On June 24, the ProShares 2x Long Silver ETF dropped over 2.5% in pre-market trading, falling more than 83% from its historical highs.
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ProShares 2x Long Silver ETF Falls Over 83% from Historical Highs
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Hong Kong SFC: Total Assets Managed by Hong Kong Funds Reach HKD 2.3 Trillion
On June 24, the Hong Kong Securities and Futures Commission (SFC) released a report indicating significant growth in the investment funds, digital assets, and stock markets over the past year, reinforcing Hong Kong's position as a leading international financial center. In asset and wealth management, the total assets managed by funds registered in Hong Kong grew by 19.4% in the past year, reaching HKD 2.3 trillion. The SFC recognized ETFs and leveraged and inverse products have also seen rapid growth. As of March 31, 2026, the average daily trading volume of ETFs and leveraged and inverse products reached HKD 38.1 billion in the past year, a year-on-year increase of 50.6%; the total market value of these products grew by 25.2% year-on-year, reaching HKD 651.2 billion. Notably, the market value of single-stock leveraged and inverse products increased sixty-fold within the past year. -
U.S. Department of Justice Seizes Account Linked to Billions in Money Laundering
The U.S. Department of Justice has announced the seizure of an account that provided backend infrastructure for a subsidiary of Cambodia's Huione Group. Prosecutors stated that the account assisted in operating the Telegram marketplace Huione Guarantee, which facilitates theft data, money laundering services, and tools for scam operations in Southeast Asia. Additionally, on the same day, FinCEN took action to extend the existing ban on Huione to its successor entity H-Pay Service PLC, to prevent the group from evading U.S. restrictions. According to court documents, the custodial services operated by the account also aided criminals, including money launderers, in cryptocurrency transactions. The case is currently under investigation by the FBI's San Francisco office and IRS Criminal Investigation. -
BTC Surpasses $63,000
Market data shows that BTC has surpassed $63,000, currently priced at $63,049.63, with a 24-hour increase of 0.89%. The market is highly volatile, so please ensure proper risk management. -
Brent Oil Falls Below $75 for the First Time Since Iran Conflict Erupted
On June 24, Brent crude oil dropped below $75 per barrel for the first time since the outbreak of the Iran conflict, declining by 2.16% during the day. -
Unitree R1 Humanoid Robot Price Reduced to 29,900 Yuan
On June 24, Unitree Technology announced that the official price of its bipedal humanoid robot, the Unitree R1, has been reduced from 39,900 yuan to a starting price of 29,900 yuan, with immediate availability for purchase. The robot weighs 25 kilograms, is equipped with 26 high-precision joints, supports multimodal interaction with voice and image large models, and has development and customization capabilities. -
Bessent: Trump Confident in Walsh Regarding the Federal Reserve and Rate Cuts
On June 24, U.S. Treasury Secretary Bessent stated that Federal Reserve Chairman Walsh has made strong remarks on inflation. President Trump has expressed confidence in Walsh both publicly and privately. (Regarding the Federal Reserve and rate cuts) President Trump is confident in Federal Reserve Chairman Walsh. -
Bank of America Significantly Raises Semiconductor Industry Forecast: Market Size Could Reach $2.7 Trillion by 2030
On June 24, Bank of America significantly raised its global semiconductor industry forecast in its latest research report, stating that AI demand is shifting from validating investment returns to addressing structural supply constraints in chips, storage, and power. The shortage of memory chips and rising prices are expected to become the core drivers of industry growth in the coming years. Bank of America predicts that the global semiconductor market size will grow from $787 billion in 2025 to $2.734 trillion by 2030, with a compound annual growth rate of 28% from 2025 to 2030, higher than the previous expectation of $2.3 trillion and 23%. Bank of America anticipates that the chip industry took about 50 years to achieve its first $1 trillion in sales, while AI is expected to generate an additional $1 trillion in the next five years. -
President Trump: Iran Informs US of No Toll Collection in Strait of Hormuz
President Trump: Iran has informed the United States that it will not collect tolls in the Strait of Hormuz. -
Goldman Sachs: Chinese Residents' Stock Allocation Remains Low Relative to Long-Term Potential
On June 24, Goldman Sachs' China macroeconomic team recently published a research report stating that the asset allocation of Chinese residents is in the early stages of structural transformation. As the role of real estate in wealth accumulation gradually diminishes and deposit interest rates remain low, savings may gradually shift towards a broader range of financial assets, with stocks and insurance expected to be the main beneficiaries in the medium term. "The stock allocation of Chinese residents remains low relative to its long-term potential," Goldman Sachs noted, indicating that the current proportion of stocks in residents' assets is less than 10%. This suggests that as residents gradually broaden their investment horizons, there is significant room for further asset reallocation. Considering that residents' risk appetite remains cautious and financial wealth distribution is uneven, this adjustment is unlikely to be linear or widespread. Nevertheless, if residents' confidence stabilizes and capital market returns are attractive, stocks may occupy a larger share of new resident savings in the future. -
U.S. and Brent Crude Oil Prices Both Drop by 2%
On June 24, WTI crude oil fell to $72 per barrel, down 2.27% for the day; Brent crude oil also declined by 2%, currently priced at $75.07 per barrel.
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