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SEC Chair Paul Atkins said the U.S. Securities and Exchange Commission has actively responded over the past year to U.S. President Donald Trump’s goal of making the United States the “crypto capital of the world.” According to PANews, Atkins said the SEC is taking what he described as historic steps to modernize rules and regulations to promote the market’s migration on-chain.

Microsoft is investing $2.5 billion to set up a new business unit focused on helping enterprise customers deploy artificial intelligence technologies, according to 36Kr. The unit, called Microsoft Frontier Company, will integrate about 6,000 engineers, technical consultants and sales staff, who will be stationed directly inside client companies to provide services.

Bloomberg reported that US hiring slowed sharply in June even as the unemployment rate fell, curbing some of the budding momentum in job growth this year. Nonfarm payrolls increased 57,000 last month after downward revisions to the prior two months, according to Bureau of Labor Statistics data out Thursday, well below the 113,000 median estimate. The unemployment rate fell to 4.2% as labor force participation plunged, below the 4.3% median estimate. Average hourly earnings rose 0.3% month-over-month, in line with expectations. The report suggests the labor market still faces challenges despite signs of strength in recent months. The pullback in hiring was led by the biggest decline in leisure and hospitality payrolls since 2020, with retail trade and information sectors also shedding jobs, while healthcare and social assistance continued strong hiring. S&P 500 futures rose, while Treasury yields and the dollar fell.

Bloomberg reported, citing The Information, that Anthropic PBC is in talks with Samsung Electronics Co. to be a manufacturing partner for a custom artificial intelligence chip, according to people familiar with the plan. Anthropic's plans are at an early stage, with the company still determining what the processor should do, how powerful it should be, and how it would fit into a server, The Information said, citing unidentified people familiar with the matter.
Amazon.com Inc.'s Trainium chip, Google tensor processing units, and Nvidia Corp. graphic processors will remain central to Anthropic's computing strategy, the company told The Information, while declining to comment on its chip plans. Samsung also declined to comment to the news site. AI companies are aiming to diversify their chip supplies to meet surging demand for their services. OpenAI last month unveiled its first custom AI chip with Broadcom Inc., aiming to tailor hardware crucial for running its models to be more efficient.

CNBC reported that Europe's top court on Thursday upheld Google's fine of around 4.1 billion euros ($4.67 billion) over alleged anti-competitive practices, dismissing the company's appeal.
In 2018, the European Commission slapped Google with the record-breaking penalty on the grounds that it abused Android's mobile dominance to give unfair advantage to its own apps via pre-installation deals with smartphone makers.
The European Court of Justice said in a press release it "dismisses the appeal brought by Google and Alphabet against that judgment of the General Court, thereby confirming the penalty imposed on them, as revised by the General Court, for their anticompetitive practices relating to the Android operating system." A lower EU court reduced the fine to the current 4.1 billion euros from 4.34 billion euros in 2022.
The European Commission has been pursuing Google for more than a decade after first opening proceedings in 2015. Google has faced multiple antitrust actions by the Commission, including a 2.95 billion euro fine last year for anti-competitive practices in its advertising technology business.
While antitrust remains a focus for the Commission, the regulator is now also examining big technology firms under the Digital Markets Act, with Apple and Meta also under scrutiny.

On Jul 02, 2026, 16:32 PM(UTC). according to Binance Market Data, MSFTB has achieved a new all-time high, trading at 391.85 USDT. The 24-hour increase of 1.56%

Oil edged lower as flows through the Strait of Hormuz increased further, adding to a surge of near-term supply while talks between the US and Iran continue, according to Bloomberg.

MemeCore's M token rebounded nearly 150% this week after the project's treasury announced a buyback worth more than $10 million.
According to NS3.AI, M was trading at $1.66 after previously falling 76% on June 25 and briefly trading near $0.50.
MemeCore said an internal investigation found no protocol or infrastructure issues related to the earlier decline, though the project’s explanation has not been independently verified.

