24/7 Blockchain industry dynamics and breaking crypto news
Kalshi is reportedly in talks for a new funding round targeting a valuation of $40 billion, following a recent $22 billion raise. Trading volume surged to over $17 billion last month, driven largely by sports-related prediction contracts.
Read MorePolymarket prediction markets are now accessible directly within Telegram via the TON-based ‘Predict’ app. Users can trade on sports, politics, crypto, and more using TON-based USDT, with on-chain settlement and full asset control, all without leaving the messaging app.
Read MoreSonic has announced it will not issue the planned annual supply of $S tokens this year and is exploring a shift to a deflationary model. The move addresses community concerns, with validator rewards being the key challenge to resolve for network security.
Read MoreMarket data indicates a 65.8% probability the Fed will hold rates steady in July, signaling a likely pause. Expectations for September remain more divided, reflecting ongoing economic uncertainty. This analysis breaks down the latest forecasts and their implications.
Read MoreOvernight market roundup: Coinbase launched tech-stock perpetual futures, OpenAI partnered with Broadcom on AI chips. A blockchain prediction platform secured $20M funding, while a major investment firm's stock dipped below $100. U.S. Treasury yields fell, and a Hong Kong money laundering case involved Bitcoin transaction claims.
Read MoreA recent House hearing centered on the Federal Reserve's proposed 'limited-purpose accounts,' which could grant some fintech and crypto firms restricted access to its payment systems. The debate pits traditional banks against emerging firms over risks, regulation, and innovation.
Read MoreBitcoin miners are facing significant pressure as revenues decline sharply. Daily earnings are well below last year's levels, with transaction fees contributing minimally. The Bitcoin price has remained below estimated production costs for five months, pushing an estimated 20% of miners into unprofitability. Rising mining difficulty sensitivity indicates operational adjustments, deepening industry stress.
Read MoreCambrian, a blockchain data infrastructure startup, has raised $6 million in seed funding led by Franklin Templeton and Polychain Capital. The company provides institutional-grade APIs delivering real-time and historical on-chain data on yield, risk, liquidity, and market sentiment, bringing its total funding to $11.9 million.
Read MoreNVIDIA CEO Jensen Huang stated at the shareholder meeting that the 'era of useful AI' has arrived. He believes compute power, data processing, and revenue growth are directly linked, predicting AI infrastructure development will span decades and drive upgrades in power grids and internet systems.
Read MoreUS Senator Elizabeth Warren plans to urge Congress to strengthen antitrust enforcement on emerging technologies like AI and reform merger review laws. She argues algorithms shouldn't shield companies from antitrust scrutiny, citing AI-driven rent hikes during housing crises. This move could reshape competition in the tech industry.
Read MoreThe dollar index has surged to a 13-month high while oil prices retreat, driven by a time lag between falling inflation and persistent Fed hawkish expectations. Markets are pricing in further rate hikes, likely sustaining the dollar's strength in the near term.
Read MoreDuring the World Cup, football prediction markets on Polymarket saw trading volumes surge 300% to $2B in ten days. Kalshi's open interest hit a record $1.16B, highlighting the event's impact on alternative financial platforms.
Read MoreU.S. investment-grade bond issuance hit a monthly record of $175 billion in June, driven by strong investor demand and massive borrowing for AI infrastructure. The surge surpassed expectations and historical peaks, highlighting how tech-driven AI spending is transforming debt markets.
Read MorePresident Trump has dismissed a congressional vote on war powers regarding Iran as 'pointless,' asserting executive authority over foreign policy. The move challenges congressional oversight and reignites debates over constitutional powers in military matters.
Read MorePresident Trump declares any US-Iran deal that includes shipping or maritime fees as 'unacceptable', potentially complicating ongoing negotiations between the two nations.
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