Scram News

INTERPOL fraud sweep exposes $122.5 million crypto wallet

INTERPOL said on Thursday that a 97-country fraud sweep led to 5,811 arrests and the interception of $293 million in illicit assets, while investigators in Thailand uncovered a crypto-laundering network that used cross-chain token swaps to obscure proceeds from romance scams.

Night skyline over Hong Kong's Central district and Victoria Harbour

Deals

Luxshare (002475.SZ) IPO falls 9.6% in Hong Kong debut

Singapore financial district skyline with high-rise towers

Crypto

Temasek still treats crypto as a governance scar

Crypto

AscendEX shutdown revives exchange payout risk after FTX

Economy

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New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., June 17, 2026.

Federal Reserve minutes show split over 2026 rate path

Federal Reserve minutes from June showed stronger inflation concern and no immediate support for cuts, keeping the 2026 rate path divided.

July 9, 2026

Crypto

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Regulation

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Markets

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Modern skyscrapers in Istanbul's financial district

Turkey frontier-market warning puts index access at risk

Turkey's frontier-market warning from S&P Dow Jones turns transparency concerns into an index-access risk with a one-year review clock.

July 9, 2026

Commodities

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Oil storage tanks and energy infrastructure illustration for a story on oil prices after U.S. strikes on Iran

Oil jumps after U.S. strikes on Iran threaten Hormuz truce

July 8, 2026

Hong Kong skyline and Victoria Harbour, illustrating the city behind the new bullion clearing push.

Hong Kong gold clearing system starts trial with 11 banks

July 7, 2026

A large oil tanker sailing on the ocean with a sunset view.

Hormuz attacks resume, threatening oil's post-truce unwind

July 7, 2026

Rosland Capital bankruptcy exposes stress in gold retail

July 5, 2026

Oil tanker crossing a narrow shipping strait as Gulf crude routes normalize.

OPEC+ raises August quotas as Hormuz flows recover, crude slips

July 5, 2026

Saudi Aramco's Ras Tanura refinery and oil terminal on Saudi Arabia's Gulf coast

Saudi Aramco exports rebound as spot crude sales linger

July 3, 2026

Deals

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Banking

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HSBC headquarters with a glass facade under a clear sky

HSBC private-credit pullback adds fresh banking stress

HSBC private-credit pullback points to tighter bank underwriting after a $400 million hit and new strain in fund finance.

July 7, 2026

Stocks

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DeepSeek AI chip push hits Nvidia, sharpens China race

July 8, 2026

Apple tests CXMT chips for China devices as costs rise

July 8, 2026

Sungrow utility-scale solar inverter equipment

Sungrow plunges 20% on report of possible US ban

July 1, 2026

Samsung Electronics semiconductor manufacturing line

Samsung, SK Hynix shares fall on $1.3tn capex plan

June 29, 2026

Close-up of memory chips on a circuit board, illustrating the AI memory boom.

SK Hynix Nasdaq listing lifts shares 11% in AI memory race

June 25, 2026

Server racks and cabling inside a data centre used for AI workloads.

Micron stock rises on Anthropic AI memory supply deal

June 22, 2026

Earnings

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Analysis

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High-voltage electrical substation representing the power infrastructure behind AI data-center leases

Anthropic puts a $19 billion price on AI's power bottleneck

Anthropic-TeraWulf lease gives investors a $19 billion yardstick for AI power scarcity, grid risk and data-center cash flows.

