Latest Crypto News & Market Updates

Kospi Jumps 5% as Asian Chipmakers Rebound From AI Selloff

South Korea‘s Kospi surged over 5% to a high of 7,164 on Wednesday’s early trading, extending its rebound from an artificial intelligence stock selloff.Asian chipmakers led the gains for a second straight session.　　Japan‘s Nikkei 225 added near 2% to 67,524.22, also in early trading. The rally builds on Tuesday’s rebound across Asian markets.　　Samsung, SK Hynix Lead the Recovery　　The gains extend July 21s rebound, when the Kospi jumped 3.6% and the Nikkei rose 3% after a number of days trending downwards. Chipmakers are looking to pull the Kospi back from a bear market slide that AI valuation fears caused earlier this month.　　Samsung Electronics surged reversed its downward trend on Tuesday while SK Hynix, the memory chipmaker, gained also started gaining, recovering from its sharp sidecar plunge earlier this month.　　The Kospi has managed to stop the fall in its price seen over the last few days. Image Source: Trading View　　The Kospi is still down more than 20% over the past month, even after gaining over 50% year-to-date. Investors had locked in profits on AI bubble concerns.　　Wall Street Also Jumps at Semiconductors　　Wall Street added its own momentum on Tuesday. The Nasdaq 100 posted its best session in three weeks, and a key semiconductor

07-22Industry

Google Is Building an AI Chip Just for Gemini—And Investors Already Moved On It

In briefGoogle is reportedly developing a server chip called Frozen v2 that hardwires part of Geminis architecture into silicon.Based on reports, engineers project six to ten times the efficiency of current TPUs and a 2028 deployment target.Alphabet shares climbed roughly 3% during Mondays trading session after the news broke, ahead of Q2 2026 earnings due Wednesday, July 22.　　Google is building a chip designed for one job: running Gemini faster and cheaper.　　The chip, codenamed Frozen v2, was reported by The Information on Monday and gives Google a potential answer to a problem it cant spend its way out of fast enough: It is running out of capacity to serve the AI demand it has already generated.　　In March, Google told Meta it couldnt fill the volume of Gemini compute Meta wanted to purchase. Meta had to instruct employees to ration their AI usage. Google—spending up to $190 billion on AI infrastructure this year—was turning away customers because it didnt have enough servers to serve them.　　So now its building a chip designed only for its AI models.　　There‘s not much information about this new chip, but by naming convention it’s not another upgrade to Googles Tensor Processing Units (TPUs)—the custom chips Google has been

07-22Industry

The $1.2 billion options wall came down, and this time Bitcoin actually moved

For most of the month, traders had a pretty good explanation for Bitcoins refusal to budge. A dense cluster of options contracts, they argued, was holding the price in a cage between $60,000 and $65,000, with dealers buying dips and selling rallies to stay hedged.　　Fridays expiry cleared roughly $1.2 billion of that exposure, and the aftermath was supposed to settle the question. If the options were pinning Bitcoin near $63,000, price should start drifting once they vanished.　　And it did. Bitcoin was trading around $66,200 on Tuesday, up about 2.9% on the day and roughly 5% on the week, pressing against a $65,700 resistance-turned-support level it hasnt held all month. You could call this vindication: remove the wall of options suffocating price, and the market breathes.　　But the more accurate take is that the expiry was never doing the heavy lifting, and the fuel behind this weeks move actually came from somewhere else.　　The options wall came down, and the demand walked in　　About 19,000 Bitcoin options contracts settled on July 17 with a notional value near $1.2 billion, a put-call ratio of 0.9 and a maximum-pain level at $63,000. Ethereum added 123,000 contracts worth roughly $230 million, carrying a much heavier 1.61 put-call

