💥 The market for tokenized real-world assets (RWA) has surged by 260% since the beginning of 2025, according to Binance Research. This significant growth highlights the increasing interest and investment in the sector, reflecting a broader trend towards digital asset innovation and adoption. For more details, visit Binance.
🇷🇺 The average maximum deposit rate in rubles decreased to 19.39% in the third decade of May, according to the Central Bank of Russia.
⚠️🌎 Auto manufacturers in the US, Europe, and Japan are raising alarms over China's restrictions on rare earth metals (REM). These limitations could disrupt global automobile production. — BBG
⚡️ The Russian government has postponed the decision on a year-round ban on cryptocurrency mining in Zabaikalsky Krai and Buryatia for two months. Proposals from the leaders of Karelia and Penza Region to impose a ban on mining have been withdrawn, according to the cabinet. The Ministry of Energy and the Federal Antimonopoly Service will work on encouraging mining activities in regions with surplus electricity and capacity.
🚨🇨🇳🇺🇸 Vice President of China Han Zheng is meeting with a US delegation for high-level dialogue. Previously, RTRS reported that Trump will speak with Xi on Friday, June 6.
🛢🇪🇺🇷🇺 Investor Lynch, seeking to negotiate the purchase of the "Nord Stream 2", believes Europe will revert to buying Russian gas due to its affordability, as reported by the NYT. The U.S. investor has proposed that Germany consider an American acquisition of the pipeline, according to another report by the NYT.
🫖 Sugar prices have dropped to their lowest level in four years, reflecting significant changes in the market. This decline may impact consumers and businesses alike, altering purchasing decisions and production costs. The current trends suggest a shift in supply and demand dynamics within the sugar industry. For more details, visit this link.
💥🇺🇸 Robinhood reported that total assets on its platform exceeded $250 billion in May.
🇺🇸 Procter & Gamble is set to cut 7,000 jobs over the next two years as part of its cost-reduction strategy amid tariff uncertainties. The decision reflects the company's efforts to streamline operations and manage financial challenges effectively. For more details, visit the full article here.
💥 The Russian government will gradually reimburse the lost revenues of the Far Eastern Generating Company (DGK, part of RusHydro) by 2028. This measure addresses the discrepancies between actual and planned fuel costs in tariff regulation until 2025, according to Novak.
⚠️🇺🇸 Musk warns that America is rapidly heading towards bankruptcy, yet it seems no one is concerned.
🚚 KAMAZ has captured a 30% share of the Russian heavy-duty truck market in the first four months of 2025, increasing to 33% in April. This marks a nearly twofold rise in the company's market segment, according to Anton Saraykin, Deputy General Director of Sales and Service at PJSC KAMAZ, in an interview with the publication "Ridус".
🔥🇪🇺 The European Central Bank (ECB) has announced a key interest rate of 2.15%, unchanged from expectations but down from 2.4%. The Deposit Facility Rate is now set at 2%, down from 2.25%, while the Marginal Lending Facility stands at 2.4%, decreased from 2.65%. This marks the eighth rate cut in the current cycle. Additionally, the ECB has revised its inflation forecast for the Eurozone for 2025-2026.
🚨 Upcoming Events
The United States will release its Initial Jobless Claims data at 15:30 Moscow time. Additionally, the U.S. Trade Balance for April will also be announced at the same time.
The United States will release its Initial Jobless Claims data at 15:30 Moscow time. Additionally, the U.S. Trade Balance for April will also be announced at the same time.
⚠️🇺🇸 Elon Musk is attempting to block a tax bill proposed by Donald Trump after failing to persuade Republican lawmakers to maintain tax incentives for electric vehicles.
🚨 The United States recorded a trade balance in April of -$61.6 billion, better than the expected -$67.6 billion. This marks a significant improvement from the previous figure of -$140.5 billion, now revised to -$138.3 billion.
🚨 The United States has reported that initial jobless claims stand at 247,000, surpassing expectations of 236,000 and up from the previous week's figure of 240,000.