Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

June 17 — A new ETF from Southern Eastview is set to begin trading on June 18, according to latest product materials released by Hong Kong Exchanges (HKEX). Designated with the ticker code 03121, the ETF has a board lot size of 100 units, an entry fee of HK$780, and an annual management fee of 0.99%. Notably, it is the first ETF in the Asia-Pacific region to directly track South Korea’s benchmark KOSPI 200 index using an unleveraged passive investment strategy. On the portfolio front, SK Hynix and Samsung Electronics together account for roughly 62% of the fund’s holdings — a concentration far higher than that in U.S.-listed DRAM-related ETFs and the iShares MSCI Korea ETF (ticker: EWY). This gives the fund significant exposure to Korea’s dominant pair of storage semiconductor giants. The remaining holdings include other top Korean blue-chip stocks such as Samsung SDI, Hyundai Motor, and Doosan Heavy, covering key sectors of South Korea’s core real economy. Driven by the artificial i

With the June 17 deadline for the U.S.-Iran memorandum of understanding approaching, signs that Iran’s oil exports could be unblocked are emerging one after another, according to fresh shipping data. Bloomberg vessel tracking data reveals that four vessels tied to Iranian oil tankers have reactivated their AIS (Automatic Identification System) transponders in recent days, sailing out of the Strait of Hormuz into the Gulf of Oman voluntarily. Two of these are Very Large Crude Carriers (VLCCs), each with a single-voyage capacity of 2 million barrels, while the other two are product tankers that successfully cleared the strategic waterway. Ship-tracking firm TankerTrackers.com added on the same day that at least three tankers previously moored at Chabahar Port have departed their berths. For years, Iranian oil tankers have evaded sanctions tracking by turning off AIS signals, spoofing data, and other tactics. This coordinated, public movement of multiple vessels is being seen by energy

On June 17, Matter Labs co-founder and CEO Alex Gluchowski posted on X to announce the blockchain infrastructure company is downsizing its team, alongside explaining the reasoning behind the layoffs. Since 2024, Matter Labs has focused its efforts on developing products for regulated financial institutions, including incubating Prividium, its enterprise-grade privacy infrastructure project. The company has now fully shifted all its resources to this strategic direction, with the central goal of delivering privacy-focused on-chain infrastructure for both enterprises and regulated financial firms. As the business has progressed, customer needs have become more defined, requiring a skill set that differs significantly from what the team had during earlier stages of the company’s operations. This round of layoffs is a direct result of aligning the team with these new requirements. Gluchowski emphasized that every employee let go is a top-tier engineer, designer, or operational talent, an

June 17: Roborock Technology (300757) announced that its wholly owned subsidiary FSG is collaborating with NVIDIA to co-develop manufacturing and testing solutions for next-generation Co-Packaged Optics (CPO) and optical interconnect technologies. The initiative aims to accelerate the industrialization of advanced silicon photonic devices and optical engines to support demand for AI deployments. In reaction to the news, Roborock’s stock climbed during the opening call auction at 9:23 a.m. local time, trading at 695 yuan—up 45 yuan, or 6.92%, from its previous close. The average opening price hit 650 yuan, giving the company a market capitalization of 116.49 billion yuan. At one point, the stock neared its 20% daily price limit of 780 yuan in the opening auction. However, the company flagged a critical risk in its announcement: The next-gen products and technologies are still in the co-development stage with customers, have not been commercialized, and Roborock currently holds no rela

June 17th: Zhizhi (02513.HK) announced today the launch and open-sourcing of its GLM-5.2 model. On the frontend development assessment platform CodeArena, with participation from millions of users worldwide, GLM-5.2 has achieved top performance among all globally available models. Designed specifically for long-range task capabilities, GLM-5.2 comes with the following new features: - 1M context window, providing stable support for long-range tasks; - Enhanced sensory experience and improved practical coding abilities; - Optimized infrastructure, enabling smooth operation on domestic computing power platforms from day one; - MIT open-source license, free from geographic restrictions, to promote cross-border technological equality. The 1M context window forms the core of GLM-5.2’s long-range performance. Multiple long-range task benchmarks show GLM-5.2 ranks between Claude Opus 4.7 and 4.8, making it the highest-performing open-source model globally. GLM-5.2’s online inference is suppo

On June 17, Base—Coinbase’s layer-2 blockchain network—officially announced an upcoming major upgrade called Beryl, headlined by the launch of Base’s native token standard B20, which is designed to deliver a more robust infrastructure for on-chain asset tokenization. The B20 standard brings three core enhancements: faster settlement speeds, lower transaction costs, and a structured settlement mechanism. Base states these upgrades will enable global financial assets to function on its chain as "programmable capital," fully leveraging the transparency, composability, and liquidity advantages of on-chain infrastructure. Base emphasizes it positions itself as a neutral, open-source blockchain infrastructure, where related products and features can be developed by either Coinbase or third parties building on Base. Neither Coinbase nor Base acts as an issuer, investment advisor, broker, or underwriter for any third-party assets or transactions.