24/7 Blockchain industry dynamics and breaking crypto news
On July 15th, US storage chip stocks faced a broad sell-off, with losses deepening throughout the session. SanDisk led the decline, plunging 10%, while Western Digital and Seagate fell over 7%. SK Hynix dropped more than 6%, and Micron Technology declined over 5%. The sell-off signals mounting pressure from weak demand and inventory adjustments across the sector.
Read MoreThe Bank of Canada warns of inflation risks from cost pass-through and weak productivity, while forecasting Brent crude could fall to around $70 by late 2027. It raised export outlooks but stressed high oil price uncertainty.
Read MoreIranian power authorities in Tehran province have confiscated 187 illegal cryptocurrency mining machines from two industrial sites. The crackdown highlights ongoing efforts to curb unauthorized, energy-intensive crypto mining operations.
Read MoreSK Hynix's US-listed ADR plunged over 9%, sharply narrowing its premium to the Korean shares from 51% to around 26%. The sell-off spread across the memory sector, dragging down other major chip stocks and indicating a shift in market sentiment.
Read MoreCiti adjusted Microsoft's price target to $570 from $620, citing valuation compression in the software sector. However, the firm maintains a "Buy" rating, anticipating strong Q4 results. Growth is expected to accelerate in FY2027, driven by Azure and M365 Copilot.
Read MoreStrong demand for server CPUs is forecasted, fueled by cloud computing expansion and AI agent applications. The global market is projected to surge from $35.2B in 2025 to $170.1B by 2030, achieving a 37.1% CAGR, significantly exceeding earlier estimates.
Read MoreMajor US stock indices opened higher, led by tech gains. BlackRock surged over 8% as assets surpassed $15 trillion on strong inflows. Alibaba rose on AI integration news with Apple, while some semiconductor stocks pulled back.
Read MoreThe debate over tolls in the Strait of Hormuz could set a perilous precedent. If key global chokepoints follow suit, potential annual revenues could exceed $136 billion, driving up shipping costs, intensifying geopolitical tensions, and fragmenting the global trade system.
Read MoreIndustry reports indicate that ByteDance and ZTE's Nubia will release multiple AI smartphone models this year. One model is slated for unveiling during the 2026 World AI Conference, with total inventory estimated around 200,000 units and initial shipments under 100,000. ZTE has not yet officially commented.
Read MoreThe CEO of Morgan Stanley suggests AI-related capital expenditure could reach $10 trillion over coming years. This forecast highlights the massive commercial scaling of AI technology, set to reshape global investment landscapes and economic structures fundamentally.
Read MoreThis digest covers key market developments on the evening of July 15. Tech highlights include Apple's AI features in China partnering with Alibaba, DeepSeek's nearing $5B revenue fueling IPO plans, and market interest in CXMT's Pre-IPO product. Macro news features a $100B US-Iran conflict estimate, UK's digital bond plans, and cooling Fed hike expectations.
Read MoreOn-chain activity reveals a notable shift by investment firm Abraxas Capital. Within three hours, it withdrew over 8,000 ETH from exchanges while depositing more than 600 BTC, signaling a potential rotation in institutional crypto asset allocation.
Read MoreEthereum has decisively broken through the key $1900 resistance level, trading above $1903 with over 3% gains in 24 hours. Market volatility has intensified significantly, prompting analysts to advise caution and robust risk management.
Read MoreA Federal Reserve official highlights robust economic growth in line with trends. While Middle East conflicts pose supply chain risks, the U.S. economy has shown resilience. The labor market exhibits notable strength and stability. However, the full impact of the AI investment surge on growth, jobs, and inflation remains highly uncertain.
Read MoreDTCC is collaborating with major financial institutions to tokenize traditional assets like Microsoft stocks and U.S. Treasuries. The initiative aims to enhance capital efficiency and modernize financial infrastructure through blockchain-based collateral and repo transactions.
Read More