24/7 Blockchain industry dynamics and breaking crypto news
Hedge funds bought US stocks at the fastest pace in six months last week, driven by long positions in index products and ETFs along with short covering, Goldman Sachs reports. AI investment fervor and strong earnings propelled the S&P 500 to a nine-week winning streak, with the tech-heavy Nasdaq 100 up over 20% year-to-date.
Read MoreChengdu has unveiled a strategic plan to accelerate its foray into cutting-edge technologies like fusion energy, brain-computer interfaces, and quantum science. The city aims to establish future industry pilot zones and solidify its position as a national hub for advanced manufacturing and technological innovation.
Read MoreMajor crypto liquidity provider Wintermute has entered the prediction market arena, pledging to provide two-sided liquidity for leading platforms' prediction contracts. The move aims to reduce spreads, accommodate larger trades, and improve pricing reliability in a sector deemed to be in its early liquidity stages. Wintermute boasts over $3.5 trillion in annual trading volume.
Read MoreA crypto trader turned $2,480 into over $12.38 million, achieving a staggering 5,000x return on an early investment. After recently taking $2.38 million in profits by depositing tokens to an exchange, the address still holds a remaining portfolio worth $10 million on-chain.
Read MoreBank of America's Bull & Bear indicator surged to 8.5, triggering a sell signal. Historically, this has preceded global stock market declines. Despite index highs, market internals are weak with funds exiting equities. The report advises a shift to defensive assets.
Read MoreWTI crude oil prices surged over 3% on June 1, breaking through the $92 per barrel level. The sharp rise reflects renewed market optimism and supply-side pressures, indicating potential continued volatility ahead.
Read MoreTAO's price has fallen sharply, breaking below the crucial $250 support level to trade around $249.9. The asset recorded a 2.8% drop over 24 hours amid heightened market volatility, prompting calls for cautious risk management.
Read MoreShanghai has added three new generative AI services to its official registry, bringing the total to 169 approved services. This reflects the city's ongoing efforts to regulate and foster the safe development of AI technologies.
Read MoreNvidia futures open interest on decentralized exchange Hyperliquid has surged past $195 million, ranking fourth on its platform. This figure dramatically outpaces the $39.5 million in OI for similar contracts on Binance, highlighting a significant shift in trader preference and market dynamics for specific assets.
Read MoreOn June 1st, spot gold prices fell below the key $4,500 per ounce level, declining 0.90% intraday. This drop has prompted reassessments of the precious metal's near-term trajectory amid shifting economic indicators.
Read MoreRenewed US-Iran military tensions fueled market uncertainty, pushing the US dollar higher and supporting oil prices. While diplomatic talks continue, the immediate market reaction highlights the fragile geopolitical landscape.
Read MoreOn June 1, TenArmor detected a suspicious attack targeting the AROS project on Binance Smart Chain, resulting in approximately $295,000 in losses. The incident highlights ongoing security vulnerabilities in the DeFi ecosystem.
Read MoreNVIDIA unveiled the RTX Spark super chip at GTC, bringing high-performance AI and graphics to thin PCs. Lenovo, Dell, HP, and Microsoft will launch the first wave of AI PCs powered by this chip this fall, promising revolutionary local AI experiences for creators, gamers, and developers.
Read MoreIsraeli PM Netanyahu announced on social media that he has ordered the IDF to conduct strikes on the Dahieh area in southern Beirut, Lebanon. This military action marks a significant escalation in regional tensions, raising international concerns.
Read MoreA crypto trader sold 9 BTC, worth $981K, to go all-in on a FARTCOIN long position 75 days ago. The position was fully liquidated, resulting in a staggering loss of $896K, leaving only $84.6K. This highlights the extreme risks of leveraged bets on volatile altcoins.
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