Ansem responds to creator token controversy: Won't rug pull, cites Dogecoin and BONK to illustrate his philosophy

According to Bloomberg, dozens of financial institutions including Visa, Stripe, Mastercard, BlackRock, and Coinbase plan to jointly launch a new stablecoin named OUSD, adopting a revenue-sharing business model among partners.

Micron Technology announced an investment of $250 million in the "Trump Accounts" initiative, covering 1 million people. The "Trump Accounts" program will provide a one-time $250 seed fund to eligible children. (Jinshi)

Preliminary vessel tracking data from Kpler and Vortexa shows that shortly after exiting OPEC, the United Arab Emirates (UAE) lifted its crude oil and condensate exports to an all-time high in June. Rauball, a senior oil analyst at Kpler, noted that the UAE’s average daily exports of the two commodities hit a record 3.7 million barrels in June, far outpacing the pre-Middle East conflict level of 3.1 million to 3.3 million barrels per day. The UAE’s previous export peak came in April 2020, when volumes reached 3.44 million barrels per day amid a brief oil price war between Saudi Arabia and Russia. Emma Li, senior oil analyst at Vortexa, added that between June 1 and 29, Abu Dhabi’s crude oil loading volumes hit 4 million barrels per day, exceeding the pre-war level of 3.4 million barrels per day. Exports also rose to a record high of 3.7 million barrels per day, compared to 3.3 million barrels per day in the first two months of this year.

After Strategy unveiled its new capital management framework, it drew mixed reactions from the market. Benchmark Equity Research reaffirmed its "Buy" rating on Strategy’s Class A common stock (MSTR) and maintained a 12-month price target of $570, noting the new framework will enhance the company’s capital management flexibility. Under the new framework, Strategy is authorized to sell up to $1.25 billion worth of Bitcoin to raise funds when needed, no longer relying solely on equity or bond issuances for financing. At current prices, this equals roughly 21,000 BTC, accounting for about 2.5% of the company’s approximately 847,000 BTC holdings. Strategy previously sold 32 BTC in May 2026 and 704 BTC in 2022 for tax purposes, later repurchasing a similar amount. Benchmark views this move as shifting Strategy from a one-way Bitcoin accumulation model to actively managing both sides of its balance sheet, which helps ease prior market concerns about its capital structure. However, some market participants hold a cautious stance. Arca Chief Investment Officer Jeff Dorman stated that Strategy may need to sell roughly $2 billion to $3 billion worth of Bitcoin to eliminate the market’s long-standing sell-off pressure expectations. Ripple CEO Brad Garlinghouse criticized that over-reliance on financial engineering cannot create long-term value, adding that such strategies have had a negative impact on the broader market.

Spot gold continues its downward trend, falling below $3,950 per ounce during intraday trading today, with a 1.75% drop, hitting its lowest level since November 2025, and down roughly 29% from the all-time high set in January this year. Affected by the decline in international gold prices, multiple domestic brands have cut their pure gold jewelry prices by 25 to 30 yuan per gram in a single day. Specifically, Chow Tai Fook’s pure gold quote dropped to 1,208 yuan per gram, Lao Feng Xiang to 1,206 yuan per gram, Chow Sang Sang to 1,213 yuan per gram, and Laomiao Gold to 1,212 yuan per gram. As gold continues its correction, several international investment banks have recently lowered their gold price targets. Goldman Sachs cut its end-2026 gold price target from $5,400 to $4,900, and said it will maintain a "tactically cautious" stance, citing factors including the delay of Fed rate cut expectations to 2027 and hawkish signals from the first policy meeting of new Fed Chair Kevin Warsh. Institutions including Deutsche Bank, Citigroup, Morgan Stanley, and ANZ have also recently successively lowered their gold price forecasts. However, some institutions still hold a positive outlook on gold’s long-term trend. Goldman Sachs stated that the gold bull market is not over yet, as the continued reserve diversification by emerging market central banks will still support long-term demand; JPMorgan Chase maintained its forecast that gold could rise to $6,000 by the end of 2026, arguing that the current correction is more of a periodic price reset rather than the end of the long-term bull market.

Pyth Network announced that Nasdaq has joined the Pyth Data Marketplace as a data publisher, and will first distribute Nasdaq TotalView full order book (Depth-of-Book) as well as opening and closing auction order imbalance data via Pyth. This marks the first time Nasdaq market data has been distributed via an on-chain network. Pyth stated that as market data consumption gradually shifts from traditional terminals to software applications including trading systems, fintech platforms, prediction markets, and digital asset trading platforms, the Pyth Data Marketplace offers data providers a unified distribution channel for both on-chain and off-chain applications, expanding their reach while preserving data ownership and control. Nasdaq TotalView is Nasdaq’s core market data product for professional traders, providing a full order book, order information at each price tier, participant affiliation data, and order imbalance data during opening and closing call auctions. Other current data publishers on the Pyth Data Marketplace include the U.S. Department of Commerce, Kalshi, Euronext, Exchange Data International, OTC Markets, SGX FX, and Tradeweb, among others.