Poland’s President Karol Nawrocki issues new statement saying Poland mustn’t repeat the West’s mistake of using mass-immigration to solve the demographic crisis
🇵🇱
🇬🇷🇫🇷 Binance has pulled both its license applications in Greece, dropping its plan to base its European operations there.
The reason reportedly isn't regulatory. Company sources say the process got political, and that the European Central Bank signaled Greece that "Binance is not welcome in Europe."
Other reporting ties that to ECB chief Christine Lagarde, who allegedly raised it with PM Mitsotakis in May, with the ECB worried about Binance's grip on stablecoins as it builds its own digital euro.
Greece wanted the investment but deferred to Frankfurt. The license was a passport to all 27 EU states, so Binance is now turning to France before a June 30 deadline.
Sources: Kathimerini, Reuters / Writer: Julie
Alphabet will replace Verizon in the Dow Jones Industrial Average before the market opens on June 29. S&P Dow Jones Indices justified the change by Verizon’s limited impact on the price-weighted index, resulting from its low share price. Alphabet’s inclusion will increase the Dow Jones Industrial Average’s exposure to digital advertising, cloud computing, artificial intelligence and other technology areas.
Inclusion in the Dow Jones Industrial Average will generate one-off demand from funds and financial products tracking the index and may increase Alphabet’s weighting in the portfolios of investors using the Dow as a benchmark. However, the scale of the flows will be limited relative to the company’s market capitalization and liquidity, as significantly more assets track the S&P 500 and Nasdaq-100, in which Alphabet is already included.
The Ethereum Foundation is reducing its workforce by approximately 20%, eliminating 54 positions as part of a restructuring linked to its updated mandate and treasury management policy. The organization will concentrate its activities across five areas, including institutional engagement, financial infrastructure and regulatory coordination. The cuts follow the departure or role changes of around nine senior figures over the past six months, including two co-executive directors. At the same time, BitMine, SharpLink and Joseph Lubin have backed a new organization, ETHLabs, which aims to accelerate Ethereum’s technological development and institutional adoption.
The scale of leadership turnover and the reduction of one-fifth of the workforce point to governance problems and a previous lack of focus in resource allocation, rather than merely routine cost optimization. A simplified structure could improve decision-making speed, but the simultaneous creation of ETHLabs shows that some key initiatives and funding are shifting outside the Ethereum Foundation. Such decentralization could accelerate ecosystem development, but it also increases the risk of fragmented accountability, competition for developers and a lack of a coherent technological direction. For ETH, the news is negative from a short-term reputational perspective, while its long-term assessment will depend on whether the smaller foundation begins executing its development roadmap more efficiently rather than simply losing influence to new organizations.
Oil exports from the United Arab Emirates rose to 4.3 million barrels per day in early June, equivalent to around 85% of pre-war levels, compared with 1.9 million barrels per day in March. The recovery was enabled by a pipeline bypassing the Strait of Hormuz, the 42-million-barrel Mandous storage facility and shipments through the strait with vessel transponders switched off. Following the interim agreement between the U.S. and Iran, flows through the Strait of Hormuz increased.
The data show that the actual loss of supply was significantly smaller than the most pessimistic scenarios had suggested, limiting the persistence of the geopolitical premium in oil prices. The UAE demonstrated that infrastructure bypassing the Strait of Hormuz and its own fleet can partially absorb disruptions, so with further de-escalation the market will have limited grounds to price in an extreme shortage again. At the same time, shipments with transponders switched off confirm that flows remain operationally fragile and dependent on the informal tolerance of the parties to the conflict. The information is negative for short-term oil price expectations, but positive for refiners, airlines, transportation companies and other sectors sensitive to energy costs.
More than $1 billion worth of Nvidia processors were reportedly smuggled into China in just three months despite U.S. export restrictions. On the black market, B200 systems are being sold at premiums of around 50% compared with U.S. prices, while shipments are routed mainly through third countries, including Vietnam, using falsified documentation. Demand also includes H100 and H200 chips and comes primarily from Chinese entities developing artificial intelligence solutions.
The information is qualitatively positive for the assessment of Nvidia’s technological advantage, but its financial significance is limited. The premium of up to 50% is captured by intermediaries rather than the company, so the black market confirms the strength of demand but does not translate proportionally into Nvidia’s revenue or margins. A more important consequence could be Washington’s response, tighter re-export controls, mandatory tracking of where chips are used and greater distributor accountability could also make legal sales to third countries more difficult. The most important point is that Chinese companies still regard Nvidia’s chips as difficult to replace, but the company bears the regulatory risk arising from smuggling without capturing the economic premium generated by scarcity.
🇯🇵 A Japanese lady claims that Islamic immigration needs to be stopped in Japan because "they do acid attacks and the Quran tells you to harm women. It's too dangerous."
The Walls are Closing In on Ilhan Omar
From nothing to $30 Million, now back to nothing. Her financials look extremely sketchy. Clearly hiding something. Hope investigators don’t let it slide.
Follow The Money
🇵🇹 LUIS FIGO: "Está claro que algunos jugadores no quieren a Cristiano Ronaldo en el equipo de manera evidente. Tal vez piensan que los frena, pero olvidan todo lo que él ha hecho por este país. El joven Cristiano no necesitaba a nadie para marcar goles, ganaba los partidos él solo. Durante años cargó a Portugal sobre sus hombros. Cristiano es Portugal en sí mismo. Merece respeto y una despedida honorable digna de una leyenda.
