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Share link:In this post: Elon Musk’s X is in a legal battle with the Indian government over content moderation. India’s Solicitor General rebuked the lawyer’s comments, emphasizing that government officials are legitimate statutory functionaries. Neither party is willing to concede ground as Musk’s feud with the Narendra Modi administration enters long-term territory.
Share link:In this post: Xiaomi customers face 38–60 week-long delays for their YU7 electric SUVs. Over 400 complaints have been lodged after buyers paid a non-refundable 5,000 yuan deposit before they learned about the long wait. Buyers fear losing out on China’s EV tax exemptions, which expire in 2025, and could potentially raise the final costs of the vehicle.
Share link:In this post: Chinese economists urge Beijing to consider yuan-linked stablecoins amid US regulatory breakthroughs. PBOC officials signal openness, citing stablecoins’ potential to transform global payments. Hong Kong emerges as a key testbed for offshore digital yuan initiatives.
- 03:58Bank of Korea Expected to Postpone Next Rate Cut Until OctoberAccording to ChainCatcher, Min Joo Kang, Senior Economist at ING, stated that the Bank of Korea is expected to postpone its next interest rate cut until October in response to the recent rise in domestic housing prices and household debt. Kang pointed out that the Bank of Korea can act cautiously and focus more on financial stability, as inflation is expected to remain near the central bank’s 2% target for the foreseeable future. In June, the country’s overall consumer inflation rose 2.2% year-on-year, slightly above the market consensus of 2.1%. Core inflation, which excludes volatile food and energy prices, remained steady at 2.0% for the second consecutive month.
- 03:58U.S. Spot Ethereum ETFs Saw Net Inflows of $40.7 Million YesterdayAccording to Farside Investors' monitoring data reported by Jinse Finance, the net inflow into U.S. spot Ethereum ETFs reached $40.7 million yesterday.
- 03:36A whale transfers 1,595 BTC worth $168.55 million to an exchangeAccording to Jinse Finance, Onchain Lens monitoring has revealed that a whale has transferred 1,595 BTC, valued at $168.55 million, to an exchange.