24/7 Blockchain industry dynamics and breaking crypto news
The US Treasury Secretary publicly urged the Senate to immediately vote on the stalled Clarity Act, which passed the House over a year ago. He emphasized its role in consumer protection, anti-money laundering, and providing regulatory certainty for digital assets, warning that further delay risks the US losing its global leadership in crypto.
Read MoreThe White House is reviewing a newly revised ethics proposal tied to the Clarity Act, which reportedly involves state attorneys general. Industry advocates are urgently lobbying, calling a compromise essential for the bill's progress. The administration's stance will likely determine if the Senate moves to a vote next week.
Read MoreMSTR CEO Phong Le has identified restoring the company's STRC asset to its par value as the top priority. The firm plans to achieve this through a combination of strategies including bolstering its US dollar reserves, maintaining its dividend payout, and executing strategic buybacks when opportune.
Read MoreThe 2026 FIFA World Cup drove over $20 billion in on-chain prediction market volume, with 400,000+ wallets participating, according to Chainalysis. The event also spurred $24 million in digital collectible trades.
Read MoreThe offshore RMB appreciated significantly against the USD during New York trading on July 30, rising 125 basis points to close at 6.7480. Trading ranged between 6.7626 and 6.7440, indicating shifting market sentiment. This rebound past a key technical level suggests potential changes in short-term capital flows.
Read MoreApple reported strong Q3 earnings with revenue reaching $109.4 billion, up 16% year-over-year. iPhone sales remained robust while Mac revenue significantly exceeded expectations. Earnings per share grew 29% to $2.02.
Read MoreAmazon Web Services (AWS) reported Q2 revenue of $42.2 billion, a 37% year-over-year surge, marking its fastest growth since late 2021. This outperformed analyst forecasts, driven by robust demand for AI services, accelerating sales for the fifth consecutive quarter.
Read MoreAmazon's Q2 earnings surpassed expectations with $200.6B in net sales. A surge in AWS growth, backed by significant AI and non-AI demand and a $496B backlog, drove the stock price up over 10% in after-hours trading.
Read MoreReddit reported Q2 revenue of $804.9 million, significantly exceeding analyst estimates of $731.8 million. The results showcase the platform's accelerating monetization success in advertising and commercial initiatives.
Read MoreAmazon's Q2 2024 earnings report reveals net sales of $200.6 billion, a 20% year-over-year increase, exceeding expectations. AWS revenue surged to $42.23 billion, growing 37% excluding currency effects, highlighting its role as the primary growth driver. The company also showed improved free cash flow and provided an optimistic Q3 outlook.
Read MoreCoinbase reported Q2 revenue of $1.22 billion, a 14% sequential decline and slightly below analyst estimates. Adjusted EBITDA reached $208 million, marking the 14th consecutive quarter of profitability, highlighting operational resilience amid market fluctuations.
Read MoreU.S. stocks staged a powerful rebound on July 31, with all three major indices closing sharply higher. Tech stocks led the charge, with the Nasdaq surging 2.78%. Microsoft soared over 15%, marking its biggest single-day gain since 2008 and adding a historic $450 billion in market value. The semiconductor and cloud computing sectors also saw explosive gains.
Read MoreOpenAI announced significant price cuts for its GPT-5.6 API models on July 31st. The GPT-5.6 Luna model sees an 80% reduction in token pricing, while the Terra model is reduced by 20%. This move aims to lower barriers for developers, with other product prices remaining unchanged.
Read MoreThe Fed's perceived dovish shift may have created an opportune moment for Japanese authorities to intervene and support the yen. Analysts suggest the Bank of Japan's next move could still surprise markets, with potential policy shifts ahead.
Read MoreThe UK's Financial Conduct Authority (FCA) will begin publishing daily aggregated stock trading data this Friday, along with one year of historical data. This move aims to enhance market transparency and help investors better assess trading volumes, serving as an interim step before launching a full consolidated data feed.
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