Cuando Cristiano fue convocado por primera vez a la selección nacional, respetaba a todos los jugadores mayores que él. Ahora tenemos delante a niños arrogantes... Pero ¿qué han conseguido ellos? Nada. La única razón por la que creemos que podemos ganar una Copa del Mundo es él. Él es la inspiración de todos."
This is modern slavery: Muslims are enslaving Black Christian Africans.
Yet mainstream media, leftists, the UN, and the woke Pope stay silent on Muslim-on-Christian crimes.
Pray for the safety of Christians in Africa?
A. Yes
B. No
All DOGE required was contact information of the recipients to confirm that funding was not fraudulent. No validated medical funding was stopped.
Anything that appeared to be legitimate lifesaving funding continued and is now administered by the State Department.
If anyone had actually died as a result of DOGE, their names would be worldwide headline news!
On the other hand, USAID did help fund the Wuhan Virology Institute, which caused the deaths of millions, and the revolution that started the Russia-Ukraine war.
SpaceX has signed an agreement with Reflection AI for access to Nvidia GB300 chips at the Colossus data center. The startup will pay $150 million per month starting July 1, 2026 and the total value of the contract could reach approximately $6.3 billion by the end of 2029. However, either party may terminate the agreement with 90 days’ notice after the first three months. Reflection joins Anthropic, Google and Cursor as an external customer of SpaceX’s infrastructure, as the company transforms Colossus from a facility supporting Grok into a commercial computing-power platform.
For SpaceX, this is financially beneficial because previously unused infrastructure is beginning to generate external, recurring revenue and could improve the return on its enormous data-center investments. At the same time, the company is providing its most advanced chips to direct competitors of xAI, helping them develop and train their own models more quickly. This is an indirect signal that Grok is not currently using the full potential of the infrastructure that has been built and may be lagging behind in terms of adoption scale, demand, or product development pace. The overall impact is therefore mixed SpaceX is effectively monetizing excess computing capacity, but it is doing so at the cost of strengthening companies competing with Grok for users, enterprise customers and technological leadership.
Qualcomm is in advanced talks to acquire Modular, a company developing AI infrastructure software, for approximately $4 billion. The transaction could be announced in the coming weeks, although no final agreement has yet been reached. Modular raised $250 million in September at a valuation of $1.6 billion and has raised $380 million in total. The acquisition is intended to expand Qualcomm’s offering with an AI software layer and strengthen its position against Nvidia, particularly in the inference market.
The acquisition of Modular would indicate that Qualcomm wants to compete not only on chip performance, but also through the software environment, which is one of the main sources of Nvidia’s competitive advantage. Modular could make it easier for customers to run models across different types of processors and lower the barrier to migrating away from the CUDA ecosystem, which would increase the attractiveness of Qualcomm’s accelerators. However, a price of approximately $4 billion implies a 150% increase in Modular’s valuation in less than a year, so the economic rationale of the transaction will depend on whether Qualcomm can translate the company’s technology into sales of its own chips and real data-center deployments.
Donald Trump signed two executive orders aimed at accelerating the development of the U.S. quantum sector. The administration set a target of deploying by 2028 a quantum computer capable of conducting useful scientific research and instructed the Department of Energy to develop criteria for evaluating such a system. The Departments of Defense and Commerce are also expected to deploy quantum sensors, including as an alternative to GPS, within five years. The second executive order accelerates the transition of government agencies and critical infrastructure to quantum-resistant security systems, moving the deadline forward to 2031 from 2035.
The executive orders strengthen the sector primarily by establishing specific deadlines, measurable technological standards and potential federal demand. The main beneficiaries may be companies with functioning systems, relationships with the government and the ability to participate in Department of Energy and Department of Defense programs, rather than companies presenting only long-term development plans. For IonQ, this is a favorable catalyst, the company may gain access to new research and defense contracts, while its activities in quantum computing, networking and sensing align with several of the administration’s objectives. At the same time, setting a benchmark for 2028 increases pressure to demonstrate a practical technological advantage.
The U.S. temporarily eased sanctions on Iran, allowing it for two months to sell oil in dollars, including to U.S. buyers and to receive payments directly from abroad. The decision makes it easier for Tehran to repatriate export revenues and temporarily legalizes oil sales from sanctioned tankers. The concession is part of negotiations concerning the reopening of the Strait of Hormuz, Iran’s nuclear program and further sanctions relief. Vice President JD Vance also said that Iran had agreed to allow IAEA inspectors to return, although the scope of their access to nuclear facilities has not yet been agreed.
For Iran, this represents significant financial support, as the ability to settle transactions in dollars reduces intermediary costs, expands the pool of potential buyers and makes it easier to use export revenues in international trade. The value of the concession itself demonstrates the dollar’s continued strength, access to the U.S. currency and payment infrastructure remains a tool through which Washington can isolate countries from the global financial system or offer them quickly tangible economic relief. For the oil market, the decision reduces the short-term risk of supply constraints and escalation around the Strait of Hormuz, but the two-month duration of the waiver means that its impact remains reversible. The U.S. is granting Tehran a real economic benefit before securing full agreement on inspector access and restrictions on the nuclear program, which weakens some of its negotiating leverage.