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On June 23, according to HTX market data, ETH has fallen below $1700, currently priced at $1699.01, with a 24-hour decline of 2.22%.

[Ethereum Falls Below $1700]On June 23, according to HTX market data, ETH has fallen below $1700, currently priced at $1699.01, with a 24-hour decline of 2.22%.

Ethereum Falls Below $1700

On June 23, US stock futures fell on Tuesday due to a sell-off in major tech stocks, which also affected Asian AI-related stocks. Investors are awaiting further developments in US-Iran negotiations. Asian tech sectors faced significant setbacks on Tuesday, ending an eight-day rally, with stock markets in Japan and South Korea experiencing a collective pullback, and South Korean stocks plunging nearly 10%. Currently, large tech stocks are exhibiting synchronized volatility, with Alphabet showing weakness and SpaceX declining as the IPO frenzy subsides. Market sentiment is gradually shifting towards caution regarding other leading tech stocks. This change starkly contrasts with last year when nearly all AI-related companies were viewed as 'gold mines,' and any mention of AI attracted market enthusiasm. However, the market is now entering a verification phase where investors demand that large investments in AI infrastructure yield actual returns. This is particularly evident in companies like SpaceX, which has negative cash flow yet raised $75 billion from its IPO. This shift has kept market sentiment tense, with this week's focus turning to Micron Technology's earnings call. 'Many investors hold AI stocks and have made substantial gains; any volatility could prompt them to reduce their positions to lock in profits,' said Jian Shi Cortesi, a fund manager at GAM Investment Management. 'Currently, tech stocks are particularly sensitive to interest rate prospects and potential rate hikes by the Federal Reserve.'

[US Stock Futures Plummet as Major Tech Stocks Lead Decline]On June 23, US stock futures fell on Tuesday due to a sell-off in major tech stocks, which also affected Asian AI-related stocks. Investors are awaiting further developments in US-Iran negotiations. Asian tech sectors faced significant setbacks on Tuesday, ending an eight-day rally, with stock markets in Japan and South Korea experiencing a collective pullback, and South Korean stocks plunging nearly 10%. Currently, large tech stocks are exhibiting synchronized volatility, with Alphabet showing weakness and SpaceX declining as the IPO frenzy subsides. Market sentiment is gradually shifting towards caution regarding other leading tech stocks. This change starkly contrasts with last year when nearly all AI-related companies were viewed as 'gold mines,' and any mention of AI attracted market enthusiasm. However, the market is now entering a verification phase where investors demand that large investments in AI infrastructure yield actual returns. This is particularly evident in companies like SpaceX, which has negative cash flow yet raised $75 billion from its IPO. This shift has kept market sentiment tense, with this week's focus turning to Micron Technology's earnings call. 'Many investors hold AI stocks and have made substantial gains; any volatility could prompt them to reduce their positions to lock in profits,' said Jian Shi Cortesi, a fund manager at GAM Investment Management. 'Currently, tech stocks are particularly sensitive to interest rate prospects and potential rate hikes by the Federal Reserve.'

US Stock Futures Plummet as Major Tech Stocks Lead Decline

On June 23, WTI crude oil fell by 2% during the day, currently priced at $73.19 per barrel. Brent crude oil decreased by 1.9%, currently priced at $76.22 per barrel.

[U.S. and Brent Crude Oil Prices Decline, WTI Oil Drops 2% in a Day]On June 23, WTI crude oil fell by 2% during the day, currently priced at $73.19 per barrel. Brent crude oil decreased by 1.9%, currently priced at $76.22 per barrel.

