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Ruble-Pegged Stablecoin A7A5 Trading Volume Plunges 96% Since July 2025 Amid Sanctions
According to Elliptic, on July 29, daily average trading volume for the ruble-pegged stablecoin A7A5 has plummeted approximately 96% since its July 2025 peak, as U.S., U.K., and EU sanctions have frozen USDT with A7A5 traces on compliant exchanges and prompted Uniswap to delist the token. The stablecoin has ceased new issuance since July 2025. The situation intensified after the primary trading platform Grinex reported a hacking incident in April 2026, resulting in significant fund theft and eff
UNI6.54%
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Value Investing Gains Traction as AI Investment Concerns Rise; Spanish Fund Manager in Focus
According to Bloomberg on July 29, value investing focused on undervalued assets held long-term is gaining attention as investors express concerns over the sustainability of AI investments. Bloomberg highlighted Francisco García Parameés, a 62-year-old value investment fund manager known as the "Warren Buffett of Spain," who has maintained a roughly 40-year investment track record.
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Trader Deposits 3,128 ETH to Coinbase Today After -40% Loss Over 6 Months
According to Lookonchain monitoring, a trader deposited all 3,128 ETH to Coinbase today to sell at a loss. The trader had purchased the ETH six months ago and now faces unrealized losses exceeding $3.87 million, representing a -40% decline from the initial purchase price.
ETH2.11%
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South Korea's KOSPI Plunges 28.94% in July, Worst Monthly Loss Since 1990
According to Herald Economy, South Korea's KOSPI index fell 28.94% in July, sliding from 8,476.48 to 6,023.66 by July 28, marking the worst monthly performance since 1990—exceeding declines during the 1997 Asian financial crisis and 2008 global financial crisis. The benchmark's market capitalization eroded by 24.56 trillion Korean won (32.97%), with foreign investors net-selling 17.91 trillion won this month, primarily targeting semiconductor stocks. Samsung Electronics and SK Hynix collectively
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South Korea Launches AI Data Center Coalition via Public-Private Partnership
According to Yonhapnews, South Korea's government and industry have established an AI Data Center (AIDC) coalition, aiming to develop AI data centers into a next-generation export industry through public-private collaboration.
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Morgan Stanley's Chief U.S. Strategist Targets S&P 500 at 8,000 by Year-End, Says Selloff Nearing End
According to Morgan Stanley's Mike Wilson, who spoke with CNBC on July 27, the recent selloff in tech stocks—where earnings beat but share prices decline—reflects market repricing after AI growth expectations were priced in early. Wilson noted that cloud, semiconductor, and memory sectors have adjusted substantially and the current market correction may be approaching its end. Morgan Stanley maintains its year-end target of 8,000 for the S&P 500, though near-term volatility is likely amid Federa
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Coursera Invests $100 Million in Andrew Ng's LearnVector AI Tutoring Startup
According to Beating, Coursera invested $100 million in LearnVector, an AI education company founded by Andrew Ng, acquiring approximately one-third of the company today, July 29. LearnVector is developing an AI tutoring system that personalizes learning based on individual progress and plans to launch its first product in early 2027. Coursera will provide course content and global user access to support the platform, which targets working professionals and adult learners.
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Zijin Mining Terminates CAD 5.5B Endeavour Mining Acquisition, Subscribes to 9.2% Stake for CAD 416.6M Instead
According to Jinshi Data, Zijin Mining's subsidiary Zijin Gold International today (July 29) terminated its previously announced acquisition of Endeavour Mining for CAD 55 billion (USD 4 billion) at CAD 44 per share, citing inability to meet transaction closing conditions. Instead, the two parties signed a share subscription agreement under which Zijin will acquire 12.8 million ordinary shares (9.2% stake) at CAD 32.55 per share for a total of CAD 416.6 million (USD 295 million). No termination
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USD/KRW Recovers to 1,451.50 Won During London Hours, Down 11 Won from Prior Close
According to Yonhapinfomax, the USD/KRW exchange rate recovered to 1,451.50 won during London trading hours on July 29, down 11 won from the previous Seoul close of 1,462.50 won. Earlier in the day, the pair had fallen to 1,442.60 won, the lowest level since February 27, driven by SK Hynix ADR conversion sales and month-end export company negotiation volumes. Low-price buying interest in the London session helped pare losses. Concurrently, the dollar index weakened in Asia, adding downward press
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Iran Denies Ongoing Communication With U.S. Through Various Channels
According to Iran's Mehr News Agency, on July 29, Iran denied claims of continuous information exchange and communication with the United States through different channels, dismissing such reports as false.
