Latest news
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Mainland investors pull record 24.6B yuan from Hong Kong ETFs
Mainland Chinese investors withdrew a record 24.6 billion yuan from Hong Kong equity ETFs in a single week, marking the largest weekly outflow on record. The capital is flowing into domestic AI and semiconductor stocks, signaling a strategic shift in investment focus within China's markets.
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US Tech Companies Announce 38,000 Job Cuts Amid AI Infrastructure Spending
US technology companies announced 38,242 job cuts in May, the highest monthly total since August 2024, with artificial intelligence cited as the top reason for workforce reductions for the third consecutive month.
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Trump announces $700M federal support package for US coal plants citing national security
The Trump administration announced nearly $700 million in federal support for the US coal industry on June 4, invoking Cold War-era emergency powers to justify the spending as essential for national security and AI data center reliability.
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Kraken Launches SpaceX IPO Access via xStocks for 110+ Markets
Kraken announced that eligible users in more than 110 markets can register for tokenized SpaceX equity through xStocks IPO Access ahead of the company's highly anticipated public listing expected in June.
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House Republicans introduce seven crypto tax bills ahead of Ways and Means hearing
House Republican leadership circulated seven new crypto tax bills—the first congressional leadership effort focused on crypto taxation—ahead of a House Ways and Means Committee hearing on digital asset taxation set for Tuesday.
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Solana Mobile Launches dApp Spotlight for Curated App Discovery
Solana Mobile introduced dApp Spotlight, a curated discovery tool within the Solana dApp Store designed to surface quality applications. The feature pairs user ratings with editorial curation to help Seeker device users navigate over 225 available dApps.
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Pump.fun bounty platform funds memecoin tattoos and dangerous stunts
Pump.fun launched an open bounty marketplace where users posted crypto rewards for bizarre promotional tasks, including $2,630 for forehead tattoos and $57,000 for skydiving into a World Cup match as a memecoin mascot.
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Bitcoin falls below $60K on strong US jobs data
Bitcoin dipped to $59,825 on Friday, its lowest level since October 2024, after stronger-than-expected US labor market data strengthened the dollar and triggered a broad crypto selloff. The asset recovered above $61,000 by press time.
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House Ways and Means advances seven crypto tax bills for June hearing
The House Ways and Means Committee is circulating seven draft bills to ease tax burdens on crypto mining, staking, and small transactions before a June 9 hearing, marking a fresh push to clarify digital asset taxation.
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Bitcoin falls below $60K after May jobs report beats expectations
Bitcoin dropped 4.8% in 24 hours to near $60,769 after a stronger-than-expected May jobs report pushed markets toward higher yields and a stronger dollar, pressuring crypto assets sensitive to liquidity conditions.
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Alsobrooks ties Clarity Act support to ethics agreement before Senate vote
Maryland Democrat Angela Alsobrooks said she won't back the bipartisan Clarity Act on the Senate floor unless negotiators resolve ethics provisions and other outstanding issues.
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Dow surges 900 points as investors rotate from tech to healthcare and banks
The Dow Jones closed at a record 51,561.93 after a sharp late-session rally, as investors shifted capital out of technology stocks into healthcare and financial names, signaling a potential sector rotation.
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Zcash Orchard exploit reveals cryptographic supply integrity gap
A security researcher at Shielded Labs discovered a critical exploit in Zcash's Orchard protocol using AI on May 29, which could have generated unlimited counterfeit ZEC. Zcash executed emergency forks within days, but the privacy design makes proving the supply was never tampered with cryptographically difficult.
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Supreme Court: SEC can recover illegal gains without proving investor loss
The Supreme Court issued a unanimous 9-0 decision in Sripetch v. SEC on June 4, ruling the SEC can force securities law violators to disgorge illegal profits without first proving investor loss, resolving a circuit split and strengthening the agency's enforcement capabilities.
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CoinDesk 20 index drops 4.8% as all constituents decline
The CoinDesk 20 index fell to 1681.25, down 4.8% since Thursday 4 p.m. ET, with all twenty constituents trading lower. Bitcoin dropped 2.8%, while Internet Computer slumped 14.6%.
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Micron loses $94B as Broadcom AI guidance triggers $280B sector rout
Micron Technology shed roughly $94 billion in market value on June 4 after Broadcom slashed its AI chip guidance, sparking a broad semiconductor selloff that wiped out $280–$286 billion across the sector in a single day—the largest one-day loss in US market history.
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Bitcoin slides below $62K as Zcash crashes on critical bug disclosure
Bitcoin fell to $61,900 as markets await U.S. jobs data that could shift rate-cut expectations. Meanwhile, Zcash plummeted 40% after Shielded Labs disclosed a critical bug undetected for four years.
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Bitcoin sentiment peaks at bearish lows, bullish highs—inverse of profits
Bitcoin sentiment analysis shows traders were most bullish when price peaked near $78,000 in late May and most bearish when it fell to recent lows near $62,400—a pattern that inverts where profitable trades typically occur.
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South Korea launches first illegal gambling probe into Polymarket users
South Korean police have launched the country's first illegal gambling investigation into local Polymarket users, with violators facing fines up to 10 million won ($6,500) under Article 246 of the Criminal Act.
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Zcash crashes 38% after critical Orchard shielding vulnerability disclosed
Zcash plunged 38% following the disclosure of a critical vulnerability in its Orchard shielded pool that could have allowed undetectable counterfeiting for over four years. The flaw, discovered May 29 and patched June 1, has reignited concerns about privacy coins' inability to verify supply integrity.
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OpenAI launches Dreaming V3 memory system for ChatGPT on June 4
OpenAI rolled out Dreaming V3, an upgraded memory architecture for ChatGPT that improves context retention and conversational continuity. The system initially targets Plus and Pro subscribers in the US, with expansion planned for additional tiers and regions.
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JPMorgan, Bank of America, Citi launch tokenized deposit network by 2027
Three of America's largest banks are building a shared blockchain-based tokenized deposit network by mid-2027, operated by The Clearing House, to defend against stablecoin competition and offer multinationals real-time liquidity and cross-border payment options.
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Robinhood routes World Cup contracts to Rothera in live infrastructure test
Robinhood has begun routing select FIFA World Cup event contracts through Rothera, its co-owned derivatives exchange, marking a shift away from reliance on Kalshi and a test of its own integrated trading platform ahead of a full Q2 2026 launch.
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Monterey Park becomes first US city to ban data centers with 86% voter support
Monterey Park became the first American city to enact a permanent data center ban after voters approved Measure NDC with overwhelming support, setting a precedent for local resistance to energy-intensive infrastructure.