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6/24
09:57
Svmuu News: Xiao Rui, the son of Xiao Jun, a former member of the Wuhan Municipal Commission for Discipline Inspection, is suspected of accepting approximately 4.72 million Hong Kong dollars in bribes on his father’s behalf from mainland construction contractors, and of laundering over 64 million Hong Kong dollars through underground money transfer networks.
On June 23, the Hong Kong District Court found Xiao Rui guilty on all four counts of “money laundering” and one count of “using a copy of a false document”; the judge will announce the sentence on July 23.In 2014, Xiao Rui was granted residency in Hong Kong; that same year, he used his HSBC account to purchase two funds from Sun Life Financial for 10 million Hong Kong dollars.Between January 2016 and September 2017, Xiao Rui’s Standard Chartered and DBS accounts received multiple remittances totaling more than 54 million Hong Kong dollars.
Xiao Rui argued that part of the funds came from the sale of Bitcoin, but the judge rejected his testimony on the grounds that he could not provide transaction records. (Caixin)
09:55
Svmuu News: According to data from MSX.COM, Strategy's stock price has fallen below $100 for the first time since March 2024.
09:42
Svmuu News: Ink, a Layer 2 network on theEthereum() incubated by Kraken, has entered into a multi-year infrastructure agreement with Optimism and will upgrade to OP Enterprise Fully Managed.
Under the agreement, Optimism will be responsible for operating Ink’s production infrastructure, while the Ink Foundation will focus on ecosystem growth and new financial products. Additionally, Ink will serve as a deep design partner for OP Enterprise, jointly advancing roadmap initiatives such as programmable block building, 1-day Ethereum withdrawals, and sequencer-level compliance tools.
Currently, applications built on the Ink network generate nearly $40 million in annual revenue. This partnership makes Ink the second exchange-related blockchain network—following Bitpanda’s Vision Chain—to join this fully managed service. (The Block)
09:33
Svmuu News: According to data from MSX.COM, at the opening of U.S. markets, the Dow Jones Industrial Average rose 0.01%, the S&P 500 rose 0.18%, the Nasdaq Composite rose 0.11%, and the VIX fear index rose 11.46%.AI-related stocks were broadly lower, with IBM down 2.39%, ServiceNow down 2.36%, Oracle down 2.08%, CoreWeave down 1.63%, and Palantir down 1.56%.
It is reported that MSX is a leading RWA trading platform that has listed hundreds of RWA tokens to date, covering popular U.S. stocks and ETF tokens such as NVDA, GOOGL, MSFT, AMZN, META, TSM, and AMD.
09:33
Svmuu News: According to the latest data from Gate, the price of gold has fallen to $3,979.55 per ounce, marking a 3.16% decline for the day. The price of silver has dropped to $58.625 per ounce, down 3.92% for the day.

The BVIX (BTC Volatility Index) is currently quoted at 42.91, down 1.13% for the day. The EVIX (ETH Volatility Index) is currently quoted at 56.45, down 1.41% for the day.

In the foreign exchange market, the U.S. dollar against the offshore yuan (USD/CNH) rose 0.31% intraday, with the current exchange rate at 6.81546. The U.S. dollar against the Japanese yen (USD/JPY) rose 0.15% intraday, with the current exchange rate at 161.712.

In global stock indices, the Euro Stoxx 50 Index (EUSTX50) fell 0.58% intraday to 6,205.47 points; the UK FTSE 100 Index (UK100) rose 0.07% intraday to 10,434.6 points; the German DAX 40 Index (GER40) fell 1.24% on the day to 24,619 points.

In the commodities market, WTI crude oil fell 4.4% intraday to $70 per barrel. Brent crude oil fell 3.45% intraday to $74.51 per barrel.

