Crypto markets were hit by a sharp wave of forced selling as about $155 million in leveraged long positions were liquidated within 60 minutes, deepening a broader sell-off that pushed Bitcoin and major tokens lower and exposed the risk built up across perpetual futures and margin trading platforms. The liquidation burst reflected a rapid unwinding of bullish bets after prices broke through key support levels, leaving heavily […]
The delegation of over 70 business and institutional leaders from Hong Kong and the Chinese Mainland is the largest and most diverse overseas mission led by the current term of the HKSAR Government so far.
Speaking to the media in Uzbekistan yesterday (June 4), Mr Lee set out the three main objectives of the visit: further explore emerging markets and lay the foundation for long-term economic and trade development; strengthen government-to-government (G2G) relationships and promote closer bilateral co-operation; and build a “hub-to-hub” model of co-operation.
He said the visit had been successful, yielding achievements in eight areas, including:
While in Tashkent (June 3-5), Mr Lee met with local leaders, government officials and business representatives to deepen co-operation between Hong Kong and Uzbekistan in areas including trade, investment, finance, I&T, and people-to-people exchanges.
Mr Lee held meetings with the President of Uzbekistan, Shavkat Miromonovich Mirziyoyev, his Advisor on Strategic Development, Sardor Umurzakov, the Prime Minister, Abdulla Nigmatovich Aripov, as well as the Deputy Prime Minister, Jamshid Khodjayev, to exchange views on furthering mutual co-operation.
Mr Lee highlighted that under the “one country, two systems” principle, Hong Kong enjoys both the China advantage and the global advantage. He said that Hong Kong would continue to play its roles as a “super connector” and a “super value-adder” to further deepen co-operation and exchanges with Uzbekistan on various fronts in line with Uzbekistan’s goal of achieving high-quality development.
Earlier (June 3), Mr Lee met with the Minister of Foreign Affairs of Uzbekistan, Bakhtiyor Saidov, after which they jointly witnessed an exchange of notes between the two places on a mutual visa-free arrangement, which would allow a visa-free period of 30 days for visitors from both sides.
“Moreover, we are glad to have initialed the Air Services Agreement with Uzbekistan, and look forward to launching direct passenger flights between the two places soon,” Mr Lee said, during a high-level business dinner (June 4). The Chief Executive pointed out that Hong Kong and Uzbekistan are important trade and investment gateways to their respective regions – the Asia-Pacific and Central Asia.
“It helps that we are all believers in the Belt and Road (B&R) Initiative, a modern expression of the ancient Silk Road spirit,” Mr Lee said. “Today, China is Uzbekistan’s largest trading partner, and the two countries work closely on major infrastructure and connectivity projects that are revitalising the Silk Road. Hong Kong is a pivotal player in the B&R Initiative, thanks to our world-class professional and financial services expertise.”
The delegation also toured the IT Park Uzbekistan and the Center for Islamic Civilization before concluding its visit in Tashkent.
