Treasury yields and the dollar fell while the Dow registered a record closing high on Friday as a subdued U.S. inflation report lifted expectations of an outsized interest rate cut at the Federal Reserve's November policy meeting. 

 A super PAC aligned with former President Donald Trump’s campaign says it will spend $100 million on ads between now and Labor Day as Trump looks to recapture momentum that has faltered since Democrats coalesced around Kamala Harris as their presidential nominee. 

 Multiple US officials across the region and in Washington told CNN that the US expects Iran to retaliate in the coming days – perhaps even within the next 24 hours – against Israel for Ismail Haniyeh’s killing.

But the US has struggled to gauge when the response will come and what form it will take, in part because Iran already moved some of the military assets necessary to carry out a major attack on Israel in April, making it more difficult for US intelligence to predict its actions now. 

 Over half of the 50 largest cryptocurrencies by market capitalization are in the red following the biggest crypto sell-off in over a year.

The entire crypto market saw a $510 billion drop in total market capitalization.

Following the sell-off, over 60% of the top 50 cryptocurrencies lost all the gains made during 2024, 

 Steven Fulop, the mayor of Jersey City since 2013, suggested he planned to allocate part of the city’s pension fund to crypto exchange-traded funds, or ETFs. 

In a July 25 X Post, Mayor Fulop said the Jersey City pension fund was updating its paperwork with the United States Securities and Exchange Commission (SEC) to reflect an investment in Bitcoin 
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 ETFs. Though the mayor did not explicitly state what percentage of the fund would be in crypto, he said it would be sim 

 Digital asset manager Hashdex has taken another step in its proposal to offer a combined spot Bitcoin and Ether exchange-traded fund in the United States.

On June 24, the firm submitted an S-1 registration statement for its Hashdex Nasdaq Crypto Index US ETF, which will track certain cryptocurrency assets in the Nasdaq Crypto US Settlement Price Index — a daily closing value of the Nasdaq Crypto Index which measures the performance of a significant portion of the digital asset market. 

 Bitcoin mining device with a hashrate of only 500 gigahashes per second (Gh/s) managed to mine a block on July 24, according to an X post from Bitcoin mining device retailer Altair Technology. The block is worth approximately $206,000 based on the current Bitcoin price.

“Congratulations to the miner who likely mined the first solo BTC block with a Bitaxe on @ckpooldev with ~500 Gh hashrate!” the post stated. 

 The U.S. military intercepted several Russian and Chinese bombers in international airspace near the coast of Alaska Wednesday.

Two Russian Tu-95s and two Chinese H-6s entered what is known as the Alaska Air Defense Identification Zone, North American Aerospace Defense Command said in a statement Wednesday night.

The aircraft were "detected, tracked and intercepted," NORAD said. They remained in the Alaska ADIZ and did not enter U.S. airspace. 

 Bitget has become Japan’s second-largest cryptocurrency wallet behind MetaMask, following a period of noticeable growth in the second quarter of 2024.

Bitget wallet’s new user adoption in the Japanese markets increased by over 34% during the second quarter of 2024. This makes Bitget’s wallet the second most popular among Japanese users after industry leader Metamask, according to an announcement shared with Cointelegraph. 

 As the spot Ether exchange-traded funds (ETFs) are about to see their first day of trading, asset manager Bitwise has pledged to donate 10% of its profits to Ethereum developers. 

On July 22, the United States Securities and Exchange Commission (SEC) approved the final S-1 statements required for spot Ether
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 ETFs to launch on stock exchanges, including the Nasdaq, the Chicago Board Options Exchange and the New York Stock Exchange (NYSE).

As it debuts its ETF on the NYSE 

 The recent rebound in Bitcoin prices has had a ripple effect across the crypto industry, notably boosting the stock prices of leading Bitcoin mining companies.

As Bitcoin surges past the $65,000 mark, firms like Marathon Digital (MARA) and Riot Blockchain (RIOT) are experiencing significant financial gains, highlighting the interconnectedness of cryptocurrency asset values and mining profitability. 

 In a landmark achievement, US Bitcoin spot exchange-traded funds (ETFs) have cumulatively netted over $17 billion in inflows, setting a new record.

