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Apple settles lawsuit over misleading AI claims for $250 million, U.S. users eligible for compensation
Svmuu News Apple has agreed to pay $250 million to settle a class-action lawsuit alleging that it misled consumers about the AI capabilities of its iPhone devices. The lawsuit claimed that Apple exagg
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Lawyers have classified the Aave hack by North Korean hackers as fraud in order to maintain the freeze on $71 million in assets
Svmuu News: Before a Manhattan federal court hearing, lawyers for North Korean victims are attempting to redefine the April rsETH attack on Aave as "fraud" rather than "theft," in order to maintain a
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“1011 Insider Whale” Agent Garrett Jin Deposits 166,000 ETH Worth $395 Million to Binance
Svmuu reported that, according to Onchain lens monitoring, “1011 Insider Whale” agent Garrett Jin deposited 166,000 ETH, worth approximately $395 million, to Binance after a two-month silence.
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Gold and silver both surged sharply, while international crude oil plunged over 6%
According to the latest data from Gate, the price of gold rose to $4,685.60 per ounce, up 2.81% on the day. The price of silver rose to $76.838 per ounce, up 5.57% on the day. BVIX (BTC Volatility Ind
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OpenTrade raises $17 million in strategic funding led by Mercury Fund and Notion Capital
Svmuu reported that OpenTrade has announced the completion of a $17 million strategic funding round, led by Mercury Fund and Notion Capital, with participation from a16z crypto, AlbionVC, CMCC Global,
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Gate Ventures: Stock Indices Hit New Highs Amid Policy Divergence, Market Uncertainty Rises
Svmuu reports that according to Gate Ventures' latest weekly report, the global market performance is generally stable, but inflationary pressures and policy divergences are rising simultaneously. The
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US Media: "Trump Account" May Allow Wealthy Individuals to Directly Donate Stocks
According to a report from the New York Times, officials at the White House and the U.S. Treasury Department have held internal discussions about expanding the investment scope of the "Trump Account"
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A wallet long on crude oil faces nearly $10 million in unrealized losses, has cut losses by $586,000
Svmuureported that according to on-chain analyst Ai Yi's monitoring, address 0xebe...14070 has accumulated long positions worth $55.36 million in crude oil, including CL and BRENTOIL, with entry price
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Whale "Set 10 Big Goals First" closes BTC short position, estimated loss $610,000
SvmuuNews According to on-chain analyst Yi's monitoring, the whale "Set 10 Big Goals First" (@Jason60704294) turned from long to short again yesterday afternoon, opening a short position of 501.65 BTC
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Svmuu Evening Brief
1. Hassett, Director of the White House National Economic Council: Issues related to Federal Reserve Chairman Jerome Powell remain uncertain; 2. Iran will begin reopening the Strait of Hormuz, and neg
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WTI crude oil fell 13.17% intraday, the first time since April 21
Svmuureports that according to Gate data, WTI crude oil has fallen below $90 per barrel for the first time since April 21, with an intraday decline of 13.17%.
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Spot silver rose 6.87% intraday, now at $77.79/oz
Svmuu reported that according to Gate data, spot silver rose $5.00 intraday, now at $77.79 per ounce, an increase of 6.87%.
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CryptoQuant: $93,000 is the Key Upside Target for BTC
Svmuu reports that a CryptoQuant analyst stated, "$93,000 is the key upside target for Bitcoin. CME gaps are not guarantees but signals. They represent areas where positioning, liquidity, and market p
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Spot gold breaks through $4,710 per ounce, up 3.38% intraday
Svmuu News Gate data shows that spot gold has broken through $4,710 per ounce, up 3.38% intraday.
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WTI crude oil fell 10.00% intraday, now at $93.25 per barrel
According to Gate data, WTI crude oil fell 10.00% intraday, now at $93.25 per barrel.
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pension-usdt.eth’s unrealized loss on 3x short BTC and ETH positions exceeds $19.6 million
Svmuu reported, according to Onchain Lens monitoring, with the market continuing to rise, the unrealized loss on the 3x short BTC and ETH positions held by pension-usdt.eth (0x0dd...a902) has exceeded
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SpaceX plans to invest $55 billion to build Terafab chip factory in Texas
Svmuu reported that Elon Musk's SpaceX has proposed investing $55 billion to start construction of a new semiconductor production facility in Texas, advancing its ambitious "Terafab" project. Accordin
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US and Brent crude oil prices plunged, with WTI crude oil falling 8.00% intraday
According to Svmuu, Gate data shows that WTI crude oil fell 8.00% intraday, now reported at $95.33 per barrel. Brent crude oil has dropped below $101 per barrel, reaching a new low since April 27, wit
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WTI crude oil falls below $96 per barrel, down 7.37% intraday
Svmuu reported that according to Gate data, WTI crude oil has fallen below $96 per barrel, down 7.37% intraday.
