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On June 24, four sources revealed that Qualcomm (QCOM.O) is in discussions with ByteDance to provide chip design services. If negotiations are successful, ByteDance would become an early customer of Qualcomm's chip design services business. However, sources emphasized that the negotiations are still ongoing and the outcome is uncertain. It remains unclear whether the talks will ultimately lead to a chip design and manufacturing agreement, and ByteDance may also seek other partners. Further details about the chip are not yet clear. One source mentioned that the discussions involve the design of a Video Processing Unit (VPU), with the aim of starting mass production by the end of this year.

[Qualcomm in Talks with ByteDance for Custom Chip Design Services]On June 24, four sources revealed that Qualcomm (QCOM.O) is in discussions with ByteDance to provide chip design services. If negotiations are successful, ByteDance would become an early customer of Qualcomm's chip design services business. However, sources emphasized that the negotiations are still ongoing and the outcome is uncertain. It remains unclear whether the talks will ultimately lead to a chip design and manufacturing agreement, and ByteDance may also seek other partners. Further details about the chip are not yet clear. One source mentioned that the discussions involve the design of a Video Processing Unit (VPU), with the aim of starting mass production by the end of this year.

Qualcomm in Talks with ByteDance for Custom Chip Design Services

On June 24, Bank of America released a report stating that the visibility of AI demand in the semiconductor industry has extended to 2028, raising its global semiconductor market size forecast to $2.7 trillion by 2030. The report predicts that the supply-demand ratio for DRAM and NAND will remain above 110% before 2028, indicating no substantial risk of oversupply; the HBM market size is expected to grow from approximately $35 billion in 2025 to about $246 billion by 2030. Meanwhile, semiconductor equipment (WFE) spending is projected to reach $250 billion by 2028, a 23% increase from previous forecasts. Based on these assessments, Bank of America has raised Micron's target price from $95 to $150.

[Bank of America: AI Demand Visibility Extended to 2028, Limited Risk of Storage Chip Oversupply]On June 24, Bank of America released a report stating that the visibility of AI demand in the semiconductor industry has extended to 2028, raising its global semiconductor market size forecast to $2.7 trillion by 2030. The report predicts that the supply-demand ratio for DRAM and NAND will remain above 110% before 2028, indicating no substantial risk of oversupply; the HBM market size is expected to grow from approximately $35 billion in 2025 to about $246 billion by 2030. Meanwhile, semiconductor equipment (WFE) spending is projected to reach $250 billion by 2028, a 23% increase from previous forecasts. Based on these assessments, Bank of America has raised Micron's target price from $95 to $150.

Bank of America: AI Demand Visibility Extended to 2028, Limited Risk of Storage Chip Oversupply

On June 24, sources reported that Qualcomm (QCOM.O) is in discussions with ByteDance to provide custom chip design services.

[Qualcomm in Talks with ByteDance for Custom Chip Design Services]On June 24, sources reported that Qualcomm (QCOM.O) is in discussions with ByteDance to provide custom chip design services.

On June 24, the Korea Economic Daily reported that South Korea's Digital Asset Basic Law, which is part of the second phase of virtual asset legislation, may face delays this year. Although the National Assembly's digital asset working group has completed the consolidation of eight related bills, the group has stalled following recent changes in the parliamentary leadership. The relevant standing committee, the National Policy Committee, has yet to be formed, and there are further obstacles to the overall legislative schedule. Additionally, the government, including financial authorities, has not submitted its own version of the bill. The media added that some market observers believe this delay is related to the recent surge in the stock market, with the Korea Composite Stock Price Index (KOSPI) surpassing the 9,000-point mark. This perspective suggests that financial authorities are intentionally slowing down the legislative process to prevent capital from flowing into the virtual asset market while the government focuses on boosting the stock market.

[South Korea's Digital Asset Basic Law Faces Risk of Delay Amid Government Focus on Stock Market]On June 24, the Korea Economic Daily reported that South Korea's Digital Asset Basic Law, which is part of the second phase of virtual asset legislation, may face delays this year. Although the National Assembly's digital asset working group has completed the consolidation of eight related bills, the group has stalled following recent changes in the parliamentary leadership. The relevant standing committee, the National Policy Committee, has yet to be formed, and there are further obstacles to the overall legislative schedule. Additionally, the government, including financial authorities, has not submitted its own version of the bill. The media added that some market observers believe this delay is related to the recent surge in the stock market, with the Korea Composite Stock Price Index (KOSPI) surpassing the 9,000-point mark. This perspective suggests that financial authorities are intentionally slowing down the legislative process to prevent capital from flowing into the virtual asset market while the government focuses on boosting the stock market.

South Korea's Digital Asset Basic Law Faces Risk of Delay Amid Government Focus on Stock Market

On June 24, several private equity professionals in mainland China revealed that they received notifications from their partner brokerages last night, stating that regulators have required a suspension of new cross-border Total Return Swap (TRS) scales for managers. According to public information, TRS, or Total Return Swap, is a financial derivative that allows private equity firms to gain returns (or losses) from assets without directly holding foreign assets (with principal not leaving the country) by signing return swap agreements with counterpart brokerages. This year, due to the impressive performance of the global technology sector, many private equity firms have allocated overseas assets through cross-border TRS. Since May, the China Securities Regulatory Commission and seven other departments jointly issued a plan for the comprehensive rectification of illegal cross-border securities, futures, and fund operations, targeting leading cross-border internet brokerages such as Tiger Brokers, Futu Holdings, and Changqiao Securities. As the space for mainland residents to engage in illegal cross-border stock trading shrinks, private equity products using cross-border TRS to invest in overseas technology targets have increasingly attracted funding attention. Several private equity professionals noted, 'The related notification was quite sudden, and some product strategies may experience short-term changes. We are currently waiting for further clarification on the cross-border TRS quota regulations.'

