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6/25
07:41
Svmuu News: Following Micron’s release of optimistic financial results and Qualcomm’s positive earnings outlook, sentiment in the tech sector has clearly improved, driving a rebound in market risk appetite and easing previous concerns about a cooling in AI-related trading. Bitcoin Driven by this, the price rebounded after hitting a 20-month low, rising 0.3% to $61,106, having earlier dipped to $59,062 during the session.Market attention has now shifted to the upcoming U.S. PCE inflation data, which may influence expectations for the Federal Reserve’s future interest rate policy and further shape the performance of risk assets.
07:38
Svmuu News: Amid the “tech bull market” in the A-share market, capital is accelerating its flow into the AI industry chain, leading to a marked divergence within the private equity sector. Some institutions with heavy exposure to AI and computing power have outperformed, while discretionary private equity firms that failed to keep pace with the market are facing declines in net asset value and shrinking assets under management. Data shows that Yunzhou Capital, a discretionary private equity firm that once managed assets worth 10 billion yuan, has seen its assets under management drop below 5 billion yuan. Previously, long-established 10-billion-yuan private equity firms such as Banxia Investment and Tongben Investment also experienced declines in their asset sizes. Li Bei, founder of Banxia Investment, responded to the drawdowns in her funds by stating that she is unwilling to blindly follow the AI trend, believing that the conditions for an AI bubble to burst have already emerged. Industry observers believe that whether or not a fund can keep pace with the AI industry chain has become the key factor distinguishing the performance of discretionary private equity funds. (Caixin)
07:37
Svmuu News: According to a post by “On-Chain Detective” ZachXBT on his personal channel, Polish social engineering attacker Wojtek Kulisz (online alias “Merry”) was reportedly raided and investigated by Polish law enforcement recently, along with three other individuals who were taken into custody. Although official press releases did not disclose his name or photograph, several pieces of designer clothing and jewelry displayed on his public Instagram account, “wojtekk,” closely match the items seized during the police operation. The case is being led by Poland’s Central Bureau for Combating Cybercrime (CBZC), with assistance from agencies such as the FBI and HSI.
07:37
Svmuu News Bitcoin As the price continues to weaken ahead of the expiration of $10 billion in options—trading well below the much-discussed “Max Pain” price of $72,000—doubts about the validity of this theory are once again intensifying.The “Max Pain Theory” posits that option sellers may manipulate the market to push the underlying asset’s price toward the Max Pain level, causing option buyers to incur maximum losses at expiration and thereby maximizing the sellers’ profits.This theory previously garnered market attention when Bitcoin approached the relevant price range ahead of certain monthly and quarterly option expiries. However, Bitcoin has recently fallen from approximately $67,000 to below $60,000—a trend that has not converged toward $72,000 but has instead diverged from the theory’s predictions.Jasper De Maere, an over-the-counter trader at Wintermute, noted that despite the massive scale of this options expiration, the market has not exhibited any significant price anchoring recently.
However, the market remains vigilant regarding the volatility risks associated with this options expiration. Deribit previously stated that the June quarterly options expiration is one of the larger liquidity events of the year, and the expiration or rollover of a large number of contracts to subsequent cycles could lead to increased short-term market volatility. (CoinDesk)
07:30
1. Analyst: Micron’s earnings boost overall market sentiment in the tech sector;
2. SBI Group acquires Bitbank for $289 million;
3. Countdown to SK Hynix’s U.S. IPO: $30 billion fundraising may trigger a valuation reassessment;
4. The top three companies on the Hurun Global Unicorn List are all investing in large language models;
5. Jefferies: Samsung is likely to follow SK Hynix’s lead and list in the U.S. via ADRs;
6. The “October 11 insider whale” has incurred floating losses of over $18.55 million on BTC long positions, with the liquidation price currently reported at $16,964;
7. A newly created wallet withdrew 17,675 ETH, worth $28.58 million, from Binance;
8. Stock markets in Japan and South Korea closed higher across the board, with the Japanese market hitting a new closing high;
9. Micron Technology (MU.O) surged 18% in U.S. pre-market trading, with several major banks raising their price targets;
10. Reaching a historic high, Bitcoin long-term holding addresses now hold 79% of the circulating supply.
07:13
Svmuu News: On-chain data shows that Bitmine BMNR, owned by Tom Lee, has just purchased an additional 35,138 ETH, worth $58.65 million.
07:12
Svmuu News: TD COWEN raised its price target for Micron (Technology, MU.US) from $1,500 to $1,600.
07:12
Svmuu News BlackRock has just deposited 2,400 BTC, worth approximately $147.6 million, into Coinbase, and may continue to transfer more to Bitcoin.
