US Treasury yields dropped after unexpected job losses of 23,000 in July, complicating Fed's interest rate decision with inflation still elevated.
Decentralized finance analytics platform Zapper announced it will cease operations on August 3rd, citing falling demand as the primary reason. The platform, which once served over 2 million monthly active users and processed billions in transactions, joins a growing list of crypto firms folding amid a market downturn and reduced venture capital funding.
US nonfarm payrolls rose by only 57,000 in June, missing expectations, while the unemployment rate unexpectedly fell to 4.2%. Conversely, the Eurozone unemployment rate held steady at a record low 6.2% in May, highlighting diverging labor market trends and central bank policy paths.
Nasdaq has partnered with Pyth, an onchain financial data network, to distribute its proprietary market data, starting with Nasdaq TotalView, to blockchain applications and other software platforms. This move expands Nasdaq's digital asset strategies.
Bitcoin's price dropped to $58,000, entering a zone historically associated with cycle bottoms by power-law models. Derivatives data points to $55,000 as the next key support, while $65,000-$68,000 is identified as a major upside target, with a daily close above $60,000 crucial for a local bottom confirmation.
Bitcoin's price drop to $58,000 has placed it within a historical range for cycle bottoms according to power-law models. Derivatives data indicates $55,000 as crucial support and $65,000-$68,000 as a key upside target, with a daily close above $60,000 vital for a local bottom.
Google launched a dedicated mobile app for Google Finance on Android, with an iOS version coming. It offers watchlists, real-time data, news, and AI-powered "Key Moments." The tech giant also updated its web experience with global portfolios and AI research tools.
Bitcoin's rebound above $65,000 is met with mixed macro signals. While falling oil prices ease inflation concerns, the strong US Dollar Index and high Treasury yields suggest tight financial conditions persist, challenging Bitcoin's sustained recovery.
AI is transforming the crypto industry, shifting value from articles to databases. Companies like Blockworks are acquiring data providers, aiming to become the 'Bloomberg of crypto' by offering institutional-grade data and analytics, as traditional news distribution declines.
A study of supermarket data found paracetamol is the most common painkiller bought with sanitary products, but experts suggest ibuprofen may be more effective for period cramps due to its anti-inflammatory properties.
The price of high-purity tungsten hexafluoride has surged over 200% year-on-year to over 1,700 yuan ($251) per kg due to supply bottlenecks and rising demand from the semiconductor industry. Japanese producers Showa Denko Kanto and Central Glass plan production suspensions in July, potentially disrupting supply to major chipmakers like Samsung Electronics.
Institutional investors have pulled nearly $2.7 billion from Bitcoin and Ethereum ETFs in two weeks, but are rotating into Solana, Hyperliquid, and XRP funds, signaling a maturing market rather than a broad digital asset retreat.
Dunamu has launched 'Upbit Skill,' a new investment tool for AI agents, allowing them to easily access Upbit API functions like market data queries and order placements through natural language commands.
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Japan has reportedly intervened with $35 billion to support the yen, aiming to curb weakness driven by a wide interest rate gap with the U.S. While the move caused a short-term dollar decline, analysts warn that the carry trade remains a risk to assets like Bitcoin.
The MOEX Russia Index gained 0.15% to 2,757.7 points
