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MicroStrategy's Michael Saylor explains the core strategy behind acquiring 175,000 Bitcoin during the recent bear market. He highlights the "holy trinity" of capital, credit, and currency, emphasizing digital credit as the key enabler for unlocking trillion-dollar opportunities and executing large-scale strategic purchases.
Read MoreThe UK's National Grid has invested $17.5 billion in US AI energy firm Jouleent, signaling a major shift towards AI-driven grid management. The investment aims to optimize operations and integrate renewable energy, accelerating global smart grid adoption.
Read MoreLeading OSAT provider ASE has raised prices for advanced packaging by up to 20%, affecting technologies like CoWoS and FoCoS. The increase reflects rising material costs and higher capital expenditures, signaling tight capacity and investment pressures in the semiconductor supply chain.
Read MoreBerkshire Hathaway has increased its stakes in Japanese trading houses Marubeni and Mitsui, crossing the 10% threshold in both. This move signals Warren Buffett's deepened confidence in Japan's core economic assets and highlights shifting global investment patterns.
Read MoreChancellor Merz stated Germany aims to strengthen weapons production cooperation with the United States. She emphasized this transatlantic partnership complements, rather than contradicts, Europe's goal of achieving greater strategic autonomy, seeking to enhance industrial efficiency and alliance interoperability.
Read MoreNearly 1,700 UK investors have launched a class action lawsuit against cryptocurrency exchange Binance and its co-founder Changpeng Zhao, seeking $200 million in damages. The lawsuit alleges that Binance sold unauthorized derivatives to UK retail investors since 2019, violating local financial regulations and raising serious compliance questions.
Read MoreFed Governor Waller is set to speak tonight, with markets expecting a consistent hawkish stance focused on inflation control. The key focus is how he addresses fiscal policy's impact on prices, which could sway rate hike expectations. His remarks are likely to maintain policy continuity while avoiding political commentary.
Read MoreAn analysis suggests recent hawkish Fed rhetoric on inflation may be a coordinated strategy with the Treasury to lower 10-year bond yields and reduce borrowing costs, revealing a complex interplay between policy communication and market expectations.
Read MoreFed Chair Wash speaks publicly tonight. Analysts expect no concrete forward policy guidance, as he prefers to reduce reliance on it. Focus should shift to his views on inflation assessment and economic drivers like oil prices, commodities, dollar strength, and AI cost spillovers.
Read MoreThe AI industry's focus is shifting from model competition to a scramble for computing infrastructure. The explosive growth of inference and agent applications is driving computing demands up by orders of magnitude, creating simultaneous pressure on GPUs, advanced processes, memory, power, and grid access. Securing these resources is now the ultimate competitive edge.
Read MoreIran is pursuing international recognition of its long-term control over the Strait of Hormuz, including toll collection rights, despite a recent temporary agreement with the US. Tehran views the interim deal as preserving its authority over maritime traffic and will prioritize this issue in future negotiations.
Read MoreCiti has cut its 12-month Bitcoin price forecast from $112,000 to $82,000, citing a shift to negative ETF fund flows as a key factor dampening near-term momentum and institutional sentiment.
Read MoreUBS analyzes new Fed Chair Wash's hawkish debut but cautions that market expectations for 2024 rate hikes may be too aggressive. The bank expects rates to hold steady and recommends locking in yields with quality bonds.
Read MoreUS employment data reveals the tech sector announced 15,503 job cuts in June. Notably, artificial intelligence was cited by employers as the leading cause of layoffs for the fourth consecutive month, signaling a profound shift in workforce strategy driven by AI adoption.
Read MoreA ship has reportedly grounded in the Strait of Hormuz after failing to follow Iran's designated 'approved' routes, with damage extent unclear. Iranian naval forces have repeatedly warned against unauthorized navigation in the Persian Gulf, highlighting ongoing risks in this vital global energy corridor.
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