According to Reuters, Japanese officials are abandoning their habit of telegraphing intervention risks, instead signaling a more targeted campaign to squeeze speculators and raise the cost of betting against the battered yen, according to two sources familiar with the matter.
Departing from the calibrated jawboning that preceded previous intervention bouts, the Ministry of Finance could step in abruptly to wipe out speculative yen positions. Officials are also avoiding any suggestion of a specific "line in the sand" exchange-rate level. The shift reflects a more aggressive MOF approach using silence as a policy tool to keep traders guessing, raising the risk of surprise intervention driven by an accumulation of speculative short-yen bets rather than by the currency crossing a publicly understood threshold.
The MOF's approach and the Bank of Japan's continued hawkish rhetoric signal a coordinated effort to keep yen bears at bay, two other sources said. "The timing of intervention is difficult. The purpose would be to hit speculators hard so if needed, authorities will step in," one source said. "It's not about yen levels" but more about how best to prevent excessive falls.
The previous intervention from April to May, which cost a record 11.7 trillion yen ($72 billion), was well-telegraphed in advance, giving traders time to unwind short positions — future action would eliminate that opportunity. Top currency diplomat Atsushi Mimura has held off on issuing verbal warnings since the last intervention, and Finance Minister Satsuki Katayama avoided escalating rhetoric on Tuesday despite the yen's fall to a 40-year low of 162.66.
Some within the government hope Thursday's US jobs data would scale back bets on an early Fed rate hike, which could slow the dollar's ascent — if not, the chance of intervention could heighten.
US Treasury Secretary Scott Bessent has signaled the need for further BOJ rate hikes while staying mum on Japan's intervention. The BOJ's policy rate at 1% remains far below the Fed's 3.50%-3.75%. The BOJ's quarterly tankan survey on Wednesday showed business sentiment at its highest in eight years and corporate inflation expectations at record highs, reinforcing the case for additional rate increases.
"Japan's policy rate remains low compared with that of other countries. The BOJ's cooperation is necessary to stop the yen's falls," said Mari Iwashita, executive rates strategist at Nomura Securities.

Invesco Advisers Inc.’s head of investment-grade credit for North America, Brill, criticized SpaceX’s inaugural bond sale on Thursday, calling its secondary market performance “very sloppy,” according to Bloomberg.

BitcoinTreasuries.net reported that public Bitcoin treasuries added almost 9,000 BTC ($525 million) in June — or 7,300 BTC net ($427 million) — marking moderate but persistent holdings growth. Two companies drove most of the month's growth: Strategy added 3,625 BTC net, more than any other company but below its average monthly pace and offset by the sale of 32 BTC, while Strive purchased 3,364 BTC, including a 2,500 BTC buy at the start of June that ranks among its largest single acquisitions to date. Each company deployed approximately $200 million, with purchases believed to be largely funded by proceeds from their respective digital credit instruments: STRC and SATA. MARA Holdings added 1,000 BTC per Arkham Intelligence data, CIMG added 207.7 BTC calculated from a $13.5 million stock-and-warrant deal paid entirely in Bitcoin, and DDC Enterprise added 185 BTC over two purchases. Sales and holdings reductions offset growth by almost 1,700 BTC ($99 million), with the largest reductions from Fold Holdings (-633.8 BTC), Nakamoto Inc (-591 BTC), and Hive Digital (-331 BTC). As of June 30, 2026, BitcoinTreasuries.net records public company holdings above 1.26 million BTC valued at over $75 billion, with nearly 4.2 million BTC held across all tracked categories. Despite a drop in STRC and SATA prices, early survey results point to continued investor confidence and high growth expectations for digital credit.

A CITIC Securities research note said the start of U.S.-Iran peace talks and the signing of an agreement in June 2026 led to a sharp pullback in crude oil prices, but the conflict could have a longer-lasting impact on inflation and increase macro volatility, according to 36Kr. The note added that whether the U.S. Federal Reserve begins raising interest rates would have a significant impact on gold and other precious metals. Looking to the third quarter, CITIC Securities expects commodity prices to remain divergent, and said it is positive on copper, lithium carbonate, electrolytic aluminum and coal, citing clearer demand-side support.

