European Banking Authority releases penalty framework for MiCA compliant issuers

The United States struck Iranian military targets over the weekend, and Iran launched missiles and drones towards Kuwait and Bahrain. The two sides subsequently agreed to cease hostilities and continue negotiations on the ceasefire memorandum of understanding (MOU) technology. International oil prices have slightly increased, with Brent crude oil and WTI crude oil rising to $72.31 and $69.82 respectively. Global financial markets have shown limited response, and investors have shifted their focus to the technology sector. The demand for AI computing power is driving a shortage of storage chips, and large technology companies such as Apple and Microsoft are raising prices to absorb costs. SpaceX is expected to become one of the fastest companies in history to be included in the Nasdaq 100 index.

As of the week ending June 26th, the US spot Bitcoin ETF had a net outflow of $1.79 billion, setting a record for the second largest single week net outflow in history. The number of weeks with net outflows has continued for seven consecutive weeks.

According to Crowdfunding Insider, Nasdaq listed Lion Group Holding Ltd. plans to invest up to $12 million in Indonesian fintech company PT Nusantara Bumi Sangkara through Meili Capital Management Ltd., in exchange for 10% indirect economic equity through the issuance of common stock or equity linked securities, with no cash payments involved in the transaction. PT Nusantara Bumi Sangkara is developing the Indonesian Rupiah stablecoin NIDR, which is anchored 1:1 in the Indonesian Rupiah and backed by reserve assets, with the aim of reducing cross-border payment costs and supporting blockchain financial services. PT Nusantara Bumi Sangkara has obtained regulatory approval or confirmation from the Indonesian Financial Services Authority and is expected to become one of the first compliant stablecoin issuers in Indonesia.

The People's Bank of China launched a 7-day reverse repo operation worth 157.5 billion yuan today, with a bid rate of 1.40%, and also conducted an overnight reverse repo operation worth 300 billion yuan.

The Wall Street Journal survey shows that seven economists have a median forecast for a 3.2% year-on-year increase in South Korea's June CPI, followed by a 3.1% increase in May; The month on month forecast is a 0.1% increase, with a 0.5% increase in May. DBS economist Ma Tieying expects Bank of Korea to raise interest rates once each in July and the fourth quarter.