07-22Industry

XRP Breaks Out on Clarity Act Hopes. The Charts Are Still Cautious

In briefXRP jumped 3.25% to $1.1485, ranking third among top-50 performers on the day, behind Ondo and Cardano.Reports that Trump agreed to the Clarity Acts stalled ethics provision sent Polymarkets odds of passage from 32% to 43%, fueling a broad crypto rally.XRP charts hint at more upside—but bearish signals remain that may make traders cautious.　　It was a good day to own some crypto.　　Reports emerged late Monday that President Donald Trump agreed to the ethics provision that had been holding the Clarity Act hostage in the Senate—a major sticking point in months of negotiations. Bitcoin climbed above $66,000 following the news, five-day spot ETF inflows surpassed $700 million, and a bounce in Asian AI and semiconductor stocks added to the risk-on tone that lifted nearly every digital asset.　　XRP caught the wave harder than most. As Decrypt reported five days ago, the Ripple-linked token had been lagging the broader market recovery—stuck below the $1.13 resistance that had capped every rally since late June. Today that ceiling cracked open.　　The price of XRP pushed to an intraday high of $1.1511, still hovering around a $68 billion market cap, triggering roughly $2.93 million in leveraged short liquidations, and settled at $1.1485—a 3.5% intra-day gain that

07-22Industry

XRP Ledger pushes v3.2.0 rollout as amendment deadline nears

XRP Ledgers v3.2.0 software has reached 66% validator adoption, with 99 validators now running the release as the network approaches a July 29 amendment activation.　　SummaryXRP Ledger v3.2.0 now runs on 66% of tracked validators and 57.33% of nodes.The fixCleanup3_2_0 amendment holds 85.71% support ahead of its July 29 activation.The update fixes vault, lending, and permissioned DEX issues while renaming rippled to xrpld.　　According to recent XRPL Explorer data, 481 nodes, or 57.33% of the tracked network, have installed v3.2.0. The figures show that the latest software has gained ground since its June rollout, although a sizeable share of operators remain on the previous release.　　Version 3.1.3 still runs on 42 validators, equal to 28% of the validator set covered by the tracker. Another 323 nodes, representing 38.41% of the 825 observed nodes, also continue to use the older software.　　Software adoption and amendment approval are separate processes on the XRP Ledger. Installing v3.2.0 gives operators access to the latest fixes, while an amendment requires support from at least 80% of trusted validators for two consecutive weeks before its rules can take effect.　　You might also like:　　Aztec v5 brings private smart contracts to Ethereum in alpha launch　　The fixCleanup3_2_0 amendment has already crossed that voting threshold.

07-22Industry

Jack Mallers leaves Twenty One as Strike tie-up ends and Bitcoin treasury pressure builds

Jack Mallers is stepping down as chief executive of Twenty One Capital to focus on Strike, while Twenty One and the Bitcoin payments company abandon a contemplated combination.　　Raphael Zagury, a Twenty One board member with experience in capital markets and Bitcoin infrastructure, will take over as CEO. The change puts him in charge of building cash-generating operations around one of the largest corporate Bitcoin treasuries as weaker prices and tighter financing test the wider sector.　　Mallers said he had decided to step down after the role clarified what he wanted to build. “My lifes work remains Bitcoin. My Bitcoin company is Strike. The work continues,” he wrote.　　Tether, Twenty Ones controlling shareholder, confirmed that Zagury would succeed Mallers and that the companies were working toward an orderly handover.　　The Strike combination is no longer on the table　　The split closes off a strategy Twenty One outlined less than three months ago.　　On April 29, the company announced an operating plan centered on possible acquisitions of Strike and Elektron, a Bitcoin mining and energy infrastructure business associated with Zagury.　　The plan was never a completed deal. Twenty Ones March-quarter filing, filed in May, said there were no binding commitments or agreements for either acquisition and that its

07-22Industry

Bitget taps Siebly to simplify crypto trading API development

Bitget has integrated Siebly.io software development kits covering two API systems and multiple trading products as the exchange seeks to reduce the work required to build crypto applications.　　SummaryBitget has added Siebly SDKs for its V3 Unified Account and V2 Classic APIs.Developers can build spot, futures, copy-trading and market-data applications with less integration work.The partnership supports Bitgets strategy of connecting crypto, tokenized equities and real U.S. stocks.　　According to Bitget, the developer platform now provides SDKs for its V3 Unified Trading Account API and V2 Classic API. The software gives JavaScript and TypeScript developers ready-made access to spot trading, futures, copy trading, live market data and private account functions.　　The integration is intended for teams building trading bots, automated strategies and market-data applications. Bitget explained that the SDKs remove the need to create every exchange connection from the beginning, a process that can consume development time and introduce technical errors.　　Developers can also use Bitgets WebSocket API through the toolkit. Unlike repeated HTTP requests, a WebSocket maintains an active connection between an application and the exchange, allowing market updates and responses to move with less network overhead.　　Security options include HMAC, RSA and Ed25519 authentication, according to the exchange. These methods let developers choose how

