24/7 Blockchain industry dynamics and breaking crypto news
On June 16, leveraged trading products linked to SpaceX exhibited remarkable activity during pre-market sessions, with one 2x long instrument soaring nearly 21%, drawing attention to the aerospace sector and high-volatility investment vehicles.
Read MoreDeFi protocol Pyra announces it will cease operations and gradually shut down, citing severe impact from a major security incident affecting its ecosystem. User withdrawals remain open while new registrations and existing payment cards are disabled. A web portal will launch for fund management as the mobile app closes.
Read MoreEthereum has surged past the $1800 mark, currently trading around $1801.73 with a 24-hour gain of nearly 4.8%. The market is experiencing heightened volatility, prompting calls for careful risk management among traders and investors.
Read MoreING analysis suggests if the BOJ delays further rate hikes after this week's move, the yen's weakness could persist. Negative real rates would reinforce its funding currency status, potentially pushing USD/JPY above 160.70 toward 161-162, raising intervention risks.
Read MoreGlobal tech giants are ramping up AI investments, heading toward a trillion-dollar era by 2026. High Bandwidth Memory demand is exploding, driving sustained price increases and transforming storage from a commodity into a strategic resource.
Read MoreD-Wave Quantum's stock rises pre-market following a significant gain. Mizuho Securities raised its price target after the company's analyst day, expressing optimism about its clear roadmap from quantum annealing to fault-tolerant gate-model computing. This reinforces its leading position for future industry growth.
Read MoreUBS has pushed back its forecast for the Federal Reserve's first interest rate cut to March 2027, later than its previous prediction. The bank now anticipates two 25-basis-point cuts in the first half of 2027, signaling a prolonged period of higher rates due to persistent inflation and economic resilience.
Read MoreSpaceX shares are on track for a staggering 50% surge in just three trading sessions, with market cap nearing $2.5 trillion. The company exercised its IPO over-allotment option, while massive retail investor buying has alleviated concerns about absorbing the large offering.
Read MoreThe new Fed Chair's first policy meeting is expected to hold rates steady, contradicting calls for cuts. Strong jobs data and geopolitical inflation pressures are narrowing the path to easing, with traders now eyeing potential future hikes.
Read MoreSpaceX shares soared over 10% in pre-market trading. If sustained, this could propel its market capitalization past Amazon, securing a spot among the world's top five most valuable public companies, following a staggering 42% rally over two prior sessions.
Read MoreSwiss bank experts highlight a global 'K-shaped' market divergence, where AI stocks surge while others lag. This widespread trend reflects tech revolution impacts, urging investors to adapt strategically.
Read MoreRussell Investment's latest analysis suggests that due to resilient U.S. economy and recovering labor market, the Fed faces greater difficulty in signaling rate cuts. The broad market consensus is that the Fed's current hiking cycle has likely ended.
Read MoreBank of Japan Executive Director Shinichi Uchida stated there is currently no proposal under consideration to raise interest rates by 50 basis points. This clarifies the central bank's cautious near-term policy stance, aiming to provide market stability and clear guidance.
Read MoreIran's Foreign Minister indicated that a new round of negotiations between Iran and the United States could soon take place in Switzerland, with the exact location still under discussion. This development marks a potential diplomatic opening amid ongoing tensions, drawing close international attention.
Read MoreThe Central Government Bond Clearing House plans to cut settlement fees for market makers from 20% to 25% off standard rates. This incentive, valid from July 2026 to December 2028, aims to lower trading costs and enhance bond market liquidity.
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