Trump: We will soon conduct resource exploration in our Greenland, which holds extraordinary military strategic significance.

According to the Associated Press, U.S. House Democrats are preparing to launch a 100-day agenda if they win a majority in the midterm elections, focusing on Trump-era tariffs, healthcare (including restoring Affordable Care Act tax credits and reversing Medicaid cuts), and government oversight. They also plan to push forward a War Powers Resolution to pressure the Trump administration on Iran-related issues.

Nvidia-backed AI cloud provider CoreWeave is looking to tap into the massive capital pools of insurance companies to lower its financing costs for purchasing AI chips and building infrastructure. Branin McBee, CoreWeave's co-founder and head of financing, said that if the company can secure investment-grade ratings for more of its chip-collateralized debt and ultimately improve its own credit rating, it will gain access to the insurance capital market. He noted that the insurance industry’s capital is “nearly unlimited,” as “the money sitting in insurance pools is one of the largest sources of capital in the world.” Earlier this year, CoreWeave secured an $8.5 billion loan backed by Nvidia chips and a long-term usage contract with Meta. CoreWeave’s next step is to attract insurance companies to purchase loans backed by lower-credit clients, such as financing for AI labs. So far this year, the company has raised over $35 billion through chip-collateralized loans, high-yield bonds, convertible bonds, and stock offerings. As of the end of June, the company’s total debt and lease obligations stood at approximately $52 billion.

Per TradingBeats monitoring, the ZHIPU perpetual contract on Hyperliquid is currently priced at $75.31, down approximately 3.76% from $78.26 24 hours ago, with a 24-hour trading volume of around $4.45 million. Additionally, the largest long position address for ZHIPU (0x8b3f…bc6cd) still holds roughly 74,200 ZHIPU long contracts, with a position value of about $5.59 million. The address uses 2x isolated margin, and currently faces an unrealized loss of approximately $1.663 million, resulting in a position return of -45.88%. Related update: Zhipu’s stock price has hit a new low since March this year, down nearly 20% from its September private placement price.

Bank of America is no longer involved in the potential IPO underwriting arrangements for AI startup Moonshot AI, according to people familiar with the matter. Earlier, the US lender had held discussions to serve as the overall coordinator for the firm’s Hong Kong IPO, but ultimately failed to secure a formal mandate. Moonshot AI is targeting a Hong Kong listing as early as the first quarter of 2027, with a potential fundraising scale of up to $5 billion. Currently, Goldman Sachs is the only US bank to have obtained a role in the IPO, and will act as joint listing sponsors alongside China International Capital Corporation (CICC) and Deutsche Bank. (Bloomberg)

ASML’s Q3 2026 net profit reached €4.96 billion, compared to €2.125 billion in the year-ago period and beating the market expectation of €4.165 billion. Separately, its Q3 2026 revenue stood at €11.662 billion, up from €7.516 billion in the same period last year and slightly below the market forecast of €11.735 billion.

Prominent trader Killa stated in a post that Bitcoin has seen significant buying interest in the $81,000 range, triggering two rounds of stabilization after its decline. As a result, after a full correction, Bitcoin could still rally to $87,000 this month. Killa, a quantitative trader specializing in BTC, previously predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 and shifted to a long position during the broad market sell-off on June 5.