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07-24

U.S. July S&P Global Manufacturing PMI Preliminary Reading at 53.8, Below Expectations

The U.S. S&P Global Manufacturing PMI preliminary reading for July was 53.8, compared to an expectation of 54.3 and a prior value of 53.9; the U.S. S&P Global Services PMI preliminary reading for July was 53.6, compared to an expectation of 51.5 and a prior value of 51.2; the U.S. S&P Global Composi

Charles Edwards: Bitcoin's Quantum Roadmap Could Reduce Risk Discount

Bitcoin’s quantum-computing threat is once again taking center stage among market watchers, with Capriole Investments founder Charles Edwards arguing that developers could quickly relieve a major uncertainty if they publicly set out a practical roadmap for quantum-resistant upgrades.In an interview

LMAX Considers Strategic Options Including Sale, SPAC Merger, or IPO

According to Huoxing Finance, institutional trading platform LMAX is collaborating with advisors Morgan Stanley and KBW, the investment banking arm of Stifel, to evaluate strategic alternatives. Sources familiar with the matter say potential options include a possible sale, a SPAC merger, or an IPO.

Philadelphia Semiconductor Index Falls 2% as Major Chip Stocks Decline

The U.S. stock market's Philadelphia Semiconductor Index fell 2% to 12,093.96. NVIDIA declined 0.77%, TSMC dropped 1.48%, Broadcom fell 2.38%, SK Hynix slid 5.42%, Micron Technology decreased 4.43%, AMD declined 0.92%, ASML fell 1.42%, Intel dropped 2.92%, Lam Research declined 1.51%, ARM fell 1.66%

Bitcoin Struggles to Break $68,000 as 3.55M BTC Cluster Adds Resistance

Bitcoin’s advance is running into heavy resistance near $68,000 as 3.55 million BTC approach their holders’ cost basis, creating a supply wall that is offsetting strong spot bitcoin ETF demand.Key TakeawaysA cluster of 3.55 million BTC has cost bases concentrated around $68,000.Bitfinex says ETF inf

Samsung and SK Hynix to Announce Major US Tech Deals During South Korean President's Visit

South Korea is bringing its A-game to Silicon Valley. Samsung Electronics and SK Hynix are set to unveil large-scale supply agreements with US technology companies during President Lee Jae Myung’s visit starting July 25, 2026, according to presidential policy chief Kim Yong-beom.The deals center on

LMAX Group Considers Sale or IPO, Valued Up to $5 Billion

PANews, July 24: According to CoinDesk, institutional crypto trading platform LMAX Group is collaborating with Morgan Stanley and investment bank KBW to evaluate strategic options, including a potential sale, SPAC merger, or IPO on Nasdaq or in Europe, with a possible valuation of up to $5 billion.

LMAX Considers Sale, SPAC Merger, or IPO Following $150M Investment from Ripple

Odaily Planet Daily reports that institutional trading platform LMAX is collaborating with advisors Morgan Stanley and KBW, the investment banking arm of Stifel, to evaluate strategic alternatives. Sources familiar with the matter say potential options include a possible sale, a SPAC merger, or an I

LMAX Group Considers Sale or IPO, Valued at Up to $5 Billion

BlockBeats report: On July 24, institutional crypto trading platform LMAX Group is collaborating with Morgan Stanley and KBW, the investment banking arm of Stifel, to evaluate strategic options, including a sale, SPAC merger, or listing in the U.S. or Europe, with a potential valuation of up to $5 b

Correlation between U.S. capital spending firms and the semiconductor index is near zero

BlockBeats news, on July 24, data showed that the 30-day correlation between U.S. major capital expenditure companies and the semiconductor index (SOX) has dropped to near zero, the lowest level in at least 4.5 years, falling sharply from +0.78 in April and well below the average of +0.60 since 2022

Fluid and AGI3 Group Announce Strategic Partnership; Kinetic Group to Acquire Up to 10% of FLUID Supply

According to Huoxing Finance, on July 24, the DeFi protocol Fluid and AGI3 Group announced a strategic ecosystem partnership through a governance proposal. Kinetic Group plans to acquire up to 10% of the total FLUID token supply through secondary market purchases and over-the-counter transactions; t

Cardano Ranks Fifth Fastest-Growing Blockchain for Real-World Assets in July

Cardano has emerged as one of the fastest-growing blockchains for real-world assets (RWAs), reinforcing its expanding role in the rapidly evolving tokenization sector.According to data shared by the RWA Foundation, citing Token Terminal, Cardano ranked as the fifth fastest-growing blockchain by RWA

XRP's Downtrend Mirrors 2017 Triangle Setup Before 66,000% Rally

XRP could be repeating the same price pattern that came before its massive rally in the 2017/2018 market cycle. Latest market data suggests the asset is again moving within a symmetrical triangle, similar to the structure that eventually led to a remarkable 66,000% gain and pushed XRP to $3.31 nine

Meta Acquires 1,000-Acre Site in Texas for $8.5M to Build 1 GW AI Data Center

Meta picked up roughly 1,039 acres of land in Northeast El Paso, Texas, for approximately $8.5 million. That’s about $8,156 per acre. The purpose: building a massive data center campus designed to scale up to 1 gigawatt of capacity, fueled by dedicated natural gas power generation.The project starte

Arthur Hayes Faces Class Action Over BitMEX Insider Trading Allegations

Arthur Hayes faces a proposed class action over allegations that BitMEX secretly traded against customers using confidential account data and manipulated liquidations.Plaintiffs claim the internal trading desk exploited private market data while exchange outages triggered widespread liquidations, ha

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