[Several Chinese Private Equity Firms Informed to Suspend New Cross-Border TRS]On June 24, several private equity professionals in mainland China revealed that they received notifications from their partner brokerages last night, stating that regulators have required a suspension of new cross-border Total Return Swap (TRS) scales for managers. According to public information, TRS, or Total Return Swap, is a financial derivative that allows private equity firms to gain returns (or losses) from assets without directly holding foreign assets (with principal not leaving the country) by signing return swap agreements with counterpart brokerages. This year, due to the impressive performance of the global technology sector, many private equity firms have allocated overseas assets through cross-border TRS. Since May, the China Securities Regulatory Commission and seven other departments jointly issued a plan for the comprehensive rectification of illegal cross-border securities, futures, and fund operations, targeting leading cross-border internet brokerages such as Tiger Brokers, Futu Holdings, and Changqiao Securities. As the space for mainland residents to engage in illegal cross-border stock trading shrinks, private equity products using cross-border TRS to invest in overseas technology targets have increasingly attracted funding attention. Several private equity professionals noted, 'The related notification was quite sudden, and some product strategies may experience short-term changes. We are currently waiting for further clarification on the cross-border TRS quota regulations.'

Several Chinese Private Equity Firms Informed to Suspend New Cross-Border TRS

On June 24, U.S. Treasury Secretary Besenet stated that inflation will return to target levels, and Fed Chair Waller will optimize the path for growth and price stability. Trump and I understand the power of the bond market and have already seen the economic growth brought by artificial intelligence. (Sina Finance)

[Besenet: Inflation Will Return to Target Levels, Fed Chair Waller to Optimize Growth and Price Stability Path]On June 24, U.S. Treasury Secretary Besenet stated that inflation will return to target levels, and Fed Chair Waller will optimize the path for growth and price stability. Trump and I understand the power of the bond market and have already seen the economic growth brought by artificial intelligence. (Sina Finance)

Besenet: Inflation Will Return to Target Levels, Fed Chair Waller to Optimize Growth and Price Stability Path

On June 24, Onchain Lens reported that the whale address '0x913' has further increased its short position in SOL, currently holding 624,680 SOL with a 20x leveraged short position. The value of this position is approximately $43.4 million, with a liquidation price set at $82.84.

[Whale Increases SOL Short Position to $43.4 Million with 20x Leverage, Liquidation Price at $82.84]On June 24, Onchain Lens reported that the whale address '0x913' has further increased its short position in SOL, currently holding 624,680 SOL with a 20x leveraged short position. The value of this position is approximately $43.4 million, with a liquidation price set at $82.84.

Whale Increases SOL Short Position to $43.4 Million with 20x Leverage, Liquidation Price at $82.84

On June 24, according to monitoring by Blockaid, the Yield Yak website experienced a front-end attack. The website's subdomain currently contains elevendrainer code. This attack method is similar to the one previously faced by Gitcoin.

[Yield Yak Website Suffers Front-End Attack]On June 24, according to monitoring by Blockaid, the Yield Yak website experienced a front-end attack. The website's subdomain currently contains elevendrainer code. This attack method is similar to the one previously faced by Gitcoin.

Yield Yak Website Suffers Front-End Attack

On June 24, according to monitoring by OnchainLens, whale address '0x913' has further increased its short position in SOL. It currently holds a 20x leveraged short position of 624,680 SOL, valued at approximately $43.4 million, with a liquidation price of $82.84.

[Whale '0x913' Increases SOL Short Position to $43.4 Million with 20x Leverage, Liquidation Price at $82.84]On June 24, according to monitoring by OnchainLens, whale address '0x913' has further increased its short position in SOL. It currently holds a 20x leveraged short position of 624,680 SOL, valued at approximately $43.4 million, with a liquidation price of $82.84.

Whale '0x913' Increases SOL Short Position to $43.4 Million with 20x Leverage, Liquidation Price at $82.84

火币HTX报道，6月23日,韩国市场存储概念重挫，拖累美股市场存储概念盘前集体大跌。其中，闪迪、美光科技跌超9%，西部数据、慧荣科技跌超8%，希捷科技跌超7%，Rambus跌超6%。

【美股存储概念盘前集体大跌，闪迪、美光科技跌超9%】火币HTX报道，6月23日,韩国市场存储概念重挫，拖累美股市场存储概念盘前集体大跌。其中，闪迪、美光科技跌超9%，西部数据、慧荣科技跌超8%，希捷科技跌超7%，Rambus跌超6%。

美股存储概念盘前集体大跌，闪迪、美光科技跌超9%

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Article

CoinUp Responds to Market Rumors: Zhu Pan is Not the Platform Operator, CPX Price Fluctuations Mainly Due to Market Sell Pressure

Bank of America Raises Intel (INTC.US) Price Target from $135 to $160

美股存储概念盘前集体大跌，闪迪、美光科技跌超9%

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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