Serenity: High-beta stocks typically fall first during broad market corrections, but also recover earlier.

According to an official announcement, Bithumb will list the Archium (ARX) KRW trading pair.

According to a report by the UK's Financial Times, Binance has notified its EU customers that it will cease services to users in the region starting next week due to failing to obtain a MiCA license.

Big Brother Machi Huang Licheng posted on social media that Bitcoin features a halving mechanism, and Ethereum should adopt a "snail-paced issuance" mechanism. He personally backs cutting Ethereum's issuance right now. According to HyperInsight's monitoring, the address associated with "Big Brother Machi" is currently holding a long position of 888 ETH with 25x leverage, at an average entry price of $1,564.35, posting an unrealized loss of $9,000.

According to Hyperinsight monitoring, dragged down by Apple’s sharp decline that weighed on large-cap tech stocks, plus U.S. PCE inflation staying high and market interest rate cut expectations cooling further, funds took profits from the overheated AI sector, leading to an overall pullback in U.S. AI industry chain stocks overnight. A whale address (0x3200) on Hyperliquid has been steadily building positions in AI-related stocks over the past month, sequentially entering positions in NVDA, MSFT, MU, SKHX, GOOGL, META, BABA, and MRVL, with its total position size once hitting $89.7 million. Hit by this round of correction, its current total unrealized loss has expanded to $8.5 million, including an additional $3.47 million in unrealized loss in the past 24 hours. NVDA (average entry price: $212) and MSFT (average entry price: $407) are the top loss contributors, with their unrealized losses exceeding the principal of their respective positions. The address today closed out all long positions in SKHX and MU, locking in a small profit, and its current portfolio position size has fallen to $72.7 million.

SEB Chief Strategist Jussi Hiljanen stated in a report that as hopes for a lasting peace deal between the U.S. and Iran rise, the U.S. 10-year Treasury yield is moving toward 4.40% and may fluctuate around this level in the coming months. "We believe the U.S. 10-year Treasury yield will likely lack a clear trend in the coming months, fluctuating mostly in the 4.30% to 4.50% range," he said. Hiljanen added that SEB still maintains that a lasting resolution to the Middle East conflict alone is unlikely to drive U.S. Treasury yields into a downward trend, as this would require support from macroeconomic data and Federal Reserve policy communication.

According to Bitget's market data, South Korea's KOSPI index has narrowed its decline to 5.93%, after earlier plunging nearly 9%.