24/7 Blockchain industry dynamics and breaking crypto news
A Danish pension fund managing $250 billion assets publicly rejected investing in a prominent commercial space company. Its CIO cited severe overvaluation and a "catastrophic" corporate governance structure where excessive power is concentrated with the founder. This highlights growing institutional focus on governance standards.
Read MoreAmid uncertainty over Fed policy, a surge in investor demand for safe cash-like assets has pushed US money market funds to a record high of $8.281 trillion, with substantial inflows concentrated in late May as portfolios were repositioned.
Read MoreLiquid Capital founder Yi Lihua notes that short bull and long bear markets are inherent to crypto cycles. He emphasizes that identifying key trends and opportunities, especially within the disruptive AI wave, is central to successful investing.
Read MoreThe Sui mainnet has fully recovered following two brief outages. Both incidents stemmed from an interaction flaw between the new 'address balance' feature and gas metering logic introduced in version 1.72. A temporary fix was deployed initially, but a variant of the known issue triggered a second halt. Validators have now deployed a permanent fix, restoring stable network operations.
Read MoreJPMorgan CEO Jamie Dimon pledges opposition to the current version of the Clarity Act, criticizing its lack of consumer safeguards and insufficient anti-money laundering measures. He also condemns aggressive crypto lobbying efforts, while acknowledging the potential of blockchain technology.
Read MoreU.S. stocks rallied on May 29th, led by a surge in technology shares. Dell Technologies skyrocketed nearly 33%, marking its largest single-day gain on record. Other tech giants like Super Micro Computer, HPE, ServiceNow, and Microsoft also posted strong gains. The three major indexes closed higher, capping a positive month.
Read MoreUS Treasury Secretary recently expressed strong support for abolishing the Federal Reserve's forward guidance policy. He believes this would sharpen the Fed's focus and significantly enhance its credibility and policy independence, sparking market discussions on potential changes to monetary policy communication.
Read MorePresident Trump held a lengthy two-hour meeting with top aides in the White House Situation Room regarding the Iran nuclear deal. No final decision was announced afterward, indicating significant internal divisions within the administration over the contentious agreement.
Read MoreBoE Governor Andrew Bailey warns that a potential 60-day US-Iran ceasefire would not dispel economic uncertainty or pave the way for imminent rate cuts. He stresses energy price risks persist, requiring stronger confidence for policy shifts.
Read MoreA nearly two-hour Situation Room meeting chaired by President Trump failed to yield a final decision on a new Iran deal. Key issues, including unfrozen funds, remain under negotiation. Officials claim an agreement is close, but no timeline is set.
Read MoreBitcoin's mining difficulty has risen to 138.96T, with the network's seven-day average hashrate holding steady at 1.02 ZH/s. This upward adjustment highlights growing network security and sustained miner participation, potentially impacting future mining economics.
Read MoreAs global stocks hit record highs, the world's largest asset manager is trimming equity exposure in its massive model portfolios. Strategists warn the window for excess returns is narrowing, with markets pricing in current positives and future risk paths becoming more treacherous.
Read MoreThe US Central Command has issued a warning about potential military action near the Strait of Hormuz, targeting vessels suspected of mine-laying activities. The US military stated it will continue maritime measures in the region to ensure safe navigation.
Read MoreRussian President Vladimir Putin indicated that the military confrontation with Ukraine may be entering its final phase based on battlefield assessments. He stated no specific timeline can be set while fighting continues, describing Russia's strikes as responses to Ukrainian attacks and dismissing European politicians' rhetoric as nonsense, while asserting Russia poses no threat to Europe but will address direct military threats.
Read MoreThe SEC has charged a Texas man with orchestrating a $12.3 million crypto fraud. He allegedly lured investors with promises of high returns from a fabricated AI trading bot, then misappropriated funds for personal use and to sustain a Ponzi-like scheme.
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