06:47
Svmuu News: Morgan Stanley: Upgraded Qualcomm (QCOM.O) from “Underweight” to “Neutral” and raised the price target from $146.00 to $231.00. (Jin Shi)
06:38
Svmuu News: U.S. Secretary of State Rubio said on the 25th in Manama, the capital of Bahrain, that the United States hopes to reach an agreement with Iran, but will not do so at any cost. Rubio made these remarks while attending a ministerial meeting between the Gulf Cooperation Council (GCC) and the United States. He said the U.S. seeks to engage in constructive dialogue with Iran and reach a final agreement, but will not do so at any cost. He also stated that no country has the right to impose tolls in the Strait of Hormuz. Rubio has been visiting the United Arab Emirates, Kuwait, and Bahrain since the 23rd. All three countries host U.S. military bases. (Xinhua News Agency)
06:37
Svmuu News: Prediction market platform Kalshi is in talks to raise a new round of funding at a valuation of approximately $40 billion, with the deal potentially closing as early as the third quarter. Kalshi just completed a $1 billion funding round last month, with investors including Sequoia Capital, Andreessen Horowitz, Coatue, and Morgan Stanley, at a valuation of $22 billion at the time.
Kalshi CEO Tarek Mansour said the company is considering an IPO but will not go public in 2026; the listing is not expected to occur until at least late 2027 or 2028. Kalshi reported that as of April 2026, its annualized trading volume reached $178 billion, a 32-fold increase year-over-year.
Kalshi is currently embroiled in a legal dispute with U.S. state and federal regulators over jurisdiction in the futures market; the dispute centers on whether sports event contracts constitute derivatives regulated by the CFTC or illegal gambling. CME has sued the CFTC over its approval of Kalshi’s “perpetual” futures, while Kentucky filed a lawsuit against Kalshi and Polymarket this month, prompting the CFTC to subsequently sue Kentucky to block its enforcement action. (Decrypt)
06:35
Svmuu News: Bitcoin has fallen to approximately $59,100, pushing 10.83 million BTC into a loss—a record high that exceeds the peak reached during the previous bear market bottom.
Long-term holders currently hold a record 14.8 million BTC, more than one-third of which are in the red.
06:34
Svmuu News: According to MSX data, SpaceX (SPCX.O) extended its pre-market gains to 2.73% and is currently trading at $158.
06:17
Svmuu News: According to data from MSX.COM, storage-related stocks in U.S. pre-market trading showed mixed performance, with MRVL up 4.86%, MU surged 16.68%, AVGO rose 1.98%, ANET gained 3.26%, and AMD climbed 3.77%.
It is reported that MSX is a leading RWA trading platform that has listed hundreds of RWA tokens to date, covering popular U.S. stocks and ETF tokens such as NVDA, GOOGL, MSFT, AMZN, META, TSM, and AMD.
06:11
Svmuu News: According to MSX data, IBM (IBM.N) rose 4.5% in premarket trading on the U.S. stock market. This follows the company’s launch of the world’s first sub-1-nanometer chip technology. Compared to its 2-nanometer process chips, the new chip design offers up to a 50% increase in performance and a 70% improvement in energy efficiency.
05:49
Svmuu News: Daniela Hathorn, Senior Market Analyst at Capital.com, said: ““As earnings reports from Micron once again confirmed that the AI investment cycle remains robust, U.S. stocks have recouped some of their losses. This has boosted market sentiment across the entire semiconductor sector—where high-growth stocks had previously underperformed—suggesting that investors remain willing to overlook short-term volatility as long as earnings prospects continue to support high valuations.” (Jin Shi)
05:42
Svmuu News: Wells Fargo raised its price target for Goldman Sachs from $1,000 to $1,195 and maintained its “Overweight” rating.
05:42
Svmuu News Circle and Japanese financial institution Nomura plan to launch a stablecoin settlement service for businesses in Japan, with the goal of going live as early as 2027. The service will enable businesses to use stablecoins for instant foreign exchange and cross-border payments.
05:26
Svmuu News: According to official announcements, Gate is launching the “USD1 Yield Acceleration Season” event from 16:00 on June 25 to 16:00 on July 9 (UTC+8). During the event, users who exchange for USD1 via Flash Swap will not only be eligible for USD1 holding rewards but also for new-user-exclusive benefits, position-based rewards, and leaderboard rewards. New Flash Swap users who accumulate USD1 purchases will have the chance to share in a 10,000 USD1 prize pool; Users who purchase USD1 via Flash Swap and achieve a net increase in their holdings can earn up to 500 USD1. Additionally, users can participate in the trading leaderboard, which features a total prize pool of 50,000 USD1, with the top spot eligible to claim a maximum reward of 2,000 USD1.
Furthermore, Gate is launching a daily Flash Swap Check-in Challenge from June 25 at 16:00 to July 9 at 16:00 (UTC+8), with a total prize pool of 300,000 USDT. During the event period, new users who have never conducted a flash swap transaction before can claim a 20 USDT reward by completing ≥50 USDT in flash swap transactions each day; All users who complete a flash swap transaction of ≥100 USDT per day can claim a 20 USDT base reward; those who complete a flash swap transaction of ≥300 USDT per day can also claim an additional 100 USDT advanced reward. With all three tasks active simultaneously, users can earn up to 140 USDT in rewards per day.
05:15
Svmuu News: According to Gate data, WTI crude oil futures have fallen 2.00% intraday and are currently trading at $68.93 per barrel.

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