According to data monitored by Farside Investors, the net inflows were driven primarily by BlackRock's IBIT, which alone accumulated $18.968 billion. Fidelity’s FBTC also contributed significantly, with net inflows of $9.962 billion 

 The United States Air Force said it had reached a deal with Boeing (BA.N), opens new tab for the supply of E-7 Wedgetail airborne warning and control aircraft and downplayed concerns that the company's internal crisis would harm its ability to supply the Pentagon.
The provisional deal covers the rapid production of prototypes as the Air Force phases out E-3 Sentry or AWACS airborne warning and control aircraft, and follows reports of disagreements over the price for the 737-based Wedgetail plane 

 The much-talked-about new regulations from South Korea’s financial security regulator, designed to protect users buying and storing crypto assets with virtual asset service providers (VASPs), came into force on July 19.

Titled the “Virtual Asset User Protection Act,” VASPs must take several steps to ensure the protection of user’s crypto, according to a July 17 statement from South Korea’s Financial Services Commission (FSC). 

 Nigerian cryptocurrency celebrity Linus Williams, popularly known as Blord, has been granted bail following three days in police custody. 

The fintech CEO, who commands a significant following in the cryptocurrency community, was detained by the Cybercrime unit of the Nigeria Police Force over allegations of cryptocurrency fraud and terrorism financing linked to his companies.

Blord was arrested on Tuesday in Abuja, leading to a flurry of reactions from his supporters and the broader fintech c 

 According to Shetty, the WazirX team is preparing a bounty program to incentivize individuals and entities to help freeze or recover the stolen assets. This program is part of their strategy to enhance their efforts in tracing the stolen funds. 

 Bitwise Invest CEO Hunter Horsley reveals that a large bank in the U.S. is heavily investing in Bitwise spot Bitcoin ETF and other crypto ETFs. Spot Bitcoin ETFs are witnessing mainstream adoption and experts believe sovereign wealth funds, pension funds, and endowments will eventually accumulate later as they have a long due diligence timeline. Jane Street Group and Boothbay Fund Management have the largest holding in Bitwise ETF (BITB) 

 Bitcoin is now estimated to have on-chain daily volume of $46.4 billion, which is more than credit card giants Visa and Mastercard process each day.

Visa processes approximately $38.9 billion in daily transactions, and Mastercard processes around $24.7 billion, according to data from a recent CME report. The surging crypto market has sent bitcoin’s value up almost 50% year to date and cemented the cryptocurrency as a valid payments contender.

The recent influx into bitcoin was largely due to r 

 One day after the Republican National Convention, new public calls for Biden to drop out from a dozen lawmakers – including Democratic Sen. Martin Heinrich of New Mexico and California Rep. Zoe Lofgren, a close ally to former Speaker Nancy Pelosi – grew the list of congressional Democrats to more than 30. 

 Caught up in the storm of price action and US politics, it’s easy to forget the Bitcoin technology landscape had its own breakout earlier this year. Now that things have cooled off over the summer, next week’s Open-Source Stage at Bitcoin Nashville is a good opportunity to survey the industry’s progress.

Looking at this agenda, this year’s stacked lineup should be able to provide some signal amidst the electoral chatter. To warm us up for what promises to be an absolute marathon of an event, I’ 

 Tyler and Cameron Winklevoss, the entrepreneurial duo of Facebook fame and founders of the Gemini cryptocurrency exchange announced Thursday a $500,000 donation each in bitcoin to a super PAC supporting John Deaton, a pro-crypto lawyer looking to end Democratic Senator Elizabeth Warren’s twelve-year reign. 

 WASHINGTON, July 17 (Reuters) - The U.S. Commerce Department said on Wednesday it planned to award Taiwan's GlobalWafers (6488.TWO), opens new tab up to $400 million in government grants to significantly increase production of silicon wafers.
The funds for projects in Texas and Missouri would establish the first U.S. production of 300-mm wafers for advanced semiconductors and expand production of silicon-on-insulator wafers, the Commerce Department said. 

