24/7 Blockchain industry dynamics and breaking crypto news
The onshore Chinese yuan closed at 6.7862 against the US dollar at 16:30 Beijing time, rising 43 basis points from the previous official close and 41 points from the overnight session, indicating steady appreciation.
Read MoreOn-chain data reveals Bitcoin holders' aggregate unrealized profit margin has surged to 17.7%, marking the highest level since June 2025. This key metric indicates widespread profitability among investors, often signaling shifting market sentiment.
Read MoreA top global crypto exchange has launched a major airdrop for eligible users holding a specific USD-pegged stablecoin. The total reward pool is valued at $13 million in tokens, with rewards distributed weekly over a four-week campaign period.
Read MoreUK regulators are preparing to impose stricter, more detailed reporting requirements on private credit managers. This move aims to enhance oversight of the fast-growing but opaque sector, signaling intensified scrutiny.
Read MoreA hawkish shift is emerging within the Bank of Japan's policy board, with members signaling support for earlier rate hikes. While market bets on a June increase are rising, the ultimate decision hinges on Prime Minister Sanae Takaichi's political tolerance for monetary tightening.
Read MorePremarket trading saw Nvidia rise over 2%, while memory chip stocks faced pressure. Cisco surged nearly 20% after beating Q3 revenue estimates and announcing operational adjustments, capturing significant market attention.
Read MoreFintech startup Stitch has raised $25 million in Series A funding led by a16z, with participation from multiple venture firms. The investment will drive innovation in payment infrastructure and expand financial services in emerging markets.
Read MoreCompound, in collaboration with Aave and KelpDAO, has successfully liquidated all positions linked to the rsETH exploit over the weekend. This swift action mitigated market risk and secured protocol funds. All Comet markets have now resumed normal operations with transfer restrictions lifted.
Read MoreSamsung Electronics' union in South Korea has issued a firm deadline to management, demanding a concrete response to key demands including wage increases by 10 AM Friday, or face a potential strike. This move threatens to disrupt the tech giant's global operations, marking a critical juncture in its labor relations.
Read MoreBitcoin asset manager Nakamoto reports a substantial Q1 net loss, yet demonstrates strategic resolve. Following key acquisitions and new strategy launches, the firm maintains a strong holding of over 5,000 BTC, underscoring its long-term commitment.
Read MoreFueled by booming AI demand, SK hynix's stock has soared, nearing a $1 trillion valuation after Samsung. Korea is becoming Asia's AI hub and may soon have two trillion-dollar firms outside the US, driven by strong market sentiment.
Read MoreIranian Foreign Minister Hossein Amir-Abdollahian stated that the Strait of Hormuz remains fully open to commercial vessels, denying any Iranian obstruction. He accused the United States of imposing a blockade and emphasized Iran's readiness to cooperate with compliant shipping under naval protocols.
Read MoreMajor South Korean crypto exchange UPbit will discontinue support for the NKN/BTC trading pair on June 15 at 15:00. Users must withdraw assets by July 16, after which no further transactions will be processed.
Read MoreThe UK economy posted its fastest growth in a year in Q1, driven by a robust services sector. However, the lingering fallout from Middle East tensions and potential domestic political instability are casting a shadow over future prospects, prompting market reassessments.
Read MoreApproximately 10 leading Chinese tech firms, including Alibaba and Tencent, have received US approval to purchase NVIDIA's H200 chips, but shipments are frozen. China halted procurement over security concerns tied to US inspection and fee demands. NVIDIA's CEO has joined high-level talks to broker a deal.
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