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HSBC upgrades Apple Inc. to Buy rating, sharply raises its target price to $366.

1 hours ago

HSBC has upgraded Apple Inc.’s stock to a Buy rating, stating the tech giant is at an “operational inflection point.” The bank also raised Apple’s price target from $260 to $366. HSBC notes Apple can avoid high capital expenditure controversies: its capital investment equals just 2.5% of its 2026 projected sales, compared to 39% for hyperscale cloud service providers. Additionally, Apple is well-positioned to leverage its 2.5 billion installed device base to launch its upcoming updated Apple Intelligence system. The bank views Apple’s hardware product line as strong, including the iPhone 18 Pro and Pro Max launching this fall, the iPhone Air scheduled for April 2027, and “most importantly,” a book-style foldable phone.

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Following the opening of US stock markets, Bitcoin and Ethereum accelerated their downward trend; 'Maji' rapidly cut positions to avoid liquidation.

Per HTX market data, Bitcoin and Ethereum accelerated their declines after today’s US stock market opened. As of press time, Bitcoin trades at $62,554.81, down 0.84% over the past hour. Ethereum is holding just above the $1,800 level, currently at $1,810.62. In response, "Maji" has sharply cut its Ethereum long positions in the past hour. HyperInsight monitoring shows its 25x leveraged Ethereum long positions have been reduced to 3,500 coins, valued at $6.338 million, with the long positions’ liquidation price also dropping to $1,795.49—less than 1% away from the current price.

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SBI Holdings completes acquisition of Singapore-based centralized exchange (CEX) Coinhako, following regulatory approval from Singapore.

Japanese financial group SBI Holdings has obtained approval from Singapore’s Monetary Authority (MAS) and completed the acquisition of Coinhako, a licensed, compliant Singaporean crypto exchange and digital wallet service provider. Coinhako is a licensed digital asset platform in Singapore, with operations covering cryptocurrency trading and asset custody.

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SK Hynix ADR breaks the issue price

According to market data from BIT (bit.com), SK Hynix’s American Depositary Receipt (SKHY.O) has fallen below its IPO price of $149 for the first time. Meanwhile, the sell-off in US tech stocks has broadened in tandem: the Philadelphia Semiconductor Index dropped more than 5%, AMD fell over 7%, Intel declined by more than 6%, and TSMC slid over 5%.

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U.S. stocks opened broadly lower, with Apple’s market capitalization surpassing NVIDIA’s, and the semiconductor index is on the verge of entering a technical bear market.

US stock market opened, with the Dow Jones Industrial Average down 0.24%, S&P 500 down 1.15%, and Nasdaq down 1.8%. The Philadelphia Semiconductor Index fell more than 3%, on the verge of entering a technical bear market. According to market data from BIT (bit.com), among individual stocks, heavyweight Nvidia dropped 2.2%, Qualcomm fell 3%, Intel declined 3.5%, Microsoft edged down 1%, and SpaceX fell 3%. As a result, Apple inched up 0.05%, surpassing Nvidia to become the world’s most valuable company by market capitalization. CPO concept stocks and AI infrastructure-related stocks fell broadly, with AAOI and AMAT leading the sector decline, each dropping more than 6%.

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SpaceX has lost nearly $1 trillion in market value from its peak.

According to market data from BIT (bit.com), SpaceX’s stock price has continued to decline steadily since opening today, with a current drop of 5%. The stock is now down 38% from its peak, and its market capitalization will shed approximately $1 trillion from its all-time high.

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Optimism will partner with Dunamu, the operator of Upbit, to expand into the South Korean market.

Ethereum Layer 2 infrastructure project Optimism will partner with Upbit operator Dunamu, fintech platform Toss, and DB Securities to expand its presence in the South Korean market. The collaboration covers upgrading and driving the globalization of Dunamu’s GIWA blockchain, validating South Korean won-denominated digital financial infrastructure, and commercializing Jeju Island’s smart agriculture, livestock assets, and South Korean intellectual property via tokenized securities and real-world assets (RWA).

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