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Crypto

SpaceX, Anthropic and OpenAI IPO wave raises questions over bitcoin fund flows

OpenAI has filed confidential IPO paperwork with the U.S. SEC targeting a September listing, putting bitcoin on what the article calls Wall Street’s liquidity test. Markets are watching whether funding needs for mega IPOs such as SpaceX, OpenAI and Anthropic overlap with institutional money that has flowed into spot bitcoin ETFs. Recent price moves and ETF outflows have favored AI and semiconductor stocks, though the IPO wave may also signal revived risk appetite that could benefit bitcoin.

Finance

Black Monday on semiconductor shock as KOSPI, Kosdaq trigger trading halts

South Korean shares plunged on June 8 as rate worries after strong U.S. jobs data, weakness in semiconductor stocks and Middle East risks hit sentiment. The KOSPI closed down 8.29 percent at 7,484.41 and the Kosdaq fell 9.08 percent to 911.39. Both markets triggered sell-side sidecars and circuit breakers during the session. Individuals were net buyers in the KOSPI, while foreigners extended a selling streak.

Finance

KOSPI slumps more than 8 percent at open, breaks below 8,000 on semiconductor shock

South Korea\'s KOSPI fell more than 8 percent in early trade, breaking below 8,000 as a slide in U.S. semiconductor shares and a rise in the won-dollar exchange rate weighed on sentiment. Samsung Electronics and SK Hynix dropped below 300,000 won and 2,000,000 won, respectively. A circuit breaker was triggered on the main board, while a sell-sidecar was activated on the KOSDAQ.