24/7 Blockchain industry dynamics and breaking crypto news
American Bitcoin, backed by Eric Trump, plans a 1-for-15 reverse stock split to meet Nasdaq's $1 minimum bid requirement. The move aims to consolidate shares and maintain listing status amid a significant year-to-date price decline.
Read MoreBernstein reiterates its 'Outperform' rating for Circle, citing USDC's trading volume dominance rising to 60%. The report suggests new entrants like Open USD face significant hurdles in challenging Circle's established network effects and liquidity in the near term.
Read MoreLatest CME FedWatch data shows a 71.7% probability the Fed will hold rates steady in July. The September outlook is more complex, with possibilities ranging from no change to 50-bps hikes, indicating significant market uncertainty about the second-half policy path.
Read MoreBlackRock's spot Bitcoin ETF, IBIT, has seen its BTC holdings drop significantly, falling from a peak of approximately 822,736 BTC in early May to around 734,261 BTC currently—a reduction of nearly 100,000 BTC in under two months, raising questions about institutional capital flows.
Read MoreRobinhood Chain's public mainnet is now live, built on Arbitrum. It introduces 24/7 stock token trading in over 120 countries and offers zero-fee perpetual contracts in select regions for 90 days. Robinhood Earn launches in the US, with expansion into Canada and Singapore announced, alongside plans for AI-powered trading.
Read MoreMajor Korean banks are expanding their foreign exchange teams and systems in Seoul and London ahead of the launch of nearly 24-hour won trading on July 6. This strategic move aims to boost market liquidity and further the internationalization of Korea's financial markets.
Read MoreMark Gurman reports Apple is planning a significant 2025 refresh, headlined by upgraded iPad Pro models with faster chips and a redesigned entry-level 14-inch MacBook Pro. These updates focus on performance and thermal management, aligning with broader product innovations.
Read MoreIran's Parliament Speaker has firmly denied allowing IAEA inspectors into damaged nuclear facilities. He stated that a law, approved by the Supreme National Security Council, strictly limits inspections to only the Bushehr plant and the Tehran research reactor, refusing any additional access.
Read MoreThe U.S. Treasury announced the investment portfolio for the "Trump Account," with the SPDR S&P 500 ETF set as the default holding. Four additional low-cost index ETFs from firms like iShares and Vanguard will be offered as alternatives in coming months, with future features allowing fund allocation among options.
Read MoreElon Musk has directly refuted a Wall Street Journal report claiming SpaceX showcased a new AI hardware prototype to investors. He stated the company never conducted such a presentation, casting doubt on the accuracy of the original story.
Read MoreGulf states like Saudi Arabia and Oman are engaging Iran in direct talks on Strait of Hormuz management and regional coexistence, independent of U.S.-Iran negotiations. This signals a strategic shift as Middle Eastern powers reassess security dependencies.
Read MoreUS Vice President Vance stated that indirect technical talks with Iran in Doha are progressing well, with nuclear discussions set to begin shortly. Negotiators are addressing commercial shipping details in the Strait of Hormuz with Iran and Qatar, signaling eased tensions.
Read MoreThe US Federal Trade Commission announced it will solicit public comments on AI accuracy policies. This move addresses growing concerns about algorithmic errors and bias, signaling deeper regulatory involvement in AI accountability, potentially impacting global standards.
Read MoreThe US Dollar Index gained 0.2% to close at 101.39 in the latest session, signaling renewed demand. This movement reflects shifting market sentiment amid economic data and policy expectations, with implications for global currency trends.
Read MoreSoftBank has reopened negotiations for a $10 billion loan using its OpenAI stake as collateral. To address lender concerns over private tech valuations, SoftBank offered repayment guarantees if the shares depreciate. Goldman Sachs and JPMorgan are among expected lenders.
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