24/7 Blockchain industry dynamics and breaking crypto news
While falling energy prices may lower June's headline CPI, the Fed is focusing on core CPI as a key inflation gauge. The core reading and upcoming PPI data will shape the Fed's PCE forecasts and influence future interest rate decisions.
Read MoreUniswap generates $5.2 million in daily fees but only allocates about 2.5% ($134K) to buy back and burn UNI tokens. Most fees go to liquidity providers. New governance proposals could expand the token burn system across more chains.
Read MoreRecent data reveals a net outflow of $15.34 million from U.S. spot Ethereum ETFs on July 14, highlighting shifting investor sentiment. This movement signals potential short-term caution in the crypto market.
Read MoreSouth Korea's benchmark KOSPI index fell sharply on July 14, dropping 4% to close at 6534.34 points. Semiconductor giant SK Hynix led the decline with a loss of over 7%, reflecting heightened investor concerns about global economic growth and tech sector prospects.
Read MoreOn-chain data reveals a whale address holding 9,399 ETH for four years transferred all assets to an exchange, reportedly at a loss of approximately $23.8 million. The move amid Ethereum's price decline sparks analysis of major holder behavior and market sentiment.
Read MoreARK Invest, led by Cathie Wood, significantly increased its holdings in SpaceX and Block on July 14th, with total investments nearing $27 million, according to the latest ARK Invest Tracker data. This move underscores the firm's continued confidence in frontier technology and fintech sectors.
Read MoreUS Central Command announced new precision strikes against multiple Iranian military targets on July 13, aiming to degrade Iran's ability to attack commercial shipping. The operation lasted about five hours, targeting coastal defense systems and drone sites. Over 50,000 US troops are now deployed across the Middle East, maintaining high readiness.
Read MoreFears of a "DeFi hacking apocalypse" fueled by AI have not materialized. While attackers now use AI models, major protocols' security upgrades have shifted attacks to smaller projects. Total stolen funds remain within historical ranges, indicating improved industry-wide security.
Read MoreEthereum co-founder Joseph Lubin argues that keeping L1 base layer fees low is crucial for long-term growth. He predicts tens of thousands of enterprises will build on Ethereum's ecosystem within 2-3 years, driving ETH value through increased activity, with low fees being the foundational enabler.
Read MoreIran's Revolutionary Guard reported attacking and destroying two foreign tankers near the Hormuz Strait on the 14th for repeatedly ignoring navigation warnings and illegally entering Iranian waters. Iran stressed the strait's importance to global energy supply and vowed to safeguard navigation while countering illegal acts. An investigation is ongoing.
Read MoreSenator Cynthia Lummis asserts that only Congress, not administrative rulemaking, can grant the CFTC authority over the digital asset spot market and provide necessary legal protections. She positions the Clarity Act as the essential legislative solution to establish clear crypto regulations.
Read MoreOn July 14, two U.S. government-seized fund addresses transferred 3,940 BTC and 30,006 ETH, worth $297 million, to Coinbase. The purpose of this significant crypto asset movement remains unclear, drawing market attention to official holdings.
Read MoreOn-chain activity reveals significant ETH accumulation. A newly created wallet withdrew 8,239 ETH (~$14.5M) from exchanges within 12 hours. Concurrently, a known whale address purchased 11,843 ETH (~$20.8M) in just 3 hours. These substantial, near-simultaneous moves are drawing market attention to potential trend shifts.
Read MoreOn July 14th, international oil prices staged a strong rally. WTI crude surged past the $80 per barrel mark for the first time in a month, while Brent crude climbed above $85, hitting its highest level since mid-June, signaling a notable shift in market sentiment.
Read MorePresident Trump stated a potential deal with Iran remains possible, noting renewed contact. However, he emphasized continued military strikes and a targeted blockade to curb Iran's influence in the Strait of Hormuz.
Read More