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Crypto
Chinese AI chip stocks trade first on crypto exchanges as overseas funds seek access
Overseas investors are effectively investing early in Chinese AI semiconductor companies through perpetual futures on cryptocurrency exchanges, an analysis said. With direct access to mainland Chinese equities limited, investors are betting on pre-listing prices via crypto derivatives. Trading has surged ahead of ChangXin Memory Technologies\' planned STAR Market listing. The products allow round-the-clock trading without owning shares and are seen as a way to bypass China’s foreign investment restrictions and perform price discovery before IPO pricing.
Crypto
Bitcoin spot ETFs lose ground as Hyperliquid sees inflows; institutional money moves against the trend
Three Hyperliquid spot exchange-traded funds have recorded net inflows of nearly $172 million about a month after their May launch, while about $5.6 billion left bitcoin spot ETFs over the same period, sharply splitting institutional flows. Hyperliquid’s HYPE token rose more than 73 percent over the past month and hit a record $75.96 on June 16. Market participants cite protocol fee generation, buybacks and USDC-related liquidity as drivers.
Crypto
Bitcoin to KOSPI? Why overseas crypto investors are piling into South Korean stocks
Overseas cryptocurrency investors are increasing trading in products linked to South Korea\'s KOSPI 200, Cryptopolitan reported, citing activity on decentralised derivatives exchange Hyperliquid. Data show about 63 percent of KOSPI 200 positions were profitable, while open interest remained small at $121,000. The report links the shift to the index\'s sharp gains, policy changes including a value-up programme and dividend tax cuts, relatively modest valuations, and high semiconductor weight seen as tied to AI.