NEW: 🇺🇸 White House accelerates plans for AI model standards; guidance could be announced as early as next week — FT reports

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NEW: 🇪🇺 EU's MiCA crypto regulation fully in force as of July 1, requiring licenses for all crypto firms.

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NEW: 🇺🇸 Trump earned over $1 billion from crypto ventures last year, financial disclosure shows.

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NEW: 🇯🇵 Japan June monetary base contracts 13.7% y/y, worse than expected -10.0% and prior -12.2%.

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NEW: 🇺🇸 US heatwave puts 160 million on alert, DOE declares energy emergency to prevent blackouts

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NEW: Nvidia plans to take a share of certain customers' cloud income — The Information reports

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NEW: 🇯🇵 Japan shifts forex intervention strategy to target speculators rather than signaling risks early — sources

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NEW: 🇰🇷 South Korea inflation accelerates to 30-month high in June — WSJ reports

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NEW: 🤖 OpenAI proposes giving Trump administration 5% stake — FT reports

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NEW: 🇺🇸 Nvidia partners with AI clouds to deploy large-scale AI factories with revenue-sharing model

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🚨BREAKING🚨: 🇷🇺 Russia launches massive strike on Ukraine; Poland scrambles jets and Finland restricts airspace in response.

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NEW: 🇯🇵 Japan 20-year bond yield rises 11 basis points to 3.775%.

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NEW: 🇯🇵 BOJ board member Nagahama forecasts rate hikes this year and next summer, followed by a pause.

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NEW: 🇶🇦 US-Iran talks in Doha focus on Strait of Hormuz management and terms of 60-day MOU for nuclear deal — Axios reports

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NEW: 🇨🇳 ¥1.4 trillion (CNY) wiped from Chinese stock market today.

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NEW: 💰 UBS cuts year-end gold forecast to $5,000/oz on higher rates

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NEW: 🇰🇷 Samsung and SK Hynix shares tumble over 9% as chip rout spreads from Wall Street

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NEW: 🇩🇪 Germany's finance minister says taking harder line against China, will protect against unfair competition

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NEW: 🇪🇺 EU court upholds €4.1B antitrust fine against Google over Android practices

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NEW: 🚨 Beijing confirms pilot Liu, 66, flew plane into high-rise building — statement

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NEW: 🇮🇷 Iran says it will respond to US interventions in Hormuz — FARS reports

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