Bithumb to List SPACE/KRW Trading Pair

June 16, an analyst at Aletheia Capital upgraded SK Hynix’s target price to 5.3 million Korean won—roughly $3,500—valuing the stock at 10x 2027 estimated free cash flow (FCF) and a 10x P/E ratio. This assessment suggests roughly 125% upside from the company’s current share price. The report underscores that surging demand for AI-compatible hardware memory is driving robust revenue and FCF growth for SK Hynix. Specifically, it notes DRAM average selling prices (ASP) are projected to keep rising through 2026 and 2027, while high-bandwidth memory (HBM) emerges as a critical, in-demand component for AI systems. The 5.3 million won target is notably above the market consensus estimate of around 2.6 to 2.7 million Korean won. For context, Aletheia Capital is an independent Hong Kong-based investment advisory firm founded in 2018, with a focus on Asian equity research, macro strategy, investment consulting, and fintech services.

June 16: U.S. financial blog ZeroHedge reports that SpaceX options are set to debut today, a development that could trigger a gamma squeeze on SPCX stock, driving its price up to $400 and pushing its market capitalization past NVIDIA’s. ZeroHedge notes that current stock price levels are primarily determined by which party holds the largest volume of out-of-the-money (OTM) call options, as this holding would spark the most severe gamma squeeze. BlockBeats clarifies: A gamma squeeze is a strong positive feedback mechanism in the options market that results in rapid, sharp stock price growth. Essentially, it is a chain reaction initiated when options market makers are forced to buy large amounts of underlying stock to hedge their risks.

June 16, the Bank of Japan hiked interest rates by 25 basis points, lifting its policy target rate from 0.75% to 1.00%—the highest level in 31 years. The decision matched market expectations, as the central bank had kept rates unchanged for three consecutive prior meetings. According to reports, the rate move was approved by a 7-1 vote during the policy gathering.

On June 16, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that a specific wallet address shares the same deposit address on Bybit as Arthur Hayes. The address in question withdrew an additional 47,000 HYPE tokens from Bybit just an hour ago, worth approximately $3.16 million. However, Old Black clarified rumors about his suspected HYPE purchase a week ago, stating, "I didn't buy shit."

June 16 Update: Coinbase has launched perpetual futures contracts for industry indices, with its new offerings including AI10, Defense10, China10, and Tech100.

June 16 — Citrini Research’s "AI Doomsday Report" reveals that both AMD and Apple are developing AI products using flash-based alternatives to DRAM. AMD acquired MEXT to boost flash memory performance, bringing it nearly on par with DRAM and cutting memory costs for AI data centers. Apple has rolled out a similar device-level optimization through its "LLM in a flash" technology. Per Citrini’s latest research, AI inference workloads have high memory demands for KV cache, with HBM making up 25% of DRAM capacity in what’s called the "memory tax". Flash memory costs just 1/55 of DRAM, and through controller tuning, NAND stacking, and unit mode adjustments, it provides a viable alternative for edge AI applications in terms of both capacity and bandwidth. This report offers theoretical support for the recent rally in storage stocks, with SanDisk leading the gains.