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Broadcom Stock Dropped 15% Despite a Record Quarter and AI Revenue

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Reiterated Target

Broadcom stock fell about 16% even after the company posted a record AI quarter and won fresh target hikes from Bank of America and Morningstar.

The selloff is the puzzle. A record quarter and bullish targets were met by a stock that dropped hard, and the answer lies in earnings quality and money flow, not the headlines.

Broadcom Stock Earns a Record Quarter and Target Hikes

Broadcom (NASDAQ: AVGO) gave the bulls plenty. Second-quarter revenue hit $22.2 billion, up 48% from a year earlier, a record. Yet, the price now stares at a big dip.

AI semiconductor revenue reached $10.8 billion, up 143%, and bookings topped $30 billion against $10.8 billion shipped. That backlog extends demand visibility into 2028.

The guidance went further. Management guided third-quarter revenue to about $29.4 billion, up 84%, put full-year 2026 AI revenue near $56 billion, around 180% growth, and reiterated more than $100 billion for 2027.

Software helped too. Infrastructure software added $7.2 billion, up 9%, with annual recurring revenue up 17%.

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Analysts responded. Morningstar lifted its target to $650 from $550, per FinViz, followed by Bank of America. Broadcom stock is up 37.86% this year and has rallied about 70% since late March.

Reiterated Target
Reiterated Target: TipRanks

Those records, however, hide a per-share story that helps explain the selloff.

The Quiet Numbers Under Broadcom Stock’s Hood

Pull up the multi-quarter picture, and the three charts disagree. Sales are a clean climb, from $11.96 billion in early 2024 to $19.31 billion, then $22.2 billion this quarter.

GAAP earnings per share are not clean. GAAP earnings are the official bottom-line profit per share, calculated after all costs. That includes one-time items like the bill for buying other companies, which is why the line jumps around.

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EPS ran $0.28, then $0.44, then posted a $0.40 loss in one 2024 quarter due to acquisition charges. It recovered unevenly to $1.50 and the latest $1.91.

The share count is the quieter tell. It has crept up from 4.63 billion to 4.74 billion, so dilution works against holders even as the company buys back stock.

Broadcom Quarterly Fundamentals Previous Quarter
Broadcom Quarterly Fundamentals Across Previous Quarters: FinViz

The current quarter shows the same squeeze on quality. Gross margin, the share of sales left after the direct cost of making the chips, was 77.1%. That is down 230 basis points, or 2.3 percentage points, from a year earlier.

Broadcom guides that figure to about 74% next quarter. The reason is the AI mix itself. Custom AI chips carry lower margins than the legacy chip and software lines. So the faster they grow, the more they pull down the blended margin.

That is the quiet warning in a record quarter. The same AI demand driving the headline numbers is also making each new dollar of sales less profitable. Records on the top line, thinner quality underneath.

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If the growth is this good but the quality is slipping, the next question is simple. Did the money that sets the price already see it and start to leave?

Money Flow and Options Traders Turn Cautious

The flow had been fading before the print. The Chaikin Money Flow (CMF), a proxy for institutional buying and selling pressure, remains positive at 0.11, but has dropped from about 0.5 in early May.

Price and Money Flow
Broadcom Price and Money Flow: TradingView

From roughly May 14 to June 2, the price trended higher while the CMF trended lower. That bearish divergence, with sell volume near 50 million shares, suggests institutional buyers were thinning out as the rally progressed.

Options traders leaned the same way. The put-call ratio compares put to call activity, with a reading above 1 marking a bearish lean. Before the report, its open interest reading was 1.12.

AVGO Put-Call Ratio
AVGO Put-Call Ratio: Barchart

After the June 3 results, that reading eased only to 1.09. The volume ratio even rose from 0.51 to 0.54 on fresh put buying. The options crowd kept paying for downside protection rather than chasing upside.

That is the link to the money flow. CMF tracks whether cash is moving into or out of the shares, and it was fading. The put-call ratio tracks how the options market is positioned, and it stayed defensive.

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One reads the cash tape, the other reads the derivatives book, and both show the same caution in the rally.

With buying thinning and hedging building, the positioning data decides the rest.

