News linked to this event type.
Odaily Odaily News BIT (formerly Matrixport) has officially launched its Margin Trading feature and will open public beta on June 26. BIT is the first platform in the crypto industry to offer a margin function. Users can now submit margin applications through the official website or APP. BIT will review applications based on account status and risk management requirements and gradually open margin limits.In addition, features such as securities lending are also in preparation and will be gradually rolled out in accordance with regulatory requirements and product progress.During the public beta, BIT is simultaneously launching the "First Margin Borrow · Limited-Time Zero Interest" and "Interest Cashback Rewards" campaigns. Users who utilize margin for the first time during the event period will enjoy 0% interest on their first loan for 30 days, allowing users to experience the capital efficiency of leverage with zero interest.Elio Cui, Head of the Brokerage Business, stated: “BIT is the first to offer margin functionality, completing the client journey from account opening and trading to capital leverage. This allows BIT clients to enhance investment efficiency and gain early access to the world’s most wealth-generating assets without relying on bank cards or leaving the digital asset ecosystem.”BIT also reminds users that while margin trading improves capital efficiency, it also carries corresponding risks. Users should fully understand the margin rules and risk control mechanisms and participate prudently based on their own risk tolerance.
According to Yonhap News Agency, Lee Chan-jin, Governor of Korea’s Financial Supervisory Service (FSS), stated at a press briefing on June 22 that the launch of single-stock leveraged ETFs tracking Samsung Electronics and SK Hynix had yielded poor results and generated excessive side effects—causing him deep personal regret—and acknowledged that the policy had effectively failed. He pointed out that the extremely high trading turnover rates of these products enabled securities firms to collect massive commissions while delivering no substantive returns to investors; the highest turnover rate approached 200%, allowing securities firms to earn up to 10 trillion Korean won in transaction fees. Meanwhile, he expressed serious concern over the ongoing expansion of leveraged investment in the market and the extreme concentration of trading in semiconductor stocks, emphasizing that the FSS would consult with relevant policy authorities to introduce, in phases, safeguards targeting margin financing. Additionally, regarding Future Asset Securities’ zero-allocation policy for the SpaceX public stock offering, he remarked it was “difficult to understand.” The FSS has launched an on-site inspection of Korea Investment Trust Management Co., Ltd., and will conduct a compliance review of Samsung Asset Management Co., Ltd.
according to official sources, the on-chain trading ecosystem TurboFlow has announced the completion of a $6 million seed funding round, led by Pantera Capital, with strategic participation from quantitative trading giant Susquehanna Crypto (SIG Crypto) and Digital Currency Group (DCG). The funds will be used to integrate perpetual contracts and prediction markets into a high-performance platform, enabling broader access to sophisticated trading products.It is reported that TurboFlow is an on-chain trading ecosystem that combines perpetual contracts and prediction markets, dedicated to providing retail users with professional-grade market infrastructure.
Odaily Seer Prophecy Channel monitoring shows that the Polymarket "Arcium FDV Above $300M One Day After Launch" probability has risen to 93%, up 58% in 24 hours.According to the rules, if the fully diluted valuation of Arcium's officially issued token exceeds the target value at 4:00 PM Eastern Time on the day after its launch, the event will be settled as "Yes"; otherwise, it will be settled as "No."FDV is calculated as the total token supply multiplied by the token price. Only tokens officially issued by Arcium that are publicly tradable are valid. Stablecoins, Meme coins, liquid staking tokens (LSTs), and synthetic assets are excluded from the calculation. If Arcium has not issued a token by 23:59 Eastern Time on December 31, 2027, the event will be settled as "No."Previous news: Binance Futures will list the ARXUSDT perpetual contract.Odaily Seer Prophecy Channel continues to monitor the prediction market, spotting changes before prices are set.
According to official news, Sovra has announced the completion of a $2 million pre-seed funding round, led by Pharsalus Capital.
“New Stock God” Serenity posted on platform X, expressing curiosity about how investors will feel if they miss the AI super cycle.Serenity believes that photonics, memory storage, and Neocloud providers represented by Nebius (NBIS) are all poised to benefit from the development opportunities of the AI super cycle. Meanwhile, Serenity quipped that some investors are still holding IREN, which has “endless $6 billion ATM financing capabilities,” while overlooking potential opportunities within the AI industry chain.
