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On June 24, the KOSPI index in South Korea expanded its gains to 2.5%, with Samsung Electronics' stock price rising by 3% and SK Hynix increasing by 3.4%. (Financial Associated Press)

[KOSPI Index in South Korea Rises 2.5%, SK Hynix Up 3.4%]On June 24, the KOSPI index in South Korea expanded its gains to 2.5%, with Samsung Electronics' stock price rising by 3% and SK Hynix increasing by 3.4%. (Financial Associated Press)

KOSPI Index in South Korea Rises 2.5%, SK Hynix Up 3.4%

On the afternoon of June 23 local time, the U.S. Senate passed a bill requiring President Trump to cease military operations against Iran and withdraw U.S. troops from hostile actions involving Iran. The vote resulted in 50 in favor, 48 against, with two Republican senators absent. This war powers resolution had previously passed in the House of Representatives earlier this month. It marks the first time since the enactment of the War Powers Act of 1973 that both chambers of Congress have passed a resolution together. However, the vote is likely to be largely symbolic. According to the War Powers Act of 1973, a 'joint resolution' passed by both chambers does not need to be sent to the White House for presidential signature. Congress intended this law to serve as a mechanism to terminate military actions. However, legal experts believe the issue remains unresolved—no war powers resolution has ever been passed by both chambers before; and a 1983 U.S. Supreme Court ruling stated that such measures must be submitted to the president for signature or veto to have legal effect. The White House maintains that the War Powers Act is unconstitutional, thus rendering it non-binding. (Sina Finance)

[U.S. Congress Orders Trump to Withdraw Troops from Iran Operations]On the afternoon of June 23 local time, the U.S. Senate passed a bill requiring President Trump to cease military operations against Iran and withdraw U.S. troops from hostile actions involving Iran. The vote resulted in 50 in favor, 48 against, with two Republican senators absent. This war powers resolution had previously passed in the House of Representatives earlier this month. It marks the first time since the enactment of the War Powers Act of 1973 that both chambers of Congress have passed a resolution together. However, the vote is likely to be largely symbolic. According to the War Powers Act of 1973, a 'joint resolution' passed by both chambers does not need to be sent to the White House for presidential signature. Congress intended this law to serve as a mechanism to terminate military actions. However, legal experts believe the issue remains unresolved—no war powers resolution has ever been passed by both chambers before; and a 1983 U.S. Supreme Court ruling stated that such measures must be submitted to the president for signature or veto to have legal effect. The White House maintains that the War Powers Act is unconstitutional, thus rendering it non-binding. (Sina Finance)

U.S. Congress Orders Trump to Withdraw Troops from Iran Operations

On June 24, according to CME's 'FedWatch' data, the probability of the Federal Reserve keeping interest rates unchanged in July is currently reported at 65.8%, while the probability of a 25 basis point rate hike is at 34.2%.

[Probability of Fed Raising Rates by 25 Basis Points in July at 34.2%]On June 24, according to CME's 'FedWatch' data, the probability of the Federal Reserve keeping interest rates unchanged in July is currently reported at 65.8%, while the probability of a 25 basis point rate hike is at 34.2%.

Probability of Fed Raising Rates by 25 Basis Points in July at 34.2%

On June 24, according to data from Coinglass, a total of $650 million was liquidated across the network in the past 24 hours, with $585 million from long positions and $65.16 million from short positions.

[$650 Million Liquidated in the Last 24 Hours, Mainly Long Positions]On June 24, according to data from Coinglass, a total of $650 million was liquidated across the network in the past 24 hours, with $585 million from long positions and $65.16 million from short positions.

