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On June 24, Iranian Parliament Speaker Mohammad Baqer Qalibaf stated that Iran has not abandoned its friends and strategic partners even under the most difficult and complex conditions. For Iran, the ceasefire in Lebanon is equally important as its own ceasefire. Qalibaf emphasized that Iran views the withdrawal of foreign military forces from the region as a strategic goal. Experience has shown that foreign military bases in West Asia have not brought lasting security but have instead become sources of turmoil. He also expressed Iran's sincere willingness to announce to all Islamic countries, especially regional states and Gulf countries, that Iran is ready to reach a security agreement, which will be reinforced through economic cooperation, making the region safe for all investors and achieving overall security in the face of common enemies. (CCTV International News)

[Iran Expresses Readiness to Reach Security Agreement with Gulf States]On June 24, Iranian Parliament Speaker Mohammad Baqer Qalibaf stated that Iran has not abandoned its friends and strategic partners even under the most difficult and complex conditions. For Iran, the ceasefire in Lebanon is equally important as its own ceasefire. Qalibaf emphasized that Iran views the withdrawal of foreign military forces from the region as a strategic goal. Experience has shown that foreign military bases in West Asia have not brought lasting security but have instead become sources of turmoil. He also expressed Iran's sincere willingness to announce to all Islamic countries, especially regional states and Gulf countries, that Iran is ready to reach a security agreement, which will be reinforced through economic cooperation, making the region safe for all investors and achieving overall security in the face of common enemies. (CCTV International News)

Iran Expresses Readiness to Reach Security Agreement with Gulf States

On June 24, Ningquan Asset, founded by Yang Dong, stated in its "2026 Mid-Year Investment Report" released on the 23rd: Our current holdings, aside from internet giants, can largely be divided into two parts: one part consists of undervalued, high-dividend companies with solid industry positions and good cash flow, including telecom operators, home appliance stocks, power stocks, financial stocks, chemical stocks, and property service stocks, among others. These companies were already quite cheap, and now they have become even cheaper due to further pressure, with a significant portion offering dividend rates above 5%, and some even reaching 8-10%. Many of these companies have also been repurchasing their shares. In the current environment of such low-risk interest rates, these types of assets should ideally have strong demand; however, even if they are temporarily disdained, we believe they will surely recover in the future. Additionally, we have also invested in some heavily depressed cyclical industries, primarily leading companies in real estate development and related building materials, as well as leaders in the photovoltaic sector. The adjustment period, magnitude of adjustment, and severity of losses in these two industries are extremely rare. Mr. Market tends to assign very high prices during periods of high prosperity, as seen with the current AI infrastructure theme stocks and the new energy stocks from previous years; conversely, during times of poor industry conditions, Mr. Market applies significant price discounts to the same companies. This may be the very source of the cyclical investment's ability to generate good profits—during high and low cycles, PB valuations can differ by over ten times, while the fundamental nature of the companies does not change significantly.

[Ningquan Asset: The Disdained 'Undervalued' Future Will Surely Recover]On June 24, Ningquan Asset, founded by Yang Dong, stated in its "2026 Mid-Year Investment Report" released on the 23rd: Our current holdings, aside from internet giants, can largely be divided into two parts: one part consists of undervalued, high-dividend companies with solid industry positions and good cash flow, including telecom operators, home appliance stocks, power stocks, financial stocks, chemical stocks, and property service stocks, among others. These companies were already quite cheap, and now they have become even cheaper due to further pressure, with a significant portion offering dividend rates above 5%, and some even reaching 8-10%. Many of these companies have also been repurchasing their shares. In the current environment of such low-risk interest rates, these types of assets should ideally have strong demand; however, even if they are temporarily disdained, we believe they will surely recover in the future. Additionally, we have also invested in some heavily depressed cyclical industries, primarily leading companies in real estate development and related building materials, as well as leaders in the photovoltaic sector. The adjustment period, magnitude of adjustment, and severity of losses in these two industries are extremely rare. Mr. Market tends to assign very high prices during periods of high prosperity, as seen with the current AI infrastructure theme stocks and the new energy stocks from previous years; conversely, during times of poor industry conditions, Mr. Market applies significant price discounts to the same companies. This may be the very source of the cyclical investment's ability to generate good profits—during high and low cycles, PB valuations can differ by over ten times, while the fundamental nature of the companies does not change significantly.

