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11:57
Retail Investors Key Drivers of SpaceX's Recent Surge
On June 16, Vanda Research reported that retail investors are the key drivers of SpaceX's recent surge, with their purchase volume in the first two days of SpaceX's stock listing equivalent to their total purchase volume in the U.S. stock market last week.
11:47
SpaceX listing continues to attract attention, Bitget SPCX contracts reach $395 million in 24-hour trading volume
According to Odaily, with the market's attention on SpaceX continuing to rise after its listing, demand for SPCX-related asset trading is simultaneously increasing. According to CoinGlass data, the current price of SPCX/USDT on the Bitget platform is 209.84 USD, with a 24-hour increase of 23.69%. Its 24-hour contract trading volume has reached 395 million USD, a 579.29% increase compared to the previous period. Currently, Bitget already supports SpaceX-related spot tokens and stock contract products, providing users with access to long and short trading and cross-asset allocation for this asset.
11:45
A temporary agreement between the US and Iran may trigger a rebound in food imports in the Persian Gulf
(1) If the temporary agreement reached between the US and Iran brings an end to months-long conflict and leads to the full reopening of the Strait of Hormuz, Gulf countries are expected to begin a wave of food imports. In recent months, the region was forced to rely on longer, less efficient alternative shipping routes. (2) The Gulf region is one of the world's most dependent markets on food imports, with about 90% of food consumption coming from abroad. Iran itself is one of the world’s largest soybean meal buyers and is a significant importer of Brazilian corn. The region’s main food import hubs—such as UAE’s Jebel Ali Port, Saudi Arabia’s Dammam Port, and Iran’s Imam Khomeini Port—are all located inside the strait, making the reopening crucial for supply chains. (3) Currently, shipping disruptions are severe: according to Kpler’s chief analyst, food transport requires specialized equipment and ultimately must return to Gulf ports. At present, only about 3 dry bulk ships enter and exit per day, whereas normal levels should exceed 20 ships. Data shows that in May this year, total food imports to the region fell to 942,000 tons, a year-on-year drop of over 50%. If the agreement takes effect, import volumes are expected to rebound significantly.
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