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Bitget has added 15 tokenised stocks and exchange-traded funds as eligible margin assets for futures trading, extending the role of equity-linked digital assets from spot exposure into collateral management inside its unified trading system. The change took effect on June 4, UTC+8, and applies to the exchange’s Unified Trading Account and Multi-Asset Mode for USDT-M Futures. It allows users to deploy selected tokenised equities and ETFs as […]
Microsoft’s unveiling of its Majorana 2 quantum chip has intensified debate over how quickly Bitcoin and other digital assets must prepare for a post-quantum security era. The chip, presented at the company’s Build conference in San Francisco, marks the next stage of Microsoft’s long-running push to develop a fault-tolerant quantum computer based on topological qubits. Microsoft says the new processor delivers a sharp improvement over Majorana 1, […]
ChangeNOW has been named Best Digital Assets Fintech at the BeInCrypto x Proof of Talk Institutional 100 Awards 2026, giving the non-custodial crypto platform fresh visibility as financial institutions deepen their involvement in blockchain-based services, tokenised payments and regulated digital asset infrastructure. The award was presented at a live ceremony at the Louvre Palace in Paris during Proof of Talk 2026, a two-day Web3 and digital finance […]
MEXC has integrated with TradingView, allowing users to execute crypto trades directly from the charting platform and reducing the gap between market analysis and order placement in one of the fastest-moving areas of digital-asset trading. The Victoria, Seychelles-based exchange said the tie-up gives traders access to TradingView’s charting interface while connecting them to MEXC’s spot and derivatives markets. The move is aimed particularly at active crypto users […]
HONG KONG SAR – Media OutReach Newswire – 4 June 2026 – Organised by the Hong Kong Innovation Foundation (‘HKIF’), the Fifth Hong Kong Science Fair (‘Science Fair’) will take place from 27 to 28 June 2026 at the Hong Kong Convention and Exhibition Centre. The event will showcase around 120 shortlisted teams from primary and secondary schools across Hong Kong, presenting creative inventions that integrate artificial intelligence with a diverse range of technology applications. With Sino Group as Principal Patron, the Innovation, Technology and Industry Bureau of the HKSAR Government (ITIB) as the Supporting Bureau, and the Hong Kong Council for Testing and Certification (HKCTC) as Strategic Partner, HKIF is also honoured to have, for the first time, invited the Foundation for the Development of Science and Technology in China as an Advisory Organisation. Representatives from the Foundation will attend the award ceremony to witness the announcement of this year’s winning teams. Consistently a major draw for the community, the Science Fair is now open for online registration with free admission, and the public is warmly invited to attend in person.
Following Hong Kong’s first astronaut, Dr Lai Ka-ying, into space, the local innovation and technology ecosystem has attracted even greater attention. This year’s Science Fair has specially incorporated aerospace engineering elements, enabling the public to learn about the daily work and challenges of payload specialists, gain insight into the reality of aerospace research and development, and spark greater interest among young people in space exploration. Dr Lai launched aboard the Shenzhou-23 manned spacecraft and is expected to remain in space for approximately six months to conduct space science experiments and maintenance tasks. Visitors can express their support and encouragement by creating message cards for her. In addition, UBTECH Robotics, a globally leading enterprise in embodied AI robotics, will participate in the exhibition, showcasing multiple humanoid robots and offering visitors the opportunity to experience the appeal of embodied intelligence up close.
Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government, stated: ‘The Hong Kong SAR Government is fully committed to developing Hong Kong into an international innovation and technology (I&T) centre, with talent being a key driver of this growth. Now in its fifth edition, the Hong Kong Science Fair – organised by the Hong Kong Innovation Foundation – has become an annual flagship I&T education event. It offers students a valuable platform to turn their innovative ideas into practice, deepen their interest and confidence in I&T, and help bring I&T into schools and the wider community, thereby fostering a more innovation-friendly atmosphere. I look forward to seeing more young people unleash their potential through this platform, pursue careers in I&T, and contribute to the high-quality development of Hong Kong and our nation.’
Mr Daryl Ng, SBS, JP, Chairman of the Hong Kong Innovation Foundation and Chairman of Sino Group, said ‘Innovation and technology are key to Hong Kong’s long-term sustainable development and are integral to the country’s 15th Five-Year Plan. It is vital for Hong Kong to strengthen its I&T capabilities and actively contribute to national development, as underscored by the historic moment when Dr Lai Ka-ying became Hong Kong’s first astronaut. We are encouraged to see growing recognition of I&T opening up new opportunities for young people aspiring to pursue scientific research. As the Hong Kong Science Fair enters its fifth edition, its growth has been made possible by the support of the HKSAR Government, industry partners, tertiary institutions, research organisations, and our panels of judges. This year, we are grateful for the guidance and support of the Foundation for the Development of Science and Technology in China. Moving forward, the Science Fair will remain committed to nurturing talent from an early age, bringing together all sectors to promote I&T and inspire more young people to pursue careers in science and technology.’
