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7/28
17:04
Crypto analysts believe the Clarity Act faces longer odds of passage, despite the industry's efforts to advance the legislation.
16:52
The Nasdaq-100 index is approaching correction territory as semiconductor stocks experience another significant decline. This downturn comes just weeks after these same stocks had propelled major indexes like the S&P 500 and Nasdaq Composite to record highs.
16:45
A U.S. official stated that Iran is making overreaching demands regarding the Strait of Hormuz, which are being rightly rejected by Oman, the United States, and the international community.
16:45
The cryptocurrency exchange Coinbase reported a decline in the performance of its payment services.
16:41
MarketWatch analysis indicates that Microsoft's upcoming earnings report on Wednesday will be a key indicator for investors to assess whether the company's aggressive $190 billion investment in artificial intelligence is yielding appropriate returns.
16:36
Ukraine's Foreign Minister Andrii Sybiha warned Iran against escalation following a Ukrainian drone attack on an Iranian commercial vessel in the Caspian Sea, which Iran denounced. Sybiha emphasized the need to refrain from escalatory steps and urged Iran to cease support for Russia's war against Ukraine. Iran's top diplomat Abbas Araghchi confirmed the call, stating Sybiha assured the attack was "unintentional" and Ukraine had no desire to escalate tensions. Ukraine claims its strike targeted Russian warships and vessels transporting Iranian-linked military cargo, not civilian vessels or individuals. Iran, which previously accused Israel of provoking the attack, stated any attack on its citizens or interests is unacceptable and demands restitution for losses.
16:36
The U.S. House of Representatives has narrowly passed the National Defense Authorization Act (NDAA) for the 2027 fiscal year. The bill includes $750 million in funding for Israel-related military programs, an increase of $65 million from the previous year. Of this, $500 million is earmarked for missile defense programs, such as Israel's Iron Dome, with the remaining $250 million allocated for counter-unmanned systems, subterranean operations, and emerging defense technologies. The legislation now moves to the Senate, where its future remains uncertain after Senate Democrats previously blocked their version of the bill.
16:30
Ford's stock jumped after the company demonstrated a strategy similar to General Motors (GM), relying on pickup trucks and other traditionally powered vehicles. This approach helped Ford limit its sales decline.
16:28
Block Scholes research analyst Thahbib Rahman stated that any dovish signals from Federal Reserve Chair Kevin Warsh could lead to continued outperformance for Bitcoin. Markets are divided ahead of Wednesday's FOMC meeting, with CME FedWatch data showing a 70% probability of rates remaining unchanged and a 30% chance of a 25-basis-point hike. Rahman noted that Bitcoin has shown a divergence from traditional risk assets like AI-driven tech stocks in July, with Bitcoin up about 6% while semiconductor stocks fell nearly 20%.
16:27
Ionic Digital, a company formed from Celsius Mining's assets, saw its shares jump 25% on its Nasdaq debut. The company expanded these former bitcoin mining assets into AI infrastructure, having previously taken direct control of the sites from Hut 8.
16:19
Saudi Arabia has adopted a new, more expensive method to export its oil, with increased loadings observed at a Mediterranean port. This involves a lengthier and costlier route to reach buyers.
16:19
U.S. stocks finished mixed, with the rout in chip stocks continuing, while falling oil prices provided a boost to consumer stocks.
16:18
Financial commentator Jim Cramer stated that Johnson & Johnson's (J&J) recent talc settlement is beneficial for the company's stock, which he believes already has strong momentum. Cramer also characterized the recent trading activity on Wall Street as a "J&J market."
16:17
Morgan Stanley has expanded its cryptocurrency offerings with new exchange-traded products (ETPs) tracking Ether (ETH) and Solana (SOL). These ETPs offer staking rewards and follow the firm's Bitcoin fund, which was launched earlier this year.
16:01
Crypto exchange Coinbase has reported delays in sending and receiving Zcash (ZEC) on its platform.
15:55
Crypto hacks reached a record high in the first half of 2026, with total losses exceeding $1 billion, according to blockchain security firm Blockaid. Projects built on Ethereum and Solana experienced the most significant losses, amounting to $332 million and $326 million respectively.
15:51
MarketWatch analysis notes that the stock price of data analytics firm Palantir Technologies is being weighed down by geopolitical and valuation concerns, preventing it from riding the current wave of gains in software stocks. Meanwhile, shares of other software companies are benefiting from a rotation of capital out of the semiconductor sector.
15:50
Emirates has begun accepting cryptocurrency payments for airline tickets. The world’s most profitable airline launched the Crypto.com Pay service on July 28 via its website and app, allowing eligible UAE residents to pay for tickets directly from their digital wallets using their Crypto.com accounts. This move aims to expand payment options for customers and aligns with the UAE’s strategy to promote cashless transactions.
15:42
Meredith Whitney, a former bank analyst known for her accurate 2007 report preceding the global financial crisis, warned that the US economy faces a "reckoning" in the fourth quarter of this year. She attributes this to the fading impact of one-time economic boosts, including the World Cup and residual fiscal spending. Whitney also expects the US Federal Reserve to keep interest rates on hold.

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