News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.

Flash
00:18
Lithium iron phosphate prices double as demand remains strong```htmlGolden Ten Data reported on June 21 that iron phosphate and lithium iron phosphate are important raw materials for new energy and energy storage batteries. Their prices have been rising steadily this year, and the market remains highly active. According to reporters, a package of about 400 kilograms of lithium iron phosphate now costs over 25,000 yuan, whereas a year ago the price was only 10,000 yuan. Despite the price having doubled, demand remains strong. In the finished goods warehouse of a lithium iron phosphate production factory, both new shelves and the floor are packed with products. Over 90% of the lithium iron phosphate produced by this company is supplied to leading new energy vehicle manufacturers, which is the primary source of their growth in order volume this year. Company executives told reporters that booming exports of new energy vehicles and energy storage products are continuously driving up demand for lithium iron phosphate, making it a key reason for this round of price increases. In addition to downstream demand stimulation, rising prices of upstream raw materials are another critical factor behind the current high prices of lithium iron phosphate. It is reported that lithium iron phosphate is mainly produced by mixing iron phosphate, lithium carbonate, and glucose, with iron phosphate accounting for around 30% of the total raw material cost. Since the beginning of this year, the price of iron phosphate has risen sharply, increasing the overall production cost of lithium iron phosphate.```
00:14
Brennan Watt: Solana SIMD proposal expected to be completed within the year, will increase the inflation decay rateAnza CEO Brennan Watt stated that the Solana-related SIMD proposals are expected to be completed within the year. SIMD-123 has been approved and is close to code completion, while SIMD-553 and SIMD-550 have received conceptual confirmation from Anza. If SIMD-550 and SIMD-553 are implemented together, the annual SOL inflation reduction rate will increase from 15% to 30%, potentially reducing token emissions by about 1.36 billion USD over six years. The average daily SOL burn amount will rise from approximately 650 to as many as 9,000.
00:02
Bank of Korea warns: Memory chip boom may increase inflationary pressureGlonghui, June 21 — The Bank of Korea has issued a warning that massive performance bonuses resulting from the boom cycle in memory chips may spread from the semiconductor industry to broader sectors, thereby increasing inflationary pressure. With bonuses for Samsung and SK Hynix employees surging dramatically, luxury goods consumption around chip factories has significantly heated up, and retail stocks such as Shinsegae, Lotte Shopping, and Hyundai Department Store have been speculatively traded by investors as “memory chip concept stocks.” Currently, the Bank of Korea forecasts the country’s overall inflation rate this year could reach 2.7%, well above the policy target of 2%. As a result, the July or September policy meetings of the Bank of Korea have already become important windows for possible rate hikes.
News