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Economists: Despite surging oil prices, the Bank of England is expected to keep interest rates unchanged.

2 hours ago

Economists forecast that against the backdrop of renewed Middle East conflict and another surge in energy prices, the Bank of England will adopt a hawkish stance at this week’s meeting while keeping interest rates unchanged. Since the Monetary Policy Committee (MPC)’s last meeting in June, the collapse of the US-Iran ceasefire has pushed global oil prices back to near $100 per barrel, with European natural gas prices surging to their highest level since the start of the conflict. Oil prices could rise further if shipping lanes in the Gulf remain disrupted. The UK economy performed better than the MPC’s expectations in the early stage of the conflict, with GDP growing by 0.7% in the three months to May. There are few signs so far that the energy shock will trigger more persistent price pressures. The Consumer Price Index (CPI) has undershot expectations for three consecutive months, falling to 2.6% in June. Wage growth, a key source of inflationary pressure, has slowed, while food price increases have also eased. Economists say this will enable the MPC to hold interest rates at 3.75% at its Thursday meeting, while signaling it is prepared to tighten policy if energy prices rise sharply further or if one-off price shocks start to become more persistent.

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Storj’s token price has seen a continuous gradual decline, dropping 15% in the past 24 hours following its bankruptcy announcement.

According to HTX market data, Storj’s token price has been in a sustained downtrend after the project’s bankruptcy announcement, falling 15% in 24 hours. BlockBeats previously reported that Storj Labs, the parent company of decentralized cloud storage project Storj, has filed for voluntary Chapter 11 bankruptcy protection under U.S. bankruptcy code to resolve historical debts and continue operations.

3 minutes ago

Japan and South Korea's stock markets closed higher across the board.

According to Bitget market data, Japan’s Nikkei 225 index closed up 0.5% at 64,931.19 points. Japan’s TOPIX index rose 1.4% to end at 4,066.07 points. South Korea’s KOSPI index closed up 0.97% at 6,755.74 points.

3 minutes ago

Hyperliquid’s testnet has launched the ‘Stars’ feature, supporting whitelisted trading for HIP-3 DEX addresses.

Hyperliquid’s testnet recently rolled out a new feature dubbed "Stars". This feature introduces an optional transaction address whitelist mechanism for the HIP-3 DEX, enabling deployers to restrict opening or adding positions exclusively to whitelisted addresses. Currently, the testnet whitelist has a cap of 10,000 addresses; unauthorized addresses can still deposit funds into accounts and submit only position reduction orders to close or cut existing positions. Community analysts believe this feature is set to expand the HIP-3 DEX’s use cases. For instance, tokenized stocks, real-world assets (RWAs), institutional indices, and other regulated products can use the address whitelist to open trading only to users who have completed KYC or meet eligibility requirements. New markets can also be tested first with market makers, partners, or community members, reducing risks of spam trading, wash trading, or malicious manipulation in early market stages. The design allowing non-whitelisted users to continue reducing positions also prevents users from being unable to exit holdings due to permission limits. Notably, the "Stars" feature does not change Hyperliquid’s base layer permissionless nature—it adds an optional access control function that developers can enable or disable as needed. This means scenarios like DAOs, trading clubs, private funds, or partner-exclusive markets can build closed trading markets with access mechanisms while retaining Hyperliquid’s advantages in matching engines and settlement layers. The feature remains in the testnet phase, and the official has not announced its specific use cases. Future applications will need to be confirmed after the mainnet launch and further developer documentation is released.

3 minutes ago

WTI crude oil falls below $83 per barrel, down nearly 7% on the day.

According to Bitget market data, WTI crude oil has fallen below $83 per barrel, down nearly 7% on the day. Brent crude is currently down 6.6% at $86.99 per barrel.

3 minutes ago

Changxin Technology’s Pre-IPO pricing was extremely accurate, leaving the trade.xyz team quite shocked.

,trade.xyz 创始人 @sershokunin 于 X 平台表示,长鑫科技(CXMT)在 trade.xyz 的 Pre-IPO 价格发现实验效果优于预期。trade.xyz 团队成员 @0xmev 随后透露,CXMT 的 Pre-IPO 市场价格几乎完美贴合现货开盘价格,价格发现结果的准确性甚至超出了团队自身预期,对此感到惊讶。

3 minutes ago

Changxin Technology’s trading volume exceeded 130 billion yuan in the afternoon session, with a turnover rate of 61.5%.

According to market data, Changxin Technology recorded an afternoon trading volume exceeding 130 billion yuan, with a turnover rate of 61.5%, and is currently up 499%.

3 minutes ago