The Positioning Data That Settle It

Crypto-native traders moving into stocks are bracing, too. On Hyperliquid, the perpetual smart money cohort is fully short at about $1.06 million, with nothing on the long side.

Whales tell a sharper story. The group holds about $4.00 million in AVGO, split $2.63 million short against $1.36 million long. That is a net short lean. The only long-only group, public figures, holds just $2,100, too small to matter.

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AVGO Perps Positioning
AVGO Perps Positioning: Nansen

One whale’s book shows why this is AVGO-specific, not an AI retreat. That trader runs a $1.69 million long on the S&P 500 and a $1.42 million long on Nvidia.

Yet the same wallet holds only about $25,000 of AVGO, a small long opened near $409 after the drop. So it is bullish the broad market and the wider AI trade while barely touching Broadcom.

These are synthetic crypto contracts that track sentiment and do not move the listed shares. Still, the lean matches the caution seen in the cash and options data.

Key Trader Position Reveals AI Focus
Key Trader Position Reveals AI Focus: Nansen

Put together, the signals tell one story. Broadcom delivered records, yet the traders setting the price are leaning short or standing aside after the post-earnings drop. That holds even for wallets still long the rest of the AI complex.

The drop was not business-breaking. It was a crowded trade meeting, with guidance confirming strength without topping the highest hopes. For investors, the read is positioning, not panic.

The post Broadcom Stock Dropped 15% Despite a Record Quarter and AI Revenue appeared first on BeInCrypto.

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Telegram founder Pavel Durov internationally wanted, Russia’s FSB says

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Telegram founder Pavel Durov internationally wanted, Russia’s FSB says

Telegram founder Pavel Durov internationally wanted, Russia’s FSB says

Russia’s FSB says Telegram founder Pavel Durov faces a terrorism-related charge and an international arrest warrant, while a separate French case remains open.

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Bitcoin ETFs extend outflow streak as BTC fails to hold $65K

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Bitcoin ETFs extend outflow streak as BTC fails to hold $65K

Bitcoin ETFs extend outflow streak as BTC fails to hold $65K

US spot Bitcoin ETFs recorded four straight sessions of outflows totaling $526 million as Bitcoin faced renewed selling pressure after failing to hold $65,000.

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The Most Unpredictable FOMC Meeting in Years Is Here: What Bitcoin Investors Should Know

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The United States Federal Reserve will announce its interest-rate decision later today, but, unlike essentially every meeting in the past six years, markets remain divided over what comes next.

Bitcoin investors seemingly de-risked yesterday in what appeared to be a blatant sell-off ahead of the key event. The question now is what follows.

Why So Much Unpredictability Now

The Federal Open Market Committee began its two-day meeting on July 28 and will publish its decision at 2:00 p.m. ET today. Chairman Kevin Warsh’s press conference will follow approximately 30 minutes later, in which investors will seek clues for what the central bank’s policy will be for the remainder of 2026.

The current benchmark rate stands between 3.50% and 3.75%. Although most experts still believe it will be left unchanged, futures markets recently assigned a probability of up to 38% to a surprise 25-basis-point hike. According to the analyst at the Kobeissi Letter, these expectations are among the most divided in recent history.

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They explained that nearly every Fed meeting since the COVID-19 pandemic in March 2020 entered decision day with roughly 99% agreement about the outcome. The situation now is different for the first time in over six years, given the aforementioned odds on futures markets and prediction platforms.

The uncertainty partly stems from Warsh’s decision to reduce the central bank’s reliance on forward guidance. Minutes from the June meeting showed that policymakers discussed shortening the Fed’s statement and removing language indicating the likely direction of the next move. Warsh’s approach is expected to preserve flexibility, but it has also left traders without the clear policy signals they became accustomed to under Jerome Powell.

Change or No Change

The Kobeissi Letter analysts said they believe the Fed will leave rates unchanged. A recent Reuters survey of over 100 forecasters reached the same conclusion, with more than three-quarters predicting no policy shift until the end of the year. ING economists shared the same opinion.

