24/7 Blockchain industry dynamics and breaking crypto news
Meta's compute rental plans are a resource optimization move, not a retreat. The company is monetizing older hardware for cash flow while aggressively investing in next-generation AI chips for frontier model training, as seen in its increased capex guidance.
Read MoreSenator Elizabeth Warren has urged Federal Reserve Governor Christopher Waller to immediately halt his proposed overhaul of the Fed's 12 regional banks. She argues the plan may violate federal law, undermine the Fed's independence, and appears politically motivated rather than substantive. Warren demands Waller cease the effort and provide more information to Congress.
Read MoreIngenic disclosed that NOR Flash now accounts for over 30% of its storage business, with moderate price increases in Q1 and Q2 amid relatively stable capacity. Revenue growth is driven by volume gains, particularly in AI server and optical module segments, showing notable expansion this year.
Read MoreOn July 2nd, DeepSeek's status page reported performance issues affecting web and API services. The disruption lasted approximately one hour before normal operations were restored in the late afternoon, highlighting ongoing challenges in maintaining stability for large-scale AI services.
Read MoreStandard Chartered has launched USDC minting and redemption services for institutional clients via the Dubai International Financial Centre. It is the first Global Systemically Important Bank to offer such digital asset access and clearing through a fully compliant banking channel.
Read MoreCICC analyzes Meta's plan to lease AI compute capacity, arguing it shouldn't be seen as a sign of industry-wide oversupply. The report cites Meta's unique ad-driven business model, its own compute shortfall, and strong inference demand as reasons why AI hardware growth remains robust.
Read MoreChina's securities regulator has approved Unitree Robotics' application for an initial public offering on the STAR Market. As a leader in consumer quadruped robots expanding into humanoids, this IPO marks a key step towards commercial scale, positioning it as a potential 'first humanoid robot stock' and highlighting advanced tech industrialisation.
Read MoreTencent Holdings repurchased 1.1 million shares on July 2nd, spending approximately HK$500 million. This substantial buyback is widely seen as a strong signal of management's confidence in the company's intrinsic value and future prospects.
Read MoreThe Trump administration is expected to launch a 'Trump Account' next week, according to sources cited by Semafor. The account reportedly will not include a mechanism allowing financial institutions to custody it on their own platforms, raising questions about its operational model.
Read MoreOn July 2nd, investment firm Jefferies significantly lowered its price target for drone systems company Aerovironment from $305 to $229, while maintaining a 'Buy' rating. This adjustment reflects a reassessment of the company's valuation amid current market conditions.
Read MoreOn July 2, DeepSeek's service status page indicated performance degradation affecting both its web chat and API services. The technical team has identified the root cause and is actively implementing repairs. Users are advised to monitor official channels for updates.
Read MoreOn July 2nd, the USD/JPY exchange rate tumbled over 1%, decisively breaking below the key 161 level to around 160.92. This sharp decline highlights heightened volatility and shifting market sentiment, potentially driven by economic data or policy shifts, drawing close scrutiny from traders.
Read MoreCitadel Securities sues former European head Leonard Lancia for over £6 million in London, alleging he secretly planned crypto firm Portofino Technologies while employed. The court denied his request to lift an asset freeze, escalating the legal battle over trade secrets and breach of duty.
Read MoreThe USD/JPY pair extended its decline, hitting an intraday low of 161.05. The yen's sharp appreciation is driven by multiple market factors. This article analyzes the key reasons behind the move and provides outlook for the currency pair's next direction.
Read MoreSoftBank Group and SoftBank Corp. are forming SB Neo, a joint venture to launch a new AI-focused cloud service in the U.S. by fiscal 2027. The move targets the surging demand for AI compute power and could substantially boost the company's profits.
Read More