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On June 24, according to Beijing Business Today, during the Summer Davos 2026, CATL founder Zeng Yuqun stated: "China's power grid and energy system are very mature. For the entire industry, the total power consumption of newly added artificial intelligence data centers is not significant compared to the total electricity consumption. The issue lies in whether data centers use fossil fuels or renewable energy. If we consider data centers as a new category, supplying them with renewable energy will pose some difficulties and challenges, as we need sufficient space to build photovoltaic panels, wind power generation, and energy storage facilities. It is commendable that China requires new data centers to use 80% renewable energy; China has the capability to address this issue."

[CATL Founder Zeng Yuqun: AI Power Consumption Is Not as Scary as Imagined]On June 24, according to Beijing Business Today, during the Summer Davos 2026, CATL founder Zeng Yuqun stated: "China's power grid and energy system are very mature. For the entire industry, the total power consumption of newly added artificial intelligence data centers is not significant compared to the total electricity consumption. The issue lies in whether data centers use fossil fuels or renewable energy. If we consider data centers as a new category, supplying them with renewable energy will pose some difficulties and challenges, as we need sufficient space to build photovoltaic panels, wind power generation, and energy storage facilities. It is commendable that China requires new data centers to use 80% renewable energy; China has the capability to address this issue."

CATL Founder Zeng Yuqun: AI Power Consumption Is Not as Scary as Imagined

On June 24, Finance Feeds reported that the American fast food chain Steak 'n Shake stated that since it began accepting Bitcoin payments in May 2025, its payment processing fees have decreased by approximately 50% compared to traditional credit card payments. Company executives noted that this is not only an innovation in brand marketing but also directly reduces payment costs in high-frequency, low-value dining scenarios. Steak 'n Shake previously cited data indicating that if all credit card users switched to Bitcoin payments, it could save about $6 million annually.

[Fast Food Chain Steak 'n Shake: Bitcoin Payments Can Save 50% in Fees]On June 24, Finance Feeds reported that the American fast food chain Steak 'n Shake stated that since it began accepting Bitcoin payments in May 2025, its payment processing fees have decreased by approximately 50% compared to traditional credit card payments. Company executives noted that this is not only an innovation in brand marketing but also directly reduces payment costs in high-frequency, low-value dining scenarios. Steak 'n Shake previously cited data indicating that if all credit card users switched to Bitcoin payments, it could save about $6 million annually.

Fast Food Chain Steak 'n Shake: Bitcoin Payments Can Save 50% in Fees

According to monitoring by Dongcha Beating, Bloomberg reported, citing informed sources, that ByteDance is in preliminary negotiations with banks to raise approximately $20 billion in a syndicated loan. If successful, this would be ByteDance's largest offshore loan to date. The loan is expected to be for a term of three years, with an option to extend to five years. Currently, the fundraising negotiations are still in the early stages, and specific terms and uses of the funds may be adjusted; ByteDance has not yet responded. ByteDance is currently assessing the possibility of increasing its capital expenditure this year to as much as $70 billion, primarily for the expansion of data centers and artificial intelligence infrastructure. If the business and economic environment remains favorable, capital expenditures could rise to $100 billion next year. In comparison, the total planned capital expenditures for this year by four leading U.S. tech giants—Amazon, Google's parent company Alphabet, Microsoft, and Meta—amount to $725 billion, also focusing on AI data center equipment. Recently, SoftBank Group secured a $40 billion bridge loan to fund its investment in OpenAI. ByteDance last entered the global loan market in 2024, raising $10.8 billion through more than 20 domestic and foreign banks. Over the past year, ByteDance has divested businesses such as gaming to raise funds and focus on its core areas of artificial intelligence and social media.

