24/7 Blockchain industry dynamics and breaking crypto news
On July 29th, the global oil market witnessed a sharp rebound. WTI crude futures surged 5% to settle at $83.219 per barrel, while Brent crude climbed 4.69% to $85.933. This rally highlights shifting market dynamics and supply-demand expectations.
Read MoreOn July 29th, a leading global semiconductor foundry saw its pre-market stock price surge over 16%. This sharp rise followed the U.S. government's announcement of up to $300 million in direct funding, a move interpreted as strengthening domestic chip supply chains and boosting market sentiment for the sector.
Read MoreSpaceX has proposed deploying up to 1 million satellites in low Earth orbit to create a solar-powered network of artificial intelligence data centers in space, potentially revolutionizing global data infrastructure.
Read MoreMoonshot AI's valuation skyrocketed from $4.3B to $35B in just over half a year, a more than 10x increase. Its funding rounds are tightly synchronized with major model releases (K2.5 to K3), with each upgrade triggering new capital. Model capability has become the core driver for its market valuation, with a Pre-IPO round targeting a $50B pre-money valuation now underway.
Read MoreThe US has unveiled an $874 million investment plan to boost domestic semiconductor R&D. GlobalFoundries is set to receive up to $300 million in government funding to advance its chip manufacturing capabilities, marking a strategic move to strengthen the US semiconductor supply chain.
Read MoreSouth Korea's BNK Investment & Securities, which previously warned of a market downturn, has slashed its target price for SK Hynix from 1.85 million to 1.48 million won. The report cites persistent demand slowdown, competitive capacity expansion raising oversupply fears, and increased competition from China's CXMT IPO as key headwinds, limiting near-term rebound potential despite oversold conditions.
Read MoreRussia's central bank has released draft rules for crypto exchanges and custodians, introducing capital requirements up to $3 million and setting annual investment limits for retail investors. The regulations supplement existing digital asset laws, with a compliance transition period extending to 2027.
Read MoreSouth Korean regulators are proposing to restrict trading of single-stock leveraged products to professional investors only, with a potential leverage cap of 2x. The move targets market volatility risks and retail investor protection, signaling a tightening grip on high-risk derivatives.
Read MoreThe Fed is widely expected to hold rates steady. TD Securities argues markets overprice hike risks. If the Fed delays cuts as expected, the dollar could face sustained weakness, potentially falling 2% by late 2026.
Read MoreSelini Capital's founder Jordi Alexander refuted rumors of a HYPE sell-off, clarifying that transferred tokens are used for ecosystem activities like fee staking and market making. He also expressed confidence that major investors like Paradigm and Multicoin aren't selling, noting HYPE's valuation is reasonable with growth potential tied to monetizing traditional finance volume.
Read MoreStorage chip stocks reversed early losses in pre-market trading on July 29. Major players like Micron and SK Hynix turned positive, with Seagate and Western Digital also rising, indicating shifting market sentiment toward the sector.
Read MoreIran has rejected Oman's proposal for joint management of the Strait of Hormuz, demanding that all inbound shipping lanes fall entirely within Iranian waters, with outbound routes also partially under its control. Tehran insists management should be decided solely by Iran and Oman based on their respective shares, excluding external influence. The US and Saudi Arabia are reportedly pressuring Oman over alternative plans.
Read MoreJPMorgan expects the Bank of Japan to keep rates unchanged at this week's meeting. Weakening inflation and sluggish wage growth justify market pricing for a dovish stance, with only one full hike priced in by year-end.
Read MoreBlackRock and Meta have formed a joint venture to develop a $14 billion AI data center campus in Texas. This move deepens BlackRock's investment in AI infrastructure, boosting investor sentiment and driving its pre-market stock price up around 2%.
Read MoreSouth Korea's top financial regulators have publicly apologized for the market turmoil caused by single-stock leveraged ETFs. They acknowledged failing to meet public trust and pledged to restore market stability and investor confidence, following criticism that these products amplified volatility and losses.
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