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Samsung earnings slump 56% amid struggles to catch SK Hynix in AI chip race
Samsung earnings slump 56% amid struggles to catch SK Hynix in AI chip race

Share link:In this post: Samsung’s operating profit fell 56% in Q2 2025 to 4.6 trillion won ($3.3 billion), missing analyst expectations. The drop was driven by inventory costs and delays in delivering advanced memory chips crucial for AI. Samsung is lagging behind SK Hynix and Micron in the high-bandwidth memory (HBM) chip market, especially for Nvidia’s AI accelerators.

Cryptopolitan·2025/07/08 10:00
Apple urges US appeals court to overturn Apple Watch ban
Apple urges US appeals court to overturn Apple Watch ban

Share link:In this post: Apple asked the US Court of Appeals to overturn a 2023 ITC ruling that banned imports of Apple Watches with blood-oxygen tracking technology. The ITC found that Apple infringed on Masimo’s pulse oximetry patents, leading to a ban on Apple Watch Series 9 and Ultra 2 imports in the US. Masimo claims Apple stole its technology after failed collaboration talks and defends the ITC ruling as proper.

Cryptopolitan·2025/07/08 10:00
Two Ethereum genesis wallets reactivate after 9 years, moving $2.9M in ETH
Two Ethereum genesis wallets reactivate after 9 years, moving $2.9M in ETH

Share link:In this post: Two Ethereum wallets from 2015 moved 1,140 ETH after nearly a decade of inactivity. Ethereum’s price rose following the Pectra upgrade that improved scalability. Bit Digital tripled its ETH holdings to over 100,000 coins.

Cryptopolitan·2025/07/08 10:00
US Proposes 10% Tariffs Trade Deal to EU
US Proposes 10% Tariffs Trade Deal to EU

The US has proposed a 10% tariffs trade deal to the EU, aiming to ease trade tensions, according to Politico.A New Proposal to Ease Trade TensionsWhat’s at Stake?A Shift in Trade Strategy?

Coinomedia·2025/07/08 09:15
Bitcoin Supply on Exchanges Hits New Low
Bitcoin Supply on Exchanges Hits New Low

Bitcoin supply on exchanges drops to a record low, signaling strong investor confidence and long-term holding.Investors Pull BTC Off ExchangesHODLing Season in Full SwingA Bullish Setup for BTC?

Coinomedia·2025/07/08 09:15
Flash
08:55
Economist: Powell's Favorite Unconventional Inflation Gauge "Unreliable," Hopes for Challenge
BlockBeats News, June 16th, Federal Reserve Chairman Powell once expressed a preference for adopting another inflation measure standard - the "trimmed mean PCE inflation," which excludes extreme values before calculating the weighted average. Boston College economics professor Brian Bethune stated that currently, the trimmed mean PCE is not the most reliable indicator. In short, when the inflation shock behaves similarly to the period of 2009-2019 (i.e., before the 2020 COVID-19 crisis), this indicator works best because there was a better balance between positive and negative shocks at that time. However, when price shocks mainly come from positive factors such as supply disruptions, tariffs, surging oil prices, or significant special sports events (like the World Cup), this indicator will underestimate inflation. "Therefore, it is hoped that someone can challenge him on this," Bethune said. But regardless of which indicator is referenced, U.S. inflation remains above the Fed's 2% target - has been so since the spring of 2021.
08:51
SPCX Ranks Among Top HIP-3 Markets with Trading Volume Exceeding $1.125 Billion
On the Hyperliquid platform, SpaceX tokenized stocks have become the highest trading volume HIP-3 market, ranking third in overall trading volume across the Hyperliquid platform. Data shows that SPCX has recorded a trading volume of $1.125 billion, making it one of the most actively traded HIP-3 assets in the current Hyperliquid ecosystem.
08:36
Institution: Walsh's true "reaction function" remains a mystery, and adapting to working with FOMC colleagues will be a key test
Golden Ten Data reported on June 16 that Walsh served as a Federal Reserve Governor from 2006 to 2011, when he was known for his “hawkish” stance. However, as a nominee for Federal Reserve Chair, he advocated lowering borrowing costs and predicted that AI-driven productivity gains and the Federal Reserve’s balance sheet reduction might act as forces restraining inflation. Darius Dale, founder and CEO of 42 Macro, stated, “I don’t think anyone truly knows what Kevin Walsh’s real ‘reaction function’ is at this point.” Another unknown is how much his colleagues on the FOMC will accept his “vision”. At his Senate confirmation hearing, Walsh said the Federal Reserve had “failed to deliver” on its promises. For years, Walsh has been a vocal critic of the Federal Reserve, sometimes quite sharply, which Dale believes could pose significant challenges for him in leading the institution. Additionally, Dale highlighted two important mentors in Walsh’s career—Stanley Druckenmiller and the late Milton Friedman. Walsh studied under two of the greatest economists in world history, whose views on how the economy works are very different from those of the current FOMC members. Some of the topics he will discuss might be things we haven’t heard from Federal Reserve officials in decades.
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