📡 On-the-hour Bulletin | 08:00-09:00
1. Bitcoin rose 23.5% last week to about $77.6k, while Ethereum gained 31.1%. Total market cap of the crypto market increased to $2.63 trillion.
2. Yangtze Memory’s IPO application for the STAR Market has been accepted. It plans to raise RMB 33 billion, setting a new record for fundraising on the STAR Market. The funds will be used for technology upgrades to mass-production lines and R&D projects.
3. International gold prices broke above $4,600 per ounce, hitting a three-month high. The move was boosted by a weaker U.S. dollar, heightened safe-haven sentiment, and concerns about U.S. debt. UBS expects central banks worldwide to buy 750 to 1,000 tonnes of gold for the full year.
4. Samsung Electronics’ share price fell as much as 7.1% at one point, as the shareholders’ return plan focused more on dividends than expected. JPMorgan said the plan failed to deliver a positive surprise.
5. Tether exited Uruguay’s Bitcoin mining business due to a contract dispute with UTE over electricity supply. The project is reported to involve about $120 million.
6. SoftBank Group plans to issue retail bonds totaling 1 trillion yen (about $6.3 billion) in Japan. If successful, it would become Japan’s largest retail bond issuance, aiming to raise funds for its investment commitment to OpenAI.
7. A severe global tungsten supply shortage has led two Japanese companies to suspend operations because they cannot obtain high-purity tungsten powder for WF₆. Samsung and SK hynix are accelerating the search for new suppliers, and the WF₆ price is expected to rise 70% to 90% in the second half of the year.
8. The founder and subsequent CEO of Poland’s crypto platform Zondacrypto have gone missing one after another. With the platform shut down, hundreds of thousands of customers cannot withdraw funds. The ZND token has plunged more than 99.9%, and prosecutors have launched an investigation.
1. Bitcoin rose 23.5% last week to about $77.6k, while Ethereum gained 31.1%. Total market cap of the crypto market increased to $2.63 trillion.
2. Yangtze Memory’s IPO application for the STAR Market has been accepted. It plans to raise RMB 33 billion, setting a new record for fundraising on the STAR Market. The funds will be used for technology upgrades to mass-production lines and R&D projects.
3. International gold prices broke above $4,600 per ounce, hitting a three-month high. The move was boosted by a weaker U.S. dollar, heightened safe-haven sentiment, and concerns about U.S. debt. UBS expects central banks worldwide to buy 750 to 1,000 tonnes of gold for the full year.
4. Samsung Electronics’ share price fell as much as 7.1% at one point, as the shareholders’ return plan focused more on dividends than expected. JPMorgan said the plan failed to deliver a positive surprise.
5. Tether exited Uruguay’s Bitcoin mining business due to a contract dispute with UTE over electricity supply. The project is reported to involve about $120 million.
6. SoftBank Group plans to issue retail bonds totaling 1 trillion yen (about $6.3 billion) in Japan. If successful, it would become Japan’s largest retail bond issuance, aiming to raise funds for its investment commitment to OpenAI.
7. A severe global tungsten supply shortage has led two Japanese companies to suspend operations because they cannot obtain high-purity tungsten powder for WF₆. Samsung and SK hynix are accelerating the search for new suppliers, and the WF₆ price is expected to rise 70% to 90% in the second half of the year.
8. The founder and subsequent CEO of Poland’s crypto platform Zondacrypto have gone missing one after another. With the platform shut down, hundreds of thousands of customers cannot withdraw funds. The ZND token has plunged more than 99.9%, and prosecutors have launched an investigation.