TSMC ADR (U.S. stock ticker: TSM) surged more than 5% yesterday, closing at a record high of $387.44. Using a new Taiwan dollar exchange rate of 31.49, the implied price for Taiwan stock 2330 should be 2,440 yuan. As capital expenditures continue to expand, TSMC will delay the introduction of ASML High-NA EUV equipment. The R&D team has successfully unlocked additional potential on top of existing equipment and continues to advance the process roadmap. TSM sets a new record high as foreign investors widely raise target prices Recently, TSMC has benefited from the rapid growth in the AI chip application market, with its ADR share price hitting a new high. Several foreign brokerage firms also raised their target prices based on their financial forecasts. Among them, Barclays raised its target price from $450 to $470. TSMC ADR closed yesterday at a record high of $387.44

The S&P and the Nasdaq hit fresh highs again yesterday, boosted by the extension of the U.S.-Iran ceasefire and upbeat earnings reports. Crypto prices moved higher in tandem; BTC briefly surged to $79,472 and ETH rose above $2,400, with a 24-hour gain of 3.04%. Bitcoin saw large liquidations totaling $421 million; if it can hold the 78.1K real value, it may be poised to break above 80K, showing bullish momentum.

Legal & General Asset Management（L&G AM）announced that it has successfully moved more than £50 billion of its liquidity funds on-chain through a tokenized distribution network built with Calastone, supporting T+0 settlement and multi-currency pricing. This deployment is based on Ethereum, and it plans to expand to more blockchains in the future while ensuring compliance with the regulatory framework.

Bitcoin continues to rise, reaching $74,630. Tether uses its profits to buy 951 bitcoins. Virginia passes an unclaimed property law, requiring idle cryptocurrency to be transferred to the state government. U.S. stocks are driven by tech stocks, and the S&P 500 index hits a new high. Crypto market dynamics show that investors are paying attention to geopolitical conditions and U.S. monetary policy.

Benefiting from positive news about the U.S.-Iran peace agreement, the stock market surged sharply, with the Nasdaq index and the S&P 500 index reaching record highs. Bitcoin remained steady at 74K, market sentiment improved, and the Fear & Greed Index rose to 55. Investor FOMO toward the stock market intensified, and the total market capitalization in the crypto market increased overall, indicating genuine buy-side interest.

The U.S. Big and Beautiful America Act will permanently allow full deductions of R&D spending, encouraging corporate investment and a productivity revolution, and is expected to significantly increase wages and GDP. For Taiwan’s supply chain, this is not only a challenge but also a once-in-a-millennium opportunity—especially in the semiconductor and software industries. Taiwan’s companies should seize this opportunity to transform and partner with U.S. high-tech companies to strengthen competitiveness.

Anthropic is acquiring biotech startup Coefficient Bio for $400 million, a company focused on using artificial intelligence to optimize new drug discovery. Coefficient Bio’s team is made up of industry-experienced experts who improve drug R&D efficiency to shorten the time from experiments to clinical applications. Anthropic’s acquisition goal is to strengthen its technical footprint in the healthcare and life sciences sectors, despite regulatory challenges in the U.S. market.

Due to market expectations that the United States and Iran will reach an agreement, the S&P 500 index has rebounded to its highest level since the war, and Bitcoin has also surged to $74,900. Despite the failure of peace talks between the U.S. and Iran, the U.S. has imposed a maritime blockade to pressure Iran. MicroStrategy once again made a large-scale purchase of Bitcoin, indicating that investor confidence is picking up.

With Taiwan’s Virtual Assets Service Act (expected to take effect in 2026), financial holding groups are accelerating their transformation and launching M&A competitions to find virtual asset service providers (VASPs) to strengthen their market positioning. Financial institutions such as Fubon and the Federal Bank have demonstrated and are actively evaluating M&A opportunities. Emerging platforms like HOYA BIT show strong potential, and future collaboration will promote deep integration between the financial and crypto industries.

Israeli Prime Minister Benjamin Netanyahu agrees to hold direct negotiations with Lebanon. This news boosts gains in the U.S. stock market’s S&P 500, while oil prices fall. Bitcoin’s price briefly rose to 73K; market sentiment improved slightly, but overall it has not fully rebounded. Trump urged Iran to stop its attacks to facilitate negotiations, but shipping through the strait has not improved yet.