Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

June 22 — U.S. Treasury Secretary Janet Yellen announced that under President Donald Trump and his vice president’s administration, the United States remains dedicated to fostering a safer, more prosperous global order. As part of ongoing constructive negotiations held in Switzerland, Iran has pledged to ensure unimpeded freedom of navigation through the Strait of Hormuz and grant full access to its nuclear facilities to International Atomic Energy Agency (IAEA) inspectors. Pursuant to this framework, the U.S. Department of the Treasury has issued a 60-day general temporary license authorizing the production, delivery, and sale of Iranian oil. In energy markets, WTI Crude fell 3% intraday to $74.93 per barrel. Brent Crude dropped below the $78 threshold, down 2.75% on the session.

June 22: Per Bitget market data, SpaceX opened with a plunge of over 5%, now trading at $175, boasting a $2.30 trillion market capitalization.

On June 22, as U.S. stock markets opened for trading, the Dow Jones Industrial Average climbed 0.27%, the S&P 500 gained 0.12%, and the Nasdaq Composite edged down 0.08%. Micron Technology (Nasdaq: MU) surged 5.28% after the semiconductor maker announced a strategic agreement with Anthropic to expand next-generation artificial intelligence infrastructure.

June 22 — Dell and Nvidia have jointly launched the "Dell AI Factory," an initiative aimed at advancing supercomputing infrastructure to power next-generation High Performance Computing (HPC) and Artificial Intelligence (AI). As of press time, Dell traded 0.37% higher in pre-market action, while Nvidia gained 0.24%.

June 22 – A top U.S. energy trader is warning that even as the Trump administration sends out soothing signals, political rhetoric is failing to mask a looming global oil supply gap of 6 to 8 million barrels per day. If inventory draws keep up, oil prices could surge sharply, possibly jumping to $135 a barrel. Energy trader Dan Dicker, who brings 25 years of trading experience to the table, points out that President Trump regularly shapes market expectations with public statements, keeping oil prices from accurately reflecting the true supply-demand imbalance right now. He says current prices are driven more by emotion and policy signals rather than underlying fundamentals. Ever since the U.S.-Iran conflict heated up and disrupted shipping flows through the Strait of Hormuz, global oil supplies have been shaken, leaving the market relying heavily on drawing down inventories. Dicker noted that if supply recovery falls short of projections, the market could face major repercussions. D

On June 22, Carson Block, founder of short-selling firm Muddy Waters Capital, warned that artificial intelligence (AI) could spark massive losses in U.S. knowledge-based jobs over the next several years—rippling through the stock market and even pushing for the adoption of Universal Basic Income (UBI). In a podcast, Block noted that roughly 15% of U.S. knowledge-based jobs could be automated by AI over the coming years, spanning sectors like tech, law, and finance and impacting some 15 million roles. He explained that AI is cutting demand for labor in traditional knowledge work, such as the massive volume of document and information organization tasks common in the legal field. He added that unlike the job rebound following the 2008 financial crisis, AI-driven job displacement will likely trigger irreversible structural shifts, resulting in what he calls a “steady decline in roles suitable for human workers.” Block also warned that a surge in unemployment could prompt households to