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How Ambani Built Project Jupiter for Jio Platforms’ Planned IPO
Mukesh Ambani told shareholders last August that Jio Platforms Ltd. would seek a stock market listing in the first half of 2026, according to Bloomberg.
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Katayama Says Japan Ready to Act After Yen Hits 40-Year Low
Japan Finance Minister Satsuki Katayama said the government will respond to foreign-exchange moves appropriately at any time after the yen slid to its weakest level against the dollar since 1986, according to Bloomberg.
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Ansem Says Crypto Should Become “Cool” for Mainstream Users
Crypto KOL Ansem said in a post on X that in the current cycle, the goal is to make cryptocurrencies “cool” for ordinary mainstream users.According to Odaily, Ansem wrote: “This cycle, we’re going to make crypto truly cool for normies.”
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Whale Reports Unrealized Loss After Long Positions in Crude Oil and Gold, Analyst Says
A whale has taken long positions in crude oil and gold, according to analyst Yu Jin.According to Odaily, the whale went long crude oil at $100.4 and went long gold at $4,345.Yu Jin said the whale currently has a total unrealized loss of about $5.7 million, citing a recent crude oil pullback of abou…
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Grant Cardone Says Cardone Capital Increased Bitcoin Holdings at $59,000
Cardone Capital CEO and billionaire Grant Cardone said the U.S. real estate investment firm increased its Bitcoin position when the price was $59,000, bringing its total holdings to more than 2,700 BTC. According to Foresight News, Cardone disclosed the purchase in a post on X.
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CFTC Investigates Polymarket Over Operations, Including Social Media Activity
The U.S. Commodity Futures Trading Commission (CFTC) is conducting a broad investigation into prediction market platform Polymarket, covering areas including its social media activity.According to Odaily, earlier reports said Polymarket hired dozens of mostly college-age social media creators to fi…
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Tencent Steps Up Buybacks After Share Rout Erases $309 Billion
Tencent Holdings Ltd. is ramping up share buybacks as its Hong Kong-listed stock struggles to recover from a selloff that has wiped out about $309 billion in market value since early October, according to Bloomberg.
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China Cuts Dividend Insurance Illustration Rate Cap to 3.5% From 3.9% Starting July 1
The maximum illustrated rate used in sales materials for dividend-paying life insurance products in China will be lowered to 3.5% from 3.9% starting July 1, according to 36Kr. Insurers must complete filing changes for products showing rates above 3.5% by June 30, or submit them for delisting.As the…
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Spot Gold Falls Below $4,000 an Ounce, Down 0.4% on the Day
Spot gold fell below the $4,000-per-ounce level, down 0.4% on the day, according to 36Kr.
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CITIC Securities: Current AI Trade Resembles 2021 New-Energy Cycle More Than 2000 Dot-Com Boom
A CITIC Securities research note said the AI market rally since June 2025 looks more like the 2021 new-energy cycle than the 2000 dot-com cycle, according to 36Kr. The note said upstream AI-related names still have not seen a collapse in forward P/E multiples and earnings expectations are only star…
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Shenzhen Stock Exchange Adds NetEase, Removes Fu Shou Yuan From Stock Connect List
The Shenzhen Stock Exchange announced an adjustment to the eligible securities list for southbound trading under Stock Connect, effective June 30, 2026, according to 36Kr. NetEase will be added to the Hong Kong Stock Connect roster, while Fu Shou Yuan will be removed, the exchange said, citing its…
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CITIC Securities Forecasts China’s 2026 GDP Growth at About 4.7%
CITIC Securities said in a research note that in the second half of 2026, China’s economy will be reshaped by spillover effects from an AI-related capital expenditure cycle and imported inflation, according to 36Kr. The brokerage said exports are likely to remain strong while domestic demand stays…
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Trump Warns Gas Retailers to Cut Prices, Targets About $2.50 a Gallon
US President Donald Trump said on Monday local time that gasoline retailers must immediately lower fuel prices, warning they could face “big trouble” if they do not, according to 36Kr. In a post on Truth Social, Trump wrote that price gouging is “completely illegal” and said the target price should…
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Jana Builds Bigger Stake in Fintech Alkami, Pushes for Sale
Activist investor Jana Partners has built a larger stake in Alkami Technology Inc. and is urging the financial technology company to move forward with a sale, according to Bloomberg, citing a person familiar with the matter.
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U.S. and Iran Agree to Stop Shooting — Warsh Speaks Tuesday, Jobs Data Wednesday, MiCA Goes Live: Hottest Crypto Week of the Summer
According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.07T, down by 0.12% over the last 24 hours.Bitcoin (BTC) has been trading between $58,900 and $60,457 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $59,935, down by 0.36%.Most major cryptoc…
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Bitcoin News: Bitcoin Is Showing Its First Real Bottoming Signal — But One Signal Is Not the Same as a Bottom
Bitcoin's UTXO block profit/loss ratio has fallen into a range that has historically appeared during market bottoming phases — the first clear sign of deeper market clearing in the current cycle, according to crypto analyst Moreno. The signal is real and historically significant. It is also insuffi…
Crypto News: The Most Important Crypto Week of the Summer Starts Now — MiCA Goes Live, Jobs Data Lands, and Warsh Speaks
Crypto markets enter July with a regulatory transformation in Europe, a packed US macro calendar that could reshape the Fed narrative, and a Robinhood product reveal that may redefine how retail investors access digital assets. The week of June 29 carries more simultaneous catalysts than any single…
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Nigerian Government Seeks Advisers for Planned Eurobond Offering
Nigeria invited expressions of interest from advisers for a planned Eurobond sale, its first since a November issuance drew five times more demand than the amount on offer, according to Bloomberg.
Terraform Labs And Do Kwon Found Liable for Fraud in Second TerraUSD Ruling
Singapore’s International Commercial Court has issued a second tranche ruling in an investor fraud case linked to the collapse of TerraUSD (UST), finding crypto firm Terraform Labs and its founder, Do Kwon, committed fraud and awarding damages to some plaintiffs. According to Foresight News, Bloomb…
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Booming Bank Capital Markets Let Weaker Issuers Get a Pass
Investors in the market for junior bank capital are becoming increasingly indifferent to differences between stronger and weaker lenders, according to Bloomberg.