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According to Jinshi, Jeff, a senior macro strategist at BNY Mellon, pointed out that the softening of U.S. labor data and the improvement in inflation data have reduced the urgency for the Federal Reserve to tighten further. However, he emphasized that this does not address the question of whether the slowdown in growth is within a controllable range or whether policy expectations have been overly adjusted.He stated that the global narrative is becoming less unified, especially in the economic discussions between the U.S. and Europe.

The Bank of Busan (BNK Busan Bank) has completed a pilot for the Korean won stablecoin infrastructure on Kaia Chain.This PoC (Proof of Concept) was jointly participated in by K-STAR Alliance partners AhnLab Blockchain Company, Lambda256, and Open Asset. The test results showed a transaction success rate of 100%, with processing times of less than 1 second.

According to Vietnam's Youth Newspaper, the Ministry of Public Security of Vietnam recently held a press conference to report the latest investigation results of the ONUS cryptocurrency platform fraud case. More than 350 kilograms of gold and silver have been seized, transactions involving 8 properties valued at 20 trillion Vietnamese dong have been frozen, and transactions of over 300 involved bank accounts have been suspended.On March 23 of this year, the police filed criminal charges against 8 defendants, accusing them of using computer networks and telecommunications networks to commit property appropriation and money laundering. Since 2018, the individuals involved have taken advantage of the public's lack of understanding of cryptocurrency, creating digital accounts through applications and packaging them as virtual currency. They established trust and attracted investment through circular buying and selling among affiliated companies, thereby committing fund appropriation, with a total sale of cryptocurrency valued at over 70 trillion Vietnamese dong from 2018 to 2021.The case involves numerous individuals and users, with approximately 5 million user accounts opened. The police have received over 2000 reports from citizens. The public security authorities are investigating the possible accomplice responsibilities of KOLs and other internet celebrities and continue to make every effort to recover the embezzled funds.

According to South Korean media reports, the Bank of Korea has warned that single-stock leveraged ETFs linked to Samsung Electronics and SK Hynix may further exacerbate market concentration, amplify market volatility, and reinforce one-sided trading capital flows. In a written response submitted to the People Power Party member Park Sung-hoon, the Bank of Korea stated: "Given that Samsung Electronics and SK Hynix account for more than half of the total market capitalization and trading volume of the Korean stock market, expanding the investment scale of single-stock leveraged ETFs may further intensify market concentration."The Bank of Korea indicated that as corporate operating conditions or market expectations change, the inflow and outflow of funds increase, which may amplify one-sided trading for such products. Furthermore, once the market experiences a correction, retail investors' losses may further expand, and increased ETF redemptions or portfolio rebalancing may also exacerbate the price volatility of related stocks. According to Yonhap News Agency, the Bank of Korea plans to strengthen monitoring of the impact of single-stock leveraged ETFs on the stock market and the financial system.

According to Bloomberg, citing informed sources, SK Hynix Inc. is considering paying underwriting fees of approximately 0.5% of the total fundraising amount to investment banks participating in its U.S. listing project. This deal is expected to become one of the largest stock issuances in history.Informed sources stated that although SK Hynix has indicated plans to issue new shares equivalent to a maximum of 2.5% of the company's total equity, the final issuance scale has not yet been determined, which will directly affect the amount of underwriting fees that the investment banks will ultimately receive.Additionally, SK Hynix may also pay extra discretionary bonuses to the investment banks involved in the transaction, beyond the basic underwriting fees. Informed sources mentioned that discussions are still ongoing, and the final agreement details may still change.

According to Bloomberg, Micron officially broke ground on its factory expansion project in Higashi-Hiroshima City, Hiroshima Prefecture, Japan on Saturday. The total investment for the project is approximately 1.5 trillion yen (about 9.3 billion USD), aimed at producing advanced memory chips for the AI era.The new production line will focus on key chips such as high-bandwidth memory (HBM), which are core components supporting the performance of AI processors like those from Nvidia. The related chips are expected to start shipping as early as the summer of 2028.The Japanese Ministry of Economy, Trade and Industry has provided up to 500 billion yen in subsidy support for the project to strengthen domestic semiconductor manufacturing capabilities and enhance supply chain resilience.This expansion project is seen as an important step for Japan to strengthen its semiconductor manufacturing layout in the global AI chip competition.

