Wall Street questions Walsh's policy communication, while JPMorgan Chase has brought forward its forecast for the first interest rate hike to December this year.

The South Korean storage sector continues to face pressure. As of press time, Hong Kong-listed leveraged ETFs are broadly lower. The Nanfang 2x Long Samsung Electronics (07747) declined 7.65% to HK$54.58; the Nanfang 2x Long SK Hynix (07709) dropped 17.13% to HK$27.10.

China's ChiNext Index and STAR 50 Index both fell more than 6% before midday trading, the Shenzhen Component Index dropped nearly 3.86%, and the Shanghai Composite Index declined 1.2%.

According to monitoring by Emmett Gallic, addresses linked to Geir Harald Hansen, founder of early Bitcoin mining pool Bitminter, recently transferred 829 BTC, with some of these coins moving on-chain for the first time in 8 years. Publicly available information shows that Bitminter, founded by Hansen, was one of the major early Bitcoin mining pools, at its peak accounting for nearly 10% of the network’s total hash rate and having mined approximately 208,232 BTC in total.

According to GMGN market data, STONKBROKER’s market capitalization briefly touched $30 million, and currently stands at $29.33 million, with a 24-hour gain of 54.52%.

South Korea’s stock market has recently faced intense selling pressure, with AI chip trading shifting from a crowded high-level position to concentrated liquidation. The KOSPI index hit an intraday all-time high of 9,385.59 points on June 19, before plummeting in less than a month and a half. Calculated at the current level around 5,689 points, the index has pulled back roughly 39% from its peak; measured against yesterday’s intraday low, the maximum decline is nearly 44%. In terms of market capitalization, the KOSPI’s total market cap has shrunk sharply from its mid-June high, with market estimates putting the evaporated value approaching $2 trillion (roughly 1.55 times Bitcoin’s total market cap). The core pressure driving this round of declines is concentrated in semiconductor heavyweight stocks. The KOSPI is a market-cap weighted index, with Samsung Electronics and SK Hynix exerting enormous influence on the benchmark. Recent calculations show Samsung Electronics accounts for nearly 30% of the KOSPI’s market cap, while SK Hynix makes up over 20%, bringing the two firms’ combined weight to more than 50%. In other words, South Korea’s main board index is highly tied to AI memory, High Bandwidth Memory (HBM), and the semiconductor cycle in this market move. Previously, SK Hynix’s stock surged on the back of HBM demand, memory price hikes, and AI server orders, while Samsung Electronics also benefited from market bets on an AI memory recovery. However, as global tech stock volatility intensified, investors began reassessing risks including returns on AI capital expenditure, competition from Chinese memory players, stretched valuations, and the risk of leveraged funds exiting, triggering a sharp reversal in South Korea’s semiconductor stock chain.

According to monitoring by OnchainDataNerd, over the past 12 hours, Multicoin Capital deposited 137,100 HYPE tokens into Coinbase Prime, worth approximately $7.51 million, while Bitwise transferred 22,463 HYPE tokens to Coinbase, valued at around $1.23 million. The two institutions have collectively moved 159,563 HYPE tokens, totaling roughly $8.74 million in value, with all funds flowing to Coinbase.