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VISA reported strong Q3 results, with net revenue reaching $11.6 billion, surpassing market estimates of $11.4 billion. Adjusted earnings per share came in at $3.32, also beating the forecast of $3.23, highlighting resilient payment volume growth.
Read MoreOvernight developments suggest crypto markets may have bottomed, per Tom Lee. Morgan Stanley launched Ethereum and Solana ETPs, signaling institutional adoption. Zcash completed a major privacy upgrade, while the U.S. CLARITY Act gained support, though stablecoin yield provisions face scrutiny.
Read MoreGold prices extended losses ahead of the Fed's rate decision, trading near $4020. Market expectations for a 25-basis-point hike remain divided, with inflation data and oil price spikes complicating the outlook. Despite a significant pullback since the conflict began, dip-buying near the $4000 level provides key support.
Read MoreSK Hynix's latest earnings reveal that HBM4 memory entered mass production in Q2, with plans to expand output in the second half. HBM4E samples have also been delivered, utilizing an advanced, stable process. The company aims to solidify its HBM market leadership through high quality, yield, and cost competitiveness.
Read MoreThe US Central Command stated that Iran's Islamic Revolutionary Guard Corps launched multiple ballistic missiles from its territory on July 28, targeting US forces in the Middle East. All missiles were reportedly intercepted. US forces remain on high alert. Iran has not yet issued a public response.
Read MoreSK Hynix reported surging profits driven by AI data center demand for HBM chips, but still missed overall earnings estimates. Its heavy reliance on premium memory caused it to miss out on broader chip price hikes, sparking concerns about an AI slowdown and triggering a sharp stock sell-off.
Read MoreSK Hynix reported Q2 operating profit of 60.54 trillion won, missing expectations. Revenue reached 79 trillion won. The results highlight a strong market recovery, with DRAM and NAND flash chip prices surging approximately 30% and 50-55% quarter-over-quarter, respectively.
Read MoreBitcoin miner and AI infrastructure firm Ionic Digital debuted on Nasdaq via direct listing on July 29, trading under IOND. Shares surged over 25%, implying a $2.75 billion valuation. The company holds 2,861 BTC and is shifting power capacity toward long-term AI compute leases, marking a strategic pivot from pure mining.
Read MoreWTI crude futures surged 4% to $82.581 per barrel on July 29, driven by escalating geopolitical tensions, supply concerns, and shifting demand expectations. The sharp move highlights heightened volatility in energy markets.
Read MoreOn-chain data reveals that Multicoin Capital unstaked $71.1M worth of HYPE tokens from Hyperliquid. Following the mandatory 7-day waiting period, the firm transferred $5.6M of those tokens to Coinbase, signaling potential market activity.
Read MoreAI data center developer Hyperscale Data has purchased an additional 18.59 bitcoin, bringing its total holdings to 1,106.04 BTC. This move solidifies its position as the 41st largest corporate holder on the BitcoinTreasuries ranking, highlighting continued institutional interest.
Read MoreMarket pricing suggests a high probability (69.5%) the Fed will hold rates steady this week. However, expectations for September are more mixed, with over a 50% chance of a 25-bps hike, indicating the inflation fight continues.
Read MoreAmerica's Credit Unions and state leagues endorse the CLARITY Act's framework but express strong concerns over provisions that could permit "functionally passive" stablecoin yields. They warn this might drain deposits from local credit unions and urge the Senate to tighten the rules.
Read MoreA U.S. official stated that a coordinated navigation plan for the Strait of Hormuz is under discussion, centered on not charging passage fees to vessels. Iran's demands in negotiations were deemed excessive and rejected by Oman, the U.S., and the international community.
Read MoreAt the close of New York trading on July 29, the offshore yuan (CNH) was quoted at 6.7711 against the US dollar, down 56 basis points from the previous session. The currency fluctuated within a range of 6.7640 to 6.7737 throughout the day, reflecting cautious market sentiment.
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