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Share link:In this post: The market cap of public crypto companies has surged to $160 billion. Token-to-equity swaps give large crypto holders better liquidity and smoother exits without impacting token markets. Strategy raised $2.5 billion through STRC, a new Bitcoin-backed yield product offering monthly dividends and targeting retail investors.
Share link:In this post: Samsung’s semiconductor division posted a much lower-than-expected profit of $288 million due to foundry losses and US export restrictions. Overall profit surged 15-fold to 10.4 trillion won, driven by strong AI chip demand and rising memory prices. A $16.5 billion Tesla chip deal lifted investor sentiment, but the tech firm still trails SK Hynix and TSMC in the AI memory race.
Despite facing political pressure from the White House to cut interest rates, the Federal Reserve did not show any intention of cutting rates in its policy statement. At the same time, two officials unusually dissented from the decision to keep rates unchanged, calling for an immediate 25 basis point cut.
Bitcoin Hodlers' Unrealized Profit Hits Historic $1.4 Trillion Peak as Key Price Level of $14K Reached by Whales.
- 09:46Sentora: RLUSD Trading Volume on Aave Hit a Record High of Approximately $54 Million YesterdayBlockBeats News, July 31—According to data disclosed by Sentora, RLUSD trading volume on Aave reached a new single-day high yesterday, totaling 54,521,729.51 RLUSD. Launched by Ripple, the US dollar stablecoin RLUSD has reached a market capitalization of $500 million within seven months of its debut. The token is issued on both the XRP Ledger and Ethereum.
- 09:46EU official: US to impose 15% tariffs on EU wine and spirits starting August 1BlockBeats News, July 31 — According to EU officials, the United States will impose a 15% tariff on EU wine and spirits starting August 1, until the EU and the US reach an agreement regarding the industry. (Jin10)
- 09:45Polygon Foundation: All RPC Services Have Now Been Fully RestoredBlockBeats News, July 31 — The Polygon Foundation announced that all RPC services have now been fully restored, user-facing services are back to normal, and a fix addressing the root cause has been implemented to prevent recurrence. A comprehensive post-incident analysis report will be released soon. Last night, the Polygon network experienced an outage.