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On June 21, CITIC Securities stated that the market is experiencing a strong short-term rebound; however, after this rebound, the A-shares may enter a period of volatility. The firm remains optimistic about AI computing power as a core theme for the medium to long-term performance in this bull market. Domestic policy benefits, such as those from the Lujiazui Financial Forum, are expected to continue driving the growth of the innovation and entrepreneurship sector. It is anticipated that the ChiNext and Sci-Tech Innovation Board will maintain their strength. However, high valuations and trading structures may become the main reasons for a potential phase shift in the technology sector.

[CITIC Securities: Continued Optimism for AI Computing Power as a Core Theme in the Current Bull Market]On June 21, CITIC Securities stated that the market is experiencing a strong short-term rebound; however, after this rebound, the A-shares may enter a period of volatility. The firm remains optimistic about AI computing power as a core theme for the medium to long-term performance in this bull market. Domestic policy benefits, such as those from the Lujiazui Financial Forum, are expected to continue driving the growth of the innovation and entrepreneurship sector. It is anticipated that the ChiNext and Sci-Tech Innovation Board will maintain their strength. However, high valuations and trading structures may become the main reasons for a potential phase shift in the technology sector.

CITIC Securities: Continued Optimism for AI Computing Power as a Core Theme in the Current Bull Market

On June 21, a spokesperson for the Qatari Ministry of Foreign Affairs expressed hope that the talks between the United States and Iran would lead to a lasting and comprehensive agreement. A technical and expert group has been established to discuss the terms of the final agreement between the US and Iran; a follow-up group has also been formed to implement the memorandum of understanding until the final agreement is reached.

[Qatar Forms Group to Discuss US-Iran Final Agreement Terms and Implement Memorandum of Understanding]On June 21, a spokesperson for the Qatari Ministry of Foreign Affairs expressed hope that the talks between the United States and Iran would lead to a lasting and comprehensive agreement. A technical and expert group has been established to discuss the terms of the final agreement between the US and Iran; a follow-up group has also been formed to implement the memorandum of understanding until the final agreement is reached.

Qatar Forms Group to Discuss US-Iran Final Agreement Terms and Implement Memorandum of Understanding

According to Token Unlocks data, the following large token unlocks are scheduled for next week: 1. June 26: Sahara AI (SAHARA) will unlock approximately 1.03 billion tokens, valued at around $14.8 million; 2. June 25: Humanity (H) and Plasma (XPL) will unlock approximately 266 million tokens and 88.89 million tokens respectively, valued at approximately $54.8 million and $10.4 million; 3. June 24: Newton Protocol (NEWT) will unlock approximately 139 million tokens, valued at around $7.6 million; 4. June 23: MegaETH (MEGA) will unlock approximately 250 million tokens, valued at around $13.5 million; 5. June 22: MultiBank Group (MBG) will unlock approximately 27.15 million tokens, valued at around $6 million.

[Upcoming Large Token Unlocks: MEGA, XPL, SAHARA, and More, with XPL Unlock Valued at Approximately $10.4 Million]According to Token Unlocks data, the following large token unlocks are scheduled for next week: 1. June 26: Sahara AI (SAHARA) will unlock approximately 1.03 billion tokens, valued at around $14.8 million; 2. June 25: Humanity (H) and Plasma (XPL) will unlock approximately 266 million tokens and 88.89 million tokens respectively, valued at approximately $54.8 million and $10.4 million; 3. June 24: Newton Protocol (NEWT) will unlock approximately 139 million tokens, valued at around $7.6 million; 4. June 23: MegaETH (MEGA) will unlock approximately 250 million tokens, valued at around $13.5 million; 5. June 22: MultiBank Group (MBG) will unlock approximately 27.15 million tokens, valued at around $6 million.

Upcoming Large Token Unlocks: MEGA, XPL, SAHARA, and More, with XPL Unlock Valued at Approximately $10.4 Million

On June 21, according to the Iranian Tasnim News Agency, sources close to the negotiating team stated that the Strait of Hormuz will not be reopened as long as the ceasefire agreement in Lebanon is not adhered to and Iran's oil sales waiver is not approved.

[Ceasefire in Lebanon and Iran's Oil Sales Waiver are Preconditions for the Opening of Hormuz]On June 21, according to the Iranian Tasnim News Agency, sources close to the negotiating team stated that the Strait of Hormuz will not be reopened as long as the ceasefire agreement in Lebanon is not adhered to and Iran's oil sales waiver is not approved.

