U.S. 10-year Treasury yield hits a 7-week low
U.S. 10-year Treasury yield falls below 4.40%, hitting a seven-week low. Earlier released inflation data came in lower than expected, easing market expectations of multiple Federal Reserve interest rate hikes. Lower oil prices also help alleviate inflation concerns. However, strong consumer spending and resilient economic growth continue to underpin expectations of at least one Fed rate hike this year.
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Citigroup raises SanDisk's price target to $2,500.
Citi analyst Asiya Merchant raised SanDisk’s price target from $2,025 to $2,500, while retaining a buy rating on the stock. Micron’s financial results indicate the NAND market will stay tight through 2027, analysts told investors in a research note. Citi attributes the upward adjustment of SanDisk’s price target to sustained strong demand and favorable pricing dynamics.
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Spark and Uniswap jointly launch stablecoin swap system "FX Layer"
Spark and Uniswap have jointly launched the stablecoin swap system "FX Layer". According to reports, FX Layer is designed to create a shared pool for issuers to access, enabling institutions to trade between dollar-pegged tokens while minimizing slippage. Spark announced it will migrate $150 million from its USDS ecosystem to Uniswap v4 to establish a "liquidity foundation" for the swap pool supporting USDS, Tether’s USDT, and PayPal’s PYUSD. FX Layer operates as shared liquidity and trading infrastructure on Uniswap v4, allowing multiple stablecoin issuers—including banks, fintech firms, and payment companies—to access a common system, rather than each separately building and launching their own liquidity pools, market makers, and inventory management setups. Spark serves as the orchestration layer, responsible for allocating, managing, and coordinating liquidity across different stablecoins, while Uniswap provides the programmable Automated Market Maker (AMM) architecture.
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US inflation hits 3-year high, likely reinforcing expectations of Federal Reserve interest rate hikes this year.
U.S. inflation rose to 4.1% in May, hitting its highest level in over three years, while consumer spending grew by 0.3%, signaling resilient demand. Meanwhile, first-quarter GDP was revised up to 2.1%. Analysts noted that these stronger figures are likely to reinforce market expectations that the Federal Reserve will raise interest rates later this year.
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Buffett's disciple who sold Micron too early: The semiconductor stock rally is just getting started, most people should buy index funds.
"Buffett protégé and globally renowned value investor Mohnish Pabrai initiated a position in Micron Technology in 2017, liquidated his entire stake in September 2023, earning only roughly double his initial investment. In the two years following his exit, Micron’s stock price surged over 15-fold, leading to an estimated $2 billion in forgone gains. He also sold SK Hynix too early. On June 22, Pabrai reviewed his most painful trading mistakes on South Korean talk show *Inside Information*, stating: “I deeply regret this. I violated my own principles by selling a company I should have held onto forever.” During the show, he advised retail investors: “Over 99% of people should simply buy index funds; if you cannot reliably determine a stock’s cash flow over 10 to 20 years, you should not purchase individual stocks.” Separately, public filings show that as of Q1 2026, his portfolio is heavily weighted toward cyclical stocks, including coking coal producer Warrior Met Coal and Transocean (RIG), among others. When the host asked for his advice for investors currently holding South Korean semiconductor stocks, Pabrai responded without hesitation: “If you already own them, don’t sell. The party has only just begun.”"
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Predict.fun’s World Cup group stage match between Germany and Ecuador: Germany has a 65% win probability.
Prediction market platform Predict.fun data indicates that the key final round match of Group E at the 2026 US-Mexico-Canada FIFA World Cup will take place at 4 AM Beijing time on the 26th, featuring Germany vs. Ecuador. The latest market odds show Germany’s win probability at 65% and Ecuador’s at 18%. Notably, Germany has already qualified for the next stage and holds a +7 goal difference—meaning it will almost certainly finish as Group E winner even if it loses this match—so the team may adopt a relatively conservative approach and rotate several key starters.
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