24/7 Blockchain industry dynamics and breaking crypto news
Goldman Sachs has updated its personal trading policy to prohibit employees from trading in prediction markets linked to political elections, financial market performance, or specific companies. Only sports and entertainment betting are exempted. Violations may result in termination, account closure, or forfeiture of profits.
Read MoreOn July 10, US stocks closed higher across the board, with the Nasdaq leading gains at 1.3%. Tech stocks drove the rally, while metals, storage, and hardware sectors also saw strong performance.
Read MoreThe Federal Reserve has established five independent task forces focusing on inflation, employment, and the balance sheet. Led by experts, they aim to enhance policy tools and methods, reaffirming the commitment to price stability and maximum employment. This move adjusts the Fed's internal decision-making framework amid economic complexity.
Read MoreMeta CEO Mark Zuckerberg revealed the company is considering renting out its AI computing infrastructure to external businesses, exploring a potential cloud service revenue stream. He emphasized Meta currently fully utilizes its resources but sees strategic value in this expansion.
Read MoreElon Musk publicly admitted he "obviously misjudged" AI firm Anthropic, calling it the current industry leader with unmatched models. He expects a new release soon and reaffirmed his commitment to open competition, citing Tesla's patent sharing and SpaceX's fair practices as examples.
Read MoreDallas Fed President Logan proposed that conducting open market operations through a voluntary central clearing mechanism could boost efficiency and market stability. The reform may enhance the use of existing liquidity tools like the Standing Repo Facility and help markets achieve a healthier balance between leverage and liquidity.
Read MoreOpenAI has officially launched the GPT-5.6 model series on July 10th. The release includes three tiers: the flagship Sol, the balanced Terra, and the cost-effective Luna, each with distinct pricing per million tokens for input and output.
Read MoreThe US is actively mediating between Israel and Lebanon to advance arrangements for a "pilot zone" in southern Lebanon. Plans include closed-door talks, technical follow-up, and engaging international partners to help restore Lebanese sovereignty over the area. This marks a key step in easing border tensions.
Read MoreThe Fed's overnight reverse repo facility usage jumped to $5.77 billion on July 10, up sharply from $3.347 billion the prior day. This shift highlights changing short-term liquidity needs among financial institutions and serves as a key gauge for market funding conditions.
Read MoreThe US Treasury auctioned $22 billion in 30-year bonds on July 10, with a high-yield of 5.058%, up from June. The bid-to-cover ratio of 2.44 indicates solid demand, highlighting market views on long-term interest rates and fiscal outlook.
Read MoreOpenAI introduces ChatGPT Work, an AI agent powered by the new flagship model GPT-5.6. It can execute tasks across applications, turn goals into finished work, and autonomously manage complex projects for hours, marking a shift from conversational AI to an automated workflow partner.
Read MoreAI firm Anthropic has appointed former Federal Reserve Chair Ben Bernanke to its Long-Term Benefit Trust. This independent oversight body is tasked with holding the company accountable to its public mission. Bernanke will advise on AI's societal and economic impacts, including workforce displacement and financial stability concerns.
Read MorePoland's central bank has purchased 82 tonnes of gold so far in 2024, capitalizing on recent price declines. Governor Adam Glapiński announced the move, highlighting a strategic addition of 37 tonnes since April. The bank reaffirmed its long-term goal of holding 700 tonnes, with current reserves at 632.4 tonnes, partially repatriated.
Read MoreBlockchain and crypto-related stocks rallied on Wall Street, with MARA Holdings surging over 15% following a major $600 million mining facility acquisition. This article explores the driving forces behind the sector-wide momentum and market sentiment.
Read MoreJPMorgan analysts highlight that Bitcoin's main structural threat isn't institutional selling, but the trend of traditional finance adopting blockchain via permissioned infrastructure, bypassing public chains. This shift could marginalize public networks in payments and tokenization, posing long-term risks to the crypto ecosystem.
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