Bitcoin Slips Below $62,000 Amid Sharp 24-Hour Decline
Bitcoin’s price dropped over 3% in a single day, breaking below the key $62,000 mark and raising questions about its short-term trajectory amid volatile trading.
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Crypto & Fintech
Trade & Tariffs
Monopoly Maker Faces High Costs and Delays to Produce U.S.-Made Edition
WS Game Company launched a special Monopoly edition made in the U.S. after tariffs forced them to shift production, but domestic manufacturing posed significant challenges.
Markets & Macro
Fed May Consider Rate Hike if Inflation Remains Elevated, Warns Waller
Federal Reserve Governor Christopher Waller signaled that persistent inflation could prompt interest rate increases, emphasizing careful monitoring of upcoming economic data.
Big Tech
Altman Challenges Musk’s Ambitious Plan for Space-Based Data Centers
Sam Altman criticized Elon Musk's proposal to deploy up to one million satellites as orbital data centers, highlighting unresolved technical challenges that question the project’s feasibility.
Corporate Power
Compulsion Games Pursues New Partnerships After Xbox Divestment and Layoffs
Following its separation from Xbox amid corporate layoffs, Compulsion Games announces plans to operate independently and seek collaborations within the gaming and entertainment sectors.
Crypto & Fintech
Crypto Market Focuses on US Inflation Data as Fed Signals Possible Rate Hike
The crypto market braces for key US inflation reports with Federal Reserve Governor Waller indicating a potential rate increase if inflation remains elevated.
Crypto & Fintech
AI and DeFi Tokens Dominate New Listings on Huobi HTX with One Asset Nearly Doubling
During the week of July 6–12, Huobi HTX saw a surge of new assets focused on AI and DeFi, with one token soaring close to 100% shortly after its launch.
Defense & Security
Oil Prices Surge Amid Renewed US-Iran Strikes as Wall Street Shows Mixed Trading
Oil prices rose sharply following fresh US airstrikes and Iranian retaliation, while Wall Street’s early session reflected mixed investor reactions amid geopolitical tensions.
Energy & Climate
White House to Unite Utilities and Data Centers in Voluntary AI Power Cost Agreement
The White House is organizing a coalition of power utilities and data center operators to voluntarily ensure AI-related electricity demand growth does not increase costs for consumers.
Defense & Security
Trump Reinstates Blockade in Strait of Hormuz, Imposes 20% Cargo Fee Amid Rising U.S.-Iran Tensions
The U.S. announces renewed blockade on Iranian vessels in the Strait of Hormuz and levies a 20% fee on cargo for security, raising regional tensions and impacting global markets.