News

Glonghui, June 18 — BHP will take a $2.3 billion asset impairment on its massive Jansen potash project, after announcing a series of newly emerged cost overruns and schedule delays for this Canadian expansion project. Following an assessment, the company stated on Thursday that the cost of the stage-two expansion project is now expected to reach $6.9 billion, up from the previously forecast $4.9 billion. The project is scheduled to start production at the end of 2031.

Foresight News reports that on-chain credit platform and RWA tokenization protocol Centrifuge has announced a strategic partnership with IOSG Ventures, aimed at promoting the development of institutional-grade tokenization business in Asia. This collaboration builds upon the long-term relationship between the two parties since 2021, when IOSG first invested in Centrifuge. IOSG also participated in Centrifuge's $15 million funding round in 2024, and, with the announcement of this strategic partnership, has further increased its Centrifuge position through the secondary market.

According to Foresight News, monitored by Lookonchain, after Aster announced its tokenomics update, a whale address starting with 0x5f9 went long on 5.33 million ASTER (worth approximately $3.97 million). As the price of ASTER pulled back, this address was completely liquidated, resulting in a loss of $530,600. Currently, the address has opened a new position, going long on 3.86 million ASTER (worth about $2.61 million) with 5x leverage.