Hong Kong Stock Market Semiconductor Storage Sector Soars, Montage Technology, Huahong Grace Semiconductor Up Over 7%, Leading Big Chip Stock ZZchip Up Over 10%

On June 12, Aptos officially disclosed that 187,800 APT tokens were burned in May, permanently removed from circulation. Data shows that since its mainnet launch, Aptos has burned approximately 1.2 million tokens, and the network’s hard cap supply limit of 210 million APT is currently in effect. Aptos explained that this token burning mechanism is part of its "performance-driven tokenomics model," aiming to influence the long-term supply structure and market circulation through a continuous burning mechanism.

On June 12, Iran’s state-run Fars News Agency reported that Iranian authorities have placed Elon Musk and his business operations in the Middle East on a potential strike target list, encompassing SpaceX’s Starlink satellite operations and related ground station facilities. Citing "informed sources," the report notes the facilities under consideration span multiple Middle Eastern countries, including Starlink ground stations and partner networks in Qatar, Jordan, the United Arab Emirates, Oman, and other locations. Iranian officials accuse these Musk-linked commercial entities of providing technical support to U.S. military actions against Iran, branding them as "infrastructure involved in wartime activities." The report adds that Iran reserves the right to take action against the relevant facilities in the region. Neither SpaceX nor the White House has yet responded to the Fars News report. It is worth highlighting that Starlink has been extensively used to support military communic

June 12: Former U.S. Treasury Secretary and ex-Federal Reserve Chair Janet Yellen told attendees at the 2026 Oriental Asset Management Global Investment Forum in Paris that the rationale for the Federal Reserve’s recent interest rate cuts has “largely disappeared,” and current inflation and macroeconomic uncertainty are severely constraining the central bank’s monetary policy space. Yellen highlighted that the U.S. economy is facing three overlapping supply-side shocks: price pressures from tariffs, energy disruptions stemming from tensions in the Middle East, and soaring electricity costs driven by artificial intelligence investments. Together, these factors are expected to keep inflation persistently above the Fed’s target in the near term. She also warned that the market is underestimating the scale of the U.S. federal government’s debt level. The combination of heavy debt burdens and rising interest rates is increasing the country’s fiscal vulnerability. Yellen called the U.S. fi

June 12 — Per Politico, on June 11, leaders from Qatar, the United Arab Emirates, and Pakistan made a last-ditch effort to sway President Trump after he issued a warning early that Thursday morning about taking "very tough actions against Iran" later that same night. They assured Trump a preliminary deal was within reach. According to U.S. government officials and a diplomat, these diplomatic calls convinced Trump to temporarily hold off on military action. Earlier today, BlockBeats reported a glimmer of hope in the U.S.-Iran standoff: Trump said Iran’s Supreme Leader had agreed to a deal expected to be signed this weekend. Before Trump’s remarks, Iran’s Foreign Ministry dismissed all reports of a potential agreement as speculative. But after Trump’s comments, Fars News Agency — a media outlet linked to Iran’s Islamic Revolutionary Guard Corps — stated, “Given that the United States has accepted Iran’s proposed draft agreement, there is a high likelihood that this text has received Te

As of June 12, despite persistent U.S.-Iran tensions, crude oil shipments through the Strait of Hormuz have jumped notably recently. Energy data firm Vortexa reports that in the first 10 days of June, the daily average volume of non-Iranian crude moving through the strategic waterway hit at least 1.8 million barrels — a 50% rise from May’s roughly 1.2 million barrels. Separately, U.S. sanctions have all but halted Iranian crude oil shipments: no Iranian oil has passed through the strait in that same 10-day window. Xavier Tang, Vortexa’s senior market analyst, says “dark sailing” — when vessels turn off their Automatic Identification System (AIS) transponders to hide their routes — has become standard practice for ships transiting the Strait of Hormuz. While total oil volumes are still well below the roughly 20 million barrels per day seen before regional tensions escalated, market fears that the strait could be closed have eased sharply. When Iran renewed its threat to block the

On June 12, Elon Musk’s SpaceX filed for a $75 billion IPO, offering 5.556 billion shares at $135 apiece—a valuation that pushed it past Tesla to become the U.S.’s seventh-largest company by market cap. The space firm is set to make its Nasdaq debut this Friday in what’s shaping up to be the biggest IPO in U.S. history. Investor enthusiasm for SpaceX’s offering is off the charts. U.S. retail investors have snapped up more than $100 billion in shares, well over the fundraising target, while institutional demand is four times the number of shares being offered. Blackrock alone has placed an order worth at least $5 billion, and SpaceX says it will reserve at least 20% of its shares for retail buyers. Prediction market platform Polymarket shows traders put an 84% chance SpaceX will top $1.8 trillion in market cap on its first trading day, with a 69% probability it’ll even hit $2 trillion. Pre-IPO perpetual contracts from Hyperliquid signal the stock could jump more than 20% in its de