 Rising expectations that former President Donald Trump will regain the White House in November are supercharging the so-called Trump trade, on views that his policies will lift corporate profits even while spurring worries about the country’s long-term fiscal health.
The two sides of the trade have been evident in recent weeks, as investors price in greater odds of a win by the Republican challenger following a disastrous performance by President Joe Biden in a late June debate. 

 Rising expectations that former President Donald Trump will regain the White House in November are supercharging the so-called Trump trade, on views that his policies will lift corporate profits even while spurring worries about the country’s long-term fiscal health.
The two sides of the trade have been evident in recent weeks, as investors price in greater odds of a win by the Republican challenger following a disastrous performance by President Joe Biden in a late June debate. 

 According to a study released by Lucidworks on Wednesday, manufacturers are implementing planned Generative AI initiatives more slowly than expected due to concerns about accuracy. The study, which surveyed over 2,500 global leaders involved in AI technology decisions, found that 58% of manufacturing leaders intend to increase their AI spending in 2024. This figure is lower than the global average of 63% and the U.S. average of 69%. In 2023, 93% of all leaders, including those in manufacturing, 

 Microsoft has relinquished its board observer position at OpenAI to alleviate concerns from U.S. and UK antitrust regulators about its influence over the AI startup amid the increasing popularity of generative artificial intelligence.

However, a source at the U.S. Federal Trade Commission indicated on Wednesday that this change is unlikely to address the FTC’s concerns. The agency is currently conducting an antitrust review of deals involving major tech firms and leading AI companies. 

 China is leading the world in adopting generative AI, a new survey shows, the latest sign the country is making strides in the technology that gained global attention after U.S.-based OpenAI's ChatGPT launched in late 2022.
In a survey of 1,600 decision-makers in industries worldwide by U.S. AI and analytics software company SAS and Coleman Parkes Research, 83% of Chinese respondents said they used generative AI, the technology underpinning ChatGPT. 

 Meta, in collaboration with Vodafone, has optimized short-form video delivery on 11 European mobile networks, freeing up capacity without affecting the viewing experience. Video demand on platforms like Instagram, TikTok, and YouTube is driving significant data growth, with video accounting for 73% of mobile traffic by the end of 2023. Despite telecom operators’ complaints about bearing upgrade costs while Big Tech benefits, an EU effort to have Big Tech contribute to 5G investment has stalled. 

 Meta, in collaboration with Vodafone, has optimized short-form video delivery on 11 European mobile networks, freeing up capacity without affecting the viewing experience. Video demand on platforms like Instagram, TikTok, and YouTube is driving significant data growth, with video accounting for 73% of mobile traffic by the end of 2023. Despite telecom operators’ complaints about bearing upgrade costs while Big Tech benefits, an EU effort to have Big Tech contribute to 5G investment has stalled. 

 Japan’s Nikkei hit a record high on Tuesday as investors awaited Federal Reserve Chair Jerome Powell’s comments on potential rate cuts amid a cooling U.S. labor market.

EUROSTOXX 50 futures fell 0.3%, FTSE was flat, while S&P 500 and Nasdaq futures rose 0.2% and 0.3% respectively after Wall Street’s record highs on Monday.

The Nikkei surged 1.5% due to semiconductor gains, while the broader Asia-Pacific index was flat after reaching a two-year high. Taiwanese shares hit a record before droppin 

 Bitcoin miners have what artificial intelligence purveyors need: power. A number of the long-suffering mining companies now find themselves with the opportunity to sell data-center services to free-spending AI customers thanks to their access to electricity.

Many of the miners have built their operations to take advantage of inexpensive commercial power in places like Texas and North Dakota. AI providers need a lot of juice—a ChatGPT query takes 10 times the energy of a Google search—and 14 pub 

 The German government has transferred over 3,000 Bitcoin since 11:11 am UTC, bringing the total BTC volume moved by the government over the last 24 hours to a five-figure amount.

The transactions continue the Bitcoin
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 sell-off trend set by the German government since June 19 despite parliamentary members like the German lawmaker and BTC activist Joana Cotar urging it to “refrain” from doing so.

Cotar urged the government to stop its “hasty disposal of state-owned Bitco 

 After facing a massive sell-off in June, Bitcoin might have potentially reached a local bottom, according to a new report by analysts from the Bitfinex exchange.

