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Loopring has halted all DEX trading and shut down its Relayer services, entering a winding-down phase. The team cited technical limitations and evolving ecosystem as key reasons. User assets will be automatically returned by the team without requiring user action.
Read MoreSouth Korea's inflation is forecast to rise 3.2% in June, marking a second consecutive month above 3% and well above the central bank's target. Rising raw material costs and a weak won are fueling price pressures, strengthening the case for imminent interest rate hikes.
Read MoreU.S. spot Bitcoin ETFs faced massive outflows, with a net $1.79 billion withdrawn in the week ending June 26—the second-largest weekly exodus on record. This marks the seventh consecutive week of net outflows, signaling sustained selling pressure and shifting investor sentiment.
Read MoreCitigroup analysis suggests Apple's reported interest in CXMT's DRAM chips could transform the Chinese firm from a domestic alternative into a credible global player. This endorsement may solidify its position as the world's fourth-largest DRAM manufacturer and boost its entire supply chain.
Read MoreMomenta, a global physical AI leader, has launched its Hong Kong IPO aiming to raise ~HK$5.89B. Backed by 14 cornerstone investors including GIC and Fidelity, it has achieved >80% CAGR revenue growth over three years, with its R7 World Model enabling large-scale deployment in autonomous driving.
Read MoreSouth Korea's KOSPI index tumbled following reports of Samsung and SK Hynix's decade-long $1.3 trillion investment plan. While causing short-term volatility, analysts see long-term benefits for the semiconductor supply chain and related sectors like power equipment, highlighting the market's heavy reliance on chipmakers.
Read MoreCICC's latest report notes the AI investment theme is expanding from crowded core segments like semiconductors to upstream materials and infrastructure. As the AI trend strengthens, sectors like minor metals, electronic fabric, and optical fiber are gaining attention due to more attractive valuations, representing a style diffusion rather than a broad market shift.
Read MoreCICC research indicates South Korean stock market leverage has reached a historical peak of 2x-5x. While relative metrics aren't extreme, high leverage could amplify volatility and create liquidity pressure, with margin calls possible if markets fall 16-36%. Long-term trends remain fundamentals-dependent.
Read MoreShenzhen Basic Semiconductor has filed for a Hong Kong IPO, offering 27.4 million shares at HK$27.49 to HK$31.62 each to raise up to HK$866 million. Trading is expected to commence on July 8, with proceeds earmarked for SiC power device development and capacity expansion.
Read MoreBinance founder CZ discusses the multifaceted causes behind the 2026 crypto downturn and shares strategic adjustments for the US platform, including liquidity integration plans. He also comments on his evolving role and the current state of US crypto legislation.
Read MoreOn June 29, South Korea's benchmark KOSPI index fell sharply, dropping 2% to 8,342.96 points. The sell-off reflects growing market anxieties over global economic uncertainty, interest rate outlooks, and external risk factors. This article analyzes the drivers and implications of the decline.
Read MoreJapan's retail sales grew 1.9% in May, marking a third consecutive monthly increase. The rise, driven by wage gains and government subsidies, significantly exceeded forecasts. Year-on-year sales surged 5.3%, indicating strengthening domestic consumer momentum.
Read MoreThe BIS Annual Economic Report warns that rising public debt, financial vulnerabilities, and questions over the AI boom's sustainability are amplifying global risks. It urges coordinated, prudent policymaking to safeguard stability despite current economic resilience.
Read MoreChina's State Council issued a new five-year employment strategy, prioritizing gig and new forms of work. The plan aims to expand opportunities and safeguard rights for over 200 million flexible workers, focusing on platform accountability, worker consultation, and standardized employment relationships.
Read MoreRichmond Fed President Barkin noted the May core PCE rose 4.1% year-on-year, well above the 2% target. He warned inflation has spread beyond energy, with sticky service prices, AI infrastructure demand, and corporate pricing behavior posing persistent upside risks. The Fed remains data-dependent amid internal policy divisions.
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