24/7 Blockchain industry dynamics and breaking crypto news
BitMine chairman Tom Lee attributes recent tech stock volatility to institutional fund reallocation for SpaceX's massive $75B IPO. He views the pullback as healthy and expects buying interest to emerge, maintaining a positive outlook for tech leadership.
Read MoreAs Cambodia cracks down, cyber scam networks are relocating to Sri Lanka. The country's legal gaps, easy telecom access, and informal money transfer systems create a haven, with cryptocurrency potentially facilitating illicit fund flows, raising regulatory alarms.
Read MoreBrent crude oil prices experienced a notable decline, dropping over 1% to fall below the key $90 per barrel threshold. This movement reflects growing market concerns about global economic prospects and shifts in supply-demand expectations.
Read MoreTSMC, the world's leading semiconductor foundry, reported strong May revenue of NT$416.98 billion, up 30.1% year-over-year. Cumulative sales for the first five months hit NT$1.96 trillion, showcasing resilient growth in the sector.
Read MoreBank of America has significantly raised its price target for Oracle Corporation (ORCL) from $200 to $240, reflecting strong confidence in its future business growth. Analysts highlight the company's ongoing innovation in cloud services and AI as key drivers for long-term expansion.
Read MoreMarket sources indicate South Korea has absorbed approximately $1.5 billion in forex demand linked to a major tech IPO. This absorption has alleviated short-term downward pressure on the Korean Won, stabilizing the currency's trajectory.
Read MoreThe Sandbox has launched The Sandbox Studio, an AI-powered game engine for creators, now open for early access applications. It dramatically lowers development barriers, enabling users to transform ideas into publishable games, marking a new era for UGC and metaverse creation.
Read MoreThe release of Anthropic's Claude Fable 5 model has ignited security concerns across the crypto community. Experts warn it could dramatically lower the barrier to finding smart contract vulnerabilities, putting unaudited protocols at unprecedented risk despite built-in safeguards.
Read MoreNasdaq-listed miner BitFuFu produced 177 BTC in May, a 22.1% monthly increase. For the first time, self-mined output exceeded 50% of total production. The company is shifting resources to self-mining to accumulate BTC reserves, which now stand at 1,855.
Read MoreIran's Foreign Ministry condemned US military strikes on southern Iran, calling them a violation of international law. Iran stated it exercised self-defense against US targets and urged regional nations to prevent their territory from being used for aggression against Iran.
Read MoreUniswap's founder criticizes a new AI model's security mechanism for broadly blocking cybersecurity-related queries. He argues this indiscriminate filtering harms legitimate white-hat research, as defensive and offensive technical patterns are often indistinguishable, ultimately weakening ecosystem security.
Read MoreA major cryptocurrency exchange is rolling out perpetual contracts for six popular TradFi assets, including Zoom and DraftKings, settled in USDT. This move bridges traditional finance with crypto, expanding investment options. Official launch times have been announced.
Read MoreA new Reuters poll reveals economists expect the Bank of Japan to tighten policy faster than previously thought. The key rate is now forecast to hit 1.50% by Q2 2027, a quarter earlier than last month's projection, signaling an accelerated path towards policy normalization.
Read MoreOn June 10, South Korea's KOSPI index experienced a sharp intraday decline of 5%, triggering a market circuit breaker. The index fell to 7691.62 points, prompting the exchange to suspend all program trading in the KOSPI market to prevent further volatility and stabilize investor sentiment.
Read MoreA trading platform clarifies that its IPOP perpetual contracts are price-tracking instruments, based solely on expected single-share prices. Share counts and total market capitalization are not inputs for its mechanisms. Educational examples causing confusion have been removed from documentation.
Read More