanon ceasefire agreement, provided Hezbollah complies. Israel reserves the right to respond to attacks. Meanwhile, Iran reportedly postponed talks with the US due to escalating tensions.
Read MoreCoinbase has added the CAP token to its listing roadmap, indicating it is under review for potential future trading. This move highlights the exchange's asset evaluation process and may boost CAP's market visibility and liquidity.
Read MoreUS VP Vance announced the 60-day countdown for a final US-Iran agreement has begun, with him leading the US team. Initial talks will address technical details, ensuring Strait of Hormuz stability and discussing reconstruction funds. Vance urged respect for the peace process.
Read MoreSpaceX's IPO ignited a retail investor frenzy, propelling Charles Schwab to one of its top five busiest trading days in 55 years. The CEO cited widespread public engagement with economic innovation as a key driver.
Read MoreThe EU Commission's preliminary probe into cloud computing may soon designate Microsoft Azure and Amazon AWS for strict oversight under the Digital Markets Act, imposing interoperability and anti-lock-in rules. A final decision is expected by year-end.
Read MoreU.S. stocks closed higher on June 19th, led by a strong rally in technology and semiconductor shares. The Nasdaq outperformed, while SpaceX shares faced notable selling pressure and volatility during the session, contrasting with the broader market optimism.
Read MoreThe U.S. President recently stated on social media that America is committed to peace and urged all parties in the Middle East to uphold their commitments to advance ongoing negotiations. He expressed anticipation that a comprehensive ceasefire would be achieved across all fronts, including Lebanon, Hezbollah, and Israel, drawing significant international attention to the regional situation.
Read MoreThe Federal Reserve's overnight reverse repurchase agreement (RRP) facility usage plunged to $251 million on Thursday, a dramatic 96% drop from the previous day's $6.828 billion. This sharp decline among 4 counterparties signals a potential shift in financial system liquidity and the demand for this key Fed policy tool.
Read MoreU.S. 30-year fixed mortgage rates fell to 6.47%, a one-month low, as geopolitical tensions eased. While offering slight relief at the spring season's end, housing affordability remains strained with median monthly payments near record highs.
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