Cointime

Cointime

Download App
iOS & Android

Crypto Evening Briefing: Crypto Protocol Fetch.ai Offering AI Trading Tools for Decentralized Exchanges

Cointime Official

Top Stories

Hong Kong Court Recognizes Crypto as Property

Hong Kong's High Court has ruled that cryptocurrency is property, marking the first such decision regarding digital assets in the city-state. The ruling was made in a legal matter involving defunct crypto exchange Gatecoin, with the court determining that crypto has all the qualities of property and can be held on trust. 

Crypto Protocol Fetch.ai Offering AI Trading Tools for Decentralized Exchanges

Fetch.ai, a UK-based firm that develops artificial intelligence tools for crypto, is launching a set of enhanced trading products for decentralized exchanges (DEX). The platform will use AI-powered "agents" to execute trades based on user-defined parameters and facilitate peer-to-peer transactions between decentralized finance (DeFi) users.

Russian Central Bank Allows Experimental Use of Cryptocurrency in Foreign Settlements

The head of the Russian Central Bank, Elvira Nabiullina, has announced that the bank is considering the experimental use of cryptocurrency for foreign settlements. She also stated that special organizations will be created for this purpose, and a draft law is currently being prepared.

Bitcoin Mining Stocks Are Crushing Tech Stock Prices in 2023

Bitcoin mining stocks have outperformed tech stocks and indexes in 2023, with 20 leading mining firms seeing their stocks double or more this year, according to BTC mining expert Jaran Mellerud.

EU’s Crypto Licensing Regime Set for Approval as Lawmakers Signal Support

European Union lawmakers have shown continued support for the Markets in Crypto Assets regulation (MiCA) in a Wednesday debate, signaling that the licensing law will easily pass a vote due Thursday. 

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $29,216.64 USD, dropped by 3.59% in the last 24 hours;

ETH’s live price is $1,978.09 USD, dropped by 6.28% in the last 24 hours;

BNB’s live price is $325.98 USD, dropped by 5.39% in the last 24 hours;

XRP's live price is $0.4965 USD, dropped by 4.84% in the last 24 hours.

Fundraising News

Universal Ledger Raises $10M for Wallet-as-a-Service

Universal Ledger, a blockchain-based company that enables customers to build their own crypto wallets, has raised $10m through SAFE notes led by Hard Yaka. The company, which has not yet secured any customers, is targeting large financial institutions and governments and plans to tap into growing interest in crypto's use in remittances and central bank digital currencies.

Rally Raises $12M in Series A Round to Fuel the Future of Ecommerce with its Next Generation Checkout Platform

Rally, a composable checkout platform for ecommerce merchants, has raised $12m in a Series A funding round led by March Capital. The platform currently supports multiple back-end and front-end platforms, payment processors, and payment methods, and plans to build out Web3 features, starting with allowing merchants to accept cryptocurrencies in their checkout. 

Chekkit Raises Undisclosed 7-Figure Investment, Aims to Become Africa’s Foremost Traceability Platform

Chekkit has secured an undisclosed round from Adaverse, a Cardano ecosystem accelerator, with participation from existing investors like RTA, HoaQ, Launch Africa, and Blockchain Founders Fund.

The Odyssey Acceleration Program for Web3 Startups Initiates, Launched by Gotbit Hedge Fund

Gotbit Hedge Fund announced the launch of a new accelerator program called Odyssey. The two-month initiative, which is designed to boost any project looking to build solutions for DeFi and Web3 infrastructure, will focus on delivering comprehensive business education individually for each participating startup.

Swaap Closes $4.5M Seed Round, Led by Signature Ventures

Swaap Labs, the company building Swaap, has successfully secured over $4.5 million in seed funding. The seed funding round was led by Signature Ventures with participation from high-profile investors including New Form Capital, C² Ventures, Kima Ventures, Pareto Ventures, Entrepreneur First (where Swaap's co-founders met), and renowned business angels like Julien Bouteloup (Stake Capital), Pascal Gauthier (Ledger CEO), Richard Ma (Quantstamp CEO), Tegan Kline (The Graph), Meltem Demirors (Coinshares CSO), Frederic Montagnon (Arianee Co-Founder), and Thibaud Elzière (eFounders CEO).

