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09:10
Alex Thorn: Strategy capital strategies can only alleviate short-term pressure and cannot solve structural problems
Galaxy Research Director Alex Thorn stated that Strategy's recent introduction of capital management reforms has alleviated market concerns about its liquidity and preferred stock system in the short term, but this move only buys time and does not fundamentally resolve the structural issues. Alex Thorn emphasized that the core issue lies in the lack of dollar liquidity sufficient to cover obligations for preferred stock and capital structure without harming the interests of all parties, resulting in various shareholder interests being squeezed, rather than whether Strategy possesses about 847,000 BTC.
09:07
Guotou Silver LOF Issues Secondary Market Premium Risk Warning Announcement
Golden Ten Data reported on July 5 that China Universal UBS Fund Management Co., Ltd. announced that its China Universal UBS Silver Futures Securities Investment Fund (LOF) Class A fund shares are trading in the secondary market at a price significantly higher than the fund share net asset value, resulting in a substantial premium. On July 3, 2026, the fund's closing price in the secondary market was 1.948 yuan, while as of July 2, 2026, the net asset value per fund share was 1.6579 yuan. Investors are hereby solemnly reminded to pay close attention to the premium risk of the secondary market trading price and make prudent investment decisions. Blind investment may lead to significant losses.
08:53
South Korea plans to establish a future fund using tax incentives from the chip industry
Golden Ten Data reported on July 5 that Kang Hoon-sik, Chief Presidential Secretary of South Korea, stated on Sunday that the government plans to use additional tax revenue generated by the semiconductor industry boom to establish a future fund. This fund will be dedicated to investing in economic growth drivers, supporting the younger generation, and addressing the growing issue of social inequality. The government will utilize the “Future Response Fund” to provide financial support for major national investment projects and strengthen the country’s long-term competitiveness. Kang Hoon-sik said, “At this critical juncture that will decide South Korea’s future, we must not waste the additional tax revenue brought by the semiconductor boom and other factors.” He pointed out that the fund will be used to support the government’s three major “super projects,” foster new growth engines, address what he referred to as the “K-shaped” economic polarization, and offer housing, entrepreneurship, and employment support for people aged 20 to 39. The proposed fund is a cornerstone for implementing President Lee Jae-myung’s goal of making South Korea “irreplaceable on a global scale,” and he urged the government and ruling party to work closely together and move forward swiftly.
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