Ningquan Asset: The Disdained 'Undervalued' Future Will Surely Recover

On June 24, SK Hynix announced plans to raise up to 45 trillion Korean won (approximately $29 billion) through an American Depositary Receipt (ADR) listing, which is set to launch in July. The proceeds will be used to build a factory in South Korea and purchase EUV equipment.

[SK Hynix Plans to Raise Approximately $29 Billion Through ADR Listing]On June 24, SK Hynix announced plans to raise up to 45 trillion Korean won (approximately $29 billion) through an American Depositary Receipt (ADR) listing, which is set to launch in July. The proceeds will be used to build a factory in South Korea and purchase EUV equipment.

SK Hynix Plans to Raise Approximately $29 Billion Through ADR Listing

On June 24, Naftali Bennett, leader of the Israeli opposition and former Prime Minister, publicly acknowledged on June 23 that during his tenure from 2021 to 2022, he procured tens of thousands of SpaceX Starlink satellite receivers and secretly smuggled them into Iran to support anti-government protesters attempting to overthrow the Iranian regime. Bennett stated that the current Netanyahu government has failed to continue this initiative. This statement marks the first public confirmation of such actions by an Israeli official, following multiple accusations from Iran that Israel and the United States have smuggled satellite equipment into its territory to undermine national security. Starlink has not received operational approval in Iran, but Musk previously indicated that services were available within the country. The report also revealed a broader picture of Israeli intelligence operations in Iran. Mossad has long used technological means to infiltrate and monitor Iranian surveillance and traffic cameras, combining AI technology with satellite imagery to construct intelligence puzzles; in the April 2026 Hezbollah pager explosion incident, Mossad had implanted micro-explosives in thousands of devices in advance, resulting in casualties among several mid-level commanders; in the same month, a large number of U.S.-made core communication devices in Iran collectively malfunctioned, forcing authorities to frequently implement international cyber isolation. Politically, Israel's next election is scheduled to be held no later than October this year, with Netanyahu's approval rating dropping from 40.5% in early March to 29.4%. Bennett stated that if he returns to power, he will work to overthrow the Iranian regime through economic sabotage and industrial disruption.

[High Official Admits: Smuggled Thousands of SpaceX Starlink Devices to Iran to Overthrow Regime]On June 24, Naftali Bennett, leader of the Israeli opposition and former Prime Minister, publicly acknowledged on June 23 that during his tenure from 2021 to 2022, he procured tens of thousands of SpaceX Starlink satellite receivers and secretly smuggled them into Iran to support anti-government protesters attempting to overthrow the Iranian regime. Bennett stated that the current Netanyahu government has failed to continue this initiative. This statement marks the first public confirmation of such actions by an Israeli official, following multiple accusations from Iran that Israel and the United States have smuggled satellite equipment into its territory to undermine national security. Starlink has not received operational approval in Iran, but Musk previously indicated that services were available within the country. The report also revealed a broader picture of Israeli intelligence operations in Iran. Mossad has long used technological means to infiltrate and monitor Iranian surveillance and traffic cameras, combining AI technology with satellite imagery to construct intelligence puzzles; in the April 2026 Hezbollah pager explosion incident, Mossad had implanted micro-explosives in thousands of devices in advance, resulting in casualties among several mid-level commanders; in the same month, a large number of U.S.-made core communication devices in Iran collectively malfunctioned, forcing authorities to frequently implement international cyber isolation. Politically, Israel's next election is scheduled to be held no later than October this year, with Netanyahu's approval rating dropping from 40.5% in early March to 29.4%. Bennett stated that if he returns to power, he will work to overthrow the Iranian regime through economic sabotage and industrial disruption.

