24/7 Blockchain industry dynamics and breaking crypto news
US storage stocks rebounded pre-market on June 24 after a broad sell-off, with Micron Technology leading gains over 3%. Market attention centers on Micron's post-market earnings report, a key indicator for assessing whether AI infrastructure demand remains strong enough to sustain the sector's rally this year.
Read MoreEthereum spot ETFs have recorded net outflows for four consecutive days, with a single-day outflow exceeding $82 million on June 23. Total net assets now stand around $9 billion. While Fidelity's ETF saw modest inflows, BlackRock's product led the outflows, indicating shifting investor sentiment toward near-term caution.
Read MoreSK Hynix plans to raise up to 45 trillion won ($29 billion) through an ADR listing, marking its largest-ever fundraising and a strategic move to solidify its global semiconductor leadership.
Read MoreNingquan Asset warns in a recent report that many popular A-share stocks face extreme overvaluation, with potential future declines of 80-90%. It highlights that rising quant trading and rapid information flow could accelerate a market downturn, which may be triggered by excessive valuations alone.
Read MoreChina's Financial Law draft has been submitted for its first review, marking a new era of comprehensive financial regulation. It brings all financial activities under oversight, strictly prohibits illegal operations, and sets clear rules for products, trading venues, illicit gains, and overseas activities to safeguard financial security and market order.
Read MoreThailand's central bank held its policy rate at 1.00%, as expected, while carefully weighing lingering risks from Middle East tensions, domestic inflation, tourism challenges, and global trade uncertainty. The bank signaled a dovish stance to support the fragile economic recovery.
Read MoreThe Smart Allocator mechanism of the decentralized stablecoin USDD has generated over $20 million in cumulative returns for users. This transparent, on-chain revenue-sharing model allocates funds to quality projects and distributes profits back, highlighting innovation in DeFi yield generation.
Read MoreSharp declines in Samsung and SK Hynix stocks have severely impacted related 2x leveraged ETFs. While these funds can amplify gains in trending markets, they quickly lose value during volatility, making them suitable only for short-term tactical plays, highlighting their high-risk nature.
Read MoreMarket observer Serenity suggests investors can gain exposure to high-growth private optical chip companies by focusing on key publicly-traded suppliers within the ecosystem. The analysis maps out critical players across photonic integration, signal processing, and manufacturing.
Read MoreOn June 24th, Asia's two major stock markets diverged sharply. South Korea's KOSPI index surged 3.71% after a volatile session, driven by gains in Samsung Electronics. In contrast, Japan's Nikkei 225 fell 0.88%, highlighting differing market dynamics.
Read MoreA CryptoQuant founder argues that aggressive Bitcoin purchases are absorbing liquidity rather than boosting prices, potentially delaying a necessary market reset. He recommends halting buys until cash reserves recover and establishing systematic frameworks for both buying and selling as risk management.
Read MoreWhile Bitcoin trades sideways, mining stocks are surging. The reason? A structural shift: miners are transforming into AI data center operators. Their long-term power contracts and computing infrastructure are now being valued through an AI lens, creating a new growth narrative beyond the crypto cycle.
Read MoreAltura temporarily suspended AVLT redemption, clarifying it's not due to security issues. The platform is liquidating approximately $35 million in assets, including completed market-making exits and ongoing collateral loan unwinding. The largest position will be transferred via J.P. Morgan in batches, with redemption resuming after full asset recovery and verification.
Read MoreHypersurface has acquired bitcoin vault infrastructure provider Acre and plans to combine technologies to launch HSBPI, an on-chain managed bitcoin strategy vault focused on volatility trading, managed by Monarq Asset Management.
Read MoreArthur Hayes' family office Maelstrom has set a $4 target price for the CARDS token. The report highlights how Collector Crypt is reshaping the physical card trading market with low fees, instant settlement, and on-chain liquidity, showcasing significant profit growth.
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