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Gate Prediction Market: MegaETH's First-Day FDV Mainstream Expectation Ranges Between $1.5 Billion and $2 Billion
SvmuuNews According to Gate's prediction market data, in the event related to "MegaETH market cap (FDV) one day after launch?", the market expects its valuation to exceed $1.5 billion but finds it dif
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US media: US and Iran close to reaching agreement on memorandum of understanding to end war
According to an Axios report, citing two U.S. officials and sources, the White House believes it is close to reaching an agreement with Iran on a one-page memorandum of understanding aimed at ending t
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Moon's Dark Side is about to complete a new round of $2 billion in financing, with a post-investment valuation exceeding $20 billion
According to a report from Svmuu, "LatePost" exclusively learned that Kimi (Moon's Dark Side) is about to complete a new round of $2 billion in financing, with a post-investment valuation exceeding $2
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US gasoline prices hit $4.50, approaching record highs
According to Svmuu, ongoing conflicts in the Middle East are adding further pressure. The American Automobile Association reported that the national average price for regular unleaded gasoline rose to
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Short-term losses in both WTI and Brent crude have widened, with WTI crude plunging 4.00% intraday
Svmuu News: According to Gate data, both WTI and Brent crude oil prices have extended their short-term declines. WTI crude has plummeted 4.00% intraday and is currently trading at $99.48 per barrel. B
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DeItaone reports: JPMorgan Chase, Morgan Stanley, and Canaccord Genuity raise AbbVie (ABBV) price target; Leerink Partners raises Agios Pharmaceuticals (AGIO) price target
JPMorgan Chase raised its price target on AbbVie (ABBV) from $280 to $285, Morgan Stanley from $278 to $296, and Canaccord Genuity from $282 to $290. Additionally, Leerink Partners raised its price ta
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Strategists Say US Treasury May Use Euros to Buy Yen to Avoid Weakening Dollar and Casting Doubt on Strong Greenback Policy
Strategists suggest the US Treasury may be using euros rather than dollars to fund its yen purchases. This approach aims to avoid weakening its own currency and prevent casting doubt on its strong gre
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Analysts expect the stock price of AI hardware company Celestica (CLS) to double over the next three years, as its Q2 revenue grew 62% and it raised its full-year guidance.
Yahoo Finance analysis indicates that the stock price of AI hardware company Celestica (CLS) is expected to double over the next three years. The company’s second-quarter revenue rose 62% year-over-ye
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The USD/JPY pair has fallen 1.74% today and is currently trading at 157.4000.
The USD/JPY pair has fallen 1.74% today and is currently trading at 157.4000.
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[On-Chain Stablecoin Monitoring] 100 million USDC (approximately $100 million) Burned on-chain
100 million USDC (approximately $100 million) were burned on-chain
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The U.S. Employment Cost Index (ECI) rose 0.9% in the second quarter, slightly above the expected 0.8%, with wage growth accelerating in the private sector.
According to data from the U.S. Department of Labor, the Employment Cost Index (ECI) rose 0.9% quarter-over-quarter in the second quarter, slightly exceeding the 0.8% increase expected by economists s
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BCA Research has turned bullish on gold, believing the recent sell-off is nearing its end
BCA Research, a macroeconomic research firm, says now is the time to buy gold, noting that the recent sell-off in gold is nearing its end as resistance caused by rising real yields is subsiding. The f
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Bank of Japan (BOJ) Data suggests that the foreign exchange market was intervened on Thursday, with the scale of the intervention estimated at approximately 8.45 trillion yen; the USD/JPY exchange rate plummeted at one point.
Bloomberg, based on an analysis of data from the Bank of Japan (BOJ) account, noted that the Japanese government may have intervened in the foreign exchange market on Thursday, July 30, buying yen and
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The dollar may post its worst performance in three months this week amid market concerns that the Federal Reserve is failing to curb inflation effectively
The U.S. dollar is on track for its worst week in three months, largely due to growing market concerns about whether the Federal Reserve can effectively curb inflation.
