24/7 Blockchain industry dynamics and breaking crypto news
President Trump's call to end Daylight Saving Time in the US sparks debate over public health, economic impact, and daily life. The proposal could signal a major shift in time policy.
Read MoreSK Hynix's U.S.-listed shares have fallen below their IPO price shortly after debut, joining a list of large 2024 offerings to stumble. The broader semiconductor sector faces selling pressure amid concerns over high valuations and rising credit risk costs for key players.
Read MoreNVIDIA CEO Jensen Huang is traveling to Washington this week to meet with lawmakers, focusing on U.S. leadership in AI and the role of open-source development. The visit comes amid heightened concerns over AI security threats. Huang has recently advocated for open-source models, emphasizing their value for security and innovation. His itinerary coincides partially with OpenAI's Sam Altman's planned meetings, though the discussions are separately arranged.
Read MoreApple is being sued in a US federal court by three users who lost over $1.8 million in Bitcoin to a fake crypto wallet app on the App Store. The lawsuit challenges Apple's security claims, alleging its review process failed to prevent the scam app from impersonating a legitimate wallet not even available on iOS.
Read MoreUS stock indices closed mixed on July 28th. The Dow rose 0.51%, the S&P 500 edged up 0.02%, while the Nasdaq fell 0.18%. Apple surged over 1% to a record high, nearing a $5 trillion market cap and reclaiming the top global spot. The optical communications and storage sectors faced heavy selling pressure.
Read MoreCME Group has launched cash-settled single-stock futures on 77 U.S. equities, including 55 standard and 22 micro contracts. These products enable nearly 24/5 leveraged trading, allowing investors to react to earnings and market events outside regular hours.
Read MoreMorgan Stanley reports a significant shift in investor positioning ahead of key central bank meetings. Data reveals a notable increase in bullish dollar bets and concentrated selling pressure on the British pound. Divergent strategies between asset managers and leveraged funds highlight contrasting views on major currency outlooks.
Read MoreOn July 28, the onshore yuan demonstrated strength against the US dollar, closing at 6.7625, a gain of 77 pips from the previous session's night close. Trading volume reached $29.356 billion, indicating active market participation and reflecting recent dynamics in the foreign exchange market.
Read MoreData suggests AI-discovered software vulnerabilities will double in 2026. Major tech firms recently patched record numbers of flaws. Experts warn AI is accelerating vulnerability discovery at an unprecedented scale, demanding new defense approaches.
Read MoreOn July 28, Microsoft AI launched its self-developed cybersecurity model, MAI-Cyber-1-Flash. Designed to enhance threat detection and response through advanced AI, it offers smarter, proactive security solutions for enterprises.
Read MoreTD Cowen slashed Nakamoto's price target by 58% to $17 but kept its "Buy" rating. The adjustment reflects pressure from Bitcoin's price decline on the company's leveraged capital structure. While the new target implies upside potential, the stock remains highly sensitive to crypto market volatility.
Read MoreU.S. Treasury Secretary Janet Yellen announced that the "Trump Accounts" program has enrolled over 7 million children, calling it the most successful launch in government history. The initiative aims to help families build long-term wealth through stock market investments.
Read MoreTrading in South Korea's single-stock leveraged and inverse ETFs, focused on Samsung and SK Hynix, cooled sharply on July 27. Daily turnover plunged below 10 trillion won to 7.46 trillion, down 27% from the previous day. The decline is largely attributed to upcoming regulatory changes effective July 31, which raise margin requirements and aim to curb short-term speculation.
Read MoreOn-chain data indicates Bitcoin consolidating between $64K-$65K. Market shows caution with declining leverage demand, outflows from regulated products, and weak on-chain activity. Long-term holders remain steady, providing resilience during this transitional phase of easing sell pressure.
Read MoreNVIDIA announced a multi-year strategic partnership and billions in funding for Safe Superintelligence (SSI), founded by OpenAI's former chief scientist Ilya Sutskever. SSI will leverage NVIDIA's latest computing platform, aiming for a tenfold increase in computational capacity to advance its breakthrough AI research.
Read More