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Markets brushed off Samsung's stellar earnings preview, with Samsung Electronics opening 3% lower.

1 hours ago

According to Bitget market data, South Korea’s KOSPI index opened 96.78 points lower on Tuesday (July 7), down 1.2% to 7954.55 points. Samsung Electronics fell 3%, while SK Hynix dropped 1%. Earlier reports indicated that Samsung released its Q2 performance preview, showing its operating profit surged over 1800% year-on-year, with quarterly earnings exceeding the sum of the previous three years. Meanwhile, the company’s revenue also rose 129% year-on-year to 171 trillion won.

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Ark Invest increased its holdings of Bullish stock by approximately $570,000 yesterday.

According to data from the Ark Invest Tracker, Cathie Wood’s Ark Invest increased its holdings of Bullish stock by 21,497 shares yesterday, valued at approximately $570,000.

9 minutes ago

Former Tether Chief Investment Officer Plans to Sell Stake in Tether

Bloomberg reported that sources familiar with the matter disclosed Richard Heathcote, former chief investment officer (CIO) of Tether, is collaborating with PJT Partners to sell a portion of his 1.26% stake in Tether. He is currently in talks with potential buyers, and no valuation has been disclosed. Earlier this March, Heathcote stepped down as Tether’s CIO and transitioned to an advisory role.

9 minutes ago

BonkDAO targeted by a malicious governance proposal attack, leading to the theft of approximately $20 million worth of BONK.

Bonk’s official Twitter account posted in the early hours that BonkDAO’s treasury was targeted by a malicious governance proposal, resulting in the theft of approximately $20 million worth of BONK tokens. Investigations indicate the relevant address purchased BONK via a centralized exchange (CEX) wallet prior to the proposal’s launch. BonkDAO is collaborating with CEXs, cross-chain bridges, and the Solana Foundation to address the incident; law enforcement has been notified, and efforts to recover the stolen funds and pursue accountability will continue. In response to the news, BONK fell 8.7% in 24 hours.

9 minutes ago

Nasdaq-listed firm Empery Digital added 1,200 Bitcoin to its holdings over the past six days.

According to Onchain Lens monitoring, Nasdaq-listed company Empery Digital has received an additional 200 BTC, worth about $12.84 million. Over the past six days, the firm has accumulated a total of 1200 BTC in holdings, valued at roughly $72.65 million.

9 minutes ago

Iran fired at least two missiles at vessels in the Strait of Hormuz.

According to AXIOS, a U.S. official said Iran fired at least two missiles at vessels in the Strait of Hormuz. Two commercial ships were hit and suffered severe damage, with no casualties.

9 minutes ago

AI chipmaker Syntiant, backed by Intel and Microsoft, has filed for an IPO.

According to Bloomberg, Syntiant, an AI chipmaker backed by Intel and Microsoft, has filed for an initial public offering (IPO). The company produces ultra-low-power AI chips and software for on-device AI in headphones, wearables, and industrial systems. Per its filing, Syntiant’s Q1 results are as follows: revenue reached $64.5 million, down from $66.6 million in the year-ago quarter; net loss stood at $26.2 million, widening from $16.8 million in the same period last year. To date, Syntiant has raised a total of $311 million in funding, with a post-money valuation of $646.4 million following its December 2024 financing round.

9 minutes ago

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