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Finance

SpaceX IPO nears; will Korean stocks weather semiconductor volatility

A sharp drop in U.S. semiconductor shares and supply-demand shifts ahead of a SpaceX listing have emerged as key factors for South Korean stocks this week. The KOSPI remains near record highs, but heavy concentration in chips and fatigue after a rapid rise have increased the risk of bigger swings. Investors are watching U.S. inflation data on June 10 and 11 and the SpaceX listing expected on June 12, alongside foreign selling and sector rotation.

Crypto

CryptoQuant founder says bitcoin avoided fall into $20,000 range thanks to Strategy and ETFs

Ju Ki-young (주기영), head of CryptoQuant, said bitcoin could still be trading around $22,000 without buying by Strategy and spot bitcoin exchange-traded funds. He said they absorbed 1.24 million BTC sold by long-term holders over the past two years, though another user said the figure was 2.74 million BTC. U.S. spot bitcoin ETFs posted 13 straight sessions of net outflows through June 3, while institutional holdings fell 17 percent from the prior quarter.

Crypto

Crypto market sentiment hits 'extreme fear' as bitcoin ETFs log 13-day outflow streak

The crypto Fear and Greed Index fell to 12 on June 6, worsening to its lowest level in weeks and signaling “extreme fear.” Bitcoin slipped to $61,100 and declines spread across major cryptocurrencies. Spot bitcoin ETFs recorded net outflows for 13 straight sessions, with about $400 million leaving in a single day, contributing to more than $4 billion in outflows since mid-May. Ethereum and major altcoins also fell.