NVIDIA and SK hynix announce a multi-year technology partnership

June 8th — Jiang Zhuo’er, founder of the BTC.TOP crypto mining pool, weighed in on MicroStrategy’s recent Bitcoin selling activity, stating that the firm will not offload large portions of its BTC holdings but only sell small amounts to cover interest payments. Jiang noted that MicroStrategy plans to issue new shares under its STRC ticker to raise funds for additional Bitcoin purchases. At the same time, he explained, the company will sell a tiny fraction of its early-acquired, low-cost BTC to recognize accounting gains, which will be used to pay STRC interest — a key part of his so-called “rolling strategy” framework. He added that failing to sell any BTC at all would spark investor suspicions of a Ponzi scheme. Selling small amounts generates real revenue, he emphasized, while preserving MicroStrategy’s cultivated “never-sell Bitcoin” brand image and enabling continued financing.

June 8 — South Korean President Lee Jae-myung says his administration will determine how to most effectively utilize the surplus tax revenue generated by the chip industry.

June 8. Today, South Korea’s stock market extended its Friday slump, falling over 8% right after opening before trading was halted by a circuit breaker. South Korean exchanges held an emergency meeting Monday to review the sharp market turbulence and discuss steps to keep the market stable, reports noted. Data shows that after the Kospi hit a record high last week, foreign investors have pulled out nonstop—net selling of Kospi stocks topped $10 billion in just the past week. That selling pressure also weighed on the Korean won, pushing the KRW/USD exchange rate to its lowest point since March 2009. South Korean exchange data adds that driven by AI-fueled chip demand, Samsung Electronics and SK Hynix make up a combined 54% of the Korea Composite Stock Price Index (KOSPI), and their daily trading volume in May accounts for roughly half of the index’s total. Nearly three-quarters of the Kospi’s gains this year came from these two firms. When the benchmark index hit a record high last Tu

**Flash Token Unlock Update (June 8): Over $30M in WET, ME, APT Tokens to Unlock This Week** June 8th — Data from Token Unlocks shows this week will feature large one-time token unlocks for HumidiFi (WET), Babylon (BABY), Magic Eden (ME), and Aptos (APT), with a combined value exceeding $30 million. Full details per asset: - HumidiFi (WET): 256 million tokens will unlock on June 9th, valued at approximately $14.66 million, equal to 111.59% of its circulating supply. - Babylon (BABY): 136 million tokens will unlock on June 10th, worth around $2.27 million, representing 6.87% of its circulating supply. - Magic Eden (ME): 172 million tokens will unlock on June 10th, valued at roughly $10.36 million, making up 33.99% of its circulating supply. - Aptos (APT): 11.31 million tokens will unlock on June 12th, worth about $7.58 million, accounting for 0.67% of its circulating supply. This rewrite aligns with American English crypto industry conventions: concise structure, standard a

June 8 — NVIDIA CEO Jensen Huang told reporters at a June 8 press conference held at Seoul’s Jongno-gu SK Square Building, alongside SK Group Chairman Chey Tae-won, that, “If you are a shareholder of an AI company, you will be happy, and there may be more opportunities in the future.” Huang further noted that “its current price is very low.”

On June 8, per monitoring from LookOnChain, a crypto whale bought 1,656 BTC at roughly $59,734 (totaling $98.93 million) and then moved those coins to Binance just three hours ago—raking in $3.5 million in profit in a mere two days.