Professor Anderson Shum, MH, Chairman of Judging Panel, Hong Kong Science Fair, President of The Hong Kong Young Academy of Sciences, said, ‘The Science Fair adopts the format of “integrating competition with exhibition,” enabling students to translate their learning into tangible and verifiable outcomes. This plays an important role in nurturing Hong Kong’s youth I&T ecosystem. I am delighted to have served as a judge for this major event over the years, witnessing students progressively enhance their presentation skills, build confidence, and broaden their horizons through exchanges with experts, participation in workshops and showcasing their work to the public. The standard of participating projects continues to improve each year, with increasing integration of artificial intelligence and diverse technological applications across different fields. Scientific research is a journey that demands passion and perseverance, and the growth of young scientists often begins with curiosity during their primary and secondary school years. Through these exchanges, we hope to leverage the role-model influence of young scientists, inspiring more students to pursue I&T as their lifelong career. I look forward to seeing our younger generation continue to grow and excel in scientific research and innovation, and officially join the community of scientists in the near future to jointly drive Hong Kong’s I&T development.’
Mr Michael Tam, Chief Brand Officer of UBTECH, said, ‘Humanoid robots are among the most promising real-world embodiments of artificial intelligence, reflecting a future in which intelligent systems are deeply integrated with the physical world. As a global pioneer in humanoid robotics, UBTECH has remained at the forefront of innovation for more than 14 years, with a long-standing commitment to I&T education. The company is dedicated to translating advanced technologies into practical, accessible educational resources. Through collaboration with like-minded partners such as the Hong Kong Innovation Foundation, we aim to inspire greater interest and engagement among both teachers and students in humanoid robotics and artificial intelligence. We are committed to supporting the development of Hong Kong’s I&T education ecosystem, helping to nurture future-ready talent and build a strong, sustainable foundation for long-term growth.’
Since its launch in 2021, the Science Fair has attracted participation from over 400 local schools, engaging nearly 9,000 Primary 4 to Secondary 6 students and their teachers. To date, more than 2,200 creative invention submissions have been received and total attendance has exceeded 120,000 visitors. The Science Fair has gradually established itself as a key platform for youth innovation and technology (‘I&T’) exchange and one of Hong Kong’s most representative I&T education initiatives. This year’s response has been enthusiastic, with over 500 project submissions received. Following preliminary judging, around 120 shortlisted teams took part in a series of workshops and mentorship sessions, and will present their projects at the exhibition in late June to compete for top awards. Gold award-winning teams from each category will have the opportunity to participate in the International Exhibition of Inventions Geneva in Switzerland, fostering idea exchange with global I&T talents.
The Hong Kong Science Fair draws tens of thousands of visitors each year. During the exhibition period, the venue will be transformed into a catalyst for city-wide I&T inspiration. In addition to student showcases, five interactive zones will offer hands-on experiences, including DIY bubble bath bomb workshops, freezer-free slushie making, themed games celebrating the Science Fair’s fifth anniversary, and modified remote-controlled cars made from upcycled household appliances, allowing visitors of all ages to explore science and innovation through engaging and enjoyable activities.
To celebrate the Science Fair’s fifth edition, various special experiences will be introduced. The venue will feature a hidden Science Fair character treasure hunt and check-in activity, through which visitors can redeem curated gifts upon completion. Limited-edition souvenirs, including the ‘HKSF-5 Metal Standee Collection’ and the ‘Special Edition Robo K’ blind boxes, will also be available in limited quantities. All proceeds from the HKSF Bazaar, with no deduction, will go directly to charity to support local community technology initiatives.