According to The Block, TurboFlow, a Hong Kong-based on-chain trading platform, has raised $6 million in seed funding, led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group. The platform offers prediction markets and perpetual contract trading, positioning itself as a localized platform for Asian users to bridge the gap between underdeveloped regional markets in the Asia-Pacific and institutional-grade liquidity provision.
Reflection AI, a startup building an open-source AI model network, has signed a data center cabinet lease agreement with SpaceX, with a contract scale of $6 billion. Reflection AI is valued at $25 billion. Following agreements with Anthropic and Google, SpaceX signed the contract with Reflection AI, effective from July 1 to the end of 2029, with an expected monthly revenue of $150 million. Both parties can terminate the contract with 90 days' notice after the initial three-month period. Reflection AI, backed by Nvidia, stated that additional computing resources will provide a foundation for building large-scale open-source models. SpaceX has also recently agreed to acquire AI coding company Cursor in a $60 billion all-stock swap transaction.
RBCH, the largest external shareholder of Solana digital asset treasury company Solmate Infrastructure (SLMT), has filed a lawsuit in the New York State Supreme Court against the company's current executives and directors, accusing them of breach of fiduciary duty, misleading statements, and self-dealing.RBCH is associated with Viktor Fischer, founder and CEO of RockawayX, and currently holds approximately 22.74% of the shares in Solmate's parent company, Brera Holdings. The institution led Solmate's $300 million PIPE financing in September 2025 and committed $50 million.The lawsuit alleges that the Solmate board has engaged in multiple actions detrimental to shareholder interests, including selling shares while other investors were still in a lock-up period, signing advisory agreements favoring board-related parties, and directors Ron Sade and Keren Maimon personally purchasing approximately 2.298 million Class B shares at $4.97 per share, resulting in a roughly 20% dilution for shareholders. The plaintiff claims this transaction was illegal.Fischer stated that Solmate's performance has been severely poor, currently trading at approximately a 50% discount to its net asset value, attributing the problem to poor company management and board self-dealing. Solmate currently holds approximately 2 million SOL on its books, and its share price has fallen about 78% year-to-date, making it one of the worst-performing SOL DATs. In comparison, SOL has declined about 50% over the same period.
According to Protos, Goldfinch—a decentralized lending protocol backed by a16z and originally designed to serve Africa’s unbanked population—is now in deep crisis. On-chain data shows that out of the project’s eight borrowers, two have formally defaulted and six have entered debt restructuring, resulting in cumulative losses exceeding $18 million. Depositors lament that their $50 million investment has “gone down the drain.” Its native token, GFI, has plummeted from its January 2022 high of $32.94 to under $0.07—a 99.8% decline—and the project’s market cap has shrunk from a peak of $390 million to less than $6 million. Goldfinch previously extended over $100 million in loans to borrowers across 18 countries—including a Kenyan motorcycle rental company and a Nigerian salary-advance platform—but its core problem lies in the severe lack of off-chain credit assessment. Borrowers frequently misappropriated funds and refused to repay. As default rates climbed, the project quietly abandoned its original focus on African emerging markets and pivoted toward institutional credit funds such as Ares and Apollo—effectively rendering its original inclusive finance vision hollow.
Micron and Anthropic have announced a new agreement, with collaboration scopes covering memory and storage AI architecture design, supply-demand coordination, Micron's internal adoption of Claude, and Micron's strategic investment in Anthropic’s Series H financing round.
According to GlobeNewswire, Upexi, a Solana treasury company listed on Nasdaq, announced that it has entered into a securities purchase agreement to sell approximately 12.2423 million shares of common stock (or equivalent pre-funded warrants) at an offering price of approximately $1.60 per share via a private placement, raising a total of $19.5 million. The new funds will be used to repay existing debt and continue building its strategic SOL asset reserve.
According to Fortune, cryptocurrency trading startup Fomo has announced the completion of a $75 million Series B funding round, led by Index Ventures, with participation from Union Square Ventures, Mark Pincus—co-founder of Zynga—Humam Sakhnini, CEO of Discord, and Kevin Hartz, co-founder of Eventbrite. The company’s valuation stands at $550 million. Fomo was founded in 2025 by Paul Erlanger, Se Yong Park, and Prashan Dharmasena—former members of the dYdX team.