[ByteDance Plans to Raise $20 Billion, Setting Record for Largest Offshore Loan]According to monitoring by Dongcha Beating, Bloomberg reported, citing informed sources, that ByteDance is in preliminary negotiations with banks to raise approximately $20 billion in a syndicated loan. If successful, this would be ByteDance's largest offshore loan to date. The loan is expected to be for a term of three years, with an option to extend to five years. Currently, the fundraising negotiations are still in the early stages, and specific terms and uses of the funds may be adjusted; ByteDance has not yet responded. ByteDance is currently assessing the possibility of increasing its capital expenditure this year to as much as $70 billion, primarily for the expansion of data centers and artificial intelligence infrastructure. If the business and economic environment remains favorable, capital expenditures could rise to $100 billion next year. In comparison, the total planned capital expenditures for this year by four leading U.S. tech giants—Amazon, Google's parent company Alphabet, Microsoft, and Meta—amount to $725 billion, also focusing on AI data center equipment. Recently, SoftBank Group secured a $40 billion bridge loan to fund its investment in OpenAI. ByteDance last entered the global loan market in 2024, raising $10.8 billion through more than 20 domestic and foreign banks. Over the past year, ByteDance has divested businesses such as gaming to raise funds and focus on its core areas of artificial intelligence and social media.

ByteDance Plans to Raise $20 Billion, Setting Record for Largest Offshore Loan

On June 24, Bank of Japan Governor Kazuo Ueda stated on Wednesday that while Japan's economic growth may slow, it will continue to recover moderately. The risk of inflation exceeding 2% remains, and the Bank of Japan will continue to raise interest rates based on economic, price, and financial conditions, while considering the timing and pace of rate hikes in light of the impact of conflicts in the Middle East. He noted that after recent rate increases, the financial environment remains accommodative, continuing to support economic activity. Regarding inflation, he expects to continue raising rates as core inflation approaches 2%, with the timing and pace of future hikes to be carefully examined based on the likelihood and risks of baseline forecasts being realized. Additionally, against the backdrop of high oil prices, underlying inflation may exceed the Bank of Japan's 2% target. He also mentioned that the Bank must closely monitor developments in the Middle East, the profitability of investments related to artificial intelligence, and the potential impact of activities by overseas non-bank financial institutions on the Japanese financial system. Ueda stated, 'Overall, the Japanese financial system remains stable.' This speech was read by Bank of Japan Deputy Governor Masayoshi Amamiya.

[Bank of Japan Governor: Further Rate Hikes Expected as Core Inflation Rises]On June 24, Bank of Japan Governor Kazuo Ueda stated on Wednesday that while Japan's economic growth may slow, it will continue to recover moderately. The risk of inflation exceeding 2% remains, and the Bank of Japan will continue to raise interest rates based on economic, price, and financial conditions, while considering the timing and pace of rate hikes in light of the impact of conflicts in the Middle East. He noted that after recent rate increases, the financial environment remains accommodative, continuing to support economic activity. Regarding inflation, he expects to continue raising rates as core inflation approaches 2%, with the timing and pace of future hikes to be carefully examined based on the likelihood and risks of baseline forecasts being realized. Additionally, against the backdrop of high oil prices, underlying inflation may exceed the Bank of Japan's 2% target. He also mentioned that the Bank must closely monitor developments in the Middle East, the profitability of investments related to artificial intelligence, and the potential impact of activities by overseas non-bank financial institutions on the Japanese financial system. Ueda stated, 'Overall, the Japanese financial system remains stable.' This speech was read by Bank of Japan Deputy Governor Masayoshi Amamiya.

Bank of Japan Governor: Further Rate Hikes Expected as Core Inflation Rises

On June 24, Ningquan Asset, founded by Yang Dong, pointed out in its "2026 Mid-Year Investment Report" released on the 23rd that the current AI bubble is of a global nature. According to the Buffett Indicator, which is the ratio of stock market capitalization to GDP, the ratio reached over 180 at the peak of the internet bubble, while currently in the U.S. it is over 240, and South Korea and Japan are also around 200. Therefore, this bubble is essentially a mega bubble similar to the U.S. internet bubble at the turn of the century; the current frenzy in the South Korean stock market is something we have also experienced.

[Ningquan Asset: Current AI Bubble is a Mega Bubble Comparable to the Internet Bubble at the Turn of the Century]On June 24, Ningquan Asset, founded by Yang Dong, pointed out in its "2026 Mid-Year Investment Report" released on the 23rd that the current AI bubble is of a global nature. According to the Buffett Indicator, which is the ratio of stock market capitalization to GDP, the ratio reached over 180 at the peak of the internet bubble, while currently in the U.S. it is over 240, and South Korea and Japan are also around 200. Therefore, this bubble is essentially a mega bubble similar to the U.S. internet bubble at the turn of the century; the current frenzy in the South Korean stock market is something we have also experienced.

