Framework closes $400 million funding for its fourth fund, with proceeds earmarked for frontier technology sectors.

According to Lookonchain monitoring, CXMT has entered its fifth trading day since listing, with its price breaking through $8. Long positions currently hold the upper hand in the ongoing long-short game. On-chain data shows whale address 0xf292 is currently shorting 2.9 million CXMT, worth roughly $23.54 million, with an unrealized loss of around $4.67 million, and has paid approximately $1.42 million in funding fees. Another whale address, 0x9a80, holds a long position of 1.63 million CXMT valued at about $13.27 million, with an unrealized profit of roughly $2.46 million, and has earned around $823,000 from funding fees.

The Bank of Japan (BOJ) continued to warn that core inflation could exceed its 2% target, and pledged to keep raising borrowing costs in line with economic and price trends. The central bank also revised its assessment of the balance of risks to economic growth, stating that risks are now balanced rather than skewed to the downside. This signals that the drag from the Middle East conflict is less severe than officials initially feared, as surging global demand for artificial intelligence has acted as a buffer to soften the blow. Overall, the BOJ’s remarks indicate that the yen’s persistent weakness could exacerbate inflationary pressures, fueling expectations of another interest rate adjustment. Investors are increasingly pricing in bets that the BOJ will raise rates before October, and Governor Kazuo Ueda is likely to provide clues supporting this view at a press conference this afternoon.

The A-share market opened higher in morning trade before fluctuating. As of midday close, the Shanghai Composite Index rose 0.76%, the Shenzhen Component Index gained 3.16%, the ChiNext Index climbed 5.04%, the Beijing Securities 50 Index advanced 3.4%, and the STAR 50 Index increased 5.91%. C-Changxin briefly topped 4 trillion yuan in intraday market capitalization, surging over 14% to 60.49 yuan per share, hitting a new all-time high. By sector, the storage chip sector opened higher and fluctuated, with stocks including Lihexing, Juguang Technology, Zhongke Feice, and Nanya New Materials rising over 10%. The robotics concept sector rallied amid fluctuations, with Zhongdali De and Fenglong Co., Ltd. hitting the 10% daily price limit. The computing power leasing sector was active, with multiple stocks including Meiliyun, Yunsai Zhilian, Hongjing Technology, and Litong Electronics hitting the daily 10% price limit.

Today, reports have surfaced that Tesla is considering spinning off its China operations, a move to pave the way for a potential future merger with SpaceX. Tesla China responded to reporters, stating that the claim is "untrue".

The Bank of Japan (BOJ) held its policy rate at 1% on Friday, in line with market expectations. Last month, the central bank had raised its benchmark interest rate to the highest level since 1995. BOJ Policy Board member Hajime Takata dissented from the vote, advocating a 25 basis point rate hike. Takata argued that Japan has entered a new phase, and the BOJ needs to adopt flexible measures to address upside risks to prices and changes in overseas financial conditions. The BOJ stated that it will continue to raise rates based on economic and price developments as well as financial conditions. Core inflation is nearing 2%, financial conditions remain accommodative, and both significant downside risks to economic activity and major upside risks to prices have eased. In its latest economic projections, the BOJ cut its core CPI forecast for fiscal 2026 from 2.8% to 2.5%, while raising its fiscal 2026 GDP growth forecast from 0.5% to 0.6%. (Jinshi)

According to an official announcement, Bitget has launched U-denominated GRVT perpetual contracts, with a maximum leverage of up to 20x. Corresponding contract trading bots will also be rolled out simultaneously. For more details, please refer to Bitget’s official platform.