U.S. stocks opened, with leading weighted stocks surging: MSTR rose 5.37%, SPCX gained 3%

Castle Securities stated that investors have underestimated Fed Chair Kevin Warsh’s resolve to curb inflation, warning that higher interest rates could put pressure on risk assets. The firm also cautioned that the rally in the artificial intelligence market faces growing risks, including weak demand, declining returns, and intensified political and regulatory scrutiny.

According to official announcements, the Android version of X’s chat application XChat is now available, allowing users to hold private chats with friends directly within X. The iOS version of XChat launched on the App Store on April 25.

Ripple has launched the XRPL Lending Protocol, an on-chain credit infrastructure for tokenized assets. The protocol’s core principle is to keep credit assessment off-chain while only standardizing execution processes on-chain. Institutions handle their own underwriting and compliance reviews, with the protocol responsible for standardized execution of liquidity pooling, loan disbursement, repayment, and default handling. The protocol comprises two components: the Single Asset Vault, which manages on-chain pooling of individual assets; and the Lending Protocol, which disburses vault liquidity as loans with clear terms. The two correspond to the XLS-65 and XLS-66 proposals respectively and are pending approval from validator nodes. At the infrastructure level, the protocol supports a subordinated capital mechanism, where pool managers assume risk exposure senior to that of other liquidity providers. Developers can now access and test the protocol on the devnet.

Local time on the 29th, Oman’s Ministry of Foreign Affairs released excerpts from an interview with Foreign Minister Badr. Badr stated that Oman is committed to maintaining a safe, peaceful, and free navigation environment for all parties in the Strait of Hormuz. He pointed out that Oman and Iran have reached a consensus in their ongoing dialogues that any future arrangements related to the Strait of Hormuz must be conducted within the framework of international law. Addressing the widely discussed transit fee issue, Badr said Oman does not support levying tolls on passing vessels, though he did not rule out the possibility of exploring mechanisms related to maritime services. Badr added that topics such as strengthening navigation safety, improving maritime accident emergency response capabilities, and preventing marine pollution could be discussed, with reference to practices from other straits. He noted that such arrangements would be developed in consultation with countries and shipping companies that use the Strait of Hormuz, aiming to enhance maritime services and ensure navigation safety rather than imposing new burdens on global trade. (CCTV News)

US President Trump posted: "We just secured a major victory in the Supreme Court’s Slaughter case. The court confirmed that, under Article II of the U.S. Constitution, the president has the authority to remove executive branch officials as well as officers or representatives appointed by executive agencies. This ruling is a long-sought outcome for successive U.S. presidents since the 1930s. I am deeply honored to have won this historic, unprecedented ruling as the sitting president. This is one of the most important rulings concerning presidential power issues." Earlier reports noted that the U.S. Supreme Court ruled 5-4 to allow Federal Reserve Governor Lisa Cook to remain in office temporarily, and the removal dispute between her and President Donald Trump will continue to be resolved through judicial proceedings.

According to Goldman Sachs data, hedge funds sold the largest amount of U.S. information technology stocks in the week ending June 25 since records began in 2016. This figure even surpasses the level seen in August 2024, when the Nasdaq 100 index fell more than 10% to enter correction territory. Meanwhile, the share of Magnificent 7 stocks in total U.S. hedge fund exposure dropped to 14.5%, near a three-year low. This percentage has declined by 7 percentage points since the start of 2026, marking the largest six-month drop since the 2022 bear market. The above data shows that hedge funds are cutting their exposure to U.S. tech stocks.