24/7 Blockchain industry dynamics and breaking crypto news
US senators are in intense negotiations over the CLARITY Act, aiming to shield non-custodial software developers from liability for third-party misuse of their code. With a tight legislative calendar, the bill faces a crucial deadline before the August recess to avoid election-year delays.
Read MoreOaktree Capital founder Howard Marks suggests that while valuations are elevated, the current market offers historic opportunities. Excessive caution risks missing out, especially in AI. He recommends a tiered investment approach based on individual risk tolerance.
Read MoreThe proposed $1 billion merger between cryptocurrency asset manager ReserveOne and a SPAC has been terminated. Major investors blocked the deal, citing unfavorable market conditions where a public listing would undervalue the firm and incur substantial transaction costs. This highlights investor caution in the current crypto downturn.
Read MoreSanDisk's stock surged 10% in a single day, marking an 800% yearly gain and pushing its market cap over $310 billion. The rally extended across the storage sector, with Micron, Western Digital, and Seagate all rising sharply, driven by surging global demand and technological advancements.
Read MoreOn June 18th, SanDisk (SNDK.US) saw its stock surge 11%, reaching $2175 per share, with its market cap exceeding $320 billion. Year-to-date growth has now surpassed 814%, setting a new all-time high.
Read MoreA major IT services firm's unexpected Q3 order decline triggered a 17% stock plunge, sparking a sector-wide selloff. The incident highlights market uncertainty despite AI advancements, with growth projections being reassessed across the industry.
Read MoreTHORChain, a cross-chain protocol, has remained offline for over a month due to a security vulnerability. The extended downtime, contrasting with previous incident responses, has raised concerns about the consistency of its risk management. On-chain activity is nearly frozen, with no clear recovery timeline.
Read MoreBinance is set to launch comprehensive financial services for RE, featuring a 50x leveraged USDT perpetual contract. The token will also be integrated across Simple Earn, spot trading, VIP loans, and multiple margin trading modes, substantially enhancing its market accessibility.
Read MoreCME Group has filed a lawsuit against the CFTC, challenging its approval of a new entrant into the perpetual futures market. This legal action could redefine competition and regulatory oversight in US derivatives trading.
Read MoreFive major US financial regulators propose new rules requiring stablecoin issuers to implement robust Customer Identification Programs, aiming to bring them under BSA oversight for stronger AML/CFT compliance. A 60-day public comment period will follow.
Read MoreGoldman Sachs highlights that unexpectedly hawkish Fed commentary has sharply accelerated market rate hike expectations. This shift is set to significantly increase volatility in short-term Treasuries, particularly the 2-year note, as policy focus pivots to inflation and forward guidance diminishes.
Read MoreFollowing SpaceX's successful IPO, Wall Street is abuzz with speculation about a potential merger with Tesla. Executives hint at synergies, though legal 'self-dealing' concerns exist. Texas law and Musk's control are seen as minimizing hurdles.
Read MoreGoogle has launched an AI agent in Google Ad Manager, built on the Gemini model. It helps marketers optimize campaigns through natural language queries, boosting efficiency and smart decision-making in digital advertising.
Read MoreCoinbase has officially listed the RE token for trading and custody services. Eligible users can now buy, sell, convert, send, and receive RE directly on the platform. This provides investors with enhanced access to digital asset management.
Read MoreRecent industry analysis suggests U.S. shale oil production growth is expected to peak within the next few years, plateauing post-2030. This signals a potential turning point for the decade-long shale boom.
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