Market data shows that BTC has fallen below $62,000, currently priced at $61,999, with a 24-hour increase of 0.65%. The market is experiencing significant volatility, so please ensure proper risk management.
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BTC Drops Below $62,000
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Venezuela's Largest Oil Refinery Resumes Operations
On July 3, three sources reported that Venezuela's largest refinery, the Amuay refinery with a processing capacity of 645,000 barrels per day, has resumed operations after a power outage on Friday. It is currently processing approximately 140,000 barrels per day of crude oil, and the fluid catalytic cracking unit (FCC) has also restarted. Following two earthquakes last week that caused significant casualties, several refineries in Venezuela were affected by power outages. Additionally, sources indicated that the El Palito refinery, with a processing capacity of 146,000 barrels per day, has regained power, but staff have not yet been able to restart the production units. -
US Bitcoin ETF Sees Net Outflow of 588 BTC Today, Ethereum ETF Records Net Inflow of 6,105 ETH
According to monitoring by Lookonchain, today the US Bitcoin ETF experienced a net outflow of 588 BTC, with a total net outflow of 22,189 BTC over the past seven days. Meanwhile, the Ethereum ETF recorded a net inflow of 6,105 ETH, with a net outflow of 1,915 ETH over the past seven days. -
US Stock Market Closed on July 3rd (Friday)
On July 3rd, the US stock market will be closed for one day in observance of the Independence Day holiday. -
Gulf Region Oil Exports Surge in June, UAE Crude Deliveries Reach Record High
On July 3, data showed that oil exports from the Gulf region in June increased by over 3 million barrels per day compared to May, surpassing 10 million barrels per day, although still 40% lower than pre-war levels. The UAE led the recovery in the oil market, allowing millions of barrels of crude oil that were stranded in the Gulf region to enter the international market, enabling producers to increase output and bring oil prices down to pre-war levels. According to Kpler, the total export volume of crude oil and condensate from Saudi Arabia, the UAE, Kuwait, Iraq, and Iran increased by over 3.5 million barrels per day from May, reaching 10.07 million barrels per day. Another freight analysis company, Vortexa, estimated that the oil delivery volume in June was 10.2 million barrels per day, up from 7 million barrels per day in May, but still far below the 16.5 million barrels per day recorded in the same period last year. Data from Kpler, Vortexa, and LSEG indicated that UAE's crude oil exports reached a record high of 3.7 to 3.8 million barrels per day in June, more than 1 million barrels per day higher than in May. -
June Crude Oil Exports from the Gulf Region Exceed 10 Million Barrels Per Day
According to Reuters, shipping data shows that crude oil exports from the Gulf region in June rose to over 10 million barrels per day, but remain 40% lower than pre-conflict levels. (Jin Shi) -
Iraq and Turkey Expected to Sign an Executory Protocol
The Iraqi Ministry of Oil announced that Iraq and Turkey are expected to sign an executory protocol to ensure the continued export of Iraqi oil, including crude oil from the Kurdistan region. Iraq and Turkey have agreed to continue technical and legal negotiations regarding oil export issues. -
Japanese Oil Buyers in Preliminary Talks with Iran for Crude Oil Procurement
On July 3, Reuters reported, citing sources, that Japanese oil buyers are engaged in preliminary discussions with Iran regarding the procurement of crude oil. -
Tencent Cloud: DeepSeek-V4 Official Version 'Factory Direct Supply' Model Set to Launch in Mid-July
Tencent Cloud announced that the official version of the DeepSeek-V4 'Factory Direct Supply' model is scheduled to launch in mid-July on the large model service platform TokenHub and the intelligent agent development platform. This version update will bring multiple functional optimizations and performance enhancements. Additionally, to better allocate resources and improve service stability, the pricing strategy for the model will be adjusted in sync with the factory following the official release, introducing a peak and off-peak pricing mechanism. -
CSRC Seeks Public Opinion on Improving Rules for Listed Companies' Refinancing
On July 3, in order to thoroughly implement the spirit of the Fourth Plenary Session of the 20th Central Committee of the Communist Party, enhance the competitiveness and attractiveness of the domestic capital market, and improve the inclusiveness and adaptability of the capital market system, the China Securities Regulatory Commission (CSRC) has proposed amendments to the 'Administrative Measures for the Registration of Securities Issuance by Listed Companies', the 'Administrative Measures for the Registration of Securities Issuance by Listed Companies on the Beijing Stock Exchange', and supporting rules. Public opinion is now being sought. -
Analysis: Cooling in AI Semiconductor Sector and Bitcoin Rebound Indicate Possible Market Rebalancing
The AI storage and semiconductor sectors have recently shown significant cooling, while Bitcoin has rebounded from its recent low to above $61,000, sparking discussions on whether funds are beginning to reallocate towards digital assets. Stocks like SanDisk and Micron have seen a noticeable decrease in momentum, with the DRAM ETF falling about 25% from its mid-June peak, and the SMH down approximately 12%. Analysts point out that the increasing congestion in AI trading, combined with corrections in some leading stocks, is driving a rotation of funds within risk assets. Although it is still difficult to determine if a sustained style switch is forming, the simultaneous cooling of the AI sector and the rebound of Bitcoin suggest that the market is beginning to show signs of rebalancing within risk assets.
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