Australia’s unadjusted consumer price index (CPI) fell 0.7% month-on-month in May. According to Jin10, the result compared with a market expectation of a 0.4% decline and a prior reading of a 0.4% increase.

Australia’s seasonally adjusted consumer price index (CPI) inflation rate was 4% year over year in May, down from 4.2% previously. According to Jin10, the latest reading indicates a slowdown from the prior reported rate.

Indonesia’s Financial Services Authority welcomed MSCI’s decision to maintain Indonesia’s emerging market status. According to Jin10, the regulator said it supported MSCI’s move to keep Indonesia classified as an emerging market.

The global cryptocurrency market cap now stands at $2.14T, down by -2.64% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $61,960 and $63,119 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $62,678, up by 0.25%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include HEI, SAHARA, and ALICE, up by 42%, 20%, and 20%, respectively. Top stories of the day: Asian Stocks Shake After Global Tech Selloff; MSCI Asia-Pacific Flat as South Korea Rebounds 2.2% Congress Passes Bill to Bar Federal Reserve CBDC Issuance Through December 31, 2030 Cboe Global Markets Launches New Prediction-Market Products, Including Binary Options on Mini S&P 500 Ethereum Foundation to Cut Budget by About 40% and Increase AI-Assisted Formal Verification Market News Today: Seoul's KOSPI Crashes 10% to Lead Asia's AI-Fuelled Rout — SpaceX Plunges 16%, Yen Hits 40-Year Low, Oil Falls on Iran Progress Bitcoin News Today: Bitcoin Falls Below $63,000 as AI Tech Selloff Drags Risk Assets Lower — KOSPI Crashes 6%, STRC Hits New Lows Market News: SpaceX Lost $600 Billion in Three Days — Nearly Half Bitcoin's Market Cap — While BTC Held Near $63,600 Altcoin News: Altcoin Season Signal Hits 86 — But It's Bitcoin Falling, Not Alts Rising, as KOSPI Crashes 10% and 200-Week SMA Breaks Market movers: NVDAB: $201.42 (-0.59%) SPCXB: $157.23 (+4.40%) MUB: $1091.3 (-3.02%) TSLAB: $384.72 (-2.45%) AMDB: $528.13 (+1.22%) INTCB: $135.07 (+3.98%) SNDKB: $2020.44 (-2.77%) ETH: $1667.67 (+0.81%) BNB: $576.55 (+0.52%) XRP: $1.098 (-0.66%) Top gainers on Binance: HEI/USDT (+42%) SAHARA/USDT (+20%) ALICE/USDT (+20%)

South Korea delayed a plan to launch weekly single-stock options on shares including SK Hynix Inc. and Samsung Electronics Co., according to Bloomberg. The postponement is the latest sign regulators are growing more cautious after wild swings in the country’s stock market.

Citi strategist Scott Chronert said investors could consider a barbell approach that combines exposure to the Nasdaq with allocations to small-cap equities. According to NS3.AI, Chronert also said Citi expects S&P 500 earnings per share of 350 this year, compared with a consensus estimate of 341.

Indonesia is set to allow a significant increase in nickel-mine production later this year, a move that would ease supply constraints for local smelters but add pressure to global prices for the battery metal, according to Bloomberg.

China’s major stock indexes opened lower on Wednesday, June 24. According to Jin10, the Shanghai Composite Index opened down 16.15 points, or 0.39%, at 4,090.10. The Shenzhen Component Index opened down 71.80 points, or 0.45%, at 15,782.40. The CSI 300 Index opened down 19.00 points, or 0.39%, at 4,900.38. The ChiNext Index opened down 10.29 points, or 0.25%, at 4,181.91. The STAR 50 Index opened down 19.87 points, or 1.04%, at 1,896.34.

MoonPay has acquired AI accounting start-up Entendre to expand beyond crypto payments and automate back-office financial operations.

Artificial intelligence is falling short of human advisers for many needs of the ultra-wealthy, according to a report from HSBC Holdings Plc, Bloomberg reported.

Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. is raising questions about filmmakers’ ability to reach audiences in the European Union, according to the bloc’s antitrust chief, Bloomberg reported.

A New York man was jailed for 15 months after using fake Telegram accounts to steal more than $1.4 million in a crypto scam. He promised staking rewards, never invested the funds, and authorities recovered most of the money.

Scammers are using fake GTA 6 websites to trick gamers into sending cryptocurrency for non-existent early access downloads. The sites imitate official stores, charge around $250, and leave victims with no way to recover their money.

Prediction market platform Kalshi has added India to its list of restricted jurisdictions, expanding its blocked regions to a total of 55, according to an updated members’ agreement released on Wednesday.

A warning from Binance co-founder Yi He about an alleged impersonator has escalated into a broader controversy involving crypto derivatives exchange CoinUp, highlighting how quickly reputation battles can spread across the industry.

Google is supporting AI startups, including those founded by former employees, with up to $350,000 in cloud credits, technical guidance and access to its infrastructure without taking equity.

A New York attorney is pressing a state judge to force an anonymous plaintiff to reveal their identity in an extraordinary case seeking legal ownership of roughly 3.8 million Bitcoin, including coins associated with Bitcoin’s pseudonymous creator Satoshi Nakamoto.

South Korea is moving its Project Hangang digital currency from testing into real banking and payment systems, including government use. Banks support the idea but warn it will be costly and require major system upgrades.

El Salvador appears to be quietly expanding its Bitcoin reserves despite an agreement with the International Monetary Fund that was meant to halt further accumulation, setting up an increasingly awkward standoff between President Nayib Bukele's Bitcoin strategy and the country's international lenders.

A Chinese-linked network tied to fentanyl precursor exports was found to be running a crypto scam using a fake “zksync.jp” token and Japanese domains to trick investors.