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On June 29, the onshore renminbi closed at 6.7929 against the US dollar, rising 68 basis points from the previous session. The movement reflects broader market dynamics including economic indicators and monetary policy expectations. This article examines the day's performance and key influencing factors.
Read MoreOn-chain data reveals a major crypto whale withdrew 340 BTC, valued at approximately $20.34 million, from Binance. This substantial accumulation is part of a recent pattern, fueling speculation about smart money positioning during market volatility.
Read MoreGoldman Sachs strategists predict another robust US earnings season, driven by solid economic fundamentals and surging AI investments. AI infrastructure stocks are expected to lead growth, with S&P 500 profits likely surpassing analyst forecasts.
Read MoreSpaceX (SPCX.O) shares rose over 1% in pre-market trading on June 29. The uptick follows news of the company's upcoming inclusion in the Nasdaq 100 index, effective July 7. This move is expected to enhance the stock's liquidity and institutional investor profile.
Read MoreRobert Kiyosaki, author of "Rich Dad Poor Dad," reaffirms his bullish long-term outlook on gold, predicting it could reach $35,000 per ounce within five years. He emphasizes that real profit is made at the point of purchase, not sale, and that savvy investors focus on future opportunities amidst market fluctuations.
Read MoreSK Hynix will rely on operational cash flow for new plant financing, adjusting plans flexibly based on market conditions. The company also considers global site selection and phased production.
Read MoreA notorious whale, famous for shorting altcoins and profiting $13.68 million, appears to be selling ETH at a loss. The address deposited 6,860 ETH to Binance, potentially facing a $2.86 million loss on this single move. Since late June, its transferred ETH holdings suggest total losses could exceed $5.48 million.
Read MoreSouth Korea's government confirmed that Samsung and SK Hynix's overseas investment strategies remain unchanged. Concurrently, plans are accelerating for a new domestic semiconductor cluster, with supporting infrastructure like power plants potentially starting earlier, aiming for completion during President Lee's term.
Read MoreChinese memory chipmaker ChangXin Memory Technologies (CXMT) has signed a long-term DRAM supply agreement worth over $2.9 billion with Tencent, according to Reuters. The deal, spanning multiple years, strengthens CXMT's market position and underscores progress in China's domestic semiconductor supply chain.
Read MoreSamsung Electronics has announced a monumental investment plan totaling 2655 trillion won. A significant portion, 2030 trillion won, is earmarked for developing semiconductor industry clusters in Yongin and Pyeongtaek, South Korea, signaling a major strategic push to solidify its technological dominance.
Read MoreCitibank strategists have raised their year-end forecast for the 10-year Treasury yield to 3.9%, up from 3.75%. Despite near-term pressures, the bank maintains a medium-term bullish stance on US Treasuries, suggesting markets may be overpricing risks and creating opportunities for long-term investors.
Read MoreOn-chain data reveals that the Aster team may have intentionally burned approximately 2.94 million ASTER tokens, valued at around $1.85 million. This significant token burn has sparked market discussions regarding the project's strategic intentions and its potential impact on tokenomics.
Read MoreNearly 20 global analog and power semiconductor companies will implement a new round of price increases starting July 1. Driven by rising wafer foundry costs and surging demand for power chips from AI data centers, market share is expected to consolidate further towards leading firms with full supply chain advantages.
Read MoreLenovo Group has significantly raised its growth forecast for the server segment within its infrastructure business. Internal estimates show confirmed delivery revenue from just two major clients next year is nearing 200 billion yuan, far exceeding previous long-term targets. The company recently secured an even larger new framework agreement, indicating substantial market potential.
Read MoreBinance will delist HOT (Holo) and THE (THENA) from leverage trading and borrowing services on July 3, 2026, at 18:00 (UTC+8). This article explains the implications for users, key dates, and recommended steps for asset management.
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