Odaily Odaily News: Morningstar analyst Jing Jie Yu stated that market uncertainty over the potential capital expenditure (CapEx) of Samsung Electronics and SK Hynix may be weighing on their stock prices. He pointed out that the combined CapEx of these two companies over the next decade could reach approximately 2,000 trillion won, nearly double Morningstar's current forecast. This may include SK Hynix's plan to invest in AI data centers, with its committed investment for the Yongin wafer cluster already expected to reach 600 trillion won.
The analyst noted that if SK Hynix's commitment to investing in AI data centers and its potential capital expenditure plan are two separate investments, memory chip makers would face a significant risk of oversupply, as market demand typically slows when the CapEx cycle enters its final stages. (Jin Shi)
Odaily reported that Hong Kong stocks' pharmaceutical innovation sector showed strong performance, with several biotech targets leading the gains. According to data from the Gate platform, the top three gainers in Hong Kong stocks today are YUEJIEAN (+41.75%), Kanghua Medical (+38.15%), and Excellence Group (+21.42%). Among them, YUEJIEAN surged over 40% in a single day, reflecting continued market capital interest in the pharmaceutical innovation sector.
Currently, Gate Stock has established a 7×24 hour trading service system covering three core markets: US stocks, Hong Kong stocks, and Korean stocks. It supports trading for over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, and over 1,000 Korean stocks, collectively covering over 12,500 global stocks and ETF assets.
Odaily reports that USDT supply is tightening in India, with the local stablecoin premium rising above 8.5%, up from the usual 3% to 4%. On Saturday, USDT was quoted at 102.88 Indian rupees, compared to the USD/INR closing rate of 94.65 on Friday.
According to the report, the decline in USDT inflows and concerns over further slowdown stem from the Enforcement Directorate's crackdown on a 250-billion Indian rupee transfer of funds via virtual digital assets. Purushottam Anand, founder of Crypto Legal, stated that the recent price increase may partly reflect a risk premium driven by regulatory uncertainty. (economictimes)
Odaily reports that RBC has raised its 12-month target for the S&P 500 index from 7,900 to 8,150. (Jinshi)
Odaily reported that TRONSCAN data shows the total number of accounts on the TRON blockchain has reached 390,243,569, officially exceeding 390 million. The total account count refers to the total number of activated account addresses on the TRON network. As of now, the total number of transactions on the TRON blockchain has surpassed 14.5 billion, the Total Value Locked (TVL) exceeds 25.4 billion USD, and the total market capitalization of stablecoins on the chain is over 90.4 billion USD.
At the same time, TRON's official brand mascot, "BONIU," completed a comprehensive upgrade on June 23.
Odaily Odaily reports that Miller Tabak strategist Matt Maley and 22V Research technical strategist John Roque believe Bitcoin is at a key technical indicator level.
Matt Maley stated that if Bitcoin declines further from its current level of around $60,000, it could amplify negative investor sentiment. Although Wall Street firms continue to invest in digital assets, retail investors, who have historically been the main force driving cryptocurrency rallies, have shifted their focus to high-growth AI and tech stocks. Recent significant outflows from Bitcoin ETFs indicate waning investor enthusiasm. Cryptocurrencies are also showing signs of decoupling from the stock market.
John Roque noted that Bitcoin is retesting its first downside target of $60,000. If it breaks below this level, it implies a potential drop to $400,000. Matt Maley added that Congress might pass a crypto structure bill with clearer rules, which would reduce uncertainty and encourage institutional participation in the long run. Furthermore, Bitcoin ETFs experienced their largest monthly outflow since 2024 recently. (CNBC)
Odaily Odaily According to SoSoValue data, during last week's trading days (June 22 to June 26 Eastern Time), HYPE spot ETFs recorded net inflows of $111 million.
The HYPE spot ETF with the highest net inflows last week was Grayscale's ETF HYPG, with weekly net inflows of $114 million. HYPG's total historical net inflows now stand at $123 million.
The HYPE spot ETF with the highest net outflows last week was 21Shares ETF THYP, with weekly net outflows of $1.4604 million. THYP's total historical net inflows currently amount to $60.01 million.
As of press time, the total net asset value of HYPE spot ETFs is $324 million, with an ETF net asset ratio (market value as a percentage of HYPE's total market cap) of 2.28%. Historical cumulative net inflows have reached $294 million.
According to SoSoValue data, during last week's trading days (June 22 to June 26, Eastern Time), the XRP spot ETF recorded a net inflow of $22.99 million.
The XRP spot ETF with the largest net inflow last week was the Bitwise ETF XRP, with a weekly net inflow of $16.97 million. The total historical net inflow for XRP now stands at $493 million. This was followed by the Franklin Templeton ETF XRPZ, which saw a weekly net inflow of $3.97 million, bringing its total historical net inflow to $410 million.
As of press time, the total net asset value of XRP spot ETFs is $934 million, with an ETF net asset ratio (market cap relative to XRP's total market cap) of 1.44%. The cumulative historical net inflow has reached $1.47 billion.
According to SoSoValue data, during last week's trading days (June 22 to June 26, Eastern Time), spot Ethereum ETFs recorded net outflows of $273 million.
