Crypto Pulse—Trending Topics

Overview Microsoft and Meta reported on the same evening of July 29, and markets handed down opposite verdicts within hours. Microsoft posted fiscal fourth quarter revenue of $90.01 billion with Azure growth reaccelerating to 43% and annual Azure revenue crossing $100 billion for the first time, sending the stock up about 8% after hours. Meta beat on revenue at $60.8 billion but saw total costs surge 55%, missed earnings estimates by a wide margin and raised the floor of its full year capex guid

Overview The US military said early Thursday it had completed a heavy wave of strikes against dozens of targets inside Iran, retaliation for an Iranian ballistic missile attack on a US air base in Jordan. Two developments make this round different. Saudi Arabia joined US aircraft in openly striking Iran backed militias in Iraq for the first time, and the conflict's footprint now stretches from Iranian territory to Iraq and Red Sea shipping lanes. Brent crude jumped nearly 8% on July 29 to close

Overview The Federal Reserve held its benchmark rate at 3.50% to 3.75% on July 29, its fifth consecutive pause. The number that mattered was not the rate but the vote. The Federal Open Market Committee split 9 to 3, with Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan all dissenting in favor of a quarter point hike, the largest bloc of dissents at any meeting since September 2016. Equities sold off, the Dow at one point shed more

Overview Global markets are watching the Bank of Japan interest rate decision on July 31 because the yen remains one of the world's most important funding currencies. A rise in Japanese interest rates, a sudden yen appreciation, or another increase in Japanese government bond yields could force leveraged investors to reduce positions in global equities, bonds, and crypto assets. According to the official Bank of Japan monetary policy meeting schedule, the Policy Board will meet on July 30 and Ju

Overview The market is not reacting because a Chinese company has already produced a commercially proven EUV machine that can replace ASML. It is reacting because the durability of one of the semiconductor industry's strongest industrial moats is becoming less certain. ASML's valuation rests on its exclusive position in production grade EUV lithography, its leadership in advanced DUV systems, its large installed base, and recurring service revenue. Progress across China's domestic semiconductor

Overview On July 26, BitMart, a cryptocurrency exchange that operated for nine years, announced an orderly wind-down of its trading platform, putting millions of users on a hard clock: all spot and futures trading stops on August 26, and the platform fully closes on January 31, 2027. Per CoinDesk, the platform's BMX token crashed about 58% within 24 hours of the notice. For users who relied on BitMart to trade small and mid cap altcoins, this is not a decision to mull over slowly: the withdrawal

Overview Markets are questioning the corporate Bitcoin treasury model because the financing conditions that supported its expansion have changed. Falling Bitcoin prices, shrinking premiums to net asset value, weaker preferred stock prices and rising dividend obligations are forcing investors to distinguish between companies that are increasing Bitcoin per share and companies that are merely expanding their balance sheets through repeated securities issuance. There is no single answer for the ent

Overview Ethereum's staking data shows a seemingly contradictory combination: locked supply is hitting record highs while the staking yield falls to historic lows. Per Crypto Economy citing on-chain analysts, as of late July about 41.04 million tokens were staked on the Ethereum network, roughly 34% of circulating supply, an all-time high worth about $77.7 billion at current prices. At the same time, the annual staking yield fell to 2.62% from 3.05%, among the lowest lockup returns the network h

Overview On July 27, the military conflict between the United States and Iran that had run for nearly two weeks paused, and global markets reacted sharply. Per CNN, Brent crude closed at $85.87 a barrel that day, down 11.3%, its largest drop since April 8, while US crude fell about 7% to $82.61. Stocks rose in tandem, and Bitcoin briefly reclaimed $65,000. The market watches this conflict because it drives the pricing logic of three asset classes at once: oil sets inflation expectations, inflati

Overview On July 28, Bitcoin pulled back on the opening day of the Federal Open Market Committee (FOMC) meeting. Per TradingKey's market data, Bitcoin traded near $63,316 early in the US session, down about 2.49% over 24 hours and about 4.61% over seven days. The pre-decision volatility is not the result of a sudden piece of bad news but of the market positioning in advance for a binary outcome. The Fed releases its rate decision on July 29, and per the CME FedWatch tool, the probability of no c