$650 Million Liquidated in the Last 24 Hours, Mainly Long Positions

On June 24, The New York Times reported that prediction market platforms Polymarket and Kalshi have become some of the fastest-growing platforms on the internet, allowing users to predict outcomes of various events, from Super Bowl results to the duration of the U.S. President's State of the Union address. Now, Zuckerberg has also noticed this trend and aims to enter this field. According to two informed employees, Meta CEO Zuckerberg has recently assembled a small team to develop a smartphone app similar to Polymarket and Kalshi. However, users will initially not use real money for betting; the app may adopt a points system similar to video games for predictions and rankings, although the company has not ruled out the possibility of introducing real betting features in the future. This app is internally referred to as 'Arena' and will operate independently from Meta's existing social products, including Facebook, Instagram, WhatsApp, and Messenger. Insiders indicate that Meta plans to leverage its vast social network user base to drive traffic to Arena and encourage user engagement with the product. The project is currently still in the experimental phase but has been designated as one of the company's key initiatives. This is also part of Zuckerberg's strategy to explore new social behaviors and product forms. Currently, the total daily active users across Meta's applications exceed 3.56 billion, and the market is beginning to question whether user growth on its core social platform is nearing a ceiling. Meta Platforms (META.O) is also attempting to develop an application called Meta Photos, which will utilize artificial intelligence to create new forms of media.

[Zuckerberg Directs Meta to Develop Prediction Market App, Internally Called 'Arena']On June 24, The New York Times reported that prediction market platforms Polymarket and Kalshi have become some of the fastest-growing platforms on the internet, allowing users to predict outcomes of various events, from Super Bowl results to the duration of the U.S. President's State of the Union address. Now, Zuckerberg has also noticed this trend and aims to enter this field. According to two informed employees, Meta CEO Zuckerberg has recently assembled a small team to develop a smartphone app similar to Polymarket and Kalshi. However, users will initially not use real money for betting; the app may adopt a points system similar to video games for predictions and rankings, although the company has not ruled out the possibility of introducing real betting features in the future. This app is internally referred to as 'Arena' and will operate independently from Meta's existing social products, including Facebook, Instagram, WhatsApp, and Messenger. Insiders indicate that Meta plans to leverage its vast social network user base to drive traffic to Arena and encourage user engagement with the product. The project is currently still in the experimental phase but has been designated as one of the company's key initiatives. This is also part of Zuckerberg's strategy to explore new social behaviors and product forms. Currently, the total daily active users across Meta's applications exceed 3.56 billion, and the market is beginning to question whether user growth on its core social platform is nearing a ceiling. Meta Platforms (META.O) is also attempting to develop an application called Meta Photos, which will utilize artificial intelligence to create new forms of media.

Zuckerberg Directs Meta to Develop Prediction Market App, Internally Called 'Arena'

On June 24, it was reported that amidst a significant drop in the PCB sector on June 23, multiple discussions emerged around the industry chain. On one hand, rumors circulated in the market stating that 'NVIDIA requires PCB manufacturers to reduce prices by 10%' and 'Shenghong Technology's expansion is dragging down Rubin platform shipments.' In response, reporters sought verification from PCB manufacturers and market insiders. Several interviewees indicated that these rumors are clearly exaggerated and misinterpreted, particularly the claim that 'Shenghong Technology is causing delays for Rubin,' which lacks industrial logic support. On the other hand, foreign investment bank Jefferies recently released a research report stating that the Kyber backplane PCB plan, originally scheduled for implementation in 2027, may be delayed until 2028, sparking discussions in the market regarding the prosperity of AI PCBs. (Shanghai Securities Journal)

[NVIDIA Requests 10% Price Cut from PCB Manufacturers? Industry Sources Claim Rumors are Exaggerated and Misinterpreted]On June 24, it was reported that amidst a significant drop in the PCB sector on June 23, multiple discussions emerged around the industry chain. On one hand, rumors circulated in the market stating that 'NVIDIA requires PCB manufacturers to reduce prices by 10%' and 'Shenghong Technology's expansion is dragging down Rubin platform shipments.' In response, reporters sought verification from PCB manufacturers and market insiders. Several interviewees indicated that these rumors are clearly exaggerated and misinterpreted, particularly the claim that 'Shenghong Technology is causing delays for Rubin,' which lacks industrial logic support. On the other hand, foreign investment bank Jefferies recently released a research report stating that the Kyber backplane PCB plan, originally scheduled for implementation in 2027, may be delayed until 2028, sparking discussions in the market regarding the prosperity of AI PCBs. (Shanghai Securities Journal)

NVIDIA Requests 10% Price Cut from PCB Manufacturers? Industry Sources Claim Rumors are Exaggerated and Misinterpreted

On June 24, official news announced that Google A (GOOGL.O) will replace Verizon (VZ.N) in the Dow Jones Industrial Average before the market opens on June 29.