One of the reasons for this is the softer-than-expected inflation data for June. The labor market has also shown signs of weakening, giving the Fed another reason not to tighten financial conditions further.

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There’s also the opposite side of the coin, though, as some experts believe the central bank might lose credibility if it waits too long. Inflation remains well above the 2% target, while renewed geopolitical tension, tariffs, and energy-market instability could push prices higher again.

Several Fed officials have reportedly become more open to the idea of raising rates if inflation fails to improve. Warsh has also avoided giving markets a clear roadmap, meaning that a hike cannot be easily dismissed simply because officials did not prepare investors for one in advance.

Crypto Impact

Crypto analytics platform Santiment Intelligence outlined a notable rise in social-media discussions about the interest-rate hikes ahead of today’s meeting. The data showed a similar spike in such fears before the previous meeting on June 16. However, as it typically happens, the social chatter was wrong as the Fed left rates unchanged.

“Crowd conviction can get loud right before it gets wrong, especially when traders are trying to price Fed uncertainty into Bitcoin,” said Santiment.

Let’s talk prices. BTC dipped by $3,000 yesterday in a de-risking development ahead of the meeting. It has recovered half of the losses, currently sitting above $64,000.

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If the Fed doesn’t change rates and Warsh doesn’t signal strongly for a September hike, BTC could rebound further as the uncertainty might have already been priced in. If there’s no rate change but the Chairman sounds hawkish, bitcoin might jump initially as there would be no hike now, but it’s likely to retreat toward $60,000 in the next few weeks.

A surprise 25-basis-point increase, though, will be the most bearish immediate outcome for the cryptocurrency. The decision will likely strengthen the dollar, push Treasury yields higher, and cause investors to further reduce exposure to speculative assets.

The post The Most Unpredictable FOMC Meeting in Years Is Here: What Bitcoin Investors Should Know appeared first on CryptoPotato.

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Jump Capital doubles down on crypto with new $350M fund

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Jump Capital doubles down on crypto with new $350M fund

Jump Capital has closed a $350 million venture fund with a stronger focus on crypto investments.

Summary

  • Jump Capital has closed a $350 million venture fund with a stronger focus on early stage crypto investments.
  • The firm said the new fund will back blockchain infrastructure, DeFi, Web3, fintech, and enterprise software startups.
  • Jump Capital has expanded its crypto portfolio through investments in Securitize, Shelby, and KGeN over the past year.
  • The venture firm has completed more than 100 investments and nearly 30 exits since its launch.

According to a July 29 announcement, Jump Capital has closed its seventh venture fund with $350 million in total capital commitments, describing it as the firm’s largest fund to date and outlining plans to increase investments across the crypto ecosystem while continuing to back early-stage technology startups.

The firm’s official announcement said the new vehicle will continue investing in fintech, IT and data infrastructure, future of commerce and media, and B2B SaaS, while allocating more resources to blockchain and digital asset companies. 

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The fund follows nearly a decade of venture investing that has resulted in more than 100 portfolio companies and close to 30 exits.

Jump Capital has expanded its crypto allocation

Founded in 2012 alongside Jump Trading, Jump Capital said it originally focused on software and technology companies outside traditional coastal venture markets while supplying Series A and Series B funding to underserved founders across the United States.

The firm said market conditions have changed considerably since then. Access to Series A and Series B capital has become more limited, while investor attention toward startups in the Midwest increased during the pandemic. 

At the same time, blockchain emerged as what Jump Capital described as a technology capable of changing financial markets and introducing new models of ownership and value transfer.

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According to the announcement, the venture firm began investing in crypto roughly seven years ago before building a dedicated investment team led by partners Saurabh Sharma and Peter Johnson. It said experience across distributed systems, computing infrastructure, fintech, and capital markets encouraged it to commit more resources to the sector through its latest fund.

The announcement added that Jump Capital and its affiliate Jump Trading now invest globally across the crypto market, citing increasing institutional participation, continued retail adoption, and rapid product development as factors supporting that strategy.

Crypto investments already span infrastructure and tokenization

According to Jump Capital, its crypto portfolio already includes investments across exchanges that support fiat on-ramps, lending and credit platforms, compliance software, asset management platforms, decentralized finance, gaming, Web3 infrastructure, and blockchain networks.

