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Range, a stablecoin compliance infrastructure provider, has closed an $8.3 million Series A round led by fintech funds TX Ventures and SixThirty. The funding will accelerate its platform development to seamlessly connect stablecoin and traditional payment systems for enterprise clients.
Read MoreHong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) have launched a pioneering pilot project. It aims to introduce a digital payment solution for the after-hours trading session of the derivatives market, exploring the use of a wholesale Central Bank Digital Currency (CBDC) to enhance risk management and operational efficiency.
Read MoreGold Sachs executive Robert Kaplan warns the Federal Reserve could begin a series of interest rate increases as early as September if inflation remains elevated, suggesting a cycle of adjustments rather than a one-off move.
Read MoreStorage stocks rallied in pre-market trading as analysts significantly raised price forecasts for DRAM and HBM. Memory is becoming the most critical component in AI hardware, with its value share expected to surge dramatically.
Read MoreRecent analysis by BTC.TOP's Jiang Zhuoe suggests MSTR, the largest corporate Bitcoin holder, faces no immediate default risk and can sustain dividends for decades. However, his remarks reveal underlying concerns: its preferred shares are severely depegged, and its current Bitcoin acquisition strategy is unsustainable, reflecting cautious market outlook.
Read MoreRecent shipping data reveals three Saudi-flagged VLCCs carrying approximately 6 million barrels of crude oil successfully transited the Strait of Hormuz. This movement highlights ongoing energy exports from the region.
Read MoreAI cloud service provider Nebius saw its pre-market stock rise over 5% following the completion of its $643 million full acquisition of Eigen AI. The deal aims to enhance its AI product offerings and establish a North American R&D center, strengthening its global footprint.
Read MoreMultiple government departments have jointly issued an implementation plan featuring 17 specific measures. These initiatives aim to deeply integrate AI with both product and service consumption, making intelligent technology more accessible in households and businesses to enhance the quality of life.
Read MoreOn June 18th, Zhongji Xuchuang's stock surged over 6% in the afternoon, pushing its total market value beyond 1.52 trillion yuan. This historic move saw it overtake Kweichow Moutai to secure the ninth position among A-share listed companies, highlighting shifting investor focus.
Read MoreOn June 18th, Hong Kong-listed AI firm Zhipu (2513.HK) surged over 22% in late trading, hitting a record high of HK$2,038. This rally pushed its market valuation past HK$900 billion, highlighting robust investor confidence in its AI technology.
Read MoreU.S. strategic petroleum reserves are depleting at a startling rate, with a key hub reaching historic lows. This threatens global energy stability and market pricing, signaling potential supply chain disruptions and geopolitical shifts ahead.
Read MoreChina's MIIT and six other ministries have issued an action plan to foster collaboration between large and small enterprises in the platform economy. It guides platform companies to innovate in AI, including general-purpose and industry-specific large models, and intelligent agents, while advancing breakthroughs in high-end chips and next-gen operating systems.
Read MoreOn June 18, Cambricon's stock surged over 16%, hitting a record high with its market cap nearing one trillion yuan. Market focus centers on procurement dynamics of domestic AI chips, with recent rumors suggesting increased purchases by internet giants. The company clarified that circulated internal meeting notes are inaccurate, urging investors to rely on official information.
Read MoreHong Kong's global competitiveness has climbed to second place in the latest international rankings, marking its highest position since 2019. This three-year consecutive rise highlights the city's economic resilience and dynamic business environment.
Read MoreFour digital assets have been placed under review and added to a watchlist due to market performance and compliance checks. This indicates elevated volatility and potential risks, with continuous monitoring for future listing status adjustments. Caution is advised for traders.
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