Serenity: Mizuho Research Confirms No Delay in CPO and 800V DC Deployment, Recent Sell-off in Related Sectors Just a Misunderstanding
June 17 — Serenity, sharing Mizuho Securities’ latest research note, called the recent sharp sell-off in CPO (Co-Packaged Optics) concept stocks an entirely unwarranted overreaction.
Mizuho’s report dismisses market concerns over CPO mass production delays and slow 800V DC data center deployment as unfounded. Both tech pathways are on track, with mass production still targeted for 2028–2029. Fueled by rising demand for Nvidia’s 3.2T Spectrum-X CPO switch in 2027, Mizuho has upped its Optical Engine (OE) shipment projections.
On the technological front, Mizuho identifies InP DFB lasers as CPO’s long-term mainstream standard, specifically naming $SIVE as a related beneficiary. VCSEL and microLED have not been sufficiently validated for short-distance intra-rack and chip-to-chip use cases above 1.6T, making them unlikely to become mainstream alternatives in the near term. For 800VDC data centers, incremental shipments are set to launch in 2027, with penetration rates rising further
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Reuters: Binance's EU license application set to be rejected by Greek regulator, may lose EU services in July
June 17: Binance’s MiCA license application to Greek regulators is reportedly set to be rejected, per people with knowledge of the matter. If finalized, this would mean Binance could lose its legal operating status across all 27 EU member states as early as July, leaving EU users’ accounts in a state of uncertainty.
Under the EU’s Markets in Crypto-Assets (MiCA) rules, crypto firms are required to secure a license from a national regulator by the end of June — a document that acts as a “passport” allowing them to operate anywhere in the bloc. Binance selected Greece as its European regulatory base earlier this year. In February, Binance co-CEO Richard Teng publicly noted that Greece’s workforce and safety environment outperformed other European financial hubs. Still, the Hellenic Capital Markets Commission (HCMC) declined to comment on Binance’s application, citing confidentiality rules.
Binance says it has been collaborating with regulators for over 18 months, adding that it believe
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Suspected Bitmine Address Acquires an Additional 20,000 ETH, Worth $35.86 Million
June 17. Per OnchainLens monitoring, a newly created wallet address has received 20,000 ETH tokens worth $35.86 million from FalconX, and this address is likely associated with Bitmine.
Address: 0xE9fCE031b15B3B8e2E357c8a7daDeBDA8C60B6C9
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Garret Jin Sells Over 180,000 HYPE Tokens, Profits $2.83 Million
On June 17th, per OnchainLens monitoring, "BTC OG Insider Whale" Garret Jin sold all 184,102 HYPE at $73.58 each, converting the proceeds to $13.54 million in USDC and pocketing a $2.83 million profit.
His address continues to hold a 5x long position in Bitcoin (BTC) with an unrealized $13.2 million loss, plus a 2x long Zcash (ZEC) position that carries an unrealized $3.29 million gain.
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Asian Stock Markets Open Lower, Samsung Electronics Drops 3%
According to Bitget market data, as of June 17, the Nikkei 225 Index opened lower today, falling 381.75 points, or 0.55%, to 69,022.75 points. The South Korean KOSPI Index opened with a 106.53-point decline, or 1.22%, at 8,620.07 points, and Samsung Electronics slid 3%.
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The RWA Tokenization Market Size Surpasses $43 Billion, Institutions Accelerate On-Chain Asset Migration
June 17 — The global real-world asset (RWA) tokenization market has surpassed $430 billion, with roughly a 37% expansion over the past 180 days, signaling growing institutional capital inflows into blockchain infrastructure.
This growth unfolds against a backdrop of a relatively weak broader crypto market, per the report. The rise in on-chain financial assets is driven by the tokenization of traditional financial products, covering asset classes including funds, private credit, commodities, and stocks.
In the current market structure, tokenized funds dominate, making up around 80% of total market value; commodity assets account for 16.6%, while tokenized stocks represent approximately 3.8%. By chain distribution, Ethereum remains the core underlying network at 57.8%, with BNB Chain, zkSync Era, XRP Ledger, and Stellar steadily gaining market share.
On the issuer side, Sky leads with a market size of roughly $61 billion, followed by Securitize and Ondo Finance, each with around $36 b
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