On June 16, SpaceX showed strong performance after its listing on Nasdaq, with its stock price rising significantly, increasing by 19.6% on the second trading day. Its market value has surpassed $2.5 trillion. According to Coingecko data, the total market value of the cryptocurrency market is approximately $2.34 trillion. SpaceX's market value now exceeds that of the entire cryptocurrency market.
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SpaceX's Market Value Surpasses $2.5 Trillion, Exceeding Total Cryptocurrency Market Value
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Nikkei Hits Record High, Up 37.87% Year-to-Date
On June 16, the Nikkei 225 index briefly rose by 1% to 70,020.68 points, marking the first time it surpassed the 70,000-point threshold. It ultimately closed up 0.13% at 69,404.50 points, setting a new all-time closing high with a year-to-date increase of 37.87%. The Bank of Japan announced today that it will raise the policy interest rate by 25 basis points to 1%, the highest level in 31 years. -
Bank of Japan Deputy Governor Shinichi Uchida: Japan's Economy Has Moderately Recovered
Bank of Japan Deputy Governor Shinichi Uchida stated that Japan's economy has moderately recovered, although some sectors have shown signs of weakness. The central bank will continue to raise policy interest rates based on developments in economic activity, prices, and financial conditions. -
Bank of Japan Deputy Governor Shinichi Uchida to Hold Monetary Policy Press Conference in Ten Minutes
Bank of Japan Deputy Governor Shinichi Uchida will hold a monetary policy press conference in ten minutes. -
WGC Survey: More Central Banks Plan to Increase Gold Reserves
On June 16, the World Gold Council (WGC) announced that 45% of the central banks surveyed expect to increase their gold holdings in the next 12 months, up 2 percentage points from a year ago. In the annual survey conducted by the WGC from February 5 to May 19, 54% of the 74 central banks indicated that their gold holdings would remain unchanged, while 1% expected a decrease. Most responses were received after the outbreak of conflict in the Middle East in late February, which led to rising oil prices and a decline in gold prices. The WGC's global central bank director stated that central banks remain enthusiastic about gold, and the recent drop in gold prices has not changed their views. Furthermore, the WGC reported that 93% of respondents indicated they already hold gold, up from 81% a year ago. Among the various reasons for holding gold, as many as 90% of respondents cited gold's strong performance during times of crisis. Other key reasons include long-term value storage and portfolio diversification. Respondents from emerging markets and developing economies (85%) place greater emphasis on gold as a hedge against geopolitical risks. As some central banks continue to shift their gold reserves, 9% of respondents reported increasing their domestic gold reserves in the past 12 months, up from 5% last year; 10% indicated they have diversified their overseas gold reserve locations, up from 2% last year. In the next 12 months, 7% of central banks plan to increase domestic storage, and 9% plan to diversify overseas storage locations. -
AI Version of Alipay Officially Launched, Ant Group Concept Stocks Strengthen
On June 16, Alipay officially launched its AI version, becoming the world's first super app to complete a full-scale AI transformation. On the day of the product launch, Ant Group concept stocks collectively strengthened, with rapid capital inflow and significant profit effects in the sector. As of now, several component stocks have risen over 3%. Among them, Nanwei Software and Hejing Technology have increased by over 5%, Jinshi Technology by over 4%, and Xiexin Energy by over 3%. From a strategic perspective, Alipay has already completed its positioning at the data level. Currently, the number of AI payment users has surpassed 100 million, and the total number of intelligent payment transactions has exceeded 300 million, making it the only large-scale commercial AI-native payment infrastructure globally. Industry insiders compare this event to the mobile payment revolution 12 years ago, when the industry landscape was rewritten due to WeChat's strategic positioning during the Spring Festival. Now, with Alipay taking the lead in fully establishing its presence in the AI era, it may signify a new phase in the competition for super app AI entry. -
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Reserve Bank of Australia Holds Rates Steady
On June 16, the Reserve Bank of Australia kept the interest rate unchanged at 4.35%, in line with market expectations, following three consecutive meetings of rate hikes. -
Nikkei 225 Index Surpasses 70,000 Points for the First Time
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Goldman Sachs: Expects Fed to Maintain Interest Rates in June Meeting, Low Likelihood of Rate Hike
On June 16, Goldman Sachs released a research report indicating that the most significant change in economic data since the last FOMC meeting is a substantial rebound in employment growth, putting the labor market on a more stable path. This has shifted the market's focus to whether inflation has reached a level severe enough to warrant a rate hike. However, Goldman Sachs believes the likelihood of a rate increase is low. The firm points out that, on one hand, the Fed has historically not raised rates due to oil price shocks, and on the other hand, the current environment reduces the chances of a self-reinforcing high inflation triggered by oil price shocks. That said, some concerning signs have emerged; if inflation expectations or the breadth of high-inflation categories show a significant increase, the likelihood of a rate hike will rise. Goldman Sachs anticipates that during the first June meeting under the new chair, the FOMC is likely to keep the federal funds rate unchanged and remove previous forward guidance that hinted at a rate cut. The firm expects the meeting statement will only remove the phrase regarding the 'extent and timing of additional adjustments' related to the federal funds rate.
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