24/7 Blockchain industry dynamics and breaking crypto news
This Thursday's core PCE data may signal renewed inflationary pressure, potentially forcing the Fed to maintain a hawkish stance. This could boost the dollar and Treasury yields, further pressuring gold, which is already down nearly 10% this quarter – on track for its worst performance in a decade.
Read MoreChinese robotics firm Coowa Tech, backed by SoftBank, is reportedly preparing for a Hong Kong IPO filing in coming months. Valued at over $3 billion post-funding, it highlights growing investor interest in automation.
Read MoreOn June 22nd, Chinese A-share markets saw a broad afternoon rally, with the Shanghai Composite, Shenzhen Component, and ChiNext indices all climbing over 1%. Industrial sectors including lab-grown diamonds, fluorochemicals, and minor metals led the gains, reflecting renewed investor interest in material stocks.
Read MoreByteDance's board has decided to postpone its IPO plans, citing unrealized valuation potential. With eased regulatory pressure on TikTok's U.S. operations and growing monetization in AI, its gray market valuation continues to surge, approaching the $1 trillion milestone.
Read MoreBernstein reports that after a sharp rise, standard DRAM prices may continue climbing into 2027. Its per-bit pricing now matches or exceeds HBM, with significantly higher revenue and margins per wafer. HBM prices would need to roughly triple to catch up, but aggressive hikes could risk stifling AI ecosystem growth.
Read MoreSouth Korea's top financial regulators have concluded an internal review, stating that relaxing virtual asset regulations in the near term is not feasible. They clarified the policy direction is not shifting toward deregulation, and some industry proposals would require legal changes. No concrete easing plans are currently under consideration.
Read MoreOn June 22, South Korea's benchmark KOSPI index staged a dramatic reversal. After climbing over 2% during the session, momentum abruptly shifted, sending the index into negative territory. This volatility underscores the fragile market sentiment and rapid shift in investor positioning.
Read MoreOn June 22, the USD/JPY pair extended its gains, rising 0.23% to trade at 161.665. This article explores three key drivers behind the yen's weakness: divergent monetary policies between the US and Japan, shifting market risk sentiment, and the impact of crucial economic data.
Read MoreMorgan Stanley is steering data center developers towards leveraged loan financing instead of traditional bonds. Industry projections indicate this loan segment could reach around $15 billion this year, signaling a shift towards more flexible capital solutions.
Read MoreThe Independent Community Bankers of America has urged the Federal Reserve to reassess a crypto firm's limited-purpose account, citing fraud, money laundering, and legal risks. This reflects ongoing industry skepticism about granting crypto companies direct access to core banking infrastructure.
Read MoreJapan likely funded its record currency intervention last month by selling foreign securities from its reserves. Holdings plunged by $75.6 billion in May, a decline closely matching the scale of yen-buying operations, signaling an unconventional funding approach.
Read MoreKuwait Petroleum Corp. now requires buyers to collect naphtha cargoes directly from Persian Gulf ports and arrange their own shipping. This shift in delivery terms marks a recent first and may signal evolving logistics strategies around the Strait of Hormuz.
Read MoreMidday highlights: Arcium opens airdrop portal, Taiko pauses block production, SK Hynix surpasses Samsung in market cap. Policy shifts in Japan, updates on Anthropic models, and previews of key events including Davos and US PCE data.
Read MoreA new report reveals the capacitor industry's critical role in the AI compute era, drawing parallels with the value re-evaluation of memory chips. Systemic demand and supply constraints signal a significant growth opportunity for capable domestic manufacturers.
Read MoreJD.com founder Richard Liu announced at an APEC forum the full opening of its AI technologies to global partners. He criticized technical barriers as a form of ‘exploitation’ and called for international AI collaboration. JD is leveraging its real-world logistics data to train a large-scale model for better understanding of the physical world.
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