Ningquan Asset: Current AI Bubble is a Mega Bubble Comparable to the Internet Bubble at the Turn of the Century

On June 24, Ningquan Asset, founded by Yang Dong, pointed out in its '2026 Half-Year Investment Report' released on the 23rd that China's AI bubble is primarily centered around the theme of AI infrastructure. We have severely underestimated the extent to which this theme can create such a large bubble, as the business models of related manufacturing companies are mostly very ordinary, with almost no long-term moat, while requiring continuous capital expenditure to maintain growth. A huge demand-driven boom has led to such high valuations and market capitalizations, which we indeed did not anticipate. During the 15-year bull market, there was a term called 'mindless buying', and we are currently in a similar state.

[Ningquan Asset: AI Infrastructure Moat is Extremely Low, Market in 'Mindless Buying' State]On June 24, Ningquan Asset, founded by Yang Dong, pointed out in its '2026 Half-Year Investment Report' released on the 23rd that China's AI bubble is primarily centered around the theme of AI infrastructure. We have severely underestimated the extent to which this theme can create such a large bubble, as the business models of related manufacturing companies are mostly very ordinary, with almost no long-term moat, while requiring continuous capital expenditure to maintain growth. A huge demand-driven boom has led to such high valuations and market capitalizations, which we indeed did not anticipate. During the 15-year bull market, there was a term called 'mindless buying', and we are currently in a similar state.

Ningquan Asset: AI Infrastructure Moat is Extremely Low, Market in 'Mindless Buying' State

Serenity posted on the X platform indicating that the private company OpenLight appears to be continuously expanding. If one looks beyond Advantest in the public ecosystem, related targets include JBL and its partner SIVE for expanding photonic integrated circuits, MRVL and MXL for digital signal processors, TSEM for wafer foundry services, and TFC Optical 300394.SZ (Tianfu Communication) for packaging and subcomponent services. If not a qualified investor, one can typically gain exposure to private growth through public stocks, as participants in the optical field are closely interconnected.

[‘White-Haired Stock God’ Serenity: Public Stocks Offer Exposure to Private Optical Company Growth]Serenity posted on the X platform indicating that the private company OpenLight appears to be continuously expanding. If one looks beyond Advantest in the public ecosystem, related targets include JBL and its partner SIVE for expanding photonic integrated circuits, MRVL and MXL for digital signal processors, TSEM for wafer foundry services, and TFC Optical 300394.SZ (Tianfu Communication) for packaging and subcomponent services. If not a qualified investor, one can typically gain exposure to private growth through public stocks, as participants in the optical field are closely interconnected.

‘White-Haired Stock God’ Serenity: Public Stocks Offer Exposure to Private Optical Company Growth

On June 24, on-chain data showed that long-term Bitcoin holders (commonly referred to as 'OGs') who have held their coins for over five years have recently seen their sell-off activity plummet to its lowest level in nearly two years. According to CryptoQuant data, the average amount of Bitcoin sold by this group of veteran investors over the past 90 days has dropped to 962 coins, marking the lowest point since November 2024 and falling below the 1,000-coin threshold for the first time. This change is significant. Since the beginning of this bull market in early 2023, the selling pressure from the OG group has reached an all-time high in Bitcoin's history, with large-scale sell-off peaks occurring in May 2024, February 2025, and September 2025, where daily sell-offs exceeded 142,000 coins, significantly suppressing prices and being considered one of the key reasons why Bitcoin struggled to maintain its upward momentum after breaking the $100,000 mark last year. CryptoQuant analysts noted that the current slowdown in selling is not coincidental—at around $63,000, the price of Bitcoin is close to the breakeven point for the OG group, who likely purchased their coins at higher prices five years ago. Holding rather than selling has become the rational choice, indicating that a major selling pressure that previously suppressed prices is substantially weakening. Meanwhile, the net outflow of spot ETFs has also significantly narrowed over the past two weeks, resonating with the slowdown in OG sell-offs, as multiple contrarian indicators point towards a potential market bottom. As of the time of publication, Bitcoin was priced at approximately $62,776, remaining relatively stable over the past 24 hours.

