24/7 Blockchain industry dynamics and breaking crypto news
Bipartisan U.S. senators are negotiating final language for an ethics provision in a major crypto market structure bill. The clause, targeting conflicts of interest for senior officials, could determine the bill's fate. The crypto industry watches closely as the Senate's August recess approaches.
Read MoreBinance.US plans to apply for a CFTC Designated Contract Market license next month, aiming to offer prediction markets to its customers. This move signals an expansion into regulated crypto derivatives products in the U.S.
Read MoreBitcoin long-term holders continue accumulating despite price declines, but the pace has slowed significantly. With selling pressure easing, the market appears to be entering a stabilization phase rather than beginning a new recovery cycle, indicating cautious consolidation.
Read MoreVisa CEO Ryan McInerney reveals the company will not bet on any single stablecoin winner. Instead, Visa is committed to a multi-currency, multi-chain strategy, focusing on building bridges between different networks to ensure secure and flexible client access to the crypto payments ecosystem.
Read MoreThe latest Fed meeting held rates steady, but the decision revealed underlying hawkish pressures. Presidents from three regional Feds voted for an immediate 25-basis-point hike, exceeding expectations. Analysts view this as a 'hawkish hold,' signaling persistent inflation concerns within the committee.
Read MorePascal Caversaccio, author of the Ethereum Cypherpunk Manifesto, has joined the Ethereum Foundation's board. A longtime advocate for encryption security and privacy, his appointment underscores the Foundation's commitment to its core CROPS values: Censorship-Resistance, Open Source, Privacy, and Security.
Read MoreRobeco, the Netherlands' fifth-largest asset manager, has increased its stake in Bitcoin-related company MSTR by 11%, now holding 133,755 shares valued at approximately $13.1 million. This move highlights growing institutional interest in crypto-linked assets.
Read MoreRobinhood's Q2 earnings reveal a major shift: event contracts (prediction markets) generated $156M in revenue, surpassing crypto and stock trading for the first time. Crypto trading revenue fell 38% year-over-year, highlighting event contracts as the new growth engine for its trading business.
Read MoreDespite the Fed holding rates steady in July, Citi economists maintain their forecast for rate cuts later this year. They anticipate rising unemployment will compel the Fed to begin cutting in October, followed by further easing.
Read MoreA physical asset management firm has increased its Bitcoin holdings, pushing its total treasury past 16 BTC. This move highlights the ongoing trend of traditional businesses allocating to Bitcoin as a reserve asset on their balance sheets.
Read MoreHawkins County, Tennessee, has unanimously passed a ban prohibiting the establishment and operation of cryptocurrency mining facilities and data centers in unincorporated areas. This move reinforces the state's tightening regulatory stance on the digital asset industry, following earlier restrictions on crypto ATMs.
Read MoreOn-chain data reveals a significant transfer of 90,000 HYPE tokens from FalconX to Coinbase on July 30, valued at approximately $4.85 million. This large movement is often interpreted as a potential signal for market selling pressure, drawing attention from investors and analysts regarding its short-term price impact.
Read MoreThe offshore yuan rose 56 basis points to 6.7605 against the U.S. dollar at the New York close on July 29. Trading within a 6.7745-6.7600 range, the currency approached its mid-June level, with markets watching for potential breakout momentum.
Read MoreMarket expectations for Fed rate hikes shifted dramatically after the July FOMC meeting. Data from CME FedWatch shows a sharp rise in the probability of a September pause, with odds for a 50bps hike falling to zero, signaling a more dovish interpretation of the Fed's path.
Read MorePresident Trump stated on July 29th that the U.S. would deliver a "heavy blow" to Iran in retaliation for missile launches against American forces in the Middle East. He dismissed Iranian attempts to avert the strike, vowing to "teach them a lesson." Trump also revealed plans to seek legislative authority to impose new tariffs on Iran, combining economic pressure with military threats and significantly escalating bilateral tensions.
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