24/7 Blockchain industry dynamics and breaking crypto news
China's M2 money supply grew 8% year-on-year in June, missing forecasts of 8.5% and slowing from May's 8.6%. The deceleration signals potential shifts in monetary policy stance and credit expansion pace, offering clues for the second-half economic outlook.
Read MoreSeoul stocks surged past the 7,000-point mark on July 15, with the KOSPI index rocketing over 8% intraday. The rally was fueled by massive foreign inflows, which net purchased a record 2.4 trillion won in stocks—double the previous day's amount. Institutional investors joined the buying spree, while retail investors were net sellers, highlighting a major shift in market sentiment.
Read MoreKorean media reports reveal Samsung Electronics is secretly studying the feasibility of issuing ADRs in the US, with internal teams evaluating costs and structures. Despite public denials, market analysts believe the move signals potential global capital strategy shifts, citing consultations with SK Hynix.
Read MoreJapanese and South Korean stock markets closed sharply higher on July 15, fueled by a powerful rally in semiconductor stocks. The Nikkei 225 and KOSPI both posted strong gains, with key chipmakers like SK Hynix and Samsung Electronics leading the charge, highlighting robust investor confidence in the tech sector.
Read MoreA DeFi yield protocol suffered a $776K loss in a suspected governance attack. The attacker obtained DAO privileges, upgraded a contract, and exploited existing user approvals to drain funds, highlighting critical risks in decentralized governance systems.
Read MorePrediction market platform Kalshi faces a regulatory standoff. After complying with a Michigan court order to cancel trades, a CFTC emergency order blocked the action, creating a direct conflict between state and federal compliance obligations and leaving the firm in a bind.
Read MoreSouth Korea's financial investment association held an emergency meeting with major brokerages to address risks in leveraged ETFs tracking Samsung and SK Hynix. The industry agreed to significantly raise investor thresholds, potentially increasing the minimum deposit requirement from 10 million to 50 million KRW. Measures also include enhanced risk warnings tailored by age, investor education, and trading schedule adjustments to mitigate market impact.
Read MoreSouth Korea's Ministry of Economy and Finance is drafting a new law to manage state assets, explicitly including cryptocurrencies and other emerging asset classes. This move aims to address regulatory gaps and enhance transparency in national asset management.
Read MoreSBI Global Asset Management and DigiFT have launched JX, a tokenized investment product on Solana. It offers on-chain exposure to a Japanese high-dividend stock strategy for qualified and institutional investors, signaling Japan's entry into on-chain asset management. The tokenized RWA market has seen substantial growth.
Read MoreA JPMorgan report warns that a partnership involving a fast-growing decentralized exchange is undermining the business model of Circle's USDC stablecoin. The analysts highlight a potential "prisoner's dilemma" for key partners, where competition for distribution could harm mutual interests, posing a long-term threat.
Read MoreDriven by massive AI infrastructure investments from tech giants, ASML has raised its full-year sales forecast for the second time in 2024 to €43-45 billion. The company is accelerating EUV lithography system production to meet surging demand from chipmakers expanding capacity.
Read MoreAn anonymous whale withdrew $75M USDC from Coinbase and deposited it in batches to a trading platform. Today, it started accumulating CXMT tokens in the pre-IPO market, acquiring $120K worth and placing multiple limit buy orders, indicating further accumulation plans.
Read MoreOKX will launch tokenized US stock trading on July 16. Users can trade stocks like Tesla and Nvidia with USDT 24/7 without a brokerage account. Assets are accessible via Solana and X Layer networks, supporting automated trading strategies.
Read MoreECB Governing Council member Kochher stated the central bank will take all necessary measures to bring inflation back to the 2% target in the medium term. He confirmed readiness for monetary policy action and noted no signs of second-round effects, reinforcing expectations for sustained policy tightening.
Read MoreAs CXMT's STAR Market listing approaches, Hyperliquid is expected to list its Pre-IPO product. A market maker secured the trading ticker, potentially marking the first A-share Pre-IPO asset on the platform, creating a new bridge between crypto investors and China's semiconductor sector.
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