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Zhejiang Province emphasizes deepening the mutual empowerment between AI and fundamental research, guiding increased investment from enterprises and society. It aims to build a competitive innovation ecosystem through enhanced collaboration and improved evaluation mechanisms.
Read MoreBase has postponed its Beryl mainnet upgrade to ensure the B20 Activation Registry is fully operational. Developers must wait for the registry to go live before deploying B20 tokens. The upgrade also reduces withdrawal periods and integrates RethV2.
Read MoreInvestment flows into US stocks turned negative for the first time since March, with $8.5 billion exiting last week. Tech funds led the retreat, suffering a record $9.3 billion outflow, signaling a potential cooling in the AI-driven market rally.
Read MoreTraders are rapidly scaling back bets on further ECB rate hikes as falling oil prices ease inflation fears. Market pricing no longer fully prices in another 25bp hike by end-2026, marking a sharp shift in expectations over the past month.
Read MoreIran's Deputy Foreign Minister stated that safe navigation through the Strait of Hormuz requires coordination with Iran and adherence to existing agreements. Unilateral decisions or routes made without considering Iran's position as a coastal state are deemed unreliable and may be suspended, reinforcing Iran's pivotal role in the waterway's security.
Read MoreRussia is reportedly considering a months-long ban on diesel exports, amid geopolitical tensions and domestic energy infrastructure attacks. While May production fell, exports remained steady, primarily to Turkey and Brazil. A potential ban could reshape global fuel supply dynamics.
Read MoreBarclays sharply raised Micron Technology's price target to $200, a 70% increase, reflecting strong optimism about the memory chip sector's recovery driven by AI demand and supply discipline. This marks a significant bullish signal for the industry.
Read MoreMassive AI investments by tech giants are straining memory chip supply chains, driving up consumer electronics prices. Analysts warn this demand-driven shortage could persist for years, potentially passing costs to consumers and influencing broader inflation trends.
Read MoreFour early Ethereum wallets, dormant for eight years, recently initiated a massive ETH sell-off. Having received over 37,000 ETH at ~$830 in 2017 and holding through two bull markets, they sold over 33,600 ETH at ~$1,560, realizing ~$27.4M in profit. This move has sparked intense speculation about whale behavior and potential market shifts.
Read MoreJingjia Micro announced plans to provide loans totaling up to 900 million yuan from raised funds to its wholly-owned subsidiaries Jingmei and Jinyuan Zhi. The capital is earmarked for "High-Performance General-Purpose GPU Chip R&D and Industrialization" and "Advanced GPU Architecture R&D Center" projects, accelerating development without altering fund usage or requiring shareholder approval.
Read MoreOn-chain data reveals a whale opened a $73.76 million leveraged short position, including 40x leverage on Bitcoin. The massive bet highlights extreme risk-taking as markets watch for potential liquidation triggers.
Read MoreMorgan Stanley forecasts that by 2027, AMD's next-gen EPYC Venice server CPU shipments could hit 6.75 million units, surpassing NVIDIA's Vera processor by about 17%. The report also notes TSMC's CoWoS packaging capacity will see major growth, with NVIDIA remaining its top client.
Read MoreA major industry figure has proposed a $1.5 billion Bitcoin OTC deal between two large institutions. The plan would allow one to boost its cash reserves while enabling the other to significantly increase its Bitcoin holdings, creating a complementary and strategic win-win scenario that could reshape market rankings.
Read MoreUS stock funds recorded their first net outflow in three months at $8.5 billion, with tech sector funds leading the retreat by shedding a record $9.3 billion. This sharp reversal from the prior week's historic inflows signals a shift in investor sentiment towards fixed-income assets.
Read MoreAI-driven stock markets are growing increasingly fragile, analysts warn. A mix of leveraged retail exposure, overcrowded semiconductor bets, and shaky sentiment around chip demand has created a highly reactive environment. Geopolitical risks are now adding volatility, and crowded positions may struggle even with positive news during a broader market shift.
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