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Xiaomi annoys customers with year-long delay of YU7 electric SUV deliveries
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.
Cryptopolitan·2025/07/02 03:17
China faces rising pressure to embrace stablecoins
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.
Cryptopolitan·2025/07/02 03:17
Bitcoin Price USD Set to Soar as Political Turmoil and German Banks Fuel Adoption
Cryptoticker·2025/07/02 02:48
Dogecoin Prediction: How High Can DOGE Go in July?
Bitget·2025/07/02 02:48
Arizona Governor Rejects State Crypto Asset Reserve Bill
·2025/07/02 02:45
Flash
11:45
A temporary agreement between the US and Iran may trigger a rebound in food imports in the Persian Gulf(1) If the temporary agreement reached between the US and Iran brings an end to months-long conflict and leads to the full reopening of the Strait of Hormuz, Gulf countries are expected to begin a wave of food imports. In recent months, the region was forced to rely on longer, less efficient alternative shipping routes. (2) The Gulf region is one of the world's most dependent markets on food imports, with about 90% of food consumption coming from abroad. Iran itself is one of the world’s largest soybean meal buyers and is a significant importer of Brazilian corn. The region’s main food import hubs—such as UAE’s Jebel Ali Port, Saudi Arabia’s Dammam Port, and Iran’s Imam Khomeini Port—are all located inside the strait, making the reopening crucial for supply chains. (3) Currently, shipping disruptions are severe: according to Kpler’s chief analyst, food transport requires specialized equipment and ultimately must return to Gulf ports. At present, only about 3 dry bulk ships enter and exit per day, whereas normal levels should exceed 20 ships. Data shows that in May this year, total food imports to the region fell to 942,000 tons, a year-on-year drop of over 50%. If the agreement takes effect, import volumes are expected to rebound significantly.
11:45
SpaceX perpetual futures remain effectively priced, while spot token issuance faces setbacks.According to Bloomberg, SpaceX perpetual futures accurately reflected market sentiment and converged to the stock trading range before the Nasdaq opened, but the SpaceX stock tokenization product was ultimately forced to refund as the trading platform failed to obtain enough underlying shares.
11:41
SK Hynix rumored to launch a shareholder return plan worth hundreds of trillions of won, official response: The specific scale has never been discussed.SK Hynix responded to Jiemian News stating that it is "exploring various options to enhance shareholder value, but the company has never discussed specific details such as the scale of shareholder returns mentioned in the relevant reports." Previously, The Korea Economic Daily reported that SK Hynix planned to launch an ultra-large shareholder return policy worth 100 trillion Korean won in the fourth quarter of this year, with specific measures including share buybacks and cash dividends. This move was interpreted by outsiders as a major strategic bet by SK Group Chairman Chey Tae-won, aiming to enhance the company’s position and valuation in the global capital market through large-scale shareholder returns.
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