π Circle has applied to operate as a crypto bank in the United States. The company has submitted its application for a national trust bank charter in the U.S. This move is a significant step for Circle as it seeks to expand its financial services in the growing cryptocurrency sector. For more information, visit Circle.
π₯πΊπΈ The S&P 500 has made history by closing above the 6,200 mark for the first time. The second quarter of 2025 has emerged as the best quarter for the S&P 500 since 2023.
πΊπΈ The United States may exempt from tariffs goods that cannot be produced domestically, according to the Wall Street Journal.
π Mark Zuckerberg has announced the launch of a new AI division called "Superintelligence" within Meta. This initiative aims to advance the company's efforts in artificial intelligence. It is worth noting that Meta has been designated as an extremist organization and banned in Russia. For more details, visit the article here.
Alpha
π The Emerging Markets (EM) currency index has been highlighted recently, indicating that the US Dollar Index (DXY) may experience a significant decline against major currencies. For more information, you can refer to the previous report.
π The MSCI EMERGING MARKETS FX index increased by 7.2% in the first half of 2025, marking the strongest semi-annual growth since 2003.
π₯π The EMERGING MARKETS STOCK INDEX surged by 14% in the first half of 2025, marking the strongest semi-annual growth since 2017.
π¨ Australia has reported its Manufacturing PMI for June, registering at 50.6, down from the previous figure of 51. This indicator reflects the health of the manufacturing sector, with a reading above 50 signaling expansion and below indicating contraction. The slight decline may raise concerns among economists and investors about the potential impact on the overall economy.
π―π΅ Japan's Manufacturing PMI for June has been reported at 50.1, showing a slight increase from the previous month's figure of 49.4. This data indicates a modest expansion in the manufacturing sector, reflecting improved economic conditions.
π Chinaβs Caixin Manufacturing PMI for June has unexpectedly risen to 50.4, up from 48.3. This indicates a growth in manufacturing activity in the country.
π’πͺπΊ The price of gas in Europe surged by 40% year-on-year in the first quarter of 2025, according to calculations by TASS.
π‘ Sberbank has announced a reduction in market mortgage rates by 0.5 to 2 percentage points. This move is expected to make housing more accessible for potential buyers. For more details, visit here.
π’π·πΊ Starting July 1, 2025, wholesale gas prices in Russia will increase by 10.3% for all consumers, including both industry and households. However, this hike will not apply to electricity companies and housing and utilities services. For more details, visit β Gazeta.
π¨ Elon Musk has criticized U.S. Congress members who advocate for reducing government spending yet voted for a historic increase in the national debt. He stated, "Every congress member who pushed for spending cuts but then immediately voted for the largest debt increase in history should hang their heads in shame! They will lose their primaries next year, even if itβs the last thing I do on this Earth," on platform X.
π Nikita Bir, an advisor for Solana, has joined Elon Musk's X network as the head of product.
π₯ The monthly candle for BTC closed at a record high. In June, BTC saw a growth of 2.5%, while ETH experienced a decline of 1.5%.
π American Bitcoin, a mining company associated with Donald Trump, has raised an additional $215 million to acquire Bitcoin for its balance sheet.