Market data shows that BTC has fallen below $62,000, currently priced at $61,994.09, with a 24-hour decline of 0.98%. The market is experiencing significant volatility, so please ensure proper risk management.
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BTC Falls Below $62,000
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Samsung Electronics' Operating Profit Expected to Exceed 40-Year Total
On July 6, ahead of the preliminary second-quarter performance report set to be released on July 7, the head of Samsung Electronics' semiconductor business strategy expressed optimism during a related meeting on July 3, stating that 'this year's operating profit will exceed the cumulative profit of the semiconductor business over the past 40 years.' The market currently expects Samsung Electronics' total operating profit for 2026 to be around 300 trillion won, with the consensus expectation for the second-quarter operating profit reaching 84.6 trillion won. -
Spot Gold Drops $14 in Short-Term
Spot gold has fallen $14 in the short term, declining over 1.00% during the day, currently reported at $4133.10 per ounce. (Jin Shi) -
Bomin Electronics Plans to Raise Up to 300 Million Yuan for 800G and Above Digital Connection PCB Project
On July 6, Bomin Electronics (603936.SH) announced that the company intends to issue shares to specific investors through a simplified process, raising a total of no more than 300 million yuan. After deducting issuance costs, the funds will be used for the '800G and above digital connection product PCB project,' as well as to supplement working capital and repay bank loans. -
Saudi Arabia Significantly Cuts Crude Oil Prices, Largest Drop in 26 Years
On July 6, as global supply increases intensified competition among buyers, Saudi Arabia lowered the official selling price of its main crude oil grades for August to Asian customers, marking the largest drop in at least 26 years. According to a pricing schedule, Saudi Aramco reduced the price of Arab Light crude oil for August exports to Asia by $11 per barrel, with a discount of $1.50 per barrel compared to regional benchmark prices, exceeding the expected drop of $8 per barrel from institutional surveys. Recently, Middle Eastern crude oil prices have declined. After resuming exports from the Ras Tanura port, Saudi Aramco temporarily increased crude oil shipments to about 90% of pre-war levels. Before the war, Ras Tanura was the main shipping port for Saudi crude oil exports. Due to the war blocking the Strait of Hormuz, Saudi Aramco redirected most of its crude oil flows to Yanbu port on the Red Sea. Previously, the OPEC+ oil-producing countries agreed to continue a slight increase in production in August. Now, with shipping in the Strait of Hormuz resuming, Gulf oil-producing countries such as Saudi Arabia, Iraq, and Kuwait will be able to take advantage of their higher quotas. -
Shenzhen Huaqiang: Company is the General Distributor of Huawei Computing Components (Including Ascend and Kunpeng)
On July 6, Shenzhen Huaqiang (000062.SZ) announced its investor relations activity record, stating that the company is a major authorized distributor for Murata globally. Recently, it has observed an increase in customer orders, with clients starting to stock up and actively replenish inventory. For certain out-of-stock models, the company prioritizes meeting the procurement needs of large customers. The company is the general distributor of Huawei computing components (including Ascend and Kunpeng) and will continue to promote the technology and products of Huawei computing components, actively assisting Huawei in building a computing power ecosystem. Shenzhen Huaqiang Intelligent Computing Technology Co., Ltd. is a newly established company, positioned as a comprehensive AI computing service provider. The main development direction of this company will focus on the Huawei computing components (including Ascend and Kunpeng) business, collaborating with various partners to provide chips, modules, and other products for the domestic AI industry, while simultaneously offering customized solutions, technical services, and end-to-end capabilities in supply chain support, co-building a domestic AI full-stack ecosystem covering the edge, cloud, and endpoints. -
UAE's Crude Oil Production Surges Above 3.8 Million Barrels per Day in June
On July 6, sources reported that the UAE's crude oil production surged to over 3.8 million barrels per day in June, marking the second highest level on record. -
Whale Faces $410,000 Loss After Opening Bitcoin Long Position Amid Strategy's Coin Sale Announcement
According to on-chain analyst Yu Jin, a whale recently opened a long position in Bitcoin but faced a sell-off announcement from Strategy, which caused the Bitcoin price to drop by approximately $1,000, resulting in an unrealized loss of $410,000 for the whale. -
Strategy Sells 3,588 BTC, Holdings Reduced to 843,775 BTC
On July 6, Strategy disclosed that the company sold a total of 3,588 BTC between June 29 and July 5, 2026, cashing out $216 million to pay dividends on digital credit securities (preferred stock) and to replenish its dollar reserves. As of July 5, Strategy holds 843,775 BTC and $2.55 billion in dollar reserves, with a BTC holding cost of approximately $63.69 billion and an average purchase price of $75,476. -
BTC Falls Below $62,500
Market data shows that BTC has fallen below $62,500, currently priced at $62,483.84, with a 24-hour decline of 0.3%. The market is experiencing significant volatility, so please ensure proper risk management. -
Morgan Stanley: Fed Unlikely to Raise Rates in Second Half, May Even Cut Next Year
On July 6, Morgan Stanley's Chief Economist for China, Xing Ziqiang, shared his latest insights during a closed-door meeting on topics including the global AI financing boom, the direction of Federal Reserve policies, and the rebalancing of domestic demand in China. He pointed out that the main theme currently overshadowing global markets remains AI and energy. Major U.S. tech companies may raise nearly a trillion dollars through bond, equity, and loan markets over the next year to support their massive capital expenditures, significantly draining global micro liquidity and making markets more sensitive to changes in Fed interest rates. Regarding the Federal Reserve, Xing Ziqiang believes that market concerns about rate hikes are overstated, predicting that it is unlikely to raise rates in the second half of the year and may even continue to cut rates next year. However, the new Fed Chair Kevin Warsh's reduction of forward guidance and return to policy opacity will exacerbate financial market volatility. Turning to the Chinese economy, the GDP growth rate for the second quarter is expected to be around 4.4%, a noticeable decline from the first quarter. Xing Ziqiang suggested rebalancing from two aspects: in the short term, most export tax rebates for high-tech industries could be canceled and redirected to tax cuts for domestic consumption and services; in the medium to long term, strengthening social security to enhance the consumption power of the middle and low-income groups after redistribution is necessary. However, he predicts that the most likely main theme in the second half will not be large-scale direct consumption stimulus, but rather accelerating the use of over 2 trillion yuan in unused fiscal and local debt quotas for the construction of the 'six networks' related to technological independence and energy security. Additionally, Morgan Stanley's Chief Strategist, Laura Wang Ying, stated that the U.S. job market is not overheating, and the likelihood of a rate hike in July is minimal, with a potential shift to a rate-cutting cycle in the first half of 2027. She believes that stabilizing oil prices and reduced inflationary pressures are relatively favorable for risk assets; although short-term market volatility has increased, no fundamental changes have been observed. The AI supercycle and the supercycle of energy capital expenditures present multi-year opportunities. Regarding the Chinese market, she disagrees with concerns that the listing of mega-companies will squeeze liquidity, instead believing that such listings are likely to attract more investors. Furthermore, the national team has sold over 150 billion USD worth of A-share positions since the beginning of the year, possessing the strength to help smooth market volatility.
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