24/7 Blockchain industry dynamics and breaking crypto news
Iran has firmly rejected Oman's proposal for joint management of the Strait of Hormuz, dismissing any 50-50 sharing arrangement. Tehran insists on exclusive control over key shipping lanes, willing to negotiate only based on respective maritime boundaries. The decision underscores Iran's uncompromising stance on the strategic waterway amid external pressures.
Read MoreSouth Korea's stock market plunged for a second day, with the KOSPI index potentially posting its worst monthly loss ever. Chipmaker SK Hynix saw its value drop by roughly 20% in two days following disappointing earnings, dragging down the broader market as investors cut holdings ahead of key tech earnings reports.
Read MoreOn July 29, an anonymous cryptocurrency trader generated over $1.2 million in profit within 7 hours by trading the meme token PIPEDOG, achieving a staggering 77x return. Starting with a $16,000 investment, the trader's strategic moves resulted in a remaining portfolio worth over $1 million, marking one of the most remarkable short-term trades recently.
Read MoreAttorneys general from 44 U.S. states have formally opposed the CFTC's proposed rules for sports prediction markets, arguing the agency lacks authority and that sports betting regulation belongs to states, escalating a federal-state power struggle.
Read MoreEthereum (ETH) has fallen below the key $1,900 level, currently trading around $1,899.69. Despite a 24-hour gain, market volatility is pronounced. This article examines the price action and offers essential risk management considerations for traders navigating the uncertainty.
Read MoreA recent Hong Kong summit on intelligent computing infrastructure explored AI's industrial applications, drawing leaders from chips, cloud services, data centers, and investment. Discussions centered on domestic hardware, global computing power, and AI-native applications, aiming to foster practical collaboration in computing transformation.
Read MoreUS spot Ethereum ETFs recorded a net inflow of $9.4 million on July 29, according to monitoring data. This figure highlights sustained investor interest and may signal shifting market dynamics.
Read MoreAn access control vulnerability in Crypto DAO's PRO token contract on BNB Chain led to a $52,000 exploit on July 28. The attacker repeatedly called an unprotected function to manipulate the PRO/USDT price in a single transaction, draining funds. The incident highlights critical smart contract security risks.
Read MoreOn July 29, South Korea's KOSPI index plummeted over 8%, triggering the market circuit breaker and falling below the 5600-point threshold. This marks the ninth circuit breaker event this year and the second consecutive trading day of such volatility.
Read MoreAs SKHX prices continue to decline, a major cryptocurrency whale has secured substantial profits through a short position. On-chain data reveals over $10 million in unrealized gains plus approximately $1.23 million in funding fee income, highlighting sophisticated trading strategies in a bearish market.
Read MoreA Reuters survey reveals analysts have cut gold price forecasts for the first time since late 2023. Despite the pullback from record highs, persistent central bank purchases and fiscal sustainability concerns are seen as key supportive factors, with geopolitics and rate expectations driving recent volatility.
Read MoreOpenAI has open-sourced Codex Security CLI, a tool enabling developers to automate security scans, track issues across runs, verify fixes, and integrate checks into CI/CD pipelines. Currently in early release, it will evolve based on user feedback.
Read MoreCryptocurrency payment service provider MoonPay hinted at a major announcement on July 29 via social media platform X, scheduled for the following day. The brief teaser has sparked speculation within the crypto community about potential new partnerships, product launches, or strategic expansions.
Read MoreSouth Korea's KOSPI index plunged over 7% on July 29, falling below 5600 points. The index has now dropped 40% from its record high set on June 19. Tech giants like Samsung Electronics and SK Hynix led the selloff, raising concerns about the market's outlook.
Read MoreDespite recent cooling inflation and employment data, escalating Middle East tensions could reverse progress. Analysts warn if the Fed sees entrenched inflation expectations, a July hike is needed. Delaying to September near midterm elections would invite political scrutiny and criticism.
Read More