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In May 2025, Jump Crypto, the digital asset division of Jump Trading, acquired a significant equity stake in Securitize for an undisclosed amount. At the time, Securitize said the partnership would expand institutional access to tokenized real-world assets, including U.S. Treasurys, private credit, and private equity, while improving collateral management solutions. Securitize Chief Operating Officer Michael Sonneshein said the investment demonstrated growing institutional conviction in tokenization and its role in capital markets.

The company made another infrastructure-focused move in June 2025, when Aptos Labs and Jump Crypto introduced Shelby, a decentralized hot storage network designed to provide cloud-grade infrastructure for Web3 applications. Aptos Labs said Shelby would deliver decentralized, monetizable storage with sub-second data access across multiple blockchains, while Jump Crypto said the protocol addresses blockchains’ inability to efficiently serve large datasets at scale.

Earlier collaborators announced for Shelby included Metaplex, Pipe Network, Story, Myco, DoubleZero, and Flashback Labs, with Aptos serving as the network’s initial settlement layer.

Portfolio activity has continued across emerging Web3 projects

Jump Crypto has also continued backing consumer-facing blockchain applications.

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In September 2025, Web3 distribution protocol KGeN announced a $13.5 million strategic funding round backed by Jump Crypto, Accel, and Prosus Ventures, increasing the company’s total funding to $43.5 million.

KGeN said the proceeds would support expansion of its POGE identity and reputation framework, which helps Web3 applications manage user acquisition, commerce, and loyalty programs on-chain. At the time, the company reported operations across more than 60 countries, serving 38.9 million verified users, generating $48.3 million in annualized revenue, and recording roughly 780,000 daily active users.

Following that investment, Jump Crypto Chief Investment Officer Saurabh Sharma said KGeN’s distribution model introduced more accountability into digital user acquisition, while Accel and Prosus Ventures credited the platform’s ability to scale measurable engagement.

New fund builds on nearly a decade of venture investing

Alongside its crypto activity, Jump Capital said its venture business has completed more than 100 investments and nearly 30 exits since launch.

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The firm pointed to exits involving Personal Capital, acquired by Empower, Flashpoint, acquired by Audax, and Tubi, acquired by Fox, while also highlighting companies including SPIRE, Fast Radius, M1 Finance, Degreed, TradingView, LogicGate, and LinkSquares among its portfolio.

According to Jump Capital, its investment process continues to rely on sector-specific research and discussions with industry participants before identifying founders whose businesses align with the firm’s investment themes.

With Fund VII now closed, the venture firm said it plans to continue supporting early-stage technology companies while dedicating additional capital and personnel to blockchain infrastructure, decentralized finance, crypto networks, gaming, and other parts of the digital asset ecosystem.

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USD/JPY and USD/CAD Test Resistance Ahead of Fresh Fed Signals

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USD/JPY and USD/CAD Test Resistance Ahead of Fresh Fed Signals

The US dollar continues to hold the upper hand against most major currencies ahead of the outcome of the latest Federal Reserve meeting. While the base-case scenario remains for interest rates to stay unchanged, markets are also pricing in the possibility of a rate hike. The Fed’s decision, together with its comments on inflation, economic conditions and the future path of monetary policy, could determine the direction of the US dollar over the coming weeks.

Another factor supporting the dollar is the ongoing geopolitical uncertainty in the Middle East. Despite the temporary suspension of US strikes on Iran and renewed diplomatic efforts, the risk of further military escalation remains, prompting investors to remain cautious ahead of this week’s key events. Geopolitical uncertainty continues to underpin demand for the US dollar as a safe-haven asset. At the same time, USD/JPY’s approach towards multi-year highs has increased expectations of fresh warnings from Japanese authorities and raised the risk of currency intervention. For USD/CAD, oil prices remain another important driver: weaker crude prices continue to limit support for the Canadian dollar and help preserve the pair’s bullish potential.