On Jul 02, 2026, 13:35 PM(UTC). According to Binance Market Data, Ethereum has crossed the 1,700 USDT benchmark and is now trading at 1,703.209961 USDT, with a narrowed 7.98% increase in 24 hours.

Peter Thiel-backed Erebor Bank is in talks for a new funding round targeting a valuation of at least $8 billion, nearly double its roughly $4.35 billion valuation at the end of last year.
According to Odaily, people familiar with the matter said the bank’s deposits have nearly quadrupled over the past three months.
Erebor Bank was founded five months ago and has already obtained a banking license, as it draws investor interest amid rapid deposit growth.

Several Chinese banks, including Bank of Communications, China Merchants Bank and Industrial and Commercial Bank of China, have announced since June that they will stop providing agency services for individual precious metals trading on the Shanghai Gold Exchange starting in July, according to 36Kr. Industry sources said the move reflects banks' proactive risk management, aimed at shrinking higher-risk speculative business in advance to reduce the risk of client defaults and reputational damage during extreme market swings, while helping investors avoid losses from precious metals price volatility.

Russia is planning to ship up to 3 million barrels per day of crude oil via its western ports in July, sources said. According to Jin10, the plan involves crude oil shipments through Russia’s western ports, with volumes reaching as much as 3 million barrels per day.

U.S. stocks traded in mixed directions, with the three major indexes diverging.
According to Jin10, the Nasdaq fell more than 1%, the S&P 500 declined 0.28%, and the Dow rose 0.64%.

The Philadelphia Semiconductor Index extended its decline to 4%. According to Jin10, the index’s drop widened to 4%.

Oil prices were little changed near pre-war lows as crude flows surged through the Persian Gulf, with traders covering some bearish bets ahead of a US holiday weekend, according to Bloomberg.

Australia’s final S&P Global Composite PMI reading for June was 50.4, up from a previous reading of 49.8. According to Jin10, the figure was reported as the final value for the month.

South Korea’s KOSPI index opened higher on July 3 (Friday), rising 107.5 points, or 1.41%, to 7,755.59.
According to Jin10, Samsung Electronics rose more than 2%, while SK Hynix gained 1%.

Oil extended its decline, falling below pre-war levels as crude flows from the Persian Gulf surged, raising the prospect of a supply surplus, according to Bloomberg.

Silver price volatility has hit a record high since 2025, disrupting operations for many industrial silver users, amid factors including geopolitical uncertainty, shifting expectations for global monetary policy, and changes in supply-demand fundamentals, according to 36Kr. After visiting multiple companies, 36Kr reported that some leading photovoltaic silver-paste manufacturers and upstream suppliers in China have started setting up dedicated futures and options trading teams to hedge silver price exposure in production and operations, and to participate in futures delivery to lock in forward physical silver supply.

Citi analyst Peter Lee said Samsung Electronics' recent share-price pullback may reflect a technical correction, despite market concerns about an oversupply of AI computing capacity. Lee forecast that strong demand for AI central processing units (CPUs) will lift server DRAM prices above expectations, supporting Samsung's second-quarter operating profit at KRW 8.4 trillion, according to 36Kr.

US crude refiners are posting some of their best profit margins in years, signaling that supply-chain disruptions tied to the Strait of Hormuz are still affecting global markets, according to Bloomberg.
The gains come even as energy shipments through the strait have started to pick up, suggesting lingering logistical kinks continue to support refining profitability.

Asian stocks swung between gains and losses, edging higher as investors weighed concerns that the artificial intelligence-fueled rally has run ahead of itself, according to Bloomberg.
Oil extended its decline.

