News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Share link:In this post: Bailey publicly backed Powell, calling him a friend and criticizing Trump’s ongoing attacks. The Bank of England cut rates by 25bps after a split vote, pushing the pound up and the FTSE 100 down. Trump is actively looking to replace Powell, with Waller, Hassett, and Warsh in consideration.
Share link:In this post: • Germany’s industrial output falls to pandemic lows. • Berlin’s foreign trade surplus drops below €15 billion in June. • German exports rise largely due to shipments to other EU nations.
Share link:In this post: Sony has raised its annual profit forecast by 4% to ¥1.33T ($9B) due to less than anticipated impact from U.S. tariffs. Q1 operating profit rose 36.5% year-on-year to ¥340B ($2.3B), beating analyst estimates. Sony is preparing a partial spin-off of its financial business, reducing its stake to below 20% with a Tokyo listing planned for September 29 of this year.
Share link:In this post: Chainlink has launched a LINK reserve funded by real on-chain and off-chain revenue. The reserve uses Payment Abstraction to convert various fees into LINK tokens. LINK’s price jumped 6.8% after the announcement, signaling market confidence.
Share link:In this post: GM will import Chinese EV batteries from CATL for its new Chevrolet Bolt, despite 80% tariffs. The decision comes after the elimination of the $7,500 EV tax credit, which would have disqualified the Bolt due to its Chinese components. LFP batteries are about 35% cheaper than other alternatives.
With nearly $5 billion in Bitcoin and Ethereum options expiring, traders are watching BTC’s EMA 100 and 112K strike for potential volatility.
Ethena price is rising fast as whale accumulation, bullish crossovers, and OBV divergence support the case for a major breakout ahead.
- 11:10Data: The current amount of ETH queued for unstaking has increased to 2.6 millionAccording to ChainCatcher, data from the Ethereum staking website Validator Queue shows that the current amount of ETH queued for unstaking on the Ethereum network is 2,632,956, with the current queue time being 45 days and 17 hours.
- 10:58MOGU Inc. (Mogujie) will use up to $20 million in digital assets to advance decentralized AI development and treasury management.ChainCatcher News, according to the official announcement, the Board of Directors of MOGU Inc. has approved a strategic allocation of up to $20 million of the company's assets into digital currencies, mainly including bitcoin, ethereum, and solana, as well as their related securities and investment products. The Board believes that by integrating digital assets into core holdings, the company can not only diversify its treasury but also enhance the operational capabilities required for next-generation AI products and services.
- 10:55Scroll: Accepted proposals will continue to be advanced, and no new proposals will be processed before the new governance model is implemented.Foresight News reported that Scroll has released an update regarding the "Scroll DAO Suspension." All accepted proposals will proceed as planned, but no new proposals will be processed until the updated governance model is introduced. Governance remains effective while the new model is being designed in the workflow. According to previous Foresight News reports, Scroll DAO governance announced a "suspension" today. The DAO leadership has resigned, and the team is "redesigning governance."