USD/JPY

USD/JPY tested another multi-year high near 164.00 last week. Following the strong rally, the pair has entered a modest pullback. However, if the Federal Reserve delivers a more hawkish outcome or maintains its hawkish tone, the pair could extend its advance towards 165.00–165.50. A decisive move below 163.30 could trigger a deeper correction towards the 162.00–162.60 support area.

Key events for USD/JPY:

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  • Today at 21:00 (GMT+3): US Federal Reserve interest rate decision;
  • Today at 21:30 (GMT+3): Federal Open Market Committee (FOMC) press conference;
  • Tomorrow at 15:30 (GMT+3): US Core Personal Consumption Expenditures (PCE) Price Index.

USD/CAD

USD/CAD’s recovery following the formation of a bullish engulfing pattern has stalled near resistance at 1.4130. The pair is currently consolidating within the 1.4060–1.4130 range. A decisive break above the upper boundary of this range could pave the way for further gains towards 1.4160–1.4200. Conversely, a move below 1.4060 could lead to a retest of the recent low near 1.4000.

Key events for USD/CAD:

  • Today at 17:30 (GMT+3): US crude oil inventories;
  • Today at 20:30 (GMT+3): Bank of Canada Summary of Deliberations;
  • Tomorrow at 15:30 (GMT+3): US GDP data.

Overall, the near-term direction of both USD/JPY and USD/CAD will depend primarily on the Federal Reserve’s decision and its guidance on the future path of interest rates. A more hawkish stance could support a breakout above nearby resistance levels and reinforce the US dollar’s strength. Conversely, a more dovish message could trigger a correction in the greenback, particularly against the Japanese yen, where the proximity of multi-year highs increases the likelihood of renewed warnings from Japanese officials. For USD/CAD, oil price movements and the Bank of Canada’s Summary of Deliberations will remain important additional drivers.

Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips (additional fees may apply). Open your FXOpen account now or learn more about trading forex with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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XRP (XRP) Price Prediction 2026, 2027-2030

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Circle launches cirBTC on Ethereum with 1:1 Bitcoin backing

XRP trades near $1.06 in late July 2026, roughly 71 percent below the $3.65 cycle top set on July 17, 2025. This piece walks through the escrow-versus-ETF equation, the bull case ($4.50–$7.00 by 2030), the base case ($1.80–$3.20), and the bear case ($0.60–$1.40).

Read the full XRP price prediction analysis →

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Cross-Border Payments Top Stablecoin Use Case in UK Policy Sprint

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Cross-Border Payments Top Stablecoin Use Case in UK Policy Sprint

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.

All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.

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HTX’s First TradFi “Trade to Earn” Campaign Unleashes New Trading Momentum: Rewards Exceed $23,000, Fee Savings Reach 1.8 Billion $HTX

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HTX’s First TradFi “Trade to Earn” Campaign Unleashes New Trading Momentum: Rewards Exceed $23,000, Fee Savings Reach 1.8 Billion $HTX

Recently, HTX’s first-ever TradFi “Trade to Earn” campaign concluded successfully. The campaign leveraged innovative gameplay – “24/7 mining” and “up to 110% fee rebates” – to ignite significant trading enthusiasm for traditional finance assets within the crypto market.

HTX’s official data reveals impressive results: the campaign generated a total trading volume of 63.37 million USDT, crowned a top winner claiming 5,206 USDT in rewards, and collectively saved users 22,238 USDT in trading fees. These achievements underscore the event’s effectiveness in enhancing the user trading experience and reducing trading costs.

Amid current market volatility, HTX’s TradFi perpetual futures contracts offer users an excellent hedging and cross-market investment tool. Through the “mining via trading” model, users can capture macro opportunities such as surging U.S. equities and gold volatility using familiar USDT capital without trading fee friction.

Enjoy Negative Trading Fee Rates 24/7

Official data reveals that the inaugural “Trade to Earn” campaign generated a robust trading volume of 63.37 million USDT. Over the campaign period, the platform distributed 23,477 USDT in rewards while saving traders 22,238 USDT in fees (an equivalent of roughly 1.8 billion $HTX). These impressive metrics highlight HTX’s trading innovations with negative fee rates and 24/7 continuous rewards.

