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Finance

S&P 500 hits record intraday high; Nasdaq also tops as memory chip shares surge

The S&P 500 rose as high as 7,539.8 in intraday trade, setting another record, with strength led by technology shares. The Nasdaq also hit a new intraday high, while the Dow fell 216 points. Chip stocks, especially memory-related names, surged, led by Micron. Nvidia also supported gains after a price-target increase. Middle East developments, oil prices and rate expectations remained key intraday variables.

Crypto

Dunamu unveils 'Daily WRAP UP' YouTube economy content

Dunamu, operator of digital asset exchange Upbit, is launching a new YouTube series titled "Daily WRAP UP," the company said on Tuesday. The programme summarises economic developments each night and offers market perspectives aimed at helping investors plan future assets. It is designed to narrow information gaps about future finance. The show is split into two parts, featuring market and indicator analysis and a talk show with creators and experts.

Crypto

Strategy cuts debt with early buyback of $1.5 billion in convertibles

Strategy, described as the world's largest corporate bitcoin holder, bought back $1.5 billion face value of 2029 zero-coupon senior convertible notes for $1.38 billion in cash, cutting outstanding convertible notes to $6.7 billion from $8.2 billion. It said unpaid preferred shares total $15.5 billion and dollar reserves stand at $871 million. The company did not announce a new bitcoin purchase this week after buying 24,869 bitcoins for $2.01 billion in mid-May.