「Stock Market Oracle」 Serenity: Today's US Stock Market Pullback is a Normal Adjustment, Overall Long-Term Trend Remains Unchanged

On June 4, data from Coinglass shows global crypto liquidations surged to $1.787 billion in the past 24 hours. Long liquidations accounted for $1.517 billion of that total, while short liquidations came to $269 million. A total of 296,488 traders were liquidated worldwide over the same period. The single largest liquidation was a $16.1984 million BTC-USD position on Hyperliquid.

June 4 — According to Bitget data, as U.S. stock markets opened, the Dow Jones Industrial Average gained 1%, the S&P 500 slipped 0.4%, and the Nasdaq Composite dropped 1%. Semiconductor firm Broadcom (AVGO) fell 14% after reporting earnings, pushing its total market capitalization below $2 trillion, driven by lower-than-expected AI chip revenue guidance. Chip stocks faced broad selling pressure: Micron Technology (MU.O) declined 6.7%, Arm (ARM.O) dropped 7.3%, AMD (AMD.O) was down 5.3%, Intel (INTC.O) edged lower by 3.4%, and NVIDIA (NVDA.O) fell 0.5%.

June 4 HashKey MENA FZE — a virtual asset trading platform authorized by the Dubai Virtual Asset Regulatory Authority (VARA) — is leading a milestone initiative: exploring how compliant stablecoins can power cross-border commercial settlements between the Middle East and Africa. To tackle longstanding inefficiencies in traditional finance, HashKey MENA has signed a cross-border corridor pilot agreement with the Aptos Foundation to launch an enterprise-grade (B2B) stablecoin payment pilot program. In partnership with pan-African stablecoin payment platform Daya, this pilot lets businesses test regional trade settlements on Aptos’ Layer 1 blockchain. Specifically, it will roll out fiat deposit and withdrawal channels for the Nigerian naira and other African currencies, plus core traditional tools like SWIFT and bank wires, local currency virtual accounts, and integrated payment APIs for enterprises and fintech firms. As the Middle East’s leading over-the-counter (OTC) trading

Robinhood officially launched spot trading for FLR and STRK on June 4th, per its official website.

June 4 — Cosmos ecosystem core developer Cosmos Labs has acquired leading Cosmos block explorer Mintscan and launched a new Seoul-based subsidiary, Cosmos Labs Korea, to oversee key infrastructure operations across the Cosmos network. In a statement, Cosmos Labs Co-CEO Barry Plunkett revealed talks for the acquisition first kicked off last October. No details about the transaction’s size, financing structure, or whether Cosmos Hub’s native token ATOM is involved have been made public. Following the deal’s completion, a portion of Mintscan’s staff will join Cosmos Labs, while the rest of Stamper’s business units will remain unaffected. Currently, Mintscan tracks over 80 Cosmos-based blockchains. Cosmos Labs notes that the acquisition will let it integrate Mintscan, Skip:Go, IBC Eureka, and Cosmos Hub development into a more cohesive framework, boosting engineering capabilities for the Cosmos Hub.

June 4 – A Morgan Stanley analyst noted in a report that total global stock buyback announcements reached $53.1 billion in April and May this year, setting a new historical high for the same two-month period. The tech sector accounted for the vast majority of this growth. At first glance, this may seem puzzling given widespread market concerns over the scale of tech companies’ spending on artificial intelligence. However, the analyst stated that over the past several quarters, the tech sector’s financing needs have shown more positive signs: cash flow growth has seen a stronger upward trend than capital expenditure growth, which has helped expand its financing surplus and support increased buyback efforts. (Jinse)