Ceasefire in Lebanon and Iran's Oil Sales Waiver are Preconditions for the Opening of Hormuz

June 21 - U.S. President Trump: Happy Father's Day! Our country is thriving. Record employment numbers and stock markets, the best economy in history! The strongest military in the world, far ahead. We are winning in every aspect, winning like never before. God bless everyone!

[Trump: America is Thriving and Winning Big on All Fronts]June 21 - U.S. President Trump: Happy Father's Day! Our country is thriving. Record employment numbers and stock markets, the best economy in history! The strongest military in the world, far ahead. We are winning in every aspect, winning like never before. God bless everyone!

Trump: America is Thriving and Winning Big on All Fronts

On June 21, Iranian Foreign Ministry spokesperson Baghaei, accompanying the Iranian negotiation delegation visiting Switzerland, stated that Iran is determined to follow up on the fulfillment process of the commitments made by the other party with a rigorous and serious attitude. Baghaei mentioned that the meeting held in Switzerland that day aimed to follow up on the implementation of relevant provisions in the Iran-U.S. memorandum of understanding. According to Article 13 of the memorandum, the initiation of final agreement negotiations depends on the execution of Articles 1, 4, 5, 10, and 11. It is impossible to enter the negotiation phase for the final agreement before these provisions—especially Article 1 (ending the war on all fronts, including Lebanon)—are fulfilled. The discussions that day focused on the implementation of the aforementioned provisions, particularly Article 1. Additionally, related measures for the execution of Article 10 (Iran's oil exports) and Article 11 (unfreezing Iran's frozen assets) were also reviewed.

[Iranian Foreign Ministry: Iran Will Follow Up on U.S. Commitment Fulfillment]On June 21, Iranian Foreign Ministry spokesperson Baghaei, accompanying the Iranian negotiation delegation visiting Switzerland, stated that Iran is determined to follow up on the fulfillment process of the commitments made by the other party with a rigorous and serious attitude. Baghaei mentioned that the meeting held in Switzerland that day aimed to follow up on the implementation of relevant provisions in the Iran-U.S. memorandum of understanding. According to Article 13 of the memorandum, the initiation of final agreement negotiations depends on the execution of Articles 1, 4, 5, 10, and 11. It is impossible to enter the negotiation phase for the final agreement before these provisions—especially Article 1 (ending the war on all fronts, including Lebanon)—are fulfilled. The discussions that day focused on the implementation of the aforementioned provisions, particularly Article 1. Additionally, related measures for the execution of Article 10 (Iran's oil exports) and Article 11 (unfreezing Iran's frozen assets) were also reviewed.

Iranian Foreign Ministry: Iran Will Follow Up on U.S. Commitment Fulfillment

On June 21, the Qatari Ministry of Foreign Affairs announced that, with the mediation of Qatar and Pakistan, the United States and Iran have initiated negotiations in Switzerland. The Qatari Ministry stated, 'We hope these meetings can lead to a comprehensive and permanent agreement that addresses all issues covered in the memorandum of understanding.' (CCTV International News)

[US and Iran Begin Talks in Switzerland]On June 21, the Qatari Ministry of Foreign Affairs announced that, with the mediation of Qatar and Pakistan, the United States and Iran have initiated negotiations in Switzerland. The Qatari Ministry stated, 'We hope these meetings can lead to a comprehensive and permanent agreement that addresses all issues covered in the memorandum of understanding.' (CCTV International News)

US and Iran Begin Talks in Switzerland

On June 21, global monetary policy is reaching a turning point. Data shows that among the 52 central banks included in the statistics, the number of institutions that raised rates in May was equal to those that cut rates, with both at 26, marking the first time in about two years that this balance has occurred. Previously, the number of rate-cutting central banks had consistently exceeded that of rate-hiking ones. The last time this balance was observed was in early 2021, after which a three-year tightening policy cycle began, peaking in mid-2022 when there were 28 more rate-hiking central banks than rate-cutting ones. Last week, the European Central Bank announced a 25 basis point rate hike to 2.25%, marking its first increase since September 2023; this Tuesday, the Bank of Japan also raised rates by 25 basis points to 1.0%, the highest level since 1995. A new round of global tightening seems to be beginning.

