24/7 Blockchain industry dynamics and breaking crypto news
OpenAI has introduced two new transcription models, GPT-Live-Transcribe and GPT-Transcribe, to its API. These models offer enhanced contextual understanding and superior accuracy for real-world audio, including diverse accents, technical terms, and speech in noisy environments.
Read MoreUS President Trump and Ukrainian President Zelenskyy held a closed-door meeting at the White House. Discussions centered on potential Ukrainian involvement in producing Patriot missile interceptors and revitalizing diplomatic efforts to resolve the ongoing crisis in Ukraine.
Read MoreOn July 29, the onshore yuan closed at 6.7710 against the US dollar in late trading, down 85 basis points from the previous session. Market activity was notable, with turnover reaching $30.995 billion. The recent two-way fluctuation of the RMB reflects real-time market responses to macroeconomic shifts.
Read MoreEthereum's Layer 2 ecosystem faces a major setback as Total Value Locked plunges to around $5 billion, erasing most of its 2024 gains. The top three networks dominate 96% of TVL, but growth momentum has stalled amid internal reshuffles at the Ethereum Foundation and traditional finance exploring alternative blockchains.
Read MoreEmployees from top AI labs like OpenAI and Anthropic are circulating a petition urging the US government to back an international mechanism for "conscious regulation" of advanced AI development speed. They warn that AI evolution may outpace human understanding and control, posing tangible risks.
Read MoreThe US President and Israeli Prime Minister held a one-hour meeting at the White House, with Iran's nuclear program as the central focus. Both sides reaffirmed their commitment to preventing Iran from obtaining nuclear weapons and discussed strengthening bilateral ties and expanding cooperation opportunities in the Middle East.
Read MoreMichael Saylor argues Bitcoin's greatest future challenge is internal erosion of its consensus rules, not external competition. He likens the protocol to a 'constitution' and warns that modifications for specific interests threaten its core value, long-term security, and stability. Innovation should occur on application layers, leaving the base protocol simple and neutral.
Read MoreThe U.S. President and Israeli Prime Minister held a White House meeting focusing on Iran's nuclear program and regional security. Both sides reaffirmed their commitment to prevent Iran from acquiring nuclear weapons and discussed strengthening bilateral ties and Middle East cooperation opportunities.
Read MorexAI has launched the Grok Build model, currently in early testing and exclusively available to SuperGrok Heavy subscribers. This model offers enhanced AI construction and customization capabilities, representing a key step in xAI's expansion into professional development tools.
Read MoreOn July 29, U.S. stocks tied to cryptocurrencies saw broad declines, with several major companies posting significant losses. The sell-off highlights growing investor anxiety about the near-term outlook for digital assets.
Read MoreAnalysts have cut gold price forecasts for the first time since late 2023, a Reuters poll shows, following a sharp retreat from record highs. However, persistent central bank purchases and fiscal sustainability concerns are expected to underpin the market and limit further declines.
Read MoreUS consumer confidence unexpectedly fell to 90.8 in July, pressured by high food and gas prices. Views on business conditions and the labor market deteriorated sharply, with the jobs-plentiful measure hitting its lowest since 2021, signaling a cooling market and deepening household concerns about the economic outlook.
Read MoreTom Lee, Wall Street analyst and Fundstrat co-founder, asserts the crypto market has bottomed. He cites sentiment shifts, technical indicators, and macro conditions, suggesting the toughest phase is over and providing a crucial turning signal for investors.
Read MoreTD Securities analysts suggest a Fed rate hold this week could trigger a knee-jerk dollar sell-off. However, any weakness may be limited as expectations for future hikes remain intact. The Fed is likely to reaffirm its inflation fight while acknowledging recent cooling data.
Read MoreEthereum co-founder Vitalik Buterin outlines Diamond iO, a novel cryptographic obfuscation technique. It allows programs to run while fully encrypted, hiding internal logic and data, and dramatically reduces previously prohibitive computational costs, opening new avenues for privacy computing and blockchain applications.
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