Bitcoin’s 
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 price plummeted below the 120-day range on July 3, dropping to as low as $53,219 amid the increasing fear, uncertainty and doubt related to the start of Mt. Gox’s creditor repayments and other issues.

Bitfinex analysts suggested on July 8 that Bitcoin might have reached a local bottom based on mark 

 Washington
CNN
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President Joe Biden told congressional Democrats in a letter on Monday that he will continue his reelection bid despite mounting concerns about his mental fitness and the viability of his campaign, while also hitting back at party “elites” in an interview ahead of a critical week on Capitol Hill. 

 Japan’s crypto use will stay among the highest in the world, with the number of people trading crypto daily rising from 350,000 to around 500,000 by the end of this year, according to a Bitget study.

This places Japan’s market size between those of Turkey and Indonesia. It’s also about two-thirds the size of South Korea’s market. This strong adoption in Japan can be attributed to the government’s forward-thinking regulations that encouraged the industry’s growth.

New regulations focused on com 

 Digital asset investment products have seen inflows totaling $441 million amid the recent sell-off by Mt. Gox and the German government.

According to a Monday report by CoinShares, the inflows came as investors saw the price weakness driven by Mt. Gox and the German government’s selling pressure as a buying opportunity.

The report noted that while volumes in exchange traded products (ETPs) remained relatively low at $7.9 billion for the week, in line with the typical seasonal pattern of lower 

 WILMINGTON, Delaware, July 8 (Reuters) - A record $7 billion in attorneys' fees for three firms that successfully challenged Elon Musk's $56 billion Tesla pay package provides an incentive for lawyers to hold corporate boards accountable, an attorney for a company shareholder told a Delaware judge on Monday.
For more than six hours, legal teams for the company and a shareholder sparred over how much to award to three law firms which represented Richard Tornetta, who owned nine shares of Tesla wh 

 AMSTERDAM, July 8 (Reuters) - Chip buyers, including the German car industry, need the older generation computer chips that Chinese chipmakers are currently investing in, the CEO of equipment maker ASML(ASML.AS), opens new tab said in an interview with Germany's Handelsblatt newspaper published on Monday.
The remarks by Christophe Fouquet, who took over as CEO at Europe's largest tech firm in April, come as the European Commission has begun surveying firms including ASML for their views on Chine 

 When salt solutions evaporate, deposits of intricate and often beautiful crystallisation patterns are formed which may seem random and unpredictable. But now a machine learning technique has shown how images of such patterns from aqueous inorganic salt deposits can be used to predict their chemical composition. The approach could find various uses from space exploration to deposit-identifying smartphone apps. 

 Black churchgoers give Biden warm welcome
Biden faces calls to end reelection bid after debate performance
Senior House representatives tell leadership Biden should step aside
Some Democrats suggest Kamala Harris could replace Biden if he steps down
Biden dismisses calls to drop out 

 Metaplanet KK has expanded its cryptocurrency portfolio by purchasing an additional 42.466 Bitcoins at an average price of 9,419,300 yen each, totaling 400 million yen. This latest investment increases their total Bitcoin holdings to 203.734 Bitcoins, with the aggregate amount spent on Bitcoin now reaching 2.05 billion yen. 

 Bitcoin mining firm TeraWulf says it would consider a merger if there’s an opportunity to widen profit margins — but not if it’s merely for “empire building,” according to its chief strategist.

It comes amid expectations of more mergers and acquisition (M&A) offers in the mining sector following the latest Bitcoin halving.

“We will certainly consider inorganic growth opportunities through M&A [but] expanding merely for growth’s sake, or empire building, without considering profitability makes 

 Shiba Inu’s team issued a critical warning of a potentially compromised Telegram group.
The cryptocurrency industry is a dynamic one with many exciting developments happening daily.

However, it’s also oftentimes a target for hackers and wrongdoers who are looking to exploit the inability of novice users to safe keep their crypto.

This is especially true for the meme coin sector.

That said, Shiba Inu (SHIB) is one of the most popular meme coins and it boasts a huge community.

