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Coinbase 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.
Read MoreMeta has committed nearly $700 billion in future spending through long-term agreements, primarily for AI data centers, cloud services, and infrastructure. The massive investment highlights its strategic focus on building next-generation tech foundations.
Read MoreA Morgan Stanley-led bank syndicate is negotiating a $15 billion loan to build a massive Texas data center campus with its own power plant. Google is providing financial guarantees and chips to support the project, which will serve its AI partner Anthropic, highlighting a major bet on AI infrastructure.
Read MoreHedge funds sold global tech stocks at the fastest pace since 2016 over a three-day period, slashing overall equity exposure to multi-year lows. The selling wave, led by North American funds, signals deep risk aversion across all market sectors.
Read MoreUS storage chip stocks surged significantly, with multiple leading companies posting strong gains. The rally reflects recovering demand, expanded AI investment, and supply chain shifts, drawing investor attention to sustainability and industry-wide impact.
Read MoreReal-world asset tokenization platform Ondo Finance is evaluating a potential acquisition worth $250M to $500M, targeting companies in the wealth technology sector. While no formal talks or advisors have been engaged, the move signals strategic expansion in the DeFi space.
Read MoreHIP-3 open interest has surged to a record $3.92 billion, signaling intense market activity. This milestone highlights evolving risk appetite and potential volatility shifts. We examine the key drivers and market implications behind this unprecedented capital concentration.
Read MoreA prominent investor reveals that the current AI boom rests on foundations laid by the crypto industry. Over a decade of mining operations provided critical infrastructure expertise and catalyzed key hardware shifts, with crypto veterans now leading new AI cloud ventures.
Read MoreEthereum celebrates 11 years since its mainnet launch. It has evolved into the world's largest DeFi ecosystem, the core settlement layer for stablecoins, and the premier platform for developers, defined by its uninterrupted uptime, neutrality, and open innovation.
Read MoreOn July 31, spot silver prices surged 2.05% to $58.77 per ounce, outperforming gold. The rally is attributed to a mix of factors including safe-haven demand, dollar fluctuations, and industrial outlook.
Read MoreMeta's Q2 earnings revealed profit decline and soaring AI capex, causing a stock drop. Zuckerberg defended the massive investment as crucial for seizing the AI infrastructure window. He rejected merely selling compute power for short-term gains, prioritizing its use for Meta's own models and products.
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