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During the campaign, users trading designated TradFi perpetual futures contracts earned $HTX rewards of up to 110% of their actual trading fees incurred. This means the platform not only covers all trading costs but also provides additional rewards, transforming trading costs from an expense into profit and truly achieving “the more you trade, the more you earn.” Additionally, the platform offered a daily prize pool of 6,000 USDT, distributed hourly to ensure round-the-clock incentives.

Notably, the campaign-designated trading assets span a diverse range of core TradFi instruments: from safe-haven and inflation-hedging tools like gold (XAU) and crude oil (USOIL), to major indices like the Nasdaq (QQQ) and tech giants including NVIDIA (NVDA) and Microsoft (MSFT). This diverse selection of assets offers users versatile macro allocation, hedging, and cross-market trading opportunities, further expanding practical use cases at the intersection of Web3 and traditional finance.

Fees for $HTX Buyback and Burn, Constructing a Positive Cycle of Trading and Ecosystem Value

Beyond trading rewards, another standout feature of this campaign is its deep integration of user trading activity with $HTX ecosystem value.

During the campaign, all trading fees generated from designated TradFi contracts were allocated to buy back $HTX tokens, with buybacks executed and burned according to the platform’s quarterly burning schedule. This mechanism links platform trading growth with $HTX value creation, continuously incentivizing user participation while reinforcing the token’s deflationary characteristics. This fosters a positive cycle: “trading growth – token buyback and burn – value accumulation.”

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With the first campaign successfully concluded, HTX’s second-phase TradFi “Trade to Earn” is now in preparation. The campaign will continue to adopt negative-fee trading and 24/7 rewards, while further expanding access to popular TradFi asset trading scenarios. This will enable users to capture global market opportunities while continuously enjoying the innovative experience of “trading as earnings.”

Looking forward, HTX will leverage more diverse products, increasingly competitive incentives, and an enhanced ecosystem to drive deeper integration between crypto and TradFi, delivering a more professional and efficient digital asset trading platform for global users.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

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To learn more about HTX, please visit https://www.htx.com/ or HTX Square , and follow HTX on X, Telegram, and Discord.

The post HTX’s First TradFi “Trade to Earn” Campaign Unleashes New Trading Momentum: Rewards Exceed $23,000, Fee Savings Reach 1.8 Billion $HTX appeared first on BeInCrypto.

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Russia Targets Telegram Founder Pavel Durov With Terrorism Charges

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Iran Closes Strait of Hormuz, Shattering Fragile Ceasefire

Russia has escalated its long-running dispute with Telegram by charging founder Pavel Durov with facilitating terrorist activities and issuing an international arrest warrant, marking one of the most significant legal actions yet against the messaging platform’s billionaire founder.

The move comes as governments worldwide intensify pressure on technology platforms over content moderation, encryption, and their responsibilities in preventing criminal activity. The latest accusations also add to Durov’s ongoing legal challenges outside Russia, including an active investigation in France.

The post Russia Targets Telegram Founder Pavel Durov With Terrorism Charges appeared first on BeInCrypto.

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Bitcoin rises toward $64,000 amid Korea’s record chip crash

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South Korean authorities mandate unified crypto withdrawal delays to curb fraud

Bitcoin climbed 1% to about $63,800 on Wednesday while Asian equity markets suffered one of their worst stretches of the year, the second time in a seven-day period that crypto has held through a sharp unwind in the artificial intelligence trade.

The majors moved with it. Ether rose 1% to $1,899, XRP added 2% to $1.07, BNB gained to $567, solana held at $73, and dogecoin edged up. Hyperliquid’s HYPE was the only major in the red, down 3% to $54.

The damage in equities was concentrated in chipmakers. South Korea’s benchmark tumbled 11%, following an 11% drop on Tuesday and putting the index on course for a record two-day decline. SK Hynix fell about 17% after reporting a 557% surge in quarterly profit that still came in below expectations, and

Samsung slid 12% ahead of its own results on Thursday. The MSCI Asia Pacific index dropped 2% to its lowest since mid-April, and Nasdaq 100 futures fell 1%, extending a five-day losing streak for the tech-heavy gauge, its longest this year.

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