High Official Admits: Smuggled Thousands of SpaceX Starlink Devices to Iran to Overthrow Regime

On June 24, SK Hynix shares rose 5.5% in after-hours trading. In news, SK Hynix is seeking to begin trading American Depositary Receipts (ADRs) on July 10, planning to issue 17.9 million new shares at a price of 255,500 Korean won per share, aiming to raise up to 45.45 trillion won (approximately 29 billion USD).

[SK Hynix Shares Rise 5.5% in After-Hours Trading]On June 24, SK Hynix shares rose 5.5% in after-hours trading. In news, SK Hynix is seeking to begin trading American Depositary Receipts (ADRs) on July 10, planning to issue 17.9 million new shares at a price of 255,500 Korean won per share, aiming to raise up to 45.45 trillion won (approximately 29 billion USD).

SK Hynix Shares Rise 5.5% in After-Hours Trading

On June 24, the U.S. stock market's AI industry chain faces a critical test. Micron Technology (MU), a global leader in memory chips, is set to release its earnings report after the market closes today. However, just before the report, its stock price has corrected over 13% from recent highs, raising concerns about the future trajectory of the AI sector. Market analysts believe that this adjustment is not due to Micron's own poor performance, but rather influenced by a broader pullback in the global semiconductor sector. Recently, leading memory chip manufacturers like SK Hynix and Samsung Electronics have been under pressure, leading to market worries that the AI industry chain has seen excessive gains and high valuations, prompting some investors to take profits before the earnings report. Additionally, there is a divergence among investors regarding the future demand growth for high-bandwidth memory (HBM) and changes in industry supply and demand. As Micron is at the core of the AI server industry chain, its earnings report is seen as an important barometer for assessing the current AI investment boom. If it continues to signal strong demand for AI data centers and a supply shortage of HBM, it could boost sentiment in the Nvidia supply chain and the semiconductor sector; conversely, it may trigger a further reassessment of valuations in the AI sector. As a global one-stop multi-asset allocation platform, BiyaPay supports investments in diverse markets including U.S. stocks, Hong Kong stocks, and digital assets, and offers zero-commission trading services for U.S. stocks, allowing users to stay updated on global tech leaders and seize investment opportunities brought by the AI wave.

[Micron's Stock Plummets 13% Before Earnings Report: Can the AI Bull Market Continue?]On June 24, the U.S. stock market's AI industry chain faces a critical test. Micron Technology (MU), a global leader in memory chips, is set to release its earnings report after the market closes today. However, just before the report, its stock price has corrected over 13% from recent highs, raising concerns about the future trajectory of the AI sector. Market analysts believe that this adjustment is not due to Micron's own poor performance, but rather influenced by a broader pullback in the global semiconductor sector. Recently, leading memory chip manufacturers like SK Hynix and Samsung Electronics have been under pressure, leading to market worries that the AI industry chain has seen excessive gains and high valuations, prompting some investors to take profits before the earnings report. Additionally, there is a divergence among investors regarding the future demand growth for high-bandwidth memory (HBM) and changes in industry supply and demand. As Micron is at the core of the AI server industry chain, its earnings report is seen as an important barometer for assessing the current AI investment boom. If it continues to signal strong demand for AI data centers and a supply shortage of HBM, it could boost sentiment in the Nvidia supply chain and the semiconductor sector; conversely, it may trigger a further reassessment of valuations in the AI sector. As a global one-stop multi-asset allocation platform, BiyaPay supports investments in diverse markets including U.S. stocks, Hong Kong stocks, and digital assets, and offers zero-commission trading services for U.S. stocks, allowing users to stay updated on global tech leaders and seize investment opportunities brought by the AI wave.

