24/7 Blockchain industry dynamics and breaking crypto news
A CryptoQuant founder argues that aggressive Bitcoin purchases are absorbing liquidity rather than boosting prices, potentially delaying a necessary market reset. He recommends halting buys until cash reserves recover and establishing systematic frameworks for both buying and selling as risk management.
Read MoreWhile Bitcoin trades sideways, mining stocks are surging. The reason? A structural shift: miners are transforming into AI data center operators. Their long-term power contracts and computing infrastructure are now being valued through an AI lens, creating a new growth narrative beyond the crypto cycle.
Read MoreAltura temporarily suspended AVLT redemption, clarifying it's not due to security issues. The platform is liquidating approximately $35 million in assets, including completed market-making exits and ongoing collateral loan unwinding. The largest position will be transferred via J.P. Morgan in batches, with redemption resuming after full asset recovery and verification.
Read MoreHypersurface has acquired bitcoin vault infrastructure provider Acre and plans to combine technologies to launch HSBPI, an on-chain managed bitcoin strategy vault focused on volatility trading, managed by Monarq Asset Management.
Read MoreArthur Hayes' family office Maelstrom has set a $4 target price for the CARDS token. The report highlights how Collector Crypt is reshaping the physical card trading market with low fees, instant settlement, and on-chain liquidity, showcasing significant profit growth.
Read MoreBNB has broken through the $580 mark, currently trading at $580.01. The market shows notable volatility post-breakthrough, with a 24-hour dip around 1%. This analysis examines current dynamics and offers risk management strategies for navigating turbulent conditions.
Read MoreOn June 24, Qualcomm's stock price surged over 4% during after-hours trading, settling at a 3% gain. The spike followed reports that the company is in talks with ByteDance to provide customized chip design services, signaling a strategic expansion in consumer electronics and AI semiconductors.
Read MoreKey midday developments on June 24 include Binance Alpha's NES airdrop launch and Cap Labs' token listing details. Korean markets see stock volatility and regulatory action against unregistered crypto firms. U.S. politics also intersects with crypto industry interests.
Read MoreSouth Korea's Digital Asset Basic Act faces potential delay in 2024. Legislative work has stalled amid parliamentary reorganization and lack of government submission. Observers suggest the government's focus on a surging stock market may be intentionally slowing crypto legislation to prevent capital diversion.
Read MoreQualcomm is reportedly in discussions with ByteDance to provide custom chip design services, potentially making ByteDance an early client. Talks focus on Video Processing Unit (VPU) designs with a year-end production goal, but the outcome is uncertain, and ByteDance may explore other partnerships.
Read MoreSecurity firm Blockaid reports that Yield Yak's website was hit by a front-end attack, with malicious drainer code found on a subdomain. The method resembles a previous attack on Gitcoin, highlighting persistent vulnerabilities in DeFi interfaces and the risk to user assets.
Read MoreOKX exchange announces the upcoming launch of ARX USD and UBUSD perpetual contracts. The ARX USD contract will open for trading at 14:30 (UTC+8) on June 24, followed by the UBUSD contract at 14:45 on the same day, expanding derivative trading options for users.
Read MoreU.S. Treasury Secretary Basant stated that inflation is returning to target levels. He noted the Fed Chair will refine the path balancing growth and price stability, while acknowledging bond market forces and AI-driven economic growth.
Read MoreOn-chain data reveals a whale has aggressively expanded its leveraged short position on SOL, now holding a $43.4 million bet at 20x leverage involving over 624k SOL. With liquidation set at $82.84, this high-stakes move is drawing significant market attention.
Read MoreBinance Wallet will launch an exclusive NES token airdrop via Binance Alpha on June 24. This guide covers the launch timeline, potential eligibility criteria, and how to participate. Official rules will follow.
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