24/7 Blockchain industry dynamics and breaking crypto news
A controversial $1.7 billion fund is under consideration by the Trump administration, aiming to compensate political allies investigated during President Biden's term. Critics label it a taxpayer-funded political slush fund, raising major ethical and legal questions. The proposal remains unapproved.
Read MoreA sharp spike in long-term U.S. Treasury yields to multi-year highs has intensified inflation and interest rate fears, triggering a broad market sell-off. The previously high-flying semiconductor sector was among the hardest hit, as geopolitical tensions and rising oil prices fueled a global flight to safety.
Read MoreU.S. stocks plunged sharply on May 16th, with major indexes falling over 1%. While the S&P 500 secured a seventh consecutive weekly gain, a broad sell-off hit tech giants and precious metal stocks. Apple defied the trend to hit a record high.
Read MoreAn Israeli official states the country is preparing for potential military action against Iran, which could last days or weeks. With US-Iran talks stalled, Israel awaits a final US decision, expecting clarity within 24 hours.
Read MoreAmid Middle East tensions threatening global oil supplies, the U.S. is streamlining permits in Alaska's National Petroleum Reserve to boost domestic production. New rules could slash approval times to 30 days, helping energy companies accelerate projects as international flows face disruption.
Read MoreSpaceX is targeting June 11 to set its IPO price, with shares expected to begin trading on Nasdaq under the ticker 'SPCX' as early as June 12, according to informed sources. This marks a pivotal move for the commercial space leader.
Read MoreSilver prices experienced a roller-coaster week, crashing below $80 per ounce. Initial boosts from AI stock hype and industrial demand were overwhelmed by resurgent inflation fears and rising bond yields, eroding the appeal of the non-interest-bearing metal and triggering a sharp sell-off.
Read MoreA senior French official confirmed the aircraft carrier Charles de Gaulle has arrived in the Arabian Sea to prepare for a multinational maritime security operation in the Strait of Hormuz. France describes the mission as defensive and lawful, aimed at ensuring freedom of navigation.
Read MoreThe US State Department confirms a 45-day extension of the ceasefire between Israel and Lebanon, creating space for renewed political talks in early June. This move is seen as a critical step to ease regional tensions and advance diplomatic solutions.
Read MoreGrayscale's research head analyzes the Fed's prolonged high-rate policy. While pressuring interest-free assets like Bitcoin short-term, it accelerates tokenization of fixed-income assets and boosts stablecoin issuer revenues. Regulatory developments may offset some headwinds.
Read MoreAn OpenSea executive suggests the next NFT growth phase will stem from tokenizing physical assets like collectibles and luxury goods, moving beyond speculative profile pictures. The platform is focusing on cross-chain asset management and user experience, prioritizing sustainable business models over token launches.
Read MoreA wave of security concerns is driving a massive reallocation in cross-chain infrastructure, with roughly $4 billion in assets migrating to new standards. Major protocols are switching stacks, prioritizing independent validation and built-in risk controls, signaling a pivotal shift in industry trust and technological preference.
Read MoreThe US is reportedly considering directing part of the Palestinian tax revenues held by Israel to fund Gaza's post-war reconstruction. Funds could be channeled to a transitional authority and a reformed Palestinian administration, raising questions over financial control and governance.
Read MoreAI research lab Anthropic is in talks to raise a staggering $30 billion in fresh funding. This monumental capital raise highlights the intensifying investment war in artificial intelligence, potentially redefining the competitive landscape for cutting-edge technology development.
Read MoreOn-chain analytics reveal a prominent investor suffered massive liquidations on highly leveraged ETH and BTC long positions during the recent market downturn. Forced to close most positions, the estimated losses have soared to nearly $32 million, leaving only about $10 million in remaining exposure, highlighting the extreme risks of leverage in volatile markets.
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