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Microsoft, Meta, Qualcomm Report Earnings Tonight; Focus on AI Spending and Cash Flow Returns
According to BlockBeats, Microsoft, Meta, and Qualcomm will report earnings after the U.S. market closes on July 29, with investors scrutinizing capital expenditure guidance amid concerns about AI investment returns. Microsoft is expected to post revenue of $87.6 billion and earnings per share of $4.24, with Wall Street focused on Azure growth rate, Copilot commercialization progress, and potential capital expenditure guidance for fiscal 2027. Meta faces pressure over AI spending, with projected
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London Population Falls by 27,000 in Mid-2025, First Decline Since 1980s
According to UK Office for National Statistics data cited by Jin10, London's population decreased by approximately 27,000 to about 9.1 million in mid-2025, marking the first decline since the 1980s outside of the pandemic period. The decline reflects rising housing and living costs pushing residents to relocate to other regions of the UK, with London being the only area in England to experience population loss last year.
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Marvell Invests $250M in India Over 3 Years, Plans to Double Workforce
Marvell Technology announced on Wednesday, July 29 that it will invest $250 million in India over the next three years to expand research and development, talent acquisition, and infrastructure while doubling its workforce in the country. The chipmaker, which designs semiconductors for data centers, networking, and storage, aims to strengthen capabilities in artificial intelligence, cloud computing, and data infrastructure. Marvell will expand its Bangalore office and scale its Hyderabad operati
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UMC Posts Record Q2 EPS of 3.39 TWD on Strong Business Recovery and 30.2B TWD Investment Gains
According to its Q2 earnings report released today (July 29), UMC posted record net income per share of 3.39 TWD, up 316.2% year-over-year. Q2 net profit reached 42.26 billion TWD, a 161.3% sequential gain, bolstered by strong core business recovery and investment income of approximately 30.2 billion TWD. Q2 revenue totaled 68.73 billion TWD, up 12.6% sequentially and 17% year-over-year, with gross margin expanding to 32.5% and operating margin reaching 21.8%. For the first half of 2026, UMC rep
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Celestica Q2 Revenue Hits $4.7B, Up 62% YoY; Full-Year Guidance Raised to $20.5B
According to UAnalyze (Youanalyze), Celestica reported second-quarter 2026 revenue of $4.7 billion, a 62% increase year-over-year, with adjusted EPS rising to $2.54 from $1.39 a year earlier. Operating margin improved to 9.8%, marking new highs across revenue, profit, and margin. The company raised its full-year 2026 revenue guidance to $20.5 billion. Growth is being driven primarily by 800G Ethernet switch shipments to major cloud providers; the company expects to begin mass production of 1.6T
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About 10% of Global Crypto Users Self-Custody Private Keys, Trezor Says
According to Trezor, approximately 10% of the global 600 million cryptocurrency users self-custody their private keys, with around 12 million to 13 million people using hardware wallets. Trezor's founders launched the first hardware wallet 12 years ago, moving private keys from internet-connected computers to dedicated devices where keys are generated, never leave the device, and transactions are signed internally.
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CME to Launch Sports-Linked Futures and Options This Summer
According to a CME announcement, the Chicago Mercantile Exchange plans to launch futures and options contracts linked to professional and college sports events. The company is partnering with index provider FutureSports to develop the underlying indices. The contracts will be cash-settled with monthly and quarterly expirations. If approved by regulators, trading could begin this summer, marking the first sports-linked futures products in the industry.
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SecondFi Whitehats Transfer Recovered Assets to EMURGO Recovery Fund on July 29
According to PANews, on July 29, a whitehats team participating in SecondFi's Asset Recovery Fund transferred part of the recovered assets to the recovery fund address established by EMURGO for transparent tracking of asset recovery progress. The address is read-only and users should not transfer funds to it.
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Uniswap Founder Adams Defends v4 Fee Math as 14% Protocol Fee Claim Faces Scrutiny
On Tuesday, Uniswap founder Hayden Adams publicly defended the protocol's newly activated v4 fees, arguing that a 5-basis-point protocol fee on a 30-basis-point pool represents roughly 14% of total swap fees and does not reduce liquidity provider earnings. Adams characterized protocol fees as additive rather than deducted from LP allocations. Critics and DeFi governance participants, however, point to Uniswap's own v4 documentation describing sequential fee application: protocol fee first, then
UNI6.54%
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XRP Approved for Retail Trading on Hong Kong's OSL Exchange, Up 3% to $1.09
According to OSL HK's official confirmation, XRP was approved for retail trading on its Flash Trade platform in Hong Kong, with XRP/USD and XRP/HKD trading pairs now available. XRP is trading around $1.09, up 3% over the past 24 hours. The listing places XRP alongside BTC, ETH, and SOL among the digital assets approved for retail trading on the licensed venue, strengthening XRP's regulatory standing in one of Asia's leading financial centers.
XRP3.38%
BTC1.65%
ETH2.11%
SOL1.19%
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