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A 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 MoreSouth Korea's KOSPI index plummeted 6% on July 29, triggering market concerns. Finance Minister Joo Yeong-cheol stated the government is internally reviewing stabilization measures, including potential adjustments to single-stock leveraged ETF regulations.
Read MoreSK Hynix has confirmed it is negotiating 2027 supply and pricing for High Bandwidth Memory (HBM) with key clients. The company detailed a complex pricing model that factors in advanced processes, packaging, and capacity investments, aiming to ensure long-term profitability and sustainable growth in the AI memory market.
Read MoreOman has proposed a joint regional mechanism with Iran to manage the Strait of Hormuz, modeled on the Malacca Strait's voluntary funding system for environmental protection and search-and-rescue operations. Some regional countries support the plan, but Iran has not yet responded.
Read MoreOn July 29, South Korea's KOSPI index tumbled sharply, closing below the key 5800-point level—its lowest since April—with a daily drop of 4.5%. The sell-off was led by tech giants, with SK Hynix plunging over 8.3% and Samsung Electronics down nearly 4%, highlighting growing concerns over the semiconductor sector and broader economic headwinds.
Read MoreARK Invest, led by Cathie Wood, significantly adjusted its portfolio by purchasing $12.2 million in SpaceX stock while selling shares of Block, Bullish, and Robinhood. The $4 million reduction in Robinhood highlights a strategic shift towards long-term bets in aerospace technology.
Read MoreAI data security leader Cyera has agreed to acquire Oasis Security for approximately $1 billion. This strategic move follows Cyera's recent acquisitions and aims to create a unified identity and data security platform. Despite a massive $12 billion valuation, Cyera continues to invest heavily in growth.
Read MoreOn July 29, South Korea's KOSPI index plummeted 6% in a single day, triggering severe market turmoil. The Ministry of Economy and Finance announced it is conducting an internal emergency review of measures to stabilize the stock market, highlighting the government's urgent response to the crisis.
Read MoreOn July 29, China's A-share lithography equipment sector continued its decline, with stocks plunging across the board. Maolai Optics led the drop, crashing over 16%, while several other key players saw double-digit losses. The sell-off reflects concentrated market concerns about the sector's near-term outlook.
Read MoreSouth Korean stocks swung sharply, with the KOSPI index giving up early gains to close lower. Despite hopes for bargain-hunting and external catalysts, a major domestic chipmaker's strong quarterly earnings still fell short of AI-driven investor expectations, reversing its stock rally and highlighting fragile market sentiment.
Read MoreBlockchain data reveals a potential strategic shift by an a16z-linked entity, which accumulated $7.3M worth of HYPE tokens in 8 hours after recent sell-offs. The same address had deposited nearly $25M worth of HYPE to exchanges earlier this month, making this buy-back move a significant point of market analysis.
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