News

On June 20, Namada, a privacy blockchain based on Cosmos, officially announced that a security vulnerability exploitation incident had occurred within its protocol. The team is currently investigating the issue and has contacted relevant parties to address it collaboratively. If the perpetrator of this exploitation incident is a white-hat hacker, please reach out to the team as soon as possible.

After the completion of this acquisition, InnovCare Life Sciences will become a wholly-owned subsidiary of Sun Pharma India. It is expected that this will further enrich the former's product portfolio and strengthen its market competitiveness in the relevant pharmaceutical sectors.

BlockBeats news, June 20, the market focus next week will continue to revolve around Middle East geopolitics and U.S. PCE data. Here are the key points the market will focus on in the new week (all in UTC+8): Thursday 04:00 (UTC+8), the Federal Reserve will release the annual bank stress test results; Thursday 20:30 (UTC+8), U.S. initial jobless claims for the week ending June 20, U.S. May core PCE price index year-on-year, U.S. May personal spending month-on-month, U.S. Q1 final real GDP annualized quarter-on-quarter, U.S. Q1 preliminary real personal consumption expenditure quarter-on-quarter, U.S. Q1 final real personal consumption expenditure quarter-on-quarter, U.S. Q1 final core PCE price index annualized quarter-on-quarter, U.S. May core PCE price index month-on-month, U.S. May durable goods orders month-on-month; Friday 03:40 (UTC+8), FOMC permanent voting member, New York Fed President Williams will give a speech; Friday 06:30 (UTC+8), 2027 FOMC voting member, Chicago Fed President Goolsbee will give a speech; Friday 23:30 (UTC+8), 2026 FOMC voting member, Minneapolis Fed President Kashkari will give a speech. The Federal Reserve's most closely watched Core PCE price index will be released next Thursday, along with May's personal income and expenditure data. According to the Cleveland Fed's inflation forecasting model, May core PCE is expected to remain unchanged at 3.3%, while overall PCE is expected to edge up slightly from 3.8% to 4.0%. Storage chip maker Micron Technology (MU) will release its quarterly earnings report after the close of U.S. stock markets on June 24 (Wednesday), which will be a key indicator of chip demand. The market will take this opportunity to observe whether demand is still accelerating. The company guides revenue of $33.5 billion, with a gross margin of about 81%.