24/7 Blockchain industry dynamics and breaking crypto news
Samsung is reportedly considering outsourcing the backend design for a key I/O module in Google's next-generation 2nm Tensor Processing Unit (TPU), codenamed 'Icefish'. This move comes as the foundry grapples with surging orders and strained internal engineering resources.
Read MoreThe U.S. Senate unanimously passed a resolution opposing clemency for FTX founder Sam Bankman-Fried. The non-binding vote signals strong bipartisan skepticism toward crypto fraud, even as SBF serves a 25-year sentence. The move highlights ongoing regulatory scrutiny in the industry.
Read MoreFormer NY Fed economist warns the new Fed chair’s aggressive hawkish start may create a ‘credibility trap.’ If upcoming inflation data shows noise, he could be pressured to hike rates to maintain his tough stance—even if unjustified—limiting policy flexibility.
Read MoreBinance Futures has launched USDⓈ-M perpetual contracts for MUU, SOXS, and TZA pairs, effective July 16. This expansion enhances the platform's derivatives offerings, providing traders with new tools for portfolio diversification and risk management.
Read MoreSouth Korea's Financial Services Commission announced new regulations on July 16, targeting single-stock leveraged ETFs. The rules significantly raise margin requirements for chip-related leveraged ETFs and ban new single-stock leveraged products. This move aims to control financial market risks, particularly for volatile semiconductor sector investments.
Read MoreThe U.S. House Financial Services Committee holds a field hearing on July 18th to examine the CLARITY Act. This legislation seeks to establish a clear regulatory framework for digital assets and blockchain, potentially unlocking significant financial innovation and shaping the future of U.S. fintech policy.
Read MoreOn July 16, major Asia-Pacific stock markets plunged. Japan's Nikkei 225 fell nearly 3%, while South Korea's KOSPI index crashed over 6%, marking its worst single-day drop recently. Tech giants Samsung and SK Hynix led declines. South Korean regulators pledged measures to address volatility exacerbated by leveraged ETFs linked to major stocks.
Read MoreIran's military warned on July 16 that if US attacks on its infrastructure continue, it will retaliate symmetrically against all regional infrastructure. Iran also declared the Strait of Hormuz a 'red line', opposing any US interference. Tensions escalate.
Read MoreA senior Iranian military spokesman warned on July 16th that Iran will retaliate against all regional infrastructure if attacks on its own facilities by US forces continue. Iran also declared the Strait of Hormuz a "red line," firmly opposing any US interference, escalating regional tensions.
Read MoreOstium, a Perp DEX, remains in trading suspension after a security breach. User positions and collateral are frozen while the team investigates the theft of ~$24M USDC, partially transferred to Tornado Cash. Recovery timelines are pending further updates.
Read MoreA Visa and Artemis report reveals AI agent payments are now operational in real commerce. It highlights stablecoins' superiority over credit cards for high-frequency micropayments, while identifying legal challenges like liability. The future lies in hybrid payment models.
Read MoreU.S. producer prices rose less than expected, signaling easing inflationary pressures. The data strengthens market expectations that the Federal Reserve will hold interest rates steady, providing policymakers more room to balance inflation control with labor market stability.
Read MoreHyperionDeFi announced its return to the Hyperliquid HIP-3 market alongside a new institutional listing service. This move advances its 'Triple-Dip' strategy, leveraging staked assets, new revenue streams, and partner equity to drive platform growth.
Read MoreAn emerging US-focused crypto perpetuals platform, still in private beta, suffered a suspected vault exploit resulting in ~$1.3M in user funds loss. All trading and withdrawals are suspended as external security teams investigate. The incident highlights security risks during early platform stages.
Read MoreU.S. spot Bitcoin ETFs saw a net inflow of $107.7 million yesterday, marking a potential shift in investor sentiment after recent outflows. This resurgence could signal renewed confidence in the cryptocurrency market.
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