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On June 11, Italian historian Professor Carmel from the University of Turin pointed out that the 'elephant in the room' regarding US-Iran negotiations remains unchanged: as long as Israeli Prime Minister Netanyahu is in power, progress towards peace is unlikely. 'At least until the Israeli elections in October, Netanyahu will not allow the war with Iran to end. The negotiations are destined to falter, and similar situations will recur every few days or weeks,' he stated. 'He needs this war to shape his image as an 'indispensable leader in wartime.' Carmel also noted that Trump is a 'key driver of the Israeli right's arrogance. The leaked calls from last week, along with other developments, are largely a show—intended to demonstrate that Trump still has a say with Netanyahu.' (Jinshi)

[University of Turin Expert: US-Iran Negotiations Destined to Falter as Long as Netanyahu Remains in Office]On June 11, Italian historian Professor Carmel from the University of Turin pointed out that the 'elephant in the room' regarding US-Iran negotiations remains unchanged: as long as Israeli Prime Minister Netanyahu is in power, progress towards peace is unlikely. 'At least until the Israeli elections in October, Netanyahu will not allow the war with Iran to end. The negotiations are destined to falter, and similar situations will recur every few days or weeks,' he stated. 'He needs this war to shape his image as an 'indispensable leader in wartime.' Carmel also noted that Trump is a 'key driver of the Israeli right's arrogance. The leaked calls from last week, along with other developments, are largely a show—intended to demonstrate that Trump still has a say with Netanyahu.' (Jinshi)

University of Turin Expert: US-Iran Negotiations Destined to Falter as Long as Netanyahu Remains in Office

On June 11, the Nasdaq 100 Index increased by 1.5%.

[Nasdaq 100 Index Rises by 1.5%]On June 11, the Nasdaq 100 Index increased by 1.5%.

Nasdaq 100 Index Rises by 1.5%

According to market news: The U.S. Treasury Secretary stated that funds from Iranian accounts will be used to compensate Gulf states for their losses.

[U.S. Treasury Secretary Says Funds from Iranian Accounts Will Compensate Gulf States' Losses]According to market news: The U.S. Treasury Secretary stated that funds from Iranian accounts will be used to compensate Gulf states for their losses.

U.S. Treasury Secretary Says Funds from Iranian Accounts Will Compensate Gulf States' Losses

On June 11, the U.S. Department of Justice announced that the U.S. Attorney's Office for the Eastern District of Pennsylvania has charged Ruslan Igorevich Tkachuk and Alexander Vladimirovich Ledenev, residing in Batumi, Georgia, with operating a cryptocurrency money laundering service named AudiA6. Since 2021, they are suspected of laundering over 10,333 bitcoins, amounting to approximately $390 million. The two are charged with conspiracy to commit money laundering and 'trap' money laundering, and are currently detained by Georgian authorities, with the U.S. seeking extradition. Law enforcement agencies coordinated actions across multiple countries to seize servers and domain names, freeze related cryptocurrency assets, and confiscate electronic devices, replacing the AudiA6 website and its advertisements on the Dark2Web forum with law enforcement seizure notices. If convicted, the two could face up to 20 years in prison.

[Two Arrested for Allegedly Laundering $390 Million in Cryptocurrency by U.S. Authorities]On June 11, the U.S. Department of Justice announced that the U.S. Attorney's Office for the Eastern District of Pennsylvania has charged Ruslan Igorevich Tkachuk and Alexander Vladimirovich Ledenev, residing in Batumi, Georgia, with operating a cryptocurrency money laundering service named AudiA6. Since 2021, they are suspected of laundering over 10,333 bitcoins, amounting to approximately $390 million. The two are charged with conspiracy to commit money laundering and 'trap' money laundering, and are currently detained by Georgian authorities, with the U.S. seeking extradition. Law enforcement agencies coordinated actions across multiple countries to seize servers and domain names, freeze related cryptocurrency assets, and confiscate electronic devices, replacing the AudiA6 website and its advertisements on the Dark2Web forum with law enforcement seizure notices. If convicted, the two could face up to 20 years in prison.

Two Arrested for Allegedly Laundering $390 Million in Cryptocurrency by U.S. Authorities

On June 11, the Nasdaq 100 index increased by 1%, while the S&P 500 index rose by 0.5%. The Philadelphia Semiconductor Index surged over 4%, with Intel rising more than 10%, ARM climbing nearly 7%, and AMD increasing by almost 5%.

[U.S. Stocks Rise, Philadelphia Semiconductor Index Up Over 4%]On June 11, the Nasdaq 100 index increased by 1%, while the S&P 500 index rose by 0.5%. The Philadelphia Semiconductor Index surged over 4%, with Intel rising more than 10%, ARM climbing nearly 7%, and AMD increasing by almost 5%.

U.S. Stocks Rise, Philadelphia Semiconductor Index Up Over 4%

On June 11, The Information reported that, amid the current manufacturing capacity shortage, chip companies are increasingly seeking suppliers outside of TSMC. It is reported that Google (GOOG.O) is considering having Samsung Electronics play a key role in the production of its next-generation AI chips. The report states that Google is in discussions with Samsung to potentially use Samsung's 2nm process to manufacture some components of its next-generation TPU (codenamed 'Icefish'). The collaboration with Google could enhance Samsung's position in the advanced chip manufacturing sector.

