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China blocks rare Earth exports to US firms tied to AI supply chain
The Chinese government has blocked dual-use exports to ten US corporations on Monday (June 22). Two companies are producing rare earth elements, which are part of the US semiconductor and AI hardware production chain. This move could disrupt supply chains for chips, magnets, and advanced computing components. According to the official statement released by China’s...Cryptopolitan
Mon, Jun 22
South Korea’s 60% export surge is pulling billions from crypto
Preliminary data released Monday showed South Korea’s exports climbed 60.4% from a year earlier for the first 20 days of June. So far, adjusted exports surged nearly 50%, almost matching May’s hot pace of 52.6%. The surge, driven largely by artificial intelligence (AI) demand, has not only elevated the country’s trade surplus but is also...Cryptopolitan
Mon, Jun 22
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC recovers, Ethereum clings to support, XRP consolidates
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) begin the week on a steadier footing after correcting by nearly 4%, 2% and 6%, respectively, in the previous week. BTC is attempting a modest recovery, trading above $64,500 on Monday, while ETH continues to defend the crucial $1,700 support level.
Republicans now use crypto more than Democrats
Crypto ownership in the U.S. now leans Republican, and the numbers are no longer subtle. A Pew Research Center poll published on June 8 found that 22% of Republicans said they had invested in, traded, or used crypto, including assets like Bitcoin and Ether. Democrats came in lower at 17%. Pew surveyed 8,512 U.S. adults...Cryptopolitan
Sun, Jun 21
Trump backs the U.S. taking ownership stakes in major AI firms
Vice President JD Vance said that Trump wants the U.S. government to have a stake in the country’s successful AI giants. He backs the idea as a sovereign wealth fund, making him “a very unconventional person” Vance shared Trump’s plan on The Diary Of A CEO episode on Thursday. Vance added that it was an...Cryptopolitan
Sun, Jun 21
WSJ probe turns scrutiny on Polymarket as prediction markets open interest hits $1.48B
Even though one of the biggest brands in the industry is facing difficult issues about how it presents itself, prediction markets are making record profits. Prediction market open interest reached a record $1.48 billion in the week ending June 15, a second consecutive all-time high, according to a16z Crypto. Unlike trading volume, which only monitors...Cryptopolitan
Sun, Jun 21
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Today’s Market Recap: U.S. Stocks Rebound as Nasdaq Gains 1.11%, Memory Chip Stocks Rally, SanDisk Jumps 5.5%
US Stocks Close: Nasdaq Rises 1.1% as Tech Stocks Rebound, Memory Stocks Lead Gains With Micron Up Nearly 3%
Tesla Q3 Earnings Preview: Can Auto Margins Stabilize? Wall Street’s Highest Price Target at $550
US Memory Sector Slides Again Pre-Market as Micron, SanDisk, Western Digital Erase Monday Gains
Apple Retreats Below $340 After Surge: Can First Touchscreen MacBook Pro Help Stock Reach New Highs?
