Ethereum Surges Above $4600

According to Bitget market data, the Nikkei 225 index closed up 784.53 points on Thursday, August 13, a 1.16% gain, to 68,308.59 points. South Korea’s KOSPI index closed up 210.97 points on the same day, a 3.21% rise, ending at 6,790.01 points. SK Hynix rose 5.9% and Samsung Electronics gained 3.9%.

The three major A-share indices pulled back in the afternoon session, with the Shanghai Composite Index and Shenzhen Component Index turning negative, while the ChiNext Index’s gains narrowed to 0.58%.

According to Bitget market data, Hong Kong-listed Lenovo Group continued to rally in the afternoon session, surging over 20%. Earlier, Lenovo released its financial results at noon: adjusted net profit attributable to equity holders rose 176% year-on-year in the first fiscal quarter, while AI-related business revenue increased 60% YoY to 63.4 billion yuan, hitting a record high. Citigroup analysts including Kyna Wong noted in a report that the results significantly exceeded expectations across the board, further reinforcing the AI-driven structural growth thesis.

According to News1, South Korea’s Mirae Asset Group will inject 50 billion won (approximately $36 million) into crypto exchange Korbit via a third-party private placement capital increase. The round will issue around 10.0786 million new common shares priced at 4,961 won each, all allocated to majority shareholder Mirae Asset Group, which currently holds a 97.15% stake. The payment deadline is August 27, with the funds earmarked mainly for improving Korbit’s financial structure and operating capital. Earlier, Mirae Asset Consulting, a non-financial subsidiary of Mirae Asset Group, announced it had acquired a 91.73% stake in South Korean crypto exchange Korbit on July 22, with plans to purchase the remaining 5.42% stake on July 24. The transaction will bring Mirae Asset Group’s total holding in Korbit to 97.15%, with the full acquisition valued at approximately 141.367 billion won (around $102 million).

According to on-chain analyst Ai Yi (@ai_9684xtpa), the hacker group Lazarus Group is making large-scale BTC transfers: 2 hours ago, it moved 262.2 BTC to a new address, worth $16.64 million, likely intending to launder the funds; currently, the group still holds over $73.06 million in on-chain assets, primarily in BTC, USDT and ETH.

SpaceX’s shares surged 9.7% on Wednesday, closing at roughly $146.15, bringing its rally to about 40% from the low hit on August 3. Analysts cited factors driving the rebound, including Elon Musk’s emphasis on the company’s AI strategy, the launch of its latest Grok 4.6 model, and a large exodus of short-selling capital earlier. Per data from S3 Partners, as of Wednesday, SpaceX’s short positions accounted for around 11% of its publicly traded shares, down sharply from the 34% peak last week. Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, noted: “Short-selling funds have run out of ammunition. After all, there is a limit to how much capital can be deployed in a single trade.” As shares rebounded, some short sellers have started covering their positions. Short sellers must repurchase shares they had borrowed and sold to close out their positions, and this buying pressure could further amplify the rally. It is worth noting that, per the company’s prospectus, around 319 million shares are expected to become tradable on August 20, with nearly 700 million shares each facing lock-up expirations in September and October respectively. SPCX may see renewed stock price volatility around those dates.