The legislative momentum behind the most anticipated digital asset framework in American history has hit a severe procedural wall. Galaxy Digital's firmwide research division has officially downgraded the 2026 passage probability of the Digital Asset Market CLARITY Act (H.R. 3633) down to a precarious 50-50 coin flip, striking a sharp blow to institutional timeline models that had previously priced in a 75% certainty of enactment.

Chinese DRAM maker ChangXin Memory Technologies (CXMT) has signed a long-term server DRAM supply agreement with Tencent worth more than 20 billion yuan ($2.94 billion). The contract is set to run for several years, with people familiar with the matter saying it spans up to three years or up to five years. The deal comes as CXMT prepares for a planned listing on Shanghai’s STAR Market and provides a major commercial endorsement ahead of the IPO, according to those people. CXMT is China’s only DRAM maker producing at scale, with about 7.7% market share, and is pushing to expand capacity to roughly 600,000 wafers per month.

India’s MCX gold has pulled back from a record Rs 192,991 per 10 grams to about Rs 143,610, a 26% drop of nearly Rs 50,000. The move has been driven by a repricing of US Federal Reserve policy, with markets factoring in three rate hikes this year and nearly an 80% chance of another increase in December. A stronger US dollar and a brief jump in oil prices have also fed inflation concerns, weighing on bullion. International gold has fallen for four straight weeks, with COMEX support seen at $3,950–$4,000 and a possible move toward $3,600 if that range breaks.

On June 29, rising tensions between the United States and Iran around the Strait of Hormuz pushed international crude oil prices higher, stoking inflation worries and reinforcing expectations of further U.S. Federal Reserve rate hikes. Spot gold fell 0.8% to $4,057.77 per ounce, marking a fourth consecutive monthly decline. In India, 24K gold was priced at about ₹1.43 lakh per 10 grams, while silver held at ₹2,193.50 per 10 grams.

The U.S. Supreme Court is poised to rule on the Trump administration’s attempt to remove Federal Reserve Governor Lisa Cook, a case widely seen as a key test of the central bank’s independence. At the same time, Fed Chair Kevin Warsh is set to make his global debut at the European Central Bank’s forum in Sintra, Portugal, outlining a shift away from explicit rate forward guidance. Warsh has said policy decisions will be driven by incoming data, as markets increasingly price in possible rate hikes even as Trump continues to call for cuts.

Solana (SOL) is showing remarkable resilience, trading steadily at $71.84 on the 4-hour chart as of June 29, 2026. While the broader cryptocurrency market has faced a choppy summer shakeout following cautious signals from the Federal Reserve, Solana is carving out its own bullish narrative.

Iran launched a new round of drone and missile attacks on Bahrain and Kuwait over the weekend, in response to new U.S. airstrikes tied to fresh sanctions, sharply escalating U.S.-Iran tensions. Japan’s Nikkei 225 fell 1% on Monday to 68,704.70, extending Friday’s 4.2% drop, while SoftBank Group slid another 5.9%. Oil prices rose but remained near levels seen before the Iran war began in late February. The latest geopolitical escalation has lifted energy risk premiums and weighed on sentiment toward Asian tech stocks.

The Philippine Department of Energy said pump prices will see a mixed adjustment from June 30, with gasoline allowed to increase by as much as P1.90 per liter. The possible uptick follows renewed U.S.-Iran military exchanges in the Persian Gulf that revived shipping risks through the Strait of Hormuz and pushed global oil prices higher, according to the agency. Oil prices had fallen sharply a week earlier on ceasefire expectations, but a return of geopolitical tensions has lifted Dubai crude and refined product prices. While local pump prices eased from last week, they remain well above levels seen before the late-February conflict.