Loopring closes Loopring DEX and returns user assets

As of the week ending June 26th, the US spot Bitcoin ETF had a net outflow of $1.79 billion, setting a record for the second largest single week net outflow in history. The number of weeks with net outflows has continued for seven consecutive weeks.

According to Crowdfunding Insider, Nasdaq listed Lion Group Holding Ltd. plans to invest up to $12 million in Indonesian fintech company PT Nusantara Bumi Sangkara through Meili Capital Management Ltd., in exchange for 10% indirect economic equity through the issuance of common stock or equity linked securities, with no cash payments involved in the transaction. PT Nusantara Bumi Sangkara is developing the Indonesian Rupiah stablecoin NIDR, which is anchored 1:1 in the Indonesian Rupiah and backed by reserve assets, with the aim of reducing cross-border payment costs and supporting blockchain financial services. PT Nusantara Bumi Sangkara has obtained regulatory approval or confirmation from the Indonesian Financial Services Authority and is expected to become one of the first compliant stablecoin issuers in Indonesia.

The People's Bank of China launched a 7-day reverse repo operation worth 157.5 billion yuan today, with a bid rate of 1.40%, and also conducted an overnight reverse repo operation worth 300 billion yuan.

The Wall Street Journal survey shows that seven economists have a median forecast for a 3.2% year-on-year increase in South Korea's June CPI, followed by a 3.1% increase in May; The month on month forecast is a 0.1% increase, with a 0.5% increase in May. DBS economist Ma Tieying expects Bank of Korea to raise interest rates once each in July and the fourth quarter.

Momenta has disclosed its global offering documents, planning to list on the Hong Kong Stock Exchange under the stock code 6880. The global offering will consist of 19.9383 million shares, including 1.99384 million shares in Hong Kong and 17.94446 million shares internationally. The issuance price is HKD 295.6, and it is expected to raise HKD 5.89 billion. Momenta has introduced 14 cornerstone investors with a total subscription amount of approximately HKD 3 billion, or approximately USD 376 million, led by the Singapore Government Investment Corporation and Fidelity International. Momenta's operating revenue will increase from 743 million yuan to 2.413 billion yuan from 2023 to 2025.