24H Hot Coins & Headlines｜Micron Earnings Beat Expectations; BTC Briefly Fell Below $60,000 Overnight (June 25)
- Core View: The overall market is under pressure, with popular coins on CEX generally declining. However, Micron Technology's better-than-expected earnings report and SK Hynix's massive IPO highlight surging demand for AI computing power, serving as a structural bright spot. Meanwhile, Trump family's crypto venture faces scrutiny over UAE investment, and the value of the Ethereum Foundation's holdings has fallen to a nearly 6-year low.
- Key Elements:
- Popular 24-hour coins on CEX mostly declined, with BTC and ETH both falling over 2.5%. Only a few tokens like NES and ID bucked the trend with gains exceeding 17%, indicating weak market sentiment.
- Micron Technology reported Q3 FY2026 revenue of $414.56 billion, significantly exceeding market expectations of $354.23 billion, with Q4 guidance also above estimates, showcasing enduring strong demand for AI memory chips.
- SK Hynix plans to raise approximately $29.4 billion through a Nasdaq IPO, underwritten by investment banks including Bank of America and Citigroup, aiming to narrow its valuation gap with Micron and Samsung, highlighting accelerated capital expansion by HBM manufacturers.
- Trump family crypto venture WLFI faces scrutiny from US senators over a $500 million investment from the UAE, involving transactions before the presidential inauguration and subsequent authorization for arms sales, raising questions about conflicts of interest between politics and business.
- The value of Ethereum Foundation's ETH holdings has dropped to approximately $209 million, hitting a nearly 6-year low, reflecting its continued reduction or transfer of assets amid market volatility.
1. Popular Tokens on CEX
CEX Top 10 Trading Volume & 24h Change:
- BTC: - 2.87%
- ETH: - 2.75%
- SOL: - 2.63%
- XRP: - 3.11%
- ZEC: - 0.25%
- BNB: - 2.52%
- WLD: -3.67%
- DOGE: - 3.58%
- TRX: - 0.55%
- ADA: - 2.63%
24h Gainers (Data from OKX):
- NES: + 174.1%
- ID: + 17.43%
- AAVE: + 10.48%
- LIT: + 10.35%
- GRASS: + 9.38%
- CELO: + 8.89%
- SWFTC: + 7.62%
- JUP: + 6.59%
- MASK: +6.09%
- SRC: +5.83%
24h Crypto Equity Gainers (Data from msx.com):
- MUU: 30.56%
- KORU: 29.83%
- BNC: 18.06%
- SNXX: 17.25%
- WDCX: 16.41%
- DRAM: 15.79%
- MU: 15.42%
- COHX: 14.44%
- SOXL: 14.18%
- SEGG: 13.05%
2. Trending Memes On-Chain (Data from GMGN):
- MAME
Headlines
Micron Technology Reports Q3 FY2026 Revenue of $41.456 Billion, Beating Estimates of $35.423 Billion
Odaily Planet Daily News Micron Technology (MU.O) reported Q3 FY2026 revenue of $41.456 billion, surpassing market expectations of $35.423 billion, compared to $9.301 billion in the same period last year. (Jin Shi)
Micron Technology Forecasts Q4 Revenue of $50 Billion, Above $42.915 Billion Estimate
Odaily Planet Daily News Micron Technology (MU.O) provided a Q4 fiscal quarter revenue outlook of $50 billion, exceeding the market estimate of $42.915 billion. The company expects Q4 adjusted gross margin to be approximately 86%, up from the prior estimate of 83.6%. (Jin Shi)
SK Hynix Aims to Raise Over $29 Billion Through Nasdaq Listing
Odaily Planet Daily News SK Hynix plans to raise 45.45 trillion Korean won (approximately $29.4 billion) by issuing depositary receipts on the Nasdaq exchange. The company stated in a Wednesday announcement that trading is expected to begin on July 10. Samsung Electronics, Micron Technology, and SK Hynix, the three major HBM manufacturers, are at a critical juncture in the global AI buildout, with their products forming a key bottleneck for data center expansion.
According to Counterpoint Research data, SK Hynix held a 57% global market share by revenue in Q4 2025. However, the company's valuation is relatively lower compared to Micron and Samsung Electronics. Robust demand for memory chips has driven a surge in these stocks, with SK Hynix's Korean shares up over 300% year-to-date. Listing in the US will allow the company to tap into a new investor base and could help narrow the valuation gap with its competitors. The offering is led by Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase.