U.S. and Brent Crude Oil Prices Decline, WTI Oil Drops 2% in a Day

On June 23, ByteDance CEO Liang Rubo stated that in recent years, the company has been continuously narrowing its business scope, concentrating its efforts on the field of artificial intelligence (AI), and further focusing on enhancing model capabilities within AI. At the Volcano Engine Force Conference, Liang claimed that the impact of AI is at least comparable to the three major IT revolutions of PC, Web, and Mobile, with corporate attention shifting from 'whether to do AI' to 'how to do AI.' Volcano Engine is ByteDance's cloud and AI service platform. He revealed that the company has set 'Dare to Scale New Heights' as its annual keyword, with the goal of reaching the pinnacle of the AI era and enhancing large model technical capabilities as its most important task at present. The primary measure to achieve this goal is focus. In recent years, ByteDance has consistently concentrated its efforts on the AI field and further focused on enhancing model capabilities within AI. Under this strategy, the Volcano Engine MaaS business has risen to become ByteDance's core business, and the company will make long-term and firm investments in this area. In addition to focus, Liang pointed out that the upcoming new version of the Seedance video generation model will feature the industry's first 3D white model preview function, inspired by a suggestion from a well-known director, reflecting the practice of climbing the AI peak together.

[ByteDance Continues to Narrow Business Focus on AI]On June 23, ByteDance CEO Liang Rubo stated that in recent years, the company has been continuously narrowing its business scope, concentrating its efforts on the field of artificial intelligence (AI), and further focusing on enhancing model capabilities within AI. At the Volcano Engine Force Conference, Liang claimed that the impact of AI is at least comparable to the three major IT revolutions of PC, Web, and Mobile, with corporate attention shifting from 'whether to do AI' to 'how to do AI.' Volcano Engine is ByteDance's cloud and AI service platform. He revealed that the company has set 'Dare to Scale New Heights' as its annual keyword, with the goal of reaching the pinnacle of the AI era and enhancing large model technical capabilities as its most important task at present. The primary measure to achieve this goal is focus. In recent years, ByteDance has consistently concentrated its efforts on the AI field and further focused on enhancing model capabilities within AI. Under this strategy, the Volcano Engine MaaS business has risen to become ByteDance's core business, and the company will make long-term and firm investments in this area. In addition to focus, Liang pointed out that the upcoming new version of the Seedance video generation model will feature the industry's first 3D white model preview function, inspired by a suggestion from a well-known director, reflecting the practice of climbing the AI peak together.

ByteDance Continues to Narrow Business Focus on AI

On June 23, the self-custody financial platform SecondFi tweeted that it has identified security issues affecting a small number of Cardano wallets. The issue has been contained, and affected functionalities have been suspended. To protect users, SecondFi has temporarily entered maintenance mode, pausing all front-end interactions, and users are currently unable to conduct transactions. The team is working diligently to restore platform functionality.

[SecondFi: Identifies Security Issues Affecting a Small Number of Cardano Wallets, Enters Maintenance Mode]On June 23, the self-custody financial platform SecondFi tweeted that it has identified security issues affecting a small number of Cardano wallets. The issue has been contained, and affected functionalities have been suspended. To protect users, SecondFi has temporarily entered maintenance mode, pausing all front-end interactions, and users are currently unable to conduct transactions. The team is working diligently to restore platform functionality.

SecondFi: Identifies Security Issues Affecting a Small Number of Cardano Wallets, Enters Maintenance Mode

On June 23, this month, the Israeli stock market and currency have become the worst-performing assets globally. The Israeli benchmark index TA-35 has plummeted over 12% in USD terms this month, marking the largest decline among major global stock indices. In percentage terms, the sell-off in June is set to be the most severe month since October 2023, when Hamas launched attacks on Israel, triggering a devastating war in Gaza. This nearly three-year-long intense regional conflict had previously led to a significant rise in Israeli assets, as investors bet on Israel achieving a safer situation that would drive economic growth. From November 2023 to the beginning of this month, the shekel appreciated by 42% against the dollar, making it the best-performing currency globally. The Israeli stock market nearly quadrupled, outperforming the South Korean KOSPI index, and ranked second globally only to Ghana. However, these gains are now narrowing. Since negotiations began between Iran and the U.S., the Israeli shekel has fallen about 5% against the dollar so far in June, marking the largest decline among global currencies. One of Israel's largest banks, Bank Hapoalim, stated that the agreements being reached between the U.S. and Iran are perceived by local investors as failing to improve Israel's long-term security situation. Notably, it has fallen far short of the high expectations formed during the early stages of military operations against Iran.

