24/7 Blockchain industry dynamics and breaking crypto news
A June NY Fed survey reveals consumer inflation expectations remained stable in May, with short-term views slightly down and medium-term outlooks anchored near 3%. Labor market perceptions showed minor shifts, though job-finding optimism dipped. This stability offers the Fed encouraging data amid inflation concerns.
Read MoreGoldman Sachs and JPMorgan Chase are reportedly developing futures products tied to GPU rental prices. This move signals Wall Street's growing interest in the high-performance computing infrastructure market, aiming to create new risk management tools for tech firms.
Read MoreU.S. stocks related to cryptocurrency and blockchain technology saw broad gains recently. BMNR surged nearly 8%, while Strategy and Coinbase rose over 5%. Circle gained almost 4%, and Robinhood followed with a nearly 3% increase, signaling renewed market interest in the digital asset sector.
Read MoreBitcoin has surged past the crucial $64,000 mark, trading around $64,041 with over a 3.4% gain in 24 hours. Heightened market volatility underscores the influence of macroeconomic factors and institutional inflows. Caution and risk management are advised.
Read MoreCiti has revised its gold price forecast, lowering its 3-month target from $4,300 to $4,000 per ounce. However, the bank maintains its bullish long-term outlook, holding the 6-12 month target steady at $5,000, indicating confidence in gold's sustained value.
Read MoreWall Street firm Citadel Securities warns that booming AI investment, tight energy markets, and a strong labor market are fueling growth and inflation risks. The Federal Reserve's next move is most likely—and could come soon—to be another rate hike. Investors must prepare for tighter financial conditions.
Read MoreThe Nasdaq 100 index jumped 2%, fueled by strong performances in the tech sector. Investor sentiment improved amid earnings reports and interest rate expectations, signaling renewed confidence in growth stocks.
Read MoreThe port city of Tyre in southern Lebanon has become the focus of renewed military attention. Recent developments highlight escalating regional tensions, drawing international concern over potential impacts on local communities.
Read MoreBloomberg reports FTX founder Sam Bankman-Fried has formally applied for a presidential pardon while serving a 25-year sentence. Despite months of family lobbying, Trump has previously rejected clemency, with crypto-friendly GOP lawmakers also opposing the move as politically charged.
Read MoreOn June 8th, a powerful coalition of over 200 crypto firms, associations, and community groups sent a joint letter urging the U.S. Senate leadership to hold a full floor vote on the CLARITY Act. This bipartisan bill, already passed by the Banking Committee, seeks to establish clear rules for digital assets, enhance consumer protection, and foster innovation within the United States.
Read MoreEDGE Markets, a financial infrastructure provider for gaming, crypto, and prediction markets, has raised $29.2 million in Series A funding led by CoinFund. The capital will fuel the launch of its high-throughput EDGE Pro product for market makers and support regulatory licensing efforts to enhance institutional capital efficiency.
Read MoreUS stocks opened sharply higher on Monday, led by a tech rebound. The previously battered semiconductor and optical communication sectors saw broad-based gains, with Intel, Micron, and Corning among the top advancers, signaling renewed investor confidence.
Read MoreCiti raises its year-end target for the S&P 500 to 8100, forecasting that AI-driven corporate profit growth will become the market's primary engine, surpassing valuation expansion as the key driver in the coming years.
Read MoreOn June 8th, Intel's stock price surged over 10% in pre-market trading. Reports indicate that Google has placed a substantial order for more than 3 million TPU processors with Intel, boosting investor confidence in the chipmaker's growth prospects.
Read MoreFacing TSMC's capacity constraints, AI giants like Google and Nvidia are quietly turning to Intel as a backup chip manufacturer. This strategic shift signals a potential realignment in global semiconductor supply chains and has sparked a positive market reaction for Intel.
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