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23:16
CopperTech Metals applies for US IPO, net sales increased by over 200% in the last fiscal year
Citigroup, Cantor, BMO Capital Markets, RBC Capital Markets, and other institutions are among the underwriters for this issuance. According to the company's report, in the fiscal year ending March 31, 2026, its Konkola copper mine recorded net sales of $1.33 billion, compared to approximately $398 million a year earlier. Expand
23:05
Overnight Highlights for June 3
```htmlThe Dow Jones rose by 228.91 points, an increase of 0.45%, to 51,307.79 points; the Nasdaq gained 7.09 points, up 0.03%, at 27,093.90 points; the S&P 500 index rose by 9.94 points, an increase of 0.13%, to 7,609.90 points.2. Marvell Technology closed up 32.52%, with a trading volume of $28.249 billion. The company received endorsement from NVIDIA CEO Jensen Huang, achieved record revenue for the latest quarter, and sharply revised its revenue guidance upward.3. Trump stated that dialogue between the United States and Iran has been ongoing.4. On Tuesday, Trump signed an executive order requiring AI companies to provide relevant models to the government 30 days before their public release.5. On the 2nd, the European Central Bank released a report showing that by the end of 2025, gold will account for 27% of the total global official reserve assets, while the proportion of US Treasury bonds will fall to 22% during the same period, making gold the largest global official reserve asset.6. On Tuesday, Microsoft announced a series of comprehensive AI initiatives, including autonomous office assistants, smart devices, PCs equipped with NVIDIA chips, and new internal reasoning models.7. SpaceX is requesting to lower IPO underwriting fees, but Wall Street investment banks are still expected to share $500 million in income.8. A shell company connected to Musk purchased $55 billion worth of land on the outskirts of Houston.9. NBA star Stephen Curry's agreement with Li-Ning is worth more than $400 million.```
23:05
UK House of Lords committee suggests central bank reassess stablecoin holding limits
The Bank of England has proposed a personal stablecoin holding limit of £20,000, and a corporate limit of £10 million. The UK House of Lords Financial Services Regulation Committee has recommended reassessing this restriction and reconsidering the requirement for stablecoin issuers to hold at least 40% of their backing in non-interest-bearing central bank deposits. The committee stated that market growth should be monitored and that holding limits should only be implemented if financial stability risks become clear.
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