STRC Drops Below $82, Hits All-Time Low
Odaily Planet Daily News On June 25, STRC, the preferred stock issued by Strategy, fell below $82, currently trading at $81.83, hitting an all-time low with a decline of 6.3%.
Industry News
Rising Expectations for TSMC Advanced Process Price Hikes, TSM Bounces Off On-Chain Long Cost Basis
Odaily Planet Daily News According to Hyperinsight monitoring, TSMC is reportedly planning to increase advanced process foundry prices by 5% to 10% during its large-scale capacity expansion and disclosed the latest progress on AI chips. Susquehanna also raised its TSMC price target to $575 today, boosting TSM stock. TSM contracts on the Hyperliquid platform are currently trading at $446, up 1.2% in 12 hours.
TSM briefly fell back near the on-chain average long entry cost line of $437.50 yesterday before rebounding from the bottom, recovering above the cost line, bringing most long positions back into profitable territory.
The largest on-chain TSM short whale holds a 3x leveraged short position of approximately $1.13 million, with an average entry price of $414.28. The current mark price is about 7.7% above the whale's cost line, resulting in an unrealized loss of approximately $81,100 (-20%), with a liquidation price at $559.37. Other significant on-chain short positions total around $3.28 million, with counterparty long positions at approximately $1.37 million.
Bank of America, Citigroup, Goldman Sachs, and JPMorgan to Act as Underwriters for SK Hynix IPO
Odaily Planet Daily News According to documents SK Hynix filed with the U.S. Securities and Exchange Commission, Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase will serve as underwriters for its IPO.
Odaily Planet Daily News ByteDance's AI assistant Doubao has officially launched its Professional Edition service. Based on the newly released Doubao 2.1 series models, the Professional Edition offers higher usage quotas for users in complex office and productivity scenarios and features the first Office Task Mode capable of executing Agent tasks.
According to the introduction, after user authorization, the Office Task Mode can directly operate on local computers and browsers, assist with documents, spreadsheets, data collation, and supports cross-application automation tasks like scheduled Weibo posting. The mode incorporates an Office suite supporting multi-round editing and collaboration for online documents, spreadsheets, and PPTs, and provides Skills packs for creative design, data visualization, and financial analysis, while also supporting user-defined skills.
Additionally, Doubao Professional Edition supports scheduled tasks for automatically generating daily reports and summary information. In application development scenarios, it also supports the rapid construction of online application systems with backend databases, a feature currently in gray-scale testing.
In terms of pricing, the standard subscription for the Professional Edition costs 68 yuan per month on a recurring basis, granting access to the Doubao 2.1 Pro model with quotas for office tasks and expert mode boosted by over 5 times compared to the free version. The enhanced subscription costs 200 yuan per month recurring, offering 4 times the quota of the standard plan. The premium subscription costs 500 yuan per month recurring, providing 10 times the quota of the standard plan. Free users can still experience the Office Task Mode powered by the Doubao 2.1 Turbo model.
Concurrently, ByteDance is offering exclusive discounts for college students. Certified students can purchase the standard plan at a recurring monthly price of 38 yuan, and accessible pricing options will be provided for visually impaired users.
Strategy Stock Price Drops Below $100 for First Time Since March 2024
Odaily Planet Daily News According to MSX.COM data, Strategy's stock price fell below $100 for the first time since March 2024.
Trump Family Crypto Venture WLFI Under Senate Scrutiny Over $500 Million UAE Investment
Odaily Planet Daily News Five Democratic senators urged the Republican committee chairman on Tuesday to immediately hold hearings to investigate the reported $500 million investment from the United Arab Emirates into World Liberty Financial, a crypto venture affiliated with the Trump family.
It is reported that aides to the Abu Dhabi royal family signed an agreement four days before Trump's inauguration last year to purchase a 49% stake in World Liberty Financial for $500 million, with $218 million in advance payments directed to entities related to Trump and his Middle East envoy Steve Witkoff's family. Senators confirmed the backer is UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan.
