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Citigroup forecasts short-term gold target price at $4,500

1 hours ago

Citibank said its baseline scenario indicates that despite the third quarter historically being a peak period for seasonal restocking, India’s gold imports will remain sluggish in Q3. The factors driving this include ample scrap supply, cautious consumer sentiment, and local price discounts, which are suppressing demand for new imports. However, Citibank has set its short-term gold price target for the 0 to 3 month window at $4,500. The bank explained that this target is premised on two assumptions: easing tensions in the Strait of Hormuz and the Federal Reserve adopting a less hawkish stance. It also noted that numerous short-term risks could still trigger another dip in gold prices, including major geopolitical escalations, AI-driven de-risking operations, and the Fed maintaining a hawkish position. (Jin10)

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Bithumb will suspend deposit and withdrawal services for NEO and GAS to support the NEO N3 network upgrade.

According to an official announcement, to support the NEO network upgrade and maintain stable deposit and withdrawal services, deposit and withdrawal functions for NEO (NEO) and GAS (GAS) assets will be temporarily suspended. The suspension covers NEO and GAS on the NEO N3 network. The relevant deposit and withdrawal services are expected to be suspended at 18:00 KST on July 31, 2026, and will resume after network stability is confirmed; the specific resumption time will be notified via subsequent announcements. The suspension is to support the NEO network upgrade and Bithumb’s node server update. The NEO network upgrade is scheduled to take place at 01:00 KST on August 1, 2026, targeting block height 12,020,000. During the upgrade, trading functions for the relevant assets remain unaffected, though users should note potential market fluctuations during network maintenance. Pending deposit and withdrawal requests submitted earlier will be processed in sequence after system confirmation.

4 minutes ago

ZuriQ completes $25.5 million seed round to advance development of its novel quantum chip architecture.

ETH Zurich spin-off startup ZuriQ has announced the completion of a $25.5 million seed round. The company is dedicated to developing a novel quantum chip architecture, which is claimed to offer stronger scalability than existing solutions, and is expected to accelerate the large-scale development of the quantum computing sector.

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South Korea's sluggish stock market has driven retail investors to shift to the US stock market, with net purchases exceeding 5 trillion won this month.

According to South Korea's Seoul Economic Daily, amid the continued downturn in the South Korean stock market, domestic investors have once again shifted to US equities, with net purchases exceeding 5 trillion won this month. Data from Seibro, the securities information portal of the Korea Securities Depository & Clearing Corporation, shows that between the 1st and 27th of this month, South Korean investors' net purchases of US stocks totaled $3.58999 billion, roughly 5.5 times the net purchases for the entire month of June. As of the 23rd, net purchases stood at only $2.53026 billion, but rose by $1.05973 billion in the subsequent two trading days. Retail investor funds are mainly concentrated in semiconductor and technology stocks. The most purchased product this month is the Direxion Daily Semiconductor Bull 3X ETF, which tracks the Philadelphia Semiconductor Index, with net purchases reaching $1.75919 billion. SK Hynix ADRs have also remained highly sought-after, with net purchases climbing to $812.38 million as of the 27th.

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Yesterday, Bitcoin spot ETFs posted a net outflow of $11.6 million, while Ethereum spot ETFs saw a net inflow of $11.7 million.

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4 minutes ago

SOON has completed its security incident review, confirming that neither the protocol nor user assets were affected, and its mainnet RPC has been restored.

Solana Optimistic Network (SOON) announced that the security incident detected on July 12 has been fully investigated and resolved. The incident did not involve vulnerabilities in the SOON protocol, sequencer, or user-facing smart contracts, and no user funds were lost. SOON noted the root cause was a security issue in its off-chain operational environment. According to third-party security firm BlockSec, external attackers gained unauthorized access via a misconfigured service, then penetrated parts of the internal environment due to insufficient access controls. The incident was limited to certain operational infrastructure and related processes, with no impact on on-chain user assets, user smart contracts, or SOON network security. Post-incident, SOON suspended its sequencer and some services and launched a full security review. During this period, functions including NFT minting, token claiming, and on-chain withdrawals were temporarily disabled. SOON restored NFT minting and token claiming on July 21, and resumed mainnet RPC services and block production on July 27. The network has now returned to normal operation.

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Binance Flash Swap will undergo regular system maintenance on August 2, expected to be completed within one hour.

According to an official announcement, Binance’s Flash Swap will undergo scheduled system maintenance at 07:30 (GMT+8, East Eight Zone Time) on August 2, 2026. During the maintenance window, users will be unable to place new Flash Swap orders or limit orders. Existing recurring investment orders may be skipped due to the system upgrade, and the maintenance is expected to be completed within one hour.

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