Berenberg's Chief Economist, Schmieding, has expressed concerns that the European Central Bank's (ECB) potential decision to raise interest rates to combat inflation could be a significant mistake, potentially pushing Europe into a recession. According to Jin10, Schmieding highlighted that Europe's three major economies—Germany, France, and Italy—have already been weakened by recent surges in energy costs, leading to a stagflation environment. However, the latest PMI data indicates that employment and demand drivers are weakening, suggesting that demand destruction will 'self-resolve' the inflation issue within stagflation. Consumers will likely have to cut spending in other areas to cope with higher energy costs, reducing the need for aggressive tightening policies. Schmieding stated, 'It is important to distinguish between what central banks are likely to do and what is truly the right course of action. My sense is that the ECB will make a significant mistake... If the ECB raises rates in June—and it seems they are determined to do so—it will exacerbate economic difficulties. If they continue to raise rates thereafter, it may not lead to stagflation but rather a mild recession.'

Hong Kong's Securities and Futures Commission (SFC) has announced measures to combat the use of forged documents and mitigate money laundering risks. According to NS3.AI, these steps are part of a broader effort to enhance the integrity of the financial system. In related news, an Iranian Foreign Ministry spokesperson has urged for actions to lift the blockade of the Strait of Hormuz, emphasizing the need for open and secure maritime routes.

Copper prices are projected to decrease by 2.7% this week due to the ongoing Middle East conflict, which may impact global economic conditions and demand. According to Jin10, analysts from Commerzbank noted that copper prices have already fallen by approximately 5% from their mid-May peak. This decline is primarily attributed to increased risk aversion driven by rising oil prices. Despite this, market fundamentals remain supportive. Chile has lowered its copper production forecast due to lower ore grades and operational issues, while the resumption of operations at Indonesia's Grasberg mine is progressing slower than anticipated.

Investec has submitted an application for a banking license in Ireland, aiming to expand its operations into Europe. Bloomberg posted on X, highlighting the company's strategic move to access one of the world's largest financial markets. This initiative marks a significant step for Investec as it seeks to broaden its footprint and capitalize on the opportunities within the European financial sector.

U.S. President Donald Trump announced that the U.S. stock market has reached a new record high. According to Odaily, this statement was made in a recent post by the President.

The prediction market Polymarket has observed significant fluctuations in the win probability for KT Rolster in the 'Game 2 Winner' sub-market of the 'LoL: KT Rolster vs. Gen.G (BO3) - LCK Round 1-2' event. According to ChainCatcher, KT Rolster's win probability has surged from 24.5% to 45.5% within the past hour, marking a 21% increase. This change highlights the impact of recent developments on market predictions.

NEAR Protocol's token experienced a significant increase, rising 28% in the past 24 hours and nearly 45% over the past week. According to NS3.AI, this surge follows announcements related to confidential treasuries, AI prompt privacy, and automatic network scaling. Despite these developments, many users still believe there is only a 12% probability of an altseason occurring by July.

Bitcoin is anticipated to rebound from its current levels, according to Strategy founder Michael Saylor in an interview with CNBC. According to ChainCatcher, Saylor noted that Bitcoin had previously dropped from a high of approximately $125,000 to a low near $60,000, and is now entering a 'spring' recovery phase with strong support at its current position. Saylor highlighted that the digital credit market is absorbing the new Bitcoin supply from miners. He stated, 'Our company might purchase all the Bitcoin produced by miners from now until 2140.' Additionally, Saylor mentioned that the advancement of the U.S. CLARITY Act and the SEC's 'innovation exemption' policy for securities tokenization could serve as significant positive factors for the digital asset market.

Those two pizzas, for the first time, soldered a piece of digital code into the physical world. From that moment on, Bitcoin was no longer just a toy that miners gave to each other.

JPMorgan is rolling out AI tools across its global investment banking business to speed up work, improve client materials and help staff analyse information faster. The bank also expects to hire more AI specialists and fewer traditional bankers, as part of a wider shift across major banks using AI and reviewing workforce needs.

The China Securities Regulatory Commission (CSRC) and eight other departments jointly issued a notice on the "Implementation Plan for Comprehensive Rectification of Illegal Cross-border Securities, Futures and Fund Operations." (Jinse Finance)

China’s GigaAI has launched its SeeLight S1 humanoid robot designed to carry out household chores like cooking, laundry and cleaning using AI that can plan tasks on its own. The robot will first be tested in employee housing and Wuhan homes from 2027, as companies race to overcome safety, cost and data challenges before bringing humanoid robots into everyday households.

Eight departments jointly issued the "Implementation Plan for Comprehensive Rectification of Illegal Cross-border Securities, Futures and Fund Operations." The plan focuses on eliminating illegal cross-border securities, futures and fund operations.

Artificial Intelligence, Web 3.0, New Paradigm and Investment Logic in the AI ​​+ Web3 Era (Jinse Finance): The entire AI industry is actually still in a very early stage.

Syndicate Labs is shutting down after demand for Ethereum rollup infrastructure weakened and fewer new blockchain networks entered the market.

The capital market's attention was immediately drawn to two extreme figures for SpaceX: on one hand, the reality of an annual loss of $4.9 billion, and on the other hand, a sky-high valuation of $2 trillion.

Artificial Intelligence, OpenAI, Anthropic, IPO, OpenAI "earns one dollar but loses one dollar and two cents," Anthropic has already started making money. Golden Finance, how to choose between the two?

ChatGPT has been added to Microsoft PowerPoint as a beta add-in, letting users create and edit slides using simple text prompts. It can also pull information from connected tools like Gmail, Outlook and SharePoint to help build presentations more quickly.