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Share link:In this post: xAI raised $10 billion split evenly between debt and equity, according to Morgan Stanley. The funding will go toward building infrastructure and scaling the Grok AI chatbot. Musk said xAI has already installed 200,000 GPUs and plans a 1 million-GPU facility near Memphis.
Share link:In this post: The total altcoin market cap fell below $1.30 trillion on July 1 as geopolitical and US political tensions weighed on crypto. Key analysts warn of deeper declines as altcoins underperform Bitcoin, with technical charts showing rejection from major moving averages. Elon Musk and Donald Trump reignite their public feud over a major spending bill, adding further volatility to the 2025 crypto market landscape.
Share link:In this post: Google is arguing that the Digital Markets Act hampers innovation. In its current state, the tech giant says businesses and consumers in Europe stand to suffer. The EU has remained resolute that its rules are necessary and will benefit consumers.
- 07:26Featured The Block Executive: Total Assets of Tokenized Treasury Products Have Soared 80% This Year, Reaching $7.4 BillionAccording to a report by Jinse Finance, The Block’s project director Frank Chaparro stated on social media, “The Financial Times is focusing on the explosive growth of tokenized money markets and real-world assets. According to data provider RWA.xyz, the total asset size of tokenized treasury products has surged by 80% this year, reaching $7.4 billion. These products include funds that convert fund shares into digital tokens, as well as partially tokenized U.S. Treasuries.”
- 07:18Matrixport: Ethereum Price Shows Resilience Beyond Fundamental Expectations, $2,500 Remains a Key Technical Support LevelAccording to ChainCatcher, Matrixport analysts have recently pointed out that Ethereum has demonstrated stronger-than-expected price resilience. Despite persistently low on-chain activity and no significant rebound in gas fees, the price of ETH has continued to trend steadily upward. The report attributes this market performance to three main factors: institutional investors are consistently increasing their ETH holdings, reinforcing its status as "digital gold"; stablecoin issuance on the Ethereum network remains active, providing ample liquidity to the ecosystem; and the smooth progress of the U.S. GENIUS Act, which brings medium- to long-term policy benefits to the market. In addition, the resonance of seasonal market trends and prevailing optimism has further solidified the current price structure. Technical analysis indicates that the $2,500 level remains a key support that bulls need to defend.
- 07:18Glassnode: Whales Holding Over 10,000 ETH Accelerate AccumulationAccording to a report by Jinse Finance, Glassnode data shows that whales holding at least 10,000 ETH are accelerating their accumulation, at a pace even faster than before the 95% ETH rally in mid-2022. As of this Monday, the total ETH held by these whales has rebounded from a historic low of 37.56 million in October 2024 to 41.06 million, marking a 9.31% increase. This growth rate is nearly double that of the period from May to September 2022, when ETH prices rose from around $1,000 to $1,950. A similar situation occurred between November 2020 and January 2021, when whale holdings increased by 4% and ETH prices surged from $460 to $1,220. Historically, whales tend to accumulate before the market fully takes off.