South Koreaâs stock market crash is now officially worse than in 1997 and 2008
In brief The Kospi fell by over 33% in July, the worst month in history The drop surpasses the IMF crisis of October 1997 with a 27% loss and the decline of 23% in 2008. The fall runs deeper than it did under COVID-19, with a support level of 5100 in focus Read the original story South Koreaâs stock market crash is now officially worse than in 1997 and 2008 by Jakub Dziadkowiec on no.beincrypto.com
OpenAI says July annual revenue surpassed the entire second quarter
In short OpenAI CFO Sarah Friar informed employees: July annual revenue surpasses the entire second quarter The update came the same day that Microsoft and Meta reported quarterly results. OpenAI valued at $ 852 billion after a record-breaking funding round of $ 122 billion Read the original story: OpenAI says July annual revenue surpassed the entire second quarter by Kamina Bashir on no.beincrypto.com
Cash Cat regains the Robinhood Chain crown after Q2 results presentation
In short CASHCAT stâŠp 16% and retook the top spot on Robinhood Chain. The token is still trading 79% below the record from July 11. Vlad Tenevâs latest X search showed CASHCAT below the earnings release. Read the original story Cash Cat regains the Robinhood Chain crown after Q2 results presentation by Kamina Bashir on no.beincrypto.com
Ethereum Foundation appoints new board member: What should he do for ETH?
In short The Ethereum Foundation adds Pascal Caversaccio, known as pc, to its board I was co-founder of SEAL 911 and wrote the Ethereum Cypherpunk Manifesto in 2024. The board now includes Miyaguchi, Buterin, Storchenegger, and Caversaccio. Read the original story Ethereum Foundation appoints new board member: What should he do for ETH? by Phil Haunhorst on no.beincrypto.com
Asian stocks diverge after disagreement in the Fed creates uncertainty in global stocks
In short terms Japan's Nikkei rose while South Korea's KOSPI fell as Asian markets traded mixed. The Fed kept the interest rate unchanged with a 9â3 vote, the most divided decision under Warsh Brent crude oil stays below $90 a barrel following Wednesday's jump due to new attacks from Iran. Read the original story Asian stocks diverge after disagreement in the Fed creates uncertainty in global stocks by Darryn Pollock on no.beincrypto.com
SpaceX stock continues to fall despite the $1.6 billion Space Force agreement
In brief SpaceX stock falls 3.32% on Wednesday even after winning $1.6 billion in Space Force contracts Space Force awards 18 Falcon 9 missions to missile-tracking satellites through 2027 SpaceX has now secured more than $7 billion in Pentagon contracts so far this year Read the original story SpaceX stock continues to fall despite the $1.6 billion Space Force agreement by Darryn Pollock on no.beincrypto.com
Hyperliquid gets its first Japanese corporate buyer while American funds sell for $27 million
In brief Tokyo-listed Eole bought 1,078 HYPE tokens, a first for Japanese publicly listed companies U.S. spot HYPE funds have lost $27 million over ten trading days HYPE falls 19.4% in one month, the worst among the 20 largest tokens. Read the original Hyperliquid story: gains its first Japanese corporate buyer while American funds sell for $27 million by Kamina Bashir on no.beincrypto.com
Pi Network begins the ninth protocol upgrade before the final version 27
In short PI rose 6.66% when Pi Network began rolling out its Protocol 26 upgrade. Mainnet node operators must upgrade by 11 August Protocol 27 follows as the last planned upgrade in the sequence. Read the original story of Pi Network starting the ninth protocol upgrade before the final version 27 of Kamina Bashir on no.beincrypto.com
Kioxia may consider dividends and share buybacks after the stockâs 65% drop
In short Kioxia shares fell 65% from their June highs and wiped out $245 billion in value Analysts say rising losses make share buybacks more likely Kioxia reports results for the first quarter on Friday, July 31 Read the original story Kioxia could consider dividends and share buybacks after the stock fell 65% by Darryn Pollock on no.beincrypto.com
Fed decided to do nothing and it backfired: Hereâs why
In short The Fed kept money-lending rates unchanged on Wednesday, but bond yields rose instead of settling down The 30-year government bond yield hit 5.21%, the highest level since 2007 Traders and economists say Warshâs inaction, not a rate hike, unsettled the bond market Read the original story: Fed decided to do nothing and it backfired: Hereâs why by Darryn Pollock on no.beincrypto.com
Luno cuts staff: New warning light when crypto exchange shutdowns increase
In short Luno cuts 20% of its global staff, CEO James Lanigan confirms A setback comes three weeks after AscendEX, BitMEX and BitMart shut down Layoffs in big tech have been common this year, raising questions Read the original story Luno cuts staff: New warning light when crypto exchange shutdowns increase by Darryn Pollock on no.beincrypto.com
Samsung profit rises by 1,800% as AI chip demand delivers a record quarter
In brief Samsungâs operating profit rose 1,800% year over year to 89.5 billion won Record demand for server memory drives Samsungâs chip division to a top-tier level. The results followed a strong sales surge on Wednesday tied to fears of AI valuation. Read the original story: Samsung profit increases by 1,800% as AI chip demand delivers a record quarter by Darryn Pollock on no.beincrypto.com
Wall Street's worst day since April 2025: Did the Fed just lose the market?