Tech stocks have recently slowed, and traders’ confidence in the outlook has weakened as volatility measures diverged sharply.
According to Jin10, CNBC reported that the volatility gap between the Nasdaq 100 and the S&P 500 has widened to its highest level since the 2008 financial crisis. The report attributed the move mainly to a clear increase in investors’ willingness to buy Nasdaq put options, signaling rising concern about a potential pullback in tech stocks, particularly in the AI segment.
On Thursday, the semiconductor ETF SMH fell more than 5%, further reflecting fading momentum in previously popular tech names.
The report added that while enthusiasm for bullish options has cooled, it remains at a relatively high level. Analysts said summer markets are typically calmer, but tech-stock volatility is still expected to remain higher than the broader market.

Most main futures contracts in China opened higher in early trading, with more gainers than losers. According to Jin10, palladium rose more than 4%.
Lithium carbonate and liquefied petroleum gas (LPG) gained more than 3%. Platinum, Shanghai silver, and methanol rose more than 2%, while asphalt and Shanghai gold climbed nearly 2%.
On the downside, alumina and polysilicon fell nearly 2%. Iron ore declined more than 1%, and palm oil slipped nearly 1%.

US government bonds ended the holiday-shortened week with lower short-term yields after June employment data challenged expectations for Federal Reserve rate hikes this year, according to Bloomberg.
The shift in rate expectations came as investors also weighed moves in oil prices.

U.S. storage-related stocks continued to retreat, with Micron Technology down more than 3%, Western Digital down more than 5%, and SanDisk down more than 9%. According to Jin10, the declines extended an ongoing pullback in the U.S. storage segment.

Market sources said Denmark’s central bank carried out foreign-exchange intervention last month. According to Jin10, the central bank bought 700 million Danish kroner through the intervention.

Kuwait’s crude oil production averaged 1.65 million barrels per day in June, compared with 578,000 barrels per day in May, sources said.
According to Jin10, the sources said Kuwait’s crude output at one point rose to 1.9 million barrels per day during the last 10 days of June.

The Dow extended its gains to more than 1%, while the S&P 500 and the Nasdaq narrowed their declines.
According to Jin10, the S&P 500 was down 0.12% and the Nasdaq was down 0.89%.

Foreign central banks’ holdings of U.S. Treasuries fell by $11.06 billion in the week ending June 26. According to Jin10, the previous reading was an increase of $5.66 billion.

Australia forecast an A$38 billion ($26 billion) lift in export income as commodity and energy prices rise because of the war in Iran, according to Bloomberg.

Citi data showed the market was fully betting on the Nasdaq 100 Index, with investors believing the rally would continue.
According to Jin10, the data indicated positioning was heavily concentrated in the Nasdaq 100, reflecting expectations that the upward move was not yet over.

Stocks stabilized after two days of tech-led losses fueled by concern that the artificial intelligence-driven rally had run ahead of itself, according to Bloomberg.
Gold extended gains on bets the Federal Reserve will wait longer to raise interest rates.

Australia’s National Australia Bank said it was pessimistic about the Australian dollar’s outlook in 2027, citing expectations that the Reserve Bank of Australia will begin cutting interest rates by 75 basis points starting in the second quarter of 2027.
According to Jin10, NAB said it now expected the Australian dollar to end 2027 at 0.6700 against the U.S. dollar, down from its previous expectation of 0.7000. The bank also said it believed the exchange rate would at some point fall to at least 0.6500.
NAB added that if the RBA cuts rates next year while the U.S. Federal Reserve holds steady, the Australian dollar’s outlook would become even more subdued.

China’s ChiNext Index rose more than 1%. According to Jin10, sectors including humanoid robots, defense, and gold posted some of the biggest gains.

Investors requested $15.6 billion in withdrawals from private-credit funds in the second quarter, but fund managers returned only $5.9 billion.
Wall Street Journal (Markets) posted on X, highlighting the gap between redemption requests and the amount paid back by managers.
The figures indicate that investors sought significantly more liquidity than private-credit fund managers provided during the period.