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Crypto

Bank of Japan rate decision nears; will bitcoin repeat 22 percent correction nightmare?

With the Bank of Japan set to decide policy on June 16, concern is rising that bitcoin could face another sharp correction. Cointelegraph reported that bitcoin fell about 18 to 28 percent after each BOJ rate hike since 2024, averaging 22.4 percent. Analysts say a repeat is uncertain because market conditions differed each time. Attention is shifting to on-chain signals such as increased whale inflows to Binance and more than $2.5 billion in realized losses.

AI & Enterprise

Goldman Sachs picks South Korea and Taiwan as next big AI investment wave

The next phase of gains from artificial intelligence investment could come from emerging markets rather than the United States, CNBC reported. Tim Urbanowicz, chief investment strategist for the Innovators unit at Goldman Sachs Asset Management, urged investors to look beyond their home markets. He singled out Taiwan and South Korea as key regions for AI infrastructure expansion, citing their weight in emerging market ETFs and arguing their valuation gains have been smaller than those of major U.S. tech stocks.

AI & Enterprise

Zhongji Innolight becomes top-weight stock in CSI300, pushing past CATL

Chinese optical module maker Zhongji Innolight has become the largest-weight constituent of China’s CSI300 index, as investment in AI infrastructure boosts demand for related shares. Its index weighting reached 5 percent, ahead of battery company CATL at 4.1 percent. Technology now accounts for 22 percent of the CSI300, while financials have slipped to 19 percent. The company’s shares have nearly doubled this year.