Micron's Stock Plummets 13% Before Earnings Report: Can the AI Bull Market Continue?

On June 24, Reuters reported that the Japanese government is exploring ways to adjust the management of its approximately $1.3 trillion foreign exchange reserves to improve asset returns. A growth strategy draft reviewed this Wednesday indicates that authorities plan to evaluate public asset management methods, including special accounts for foreign exchange funds, while adhering to the original purpose of the foreign reserves. This move is closely related to the recent intervention pressures Japan has faced. In late April this year, after the dollar-yen exchange rate surpassed the 160 mark, the Japanese government spent about $73 billion to buy yen in the market. However, this led to a historic 5.6% drop in foreign reserves in May, with the intervention showing limited effectiveness—on Wednesday, the dollar-yen exchange rate rose again to around 161.70, just shy of the highest point of 161.96 since 1986. Japanese Finance Minister Shunichi Suzuki has held an online meeting with U.S. Treasury Secretary Janet Yellen to discuss the significant depreciation of the yen and potential intervention measures. Prime Minister Fumio Kishida previously stated that the yen's depreciation has led to 'very impressive' performance of the foreign reserves, and some officials believe she may intend to use related gains to support the controversial policy of suspending the food consumption tax. However, officials generally remain cautious. Insiders point out that the core function of foreign reserves is to provide readily available funds for exchange rate intervention, and a significant reallocation is not realistic. 'If investment returns are blindly pursued in a way that contradicts the original purpose of foreign reserves, it will face significant operational difficulties.' The current draft does not disclose specific adjustment directions, and the composition of foreign reserves is believed to be primarily allocated to U.S. Treasury bonds.

[Japan Considers Optimizing $1.3 Trillion Foreign Reserve Management to Enhance Returns Amidst Intervention Pressure]On June 24, Reuters reported that the Japanese government is exploring ways to adjust the management of its approximately $1.3 trillion foreign exchange reserves to improve asset returns. A growth strategy draft reviewed this Wednesday indicates that authorities plan to evaluate public asset management methods, including special accounts for foreign exchange funds, while adhering to the original purpose of the foreign reserves. This move is closely related to the recent intervention pressures Japan has faced. In late April this year, after the dollar-yen exchange rate surpassed the 160 mark, the Japanese government spent about $73 billion to buy yen in the market. However, this led to a historic 5.6% drop in foreign reserves in May, with the intervention showing limited effectiveness—on Wednesday, the dollar-yen exchange rate rose again to around 161.70, just shy of the highest point of 161.96 since 1986. Japanese Finance Minister Shunichi Suzuki has held an online meeting with U.S. Treasury Secretary Janet Yellen to discuss the significant depreciation of the yen and potential intervention measures. Prime Minister Fumio Kishida previously stated that the yen's depreciation has led to 'very impressive' performance of the foreign reserves, and some officials believe she may intend to use related gains to support the controversial policy of suspending the food consumption tax. However, officials generally remain cautious. Insiders point out that the core function of foreign reserves is to provide readily available funds for exchange rate intervention, and a significant reallocation is not realistic. 'If investment returns are blindly pursued in a way that contradicts the original purpose of foreign reserves, it will face significant operational difficulties.' The current draft does not disclose specific adjustment directions, and the composition of foreign reserves is believed to be primarily allocated to U.S. Treasury bonds.

Japan Considers Optimizing $1.3 Trillion Foreign Reserve Management to Enhance Returns Amidst Intervention Pressure

SK Hynix plans to raise up to 45 trillion won (approximately 29 billion USD) through an ADR listing.

[SK Hynix Plans to Raise Up to 45 Trillion Won Through ADR Listing]SK Hynix plans to raise up to 45 trillion won (approximately 29 billion USD) through an ADR listing.

