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Alibaba supercharges AI push with new data hubs in Malaysia, Philippines
Alibaba supercharges AI push with new data hubs in Malaysia, Philippines

Share link:In this post: Alibaba Cloud has opened a new data center in Malaysia and plans to open another in the Philippines in October. Alibaba is setting up a Global AI Competency Center in Singapore to train developers and support businesses with AI tools. Over the next three years, the company will invest $53 billion to build AI and cloud infrastructure worldwide.

Cryptopolitan·2025/07/02 12:13
China is fast taking the lead in global AI race ahead of the US
China is fast taking the lead in global AI race ahead of the US

Share link:In this post: Chinese AI firms edge closer to parity on the back of their price competitiveness. DeepSeek is already winning on diverse global clients. Open-source models heighten competitive pressure.

Cryptopolitan·2025/07/02 12:13
Bitcoin CME futures premium drops as institutional appetite wears off
Bitcoin CME futures premium drops as institutional appetite wears off

Share link:In this post: Bitcoin CME futures premium drops to 4.3%, the lowest since October 2023, amid declining arbitrage opportunities. Institutional interest shifts as funding rates turn negative and spot-futures spreads narrow, signaling reduced hedge fund activity. On-chain data reveals mixed whale sentiment, while technical analysts eye key liquidity zones near $101K and $110K.

Cryptopolitan·2025/07/02 12:13
Flash
18:33
The crude oil futures night session listed on the Shanghai International Energy Exchange closed down 3.93%, with a final price of 508.90 yuan per barrel.
The night session of Shanghai gold futures, linked to the Shanghai Gold Exchange, closed down 0.06%, while the night session of Shanghai silver futures closed down 0.07%. Price fluctuations in such domestic bulk commodity night sessions are typically associated with multiple factors, including trends in international commodity markets, expectations for macroeconomic policies, and changes in global supply and demand. The subsequent trend will also continue to be influenced by relevant factors such as the global crude oil supply and demand structure and the trajectory of global inflation.
18:33
The new governor of the Bank of France stated that he does not have hawkish or dovish policy inclinations, and relevant decisions will be entirely based on data.
Emmanuel Moulin, Governor of the Bank of France, revealed that when participating in the European Central Bank's policy-making, all judgments are based on actual economic data, and there is no preset bias toward either raising or lowering interest rates. It is reported that Moulin attended the European Central Bank's monetary policy meeting for the first time last week. At that meeting, all decision-makers unanimously agreed to raise borrowing costs to curb the continued spread of inflation within the economy.
18:26
Iran's Central Bank Governor: MOU Requires US to Unfreeze Iranian Assets
On June 17, Abdolnaser Hemmati, the Governor of the Central Bank of Iran, stated on June 16 local time that in the process of drafting the relevant terms regarding the unfreezing of assets under the Iran-US memorandum of understanding (MOU), all past experiences and historical cases were fully considered. Efforts were made to ensure that the mechanisms set forth in the agreement provide the highest level of assurance for the smooth access and use of these funds. Hemmati noted that the terms of the MOU clearly specify the obligations of the United States regarding the unfreezing of assets, and these obligations are clear and enforceable, requiring the US to fulfill its commitments. He also emphasized that after the signing and implementation of the MOU, necessary technical and banking verifications will be conducted to confirm whether the assets are genuinely unfrozen and can be used. Hemmati stated that these unfrozen funds belong to the Central Bank of Iran, and the management, allocation, and usage of these funds will be determined within the legal framework of the central bank's authority. The central bank will arrange the use of funds based on national needs, economic conditions, and foreign exchange priorities.
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