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7/28
19:31
Gold edged lower as traders assessed the prospects for a Federal Reserve interest rate hike ahead of its decision due later Wednesday.
19:15
Databricks Co-Founder and Senior VP of Field Engineering Arsalan Tavakoli stated that the company's initial public offering (IPO) is a matter of "when," not "if," as Databricks awaits the right time to go public. Tavakoli also discussed the endless possibilities in the AI space and the need for governance across the industry.
18:29
The U.S. military announced that all Iranian missiles launched were successfully intercepted.
18:29
The U.S. military reported that Iran's Islamic Revolutionary Guard Corps (IRGC) forces launched multiple ballistic missiles from Iran at 5:45 P.M. ET on July 28.
18:24
Storage maker Seagate reported June-quarter results that surpassed Wall Street's expectations. Following the announcement, the company's stock rallied in after-hours trading, offering positive news for the artificial intelligence (AI) sector.
18:20
Apple’s market capitalization surpassed $5 trillion for the first time during Tuesday’s trading session, overtakingNVIDIA and reclaiming the title of the world’s most valuable company for the first time since May of last year. The market interpreted this milestone as a revaluation of Apple’s “cost-efficient” AI strategy.While peers such as Alphabet have announced massive capital expenditures and reported negative free cash flow, Apple has taken a restrained approach by leasing computing power rather than investing heavily in building its own data centers or chips. Its capital expenditures have continued to decline over the past three quarters, a move viewed by the market as a rare “safe-haven attribute.”Apple’s stock price has risen by about 25% year-to-date, while the NVIDIA has gained approximately 7% over the same period. Apple is set to release its latest quarterly earnings report after the market closes this Thursday (July 30), at which time it will quantify the specific financial impact of the memory chip shortage.
18:15
Iran launched ballistic missiles towards a U.S. base in Jordan, according to a report by Axios.
18:06
Visa stated it is investing across the stablecoin stack, highlighting OpenUSD, tokenized deposits, and AI-powered commerce during its third-quarter earnings call.
17:59
On-chain data shows that a single burn of USDC tokens occurred, totaling 50 million tokens, worth approximately $50 million.
17:40
Coinbase CEO Brian Armstrong stated that crypto voters are closely monitoring the upcoming midterm elections. His comment highlights the growing political awareness and potential influence of the crypto community in electoral processes.
17:31
China's Contemporary Amperex Technology Co. Limited (CATL), the world's largest electric vehicle (EV) battery maker, is expanding its strategic focus beyond EVs. The company is now pivoting towards artificial intelligence (AI), energy grids, and ships, with an explicit aim to become the market leader for battery energy storage systems.
17:16
Iran and Oman have exchanged proposals regarding the future management of the Strait of Hormuz, a strategic waterway. Oman proposed a joint regional mechanism with “voluntary fees,” modeled after the Strait of Malacca, where ships contribute to fund navigation and environmental protection. This aims to end global trade disruption caused by the strait's closure during the US-Israeli war on Iran.

However, Iran's Deputy Foreign Minister Kazem Gharibabadi stated Tehran rejects Oman's proposal for an equal division of transit routes, citing security concerns. Iran instead proposed managing shipping through its side of the strait, with Oman managing only part of the opposite lane. Gharibabadi warned Tehran would consider “any action” to maintain control over the strait, including resuming war, though talks with Oman are proceeding. The US had recently suspended airstrikes against Iran, allowi
17:14
Leveraged exchange-traded funds (ETFs) linked to South Korean chipmaker SK Hynix are experiencing significant losses this week. This downturn is attributed to increasing volatility in the AI trade and a deepening slump in the broader chip sector.
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.

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