24/7 Blockchain industry dynamics and breaking crypto news
Abnormal volatility hit the SK Hynix perpetual contract on Hyperliquid. The platform clarified the contract is independently operated, with an investigation underway. Results will follow. It also detailed its decentralized pricing mechanism for such markets.
Read More360 has launched "Nano Work," an AI-powered work platform designed for small and medium enterprises. Founder Zhou Hongyi announced 100 million free tokens for the first 1,000 businesses, along with training support to accelerate AI adoption and operational efficiency.
Read MoreEtherscan announced that its multi-chain explorer Blockscan now supports Bitcoin address queries. Users can input any BTC address to view portfolio value, net assets, and complete transaction history, enhancing on-chain data analysis for Bitcoin.
Read MoreU.S. tech stocks mostly edged lower in premarket trading on July 28th. Memory chip makers led declines, with Micron Technology down 5% and SK Hynix falling 4%. Nvidia and Tesla also dipped, while Microsoft and Meta saw slight gains, highlighting mixed market sentiment.
Read MoreIMF reports crypto cross-border flows in Brazil now exceed traditional capital movements, driven by stablecoins and linked to mainstream finance. It urges authorities to close regulatory gaps, strengthen AML measures, and enhance cross-border cooperation to mitigate systemic risks.
Read MoreU.S. optical communication stocks continued their decline in pre-market trading, extending losses from the previous session. Multiple key stocks saw notable drops, with AXT, Astera Labs, and Viavi Solutions falling over 4%. More than ten other stocks, including Applied Optoelectronics, Coherent, and Corning, declined over 3%, indicating growing market concerns about the sector's near-term outlook.
Read MoreBitcoin spot trading volume has plunged over 75% from its late-2024 peak, hitting levels last seen during the 2023 bear market. Analysts cite macro pressures, stock market liquidity drain, and weak speculative demand as key factors hindering recovery.
Read MoreChina's exports of industrial robots and 3D printers surged by 18.6% and 109.3% respectively in H1. Officials state these AI-related products have become a "new calling card" for foreign trade, signaling a shift toward high-tech manufacturing.
Read MoreThe USD/JPY trading range is shifting higher and wider to 157-165, from 155-160 previously. Increased volatility is expected, driven by the wide US-Japan interest rate gap, a potential shift in Japan's intervention tactics, and rising fiscal concerns. Exchange rate moves may become less predictable.
Read MoreChina's Ministry of Commerce has strongly criticized the U.S. for launching a 301 investigation into alleged overcapacity, calling it unilateralism that disrupts global economic order. China urged the U.S. to correct its approach and stated it will closely monitor developments while reserving the right to take necessary measures to defend its legitimate interests.
Read MoreBinance will remove eight spot trading pairs, including ERA/BNB and MAGIC/USDC, on July 31, 2026. Associated trading bot services will also end. Users are advised to update their strategies, though tokens remain tradable via other pairs.
Read MoreOn July 28, Japanese stocks suffered a severe setback, with the Nikkei 225 index plunging 2566.27 points, a sharp decline of 3.95%, closing at 62364.92. This significant drop reflects a rapid shift in market sentiment, with investor concerns about global economic prospects and policy uncertainties coming to a head.
Read MoreOn July 28, Samsung Electronics shares plunged 13.39%, marking its worst single-day drop since October 2008. The stock has now retreated 41% from its all-time high in June, triggering widespread concern over the tech sector's outlook.
Read MoreThe Bank of Japan is widely expected to keep its policy rate steady at 1% this week, entering an assessment phase after June's hike. Markets will scrutinize updated economic and inflation forecasts for clues on future moves, with persistent yen weakness adding pressure. Analysts flag a potential earlier hike if the yen slides sharply.
Read MoreStable, a stablecoin-focused Layer 1 blockchain, has processed over 1 million transactions in a single day, setting a new record. Transaction volume surged more than 700% in just two days, pushing some RPC mempools to capacity. The network remains operational while the team scales RPC infrastructure.
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