In brief The Dow fell 1,153 points on Wednesday after the Fed kept rates unchanged Three FOMC members disagreed and wanted a rate hike instead of keeping rates unchanged The 10-year government bond yield rose to its highest level since 2007 Read the original story Wall Street's worst day since April 2025: Did the Fed just lose the market? by Darryn Pollock on no.beincrypto.com
Lummis, the strongest advocate of the Clarity Act, hit by a crypto scam hack
In brief Lummis' verified X account promoted a fake Solana token before it was deleted Fraudulent post targeted the Senate's leading Clarity Act champion during a decisive period Lummis' office had not confirmed the compromise at the time of publication. Read the original story: Lummis, the strongest advocate for the Clarity Act, was hit by a crypto scam hack by Lockridge Okoth on no.beincrypto.com
Microsoft impresses in Q4: Azure growth drives AI boomâhow should traders position themselves?
In short Microsoft reported $90 billion in revenue in Q4 as Azure growth rose to 43% Stocks rose above $403 after hours while Bitcoin stalled near $63,500. The investments reached $115.9 billion in the fiscal year 2026 and put AI returns' patience to the test Read the original story Microsoft impresses in Q4: Azure growth drives AI boomâhow should traders position themselves? by Lockridge Okoth on no.beincrypto.com
Robinhood crypto revenues beat expectations despite a 38% fall: How will the stock react?
In brief Robinhood reported $100 million in crypto revenues for the second quarter, beating the estimate of $86.6 million Crypto revenues fell 38% from the previous year as app trading volumes dropped to $18 billion HOOD fell 3.15% to $89.84 and weakened further in after-hours trading. Read the original story Robinhood crypto revenues beat expectations despite a 38% drop: How will the stock react? by Lockridge Okoth on no.beincrypto.com
Meta revenue beats expectations, but AI spending weighs on profitability: Will the stock rise?
In short Meta revenue rose 28% despite pressure on earnings from increased AI investments AI infrastructure spending increased the capex forecast for 2026 to as much as $145 billion Strong ad revenue growth contrasts with shrinking margins and lower earnings per share Read the original story Meta revenue beats expectations, but AI spending weighs on profitability: Will the stock rise? by Lockridge Okoth on no.beincrypto.com
Binance.US is reportedly set to apply for a CFTC license to launch prediction markets
In brief Binance.US plans to apply for CFTC Designated Contract Market status next month CEO Stephen Gregory revealed the plan on stage during Rare Evo in Las Vegas. Trading volumes in prediction markets surpassed $ 25 billion on CFTC-regulated platforms in 2025 Read the original story: Binance.US is reportedly set to apply for a CFTC license to launch prediction markets by Lockridge Okoth on no.beincrypto.com
Play the ball, says Warsh as the Fed keeps inflation in focus; SPY, bonds react
In brief Warsh tells the markets that they should play the ball, not the referee. The Fed chief defends the 2% target and dismisses a softer goal SPY rose, returns fell, and Bitcoin held near $64,237. Read the original story Play the ball, says Warsh as the Fed keeps inflation in focus; SPY, bonds react by Lockridge Okoth on no.beincrypto.com
Bitcoin and gold rise after the Fed holds the rate and the FOMC is split 9 to 3
In brief The Fed holds the rate at 3.50% to 3.75% while three officials back a hike Bitcoin dips toward $64,700 and gold spot prices hit $4,084 within minutes. Fed swaps no longer fully price in a rate hike in September Read the original story Bitcoin and gold rise after the Fed holds the rate and the FOMC is split 9 to 3 by Lockridge Okoth on no.beincrypto.com