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Industry

Samsung Electronics begins preorders for Galaxy Z8 and Watch Ultra2, Watch9

Samsung Electronics will begin preorders for its eighth-generation foldable smartphones and new smartwatches. The company said preorders for the Galaxy Z Fold8 Ultra, Galaxy Z Fold8, Galaxy Z Flip8, Galaxy Watch Ultra2 and Galaxy Watch9 will run from July 28 to Aug. 3 at Samsung stores, Samsung.com and mobile carrier outlets. Official domestic release is Aug. 7, with early buyers able to receive and activate devices from Aug. 4.

Crypto

Most new coins since 2024 fail to hold even TGE price, data show

More than 90 percent of crypto projects launched since 2024 with market capitalisations above $100 million have failed to regain their listing prices, data showed. CryptoRank found only 8 of 113 tokens released from 2024 to 2026 traded above their token generation event (TGE) prices, while the median return was -95.7 percent. Hyperliquid was a notable outlier. Separate research from Memento Research and Delphi Digital reported similar post-listing declines.

Crypto

Morpho launches fixed-rate lending protocol on Base

DeFi protocol Morpho has launched Midnight, a fixed-rate and fixed-maturity lending protocol, on the Base mainnet. The product adds maturity-based lending to Morpho Blue, its variable-rate lending market. Midnight lets lenders and borrowers propose interest rates, maturities and other terms directly, with loans set by competing offers rather than utilization curves or algorithmic pool pricing. It initially supports cbBTC and USDC across multiple maturities.