[Israeli Assets Plummet as Years of War Gains Fade with Peace Talks Expectations]On June 23, this month, the Israeli stock market and currency have become the worst-performing assets globally. The Israeli benchmark index TA-35 has plummeted over 12% in USD terms this month, marking the largest decline among major global stock indices. In percentage terms, the sell-off in June is set to be the most severe month since October 2023, when Hamas launched attacks on Israel, triggering a devastating war in Gaza. This nearly three-year-long intense regional conflict had previously led to a significant rise in Israeli assets, as investors bet on Israel achieving a safer situation that would drive economic growth. From November 2023 to the beginning of this month, the shekel appreciated by 42% against the dollar, making it the best-performing currency globally. The Israeli stock market nearly quadrupled, outperforming the South Korean KOSPI index, and ranked second globally only to Ghana. However, these gains are now narrowing. Since negotiations began between Iran and the U.S., the Israeli shekel has fallen about 5% against the dollar so far in June, marking the largest decline among global currencies. One of Israel's largest banks, Bank Hapoalim, stated that the agreements being reached between the U.S. and Iran are perceived by local investors as failing to improve Israel's long-term security situation. Notably, it has fallen far short of the high expectations formed during the early stages of military operations against Iran.

Israeli Assets Plummet as Years of War Gains Fade with Peace Talks Expectations

WTI crude oil has fallen 2% during the day, currently priced at $73.19 per barrel. Brent crude oil is down 1.9%, currently priced at $76.22 per barrel.

[WTI Crude Oil Falls 2% During the Day]WTI crude oil has fallen 2% during the day, currently priced at $73.19 per barrel. Brent crude oil is down 1.9%, currently priced at $76.22 per barrel.

WTI Crude Oil Falls 2% During the Day

On June 23, investors intensified their sell-off of leading chip stocks, raising concerns that the recent rally had become overstretched. The Japanese stock market fell sharply today, with the Nikkei 225 index closing down 3.55% at 69,788.38 points, marking the largest single-day decline since June 8.

[Japanese Stocks Drop 3.55%]On June 23, investors intensified their sell-off of leading chip stocks, raising concerns that the recent rally had become overstretched. The Japanese stock market fell sharply today, with the Nikkei 225 index closing down 3.55% at 69,788.38 points, marking the largest single-day decline since June 8.

Japanese Stocks Drop 3.55%

On June 23, investors intensified their sell-off of leading chip stocks, raising concerns that the recent rally had become overstretched. The Korean stock market experienced a significant decline today, with the KOSPI closing down 9.99% at 8204.06 points, marking the largest single-day drop since March 4 of this year. Samsung Electronics, SK Hynix, and Hyundai Motor all fell by more than 12%.

[Korean Stocks Drop Nearly 10%, Largest Single-Day Decline Since March 4]On June 23, investors intensified their sell-off of leading chip stocks, raising concerns that the recent rally had become overstretched. The Korean stock market experienced a significant decline today, with the KOSPI closing down 9.99% at 8204.06 points, marking the largest single-day drop since March 4 of this year. Samsung Electronics, SK Hynix, and Hyundai Motor all fell by more than 12%.

Korean Stocks Drop Nearly 10%, Largest Single-Day Decline Since March 4

On June 23, Google DeepMind announced a research partnership with A24.

[Google DeepMind Announces Research Partnership with A24]On June 23, Google DeepMind announced a research partnership with A24.

Google DeepMind Announces Research Partnership with A24

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Article

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