SK Hynix Plans to Raise Up to 45 Trillion Won Through ADR Listing

According to monitoring by Beating, Kai-Fu Lee, founder and CEO of Zero One Infinity, revealed in an interview with Huxiu that the company 'plans to IPO in 2027' and is preparing for a new round of financing. In its overseas strategy, Zero One Infinity has clearly chosen to 'avoid the U.S. market,' focusing instead on Europe, the Middle East, Asia-Pacific, and Africa, with a primary emphasis on the 'sovereign AI' sector. Currently, Lee has been invited to join Kazakhstan's National AI Committee to help address localization challenges related to mixed-language voice in Russian, Kazakh, and English. In terms of commercialization, Lee disclosed that the 'order rate' for the company's 'Project One' is currently 'about 10% to 15%.' When dealing with major clients and government clients, Zero One Infinity prefers to adopt a model of 'co-creation' and 'joint ventures' (such as its joint venture with Charoen Pokphand Group to promote AI in poultry farming). Internally, Zero One Infinity has implemented a flat structure with DRI (Directly Responsible Individuals) and AI workers. In the management tool 'Kai-Fu AI' used internally, the system is already capable of reading meetings, analyzing organizations, identifying key talents, predicting employee turnover risks, and conducting strategic simulations. 'Future management relies on intelligent agents; middle management that only transmits information will no longer be needed,' Lee warned, stating that management that 'only manages people' will become extremely dangerous in the era of AI 2.0.

[Kai-Fu Lee Reveals 2027 IPO Plan for Zero One Infinity, Focuses on 'Sovereign AI' While Avoiding U.S. Market]According to monitoring by Beating, Kai-Fu Lee, founder and CEO of Zero One Infinity, revealed in an interview with Huxiu that the company 'plans to IPO in 2027' and is preparing for a new round of financing. In its overseas strategy, Zero One Infinity has clearly chosen to 'avoid the U.S. market,' focusing instead on Europe, the Middle East, Asia-Pacific, and Africa, with a primary emphasis on the 'sovereign AI' sector. Currently, Lee has been invited to join Kazakhstan's National AI Committee to help address localization challenges related to mixed-language voice in Russian, Kazakh, and English. In terms of commercialization, Lee disclosed that the 'order rate' for the company's 'Project One' is currently 'about 10% to 15%.' When dealing with major clients and government clients, Zero One Infinity prefers to adopt a model of 'co-creation' and 'joint ventures' (such as its joint venture with Charoen Pokphand Group to promote AI in poultry farming). Internally, Zero One Infinity has implemented a flat structure with DRI (Directly Responsible Individuals) and AI workers. In the management tool 'Kai-Fu AI' used internally, the system is already capable of reading meetings, analyzing organizations, identifying key talents, predicting employee turnover risks, and conducting strategic simulations. 'Future management relies on intelligent agents; middle management that only transmits information will no longer be needed,' Lee warned, stating that management that 'only manages people' will become extremely dangerous in the era of AI 2.0.

Kai-Fu Lee Reveals 2027 IPO Plan for Zero One Infinity, Focuses on 'Sovereign AI' While Avoiding U.S. Market

On June 24, the European Securities and Markets Authority (ESMA) called for unlicensed crypto asset service providers (CASPs) to orderly exit their operations as the MiCA transition period comes to an end.

[EU MiCA Transition Period Ending, ESMA Urges Unlicensed Crypto Service Providers to Cease Operations]On June 24, the European Securities and Markets Authority (ESMA) called for unlicensed crypto asset service providers (CASPs) to orderly exit their operations as the MiCA transition period comes to an end.

EU MiCA Transition Period Ending, ESMA Urges Unlicensed Crypto Service Providers to Cease Operations

Ethereum Advances Glamsterdam Upgrade Ahead of Planned 2026 Launch

Bernstein Report: Agentic AI Will Transform CPU from Supporting Role to Leading Role, Bullish on Hygon Information

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