In a noteworthy turn of events during the ongoing US–China trade and export-control discussions in London, Huawei founder Ren Zhengfei made candid remarks downplaying his company’s semiconductor prowess. Navigating Heightened US–China Tech Tensions During a front-page interview in China’s People’s Daily, Ren emphasized that Huawei’s single-chip architecture still lags one generation behind U.S. rivals, explicitly…
Evita Pay used USDT to funnel cross-border payments. Clients included Sberbank, VTB Bank, Sovcombank, and Rosatom. 22-count indictment includes money laundering, wire fraud. In a sweeping indictment that highlights growing enforcement around sanctions evasion and crypto misuse, US federal prosecutors have charged Russian national Iurii Gugnin with running a sophisticated cross-border fraud and money laundering…
1. Background: Rising Concerns Over Chinese Hardwood Plywood In recent months, the European Union has ramped up trade-defence measures against Chinese hardwood plywood imports. These actions stem from long-standing worries among European producers that Chinese manufacturers are undercutting them with exceptionally low-priced, subsidized plywood—possibly even using illegally sourced Russian timber to bypass EU restrictions. The…
Over the past 24 hours, Ether (ETH) surged approximately 7%, a sharp rebound fueled by Bitcoin’s rally above the $109,000–$110,000 range. Bitcoin’s steady climb past $109,000 created an optimistic tone across the crypto market, lifting Ethereum as a leading altcoin. This rise also injected renewed investor confidence, evidenced by a 3–4% increase in broad crypto…
✍️ Overview The European Commission plans to unveil its 18th package of sanctions targeting Russia amid mounting calls to pressure President Putin into ceasing hostilities in Ukraine. Central to this new round: The updates follow persistent lobbying by Baltic states and Ukraine, emphasizing energy chokeholds, banking restrictions, shadow fleet designations, and infrastructure cut-offs. Why Now?…
Top-level US officials describe the current round of trade negotiations underway in London as “going well,” signaling cautious optimism from both sides in a high-stakes economic diplomacy effort aimed at easing long-standing tensions. 🔍 1. Background & Why It Matters After a preliminary agreement in Geneva last month, where both nations tentatively eased hefty tariffs…
June 9, 2025 – Cetus Protocol, the Sui-native decentralized exchange (DEX), has successfully relaunched following a devastating $223 million exploit on May 22. The team managed to recover the majority of the stolen funds and restore functionality to its liquidity pools . 💡 Key Highlights
Post Content:The world’s largest sovereign wealth fund, Norway’s $1.9 trillion oil fund, has called for swift and ambitious reform of Europe’s capital markets. 📉 Over the past decade, the fund’s allocation to European equities has dropped from 26% to just 15%, while its exposure to U.S. equities has increased to 40%. 🇪🇺 The fund argues…
On June 9, 2025, in pre-market trading, Robinhood Markets (HOOD) experienced a notable drop of approximately 5–5.7% (to around $70.6–$71.2) after S&P Dow Jones Indices announced that no changes would be made to the S&P 500 components during its quarterly rebalance. 🔍 What Triggered the Decline? 📉 Market Impact Beyond Robinhood 💡 Why No Additions This…
June 9, 2025 – A fresh wave of bullish momentum is rippling through the Bitcoin options market in advance of the latest U.S. CPI release. According to CoinDesk’s morning briefing, traders have been stacking calls, signaling growing optimism for near‑term upside. Over the weekend, Bitcoin briefly reclaimed levels above $107,600 before settling near $106,600—a ~1.2% gain in…
