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SpaceX's post-IPO stock surge to become a top-five global company by market cap has analysts concerned. The rally, despite uncertain profitability and execution risks, is seen as a potential bubble signal for the broader tech sector.
Read MoreProminent investor Serenity criticizes Wall Street firm Bernstein's research accuracy, citing flawed calls on Kioxia and Intel. He warns retail investors that such reports may prioritize institutional positions over client interests, urging independent analysis.
Read MoreSingapore's top financial regulator highlights that AI now heavily influences global equity valuations, but the revenue returns from AI remain highly uncertain. Rising energy and chip costs, alongside rapid AI adoption, pose economic and security risks.
Read MoreChina's offshore yuan continued its upward trajectory against the US dollar on Monday, closing at 6.7569 with a 5-basis-point increase. The movement underscores the currency's growing resilience amid global market fluctuations, supported by solid domestic economic fundamentals.
Read MoreInvesco's strategist argues global investors still view China through an outdated lens, underestimating its tech prowess in AI, biotech, and advanced manufacturing. He warns waiting for broader economic acceleration may mean missing key structural opportunities in policy-backed sectors.
Read MoreBinance will cease support for deposits and withdrawals of BitTorrent (BTTC) and TRON (TRX) tokens via the BNB Smart Chain starting June 24, 2026, at 16:00 Beijing Time. Users must utilize alternative supported networks to avoid potential asset loss.
Read MoreA senior official from the People's Bank of China emphasized the need to build a secure and efficient global payment infrastructure. This involves enhancing connectivity between central bank systems and cautiously evaluating new payment tools. Close attention must be paid to stablecoins' impact on the monetary system and cross-border payments, with improved regulation to foster inclusive and resilient international finance.
Read MoreBeijing Zhipu Huazhang Technology has reached a key milestone in its STAR Market IPO process. Regulatory filings show its tutoring status has advanced to "tutoring acceptance," entering the final pre-listing review phase, with Guotai Haitong Securities as its sponsor.
Read MoreByteDance is reportedly shifting its AI resource allocation from mass consumer products towards enterprise services. While consumer-facing products like Doubao incur high computing costs with limited revenue, the company's enterprise service arm has demonstrated strong commercial viability with billions in annualized revenue, offsetting costs and driving new growth.
Read MoreThe market's attention is fixed on the Fed's new Chair, Kevin Walsh, ahead of his first press conference. Analysts expect a restrained communication style as policy rates are projected to hold steady between 3.50% and 3.75%.
Read MoreChina's Foreign Ministry spokesperson Lin Jian responded to reports that the US Commerce Department delayed adding Chinese firms to export control lists, opposing US weaponization of trade and technology and urging an end to political manipulation.
Read MoreGold prices traded flat on Wednesday morning. The market is focused on a potential geopolitical accord and upcoming Federal Reserve guidance. While easing inflation could pressure gold, lingering uncertainty offers support, with futures edging slightly lower.
Read MoreAhead of the MiCA compliance deadline, a major institutional custodian has launched a transition solution for European crypto firms. It allows companies to leverage its already-licensed infrastructure to meet requirements while maintaining client relationships, offering a lifeline to firms racing against the regulatory clock.
Read MoreBitcoin prices dipped slightly as investors turned cautious ahead of the Federal Reserve's policy announcement. While rates are expected to hold steady, focus is on the new chair's stance. Geopolitical tensions also contributed to market uncertainty.
Read MoreOn June 17, WTI crude oil futures fell sharply, breaking below the key $75 per barrel level for the first time since early March, with an intraday drop exceeding 2%. The decline highlights growing market concerns over supply-demand dynamics and broader economic conditions, signaling potential increased volatility in the energy sector.
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