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

The post Indonesian Rupiah weakens ahead of Retail Sales data appeared on BitcoinEthereumNews.com. USD/IDR extends its gains for the second successive day, trading around 18,140 during the Asian hours on Thursday. The Indonesian Rupiah (IDR) holds losses ahead of May’s Retail Sales data due later in the day. US weekly Initial Jobless Claims will be eyed later in the North American session. The upside of the USD/IDR pair could be restrained as the US Dollar (USD) struggles following the release of Wednesday’s Federal Reserve (Fed) Meeting Minutes. The committee remains deeply divided over the trajectory of inflation, specifically whether it will remain sticky or begin to cool as geopolitical conflict in the Middle East eases. During Kevin Warsh’s debut meeting as FOMC Chairman on June 16-17, policymakers were split: while many participants noted the benchmark rate would likely finish the year unchanged or slightly below its current 3.6% level, an equally vocal contingent argued that rat

China's shift from short-term bonds may stabilize local finances, impacting global fixed-income markets by reducing high-yield bond supply. The post China pushes municipal borrowers away from short-term bonds in bid to defuse local debt risks appeared first on Crypto Briefing.

The post US-Iran strikes rattle Hormuz; Polymarket puts July normalization odds at 4.5% appeared on BitcoinEthereumNews.com. Ted Hisokawa Jul 09, 2026 04:03 Early Thursday, the U.S. launched new airstrikes on Iran, and Iran fired missiles affecting Bahrain, Kuwait and Qatar, raising doubts about any interim deal and the status of the Hormuz ceasefire. US-Iran strikes rattle Hormuz; Polymarket puts July normalization odds at 4.5% U.S. Airstrikes on Iran Push Polymarket Odds of Strait of Hormuz Normalizing by July 31 Down to 4.5% U.S. airstrikes on Iran and Tehran’s reported missile fire toward Bahrain, Kuwait and Qatar have sharpened concerns about security around the Strait of Hormuz, a key route for commercial shipping. On Polymarket, traders have sharply reduced the odds that Strait of Hormuz traffic returns to normal by July 31, pushing the contract’s Yes price down to 4.5%. Key Takeaways Polymarket prices a 95.5% chance of “No” on Strait of Hormuz traffic returnin

The post Gold struggles as Hormuz risks, Fed hike bets limit USD weakness appeared on BitcoinEthereumNews.com. Gold (XAU/USD) struggles to capitalize on the previous day’s bounce from the $4,020 area, or a one-week low, and oscillates in a narrow range during the Asian session on Thursday. The US Dollar (USD) remains on the back foot in the absence of a notable hawkish shift in the FOMC Minutes and acts as a tailwind for the bullion. However, renewed US-Iran hostilities revive inflation fears and bolster bets on a US Federal Reserve (Fed) rate increase in 2026. This helps limit the downside for the USD and continues to undermine the non-yielding yellow metal. The Minutes from the June 16–17 FOMC meeting, released on Wednesday, revealed that policymakers were divided with regard to the direction of interest rates. The minutes further stated that many participants indicated the appropriate level of the federal funds rate would be within or slightly below the current target range at the e

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.