24/7 Blockchain industry dynamics and breaking crypto news
On July 29, Swedish-listed Bitcoin Treasury Capital ($BTCB) announced it has fully repaid all its interest-bearing debt using proceeds from a new preferred share issuance, achieving a debt-free status. This move significantly strengthens the company's financial position.
Read MoreThe Federal Reserve announces its July policy decision at 2 a.m. ET Thursday, followed by Chair Powell's press conference. Markets widely expect rates to be held steady, but will scrutinize the statement language, economic projections, and Powell's tone on inflation for clues about the future path.
Read MoreSolana has officially activated 100 million Compute Unit (CU) blocks on its mainnet, increasing the per-block CU limit from 60 million by 66% as per SIMD-0286. This upgrade significantly boosts network capacity and paves the way for higher throughput applications.
Read MoreSpaceX stock has plunged roughly 50% from its June peak, dramatically reversing its post-IPO momentum. It now underperforms about 80% of major Nasdaq IPOs, despite continued retail investor buying. The first lock-up expiration is set for August 2026.
Read MoreAsset manager Citadel, defying broad market consensus, predicts a potential surprise 25-basis-point Fed rate hike this week to reinforce policy independence. Crypto and traditional analysts largely expect a hold. Bitcoin has retreated from recent highs amid cautious trading. This article analyzes the divergent views and market implications.
Read MoreA new phishing campaign targets Web3 professionals through fake job interviews. Attackers pose as recruiters to trick victims into installing a malicious application disguised as an AI meeting tool called "Relay," designed to steal sensitive data including browser credentials and crypto wallet information. Stay vigilant with unsolicited software.
Read MoreOn July 29, Japanese and South Korean stock markets tumbled. The KOSPI index plunged nearly 6%, triggering circuit breakers for two consecutive days after an intraday drop exceeding 12%. Semiconductor giants SK Hynix and Samsung Electronics led the decline, with the Nikkei 225 also falling over 1.4%.
Read MoreMeta CEO Mark Zuckerberg argues the defining question is not if superintelligence will exist, but who will control it. He warns against dangerous concentration in few hands, which would control economy, science, and politics, advocating for democratized AI as a tool for all.
Read MoreOn July 29, South Korea's exchange triggered a circuit breaker on the KOSDAQ index, halting trading for 20 minutes due to sharp market volatility. The move highlights tense investor sentiment and the regulatory response to extreme market moves.
Read MoreLeveraged ETFs linked to South Korean chip stocks plummeted in Hong Kong markets on July 29. A 2x long SK Hynix ETF plunged nearly 26% in a single day, with cumulative losses exceeding 80% since July, drastically shrinking its asset size. A similar Samsung-linked product also tumbled, highlighting the extreme risks of leveraged instruments during sector volatility.
Read MoreLeading South Korean exchange Bithumb will list RLUSD and AEON for KRW trading on July 29. This move expands its fiat gateway offerings, providing users with more asset options and potentially enhancing liquidity for these tokens.
Read MoreBitcoin has surged above the $64,000 resistance level, trading near $64,000 with nearly a 1% gain in 24 hours. Market volatility is high, requiring investors to focus on risk management while assessing potential opportunities.
Read MoreOn-chain monitoring reveals a wallet linked to Selini Capital transferred 495,473 HYPE tokens (worth ~$26.8M) to OKX within an hour. This massive deposit is widely seen as a potential signal of institutional selling, putting HYPE's price action in the spotlight.
Read MoreUzbekistan has officially launched its first tax-free cryptocurrency mining zone, Besqala Mining Valley. The zone offers tax exemptions until 2035, while miners will pay a 1% revenue fee and double the standard electricity rate, aiming to attract investment and regulate the sector.
Read MoreOn July 29, the Nikkei 225 index experienced a sharp decline, with intraday losses reaching 3%, closing at 60490.58 points. This significant drop has heightened market concerns. This article analyzes the context, potential drivers, and implications for investment strategies.
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