Crypto Industry News & Market Trends

Gold slides as US yields surge, keeping $4,100 out of reach

Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, according to the US Dollar Index (DXY). The XAU/USD trades at $4,045.　　XAU/USD drops as Treasury yields, Fed dissents and inflation risks pressure Bullion　　The yellow metal is poised to finish the week with losses of over 0.11%, unable to decisively crack the $4,100 milestone. At the same time, the DXY, which tracks the performance of the bucks value against six currencies, is down 0.05%, at 99.91, but failed to provide a tailwind for Gold prices as US Treasury yields are soaring.　　The US 10-year Treasury note is yielding 4.745%, up almost seven and a half basis points, as investors assess whether the Federal Reserve (Fed) will raise rates to tame inflation.　　On Thursday, US economic data showed that economic growth was softer than projected in Q2 2025, down from 2.1% in Q1 to 1.5% QoQ. The Feds preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index, came in at 3.3% YoY, down from 3.4%, a relief for the US central bank, which decided to keep rates

07-31Industry

What Christopher Nolan‘s ’The Odyssey Teaches Leaders About Great Storytelling

MUMBAI, INDIA – JULY 11: Christopher Nolan attends Universal Pictures ‘The Odyssey’ Premiere on July 11, 2026 in Mumbai, India. (Photo by Aalok Soni/Getty Images for Universal Pictures)　　Getty Images for Universal Pictures　　Christopher Nolan‘s latest cinematic masterpiece, ’The Odyssey,‘ continues to break movie records. It has become the fastest movie to reach 1 million views on Letterboxd and is Nolan’s biggest global opening ever, pulling in $264.1 million during its first weekend. Yet for many people, ‘The Odyssey’ was originally homework rather than a beloved tale. Nolan presented a nearly 2,700 year-old story and changed how audiences experienced it. Here‘s what ’The Odyssey can teach leaders about successful storytelling.　　Great Storytelling Carries Humanity And Empathy　　Homer‘s ’The Odyssey‘ is an ancient Greek epic poem detailing the ten-year journey of King Odysseus of Ithaca attempting to return home after the Trojan War. Originally an oral reading, the written style creates a steady, rhythmic flow best suited for memorization, but not known for immediately capturing a modern book reader’s attention. In Nolan‘s rendition, humanity and empathy is brought center stage to the story, instantly capturing and holding the audience’s interest.　　Odysseus‘ “long-suffering wife Penelope” from the original source material becomes an experience. Movie viewers witness Anne

07-31Industry

Novo Nordisk (NVO) Stock Tumbles 9% as ZEUS Trial Falls Short of Cardiovascular Goals

Key HighlightsNovo Nordisk shares declined more than 9% following disappointing ZEUS cardiovascular trial outcomes.The study demonstrated reduced inflammation markers but failed to decrease major heart-related events.The experimental drug ziltivekimab posted a 0.99 hazard ratio compared to placebo in phase 3 testing.Higher serious infection rates were observed in the treatment group, though total mortality remained comparable.Two ongoing trials, HERMES and ARTEMIS, are projected to deliver results in the first half of 2027.　　Shares of Novo Nordisk declined 9.18% to $46.85 following the announcement that its ZEUS cardiovascular trial did not achieve its primary endpoint of reducing major adverse cardiac events. The disappointing outcome raised questions about ziltivekimabs clinical potential, even though the drug demonstrated clear biological effects on inflammation markers associated with heart and kidney conditions. The company emphasized that this development will not impact its adjusted operating profit forecast for the full 2026 fiscal year.　　Novo Nordisk A/S, NVO　　ZEUS Study Falls Short of Primary Cardiovascular Endpoint　　Novo Nordisk enrolled more than 6,300 participants with established cardiovascular disease, chronic kidney disease, and elevated systemic inflammation in its phase 3 ZEUS investigation. The randomized, double-blind trial evaluated a monthly 15-milligram dose of ziltivekimab against a placebo control over an extended observation period. The primary composite