Bitcoin Bitcoin $62,978.06
-2.01%
Blockchain Web3 Hong Kong AI Russia bitcoin mining MiCA Rally
Comments

All Comments

Recommended for you

  • Amazon Shares Surge 15.2%, Biggest Gain Since 2012

    On July 31, Amazon shares surged 15.2% to $271.255 per share, marking their biggest gain since 2012, with a total market value of $2.92 trillion.

  • US Treasury Secretary Bessent Vows to Track Down Iranian Assets Globally for Terror Victims

    US Treasury Secretary Bessent said the US will actively track down Iranian assets worldwide to ensure compensation funds for victims of Iran-backed terrorist activities. Bessent stated that the US government's military and economic blockade measures against the Iranian regime will continue and will not be relaxed. (Jinshi)

  • Apple Plunges Nearly 10%, Q4 Revenue Guidance Misses Expectations

    On July 31, Apple (AAPL.US) plunged nearly 10% to $300.33, marking its biggest drop since April 2025. In terms of fundamentals, Apple's third-fiscal-quarter revenue rose approximately 16% year-over-year to $109.42 billion, slightly above analyst expectations. Among the details, product revenue came in at $78.68 billion, beating the expected $77.25 billion. However, services revenue—a key driver of its valuation re-rating in recent years—totaled $30.74 billion, missing the consensus estimate of $31.36 billion. Additionally, Greater China revenue reached $18.82 billion, with year-over-year growth slowing to 22%, also below analysts' forecast of $19.58 billion. During the earnings call, Apple guided fourth-fiscal-quarter revenue growth in the range of 9% to 11%, overall below the 12.1% analysts had expected. CFO Parekh noted that component supply constraints would impact iPhone, Mac, and iPad businesses in the fourth fiscal quarter, with currency fluctuations also constraining growth.

  • Three Fed Officials Back Rate Hike, Hawkish Pressure Builds

    On July 31, three Federal Reserve policymakers said that dissenting votes in favor of a rate hike this week stemmed from stubborn inflationary pressures, highlighting rising internal pressure on Fed Chair Warsh to act. In statements released Friday morning, Hammack and Kashkari said they worry that although the current round of price increases may stem from short-term factors such as President Trump's tariff policies and the Iran war, the inflation situation already warrants Fed action. Logan also joined in, saying that even if inflation cools, if the Fed does not raise rates, inflation is unlikely to fully fall back to the Fed's 2% target; without any policy constraints, inflation could continue to run above target until an unexpected shock occurs. Kashkari said that if inflation remains persistently stubborn, he might support a series of rate hikes, not just a single increase, to prevent inflation from becoming further entrenched. He said: "A series of small policy adjustments may be preferable to waiting for developments to unfold and ultimately having to take more forceful action." Hammack said that if the Fed does not tighten policy, price increases could continue to accelerate. She said: "Inflation has been stubbornly above 2% for more than five years, and I have no confidence that it will return to our target on its own." (Jin Shi)

  • US 10-Year Treasury Yield Rises to 4.7388%, Highest Since January 2025

    On July 31, the US 10-year Treasury yield rose to 4.7388%, the highest level since January 2025.

  • Spot Gold Intraday Decline Widens to 2%, at $4,021.08 per Ounce

    On July 31, spot gold's intraday decline widened to 2%, reported at $4,021.08 per ounce.

  • BTC Falls Below $63,000

    Market数据显示，BTC has fallen below $63,000, currently reported at $62,985.99, with a 24-hour decline of 2.99%. Market volatility is significant, please exercise risk control.

  • Fed's Logan: Leaning Toward 25 Basis Point Rate Hike

    On July 31, Federal Reserve Governor Logan said she leans toward a 25 basis point rate hike, believing inflation has not yet entered a sustainable path back to the Fed's 2% target. Logan stated that taking moderate action now would reduce the risk of needing more aggressive tightening in the future, while emphasizing that the Fed cannot rely on unexpected shocks to achieve its inflation target.

  • Fed's Logan: Taking Modest Actions Now Reduces Likelihood of Needing Stronger Action Later

    On July 31, Dallas Fed President Lorie Logan said that taking modest actions in the near term would reduce the likelihood of needing to take stronger action in the future.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company