Huawei's Chip Revival and US-Iran Tensions Shake Global Markets

Huawei's Mate XT 2 Ultimate Edition smartphone features a new trifold design and is powered by the Kirin 9050 Pro chip, marking Huawei's return to high-performance Kirin chips after six years.

The chip is part of Huawei's self-developed silicon, which signals the company's restoration of a complete technological stack in the premium smartphone market.

Meanwhile, US-Iran tensions escalated with attacks on tankers in the Strait of Hormuz, causing oil prices to surge and driving Bitcoin prices down nearly 1%.

The US SEC is also advancing a new regulatory framework for crypto assets, including offering exemptions, as part of its shift from enforcement to rulemaking.