BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

MINIMAX-W announced on the Hong Kong Stock Exchange (HKEX) that it intends to place 35.6 million new Class A shares at a placing price of HK$268.00 per share, a 9.89% discount, with estimated proceeds from the placement amounting to approximately HK$9.5408 billion.

According to Politico, Trump stated that the ceasefire has ended due to Iran’s continued attacks on vessels in the Strait of Hormuz. U.S. forces then struck at least 170 Iranian military targets within 48 hours, while Iran launched retaliatory attacks on U.S. military bases. Some Republican lawmakers are concerned that an escalation of the conflict will drive up oil prices, exacerbate economic pressures, and impact this year’s midterm elections. A House Republican lawmaker bluntly said: "He is pushing us toward political ruin." The lawmaker argued that Trump is focusing more on the Iran issue than on the Republican Party’s electoral prospects. Republican hawks support continuing military operations. Representative Don Bacon said the U.S. should maintain a firm response to Iran until it pursues peace. However, some Republicans warn that rising oil prices could erode voter support, making it difficult for the GOP to address the price issues that matter most to the public. Meanwhile, Congress has also demanded that the administration explain its plan for using the $67 billion in additional war funding. (Jinshi)

According to on-chain analyst Yu Jin’s monitoring, a whale address that bought the "Binance Life" token early and generated around 5,000x returns has continued transferring the token to Binance to take profits. Three hours ago, the address transferred 3 million "Binance Life" tokens to Binance, worth approximately $2.09 million. Earlier, the whale sold 7 million "Binance Life" tokens yesterday, and today transferred another 3 million tokens. The address initially spent $2,480 to acquire 18.5 million "Binance Life" tokens, and has cumulatively sold 13.5 million tokens so far, cashing out roughly $9.42 million. On-chain data indicates the address still holds 5 million "Binance Life" tokens, valued at around $3.41 million.

Meta Platforms CEO Mark Zuckerberg stated that the company needs to acquire as much computing power as possible, but amid a market where resources required for running and developing AI products are scarce, he is also weighing whether renting out some of Meta’s AI infrastructure to external enterprises could deliver higher value. Zuckerberg noted that in some scenarios, renting computing resources or considering such transactions is more viable than using them internally. Earlier this month, reports emerged that Meta is drafting a cloud business plan, which would help the company generate direct revenue through its data centers and other computing power partnership projects. “There is definitely potential to build a cloud business if we want to,” Zuckerberg said. He clarified that this does not mean Meta has overbuilt or holds excess computing power. “I don’t know anyone in the industry who feels they have excess computing power,” he added. Zuckerberg also noted that Meta is currently making full use of all its computing resources. (Jinshi)

According to NewsNation, U.S. officials stated that technical negotiations with Iran are still ongoing, and the U.S. remains committed to finding a resolution. Iran must never be allowed to possess nuclear weapons. (Jinshi)

According to BIT (bit.com) market data, U.S. stocks closed on Thursday, with the Dow Jones Industrial Average rising 0.26%, the S&P 500 gaining 0.8%, and the Nasdaq Composite climbing 1.3%. Semiconductor stocks rallied broadly: Arm (ARM) up 9.20%, Lam Research (LRCX) up 6.01%, AMD up 5.67%, Marvell Technology (MRVL) up 4.99%, Micron Technology (MU) up 4.52%, KLA (KLAC) up 3.76%, Broadcom (AVGO) up 3.20%. Optical communication concept stocks led gains, including Lumentum (LITE) up 11.13%, Nokia (NOK) up 8.08%, Applied Optoelectronics (AAOI) up 6.79%, Astera Labs (ALAB) up 6.18%, Ciena (CIEN) up 4.83%, Corning (GLW) up 4.54%. The storage sector also strengthened, with SanDisk (SNDK) up 7.59%, Western Digital (WDC) up 5.04%, Micron Technology (MU) up 4.52%, Seagate Technology (STX) up 3.50%.