The Fifth Hong Kong Science Fair Details:
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Hashtag: #HKIF #ScienceFair
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Cardano’s ADA token fell below 20 US cents as founder Charles Hoskinson said he was “taking a break” after warning that the blockchain ecosystem faces a wave of project failures, deepening concern over funding, governance and developer momentum. ADA traded around $0.19 on Thursday after dropping more than 12 per cent over 24 hours, taking its one-year decline to about 70 per cent and pushing the token […]
Bitcoin fell four percent on Wednesday to $64,721.39, its weakest level since 28 February, as pressure from fund withdrawals, leveraged liquidations and shifting macroeconomic signals deepened a broad retreat across digital assets. The slide extended a difficult stretch for the world’s largest cryptocurrency, which has moved sharply lower after failing to hold above key support levels near $70,000. Selling accelerated as investors reduced exposure to risk assets, […]
Washington and Tehran exchanged fresh military strikes across the Gulf, placing new pressure on a fragile ceasefire and raising the risk of wider disruption around one of the world’s most important energy corridors. US forces intercepted Iranian ballistic missiles and drones aimed at neighbouring Middle East countries and then struck a military ground control station on Iran’s Qeshm Island, near the Strait of Hormuz. The operation followed […]
US forces said they defeated an overnight wave of missile and drone attacks launched by Iran towards Gulf states and civilian shipping, while carrying out self-defence strikes on military sites on Qeshm Island near the Strait of Hormuz. The confrontation marked a sharp escalation in a conflict already threatening energy flows, maritime security and diplomatic efforts to contain hostilities across the Gulf. US Central Command said its […]
The award-winning dance company is one of the premier collegiate dance ensembles in the United States, renowned for its elite performance and vibrant stage presence. It has captivated audiences worldwide with its unique blend of standard ballroom and Latin dances, including the Waltz, Tango, Quickstep, Cha-cha and Samba.
Audiences in India can look forward to an unforgettable evening of entertainment, featuring artistic moves with dazzling costumes. These appearances are part of the Company’s annual international tour, which seeks to foster cultural understanding and strengthen global friendships through the universal language of dance.
Last year, they had the privilege of performing for His Majesty King Maha Vajiralongkorn and Her Majesty Queen Suthida in Thailand; Her Royal Highness Preah Reach Botrey Samdech Norodom Arunrasmy in Cambodia; as well as other dignitaries and professionals in Vietnam, demonstrating their role as cultural ambassadors on the global stage.
“We feel deeply honored for the opportunity to travel to India and experience its remarkable culture and traditions firsthand,” said Curt Holman, the artistic director of the Company. “Ballroom dance has a unique ability to transcend language and culture, and through movement and music. Our students look forward not only to sharing their artistry, but also to learning from the people of India.”
Interested individuals may now reserve complimentary tickets through Eventbrite, while availability lasts. Tickets for the New Delhi shows have already been fully reserved.
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Binance has launched regulated dirham bank transfers for users in the UAE, giving customers a local-currency route to buy and sell selected stablecoins through a framework designed to strengthen protection for client funds. The service allows eligible users to transfer UAE dirhams through a regulated financial channel and convert funds into USDT and USDC, reducing reliance on dollar-linked payment routes, card transactions and informal transfer methods. Transactions […]
Arabian Post Staff -Dubai Iran’s Revolutionary Guards said they targeted a US-linked airbase after American strikes hit military sites on Iran’s Gulf coast, adding fresh pressure to a fragile ceasefire that has failed to stop intermittent exchanges between Washington and Tehran. The latest confrontation followed US military strikes on radar, drone control and launch facilities near Qeshm Island and Goruk after the downing of an American MQ-1 […]
Video assistant referees will have wider authority at the 2026 World Cup after football’s lawmakers approved a clarification allowing intervention for clear attacking fouls committed before the ball is put into play at corners and free kicks. The change means a goal, penalty decision or disciplinary sanction can be reviewed if an attacking player blocks, holds, impedes or otherwise fouls an opponent before the set-piece is taken, […]
BGB regained upward momentum as Bitget’s latest wave of trading incentives drew renewed attention to the exchange token, lifting it nearly 7 per cent intraday after months of muted performance across much of the first half of 2026. The token traded around $2.11, with daily turnover above $22m and a market value of about $1.48bn, supported by a circulating supply of roughly 700m BGB. The move placed […]
Bitcoin remained under pressure near the $74,000 level after on-chain signals pointed to weakening demand from large holders, raising the risk that the world’s biggest cryptocurrency could stay locked in a bear phase well into 2027. The token traded around $73,900 on Saturday after a volatile week in which it fell close to $72,600, its weakest level since mid-April. The move followed a sharp risk-off turn across […]