Citrini Research, the institution behind the "AI Doomsday Report," stated that bond issuance by hyperscalers in 2027 to 2028 could be more than double current market expectations, primarily to support the construction of AI data centers.Citrini Research pointed out that AI-related debt issuance is expected to approach $570 billion in 2026, while hyperscalers' capital expenditures have already exceeded $600 billion. Amid the continued push for AI infrastructure development, these companies are gradually shifting from relying on cash reserves to raising more funds through the bond market.
Bitcoin has dropped approximately 40% since Strategy launched its Bitcoin financing instrument, STRC, which has now fallen below its $100 issuance par value. This has sparked market debate over the sustainability of Michael Saylor’s Bitcoin “flywheel” model. Strategy currently holds over 846,000 BTC, but its purchase pace has notably slowed recently. Data shows that during the week ending June 8, the company added 1,550 BTC, worth approximately $101 million. The following week, ending June 15, it added another 1,587 BTC, valued at about $100 million. In contrast, during a single week in April 2026, the firm bought 34,164 BTC for $2.54 billion, indicating a significant decline in its recent capital deployment.Meanwhile, Strategy previously sold 32 BTC to meet dividend obligations. While minimal relative to its total holdings, the market views this as a sign that cash flow pressures could intensify if STRC’s funding efficiency declines. STRC was originally designed as a preferred stock instrument trading near its $100 par value, using dividend adjustments to attract investors and help Strategy raise capital for Bitcoin purchases. STRC has now fallen to historic lows, once dropping to $82.53 before closing at $88.59—roughly 13% below par value.Critics argue that STRC’s dip below par indicates mounting pressure on Strategy’s funding channels. Peter Schiff, a long-time Bitcoin critic, labeled STRC “a typical centralized Ponzi scheme,” claiming the model relies on continuous financing or Bitcoin sales to sustain itself. Crypto trader DonAlt also questioned STRC’s recent performance, describing its trading behavior as resembling a “Ponzi scheme.”However, some analysts believe STRC’s decline is more due to leverage liquidations than a fundamental deterioration of Strategy. STRC had long traded around $99 to $100, attracting leveraged traders. When the price broke below a key level, forced liquidations were triggered, exacerbating the drop.Analyst Scott Melker noted that STRC’s current yield has actually improved due to the discount. Since dividends are calculated based on the $100 liquidation preference, at an STRC price of $90, the 11.5% annualized dividend translates to an actual yield of about 12.8%. If the price falls to $85, the yield could exceed 13%.Strategy is expected to announce its next STRC dividend adjustment by June 30. The market is now focused on whether the STRC discount will persist and whether Strategy’s model of using capital market financing to continuously accumulate BTC can remain stable. (Cointelegraph)
According to Bloomingbit, Ji Man-soo, Senior Research Fellow at the Korea Financial Research Institute, stated that before deciding on the issuing entity for the Korean won stablecoin, policymakers should prioritize reviewing concrete use cases and feasibility. Citing Hong Kong as a reference case, he noted that the Hong Kong Monetary Authority (HKMA) has granted stablecoin issuance licenses to HSBC Hong Kong and AnchorPoint Financial—a joint venture established by Standard Chartered Hong Kong, Animoca Brands, and HKT—covering use cases such as cross-border payments, domestic payments, tokenized asset trading, and supply chain finance, all aligned with broader digital finance strategies including central bank digital currency (CBDC) and tokenized deposits. Ji Man-soo suggested that discussions around the Korean won stablecoin should begin by asking, “Which problems in Korea’s domestic financial and payment systems can it solve?” Concurrently, specific applications for payments, asset tokenization, and trade finance must be designed to ensure the regulatory framework is effectively implemented.
Bitwise CEO Hunter Horsley (@HHorsley) stated that the crypto market is undergoing a cyclical shift similar to the dot-com bubble burst of the 2000s—previously, numerous projects commanded high valuations based on “possibility narratives,” whereas the market is now transitioning toward maturity. Going forward, the number of winners will shrink dramatically; however, those projects that emerge victorious based on verifiable fundamentals will achieve scale and longevity exceeding market expectations.
