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Kiwoom Securities is in talks to acquire a stake in Bithumb, South Korea's second-largest crypto exchange. The move responds to upcoming ownership limits and shareholder pressure, highlighting a broader trend of traditional brokerages entering the digital asset space.
Read MoreCopper prices fell for a second week, with London three-month futures near $13,300 per ton. The Fed's hawkish signals for more rate hikes to combat inflation and a surging U.S. dollar weighed on industrial metals. While long-term demand from EVs, renewables, and AI remains supportive, near-term macro pressures dominate.
Read MoreOn June 29th, FTSE China A50 Index Futures rose notably by 1%, drawing market attention. This analysis explores key drivers behind the surge, such as policy expectations and improved economic signals, and its implications for China's core equities.
Read MoreBitcoin has surged past the critical $60,000 level, currently trading at $60,002.92. Despite this gain, the market shows significant volatility with a 0.33% drop over 24 hours. This article explores the implications of this price movement and essential risk management strategies for investors.
Read MoreBaidu's AI chip subsidiary Kunlunxin is planning a Hong Kong IPO, targeting a valuation around $50 billion. This news drove Baidu's stock price up nearly 9%. Tencent is confirmed as a client, with ByteDance also evaluating its chips.
Read MoreOn June 29, the STAR 50 Index experienced dramatic volatility, surging over 4% to a record high before reversing sharply to close in negative territory. The pullback highlights profit-taking pressure and weakness in key tech components, raising questions about near-term momentum.
Read MoreCoinbase CEO Brian Armstrong revealed the company reduced AI costs by nearly 50% despite growing token usage. Key strategies included model optimization, intelligent routing, enhanced caching, refined context management, and improved cost visibility.
Read MoreSamsung Electro-Mechanics is finalizing a major MLCC supply contract worth around 500 billion KRW for AI servers with a US tech giant. Concurrently, it plans to formally establish a glass substrate joint venture with Sumitomo Chemical, with a total investment of 500 billion KRW, where Samsung will hold a controlling stake.
Read MoreA robotics startup has completed multiple funding rounds in just over two months, achieving a post-C-round valuation exceeding RMB 20 billion. The investment consortium includes over 30 top-tier institutions like the National AI Industry Investment Fund and Sequoia China, with Xiaomi participating consecutively. This signals intense capital interest in intelligent robotics.
Read MoreAmerican Express is recruiting a VP for Stablecoin & Blockchain Strategy in New York. This senior role will shape the company's strategy in programmable money, stablecoin payments, and blockchain infrastructure, driving partnerships and key projects from concept to launch.
Read MoreChina's Ministry of Commerce has placed 20 Japanese entities, including defense research institutes, on an export control list. This action aims to safeguard national security and fulfill non-proliferation obligations. Exports of dual-use items to these entities are prohibited, with exceptions requiring special approval.
Read MoreThe Reserve Bank of New Zealand is widely expected to hold rates steady in July. Analysts cite falling oil prices and resilient demand as key factors, suggesting the economy has slowed but remains on track, making a pause the prudent choice.
Read MoreAmid volatile global precious metals markets, major Chinese banks are tightening rules for personal gold trading services. Measures include raising margin ratios and revising terms, with some banks phasing out these services entirely. Investors should review their positions and stay updated on policy changes.
Read MoreOn June 29, major A-share indices turned positive, with the ChiNext Index leading gains at 1.61%. Market strength was concentrated in semiconductor chips, nuclear fusion, and industrial gases, with nearly 1,600 stocks advancing across the three major exchanges.
Read MoreSouth Korea's inflation is forecast to rise 3.2% year-on-year in June, marking the second consecutive month above 3%. Soaring raw material costs and a weak won are key drivers, increasing pressure for the Bank of Korea to raise interest rates soon.
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