Odaily Planet Daily reports that Federal Reserve Chairman Kevin Warsh has appointed two senior economists as advisors: Daniel Covitz, Deputy Director of the Federal Reserve Bureau of Research and Statistics, and Eric Engstrom, Assistant Director of the Bureau of Monetary Affairs. Covitz's current research topics at the Fed include asset bubbles and the stability of short-term credit markets. According to the Fed's website, Engstrom's work includes studying the co-movement of stocks and bonds, as well as corporate profits and entrepreneurial activity. (WSJ)

According to market sources, SK Hynix plans to issue depositary receipts at $166 per share on the Nasdaq Global Select Market, raising approximately $29.4 billion. Analysts believe that US investors are getting a bargain at this price, and the stock price is expected to rise by 20%, narrowing the valuation gap with competitor Micron Technology.

According to Iran's Press TV, the United States and Iran have established a communication channel in the Strait of Hormuz. (Jinshi)

Odaily Planet Daily reports that the Thai government has issued a formal arrest warrant for Chinese businessman Wang Yicheng, accusing him of colluding with a transnational criminal group to launder billions of dollars for transnational internet fraud and online gambling syndicates through illegal cryptocurrency mining. Reuters, citing an investigation by blockchain analytics firm TRM Labs, indicates that Wang's cryptocurrency wallet received at least $9.1 million (approximately HK$71.35 million) between 2021 and 2022, all of which were linked to "pig butchering" scams. The Thai Special Investigation Bureau issued a statement saying that US law enforcement has confirmed Wang's involvement in a digital asset fraud case. The US had previously traced stolen funds from a victim in Massachusetts to an account registered in Wang's name and seized approximately $500,000 in cryptocurrency. (Lianhe Zaobao)