Odaily, "White-Haired Stock Guru" Serenity posted on X, reviewing his past experiences where his investment views faced skepticism. He stated that many original investment ideas initially face strong opposition, but ultimately the market becomes the standard for judging right and wrong. He has faced significant criticism for being bullish on several companies, for example:$AXTI: Early on, it was questioned as a "scam company," and related discussions even led to a ban from Reddit's WSB forum. However, it later received coverage from Reuters, and the performance of the Indium Phosphide (InP) substrate industry company, along with institutional investor validation, confirmed its logic.$RPI: Initially labeled a "meme stock" by the market, analysts believed it lacked fundamentals. However, earnings reports showed the company's future revenue growth expectation reached 58%, and it was subsequently re-evaluated as a high-growth AI hardware company.$SIVE: Once considered a "meme stock" by numerous investors, it later gained institutional buying support, including attention from Fidelity Research, JPMorgan Chase, and others, and announced partnerships with companies like Jabil and GlobalFoundries.Serenity stated, "The market will ultimately decide what is right or wrong, not the angry comments or posts on X (formerly Twitter)." He added that as each investment thesis gets validated one by one, the eventual market performance overshadows the early noise. He also listed several other cases that were initially doubted but later gained market recognition, including:$AAOI: Near $30, management was questioned as "untrustworthy";$LITE: At $300, the photonics industry was considered to be in a bubble;$RKLB: At $20, it was dismissed as just a low-revenue launch company;$HOOD: At $20, it faced negative sentiment due to the GameStop trading restriction incident;$IQE: Considered just a small UK company lacking partnerships in the photonics field;$SOI: Analysts at a European bank considered its valuation too high;$NBIS: Questioned for having no competitive moat;$INTC: The market thought it couldn't compete with TSMC;$MRVL: The market feared its ASIC market share would be taken by Broadcom;$AEHR: The market misinterpreted its earnings report, thinking the company lacked revenue;$EWY: The market believed the South Korean semiconductor cycle was in a bubble.
Odaily news, Michael Saylor posted on X platform to review Strategy's Bitcoin strategy journey, stating that when he gave the relevant speech in October 2022, the price of Bitcoin was about $20,000, Strategy held 130,000 BTC at the time, valued at approximately $2.6 billion, and the stock MSTR (adjusted for stock split) was priced at around $24.Michael Saylor stated that weeks later, Bitcoin fell below $16,000, and the company's debt once exceeded the total value of its BTC and cash reserves by about $300 million. The MSTR stock price also dropped to around $13 by the end of 2022. Strategy then persisted in executing its Bitcoin strategy, strengthened company operations, and continued to raise funds to invest in BTC. Since 2022, the company has raised over $60 billion in new capital, which was used to purchase Bitcoin, adding more than 716,000 BTC to its holdings.Michael Saylor said that currently, the value of BTC and dollar reserves held by Strategy exceeds the company's debt by approximately $48 billion. He thanked the investors who have long supported the company and stated that the company will continue to adhere to its long-termist strategy in the future.
“White-Haired Stock God” Serenity released his personal investment observations, focusing on valuation and shareholding structure analyses of several technology and semiconductor-related companies. He particularly emphasized net asset value (NAV) discounts and growth momentum. His key views include: 1. Wistron is considered one of his top-conviction holdings. Its current market capitalization stands at approximately USD 16.2 billion; Q1 revenue surged 144% year-on-year. It holds ~35.46% of Wiwynn, with the implied value of this stake amounting to ~0.66x Wistron’s market cap. 2. Wiwynn is viewed as having strong continued growth potential and is among his core monitored assets. 3. Priortech holds ~21% of Camtek; the implied value of this stake is ~1.35x Priortech’s own market cap—indicating a quasi-controlling ownership structure. 4. GlobalWafers exhibits a significant NAV discount (~USD 3.5 billion market cap vs. ~USD 7.9 billion in underlying stake value). 5. Korean-listed companies Iljin Holdings and Simmtech Holdings also show notable NAV discounts; however, Serenity remains cautious regarding corporate governance quality and valuation realization capability in Korean firms. Serenity noted that his analysis remains in the research phase, with no final investment conclusions yet drawn. Nevertheless, he leans toward increasing position concentration in these names further on Monday, underscoring that certain companies possess standalone growth capacity and meaningful NAV re-rating potential.