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Japan’s Ministry of Economy, Trade and Industry will provide 387.3 billion yen in support to new AI enterprises.

1 hours ago

According to Japan's Kyodo News, Japan's Ministry of Economy, Trade and Industry will provide 387.3 billion yen (approximately $23.88 billion) in support to new AI companies.

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Binance Charity will donate $3 million to support users in the earthquake-stricken areas of Venezuela.

According to official announcements, to assist users affected by the recent earthquake in Venezuela, Binance Charity has announced it will donate a total of $3 million worth of 20 USDT vouchers to eligible Binance users, and implement a 7-day fee waiver for C2C transactions and Binance Pay merchant transactions to help users in disaster-hit regions cope with current difficulties. Users eligible for the vouchers will be identified based on their completed Proof of Address (POA) and eKYC identity verification by June 26, 2026. Applicable regions include the hardest-hit areas: La Guaira, Distrito Capital, Miranda, Aragua, Carabobo, Falcón, and Yaracuy. Qualified users will receive the corresponding funds within 30 days of completing POA verification. Additionally, Binance will roll out fee relief measures for services commonly used by Venezuelan users. All VES-denominated C2C transaction fees will be waived for 7 days starting immediately; meanwhile, all Binance Pay merchants in Venezuela will also have their Binance Pay merchant transaction fees waived effective immediately. All measures will run until July 2, 2026, local time.

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Standard Chartered recommends overweighing technology and communication services and underweighting consumer staples in the second half of the year.

Standard Chartered has released its H2 2026 Global Market Outlook. For China, given the overall market’s potential for valuation re-rating, the bank has shifted to a more risk-on stance. In allocation recommendations: the technology and communication services sectors remain overweight, primarily driven by rising domestic chip self-sufficiency rates and the continued advancement of AI commercialization; the healthcare sector has been downgraded to neutral due to limited earnings visibility; the consumer staples sector has also been cut to underweight for similar reasons; the utilities sector, meanwhile, has been upgraded to neutral, benefiting from improved power demand and policy support. Globally, in H2 2026, investors will need to navigate volatile dynamics including energy prices, stock supply, investor positioning and central bank policies. Standard Chartered projects that in an environment of a macroeconomic soft landing, risk assets will continue to receive support.

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Binance to Add New bStocks Trading Pairs for Lumentum, Meta, Microsoft, Palantir, and Invesco QQQ Trust

According to an official announcement, Binance will launch bStocks tokenized securities trading pairs for Lumentum (LITEB), Meta (METAB), Microsoft (MSFTB), Palantir (PLTRB), and Invesco QQQ Trust (QQQB) per the following schedule, while also activating spot algorithmic trading bot services: June 30, 2026, at 21:30 (UTC+8 time): LITEB/USDT, METAB/USDT, MSFTB/USDT, PLTRB/USDT, and QQQB/USDT.

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Morgan Stanley cuts its Brent crude oil price forecast for the second half of 2027 to $70 per barrel.

Morgan Stanley said it is cutting its 2027 Brent crude oil price forecast from $80 per barrel to $75 per barrel for the first half of the year and $70 per barrel for the second half.

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Michigan judge bans Kalshi from offering sports event prediction services to the state’s residents.

According to Reuters, a Michigan judge on Monday ruled to ban prediction market platform Kalshi from allowing state residents to make financial predictions on sports events. The decision comes after Michigan Attorney General Dana Nessel accused Kalshi’s operations of violating state law. At the request of the Democratic attorney general, Ingham County Circuit Court Judge Rosemarie Aquilina issued a temporary restraining order. The judge stated that Kalshi would face a $120,000 fine per day for each violation if it fails to comply with the geographic restrictions mandated by the ruling.

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Kimi’s valuation climbs to $31.5 billion, its annual recurring revenue (ARR) surpasses $300 million, and its revenue curve exhibits early-stage characteristics similar to Anthropic’s.

According to a report by Science and Technology Innovation Board Daily, Moonshot AI's Kimi recently closed its previous funding round at a $20 billion valuation, and a new financing round has been launched, with its pre-money valuation rising to $31.5 billion. An industry source close to Kimi revealed that the AI startup disclosed its latest revenue metrics during discussions for the new round: its annual recurring revenue (ARR) exceeded $300 million in mid-June. The revenue growth was mainly driven by increased developer usage and higher API revenue, fueled by model iterations. Currently, API revenue accounts for over 70% of Kimi's total revenue and continues to climb. Kimi's revenue trajectory is beginning to show characteristics of Anthropic's early commercialization phase: surging developer calls, a growing share of API revenue, rising overseas paying users, and an upward shift in pricing driven by model capability iterations.

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