「White-Haired Stock God」 Calls Out SIVE Again: JPMorgan Chase May Continue to Mop Up Outstanding Shares

June 8 — Per official statements, crypto trading platform Bybit announced the upgrade of its on-chain stock IPO subscription product, Bybit IPO Express, making it accessible to all eligible users with no prior subscription limits or user tier-based restrictions. Participants can now subscribe freely based on their individual investment needs. The upgraded offering includes tokenized IPO subscriptions for SpaceX in collaboration with xStocks. This makes Bybit one of the world’s first centralized exchanges (CEXs) to provide tokenized IPO access at primary market pricing, expanding the on-chain stock asset trading landscape. The tokenized SpaceX shares issued here are fully backed by the xStocks issuer, pegged 1:1 to actual equity, and meet institutional-grade regulatory compliance standards. SpaceX xStocks IPO Subscription Timeline: - Registration & Subscription Period: June 7 – June 11 - Allocation Period: June 11 – June 12 - Spot Trading Launch: June 12

June 8. Cryptocurrency market analyst Axel Adler Jr. noted that last Friday (June 5), the crypto market saw its sharpest sell-off of the month, with a net outflow of $236 million. Bitcoin’s price briefly dropped to $60,500. But buying pressure began to return on June 7. During an 8-hour stretch between 00:00 and 08:00 UTC that day, a pulse candle registered a net inflow of roughly $620 million. Buying momentum carried over into June 8, with an additional $320 million in inflows, pushing Bitcoin’s price up around 3.7% from its recent low to roughly $62,700. In the near term, order flow has tilted toward the demand side, though the derivatives market hasn’t mirrored this shift yet. Even with the price bounce, futures open interest fell from a June 7 peak of $1.65 billion to $1.55 billion—roughly a 6% drop. Over the past 24 hours, the funding rate has stayed positive, ranging from +0.001% to +0.020%. Axel explained that the mix of "rising prices, falling open interest, and a positive f

June 8. Asian markets extended last week’s steep selloff on Monday, with South Korea’s KOSPI index plunging more than 8% – led by semiconductor stocks. Mark Vale, Investment Director at Lucerne Asset Management, stated: “This wave of selling looks more like a pullback from leveraged positions and momentum-driven trades than a reassessment of artificial intelligence’s long-term growth narrative. South Korean tech stocks have been among the world’s best-performing equities for some time. Given their highly concentrated market positioning, these stocks were a natural source of liquidity as interest rate expectations shifted following last week’s non-farm payrolls report. The big question right now is whether mega-cap firms will pull back on AI spending. So far, there’s no evidence of that.”

June 8 — Per Bitget market data, futures for the three major U.S. stock indexes posted mixed performance: the Dow Jones slipped 0.25%, the Nasdaq rose 0.79%, and the S&P 500 advanced 0.3%. In pre-market trading, crypto-related stocks rallied broadly, driven by Bitcoin’s rebound. Gains across the group included: BLSH +2.82%, CRCL +2.94%, MSTR +3.18%, COIN +2.53%, SBET +2.5%, and BMNR +3.71%. For tech stocks, results varied: Tesla +1.01%, Google -1.2%, Oracle +0.85%, Nvidia +1.41%, and Apple +0.41%. In the storage sector, stocks rose across the board: STX +2.54%, WDC +3.94%, SNDK +1.96%, and MU +4.57%. Optical module stocks also posted strong gains: COHR +2.62%, LITE +1.46%, AAOI +3.07%, NOK +2.5%, and MRVL +7.23%.

On June 8, according to Whale Alert monitoring, Circle minted 250 million USDC on the Solana blockchain at 16:20:41 UTC.

June 8 – Official sources report that OKX will launch USDG spot trading at 4:30 PM (UTC+8) on June 10, 2026.