According to Caixin, Xiao Rui, the son of former Wuhan Supervisory Committee member Xiao Jun, is suspected of receiving approximately HKD 4.72 million in bribes from mainland construction contractors on behalf of his father, and has laundered over HKD 64 million through underground money houses. On June 23, the Hong Kong District Court found Xiao Rui guilty on four counts of 'money laundering' and one count of 'using a false document,' with sentencing scheduled for July 23. In court, Xiao Rui claimed that the large sums involved were legitimate earnings from his mother's business, which she gifted to him for investment in Hong Kong, and that part of the funds came from Bitcoin sales. However, the judge rejected his testimony regarding Bitcoin, stating that Xiao Rui could not provide any basic records such as transaction dates, numbers, or wallet addresses.

On June 24, U.S. stock markets opened with mixed results: the Nasdaq fell 0.03%, the S&P 500 rose 0.07%, and the Dow Jones increased by 0.01%. Micron Technology saw an increase of about 3%, with the market widely expecting its quarterly performance to continue its 'explosive growth.' FedEx dropped nearly 2%, as its core express business profit margin narrowed last quarter, and its full-year profit outlook fell short of expectations. AI chip manufacturer Cerebras fell over 11%, maintaining a negative guidance for its full-year core operating profit margin.

On June 24, Newmont Corporation (NEM.US) saw its stock price decrease by 4.4%, Sibanye Stillwater fell by 6.1%, Angola Gold dropped by 7%, SPDR Gold ETF declined by 3%, Kinross Gold fell by 6.5%, and Harmony Gold decreased by 6%, while Gold Fields fell by 3.9%. In the news, international gold prices remain under pressure, with spot gold's decline expanding to 2.8%, falling below the $4000 per ounce mark for the first time since November 2025. This represents a drop of approximately $1600 (nearly 30%) from this year's historical high of $5596 per ounce, indicating a significant technical adjustment. Factors contributing to this trend include a strengthening U.S. dollar, rising expectations for Federal Reserve interest rate hikes, and increasing U.S. Treasury yields, all of which continue to suppress precious metals performance.

Market pricing shows that it is no longer fully pricing in a 25 basis point rate hike by the Bank of England this year.

On June 24, spot silver fell by 5%, dropping over $3 during the day to approach $58 per ounce, marking a new low since December of last year and a 52% decline from the January peak. New York silver futures experienced a sharp drop of 6%, currently reported at $58.34 per ounce.

Brent crude oil futures for the August contract have seen an intraday decline of 4%, currently priced at $73.95 per barrel.

On June 24, SpaceX (SPCX.US) saw its pre-market stock price decline expand to 2.7%, reaching a daily low.

On June 24, Bloomberg reported that Meta Platforms Inc. and Microsoft Corp. each committed billions of dollars in additional data center leasing expenditures during their most recent fiscal quarters, further increasing the overall investment in the AI sector. These commitments have pushed the total future data center leasing commitments of major cloud computing companies to over $850 billion. An analysis of regulatory filings shows that as tech giants compete to expand their server clusters, the amounts of these leasing commitments have continued to rise over the past year. These future leasing costs are additional to existing leasing contracts and will not appear on the balance sheet until the companies begin actual payments. While these leasing commitments typically pertain to data centers, they may also encompass facilities such as offices or warehouses. Some leasing contracts include specific clauses that allow companies to terminate future performance obligations under certain conditions.

Market data shows that BTC has fallen below $62,000, currently priced at $61,996.15, with a 24-hour decline of 0.14%. The market is experiencing significant volatility, so please ensure proper risk management.

On June 24, the near-term spread of Brent crude oil turned to a futures premium for the first time since February.