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Kepler data shows 24 tankers and merchant vessels transited the Hormuz Strait on June 29, indicating continued activity in this vital global energy shipping corridor. The figures provide insights into crude oil supply chain stability.
Read MoreEight Chinese ministries jointly issued an implementation plan to advance high-quality industrial internet development. By 2030, China aims to deploy 50,000 industrial 5G private networks, achieve full coverage across 207 industrial categories, and foster distinctive 5G factories. The goal is to deepen integration, build world-class platforms, and drive core industry value-added beyond 2.5 trillion yuan, solidifying its role as a key component of new quality productive forces.
Read MoreOKX has launched OKX.AI, a decentralized platform for the AI Agent economy, enabling tasks, payments, and collaboration between Agents. Founder Star envisions a future where the world reorganizes around Agents, freeing humans to focus on creativity and unique value, empowering individuals to compete globally.
Read MoreJ.P. Morgan has expanded its blockchain platform Kinexys to support eight currencies, adding the Australian dollar, Hong Kong dollar, Japanese yen, Chinese yuan, and Singapore dollar. This strategic move aims to enhance cross-border payment efficiency and accelerate its footprint in the Asia-Pacific region.
Read MoreSK Hynix is negotiating with equipment suppliers to procure around 200 semiconductor testing units, including HBM4 testers, for its Cheongju P&T7 plant. The order, valued at up to 400 billion won, signals a major investment in next-generation memory chip capacity.
Read MoreCrypto.com has appointed Iskandar Vanblarcum, a former executive from LSEG and Barclays Investment Bank, as Managing Director. He will lead institutional client expansion and oversee new regulated products like prediction markets and RWA offerings, starting with institutional event contracts.
Read MoreNVIDIA's robotics team has launched hiring across Beijing, Shanghai, and Shenzhen, targeting talent in embodied AI, simulation, deployment, and solutions. The move aims to develop next-gen general-purpose robots and accelerate AI integration into real-world industrial and service applications.
Read MoreZTE has established a new semiconductor technology company in Nanjing with a registered capital of 1 billion yuan, fully owned by its subsidiary. The firm focuses on integrated circuit and chip design, marking a strategic move to strengthen ZTE's in-house R&D capabilities in core hardware technologies.
Read MoreBNB has fallen below the crucial $550 support level, currently trading at $549.86 with a 0.44% drop over 24 hours. Market volatility has intensified, prompting analysts to advise traders to monitor key levels closely and prioritize risk management amid increased near-term uncertainty.
Read MoreAustralia's 'Travel Rule' for cryptocurrency transactions will be enforced from July 1, requiring regulated exchanges to collect sender and receiver details. The rules enhance transparency for all transfers, including to private wallets, marking a significant step in the country's crypto regulatory framework.
Read MoreThe yen has broken through the key 162 level against the dollar, raising questions about potential intervention. Analysts suggest authorities may be hesitant, preferring to assess if the dollar's strength is fundamentally driven. Speculative short positions are near six-year highs, with markets eyeing the 163-165 range.
Read MoreGermany's unemployment unexpectedly fell by 1,000 in June, defying forecasts of an increase. The adjusted jobless rate held at 6.3%, but officials note minimal market shifts, while economists warn that geopolitical tensions could delay hiring adjustments and push unemployment higher in coming months.
Read MoreA major Korean securities firm missed out on SpaceX's record-breaking IPO due to a critical communication error during share allocation. The firm apologized to clients and now faces a regulatory investigation into its internal processes, dealing a blow to its global investment banking ambitions.
Read MoreHong Kong's stock market saw sharp divergence on June 30. The Hang Seng Tech Index surged 1.8%, driven by tech and semiconductor stocks, while traditional sectors like energy and finance declined, dragging down the broader indices. Funds clearly rotated toward innovation-focused sectors.
Read MoreECB Governing Council member Pierre Wunsch indicated that the case for another rate hike is less compelling than in June. While not ruling out further tightening, he noted reduced urgency and emphasized prompt action if needed, expressing limited concern over secondary inflation effects.
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