🇨🇳 China Ramps Up Push in Semiconductor Sector

China is speeding up its drive to strengthen the domestic chip industry. CXMT, the country's largest memory manufacturer, is gearing up for a record-breaking IPO. Meanwhile, firms tied to Huawei are moving into full-scale production of indigenous chip-making equipment.

This surge in self-reliance has triggered a ripple effect: shares of major global semiconductor players are taking a hit, and U.S. stock market valuations have erased roughly $600 billion in market cap in a matter of days.

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El Salvador's Bitcoin Strategy to Face Crucial 2027 Election Test Amid Ongoing BTC Purchases

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Joe Biden’s son has accused Trump of transforming crypto support into a family enterprise, claiming it’s tarnishing the entire industry.

He pointed to the TRUMP meme coin, which plummeted from $75 to $1.36, alongside other cryptocurrency ventures tied to presidential families.

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Saudi Aramco has shut down its 400,000-barrel-per-day Jazan oil refinery following a Houthi attack.

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⚡️ BREAKING: $MSTR is now live on Solana via Sunrise, issued by Backpack Securities.

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📣 The Legend of Kimchi Trader’s Trump Meme Score

In the crypto world, Trump isn’t exactly popular—except to Kimchi.

The Korean trader turned headlines by going long on the TRUMP meme token within seconds of its launch, then cashing out at the peak of the frenzy—locking in roughly $40 million.

At one point, the coin briefly ballooned to an $80 billion FDV, sending shockwaves across the market.

After that explosive move, Kimchi disappeared from the spotlight. No rants, no drama—just silence. Returns to X only a few times a year, always with cryptic, wordless images.

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🫶 Ondo Finance Shifts From L1 to Private Network

Ondo Finance has abandoned development of its original L1 blockchain, Ondo Chain, and instead launched the Ondo Network—a private, institution-focused trading infrastructure.

On the Ondo Network, trades happen privately while settlements settle on public blockchains, combining speed and confidentiality with the security of decentralized ledgers. Its first offering is Ondo Perps, a permissioned perpetuals trading platform.

Future rollouts will include spot trading, lending, and other institutional-grade financial services.

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Emirates now enables Crypto.com Pay for flight bookings in the UAE.

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Andrew Tate thanked the supporters holding up signs outside the prison, saying they were tough to read—but he felt the weight of every word.

Meanwhile, X pointed out that only one person showed up with a sign today.

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These crypto projects have raised $7.5 billion in funding—yet generated just $1,306 in the last 24 hours. That’s a return so small it would take more than 15,000 years to break even.

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In one of the most closely split decisions in years, the Federal Reserve holds interest rates steady.

This marks the fifth straight meeting without a rate change, prolonging the Fed’s longest pause since the 2008 cycle.

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The Federal Reserve held its key interest rate at 3.75%, aligning with forecasts and maintaining the prior level.

Inflation continues to run above the 2% target, weighing on economic momentum. The decision was approved by a 9-3 majority, with dissenters Beth Hammack, Neel Kashkari, and Lori Logan voting for a 0.25% increase.

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$400 billion poured into the U.S. stock market in just three minutes — moments after the Federal Reserve announced a rate pause.

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💸 Trader Turns $16K into Over $1.2M on Meme Coin

An anonymous trader invested 8.39 ETH (around $16,000) to buy 293.75 million PIPEDOK tokens, according to Lookonchain. They later sold part of their holdings for profit, while the remaining tokens once surged past $1.18 million in value.

The trade ultimately netted over $1.2 million — nearly a 77x return. However, the value of the unsold portion later dipped below $900,000.

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US economy expands 1.5% in Q2 2026, missing forecasts.

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Satoshi Nakamoto wrote a now-iconic line on the BitcoinTalk forum exactly 16 years ago: "If you don't believe me or don't get it, I don't have time to try to convince you. Sorry."

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⚡️ JUST IN: Trust Wallet overtakes MetaMask and Phantom in 24-hour Hyperliquid Builder Code revenue.

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Trump made more money in two years during his second term than in the prior six decades—despite not taking a presidential salary.

His biggest earnings came from crypto ventures, personal merchandise, Trump Media, and licensing his name.

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$750 billion just hit the US stock market at opening bell.

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Japan’s biggest Ethereum holder offloads 1,000 ETH to finance expansion of its AI-powered data center.

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