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White House chief economic advisor Kevin Hassett stated that based on current economic data, it is "very hard" to make a case for further interest rate hikes. The July 31st remarks signal a potential shift in the policy outlook as officials assess the economic landscape.
Read MoreTwo Fed officials dissented this week against holding rates steady, warning that delaying hikes could make inflation harder to control and force more aggressive policy later. They cited persistent supply shocks and demand-side pressures, while acknowledging strong overall economic conditions.
Read MoreThe EU's first AI Act rules take effect, mandating transparency. Chatbots must disclose their AI identity, and deepfakes require clear labeling. These measures aim to combat deception and help users identify AI-generated content while providing compliance clarity for businesses.
Read MoreCleveland Fed President Loretta Mester stated current policy isn't restrictive enough, with inflation pressures extending beyond supply-side factors. She expressed skepticism that inflation would fall to 2% on its own, warning that prolonged high inflation raises the future costs of bringing it down.
Read MoreRobust earnings from Microsoft and Amazon have boosted market optimism regarding AI-related capital expenditure and demand, propelling the Philadelphia Semiconductor Index higher in pre-market trading. The rally, led by Intel, highlights strong performance in memory and logic chips, reflecting sustained confidence in AI infrastructure.
Read MoreOn July 31st, Circle announced it has obtained a trust charter from the New York State Department of Financial Services (NYDFS). This critical license represents a major step forward for USDC's regulatory compliance, solidifying its operational foundation under a stringent, institutional-grade regulatory framework within a key U.S. financial market.
Read MoreOn July 31, Brent crude oil prices surged, decisively breaking through the key $88 per barrel level with an intraday gain of 1.30%. This movement highlights heightened market volatility and shifting supply-demand dynamics, potentially driven by geopolitical tensions and macroeconomic indicators.
Read MoreHyperliquid co-founder Jeff Yan announced the initial release of HIP-4's permissionless deployment feature on testnet. Developers can now deploy using provided interface documentation. Configurable fees and additional templates are planned, with community feedback actively sought.
Read MoreGigaDevice unveiled a share repurchase plan on July 31st, allocating 1 to 2 billion yuan from internal or raised funds over six months. With a maximum price of 750 yuan per share, the move signals strong confidence in long-term value and aims to optimize capital structure.
Read MoreTD Cowen reiterated its Buy rating and $260 price target for STRG, noting management's focus on restoring preferred shares to par value. The firm posted a significant Q2 loss and paused Bitcoin purchases for five weeks while building cash reserves.
Read MoreBinance will list GRVT/USDT perpetual contracts on July 31, 2026, offering up to 10x leverage. This expands derivatives trading options for users seeking exposure to DeFi assets with flexible margin strategies.
Read MoreOn July 31st, a newly created wallet withdrew 468.30 BTC (approx. $29.9M) from BitMEX in a single transaction. This marks the first eight-figure withdrawal since the exchange announced its impending shutdown, sparking speculation about the movement's significance.
Read MoreBlueBay's CIO Mark Dowding warns that if the Fed abandons forward guidance, it risks losing market confidence. With US debt at record highs and growing rapidly, a sudden loss of market trust due to policy uncertainty could pose significant systemic risks.
Read MoreDefense tech firm Space-Eyes, backed by Eric Trump, plans to go public through a $638 million SPAC merger. The move highlights the Trump family's ongoing involvement in the defense sector and leverages the popular SPAC route for a quicker public listing.
Read MoreInstitutional capital is rapidly concentrating into a narrow set of major altcoins, with over 70% of OTC flow now institutional. This shift suggests the next altcoin season may favor a select few winners rather than broad market rallies, reshaping investment strategies.
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