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Elon Musk is no longer a trillionaire, reflecting the turbulent state of U.S. markets as Nasdaq reverses course in a volatile session despite Micron's strong earnings.

Micron (MU) reported strong 3Q earnings, driving momentum in chip stocks despite broader U.S. market struggles and in-line inflation data.
Chip supply constraints are expected to persist "beyond 2027," reinforcing the long-term growth narrative for semiconductor companies like Micron.
Bitcoin is experiencing a difficult year with traders betting on further declines, while Nasdaq volatility recently erased some of Micron's earnings gains.
Analysts recommend buying Verizon over Alphabet if historical Dow changes serve as a guide, signaling a shift in tech vs. telecom valuations.
Apple is skipping high-end M6 chips to focus on releasing an AI-centric M7 line, reflecting a strategic pivot toward artificial intelligence hardware.
Microsoft is raising Xbox console prices worldwide, while SpaceX is reportedly in talks to acquire T-Mobile to enhance Starlink's global connectivity.
Palantir continues its selloff with seven straight sessions of declines, and investors are moving capital from AI hyperscalers to AI beneficiaries.
Goldman Sachs has increased its job displacement forecast for AI productivity, highlighting growing concerns about workforce impacts in the tech sector.
Elon Musk is no longer a trillionaire, while Chevertex CFO and Trump address stagnant gas prices, with the emergency oil reserve hitting a 1984 low.
Flex CEO details a strategic spin-off of its cloud, power, and infrastructure unit, aiming to become one of the largest electrical businesses in the industry.

Based on the source, the most important event for the HK market is the Hang Seng Index falling 335 points and narrowly holding the 20,000-level support, driven by significant declines in major stocks like Alibaba (down over 4%) and Bank of China (down over 5%).

SK Hynix US IPO: The Korean chip giant has submitted an application for a US IPO on the Nasdaq, aiming to raise over $294 billion, expected to trade starting July 10.
Unitree Robotics Price Cut: The price of the Unitree R1 dual-foot humanoid robot was slashed to 29,900 RMB (down 10,000 RMB from launch), signaling a shift toward mass commercialization.
Hang Seng & Tech Index Drop: Major Hong Kong indices fell significantly, with the Hang Seng down 335 points and Alibaba dropping over 4%, while the Hang Seng Tech Index fell 73 points.
JCET Group Expansion: The semiconductor packaging leader announced a 7.8 billion RMB investment to build a new advanced packaging factory in Shanghai's Lingang zone.
CSRC Tech Supervision: The regulator emphasized deploying AI and technology to crack down on illegal stock recommendations, rumor-spreading, and market manipulation.
Top Sports (Toppo) Sales Decline: The sporting goods retailer reported a Q1 sales drop of 10-20% but confirmed its Nike distribution deal in China remains intact.
Industrial 5G Pilot: Five部门联合 departments launched a pilot for industrial 5G independent private networks to support new industrialization and secure data for large enterprises.
Micron & Storage Stocks Surge: Pre-market trading saw Micron Technology jump over 17%, with Western Digital and Seagate rising 9-12%, driven by strong AI demand.
SOE Reform & Tech Conversion: A national conference on SOE reform emphasized the urgent need to convert scientific and technological achievements into real production capabilities.
Pfizer Drug Trial Failure: Pfizer's potential first-in-class ADC drug failed its Phase 3 study, leading to a decline in its stock price and highlighting risks in global innovation drug development.

The Tokyo Stock Exchange (TSE) reached a new high of over 72,000 yen driven by AI investment expectations and low oil prices.

Sony FG President addresses management responsibility at shareholders' meeting due to irregular monetary transactions at a subsidiary life insurance company.
Tokyo Stock Exchange (TSE) hits a new high, recovering to the 72,000 range, driven by AI expectations and cheap oil prices.
KADOKAWA shareholders' proposal to remove President Goro Natsuno was rejected; Kazukiya KADOKAWA also requested his resignation.
Japan's Central Bank (BoJ)审议 member Tanabe suggests a potential interest rate hike within "a few months," citing personal views.
Otsubo Yuko, a senior member of the Liberal Party's tax committee, expresses dissatisfaction with food and grocery consumption tax cuts and may resign.
Kawasaki Shinko (Kawasaki Credit Union) appoints Yoshihiko Ishibashi as its new president.
Toyota and Nissan stop production at their Fukuoka plants due to heavy rain in Kyushu, expected to last until the 26th.
Sony ends domestic sales of its "Aibo" pet robot due to inventory issues; related services continue.
Japan's Central Bank (BoJ) suggests a potential interest rate hike within "a few months," citing personal views.
Shang Win (Shine Win) reports a potential loss in its "Shine Muscat" brand due to overseas export issues.

Quant fund says bitcoin is near a major inflection point as rare onchain signals align

Bitcoin tumbled to a multi-year low of $58,000, though some analysts predict a potential short-squeeze setup may emerge as onchain signals align near a major inflection point.
Strategy has secured a 10-month cash runway for dividends, but the company faces growing skepticism from retail investors, while its yield-generating STRC stock is showing higher correlation with BTC than ever.
Kraken is in advanced talks to acquire a 15% stake in DeFi lender Aave, valued at $385 million, signaling continued institutional interest in decentralized finance infrastructure.
Strategy's yield-generating STRC stock is more correlated with Bitcoin than ever, reinforcing the tight link between the company's financial products and the broader crypto market.
A Sony-backed crypto firm rebranded and shifted its focus to solving AI's global copyright challenges, highlighting the growing intersection between cryptocurrency and artificial intelligence ethics.
BlackBerry is planning a massive comeback by positioning itself as an "uncrashable" software layer for AI and robotics, aiming to leverage its legacy security reputation in the new tech landscape.
Major BTC miner predictions suggest Bitcoin could fall another 30% to $44,000 by year-end, adding to the bearish sentiment despite recent low prices.
Coinbase's Base blockchain experienced a two-hour outage that disrupted the network, temporarily halting transactions and raising questions about network stability.
Regulatory pressures are intensifying as Europe's MiCA deadline and Indonesia's crypto overhaul create new compliance hurdles, with some firms like CoinEx reportedly serving as sanctions exit routes for Iran.
The crypto market faces significant planning challenges for inheritance and asset transfer, as "Crypto for Advisors" and similar initiatives emphasize the need for better legal frameworks in digital asset management.

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