[Google Reportedly in Talks with Samsung to Co-Develop Next-Generation Chips]On June 11, The Information reported that, amid the current manufacturing capacity shortage, chip companies are increasingly seeking suppliers outside of TSMC. It is reported that Google (GOOG.O) is considering having Samsung Electronics play a key role in the production of its next-generation AI chips. The report states that Google is in discussions with Samsung to potentially use Samsung's 2nm process to manufacture some components of its next-generation TPU (codenamed 'Icefish'). The collaboration with Google could enhance Samsung's position in the advanced chip manufacturing sector.

Google Reportedly in Talks with Samsung to Co-Develop Next-Generation Chips

On June 11, U.S. President Trump stated, "There will be a larger bombing campaign tonight; Iran is finished. I do not want to send ground troops." (Jinshi)

[Trump: Larger Bombing Campaign Tonight]On June 11, U.S. President Trump stated, "There will be a larger bombing campaign tonight; Iran is finished. I do not want to send ground troops." (Jinshi)

Trump: Larger Bombing Campaign Tonight

On June 11, Intel's stock surged by 10% in early trading. This increase follows Bank of America's upgrade of Intel's rating from 'Underperform' to 'Buy', setting a target price of $135. The core reason for this upgrade is Bank of America's growing confidence in the prospects of Intel's server chip business and its external foundry operations. The analysis team stated that previous estimates based on a cumulative valuation method for 2028 underestimated the company's long-term potential in chip manufacturing and foundry services. The bank now expects Intel's earnings per share to exceed $6 by 2030, a significant increase from the previous estimate of $3 to $4.

[Intel Soars 10% as Bank of America Upgrades Rating to 'Buy', Predicts Doubling of Long-Term Profitability]On June 11, Intel's stock surged by 10% in early trading. This increase follows Bank of America's upgrade of Intel's rating from 'Underperform' to 'Buy', setting a target price of $135. The core reason for this upgrade is Bank of America's growing confidence in the prospects of Intel's server chip business and its external foundry operations. The analysis team stated that previous estimates based on a cumulative valuation method for 2028 underestimated the company's long-term potential in chip manufacturing and foundry services. The bank now expects Intel's earnings per share to exceed $6 by 2030, a significant increase from the previous estimate of $3 to $4.

Intel Soars 10% as Bank of America Upgrades Rating to 'Buy', Predicts Doubling of Long-Term Profitability

On June 11, the wholesale prices in the U.S. saw the largest consecutive increase since 2022 in May, putting greater pressure on businesses as they grapple with a new wave of inflation. Data shows that the Producer Price Index (PPI) rose by 1.1% month-over-month, exceeding market expectations of 0.7%. Over the past 12 months, wholesale prices have increased by 6.5%, marking the largest annual increase since the end of 2022. Despite rising costs, businesses have not yet attempted to pass all these new expenses onto customers, who have shown resistance to paying more after experiencing five years of high inflation. However, part of the increase in wholesale prices will inevitably be passed on to consumers. Wholesale prices are where inflation first manifests, and these prices often signal future changes in what consumers will pay. Steve Rick, chief economist at financial services provider TruStage, stated, 'Inflation is becoming difficult to fully eliminate; although prices have retreated from their peak, businesses still face rising costs in labor, transportation, and energy, some of which will ultimately be passed on to consumers.'

[U.S. Wholesale Inflation Surges Again, Continuing Pressure on Businesses and the Economy]On June 11, the wholesale prices in the U.S. saw the largest consecutive increase since 2022 in May, putting greater pressure on businesses as they grapple with a new wave of inflation. Data shows that the Producer Price Index (PPI) rose by 1.1% month-over-month, exceeding market expectations of 0.7%. Over the past 12 months, wholesale prices have increased by 6.5%, marking the largest annual increase since the end of 2022. Despite rising costs, businesses have not yet attempted to pass all these new expenses onto customers, who have shown resistance to paying more after experiencing five years of high inflation. However, part of the increase in wholesale prices will inevitably be passed on to consumers. Wholesale prices are where inflation first manifests, and these prices often signal future changes in what consumers will pay. Steve Rick, chief economist at financial services provider TruStage, stated, 'Inflation is becoming difficult to fully eliminate; although prices have retreated from their peak, businesses still face rising costs in labor, transportation, and energy, some of which will ultimately be passed on to consumers.'

U.S. Wholesale Inflation Surges Again, Continuing Pressure on Businesses and the Economy

SushiSwap today announced the launch of a cross-chain AMM "SushiXSwap" based on Stargate, which allows users to bridge and trade multiple tokens across chains. Supported networks include Optimism, Arbitrum, Fantom, BNB Chain, and Avalanche.
SushiSwap says SushiXSwap is a unified multi-chain user interface for trading tokens between any major chain, enabling users to use protocol liquidity pools on each chain to obtain desired assets on the target chain.

Detail

【SushiSwap launches cross-chain AMM "SushiXSwap" based on Stargate】SushiSwap today announced the launch of a cross-chain AMM "SushiXSwap" based on Stargate, which allows users to bridge and trade multiple tokens across chains. Supported networks include Optimism, Arbitrum, Fantom, BNB Chain, and Avalanche.
SushiSwap says SushiXSwap is a unified multi-chain user interface for trading tokens between any major chain, enabling users to use protocol liquidity pools on each chain to obtain desired assets on the target chain.

SushiSwap launches cross-chain AMM "SushiXSwap" based on Stargate

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Article

trade.xyz Launches Western Digital (WDC) Perpetual Contracts with Up to 10x Leverage

SushiSwap launches cross-chain AMM "SushiXSwap" based on Stargate

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