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 16 – Bitget market data signals robust pre-market gains for a cohort of semiconductor and storage stocks today. Micron Technology touched a new all-time high of $1,121 in pre-market trading before pulling back slightly to $1,113, marking a 2.33% pre-market advance. Qualcomm leads the group with a 4.16% pre-market jump, followed by Western Digital rising 4.05%, Seagate Technology gaining 3.21%, and SanDisk notching a 1.09% pre-market increase.

June 16, Citigroup noted that demand for AI inference remains robust, with a shortage of computing power spreading from the latest generation of chips to prior GPUs, forcing model vendors to accelerate monetization through tactics like dynamic pricing, usage quotas, and routing mechanisms. In a June 14 report, analysts including Heath Terry found that rental rates for A100 GPUs rose 0.6% over the past week, and 11% cumulatively over six weeks—signaling AI computing demand isn’t limited to only cutting-edge hardware. The firm added that some state-of-the-art models have lifted prices sharply after improving their intelligence benchmarks, with Citigroup observing that “scarcity is being monetized faster than it’s being solved.” The report also highlighted that no model vendor currently boasts all three key advantages: intelligence, speed, and affordability. Top-tier models have seen their intelligence scores climb roughly 4 points, yet their overall prices have nearly doubled. Mean

On June 16, SpaceX’s stock price rallied sharply in pre-market trading on U.S. exchanges, climbing roughly 11%—extending its more than 40% jump through the first two days of trading as a public company. By the close of regular trading on Monday, SpaceX’s market capitalization topped $2.5 trillion, closing in on Amazon’s valuation of nearly $2.7 trillion. In a statement released Monday, SpaceX confirmed it exercised the over-allotment option (often referred to in markets as the “greenshoe” option) for its initial public offering (IPO), which allows underwriters to sell an additional 83.3 million shares. This move lifted the total fundraising amount to $86.2 billion. Excluding the $500 million underwriting fee specified in the IPO prospectus, SpaceX’s net proceeds from the offering came to $85.7 billion. Data from Vanda Research shows that retail investor buying volume for SpaceX over its first two trading days equals the total retail buying activity across the entire U.S. stock market

June 16 — Goldman Sachs is projecting Tesla’s second-quarter electric vehicle deliveries could beat market expectations, as rebounding demand in Europe and stronger sales in China offset softness in the U.S. market. In a June 15 research note, analysts led by Mark Delaney raised Tesla’s Q2 2026 delivery forecast from 405,000 units to 420,000 vehicles — a figure that outpaces the 400,000-vehicle consensus estimate from Visible Alpha. The bank says latest regional sales and registration data align with its earlier outlook for Tesla’s quarterly delivery performance. Europe was the quarter’s key bright spot: as of May, Tesla’s registrations there jumped roughly 85% to 90% year-over-year, with strong early-June numbers. But Goldman warned that this growth was partly driven by a low comparison base from the same period last year. By contrast, the U.S. market stayed weak, with deliveries down double-digit percentage points from the start of Q2 through May. In China, data from the China

June 16: According to Bitget market data, international oil prices continued to fall. Brent crude oil dropped below $81 per barrel, marking an intraday decline of 2.59%. WTI crude oil fell below $79 per barrel, logging a 3.15% intraday drop.

June 16th: In a new official post, Apyx announced it’s launching its "Apyx 2.0" framework following its largest stress test since last June. The protocol underwent a full overhaul of its redemption mechanism, collateral structure, and transparency metrics to fix prior issues like price dislocation and redemption pressure. After launching in February and growing to roughly $500 million in circulating volume, Apyx recently faced steep market headwinds. Its core collateral asset STRC saw its worst drawdown ever, and apxUSD briefly dipped to around $0.90 on secondary markets. Even amid a surge in large redemption requests, the protocol maintained overall solvency. The stress test uncovered a core flaw: the design of its excess collateral buffer zone. Apyx explained that under extreme market conditions, allowing redemptions based on Net Asset Value (NAV) creates a structural incentive for “early redeemers to arbitrage at later holders’ expense” — speeding up capital outflows and erodi