China’s credit expansion rebounds in May after rare loan contraction

China's new data guidelines intensify compliance demands on financial firms, complicating cross-border operations and impacting global strategies. The post China issues guidelines on financial services data amid cybersecurity push appeared first on Crypto Briefing.

Government announces plans to invest billions, but questions linger over how its proposals on chips, social media and more will work Ownership of the commanding heights of the AI economy is a political talking point around the world, as countries seek to assert some control of a technology dominated by the US and China. London Tech Week, the showcase event for the UK tech industry, focused heavily on that theme this week. A government keen to show it has a growth story, and an assertive narrative on AI, made a number of announcements related to companies, skills and infrastructure. Some represented new commitments and ideas; others appeared to be putting a polish on already announced measures. Continue reading...

Persistent retail sales declines could prompt the Fed to adopt a more accommodative monetary policy, impacting economic growth and investments. The post Chicago Fed projects US retail sales fell 0.3% in May, marking seventh decline in nine months appeared first on Crypto Briefing.

RWA perps hit $211B in May as equity-linked volumes jump 121%. DEX open interest nears 13.5% of crypto OI, signaling 24/7 equity exposure moving on-chain.

GOP lawmakers, tech investors, and even OpenAI have tied the anti-data center movement in the US to Chinese interference. Experts say it’s much more complicated than that.

Rising consumer sentiment and cooling inflation expectations could boost discretionary spending and signal potential monetary easing benefits. The post US consumer sentiment rises in June as gasoline prices fall from May peak appeared first on Crypto Briefing.

Solana price has rebounded more than 10% from its June low after a 36% correction from its May peak, with a giant falling wedge now putting the January high back on traders’ radar. According to data from crypto.news, Solana (SOL)…

China's AI investment strategy could accelerate domestic tech innovation, reduce reliance on foreign suppliers, and reshape global AI dynamics. The post China invests $295B in AI backbone amid US data center boom appeared first on Crypto Briefing.