News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Share link:In this post: China’s exports rose 5.8% in June, beating forecasts and defying U.S. pressure. Exports to the U.S. dropped 16.1%, while shipments to Southeast Asia and the EU surged. Rare earth and steel exports spiked ahead of China’s August 12 trade deal deadline with Washington.
Share link:In this post: Chinese EV brands now hold 10% of Norway’s car market since entering in 2020. Norway refuses to impose tariffs on Chinese EVs, unlike the U.S. and EU. Buyers are choosing Chinese EVs for their price and tech, says NEVA’s Christina Bu.
Share link:In this post: Jensen Huang said China’s military can’t rely on Nvidia chips due to U.S. export limits. He criticized U.S. restrictions, calling them harmful to America’s global tech leadership. Nvidia is developing new chips to comply with current export rules and stay in the China market.
Share link:In this post: Bitcoin hit a new all-time high of $123,400 on Monday after massive ETF inflows. The crypto market has added over $1.2 trillion in value since Trump paused tariffs in April. Bitcoin gained $15,000 after Trump’s “Big Beautiful Bill” passed the House on July 3rd.
Share link:In this post: BOJ has completed offloading bank stocks it purchased from troubled banks during the global financial crisis. The bank is now focused on its stockpile of exchange-traded funds, which stands at 37T yen at the time of publication. The financial institution is also considering tapering its bond purchase from April next year.
Share link:In this post: Scott Bessent skipped the G-20 meeting in South Africa for the second time this year. Trump is targeting BRICS nations with new tariffs, including South Africa and Brazil. South Africa’s development goals are being sidelined as the U.S. pushes its trade agenda.
A growing wave of corporate Bitcoin treasuries is reshaping markets, led by Strategy’s $472.5 million purchase—but mounting risks could test its resilience.
Bitwise CEO says Ethereum’s real battle is with Web2 and legacy finance, not Bitcoin.Leaving the CoinMarketCap Era BehindThe Future Is Use Case-Driven
- 04:02Statistics: 0.76% of ETH Supply Permanently Locked, Valued at Approximately $3.43 BillionBlockBeats News, July 27 — Exchange executive Conor Grogan posted that, according to his statistics, at least 913,111 ETH have been permanently lost due to user error, accounting for more than 0.76% of the total ETH supply, with a value of approximately $3.43 billion. If you add the ETH burned by EIP-1559 (5.3 million ETH), then over 5% of all ETH ever issued (worth $23.42 billion) has been permanently destroyed. Some of the largest permanent Ethereum lock-up incidents in history include: The Web3 Foundation lost 306,000 ETH due to the Parity Multisig vulnerability; Quadriga lost 60,000 ETH due to a smart contract failure; Akutars lost 11,500 ETH in a failed NFT mint; Users collectively sent 25,000 ETH to a burn address for unknown reasons; Conor Grogan added that the $3.43 billion figure is significantly lower than the actual amount of lost or inaccessible ETH, as it only covers cases where Ethereum has been permanently locked. It does not include all lost private keys or forgotten Genesis wallets, for example. The statistics are based on various public reports and queries.
- 04:02Analysis: Parabolic Bull Markets and Devastating Bear Markets Will Disappear, Bitcoin Will Continue to Consolidate and Trend Upward in the FutureBlockBeats News, July 27 — Blockware BTC analyst Mitchell Askew stated that Bitcoin will no longer experience “parabolic” price surges or “devastating” bear markets, as the existence of spot ETFs has permanently reduced volatility and changed market dynamics. Bitcoin before and after the launch of ETFs appears to be two entirely different assets, and over the next decade, it will reach $1 million through a prolonged cycle of “rallies” and “consolidations.” This journey will bore everyone and squeeze short-term speculators out of the market. The chart shared by Mitchell Askew shows that since the launch of the US Bitcoin ETF in January 2024, Bitcoin’s price volatility has significantly decreased. Bloomberg Senior ETF Analyst Eric Balchunas previously noted that reduced volatility helps Bitcoin attract larger investors and gives it a chance to be adopted as a currency, but the trade-off may be the end of “legendary candlestick charts.” Spot ETFs further intertwine traditional finance, institutional investors, and the crypto asset market.
- 04:02Independent Miner Successfully Mines Block 907,283, Earning 3.173 BTC in RewardsBlockBeats News, July 27—According to mempool data, an independent Bitcoin miner successfully mined block 907,283 through the Solo CK pool this morning, earning a block reward of 3.173 BTC, equivalent to approximately $374,000.