Japanese and South Korean Stock Markets Open High and Close High, Both Hit Record High Closing Prices

On June 18, shares of Intel rose 6.6% in pre-market trading, per Bitget data. The move follows Trump’s statement that Apple will partner with the tech firm on chip design and manufacturing.

On June 18, per Bitget market data, storage sector stocks in the US pre-market session posted broad gains, as follows: Western Digital (WDC) rose 5.81%; Micron Technology (MU) advanced 4.88%; Seagate Technology (STX) gained 4.27%; SanDisk (SNDK) climbed 4.23%.

Bitget PoolX will launch the Aivive (AVV) project on June 18, with 33,333,333 AVV tokens available for distribution through BTC locking. The maximum individual BTC lock is 50 coins. The locking channel opens at 7:00 PM (19:00) UTC+8 on June 18 and closes at 7:00 PM (19:00) UTC+8 on June 25. Additionally, users who maintain a net BTC deposit during the event period will receive a 2% BTC yield farming coupon after the event concludes. First-time PoolX participants that meet the net deposit requirement will qualify for a 10% BTC yield farming coupon. The net deposit calculation window runs from 4:00 PM (16:00) UTC+8 on June 18 to 4:00 PM (16:00) UTC+8 on June 24. For full details, please check Bitget’s official platform.

June 18 – Tai Hui, Chief Market Strategist for Asia at Morgan Asset Management, said that at the first interest rate meeting led by new Fed Chair Powell, the FOMC voted unanimously to hold the federal funds rate target range at 3.50% to 3.75%. Signals from the meeting indicated the Fed had no appetite to pivot quickly toward looser monetary policy. Hui added that the policy statement saw major structural changes, coming in roughly half the length of the prior version. Unlike the detailed, classic four-paragraph statement released in April, the latest statement was heavily streamlined and fully abandoned the prior implicit dovish tone. Additionally, the descriptions of economic growth, the labor market, and inflation outlook are noticeably more concise. He believes that at the current interest rate level, the FOMC is willing to stay patient, reinforcing the view that the Fed will not adjust rates at all this year.

June 18: Per Hyperinsight monitoring, Hyperliquid’s largest ETH short position holder, the wallet address pension-usdt.eth, has resumed phased profit-taking. In its first profit-taking round on the prior day, the address closed roughly 10,000 ETH shorts. This latest phase has reduced its short position by approximately 1,700 ETH, with the reduction still ongoing as of press time. The address initially shorted 60,000 ETH with 3x leverage, a position valued at ~$107 million at an entry price of $1,810. Over the past two days, it has closed a total of around 11,700 ETH shorts, worth about $20.47 million. Its remaining short position currently holds an unrealized profit of ~$3.18 million. Wallet Address: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902

On June 18, Bitget data shows that Hong Kong-listed Wisdom Power extended its afternoon rally, surging over 22% to cross HK$2,010 and hit a fresh all-time high.