According to Bloomberg, Germany's financial system is experiencing a rapid expansion of cryptocurrency asset services. Several local financial institutions, including cooperative banks and savings banks, are planning to launch cryptocurrency trading services for retail customers, allowing users to buy and sell virtual assets directly without going through third-party trading platforms.It is reported that banks in Germany, which have long served local families and businesses, are gradually embedding cryptocurrency trading functions into their existing retail banking systems. Relevant services are expected to be launched in the coming months. This trend indicates that Germany's traditional banking system is accelerating its embrace of the digital asset market within a compliance framework, which may further promote the penetration of cryptocurrencies into the mainstream financial system in Europe.

According to Bitcoin.com, the Central Bank of Brazil stated at a congressional hearing that stablecoins have the attributes of payment tools and should be classified as electronic money instruments rather than general digital assets, thus falling under a stricter regulatory framework.The Brazilian Association of Crypto Economy opposed this, arguing that such classification could lead to regulatory conflicts, hinder the application of stablecoins in institutional and retail markets, and divert Brazil from international regulatory trends. Meanwhile, the Central Bank of Brazil has recently increased regulatory requirements for virtual asset service providers, which may put pressure on the operations of small and medium-sized crypto institutions.

The Reserve Bank of India (RBI) reiterated its support for a regulatory strategy of "containment and a tendency to prohibit" regarding crypto assets in a document submitted to the Parliamentary Standing Committee on Finance, stating that "prohibition" remains one of the policy options recognized by the international regulatory framework. The RBI suggested that banks and other regulated financial institutions should not hold, trade, or provide exposure to crypto assets and privately issued stablecoins to avoid potential contagion risks to the financial system.The RBI stated that implementing traditional financial regulation on crypto assets could mislead the market, granting "legitimacy" to speculative assets that lack actual economic value and creating a false sense of security for users. The RBI also warned that the widespread use of stablecoins could undermine India's monetary sovereignty, weaken the transmission mechanism of monetary policy, disrupt the payment system, and pose risks to financial stability. Therefore, it recommended prioritizing the development of sovereign digital payment infrastructure such as Central Bank Digital Currency (CBDC). Additionally, the RBI questioned the relevant rankings claiming "India is the country with the highest global crypto adoption rate," arguing that the data from private blockchain analytics firms has methodological flaws. It pointed out that there are currently 54 crypto service providers registered with the FIU in India, with approximately 39.3 million users who have completed KYC verification holding crypto assets worth about 20.437 billion rupees. It should be clearly distinguished between speculative crypto assets and the tokenization of real-world assets (RWA) such as government bonds and corporate bonds to avoid impacting the innovation of financial asset tokenization.

Data from Bank of America shows that investors are exiting the U.S. stock market at the fastest pace since March. For the week ending July 1, U.S. stock funds experienced a net outflow of $17.2 billion, marking the first net outflow of funds in three months. The data indicates that the Japanese stock market saw the largest inflow of funds in seven weeks, reaching $1.9 billion.

The Central Bank of Brazil issued Resolution No. 580/2026, classifying companies providing virtual asset services and their leading groups as Category 3 institutions, subject to the same requirements as securities brokers, securities dealers, and foreign exchange brokers. Starting from January 1, 2027, the relevant institutions will comply with prudential requirements such as risk management rules, capital requirements, and information disclosure policies. By June 30, 2028, VASPs, regardless of size, will be included in Division 4 and will not be able to enjoy the simplified compliance regime for low-risk institutions in Division 5.

According to reports from ZhDongxi, Alibaba announced today an全面 ban on the Claude series products under Anthropic. All employees are required to uninstall Agent products, including multiple series models such as Sonnet, Opus, Fable, and Claude Code. This ban will officially take effect on July 10. Previously, Alibaba had encouraged employees to freely use external models, including Claude, through a large reimbursement policy.Insiders pointed out that this "reverse ban" is closely related to a series of recent frictions between the two parties. In mid-June, Anthropic accused Alibaba of using a large number of fake accounts to conduct "industrial-grade model distillation attacks" in a letter to the U.S. Senate, and subsequently implemented large-scale account bans and other risk control measures targeting Chinese users. Additionally, developers recently exposed that Claude Code had previously embedded covert detection mechanisms in earlier versions, secretly collecting and tagging data from Chinese time zones and domain names of several Chinese tech companies, including Alibaba. Although Anthropic officials later acknowledged this "experimental" measure and announced its rollback and deletion in the latest version, it still sparked widespread controversy and a trust crisis within the industry.

