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Iran has established the "Persian Gulf Strait Authority" to strengthen control over the Strait of Hormuz. The new body will provide real-time updates and suggests future requirements for permits, oversight, and fees for submarine cables transiting the strategic waterway, potentially impacting global shipping and communications.
Read MoreVeteran semiconductor investor Gavin Baker highlights Amazon's Trainium as the most undervalued AI chip. Its Switched Scaleup Network is critical for cutting-edge MoE models, a capability only two companies possess. He predicts Trainium's market position will surge by 2026, potentially rivaling Google's TPU.
Read MoreKelp announced the successful liquidation of an attacker's positions through collaboration with multiple major DeFi protocols, marking a critical breakthrough in rsETH recovery. Compound provided substantial liquidity and coordinated with Aave, while Euler Finance executed internal liquidations, collectively recovering significant asset value and demonstrating enhanced ecosystem defense.
Read MoreOn May 19, the FTSE China A50 Index Futures experienced significant volatility, falling over 1% intraday. This move highlights sensitive market sentiment, potentially influenced by a mix of domestic and international factors, warranting close attention from investors.
Read MoreSouth Korea's benchmark KOSPI index plunged 4% on May 19, closing at 7,215.26 points amid a broad market sell-off. The sharp decline reflects growing investor concerns over global economic headwinds and external uncertainties impacting the region.
Read MoreCurvance has suspended its eBTC market on the Echo protocol after identifying operational anomalies. No evidence suggests a contract breach or attack. Other markets remain unaffected due to isolated architecture. The team is investigating with partners and will provide updates.
Read MoreRevolut has launched its first physical cryptocurrency card with a Dogecoin-themed design and LED lights. It works on Visa/Mastercard networks, debuting in the UK and select EEA regions with no extra fees, though exchange rates apply.
Read MoreJapan's economic minister warns that escalating Middle East tensions threaten the nation's fragile recovery. While strong wage talks and government support bolster growth, rising geopolitical risks and inflation pressures demand vigilant policy responses.
Read MoreU.S. Treasury data reveals a decline in foreign-held U.S. debt in March, led by reductions from Japan and China. China's holdings hit their lowest point since the 2008 financial crisis. While total foreign holdings remain above year-ago levels, the strategic shifts by major creditors signal evolving global economic dynamics.
Read MoreOn May 19th, the Chinese yuan's central parity rate against the US dollar strengthened by 60 basis points to 6.8375, marking its highest level since late March 2023. This continued appreciation trend has fueled market analysis and discussions regarding the yuan's future trajectory.
Read MoreRecent labor negotiations between Samsung Electronics' union in South Korea and company management have shown positive progress, with differences on key issues narrowing. This development paves the way for a potential agreement and is closely watched by the market.
Read MoreCapital Economics forecasts Japan's GDP growth will stall in the current quarter. While exports and investment provided early momentum, weakening government consumption and plummeting consumer confidence now pose significant headwinds, with temporary price caps offering limited relief.
Read MoreSouth Korea's Kospi index faced notable declines, pressured by weak US chip stocks and domestic bond yields hitting multi-year highs. Heavyweights like Samsung led the drop amid investor focus on wage talks. Market volatility intensified, with the small-cap index also swinging widely.
Read MoreOn-chain data reveals that the Ondo Foundation has transferred over 328 million ONDO tokens, valued at approximately $98.42 million, to major exchanges like Coinbase via a multi-signature wallet within just two months, sparking market speculation.
Read MoreSpaceX's upcoming IPO could value the company at $1.75 trillion. Hedge fund D1 Capital Partners stands to gain massively, with its stake potentially soaring to $200 billion, marking a major financial milestone.
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