The spot Ethereum ETF with the largest net outflow last week was Blackrock's ETF ETHA, with weekly net outflows of $236 million. ETHA's total historical net inflows currently stand at $11.08 billion. This was followed by Grayscale's Ethereum Mini Trust ETH, with weekly net outflows of $22.2239 million, bringing its total historical net inflows to $1.83 billion.
The spot Ethereum ETF with the largest net inflow last week was Bitwise's ETF ETHW, with weekly net inflows of $557,000. ETHW's total historical net inflows have now reached $385 million.
As of press time, the total net asset value of spot Ethereum ETFs stands at $8.38 billion, with an ETF net asset ratio (market cap as a percentage of Ethereum's total market cap) of 4.42%. Total historical cumulative net inflows have reached $10.90 billion.
According to SoSoValue data, during last week's trading days (June 22 to June 26, Eastern Time), Bitcoin spot ETFs experienced net outflows of $1.79 billion.
The Bitcoin spot ETF with the largest net outflows last week was Blackrock's ETF IBIT, with a weekly net outflow of $1.303 billion. IBIT's total historical net inflows currently stand at $60.77 billion. Next was Fidelity's ETF FBTC, with a weekly net outflow of $315 million, bringing FBTC's total historical net inflows to $10.14 billion.
The Bitcoin spot ETF with the largest net inflows last week was Grayscale's Bitcoin Mini Trust BTC, with a weekly net inflow of $71.701 million. BTC's total historical net inflows currently amount to $2.38 billion.
As of press time, the total net asset value of Bitcoin spot ETFs stands at $72.82 billion, with the ETF net asset ratio (market value as a percentage of total Bitcoin market cap) reaching 6.08%. Historical cumulative net inflows have now reached $51.61 billion.
Odaily Planet Daily reported that Nomura Securities stated Han's Laser Technology Industry Group and Hegeng Silicon Industry are both relatively new entrants to the fiber optic market. The firm believes their recent investment projects reflect strong demand for optical fiber, primarily driven by infrastructure construction for AI data centers. Meanwhile, the bank noted that the preform sector has high technical barriers and is currently dominated by existing players such as Corning (GLW.N), Fujikura, and Yangtze Optical Fibre and Cable (06869.HK).
In the short term, Nomura believes supply constraints will persist, and Yangtze Optical can continue to benefit from higher spot prices and margin expansion due to its greater involvement in the AI data center market. However, if new entrants successfully develop high-end products (i.e., hollow-core and multi-core fibers) and smoothly execute their capacity expansion plans, the bank believes market competition will intensify, and existing players like Yangtze Optical may face pressure on margin expansion. The firm maintains a Buy rating on Yangtze Optical Fibre and Cable (06869.HK), with a target price of HKD 266, based on a forward P/E of 23.7 times its forecasted earnings per share of RMB 9.75 for the fiscal year 2027. (Jin Shi)
Odaily Planet Daily News Bank of America Securities stated in a report that Micron has once again delivered strong quarterly results, reinforcing its constructive view on the role of memory in AI, as well as the increasing supply-side discipline supporting a more durable cycle. Strategic customer agreements have now reached 16, which may moderately limit short-term pricing upside, but by aligning with customers facing rising memory costs—accounting for approximately 35% of AI capital expenditure—it enhances visibility and reduces volatility.
Bank of America Securities reiterates a "Buy" rating on Micron, raising its future annual earnings per share forecast by 4% to 7%, and based on a sum-of-the-parts valuation method, lifting the price target from $1,500 to $1,550.
Odaily Odaily: Robinhood's prediction market platform is growing rapidly. Chief Brokerage Officer Steven Quirk stated that the company's annualized revenue run rate has reached $500 million. In the second quarter through June 25, the volume of Robinhood event contracts reached approximately 12.3 billion. Based on a standard fee of $0.01 per contract, the prediction market revenue for the quarter is estimated to be at least $1.23 million. Additionally, its recently launched Rothera prediction market platform achieved over 900 million transactions in its first week, contributing to nearly 60% of the growth in Robinhood's event contract volume.
Meanwhile, due to weak institutional trading volumes, cryptocurrency trading volume has declined. Cryptocurrency revenue in the second quarter is expected to be below $134 million. Prediction market revenue is poised to surpass cryptocurrency revenue as soon as this quarter, becoming a higher-growth revenue source. (artemis)
Odaily Planet Daily reported that 23pds, Chief Information Security Officer of SlowMist, posted on X, stating that Curl has fixed 18 security vulnerabilities involving authentication bypass, memory safety, and host verification issues. One of the libcurl vulnerabilities has existed for approximately 25 years. The risks affect a wide range of applications, SDKs, containers, firmware, gateways, and CI/CD environments that rely on libcurl. It is recommended to upgrade curl/libcurl as soon as possible and check for the use of outdated libcurl versions, with particular attention to mTLS, proxy authentication, and connection reuse scenarios.
Odaily reported that, according to Lookonchain monitoring, the ANSEM token deployer "yHCxHB" spent $6,300 to deploy ANSEM and purchased 792.45 million ANSEM. Subsequently, they transferred 650 million ANSEM to @blknoiz06 and sold the remaining 142.45 million ANSEM for $11,800, ultimately netting a profit of only $5,500.