Hyperliquid is drawing fresh attention from institutional crypto investors after Grayscale said the decentralised trading platform could evolve into a major financial services business as blockchain-based markets push deeper into derivatives, spot trading and real-world asset exposure. The digital asset manager’s assessment places Hyperliquid among the most closely watched platforms in decentralised finance, citing its growth in perpetual futures, expanding product range and token-linked economics as signs […]
Cash App has opened USDC payments to eligible customers, giving one of America’s largest consumer finance apps a stablecoin payments rail while keeping Bitcoin at the centre of its digital assets strategy. The Block-owned platform now allows users to send and receive USD Coin without managing a separate stablecoin wallet. USDC sent into Cash App is converted automatically into US dollars, while outgoing payments can be made […]
Several Americans were injured and two MQ-9 Reaper drones were badly damaged after an Iranian ballistic missile aimed at Kuwait’s Ali Al Salem Air Base was intercepted by Kuwaiti air defences, sharpening doubts over a fragile US-Iran ceasefire as President Donald Trump weighs whether to extend the truce. The Fateh-110 missile was brought down before reaching its target, but falling debris struck the air base, causing minor […]
Bitcoin, ether, XRP and dogecoin lost ground as Wall Street’s strongest winning run in more than two years drew capital towards equities, leaving the largest digital assets struggling to benefit from improved risk appetite across global markets. The divergence sharpened after the S&P 500 completed a ninth consecutive weekly advance, its longest winning streak since 2023, while Brent crude stabilised near $92 a barrel on hopes that […]
Washington faces a narrowing window to pass the CLARITY Act, with Senator Cynthia Lummis warning that failure to move the digital asset market structure bill through Congress this session could leave the country without comprehensive crypto rules until 2030. The warning has sharpened pressure on lawmakers, regulators and industry groups after years of legal uncertainty over whether many digital tokens should be treated as securities, commodities, payment […]
Kuwait’s air defence systems intercepted hostile missile and drone threats aimed at its airspace early on Thursday, the Kuwaiti Army’s General Staff said, as the Gulf state moved to contain security risks from widening regional military tensions. The military said its systems were responding to a wave of missiles and unmanned aerial vehicles attempting to penetrate the country’s airspace. It did not identify the source of the […]
TAGAYTAY CITY, PHILIPPINES – Media OutReach Newswire – 29 May 2026 – Southeast Asia has made its mark on the global speed cubing stage.
In a moment that electrified the international speed cubing community, Filipino prodigy Crimson Arradaza shattered the 3x3x3 One-Handed World Record with a blistering 5.33-second solve at the inaugural Philippine National Speed Cubing Open, organised by the Asian Mind Sports Association (AMSA) and the Philippine Olympic Committee (POC).
Held from 27–28 May at the Tagaytay City Combat Arena, the tournament was the first major nationally-backed speed cubing event under the Philippine Olympic movement — and immediately, it made history.
Arradaza’s stunning performance broke the previous 5.66-second record set by Switzerland’s Dhruva Sai Meruva in 2024. More significantly, it pushed the boundaries of what many believed possible in one-handed solving, placing the Philippines in the spotlight of global mind sports. It is an extraordinary achievement for the rising speed cubing powerhouse.
“I have been speed cubing for the past four years and this is the best birthday gift for myself,” said Arradaza, who turned 15 the day before.
The teenager from Baguio City travelled eight hours to compete in Tagaytay, accompanied by his parents — a powerful reminder of the sacrifices and support behind every young champion.
“This is not just a Philippine achievement. This is an Asian achievement,” said AMSA Director-General Jim Yu. “The future of mind sports belongs to the younger generation, and today the Philippines showed the world what Southeast Asian talent is capable of.”
POC President Abraham “Bambol” Tolentino and Tagaytay City Mayor Ross Tolentino were also present to witness the historic achievement.
“Sports is not only about physical strength. It is also about mental sharpness, discipline, and focus,” said POC President Tolentino. “Filipinos are naturally talented in mind sports, and this world record proves we can compete with the very best globally.”
Beyond competition, the two-day event featured referee training programmes, operational workshops, and development dialogues aimed at strengthening the speed cubing ecosystem.
AMSA reaffirmed its commitment to developing mind sports across Asia through partnerships with National Olympic Committees, federations, and local organisers.
The organisation plans to continue growing regional competitions, talent pathways, livestream infrastructure, referee systems, youth engagement programmes, and international exchanges to elevate mind sports to unprecedented mainstream recognition across Asia.
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