BTC broke its historical high today, reaching a peak of $111,880. This is a definite reversal bull market. I foolishly thought it was a bear market consolidation, and got caught. Fortunately, I am just a retail investor, so it doesn't have much impact, and I still love to write a bit. If I were not a small player but an influential figure, this wave would have dragged my siblings into a pit. I don't mind losing money myself, but if someone follows and loses, that is really not what I want; I wouldn't feel as relaxed as I do now. This wave, I plan to hold on during the bull market, with a stop-loss set at $120,000, betting that this wave is just a small bull reversal, not a big bull market. If it’s a big bull market, holding on won’t work. This is what they call risk education; to earn more money, you have to be prepared to lose more.
In the US, a triple hit on stocks, bonds, and currencies. With the release of the US Treasury's 20-year bond auction data early this morning, the yield on US 20-year Treasury bonds surged by 13 basis points to 5.12%. The US stock market collectively plummeted against the backdrop of soaring bond yields. By the close, the S&P 500 index fell by 1.61%, closing at 5844.61 points; the NASDAQ composite index fell by 1.41%, closing at 18872.64 points; the Dow Jones Industrial Average fell by 1.91%, closing at 41860.44 points. All three major indices recorded their largest declines in a month.
The unfavorable year has temporarily trapped my NASDAQ ETF, but I should be able to get out soon.
Xiaomi's strategic new product launch conference is currently unveiling Xiaomi's self-developed first flagship processor Xuanjie O1 and Xiaomi's first SUV, Xiaomi YU7.
Xiaomi Group Chairman Lei Jun stated that Xiaomi's R&D investment is expected to reach 200 billion RMB in the next five years (2026-2030). At the same time, Xiaomi's chips will aim to match Apple. The Xiaomi 15S Pro, Xiaomi Pad 7 Ultra, and Xiaomi Watch S4 will all be equipped with Xiaomi's self-developed and designed Xuanjie chip.
SUV Xiaomi YU7 expected starting price: may be around 230,000, with some predictions suggesting its starting price could reach 245,900, and even some news indicating that its starting price may be around 250,000.
Top configuration price: The price of the top configuration version is expected to be within 350,000, and some predictions suggest that its top configuration version may reach the 350,000 price point. If its price can be below 230,000, it will greatly exceed market expectations and is expected to achieve good results in the mid-to-high-end new energy SUV market. Tomorrow, Xiaomi's stock price may rise again.
Continuing strong momentum, Pop Mart (9992.HK) continued to rise today, with a peak increase of 6% to 229 HKD in the afternoon, reaching a new historical high; the stock has risen 155% this year, and its market value has surpassed 300 billion HKD. On the news front, Pop Mart's newly released Labubu third-generation vinyl plush products are once again sweeping the globe. On second-hand platforms, the Labubu 3.0, originally priced at 99 RMB/box, has appeared at varying degrees of premium, with hidden blind boxes bidding as high as 2300 RMB, which is over 20 times the official price.
Gold prices have returned to the $3,300 mark, with spot gold continuing to rise. International gold prices have rebounded for four consecutive days and returned to above the $3,300 mark. This is mainly due to Iran recently restarting high-enriched uranium enrichment, planning to raise uranium enrichment to 60%, which can produce nuclear weapons at 90% enrichment. Trump has stated that he will use diplomatic negotiations to make Iran abandon this behavior, but Israel's attitude is much tougher; they are already planning airstrikes on Iran to destroy nuclear facilities.
BYD has defeated Tesla in Europe for the first time. BYD registered 7,231 new electric vehicle sales in April. This represents a 169% increase compared to the same period last year, placing BYD among the top ten electric vehicle brands by sales. Tesla's registered sales plummeted by 49%, dropping one rank. If plug-in hybrid vehicles are included in the statistics, BYD's sales advantage over Tesla becomes even more apparent. Jato data shows that this Chinese car company's total sales surged by 359%.
NVIDIA CEO Jensen Huang stated that the US export controls on China's artificial intelligence chips are a 'failure' because they not only did not stop China's independent development pace in the chip field, but instead caused American companies to suffer billions of dollars in sales losses.