07-31Industry

EUR/USD Forecast: Chair Warsh ambiguity hits the US Dollar

The EUR/USD pair closes July with modest gains near the 1.1500 mark, adding over 1.1% in the last trading week. Price action throughout the month was dull to say the least as investors remained clueless, although the pair managed to hit 1.1530 ahead of the close. The lack of action was compounded by persistent uncertainty, centered on developments in the Middle East and the United States (US) Federal Reserves (Fed ) monetary policy path.　　Regarding the first, an escalation of the US-Iran war spurred US Dollar (USD) demand at the beginning of the week after continued tit-for-tat attacks around the Strait of Hormuz, which, by the way, is once again closed. Mood improved early in the week amid a pause in attacks and headlines suggesting a fresh round of negotiations.　　Renewed war headlines, however, were quickly overshadowed by the US Fed monetary policy announcement on Wednesday. The USD plunged after the central bank decided to leave the benchmark rate unchanged, with the split vote leaving it at a range of 3.50%-3.75%. Three regional bank presidents dissented, preferring an immediate 25-basis-point (bps) rate hike: Cleveland‘s Beth Hammack, Minneapolis’s Neel Kashkari, and Dallass Lorie Logan.　　Chairman Kevin Warsh chickens out　　The USD collapsed following the Feds

07-31Industry

Japanese Giant SBI Weighs In on XRP Price

Japanese financial giant SBI Holdings says its stake in Ripple remains worth roughly 6.6 trillion yen (about $45 billion) despite a recent slowdown in XRP‘s price, underscoring the company’s continued confidence in the blockchain firm as regulatory clarity begins to take shape.　　Speaking during SBI‘s first-quarter earnings presentation, Director Yasuo Nishikawa, who was replacing CEO Yoshitaka Kitao for the presentation, said XRP’s recent weakness appeared to coincide with uncertainty surrounding the U.S. CLARITY Act, the much-talked-about legislation that has so far failed to pass.　　“As if waiting to see the outcome of the CLARITY Act, XRPs price has been sluggish. Even so, the value of our holdings in Ripple alone stands at 6.6 trillion yen.”　　Can XRP Overcome Pressure？ Zcash (ZEC) Might Bounce to $500, Did Hyperliquid (HYPE) Lose Its Importance？ Crypto Market Review　　Crypto Is for Crooks, Dem Senator Says　　The comments came as SBI reported record first-quarter earnings across every level of profitability, with quarterly profit attributable to shareholders reaching 148.1 billion yen. This figure is nearly 2.5 times higher than a year earlier.　　The companys private equity business, which includes its investment in Ripple, was one of the strongest-performing segments during the quarter. SBI said profit from the division surged 328% year-over-year to

07-31Industry

Veteran Macro Investor Says AIs Easy Money Is Over and Bitcoin Is Next

Veteran macro investor Jordi Visser says the easy money in artificial intelligence (AI) is gone. He thinks Bitcoin (BTC) is where the next big gains turn up.　　New company filings help explain why. The biggest AI spenders are now burning cash faster than they bring it in.　　Big Tech Is Burning Cash to Build AI　　Google spent more cash last quarter than it collected. That has never happened since the company listed in 2004.　　Sponsored　　Sponsored　　The measure that matters here is free cash flow. It is simply the money left over after a company pays for the data centers it is building.　　All three of the biggest AI spenders saw that cushion shrink.CompanyCash left over, April to JuneSame quarter last yearMicrosoft$19.6 billion$25.6 billionMeta$784 million$8.5 billionAlphabetNegative $5.9 billionPositive $5.3 billion　　Metas drop is the eye-catching one. A year ago it kept $8.5 billion. This time it kept $784 million.　　Its own release shows why. Sales rose 28%. Costs rose 55%. Meta then borrowed $24.91 billion to keep building. It spent $31.08 billion on new capacity in three months.　　One fair caveat. Some of those costs were legal bills and layoff payments, not AI. Together they came to $3.58 billion.　　Microsoft looks the healthiest of the three. Its filing shows sales up

07-31Industry

Telegram Founder Pavel Durov Finally Breaks Silence on Russia Charges

Telegram founder Pavel Durov has answered Russias terrorism charges, accusing Moscow of punishing him for rejecting state demands for mass surveillance and censorship on the messaging app.　　Rosfinmonitoring, Russias financial monitoring service, added Durov to its registry of terrorists and extremists on Thursday. The listing arrived one day after the Federal Security Service (FSB) opened a criminal case against him.　　Durov Answers Moscow With a Meme　　Durov did not rebut the allegations point by point. He posted a short statement to his Telegram channel, then followed it with a two-panel image.　　Sponsored　　Sponsored　　“Russia has designated me as a ”terrorist“ for refusing its demands for mass surveillance and censorship on Telegram. Under Russian law, Im banned from ”publishing information on the Internet“. Russian officials have clearly got confused about who can ban whom from the Internet,” Durov wrote.　　Follow us on X to get the latest news as it happens　　The image placed his own photo, captioned terrorist, beside Taliban representatives greeting Russian Foreign Minister Sergey Lavrov, captioned respected partners. Russias Supreme Court removed the Taliban from that same registry in April 2025.　　What the Designation Actually Changes　　Russian banks must freeze the personal assets of anyone on the Rosfinmonitoring list and cut off financial services. That obligation covers Durov

