Justin Sun Refutes Liquidation Speculations During Market Unrest
Justin Sun, the founder of Tron and Huobi (HTX), has rebutted allegations suggesting that leveraged futures positions at HTX were liquidated during the recent sharp downturn in the market, asserting…
Chinese Tech Giants Increase Samsung Chip Stockpile Ahead of US Restrictions
Chinese technology companies, including Huawei and Baidu, as well as various startups, are actively stockpiling high bandwidth memory (HBM) semiconductors from Samsung Electronics in anticipation of potential U.S. export restrictions,…
AutoFlight Secures Hundreds of Millions in Funding from Battery Giant CATL
Chinese battery giant CATL has invested hundreds of millions of dollars into AutoFlight, a developer of electric vertical take-off and landing (eVTOL) vehicles. This investment aligns with the rapid development…
Crypto Investment Products Lose $528M Due to Recession Concerns, Reports CoinShares
A new report by CoinShares highlights a troubling trend in the cryptocurrency market, with significant capital outflows recorded last week, pointing to growing investor anxiety. These outflows coincide with increasing…
Global Market Downturn Leads to Over $1 Billion in Crypto Liquidations
On August 5, the cryptocurrency market experienced a steep decline, contributing to significant financial losses for investors and traders. This downturn was largely influenced by the global economic slowdown and…
China Targets Tech Supremacy with Fudan University’s New Brain Chip Centre
China’s push for disruptive technology is gaining momentum with the establishment of a US$56 million research facility at Fudan University in Shanghai. The Neuromodulation and Brain-Computer Interface (BCI) Research Centre,…
Xpeng Affiliate Raises $150 Million to Launch Flying Car
AeroHT, the flying car affiliate of Chinese EV maker Xpeng, has secured $150 million in its latest financing round. The funding aims to accelerate the commercialisation of its $200,000 flying…
Australian Federal Police Investigate 2,000 Compromised Crypto Wallets
The Australian Federal Police (AFP) is currently investigating significant financial losses affecting at least 2,000 crypto wallets owned by Australians, following a widespread phishing scam operation. This probe, dubbed Operation…
China’s Honor Receives Strong State Backing Ahead of IPO
Chinese smartphone maker Honor is receiving significant support from local government backers as it prepares for an initial public offering (IPO). The former Huawei unit is benefiting from research-and-development funding,…
Bitcoin Falls Below $50K as Crypto Market Sees 17% Decline
Bitcoin’s price has recently dipped below the $50,000 mark for the first time since February, touching a low of $49,351 before showing signs of recovery toward the $51,000 level. This…
$500 Billion Vanished: Crypto Experiences Its Largest Three-Day Decline in a Year
The cryptocurrency market has just undergone its most drastic three-day sell-off in nearly a year, erasing approximately $510 billion in total market capitalization since August 2. This significant downturn in…
Samsung Strike Ends, Workers Return Without New Agreements
Thousands of unionized workers at Samsung Electronics in South Korea returned to work on August 5 after their strike failed to win concessions from the global tech giant. This marked…
Prosecutor Seeks Prison Sentence for Crypto.com User After $6.8M Erroneous Transfer
In a bizarre twist of fate, a Crypto.com user, after an accidental transfer of nearly $7 million, faces potential prison time. The incident, which has captured both legal and public…
Ethereum at Critical Support Level, Risk of Falling Below $2,800 Looms
Ether, the second-largest cryptocurrency by market capitalization, is currently perched precariously at a vital support level. Crypto traders are closely monitoring this situation, as a failure to maintain this support…
Hong Kong’s Largest Online Broker Launches Bitcoin and Ether Trading for 22 Million Users
Futu Securities International, Hong Kong’s largest online brokerage, has expanded its offerings by launching cryptocurrency trading for its 22 million customers. As of July 23, users based in Hong Kong…
Samsung Gains AI Market Share as SK Hynix Stumbles
Asian chip stock leadership is undergoing a significant shift. South Korean memory maker SK Hynix Inc is seeing its substantial gains for the year wane due to a global rotation…
South Korean Crypto Exchanges Face Unexpected Supervisory Fees
In a notable shift for South Korea‘s cryptocurrency industry, major cryptocurrency exchanges such as Upbit, Bithumb, and Coinone will now be subject to supervisory fees under the newly implemented Virtual…
Bybit Unveils Indian Digital Rupee CBDC Payment Option
Cryptocurrency exchange Bybit has announced the integration of digital rupee payments into its platform. This development marks the inclusion of the Indian central bank digital currency (CBDC), aimed at enhancing…
Apple Leverages AI for iPhone Upgrades as China Sales Lag
Apple reported better-than-expected third-quarter iPhone sales and forecast further gains, betting on artificial intelligence to attract buyers despite disappointing overall performance in China. Following the announcement, Apple’s shares rose nearly…
Uber’s New Deal with BYD to Bring Electric Cars to Europe and Latin America
Uber and BYD have announced a significant multi-year strategic partnership that will see 100,000 BYD electric vehicles added to Uber’s ride-hailing platform, starting in Europe and Latin America. The partnership,…