After SKHX rallied, smart money abandoned waiting for a pullback and chased the rally to buy back $43 million worth of SKHX.

According to Bitget market data, South Korea’s KOSPI index closed up 45.77 points, or 0.68%, at 6742.73 points. Samsung Electronics ended flat, while SK Hynix rose 0.42%. Japan’s Nikkei 225 index closed up 328.34 points, or 0.50%, at 65856.43 points.

Brent Kovar, a Las Vegas-based US businessman, has been convicted by a jury of involvement in a $24 million crypto Ponzi scheme and faces up to 280 years in prison. The US Department of Justice said Kovar used investors’ funds to operate Profit Connect, repaying old investors with new funds under the pretense of mining revenue.

According to GMGN market data, the BSC-based Meme coin "Niu Lai" hit a phase low of $30 million in market cap early this morning. It has rebounded over 43% in nearly 10 hours, pushing its market cap above $43 million. The coin has recorded a 23.2% gain in the past 24 hours, with 24-hour trading volume reaching $13.4 million. BlockBeats reminds users that most Meme coins have no real use cases, are highly volatile, and investors should exercise caution.

JPMorgan strategist Fabio Bassi believes US stocks still have room to rise by the end of the year, but the rally will rely more on sector rotation rather than a synchronized advance across all risk assets. The bank maintains a constructive view on equities, favoring high-quality growth stocks, cloud computing leaders, and semiconductor sectors that have undergone repricing. This assessment comes as US stock moves have grown more selective. Recently, volatility in the Nasdaq and Philadelphia Semiconductor Index has expanded significantly, with some previously strong stocks in the AI sector facing concentrated sell-offs. Investors have begun reassessing AI revenue realization, capital expenditure returns, and long-term interest rate pressures. JPMorgan notes that this volatility does not necessarily signal the end of the bull market; it is more likely an indication that capital is rotating out of crowded trades and into areas with higher earnings visibility and more digestible valuations. The bank also interprets the rise in long-term US Treasury yields as a sign of rising capital demand and improving investment opportunities. Investments in AI infrastructure, power grids, data centers, and cloud computing are absorbing large amounts of capital, and the market will continue to balance between "growth opportunities" and "financing costs".

Against the backdrop of Nvidia’s upcoming earnings report and growing volatility in the AI sector, Goldman Sachs has further raised its outlook for the semiconductor equipment cycle. The bank believes AI demand is extending the current cycle of wafer fabrication equipment (WFE) spending, with global WFE expenditure set to continue expanding from 2026 to 2028. Goldman Sachs projects global wafer fab equipment spending will reach $150 billion in 2026, rise to $218 billion in 2027, and climb to $281 billion in 2028, corresponding to year-over-year growth rates of 36%, 45%, and 29% respectively. Key drivers include capacity expansion for DRAM, high-bandwidth memory (HBM), and advanced process node foundry production. The report also notes that tight DRAM supply is likely to persist through 2028, which will keep capital expenditure for memory manufacturers at elevated levels.

According to GMGN market data, PONS is currently trading at $0.0975, with a market capitalization of approximately $97.54 million. It hit a high of $100.19 million within the past hour, briefly breaking through the $100 million threshold. Over the last 24 hours, PONS has surged 47.18%, with a 24-hour trading volume of around $18.9 million. PONS is the native token of Pons, a leading meme coin launchpad on Robinhood Chain.