Since Trump's inauguration in January 2025, his administration has approved several deals benefiting the UAE, including a $1.4 billion weapons sale in May 2025, and authorization for the sale of over $1 billion worth of 35,000 advanced AI chips to UAE-based G42 in November. (financefeeds)
Odaily Planet Daily News YZi Labs Management, the managing entity of YZi Labs, announced it has reached an agreement with Nasdaq-listed CEA Industries (BNC) to promote further optimization around digital asset strategy and corporate management. According to reports, BNC and YZi Labs will jointly search for an independent director with experience in digital assets, capital markets, and listed company governance to further refine the board structure. Former CEO David Namdar will continue in his current role during the transition period. YZi Labs has agreed to terminate its previously initiated shareholder consent solicitation action and withdraw related requests for books and records inspection and shareholder record date requests. This agreement signifies an end to the potential governance differences, shifting focus towards promoting the company's development through board restructuring and management optimization. (Globenewswire)
Project News
Ethereum Foundation's ETH Holdings Drop to Nearly 6-Year Low at ~$209 Million
Odaily Planet Daily News The dollar value of the Ethereum Foundation's ETH holdings has fallen to its lowest level in nearly six years, currently standing at approximately $209 million. Over the past two and a half weeks, its ETH holdings value hit a nearly six-year low, last seen below the current level in October 2020.
Kalshi Preparing for IPO, Expected After 2027
Odaily Planet Daily News Tarek Mansour, CEO of the prediction market platform Kalshi, stated that the company is in the early stages of planning an IPO but made it clear it will not go public in 2026. The earliest Kalshi could list is between late 2027 and 2028. Kalshi was valued at approximately $2 billion at the end of June 2025, rising to about $22 billion after its Series F funding round in May this year. Mansour stated that discussing a public listing becomes necessary as the business and financial scale grow.
Rothera Captures 15% of World Cup Related Event Contract Volume, OI Surpasses Polymarket
Odaily Planet Daily News Artemis data shows that the World Cup-related event contract trading volume on Rothera, Robinhood's self-built prediction market platform, now accounts for 15% of the total World Cup event volume. It currently has daily trading volume exceeding $134 million and over 2.4 million users, with its open interest also surpassing Polymarket.
Pump.fun Development Company Seeks Chief Legal Officer; Salary $1M - $5M
Odaily Planet Daily News Pump founder alon posted on platform X that Baton Corporation is hiring a Chief Legal Officer. Baton Corporation is the development company behind Pump.fun, aiming to build a global consumer brand that tokenizes the world's most promising early-stage ideas.
As the company scales, it requires a legal team to match this goal, mitigating key risks while achieving massive growth. The position will serve as the lead legal counsel alongside the General Counsel, overseeing regulatory affairs, product law, corporate governance, cross-border compliance, and more. The annual salary is $1 million to $5 million.
Investment & Financing
Coinbase Ventures Remains Active During Bear Market, Maintaining 5-6 Deals Per Month
Odaily Planet Daily News Coinbase Ventures stated on social media that its investment activity has not slowed down due to market cycles.
Public data shows that Coinbase Ventures has invested in a total of 367 projects. Between November 2025 and June 2026, its investment frequency remained stable at roughly 5 to 6 transactions per month, continuing to deploy capital even in a bear market environment. Its investment pace has not decelerated, maintaining around 5 to 6 investment transactions per month.
Sports Prediction App Onyx Odds Raises $20M, Led by Kraken Parent Payward
Odaily Planet Daily News Sports prediction app Onyx Odds announced the completion of a $20 million funding round, led by Payward, the parent company of Kraken. The project primarily focuses on sports event prediction and is expanding into other trading products.
Odaily Planet Daily News Blockchain data infrastructure startup Cambrian has completed a $6 million seed funding round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, Nomad Capital, and others.
Odaily Planet Daily News previously reported that Cambrian also secured a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing total funding to $11.9 million.
On-Chain Yield Company Ground Raises $3.6M Pre-Seed, Led by Bain Capital Crypto and ParaFi
Odaily Planet Daily News On-chain yield infrastructure startup Ground announced the completion of a $3.6 million pre-seed funding round, co-led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One, Consonant Ventures, and others.
Ground provides an API for fintech companies and asset management institutions, enabling them to integrate on-chain yield products into existing applications without building blockchain integrations themselves. Its target clients include fintech platforms, digital banks, wealth management firms, exchanges, and asset management companies for building yield, savings, and investment products.
