Odaily Odaily reports that Mitsubishi UFJ analyst Lee Hardman stated in a report that if Tuesday's data shows US core inflation pressures remained moderate in June, the dollar could weaken. He noted that the market will closely watch for second-round effects on core inflation from rising energy prices.

He indicated that since the outbreak of the US-Iran conflict, core inflation has only risen slightly. "If core inflation data remains moderate again, coupled with some easing in energy inflation, market participants are likely to lower their expectations for further Federal Reserve rate hikes, thereby curbing USD strength over the coming week." (Jin Shi)

Odaily Planet Daily News: Bitget has officially launched its platform-level yield product "Cash Plus," providing users with a new stablecoin flexible income service, initially supporting USDT / USDC. This product balances profitability, liquidity, and capital efficiency, with daily compounding returns during the holding period. It supports instant 1:1 redemption with real-time fund availability and zero fees with no slippage. The initial reference annualized yield for the product is 4% APR, with actual returns subject to dynamic adjustments based on market conditions.

According to the plan, Cash Plus will be further integrated into the Bitget Unified Trading Account (UTA) in the third quarter. After integration, the Cash Plus balance can be used directly as trading margin while continuing to generate returns, enabling a capital reuse experience of "earning interest while trading."

Odaily reported that Meta Platforms has pledged an additional $40 billion investment in its large-scale data center campus in Louisiana, USA. As the company continues to expand its artificial intelligence computing footprint, the project's estimated total investment is set to exceed $250 billion. Meta announced on Monday that it will expand its data center project in rural Louisiana to at least 5 gigawatts (GW) of computing capacity, bringing the total investment to $50 billion.

Previously, the company had announced a $10 billion investment to build the data center and surrounding communities. In May of this year, reports indicated that Meta planned to inject another $200 billion into the project, primarily for the procurement of high-cost computing chips to be installed on the nearly 4,000-acre campus. According to a source familiar with the matter, this would bring the project's estimated total investment to at least $250 billion. As of now, Meta has not disclosed any specific expenditures beyond the $50 billion for this project. (Jin Shi)

Odaily reported that, according to Lookonchain monitoring, one hour ago, a wallet associated with K3Capital withdrew 10,000 ETH, valued at $17.85 million, from Binance. Abraxas Capital also withdrew 6,948 ETH, valued at $12.42 million, from Binance and Bitfinex.

Odaily reports that Binance stated on X platform that investors are no longer waiting for market opening hours. 44% of bStocks trading volume occurs outside regular trading hours, with overnight activity reaching twice the turnover of the underlying stocks. The new market expectation is access rights, not market trading hours.

Odaily Odaily reports that in response to the recent sharp decline in the South Korean stock market, the domestic independent global macro research institution, Tantu Macro, previously stated that there are structural similarities between South Korea's current financial risks and the 1996 Asian Financial Crisis (AFC): semiconductor exports account for 41% of total exports (compared to 16% in 1996), foreign ownership of stocks has reached an all-time high of 40%, and the external debt-to-GDP ratio has risen to 39.6%. However, key differences exist: 1) The reserve adequacy ratio (ARA) stands at 92% (only 54% before the AFC), while the proportion of short-term external debt has fallen to 9.4% (11.5% before the AFC); 2) A freely floating exchange rate has replaced a soft peg, reducing the risk of a speculative attack; 3) The growth rate of corporate leverage has slowed, and the bank non-performing loan ratio is lower than during the AFC period.

Currently, risks are mainly concentrated in the stock market: The KOSPI's price-to-book ratio of 2x and price-to-earnings ratio of 30x are both at record highs, and margin debt has doubled in a year and a half to 38.6 trillion won. The financial stability index shows overall risk is at the 62nd percentile historically (yellow warning zone), while the valuation dimension is at the 91st percentile.

Model calculations estimate a 5% probability of South Korea falling into negative growth over the next year, but the risk of a vicious cycle is significantly lower than during the AFC, primarily due to an enhanced foreign reserve buffer and increased exchange rate flexibility. Recessions of this magnitude have only occurred three times in the past thirty years. Core warning: If the semiconductor cycle reverses or Fed tightening triggers foreign capital outflows, the stock market could become a hub for risk transmission.

Odaily, Robinhood will launch a crypto AI Agent trading feature for its US users. Eligible US users will soon be able to connect their AI Agents to dedicated Robinhood accounts, allowing the AI Agents to conduct crypto trades on behalf of the user, with support for real-time profit/loss tracking and push notifications. This feature will support agents from third-party AI companies such as Anthropic, OpenAI, and Grok, with UK users set to be the next cohort to gain access.

Odaily Planet Daily News: South Korea's Ministry of Climate, Energy and Environment has begun formulating an early power supply plan for the new semiconductor industrial complex in the Honam region, and plans to determine new Energy Storage System (ESS) and pumped-storage hydropower projects through the 12th Basic Plan for Power Supply and Demand. The 11th Basic Plan for Power Supply and Demand estimated that, considering the construction of the Yongin semiconductor industrial complex, South Korea would require a total of 21.75GW of long-duration energy storage systems by 2038. The South Korean government previously disclosed a first-phase power supply target of 6.3GW for the southwestern semiconductor fab cluster. Industry insiders in South Korea expect the domestic ESS market to expand to over 40 trillion KRW in the future. (ZDNet Korea Semiconductor).