24/7 Blockchain industry dynamics and breaking crypto news
A wallet that legitimately received a massive BONK allocation from the treasury has transferred 1.19 trillion tokens ($4.11M) to Binance within 6 hours, likely for selling. It still holds 3.2 trillion BONK ($10.85M), raising concerns about potential future selling pressure on the market.
Read MoreOn July 17, a lending pool within the Solana-based DeFi protocol DeFiTuna was exploited, resulting in the extraction of 580,000 USDC and a corresponding deficit. The attack vector has been identified and mitigated. The team is investigating and attempting to recover funds.
Read MoreMoon's Dark Side has launched Kimi K3, a groundbreaking open-source model with 2.8 trillion parameters. It features novel KDA attention, supports native vision understanding, and boasts a 1 million token context window, targeting advanced scenarios like long-context programming and complex reasoning.
Read MoreKey developments from the overnight session: Visa launches a stablecoin payment platform, signaling deeper crypto integration. Prediction market Pascal secures $9M in Series A funding. Geopolitical tensions rise as Hezbollah refuses disarmament and Iran sets conditions for JCPOA return. Trump's stock promotion after purchases draws scrutiny.
Read MoreCircle has minted an additional 500 million USDC on the Solana blockchain as of July 17th. This brings the total USDC issued on Solana in 2026 to over 70.01 billion, highlighting the network's growing role in the stablecoin ecosystem.
Read MoreU.S. stock futures fell on July 17, led by tech stocks, as doubts over the sustainability of the AI-driven rally triggered a sell-off. Nasdaq 100 futures dropped sharply, signaling investor reassessment of sector risks.
Read MoreFederal Reserve Vice Chair Jefferson stated current monetary policy is well-positioned to support the labor market and lower inflation. However, he warned that if inflation does not cool soon, the Fed may need to reconsider its stance, including potential rate hikes, highlighting a data-dependent approach.
Read MoreInvestment giant T.Rowe Price, with nearly $2 trillion AUM, has launched its first active cryptocurrency ETF, TKNZ. This strategic move into crypto during a market downturn signals growing institutional acceptance of digital assets.
Read MoreOn July 17th, major US stock indices closed lower, led by a broad decline in tech stocks. Semiconductor and storage-related shares faced heavy selling pressure, with many falling over 5%. Risk-off sentiment prevailed across hardware, silver, and crypto-linked sectors.
Read MoreTrump Media & Technology Group is launching a paid API service that provides real-time access to posts from top accounts, including Donald Trump's, much faster than standard notifications. Aimed at firms sensitive to information delays, the service launches August 1st.
Read MoreOpenAI Chairman Bret Taylor firmly denied allegations that employees stole Apple's trade secrets, stating the company has "no interest" in rivals' proprietary data. He also outlined OpenAI's strategic move into custom AI hardware, framing it as essential to fulfilling its mission of ensuring AGI benefits humanity.
Read MoreA senior Iranian advisor warns that attacks on civilian targets could escalate into strikes on critical infrastructure, potentially disrupting regional energy supplies. US forces are accused of attacks in multiple Iranian provinces, raising tensions.
Read MoreGoogle DeepMind's CEO proposes an international independent body to test and review advanced AI models before release, with support from OpenAI's Altman and Elon Musk. The initiative aims to coordinate industry efforts and enhance AI safety through expert-led scrutiny.
Read MoreThe White House stated that Iran continues talks with the U.S., seeking relief from severe economic pressure. Recent U.S. actions are attributed to Iran's violations of a prior understanding, highlighting the delicate state of bilateral relations.
Read MoreMicrosoft is reportedly developing a new AI-powered security tool designed to automatically scan for software vulnerabilities and generate fixes. Leveraging multiple AI models, the tool aims to transform how security flaws are identified and patched in the development lifecycle.
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