[Analysis: Bitcoin 'OG' Sell-Off Drops to Near Two-Year Low, Increasing Signals of Market Bottom]On June 24, on-chain data showed that long-term Bitcoin holders (commonly referred to as 'OGs') who have held their coins for over five years have recently seen their sell-off activity plummet to its lowest level in nearly two years. According to CryptoQuant data, the average amount of Bitcoin sold by this group of veteran investors over the past 90 days has dropped to 962 coins, marking the lowest point since November 2024 and falling below the 1,000-coin threshold for the first time. This change is significant. Since the beginning of this bull market in early 2023, the selling pressure from the OG group has reached an all-time high in Bitcoin's history, with large-scale sell-off peaks occurring in May 2024, February 2025, and September 2025, where daily sell-offs exceeded 142,000 coins, significantly suppressing prices and being considered one of the key reasons why Bitcoin struggled to maintain its upward momentum after breaking the $100,000 mark last year. CryptoQuant analysts noted that the current slowdown in selling is not coincidental—at around $63,000, the price of Bitcoin is close to the breakeven point for the OG group, who likely purchased their coins at higher prices five years ago. Holding rather than selling has become the rational choice, indicating that a major selling pressure that previously suppressed prices is substantially weakening. Meanwhile, the net outflow of spot ETFs has also significantly narrowed over the past two weeks, resonating with the slowdown in OG sell-offs, as multiple contrarian indicators point towards a potential market bottom. As of the time of publication, Bitcoin was priced at approximately $62,776, remaining relatively stable over the past 24 hours.

Analysis: Bitcoin 'OG' Sell-Off Drops to Near Two-Year Low, Increasing Signals of Market Bottom

On June 24, according to SEC filings, Roundhill Investments and T-REX jointly launched the Roundhill T-REX 2X Long DRAM Daily Target ETF, trading under the ticker $RAM, which officially began trading today on the Cboe exchange. Key product details: · Underlying: The fund aims to amplify the daily performance of the Roundhill Memory ETF (Cboe: $DRAM) by 200%, providing 2x daily leveraged exposure; · Fees: The total expense ratio of the fund is 1.50% per year, with a net expense ratio of 1.25% per year, and the fee discount arrangement will last until September 30, 2027; · Management style: RAM is an actively managed ETF that rebalances daily; · Options: Currently, options trading is not supported. The fund holds investment exposure exceeding its net assets, utilizing leverage mechanisms. Additionally, DRAM itself was just launched in 2026, and there is currently no historical performance or volatility data available for reference.

[2x Leverage DRAM ETF Launches Today on Cboe, Betting on Global Memory Chip Market]On June 24, according to SEC filings, Roundhill Investments and T-REX jointly launched the Roundhill T-REX 2X Long DRAM Daily Target ETF, trading under the ticker $RAM, which officially began trading today on the Cboe exchange. Key product details: · Underlying: The fund aims to amplify the daily performance of the Roundhill Memory ETF (Cboe: $DRAM) by 200%, providing 2x daily leveraged exposure; · Fees: The total expense ratio of the fund is 1.50% per year, with a net expense ratio of 1.25% per year, and the fee discount arrangement will last until September 30, 2027; · Management style: RAM is an actively managed ETF that rebalances daily; · Options: Currently, options trading is not supported. The fund holds investment exposure exceeding its net assets, utilizing leverage mechanisms. Additionally, DRAM itself was just launched in 2026, and there is currently no historical performance or volatility data available for reference.

2x Leverage DRAM ETF Launches Today on Cboe, Betting on Global Memory Chip Market

火币HTX报道，在岸人民币兑美元6月23日16:30收盘报6.7865，较上一交易日下跌102点。

【在岸人民币兑美元6月23日16:30收盘报6.7865】火币HTX报道，在岸人民币兑美元6月23日16:30收盘报6.7865，较上一交易日下跌102点。

在岸人民币兑美元6月23日16:30收盘报6.7865

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Article

Bank of America Raises Intel (INTC.US) Price Target from $135 to $160

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在岸人民币兑美元6月23日16:30收盘报6.7865

Clause de non-responsabilité：Le contenu ci-dessus ne représente pas les positions de HTX.，HTX ne fournit pas de recommandations de trading.。

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