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7/28
19:59
Coinbase Canada's new CEO, Eric Richmond, stated that the company aims to expand its offerings in Canada to include derivatives, tokenized assets, and decentralized finance services. Richmond emphasized that this expansion requires Canada to establish clearer, permanent regulatory frameworks, moving beyond the current system of temporary exemptions.
19:59
A former Goldman Sachs Group Inc. banker went on trial Tuesday in the US for allegedly paying Ghanaian government officials a “holy rain” of bribes. The bribes were reportedly to secure a lucrative power plant deal for a client.
19:50
Yemen's Houthi group claims it fired ballistic missiles at the Saudi oil tanker NCC GHAZAL in the Red Sea. This alleged attack follows the Houthis' imposition of a naval blockade on Saudi vessels in the Red Sea over a week ago, citing an "unjust and oppressive siege" on Yemen by Saudi Arabia. The UK Maritime Trade Operations (UKMTO) reported a tanker explosion in the Red Sea, confirming the crew is safe and no environmental damage was reported. The Bab al-Mandeb strait, connecting the Red Sea to the Gulf of Aden, is a critical global shipping route for oil exports.
19:33
Myanmar's parliament has passed an anti-online scam bill. The new legislation imposes prison terms ranging from 10 years to life for individuals involved in crypto scams and operating scam centers.
19:31
Hedge funds are facing demands to post additional collateral following a recent tumble in AI stocks. The significant losses incurred in recent weeks have led to increased risk aversion across Wall Street.
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.

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