Gate enables users to trade traditional financial market products directly on the platform, offering one-stop access to a wide range of asset classes including precious metals, foreign exchange, global stock CFDs, major indices, and commodities, thereby achieving deep integration between crypto assets and traditional financial assets. Gate TradFi features have been fully integrated into the Gate App and web platform, allowing users to conveniently trade global assets without switching platforms. This unlocks additional strategies and opportunities beyond the crypto market, continuously enhancing the multi-asset allocation experience.
09:26
Svmuu News: Kalibaf, Speaker of the Islamic Consultative Assembly of Iran, stated on the 24th that the signing of a memorandum of understanding between Iran and the United States signifies the U.S.’s defeat, and that the conclusion of this memorandum is the result of Iran’s resistance. The 20th Session of the Parliamentary Union of the Member States of the Organization of Islamic Cooperation was held that day in Baku, the capital of Azerbaijan, and Kalibaf made the above remarks while delivering a speech at the opening ceremony.
He pointed out that the aggressors had believed they could force the Iranian people to back down and alter the regional situation through military pressure, blockades, psychological warfare, and terrorist attacks. However, the Iranian people have proven that the era of attempting to impose one’s will on independent nations by force has come to an end. Kalibaf said, “This war has inflicted severe losses on our people, but it has also demonstrated that even under the most difficult circumstances, the resilience and will of the people can shatter all the aggressors’ schemes.” (CCTV)
09:18
Svmuu News: U.S. tech stocks fell sharply on Tuesday but rebounded slightly in premarket trading ahead of Micron’s earnings report.
“Market price movements over the past seven trading days have been concerning—not only during declines but also during rallies,” said Michael McCarthy, a market analyst at Moomoo Securities in Australia. “When the market fluctuates so rapidly in either direction, it’s a sign of instability.” (Jin Shi)
09:12
Svmuu News: According to OKX market data, BTC has fallen below 62,000 USDT and is currently trading at 61,994.4 USDT, down 0.21% over the past 24 hours.
09:12
Svmuu News: The sports prediction app Onyx Odds has announced the completion of a $20 million funding round led by Payward, the parent company of Kraken. The company’s core business is sports event predictions, and it is currently expanding into other trading products.
09:02
Svmuu News: OpenAI and Broadcom (AVGO.O) have jointly released an AI chip designed to run models faster and more cost-effectively. (Jin Shi)
08:54
Svmuu News: According to Gate data, spot gold has fallen below the $4,000 per ounce mark for the first time since November of last year, marking a decline of approximately $1,600 from the all-time high of $5,596 per ounce reached earlier this year.
08:51
Svmuu News: Hyperscale Data has signed its first master service agreement to provide 20 megawatts of AI computing capacity at its Michigan data center campus; the contract could generate more than $1.2 billion in revenue over its term.The 20 megawatts of dedicated AI computing capacity covered by the agreement is expected to become operational in the fourth quarter of 2026. The agreement has an initial term of 10 years and includes two 5-year extension options; if the maximum term is exercised, it is expected to generate over $1.2 billion in revenue.
The campus currently operates approximately 28 megawatts of Bitcoin mining capacity, and the company expects to allocate a larger portion to AI.As of June 21, Hyperscale Data held 726.94 Bitcoin through Sentinum and Ault Capital Group, valued at approximately $45.9 million. (financefeeds)
08:40
Svmuu News: According to official announcements, Gate will launch Nesa (NES) perpetual futures trading (USDT-settled) on June 24 at 21:10 (UTC+8), with leverage ranging from 1x to 20x.
08:39
Svmuu News Bitcoin Critic Peter Schiff posted on X, stating that if short sellers drive the price of Strategy (MSTR) low enough, it could put Michael Saylor in a position where his best option would be to sell BTC to repurchase shares.While this move could narrow the discount, it may not necessarily boost the stock price, as BTC would decline. Saylor has put himself in this predicament.
08:28
Svmuu News: According to an official announcement, Bitget will launch spot trading for Nesa (NES) in its AI section. Deposits are now open, and trading will begin on June 24 at 21:00 (UTC+8).
08:28
Svmuu News: According to Gate data, spot silver has plummeted 4.00% intraday and is currently trading at $59.06 per ounce.
Spot gold has dropped more than $30 in a short period, plummeting $100.96 intraday, and is currently trading at $4,008.72 per ounce, down 2.46%.
08:26
Svmuu News: The Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM) has begun trading. This is the only 2x leveraged ETF issued in partnership with Roundhill, the issuer of the DRAM (Roundhill Memory ETF).
RAM is designed to provide 2x returns on the daily performance of DRAM, reset daily, and is intended for active traders.
08:19
Svmuu News Ethereum Treasury company Sharplink posted on X stating that since launching its ETH treasury strategy, the company’s Ethereum staking rewards have totaled 22,102 ETH. Additionally, the company earned 509 ETH in Ethereum staking rewards last week.
08:14
According to monitoring by the Svmuu Seer channel, Polymarket has launched a prediction event titled “Federal Reserve: Number of Interest Rate Hikes in 2026.”
Looking at the interest rate path, the market is currently pricing in two distinctly different macro narratives: One view holds that the U.S. economy will enter a growth slowdown cycle in 2026, and the Federal Reserve will maintain a wait-and-see stance or even resume rate cuts;Another view holds that if inflation resurges or long-term inflation expectations spiral out of control, the Federal Reserve may be forced to resume its rate-hiking cycle.Therefore, the high pricing reflecting “three to four rate hikes” essentially reflects the market’s reassessment of inflation stickiness and economic resilience over the coming year, rather than a consensus on a single path.
Bank of America has already taken the lead in shifting toward a more hawkish interest rate path forecast.BofA Global Research’s latest forecast projects that the Federal Reserve will raise rates by 25 basis points in September, October, and December 2026, for a cumulative increase of 75 basis points for the year, pushing the federal funds target range to 4.25%–4.50%.This assessment represents a significant upward revision from its previous expectation that “rates would remain unchanged for the rest of the year,” primarily based on the continued resilience of the U.S. labor market, the uneven progress in bringing inflation down, and the possibility that the Federal Reserve’s policy reaction function may become more hawkish under the leadership of new Chair Kevin Warsh.By comparison, Deutsche Bank also expects the Federal Reserve to begin raising rates in September, but with a cumulative increase of 50 basis points for the year, indicating that major Wall Street institutions are reassessing the upside risks to U.S. interest rates in 2026.
Svmuu Seer continues to monitor prediction markets, spotting changes before they are priced in.
08:08
Svmuu News: Even if its efforts to obtain an EU operating license in Greece are unsuccessful, Binance will not leave Europe and may still secure authorization through alternative channels in the future. If it is unable to obtain a license in Greece, it will seek other alternatives.
Currently, Binance has been in negotiations with regulatory authorities in Ireland, Latvia, and Greece, but has encountered resistance in all three countries.Officials have expressed concerns about the company’s history of money laundering penalties, its complex international structure, and its risk-tolerant culture. In response, Gillian Lynch stated that Binance is unaware of the specific reasons for the rejections, noting that the company has invested in compliance and internal controls and currently employs approximately 1,500 compliance staff members. (Reuters)

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