LUCIE, the proje 

 In 2019, Donald Trump described Bitcoin as “very volatile” and based on “thin air” and displayed notable skepticism towards cryptos. But on the eve of the 2024 elections, the former president has drastically changed his tune. Facing an ever-changing economic and political landscape, Trump now views Bitcoin as a strategic reserve for the United States. This surprising about-face could redefine not only the electoral campaign but also the financial future of the country. As Trump seeks to rally yo 

 Elon Musk's Texas Tesla Gigafactory is expanding to contain an AI supercomputer cluster, and Supermicro's CEO is a big fan of the cooling solution. Charles Liang, founder and CEO of Supermicro, took to X (formerly Twitter) to celebrate Musk's use of Supermicro's liquid cooling technology for both Tesla's new cluster and xAI's similar supercomputer, which is also on the way. 

 Amid rising demands from fellow Democrats for him to end his re-election campaign, U.S. President Joe Biden on Saturday showed no indication of stepping aside following two defiant public appearances the previous day.

At 81, Biden is encountering a gradual revolt from congressional Democrats and influential donors worried about his ability to defeat Republican Donald Trump, 78, in the upcoming Nov. 5 election.

A highly anticipated interview with ABC News, which aired Friday evening, did little 

 The Floki Inu memecoin project has warned users and the broader cryptocurrency community about ongoing scams involving unauthorized tokens falsely associated with its brand. The fraudulent tokens have surfaced on the Solana and Base blockchains, misleading investors.

The official X account of Floki Inu took to social media to alert its followers about the scam tokens. It highlighted that the legitimate Floki Inu (FLOKI) token is exclusively available on the BNB Smart Chain and Ethereum networks 

 Nigeria’s crypto community has praised Europe’s Markets in Crypto-Assets Regulation (MiCA) stablecoin rules as a positive development, saying it is important for jurisdictions to prioritize their interests regarding crypto projects, thereby protecting their local currencies.

In an interview with Cointelegraph, Nigerian data and policy analyst Obinna Uzoije shared his thoughts on what the Economic Community of West African States (ECOWAS) can learn from Europe’s MiCA. He highlighted the numerous 

 CNN
 — 
President Joe Biden’s dismal showing at the CNN presidential debate against former President Donald Trump resonated around the world, with foreign diplomats expressing shock and concern while raising questions about the implications for a consequential US election that could upend the foreign policy status-quo should Trump be elected again. 

 Amazon.com hired away artificial intelligence startup Adept's co-founders and some of its team in a move that echoes one by rival.

Microsoft as it seeks to battle a perception that it is playing catchup to its rivals in AI. Adept said in a blog post Friday that cofounder and CEO David Luan, as well as several other co-founders and employees were leaving to join Amazon. 

 Microsoft's partnership with OpenAI could face an EU antitrust investigation as regulators singled out their exclusivity clauses while Google's artificial intelligence deal with Samsung also triggered scrutiny.

EU antitrust regulators will seek additional third-party views, EU competition chief Margrethe Vestager said on Friday. The moves underscore the unease among regulators worldwide on Big Tech leveraging its dominance into the new technology, echoing the companies' market power in other se 

 Google appears to be expanding access to its most advanced text-to-image AI model, Imagen 3. Originally announced last month with limited access, Google is believed to be planning early access to it for Gemini Advanced subscribers through a popup within the beta version of the Google app for Android.

Spotted through an APK teardown, the app's code reveals that Imagen 3 could become more widely available after its initial limited release. While there's no definitive way to confirm if the updated 

 According to a new article from Axios, Kamala Harris is reportedly considering Michigan Senator Gary Peters as her running mate in 2024.

The news outlet claimed that the push to consider Peters is coming primarily from labor unions, and the addition of the Michigan Senator could strengthen the Harris ticket in the battleground state.

Axios said Peters is interested in taking the position and is currently trying to bolster support from his fellow Democrats for a potential vice presidential run. 

 Leading Filipino crypto exchange Coins.ph has launched its Philippine Peso stablecoin, PHPC, on the Ronin blockchain.

In a Monday post on X, the exchange, which boasts an impressive user base of over 18 million, revealed it has obtained approval from the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, to pilot PHPC under the BSP’s Regulatory Sandbox Framework.

PHPC is a stablecoin specifically designed to be pegged to the Philippine Peso, with each token fully backed by