July 7, 2026

INTERPOL fraud sweep exposes $122.5 million crypto wallet

Luxshare (002475.SZ) IPO falls 9.6% in Hong Kong debut

Temasek still treats crypto as a governance scar

AscendEX shutdown revives exchange payout risk after FTX

Economy

Federal Reserve minutes show split over 2026 rate path

US inflation expectations rise to 3.7% in June survey

New Zealand raises key rate to 2.5%, first hike in 3 years

UK student loans: MPs call promotion mis-selling

PCE may cool on paper before prices cool in the real economy

Trump Accounts reach hospitals as newborn rollout goes live

Crypto

Temasek still treats crypto as a governance scar

AscendEX shutdown revives exchange payout risk after FTX

Strategy (MSTR) flags $8.32bn Q2 bitcoin loss after sale

Lean Ethereum roadmap: Buterin maps 3-4 year rebuild

Circle shares fall as OUSD tests USDC moat; Ark buys dip

Circle (CRCL) ARC token sale raises $20.25M at $3bn valuation

Regulation

INTERPOL fraud sweep exposes $122.5 million crypto wallet

India crypto ban warning: RBI revives prohibition case

Adani DOJ case: judge seeks details, shares slip

SEC crypto rules put exchanges and broker-dealers on agenda

Ripple MiCA license opens 30-country EU crypto market

Evergreen Marine insider trading probe hits office search

Alibaba wins temporary reprieve from Pentagon lobbying ban

Trump allies widen fight over Federal Reserve independence

Markets

Turkey frontier-market warning puts index access at risk

Japan borrowing costs hit 30-year high on debt fears

PBOC lifts Hong Kong yuan hub with 800bn Bond Connect quota

Hong Kong's IPO revival meets its first supply test

Yen undervalued by 20% puts Japan intervention back in play

Nvidia AI server delay to 2028 hits Asian supplier stocks

Commodities

Oil jumps after U.S. strikes on Iran threaten Hormuz truce

Hong Kong gold clearing system starts trial with 11 banks

Hormuz attacks resume, threatening oil's post-truce unwind

Rosland Capital bankruptcy exposes stress in gold retail

OPEC+ raises August quotas as Hormuz flows recover, crude slips

Saudi Aramco exports rebound as spot crude sales linger

Deals

SK Hynix US listing demand tops 7x as AI-memory trade holds

BofA extends first $520 million loan to OpenAI ahead of IPO, source says

Luxshare (002475.SZ) IPO falls 9.6% in Hong Kong debut

Momenta Hong Kong IPO rises 3% in debut, testing AI demand

GameStop (GME) 2.5bn-share vote arms proposed eBay deal

SK Hynix's Nasdaq debut tests the next leg of the AI trade

ITV Sky deal: Sky to buy ITV unit for £1.6bn

Csquare IPO seeks $1.35bn as Brookfield tests AI demand

Banking

HSBC private-credit pullback adds fresh banking stress

Mubadala opens $25bn credit arm to outside investors

Plaid IPO talks test fintech listing window after reset

Britain’s consumer-credit stress is becoming a bank-risk story

Stablecoin law could drain community bank deposits

Indonesia banks repatriate $640M as Prabowo risk rises

Stocks

DeepSeek AI chip push hits Nvidia, sharpens China race

Apple tests CXMT chips for China devices as costs rise

Sungrow plunges 20% on report of possible US ban

Samsung, SK Hynix shares fall on $1.3tn capex plan

SK Hynix Nasdaq listing lifts shares 11% in AI memory race

Micron stock rises on Anthropic AI memory supply deal

Earnings

SpaceX's IPO gives Wall Street banks an earnings tailwind

Samsung's record quarter tests faith in the AI memory boom

Micron’s $22bn commitments show AI memory is still tight

Cerebras’ revenue surge cannot hide AI-chip margin math

CarMax beat on sales, but margin pressure still sank the stock

GameStop (GME) Q1 profit jumps on $2B buyback plan

India earnings rebound becomes a commodity-cost stress test

Pick n Pay break-even target moves to 2029 as costs bite

Analysis

Anthropic puts a $19 billion price on AI's power bottleneck

AI data center trade hits power, politics and capex wall

Why the BIS sees the AI capex boom as a debt-market risk

Micron’s $22bn commitments show AI memory is still tight

SpaceX’s triple-C ESG score lands after the IPO rush