China Consumer Price Index (YoY) came in at 1% below forecasts (1.1%) in June

The post Canadian Dollar gains ground on surging Oil, rising BoC hike bets appeared on BitcoinEthereumNews.com. The USD/CAD pair loses ground to near 1.4165 during the Asian trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders await the US weekly Initial Jobless Claims report later on Thursday. Axios reported that the US strikes hit a rail line in Golestan province in northeastern Iran, near the border, using cruise missiles. It marked the first US strike on Iranian infrastructure since the ceasefire took hold. Iran said multiple US artillery shells struck a railway bridge west of Aghala in Golestan early Thursday, triggering several explosions. Earlier, US President Donald Trump said an interim agreement to end the war with Iran was “over.” Iranian Parliament speaker Mohammad Bagher Ghalibaf warned Washington that any U.S. military action will prompt retaliation. It is worth notin

The post China’s ChangXin launches $4.3B memory IPO into an AI-driven chip boom appeared on BitcoinEthereumNews.com. ChangXin Memory Technologies (CXMT) is about to open subscription for its Shanghai IPO worth about 29.5 billion yuan (approximately 4.33 billion dollars) on July 16. This is significant not only because CXMT is the largest DRAM producer in China, but also because investors can use this event to evaluate the potential of the company in light of AI developments. This listing comes about as the memory market across the globe is changing due to developments in AI infrastructure. Companies in the cloud business have started to set up AI data centers that require new technology with higher volume and speed, particularly in high-bandwidth memory (HBM) and DRAM. With that, motherboard producers have prioritized higher profit-margin memory models. The shift has tightened supply and resulted in the continuous increase in memory prices. Interest in CXMT has spread outside of China

The post US-Iran strikes hit Hormuz; Polymarket sees 4.5% chance of July traffic normal appeared on BitcoinEthereumNews.com. Alvin Lang Jul 08, 2026 22:03 Tuesday, US Central Command said it began strikes on Iran after Iranian attacks on three commercial vessels transiting the Strait of Hormuz, with Iran promising a “crushing response.” Polymarket US-Iran strikes hit Hormuz; Polymarket sees 4.5% chance of July traffic normal US Strikes on Iran Send Polymarket Odds Crashing for “Strait of Hormuz Traffic Returns to Normal by July 31?” The Strait of Hormuz remained under renewed security strain after the United States said it launched strikes on Iran in response to attacks on commercial vessels transiting the waterway. On Polymarket, the contract “Strait of Hormuz traffic returns to normal by July 31?” was priced at 4.5% for Yes, implying traders overwhelmingly expect disruptions to persist through the deadline. Key Takeaways Polymarket prices the leading outcome as No a

The event highlights esports' growing appeal to mainstream sponsors, while the absence of blockchain tech underscores regulatory and adoption challenges. The post Valorant Champions Tour China Stage 2 kicks off in Changsha with $250K prize pool as esports eyes mainstream sponsorship dollars appeared first on Crypto Briefing.

CXMT's IPO could disrupt the global DRAM market, challenging existing oligopolies and reshaping the semiconductor supply chain dynamics. The post China’s largest DRAM maker CXMT opens investor subscriptions for $4.3B IPO next week appeared first on Crypto Briefing.

The post China’s CPI inflation falls to 1.0% YoY in June, vs 1.1% expected appeared on BitcoinEthereumNews.com. China’s Consumer Price Index (CPI) climbed 1.0% in June from a year ago after arriving at a rise of 1.2% in May, the National Bureau of Statistics of China reported on Thursday. The market consensus was for 1.1% in the reported period. Chinese CPI inflation arrived at -0.3% MoM in June versus a decline of 0.1% prior, softer than the expectation of a 0.2% fall. China’s Producer Price Index (PPI) rose 4.1% YoY in June, following a 3.9% increase in May. The data came in line with the market consensus. Market reaction to China’s CPI, PPI data The China-proxy Australian Dollar (AUD) edges slightly lower following the China’s CPI and PPI data. At the press time, the AUD/USD pair is down 0.01% on the day to trade at 0.6927. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (R

The post China Producer Price Index (YoY) meets expectations (4.1%) in June appeared on BitcoinEthereumNews.com. Gold trades with a mild negative bias in the Asian session on Thursday, fading the overnight bounce from $4,020, or a one-week low. Minutes of the June FOMC meeting showed an evenly divided debate over the monetary policy outlook and failed to impress the US Dollar bulls, which is supporting Gold. However, fresh US-Iran tensions drive Oil higher, reviving inflation concerns and limiting the USD’s downside and the bullion’s rebound. Source: https://www.fxstreet.com/news/china-producer-price-index-yoy-meets-expectations-41-in-june-202607090130

Subdued inflation in China may lead to monetary easing, impacting global markets by influencing commodity demand and risk asset valuations. The post China’s consumer inflation slows more than expected amid easing commodity costs appeared first on Crypto Briefing.