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07/30
Today
Thursday
08:06
According to Deep Tide TechFlow, on July 30, as reported by Jinshi Data, the Federal Reserve decided to maintain the federal funds rate target range at 3.5% to 3.75% unchanged with a vote of 9 to 3 on July 30 local time. Cleveland Fed President Hammack, Minneapolis Fed President Kashkari, and Dallas Fed President Logan voted in favor of a 25-basis-point rate hike, marking the first time since 2016 that three officials have cast dissenting votes on the same policy direction.Fed Chairman Walsh stated that inflation pressures cannot be quickly eliminated through simple means, and current financial conditions have tightened. Due to multiple factors such as inflation exceeding the target for five consecutive years, oil prices rising from the Iran conflict, and demand driven by AI infrastructure investment, hawkish pressure within the Fed continues to rise. The market widely interprets this speech as dovish, anticipating further delays in the rate hike timeline. After the meeting, the Dow Jones Industrial Average fell by over 1,100 points, and the 30-year U.S. Treasury yield rose to 5.228%, hitting a new high since 2007.
08:05
Deep Tide TechFlow News, July 30th, Samsung Electronics' operating profit for the second quarter was 89.4 trillion won, in line with the previous estimate of 89.4 trillion won; revenue for the second quarter was 171 trillion won, matching the previous estimate of 171 trillion won. Samsung Electronics' net profit for the second quarter was 71.3 trillion won, against a market estimate of 68.5 trillion won. The operating profit of Samsung Electronics' chip division for the second quarter was 89.2 trillion won. (Jin Shi)
08:04
PANews July 30 news, according to Gelonghui report, analysts described the Federal Reserve’s decision as a “hawkish hold.” Although a majority of members chose to keep interest rates unchanged, three committee members — Dallas Fed’s Logan, Cleveland Fed’s Hammack, and Minneapolis Fed’s Kashkari — voted to support a 25-basis-point rate hike. Barclays’ Mark Giannoni said: “The FOMC made a ‘hawkish hold’ decision.” “This policy decision was made in the face of significant hawkish resistance, with these hawkish members favoring an immediate rate hike rather than waiting for more data before deciding.” Previously, economists had broadly expected two dissenting votes, and Kashkari’s vote for a hike surprised some. Janus Henderson Investors analyst Daniel Siluk said: “The three dissenting votes in favor of a hike underscore that there is still a sizeable force within the committee that remains concerned about inflation.”
08:03
PANews July 30 news, according to Guolonghui reports, Steve Corrano, Chief Investment Officer at Integrated Partners in Waltham, Massachusetts, stated that the Fed’s decision to keep interest rates unchanged this time was in line with market expectations. The biggest change is that compared to the previous meeting, the dissenting votes supporting a rate hike have increased further, with more and more FOMC voters leaning toward raising rates. He believes Warsh’s remarks at the press conference will be key to gauging the future policy direction. However, it should be noted that Warsh is a typical supply‑side economist. If current inflation is mainly supported by rising energy prices, then raising rates can only suppress demand and cannot increase oil supply. Therefore, before core inflation data provides a clearer direction, the Fed’s baseline scenario will still be to wait and see and await more data. Corrano also pointed out that the five working groups previously established by Warsh will release preliminary research results in September and publish final reports in December. In the absence of major unexpected events, this timeline also provides more of a buffer for Warsh to keep rates unchanged in the short term, giving the Fed reason to wait for the relevant research results before deciding on the next policy action.
07/29
Yesterday
Wednesday
08:07
Deep Tide TechFlow News, July 29, according to Bitget market data, the South Korean KOSPI index opened up 1.2%, SK Hynix rose 2% after reporting a surge in second-quarter operating profit but missing expectations; Samsung Electronics rose 3%. The Nikkei 225 index opened 0.18% higher.
08:06
Deep Tide TechFlow news, July 29 – SK Hynix (SKHY.O) reported earnings on Wednesday, driven by tech giants increasing AI data center investments, which fueled strong demand for advanced memory chips. The company's second-quarter operating profit surged 557% to 60.5 trillion Korean won (approximately $41.62 billion), setting a record high, compared to 9.2 trillion Korean won in the same period last year. However, this figure fell short of market expectations of 64 trillion Korean won, mainly because the company has a higher proportion of high-end memory chips (HBM) than its competitors, which prevented it from fully benefiting from the strong price increase cycle of conventional memory chips. This has heightened concerns that the AI boom driving the semiconductor industry may be slowing down.SK Hynix also missed revenue expectations, with second-quarter revenue at 79 trillion Korean won, while the market had anticipated 84 trillion Korean won.Following the earnings report, SK Hynix fell 9% in US trading on Tuesday and dropped another 9% in after-hours trading, with SanDisk (SNDK.O) and Micron Technology (MU.O) also falling over 4%, erasing the boost from Seagate Technology's (STX.O) earnings.
08:05
PANews, July 29, According to The Block, the Robinhood Chain mainnet reached a TVL of approximately $325 million within less than a month of its launch, with no downtime reported during this period. Although TVL continued to grow over the past month, all throughput metrics peaked in the second week post-launch and have since declined. Last week, the chain's DEX had an average daily trading volume of about $553 million, down 27% month-over-month; the average daily active accounts were approximately 275,000, down 7% month-over-month. On-chain capital turnover plummeted from 9.25x in the second week of July to 1.68x last Friday, indicating that capital inflows have far outpaced trading activity, with recent deposits being more yield-driven than transaction-driven, likely stemming from the approximately 7% annual yield on USDG provided by Robinhood Earn. The trading volume per active account also fell from a peak of around $2,800 two weeks ago to about $2,000 last week. Previously, Robinhood CEO Vlad Tenev stated that the chain "is also well-suited for Meme coins," sparking a brief craze for Meme coins like CASHCAT, though prices of related tokens have since continued to decline. Robinhood is set to release its second-quarter financial report on Wednesday.
08:04
PANews, July 29 - According to Sina Finance, after OpenAI disclosed that its AI tool accidentally infiltrated another company's internal system, over 1,100 employees from leading AI enterprises signed an open letter, urging the U.S. government to support the establishment of a mechanism to deliberately control the pace of AI development when necessary, preventing excessively rapid technological progress. The organizers stated that the open letter has been signed by employees from nearly a dozen companies, including OpenAI, Anthropic PBC, Google, and Meta Platforms Inc. The letter urges the U.S. to support an international effort to set the pace for the development of more advanced AI systems when needed. The letter warns that the speed of AI development "indeed has the potential" to outpace humans' ability to "understand or control" it. Google said in a statement: "We are committed to developing AI in a safe and reliable way, letting this technology benefit society." This open letter echoes recent calls from several AI industry leaders. OpenAI CEO Sam Altman and Google DeepMind CEO Demis Hassabis, among others, have previously called for the establishment of new international oversight bodies to review frontier AI models and set standards.
07/28
Tuesday
08:05
Shenchao TechFlow news, July 28th, according to HTX market data, BTC has fallen below $64,000, currently at $63,999.99, with a 24-hour decline of 2.18%.
08:05
Deep Tide TechFlow news, on July 28, according to HTX market data, SOL broke below $75 and is now at $74.99, a 24-hour decrease of 2.34%.
