Today's Crypto and Bitcoin News
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07-24
South Korea to Increase Cash Deposit Requirement for Leveraged ETFs to 30 Million KRW Effective July 31
Odaily Planet Daily reports: The Korea Financial Services Commission has announced that South Korea will advance the implementation of stricter deposit requirements for retail investors trading single-stock leveraged ETFs to July 31, earlier than the originally scheduled August date. The required de
Corgi to Launch 300 to 500 ETFs in One Year, Says Eric Balchunas
Odaily Planet Daily reports: Bloomberg ETF analyst Eric Balchunas posted on X that Corgi is launching 300 to 500 ETFs within a year, similar to someone walking up to a roulette table and placing bets on every number. One of them will likely achieve significant success, but many will also drag down p
USTR Imposes 10-12.5% Tariffs on 60 Economies, Effective July 24
According to an announcement from the Office of the United States Trade Representative (USTR), pursuant to Section 301 of the Trade Act of 1974, tariffs of 10% to 12.5% will be imposed on 60 economies. The new tariffs take effect at 12:00 PM (UTC+8) on July 24. Tariffs on goods in transit will take
07-23
U.S. tariff increase and rising tensions with Iran push oil prices higher, while tech stocks drag down U.S. indices.
Huo Xing Finance reports: On Friday, July 24, at 12:01 p.m. Eastern Time (12:00 p.m. Beijing Time), the United States will implement a new import tariff arrangement with rates ranging from 10% to 12.5%, applicable to approximately 60 economies. Additionally, Trump stated that he is “seriously consid
Pons V2 Adds RWA Trading Pairs as Robinhood Chain Surpasses $300M TVL
Pons, a launchpad built on Robinhood Chain, has rolled out its V2 upgrade with changes aimed at improving liquidity, removing trading restrictions, and supporting tokenized real-world assets [RWAs].The update comes as Robinhood Chain continues growing rapidly, surpassing $300 million in total value
São Paulo sues World and Amazon AWS for $47 million in biometric data collection case
Odaily Planet Daily reports that on Monday, the São Paulo Office of Consumer Protection filed a lawsuit against Tools for Humanity, the company behind World, and its hosting provider Amazon AWS, accusing them of abusive practices in their biometric data collection campaign in São Paulo.
The lawsuit
São Paulo Sues World and Amazon AWS for $47M Over Biometric Data Collection
The Consumer Prosecutor’s Office of Sao Paolo stressed that World focused on attracting people in situations of economic vulnerability and maintained this practice even after the National Data Protection Authority (ANPD) ordered the suspension of offering crypto rewards for biometric data.Key Takeaw
NVIDIA's 800V HVDC Architecture to Begin Production in Q1 2027, Says DigiTimes
ME News reports that on July 24 (UTC+8), DigiTimes released a report stating that NVIDIA’s mass production progress for its 800V HVDC high-voltage direct current power architecture targeting next-generation AI data centers has not been altered. Previous market concerns that large-scale adoption migh
U.S. Imposes 10%-12.5% Tariffs on 60 Economies; OPEC+ May Increase Output by 188,000 Bpd
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Gemini donates $10 million in Bitcoin to MAGA Inc., which supports Trump.
Odaily Planet Daily report: Cryptocurrency exchange Gemini donated approximately $10 million worth of Bitcoin to MAGA Inc., a super PAC supporting U.S. President Donald Trump. According to filings with the U.S. Federal Election Commission (FEC), Gemini co-founders Cameron Winklevoss and Tyler Winkle
AMD Launches Rack-Scale AI System Helios, Begins Production
ME AI news: The AMD Advancing AI conference took place in San Francisco on July 22–23. At the event, AMD CEO Lisa Su announced that Helios has entered full-scale production and will begin shipping soon. OpenAI’s infrastructure lead stated that large-scale deployment of AMD Helios is expected. OpenAI
The U.S. Imposes 10%-12.5% Tariffs on 60 Economies
Odaily Planet Daily report: On the 23rd local time, the U.S. Trade Representative (USTR) announced, pursuant to Section 301 of the Trade Act of 1974, the imposition of additional tariffs ranging from 10% to 12.5% on dozens of countries and regions under the pretext of “forced labor,” replacing the i
Stripe in talks to acquire AI startup OpenRouter at a $10 billion valuation
Odaily Planet Daily reports, according to sources familiar with the matter, Stripe is in talks to acquire OpenRouter. OpenRouter is a popular startup focused on helping developers choose among various AI models. The sources indicated that the deal could be announced soon, but there is also a possibi
Intel's Q2 revenue exceeds expectations, stock rises 13% after earnings
ME AI message: Intel (INTC.O) released an unexpectedly strong revenue forecast, indicating that a surge in data center spending is helping the chipmaker achieve its long-awaited recovery. The company expects third-quarter sales to reach $15.8 billion to $16.8 billion—even the lower end of this range
Indonesia's New Crypto Rules End Influencer Era with $30K Bill
A recent report by Forbes details how a $30,000 bill has marked the end of an era for crypto influencers, who were once pivotal in promoting digital assets. This development comes amid increasing regulatory scrutiny globally, with Indonesia leading the charge through new regulations requiring influe
