Bitcoin, ether whipsaw wipes out $286 million in leveraged bets
Price volatility around the Federal Reserve's rate decision cleared positions for roughly 90,000 traders, with unusually equal losses for bulls and bears.…
Ether, XRP flat as chip stocks steady on Samsung's 250-fold profit surge
Crypto's majors barely moved as Asia's semiconductor selloff eased. Most are still lower over the week, with HYPE down 8%. Source:CoinDesk
Chipotle lifts its sales forecast even as a lettuce-linked outbreak slows foot traffic
Mexican fastcasual chain acknowledged ‘softening’ traffic in the second half of July, but it’s taking a rosier view of its fullyear prospects.…
Qualcomm’s stock falls as memory woes weigh on earnings
The chip company came up short on its bottom line. Source:MarketWatch
Bitcoin price wedged into ‘most divided’ FOMC as Iran war spikes oil prices 8%
Bitcoin traders weathered an oilprice surge and ongoing Asia chipstock selloff into the Federal Reserve interestrate decision. Source:Cointelegraph
Ethereum Foundation names pcaversaccio to board amid leadership changes
pcaversaccio (known as "pc"), is a prominent security researcher in the Ethereum ecosystem. His addition brings the foundation's board to four members.…
BNY targets $8.6 trillion transfer agency market on blockchain rails
The world’s largest custodian will keep its existing system while adding a digital ownership record for tokenized funds. Source:CoinDesk
Bitcoin rises toward $64,000 as Korea's record chip crash leaves crypto untouched
SK Hynix fell 17% after profit rose 557% and still missed estimates. Bitcoin is up 1%, and the Fed decides rates today. Source:CoinDesk
Leveraged ETFs tied to SK Hynix are getting hammered as chip wreck deepens
Volatility around the AI trade has been rough this week for bullish bets on stocks via leveraged ETFs Source:MarketWatch
Bitcoin lows pierce $63K as Asia chip-stock crash spreads to Wall Street
Bitcoin and crypto dropped as contagion from a major Asia stockmarket correction spreads to the US at the Wall Street open. Source:Cointelegraph
Micron’s stock sinks toward worst monthly drop in 11 years as China fears escalate
Investors are worried about China’s domestic supply of chips and manufacturing tools, analysts noted. Source:MarketWatch
Perpetuals tied to SK Hynix hit by flash crash to $900 on Hyperliquid
Perpetual futures on the South Korean chipmaker's American depositary receipts plunged 20% in one minute before quickly rebounding above $1,000. Source:CoinDesk