[End of Global Rate Cut Cycle: Equal Number of Rate Hikes and Cuts in May for the First Time Since Early 2021]On June 21, global monetary policy is reaching a turning point. Data shows that among the 52 central banks included in the statistics, the number of institutions that raised rates in May was equal to those that cut rates, with both at 26, marking the first time in about two years that this balance has occurred. Previously, the number of rate-cutting central banks had consistently exceeded that of rate-hiking ones. The last time this balance was observed was in early 2021, after which a three-year tightening policy cycle began, peaking in mid-2022 when there were 28 more rate-hiking central banks than rate-cutting ones. Last week, the European Central Bank announced a 25 basis point rate hike to 2.25%, marking its first increase since September 2023; this Tuesday, the Bank of Japan also raised rates by 25 basis points to 1.0%, the highest level since 1995. A new round of global tightening seems to be beginning.

End of Global Rate Cut Cycle: Equal Number of Rate Hikes and Cuts in May for the First Time Since Early 2021

On June 21, the latest disclosed data revealed that in April, foreign holdings of U.S. Treasury securities increased by $3.9 billion, reaching $9.35 trillion, marking the second highest level in history. Japan, as the largest foreign holder of U.S. debt, raised its holdings by $18.3 billion to $1.21 trillion, the highest since February. The United Kingdom, the second largest holder, increased its holdings by $10.6 billion to a record $937.5 billion. China, the third largest holder, reduced its holdings by $1.2 billion to $651.1 billion, the lowest since September 2008. Meanwhile, Canada, the seventh largest foreign holder, decreased its holdings by $42.3 billion to $397.1 billion, the lowest since January. The U.S. Treasury market is growing, but remains fragmented.

[Foreign Holdings of U.S. Treasury Securities Reach $9.35 Trillion, Second Highest on Record]On June 21, the latest disclosed data revealed that in April, foreign holdings of U.S. Treasury securities increased by $3.9 billion, reaching $9.35 trillion, marking the second highest level in history. Japan, as the largest foreign holder of U.S. debt, raised its holdings by $18.3 billion to $1.21 trillion, the highest since February. The United Kingdom, the second largest holder, increased its holdings by $10.6 billion to a record $937.5 billion. China, the third largest holder, reduced its holdings by $1.2 billion to $651.1 billion, the lowest since September 2008. Meanwhile, Canada, the seventh largest foreign holder, decreased its holdings by $42.3 billion to $397.1 billion, the lowest since January. The U.S. Treasury market is growing, but remains fragmented.

Foreign Holdings of U.S. Treasury Securities Reach $9.35 Trillion, Second Highest on Record

On June 20, Tencent Customer Service stated that WeChat Xiao Wei (Smart Assistant) is a native AI assistant being tested by the WeChat team in a limited scope, and it is still in the testing phase. The customer service representative mentioned that WeChat Xiao Wei supports operations of WeChat's native features through text or voice conversations, such as adjusting settings, sending messages, and making calls. Xiao Wei currently utilizes multiple AI models, including Tencent's self-developed models and high-quality open-source models. 'The current gray-scale testing of WeChat Xiao Wei covers multiple systems, and specific participation qualifications are subject to the actual page display,' the representative said. Click the link below to join the Beating · Feishu AI news channel, which monitors global AI hotspots and news 24/7.

[Tencent Customer Service: WeChat is Gradually Testing AI Assistant 'Xiao Wei']On June 20, Tencent Customer Service stated that WeChat Xiao Wei (Smart Assistant) is a native AI assistant being tested by the WeChat team in a limited scope, and it is still in the testing phase. The customer service representative mentioned that WeChat Xiao Wei supports operations of WeChat's native features through text or voice conversations, such as adjusting settings, sending messages, and making calls. Xiao Wei currently utilizes multiple AI models, including Tencent's self-developed models and high-quality open-source models. 'The current gray-scale testing of WeChat Xiao Wei covers multiple systems, and specific participation qualifications are subject to the actual page display,' the representative said. Click the link below to join the Beating · Feishu AI news channel, which monitors global AI hotspots and news 24/7.

Tencent Customer Service: WeChat is Gradually Testing AI Assistant 'Xiao Wei'

Ripple Launches XRPL AI Starter Kit For XRP And RLUSD Agent Payments

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Tencent Customer Service: WeChat is Gradually Testing AI Assistant 'Xiao Wei'

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