🌟 Hong Kong's stablecoin law is set to take effect on August 1.

🚨 A long position in Bitcoin held by prominent trader James Wynn, a whale currently in the spotlight, has been liquidated amid the ongoing tussle between Trump and Musk.

⚡️🇺🇸 Musk will move to Russia and become one of the top executives at AvtoVAZ and Roscosmos, according to sources.

🚨🛢️🇷🇺 Russian oil exports have plummeted by one-third in just a week due to EU sanctions targeting 189 tankers. Experts believe it will take several months to restore these shipments, highlighting the significant impact of the ongoing sanctions on the energy sector. For more information, visit Kommersant.

🇩🇪🇺🇸 Merz's trip to the U.S. has been described as modest, with many labeling it a "failure." In a joking manner, Trump promised to supply Germany with weapons. Merkel has called for unity between the U.S. and the EU in the fight against Russia.

⚠️🛢🇷🇺 Analysts predict a decline in gas exports from Russia by 2025. While shipments to China and other Asian countries are expected to rise, they will not fully offset the decrease in supplies to Europe. Experts forecast that pipeline gas exports from Russia will fall by 3% year-on-year, reaching 115 billion cubic meters in 2025, according to Vedomosti.

❗️🇮🇳 India's Central Bank has set the interest rate at 5.5%, a decrease from the previous rate of 6%. This decision comes as expectations were for a rate of 5.75%.

⚠️✴️🇺🇸 Tensions are rising within Trump's crypto empire. World Liberty Financial (WLFI), owned by Trump's sons, has begun feuding with Fight Fight Fight LLC, the team behind the TRUMP meme coin. WLFI sent a cease-and-desist letter to Fight Fight Fight, demanding they halt unlawful activities. The disputes erupted after Fight Fight Fight announced plans to develop the "TRUMP Wallet." Partner company Magic Eden also received a letter demanding they cease their actions. For more details, visit BBG.

🚨 Most experts anticipate that the Central Bank of Russia will maintain the interest rate at 21% during today's meeting. However, some analysts are considering a potential decrease of 1-2%, according to a survey conducted by RIA.

🇷🇺 "Magnit" is working to divest its hypermarkets, focusing instead on developing smaller formats, such as convenience stores and ultra-small retail outlets. According to Kommersant, the main contender for these retail spaces is the "Lenta" chain.

🇺🇸 The U.S. trade deficit has seen a historic reduction, driven by the largest drop in imports on record. This significant decrease indicates a sudden halt in the influx of goods by certain companies ahead of impending tariff increases. For more details, visit BBG.

🚨 The rivalry between Elon Musk and Donald Trump may intensify in the near future, according to The New York Times. Meanwhile, Politico reports that White House advisors are seeking to reconcile the two influential figures.

⚠️🇩🇪 In Germany, the surge in corporate bankruptcies is alarming, surpassing even the financial crisis of 2008. This escalating trend poses significant challenges for the nation's economy, with no clear end in sight. For further details, visit RN.

🇪🇺🇨🇳 The European Union will not pivot its economic focus towards China, even if trade talks with the United States fail, according to Michal Baranowski, Poland's Deputy Minister of Economic Development and Technology, who chairs the EU Council. He made these comments in an interview with Euractiv.

🚀 Uber is exploring the potential of using stablecoins as a payment method, according to its CEO. The move could enhance the company's payment options, aligning with the growing trend of cryptocurrencies in everyday transactions. For more details, visit the official site.

🌟 The GENIUS Act, a bill concerning stablecoins, is likely to gain significant bipartisan support in the Senate, following Republicans' acceptance of numerous amendments proposed by Democrats. This was confirmed by Senator Ruben Gallego.

💰 In May, the volume of funds attracted to mutual investment funds (PIFs) reached a record high for the year. Money market funds emerged as the frontrunners, drawing investors with high yields. Anticipating a potential easing of the Bank of Russia's policy, investors are increasingly allocating funds to bond funds as well. However, market participants expect interest in riskier equity funds to rise only in the future. — Ъ

⚠️🇪🇺🇷🇺 French Foreign Minister Barrot expressed hope that the European Commission will present a new package of sanctions against Russia by the end of June.

🪙 The exchange price of silver has reached a 14-year high, marking a significant milestone in the commodities market.

🚨 Germany's industrial production for April has reported a decline of 1.4% month-on-month, which is worse than the expected decrease of 0.9% and follows a prior increase of 3%. The data reflects ongoing challenges in the economy. For more details, visit this link.

⚠️✴️🇺🇸 One of Trump's advisors at World Liberty Financial has shorted the TRUMP token on the Hyperliquid platform, according to LookonChain monitoring. BBG reports a potential rift within Trump's crypto team as the TRUMP token approaches historic lows.