07-31Industry

The Web‘s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans

The story being told about x402 right now is that it ends the subscription era and finally makes fractional-cent payments work for everyone. I want to push back on that, not because x402 is unimportant, but because the framing repeats a thirty-year-old mistake. 　　Micropayments have been predicted, launched, and buried repeatedly since the mid-1990s. They did not fail on technology. They failed on human psychology.　　What is genuinely new about x402 is not the rail underneath it. It is that the party making the payment decision is no longer a person.　　Sponsored　　Sponsored　　The Thirty-Year Graveyard　　Digital Equipment Corporation built Millicent in the mid-1990s, a script-based system explicitly designed to support payments as small as one tenth of a cent. CyberCash and its CyberCoin product handled small online payments before the companys assets were sold to VeriSign in 2001.　　Beenz and Flooz, the two best-funded consumer digital currencies of the dot-com era, both collapsed in August 2001 within days of each other. Flooz went bankrupt after unknowingly selling around $300,000 of currency to a Russian and Filipino organised crime ring using stolen cards. These were not engineering failures.　　Later attempts kept the pattern going with better technology. Brave‘s Basic Attention Token, launched in 2017, tried to reward

07-31Industry

India‘s Central Bank Sold $7 Billion in a Day to Stop the Rupee’s Slide

The Reserve Bank of India (RBI) sold about $7 billion last Friday to defend the rupee, Bloomberg reported, citing people familiar with the matter.　　The rupee traded at 95.6 per dollar on Thursday, about 1.4% from its record low. The currency has fallen 5.87% against the dollar in 2026.　　Indian Rupees Performance Against the US Dollar in 2026. Source: Google Finance　　Sponsored　　Sponsored　　Inside the Largest RBI Rupee Intervention in Months　　According to the report, the latest move ranked among the central banks largest direct interventions in months. The central bank intervened in both onshore and offshore markets. This came as currency was sliding close to its May record low of 96.96 per dollar.　　Two senior bankers put Fridays dollar sales at $8 billion to $9 billion, Reuters reported. Follow-up sales on Monday and Tuesday then lifted the rupee past 96 per dollar.　　Meanwhile, Indias foreign exchange reserves stood at $676.2 billion as of July 17, up more than $9 billion in three weeks.　　Follow us on X to get the latest news as it happens　　Fridays Move Follows 3 Months of Heavy Dollar Sales　　The latest intervention extends a months-long pattern. RBI data shows the central bank sold a net $9.76 billion in March, $8.94 billion in April, and $6.1

07-30Industry

OFAC Targets Irans Crypto-Funded Toll Scheme in Strait of Hormuz

The US Treasurys Office of Foreign Assets Control (OFAC) sanctioned two firms accused of supporting an IRGC-backed scheme that allegedly extorted commercial vessels transiting the Strait of Hormuz by requiring them to purchase maritime insurance.　　Wednesdays designations hit the Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority, known as Hormuz Safe. Treasury says the policies extract revenue while covering risks that Iran itself creates.　　Sponsored　　Sponsored　　Follow us on X to get the latest news as it happens　　How Irans Hormuz Insurance Scheme Drew US Sanctions　　The IRGC reportedly began collecting transit fees from tankers passing through the Strait of Hormuz in April, with charges starting at approximately $1 per barrel.　　The Treasury said the insurance scheme was created to offset revenue lost following Operation Epic Fury. Treasury Secretary Scott Bessent linked the initiative to Irans worsening economic conditions.　　“With its economy in freefall and inflation in the triple digits, the regime is desperate for cash,” he said.　　According to the department, Iran established the “illegitimate schemes” through the Persian Gulf Marine Insurance Company (PGMIC) and HormuzSafe Marine Services Authority.　　It said Irans Ministry of Economy developed HormuzSafe. It offers insurance, traffic control, security, and emergency response services to vessels transiting the strait.　　Sponsored　　Sponsored　　The firm accepts payments in Bitcoin

07-30Industry

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