[Google A (GOOGL.O) to be Added to Dow Jones Industrial Average]On June 24, official news announced that Google A (GOOGL.O) will replace Verizon (VZ.N) in the Dow Jones Industrial Average before the market opens on June 29.

Google A (GOOGL.O) to be Added to Dow Jones Industrial Average

On June 24, AI chip manufacturer Cerebras Systems released its first earnings report following its IPO in May. The stock fell 11% in after-hours trading due to the company's forecast of declining profit margins for the next quarter. The earnings report indicated that first-quarter revenue reached $193.4 million, nearly doubling compared to the same period last year; the adjusted net loss was $2.5 million, significantly better than analysts' previous expectations of a $36.75 million loss. For the second quarter, the company expects revenue to be approximately $194 million. However, investors are currently more focused on the core gross margin performance. Cerebras anticipates that the core gross margin for the second quarter will be between 36% and 38%, down from 46.5% in the first quarter. Cerebras completed its IPO in May at a price of $185 per share, raising $6 billion. After the IPO, the stock initially surged to a high of $385 but has since continued to decline. The after-hours stock price has further dropped 11%, now at $201.55.

[Cerebras Shares Drop 11% After First Post-IPO Earnings Report]On June 24, AI chip manufacturer Cerebras Systems released its first earnings report following its IPO in May. The stock fell 11% in after-hours trading due to the company's forecast of declining profit margins for the next quarter. The earnings report indicated that first-quarter revenue reached $193.4 million, nearly doubling compared to the same period last year; the adjusted net loss was $2.5 million, significantly better than analysts' previous expectations of a $36.75 million loss. For the second quarter, the company expects revenue to be approximately $194 million. However, investors are currently more focused on the core gross margin performance. Cerebras anticipates that the core gross margin for the second quarter will be between 36% and 38%, down from 46.5% in the first quarter. Cerebras completed its IPO in May at a price of $185 per share, raising $6 billion. After the IPO, the stock initially surged to a high of $385 but has since continued to decline. The after-hours stock price has further dropped 11%, now at $201.55.

Cerebras Shares Drop 11% After First Post-IPO Earnings Report

On June 24, a poll released by Reuters and Ipsos on the 23rd showed that more than half of Americans believe that the military action launched against Iran at the end of February is 'not worth it.' President Trump's approval rating has dropped to 34%, the lowest level since the beginning of his second term. According to the poll results, 52% of respondents feel that this military conflict is 'not worth it.' Additionally, about 35% of respondents believe that the U.S. position on the Iran issue has weakened compared to before the conflict. On the 17th, the presidents of the U.S. and Iran signed a memorandum of understanding remotely, initiating a 60-day negotiation period to reach a final agreement. Approximately 63% of respondents believe the memorandum is unlikely to lead to lasting peace between the two countries, while only 18% think lasting peace is achievable. (Xinhua News Agency)

[Poll: Over Half of Americans Disapprove of Military Action Against Iran]On June 24, a poll released by Reuters and Ipsos on the 23rd showed that more than half of Americans believe that the military action launched against Iran at the end of February is 'not worth it.' President Trump's approval rating has dropped to 34%, the lowest level since the beginning of his second term. According to the poll results, 52% of respondents feel that this military conflict is 'not worth it.' Additionally, about 35% of respondents believe that the U.S. position on the Iran issue has weakened compared to before the conflict. On the 17th, the presidents of the U.S. and Iran signed a memorandum of understanding remotely, initiating a 60-day negotiation period to reach a final agreement. Approximately 63% of respondents believe the memorandum is unlikely to lead to lasting peace between the two countries, while only 18% think lasting peace is achievable. (Xinhua News Agency)

Poll: Over Half of Americans Disapprove of Military Action Against Iran

火币HTX报道，6月20日，伊朗武装部队哈塔姆安比亚中央总部当地时间20日表示，霍尔木兹海峡将对所有船只航行关闭。（央视新闻）

【伊朗军方宣布关闭霍尔木兹海峡】火币HTX报道，6月20日，伊朗武装部队哈塔姆安比亚中央总部当地时间20日表示，霍尔木兹海峡将对所有船只航行关闭。（央视新闻）

伊朗军方宣布关闭霍尔木兹海峡

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伊朗军方宣布关闭霍尔木兹海峡

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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