Syz the moment

Threads app has hit the milestone of 100 million users in the first five days of its launch, making it the fastest-growing consumer application in history. Threads beat ChatGPT's record by a wide margin, which achieved the milestone in two months. On the first day of Threads' launch, Meta co-founder Mark Zuckerberg announced the milestones of 2 million, 5 million, and 10 million users. It took Threads two hours, four hours, and seven hours, respectively, to cross these milestones. source : reuters

Crypto trading volumes rose in June for the first time in three months amid optimism following the filing of spot bitcoin exchange-traded-fund (ETF) proposals by BlackRock and other asset managers The combined spot and derivative trading volumes on centralized exchanges climbed 14% to $2.71 trillion, according to a report by CCData. This was the first monthly increase in trading volume since March, said the report. Among other high-profile U.S. institutions that filed or refiled last month with the U.S. Securities and Exchange Commission (SEC) for spot bitcoin ETFs were Fidelity, Invesco and WisdomTree.

Source : CCData, Coindesk

Yahoo, the Dotcom sensation that was delisted in 2017 following its acquisition by Verizon, is reportedly considering a re-listing. Yahoo CEO Jim Lanzone has said he intends to take the company public again, as the Internet services company looks to return to its glory days, the Financial Times reported, citing an interview with the executive. The latter stressed that the company was ready for the planned IPO. Yahoo is "financially ready", with an excellent balance sheet, he is quoted as saying, while stressing that the company is "very profitable". Source : Financial Times

Moments later, OPEC+ ally Russia announced it would "voluntarily" extend its August oil export cut by 500,000 barrels a day to ensure oil market balance, Deputy Prime Minister Alexander Novak said in a statement. The 1 million-barrel-per-day Saudi production cut that began this month - in addition to existing OPEC+-agreed restrictions - will continue into August and could be extended, according to a statement issued by the state-run Saudi Press Agency. The cuts will take the kingdom's production to around 9 million barrels a day, its lowest level for several years. Source: zerohedge

Apple Maps launched a new parking feature that provides users with parking options and availability near a specific destination. In partnership with the digital parking reservation platform, SpotHero, Apple Maps users across the U.S. and Canada can now get parking information for over 8,000 locations. To use the new feature, launched late last week, iPhone and Mac users can search for a destination in the Apple Maps app and then select “More” and “Parking.” They’re then directed to the SpotHero website without leaving Apple Maps. Users can search for nearby parking and reserve a space using SpotHero’s secure payment options, the parking platform claims. Source : techcrunch

While inflation starts to cool down in the US and Europe, it is soaring in Japan. Source: Wall Street Silver