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U.S. Treasury Secretary Bessent called the yen “significantly undervalued” and explicitly supported Japan’s foreign exchange market intervention; the yen surged nearly 500 points against the dollar at one point.
U.S. Treasury Secretary Bessent publicly stated on Thursday that the yen “appears to be significantly undervalued in my view” and acknowledged that Japan may have intervened in the foreign exchange ma
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Bolivia Central Bank to Intervene in FX Market After Currency Drops 22%
Bolivia's central bank announced it will buy and sell U.S. dollars in the foreign exchange market. This intervention aims to stabilize the national currency, which has depreciated by 22% since the cou
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U.S. restaurant chain Shake Shack released its Q1 financial results and lowered its earnings guidance
U.S. restaurant chain Shake Shack reported its first-quarter financial results, with revenue rising 14.3% year-over-year to $366.7 million and same-store sales increasing 4.6%. The company reported a
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The yen staged a sharp rebound, with the dollar falling more than 3% against the yen to 158.5, amid market speculation that Japanese authorities have intervened again.
On July 30, the yen surged sharply during trading, with the USD/JPY exchange rate briefly falling below the 160 mark, dropping more than 3% on the day to around 158.5. The market widely speculated tha
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US Dollar Slips Against Yen as Focus Shifts to Inflation Data
The US dollar weakened against the Japanese yen, with the yen rising 0.3% to a one-week high of 162.88 per dollar. This movement occurred as market attention shifted to the upcoming US Personal Consum
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The yuan rose to its highest level against the dollar since early 2023 after the dollar weakened following the Federal Reserve's actions.
The yuan has risen to its highest level against the U.S. dollar since early 2023. This is due to a weaker U.S. dollar and continued policy support from Chinese authorities.
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MUFG Warns Dollar Outlook Deteriorated Amid Fed Policy Uncertainty
MUFG warned that the outlook for the U.S. dollar has deteriorated. This assessment follows the Federal Reserve's decision to leave interest rates unchanged and offer little clarity on its future polic
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Indonesia's Danantara Dollar Debt Plan Faces Delays Amid Global Bond Volatility
Indonesia's sovereign wealth fund Danantara's planned dollar notes are unlikely to price quickly, as a global bond rout is clouding debt issuance, according to people familiar with the matter.
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Chipotle Raises Full-Year Same-Store Sales Forecast After Strong Q2 Earnings
Chipotle Mexican Grill has raised its full-year same-store sales growth forecast to a low single-digit percentage, up from its previous outlook of flat sales. This follows the company's second-quarter
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ING: If the Fed keeps interest rates unchanged, the dollar will come under pressure and follow oil prices lower
ING Group said that if the U.S. Federal Reserve (Fed) keeps interest rates unchanged at its meeting this Wednesday, the dollar will come under pressure and may fall along with oil prices.
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Bitcoin Rises to $64,344 Ahead of Expected Fed Rate Hold
Bitcoin climbed 0.8% to $64,344 as the U.S. dollar weakened ahead of the Federal Reserve's upcoming rate decision. While markets widely anticipate no change in rates, any hawkish signals from the Fed
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TD Securities Warns US Dollar Will Weaken If Fed Leaves Rates Unchanged This Week
TD Securities predicts the US dollar will weaken if the Federal Reserve maintains current interest rates at its meeting this week. The firm attributes this forecast to the market's mispricing of the F
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Markets Eye Bank of Japan Meeting on Friday as Yen Repeats 40-Year US Dollar Lows
Markets are closely watching the Bank of Japan (BoJ) meeting scheduled for Friday, as the Japanese yen is repeating 40-year lows against the US dollar. Analysts have warned that this situation could l
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BofA Expects Fed to Hold Rates in July, Citing Unprecedented Nature of Hike Below 60% Odds
Bank of America (BofA) expects the U.S. Federal Reserve to maintain interest rates in July, despite markets pricing in a small chance of a hike. The bank states that a July increase would be "unpreced
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US Dollar Nears Four-Week Peak as Markets Eye Potential Fed Rate Hike This Week
The U.S. dollar held steady near a four-week high on Tuesday, with the dollar index hovering around 101.50, as traders assessed the possibility of a Federal Reserve interest rate hike this week. Marke
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