News

Golden Ten Data reported on June 19 that several industry insiders recently pointed out in interviews that although the United States and Iran have reached a political agreement to reopen the Strait of Hormuz, the actual process of resuming navigation remains complex and may require a phased approach. According to a report released this week by commodity data analysis company Kpler, there are currently about 118 fully loaded oil tankers stranded in the Persian Gulf, waiting to pass through the Strait of Hormuz. Analysts estimate that clearing this backlog of vessels will still take 10 to 15 days. Furthermore, if several hundred more ships accumulate and wait to transit in the future, the order of passage will become a crucial factor impacting the efficiency of shipping resumption. It is widely expected within the industry that, due to their relevance to the global energy supply, oil tankers and liquefied natural gas carriers will be given priority passage, while container ships and other cargo vessels may have to wait longer.

On June 19, South Korea's Daily Economic News reported that Hyundai Motor Group plans to acquire SoftBank Group's remaining 9.65% stake in Boston Dynamics for $325 million, making the American robotics company a wholly-owned subsidiary. Hyundai is expected to hold a board meeting on June 22 to approve the acquisition. The report cited unnamed industry sources. SoftBank has informed Hyundai of its intention to exercise the 'put option' agreed upon during the previous sale of Boston Dynamics shares to sell its remaining holdings.

USDC Treasury issued an additional 250 million USDC on the Solana blockchain.