24/7 Blockchain industry dynamics and breaking crypto news
South Korea plans to advance its Digital Asset Basic Act in late 2024, establishing a regulatory framework for the industry. The government also aims to introduce Bitcoin spot ETFs, research CBDC interoperability, and integrate virtual assets into national asset management.
Read MoreSamsung Electronics has officially clarified that it currently has no plans to issue American Depositary Receipts (ADRs). This statement addresses market speculation and reflects the company's cautious approach to global capital strategy.
Read MoreMalaysian authorities are investigating a digital nomad community founded by a former Coinbase executive over allegations involving Israeli citizens potentially violating immigration rules. The probe will examine identities, travel documents, and entry purposes, with warnings of strict action for any legal breaches.
Read MoreBinance Futures will adjust the funding rate mechanism for SKHYNIX, SAMSUNG, and HYUNDAI USDT perpetual contracts on July 15. Key changes include increasing the funding rate settlement frequency from every 8 hours to every 4 hours and setting the rate cap/floor at ±0.5%.
Read MoreSK Hynix shares surged over 8.8% in US pre-market trading, highlighting a significant market move. This article explores the potential catalysts behind this rally and the broader context for the memory chip sector.
Read MoreA former LA County sheriff's deputy was sentenced to 18 months in prison for lying to FBI investigators about a cryptocurrency merchant's threats and extortion. The case underscores legal risks when officers interfere with digital asset investigations.
Read MoreA solo Bitcoin miner recently mined a block worth around $200,000 using a $150 Bitaxe device after just 8 hours of operation. This extremely low-probability event has sparked discussions about decentralized mining and the potential of low-cost hardware.
Read MoreThe South Korean won strengthened significantly against the US dollar, driven by reports that SK Hynix sold a large amount of dollars in the local forex market. The USD/KRW rate hit a two-month low, with Hanwha Ocean also involved in forward contract transactions, highlighting shifting corporate fund flows.
Read MoreA new BofA fund manager survey finds 83% of investors expect the Fed to hold rates steady before November's midterm elections. This consensus highlights how political calendars shape monetary policy expectations amid economic uncertainty.
Read MoreBinance will remove four spot trading pairs—GLM/BTC, KNC/BTC, ONT/BTC, and XAI/USDC—on July 17, along with their trading bot services. Users are advised to adjust strategies in advance, though the tokens remain tradable via other pairs.
Read MoreRecent tech sector volatility sparked debate over semiconductor cycle peaks. Goldman Sachs and Leuthold Group suggest the pullback stems from leveraged trading-induced liquidity squeezes, not fundamental reversals. Forced ETF liquidations in Korea and surging US margin debt are creating fragile market structures, raising risks of sharp corrections if sentiment shifts.
Read MoreAsian markets showed divergent trends on July 14. Japan's Nikkei 225 rose steadily, while South Korea's KOSPI experienced a sharp mid-session plunge before recovering. The volatility, including a trading halt on the KOSDAQ, highlights mixed investor sentiment and regional market differences.
Read MoreAn ARK Invest report highlights a controversial revenue split on Robinhood Chain, raising questions about Ethereum's value. The Ethereum settlement layer received only ~0.15% of revenue, compared to 10% for Arbitrum and ~89% for Robinhood. This suggests a potential market mispricing of blockchain infrastructure value.
Read MoreDeutsche Bank maintains a bearish view on US Treasury duration, citing sustained government bond issuance from major economies. It forecasts the 10-year yield to rise to 4.80% and the 2-year to 4.30% by year-end, leading to a modest steepening of the yield curve.
Read MoreSoftBank founder Masayoshi Son predicts that $5 trillion in annual investment will be needed by 2040 to support global AI infrastructure expansion. He argues that as AI evolves into superintelligence, the economic returns will justify the massive spending and fundamentally transform how we work and live.
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