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07-24

SK Hynix Chairman Ordered to Pay $640M in High-Profile Divorce Case

A South Korean appellate court has ruled that SK Group Chairman Chey Tae-won must pay his former wife, Roh Soh-yeong, approximately 944 billion won, roughly $640 million, as part of their divorce settlement. The ruling, handed down on July 24, brings a degree of closure to a legal saga that has capt

Movement Labs Files for Bankruptcy Amid MOVE Token Scandal

Key InsightsMovement Labs filed for bankruptcy in Delaware, with its co-founder being the leading creditor.The project has been under significant scrutiny over the past year after a scandal over its MOVE token.However, the splinter firm Move Industries has said it is not affected by the filing.MVMT

India Orders Takedown of Jack Dorsey's Bitchat App

India just told GitHub to pull the plug on Bitchat, Jack Dorsey’s decentralized messaging app built on Bitcoin-inspired principles. The Indian Cyber Crime Coordination Centre, known as I4C and housed under the Ministry of Home Affairs, issued the takedown order on July 23, giving GitHub a three-hour

Corporate Bitcoin Holdings Face Debt Maturity Risks, Could Trigger Market Sales

The convertible notes, preferred shares, and credit facilities that financed a large share of corporate Bitcoin holdings carry maturities, redemption windows, and dividend dates that determine when a company might need to sell.Matthew Sigel, VanEck's head of digital assets research, shared a list of

US tech giants' free cash flow crisis boosts memory chip stocks

Following the release of their latest earnings reports, the U.S. stock market began to show significant divergence last night.On one side, tech blue-chips represented by the "Magnificent Seven" of U.S. stocks suffered a collective collapse. Tesla plunged more than 14%, Google fell over 7%, Amazon dr

EU Preliminary Findings: TikTok Violated Minors' Privacy Rules Under DSA

The European Union issued preliminary findings on July 24 that TikTok has violated rules designed to protect the privacy of minors, a determination that could trigger yet another substantial financial penalty against the ByteDance-owned platform. The case falls under the Digital Services Act, the EU

SpaceX Stock Falls Amid Launch Delays and Short-Selling Pressure

SpaceX Shares RetreatSpaceX shares moved lower in pre-market trading on Friday as investors reacted to heightened short-selling activity, delays to the company’s latest Starship mission and new developments surrounding its major shareholders. Space Exploration Technologies Corp. stock closed Thursda

BTC Breaks $62,034, Triggering $1.555B in Long Liquidations on Major CEXs

According to ChainCatcher, data from Coinglass shows that if BTC falls below $62,034, the total liquidation value of long positions on major CEXs will reach $1.555 billion. Conversely, if BTC breaks above $68,175, the total liquidation value of short positions on major CEXs will reach $1.327 billion

DEXE Drops 25.14% in 24H Despite High Trading Volume

The popularity ranking shows HYPE at the top, with DEXE experiencing the largest decline. The popularity ranking is as follows: ① HYPE ($58.55, -1.16%) ② BANK ($0.2883, 16.58%) ③ DEXE ($2.62, -25.14%) ④ ETH ($1882.62, -2.42%) ⑤ ZAMA ($0.05431, 6.89%) DEXE shows weak selling pressure fro

Strategy's Bitcoin Holdings Report $8.8 Billion Unrealized Loss

ChainThink reports that, as of July 24, market data shows Bitcoin trading at $65,010, with Strategy's Bitcoin holdings currently showing an unrealized loss of 13.9%, equivalent to approximately $8.8 billion.As of July 20, Strategy holds 843,775 bitcoins with a total cost of $63.7 billion, at an aver

KuCoin to Migrate Sophon (SOPH) Tokens to Ethereum Network

In accordance with Announcement, KuCoin will support the migration of Sophon (SOPH) tokens from the Sophon Chain to the Ethereum (ERC20) network. The migration will be automatic for SOPH holders on the platform. Deposit and withdrawal services for SOPH on the Sophon Chain will be suspended at 08:00

Ant Group's new model activates 5.1 billion parameters and outperforms its 1-trillion-parameter flagship in 11 tests.

ME News reports that on July 24 (UTC+8), according to monitoring by Beating, Inclusion AI has released Ling-3.0-flash. The model contains 124 billion parameters, with only 5.1 billion activated. According to official comparisons, it outperforms Ling-2.6-1T in 11 out of 12 benchmarks, using just abou

AMD Announces the Helios AI Platform and Forecasts 60% of AI Compute for Inference by 2026

At the Advancing AI 2026 conference, AMD unveiled the Helios rack-scale AI platform, the sixth-generation EPYC Venice server CPU, the Instinct MI430X and MI350P, marking AMD’s entry into the AI factory competition with a complete system comprising GPUs, CPUs, networking, and software. Lisa Su antici

MetaDAO's Ownership Coins and the 'Seed Round IPO' Model Could Drive Crypto's Comeback

The article explores how MetaDAO’s Ownership Coins, through a “Seed Round IPO” model, could become a key pathway for crypto’s resurgence. The author argues that AI has lowered barriers to entrepreneurship, while Ownership Coins provide founders with a new distribution tool: tokens. Traditional equit

China's Retail Sales Decelerate in July Amid Economic Slowdown

China’s consumer engine is sputtering. After posting its first year-on-year retail sales decline since December 2022, the world’s second-largest economy is flashing warning signs that matter well beyond Beijing’s borders, particularly for anyone holding risk assets.The National Bureau of Statistics

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