News

The proportion of the Meme coin sector in the total altcoin market capitalization has dropped to 3.7%, the lowest level since February 2024, and below the peak of over 10% during the Meme coin boom in November 2024. (CoinDesk)

On July 6, as the U.S. market reopened after the holiday, the Middle East peace agreement remains unachieved, and last week's labor indicators were disappointing. U.S. Treasury yields showed mixed movements while the dollar rose slightly. Meanwhile, OPEC+ agreed to increase production, leading to a decline in oil prices. The Federal Reserve's meeting minutes will be released on Wednesday, and this week is relatively quiet in terms of data. The dollar index is up 0.2%. The yield on the 10-year U.S. Treasury bond is at 4.459%, higher than last Thursday's closing rate of 4.447%. The yield on the two-year U.S. Treasury bond fell from 4.130% to 4.108%. (Jin Shi)

On July 6, according to filings with the U.S. Securities and Exchange Commission, Broadcom (AVGO.O) has extended its technology collaboration with Apple (AAPL.O) through a new multi-year agreement until 2031. Broadcom will develop and supply a range of custom ASIC silicon products for the manufacturing of multiple generations of Apple products. Following this positive news, the shares of a company rose over 4% in pre-market trading.