According to Cointelegraph, Elvira Nabiullina, the Governor of the Central Bank of Russia, confirmed that the digital ruble will be launched as scheduled on September 1, and everything is "ready." The digital ruble will serve as a supplement to the Russian fiat ruble and will initially be accepted by financial and credit institutions. The development of this CBDC began in 2021, and the European Union has implemented preemptive sanctions on the digital ruble effective April 2025 in response to Russia's war against Ukraine. Vladimir Chistyukhin, the First Deputy Governor of the Central Bank of Russia, stated that the laws related to the digital ruble will take effect on September 1, with a transition period until July 2027.In contrast, the U.S. housing bill containing a CBDC ban has been submitted to Trump, and if the president does not sign it within 10 days, it will automatically take effect, with the ban lasting until 2030.

According to Bloomberg, Erebor Bank, founded by Palmer Luckey, is negotiating a new round of financing with investors, aiming for a valuation of at least $8 billion, nearly doubling from last year's valuation of $4.35 billion.Insiders say that the bank's deposits have increased from $1.1 billion to $4.05 billion over the past three months, with nearly 400 new clients, and it is expected to achieve profitability within the year. Erebor focuses on serving companies in sectors such as defense technology and cryptocurrency, and has obtained a national bank charter from the Office of the Comptroller of the Currency.Previously, its investors included Lux Capital, 8VC, Andreessen Horowitz, and Founders Fund. Erebor has also signed a non-binding letter of intent with Venezuela's Banco de Venezuela to provide agency services.

According to TASS, Vladimir Chistyukhin, the First Deputy Governor of the Central Bank of Russia, stated that the law regarding cryptocurrency regulation may officially take effect on September 1, 2026. He also clarified that a transition period will be set until July 1, 2027.During this period, market participants need to prepare documents, apply for registration in the regulatory directory, obtain new licenses, and adjust internal processes, with formal operations expected to begin from late 2026 to early 2027. From July 1, 2027, the relevant criminal and administrative liability provisions will take effect, strictly distinguishing between legal and illegal cryptocurrency operations by clarifying legal responsibilities.

According to official news, Standard Chartered Bank announced a partnership with Circle to launch the USDC minting and redemption access capabilities for institutional clients, becoming the first global systemically important bank to offer such integrated services. Eligible institutional clients can use USDC through a single account opening and service process without needing to open a Circle account directly.Initially, the service will be provided through Standard Chartered's operations in the Dubai International Financial Centre, supporting scenarios such as on-chain settlement, fund management, and liquidity management, with plans to expand to more markets after obtaining regulatory approval.

According to Coin Bureau, Tether CEO Paolo Ardoino explained the reason why USDT has not applied for the EU MiCA license, stating that the regulation is "very dangerous for stablecoins."He mentioned that MiCA could force issuers to keep 60% of their reserves in uninsured cash deposits at small European banks, which may not be able to handle large-scale redemptions. Ardoino believes the legislation is "poorly considered" and stated that "skipping MiCA is to protect Tether's over 400 million users."

According to Cointelegraph, new regulations for cryptocurrency ATMs in Tennessee and Georgia took effect on July 1. Tennessee has implemented a comprehensive ban, while Georgia requires transaction limits and reporting obligations. Previously, Indiana enacted a ban in March, and Minnesota will enforce a similar ban on August 1. Before the ban took effect, there were about 185 cryptocurrency ATMs and kiosks operating in Tennessee. Governments in various regions have taken action due to frequent incidents of residents (especially the elderly) being scammed into transferring money through cryptocurrency ATMs. Legislators in Delaware and New Jersey have proposed similar comprehensive ban measures.

According to Jinshi reports, SoftBank Group has executed $10 billion of its $30 billion follow-up investment in OpenAI.