07-22Industry

London Stock Exchange's LSE 24 signals a bet on digital, AI-driven markets: TD Cowen

Quick TakeThe London Stock Exchange will launch LSE 24, a 24/5 overnight trading venue running 17:00 to 07:50 Monday through Friday, with client testing by the end of 2026 and exchange-traded products as the first asset class in the first half of 2027.TD Cowen argues the venue‘s real significance lies not in the extended hours but in its ties to LSEG’s forthcoming Digital Securities Depository and its emphasis on agent-based trading workflows.　　The London Stock Exchange will launch LSE 24, a new 24/5 trading venue built to support digital, algorithmic and agent-based trading, the exchange said Tuesday.　　The venue will run from 17:00 to 07:50 Monday through Friday, with a 30-minute pause each evening for end-of-day processing, operating separately from the exchanges Main Market, which keeps its existing 08:00 to 16:30 hours.　　LSE 24 will be available for client testing by the end of 2026, with exchange-traded products launching as the first asset class in the first half of 2027, subject to regulatory approval. The exchange intends to expand the venue into equities as a next step, drawing on central limit order book and request-for-quote functionality to support price transparency and on-demand liquidity.　　“The launch of LSE 24 marks an important step in the

07-21Industry

Bitcoin defies recent tech stocks sell-off: Are bulls eyeing $70K rally？

Key takeaways:Bitcoin futures and options show whales still prefer hedging downside risks as socio-economic risks mount.Rising Treasury yields and declines in AI stocks fuel risk aversion, yet BTCs strength signals continued decoupling.　　Bitcoin (BTC) showed relative strength over the past week, despite failing to break above $65,500. More importantly, the cryptocurrency has decoupled from traditional markets as investors took profits in memory-chip makers amid fears of excessive valuations in the artificial intelligence sector. Still, judging by Bitcoins derivative metrics, top traders are not particularly confident about a rally toward $70,000.　　Bitcoin perpetual futures annualized funding rate. Source: Laevitas　　The Bitcoin perpetual futures annualized funding rate stood at a neutral 8% mark on Monday, flat from one week prior. Excessive demand for bullish leverage drives the indicator above the 12% level, which last occurred on July 10. It is unclear if Bitcoin traders lack of optimism is somewhat related to contagion fears from the sell-off in tech stocks or the war in Iran.　　Nasdaq-100 futures (left) vs. Bitcoin/USD (right). Source: TradingView　　The tech-heavy Nasdaq-100 Index dropped below 28,800 on Friday for the first time in five weeks, while Bitcoin displayed strength over the weekend and eventually broke above $65,000 on Monday. Strategy announced a successful raise

07-21Industry

CoinShares debuts Bitcoin mining ETF in Europe entrance

CoinShares has launched its first UCITS exchange-traded fund (ETF) in Europe, which tracks publicly listed Bitcoin mining companies, giving European investors exposure to the sector through an Irish-domiciled fund listed on Deutsche Börse Xetra.　　The CoinShares Bitcoin Mining UCITS ETF began trading Tuesday under the ticker MINE. The physically replicated fund tracks the CoinShares Bitcoin Mining Index, a rules-based basket of listed Bitcoin miners administered by Solactive AG, the asset manager said in an announcement.　　The ETF was last trading at 19.50 euros ($21.74) per share. Deutsche Börse Xetra data showed 60 units traded for a turnover of 1,184 euros. The similar US-traded CoinShares Bitcoin Mining ETF (WGMI) has net assets of $343.6 million.　　CoinShares said the UCITS fund has a total expense ratio of 0.65% and rebalances quarterly.　　UCITS, or Undertakings for Collective Investment in Transferable Securities, is the EUs regulatory framework for investment funds. UCITS funds are widely used by European asset managers because they can be marketed across multiple jurisdictions under a harmonized regulatory regime.　　Related: Grayscale plans regular cash payouts from ETH, SOL staking rewards

07-21Industry

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