Xiaohongshu is planning to IPO in Hong Kong, with a valuation expected to exceed $70 billion, potentially becoming one of the largest consumer internet IPOs of the year.

According to Iran’s Tasnim News Agency, on June 17, Iran’s Armed Forces Command issued a stern warning over Israel’s breach of the Lebanon Ceasefire Agreement. (Forex)

On June 17, Hyperinsight Monitoring (Telegram: @HyperInsight) reported that South Korea’s stock market stabilized after reversing an intraday decline. SK Hynix saw a sharp unilateral reversal, jumping over 9.7% from its intraday low to a peak daily gain of 4.6%. Currently on Hyperliquid, SKHYNIX trades at $1,660, just 1.69% below its all-time high (ATH). Renowned trader yixie (Telegram: @yixie10), who has notched multiple profitable trades in the semiconductor storage sector, went long SKHYNIX at the market bottom nine days ago. His position now holds $1.25 million in floating profit, representing a ~68% return, with an entry price of $1,239.9 and a total position size of around $4.94 million. Last week, amid a broad sell-off in U.S. stocks, yixie bottom-fished Micron Technology (MU) when MU traded at $878.8. Over the past week, this long position has accrued ~$245,000 in floating profit, a ~45% return, with MU now trading at $1,066. Wallet address: 0xa65ce1d604fa901c13aa29f2126a57d

June 17 – According to Bitget market data, South Korea’s KOSPI index gained 0.83% intraday, while Samsung Electronics surged 4.62% during the same trading session.

U.S. stock index futures were higher on June 17, according to market data, with S&P 500 index futures rising 0.3% and Nasdaq index futures advancing 0.6%.

June 17 (Bloomberg) — Prediction market platform Kalshi plans to expand its perpetual contract business beyond digital assets, co-founder Tarek Mansour announced. The company is in discussions with regulators to add contract options for additional asset classes. Launched just two weeks ago, Kalshi’s perpetual contract product has already generated over $5.5 billion in total trading volume. To date, the platform offers 11 perpetual contracts, all tied to cryptocurrencies.

June 17 update, via Hyperinsight’s Telegram monitoring (https://t.me/HyperInsight): Since early June 12, when Trump scrapped the planned strike on Iran and explicitly announced arrangements to sign a peace deal, WTI crude oil has pulled back 15.8% from its recent high. Recently, as details of the U.S.-Iran agreement emerge and market expectations rise for a reopening of the Strait of Hormuz, WTI crude dipped below $75 today. WTIOIL on Hyperliquid is currently trading at $74.92; since the official start of the U.S.-Iran war on February 28, oil prices have retraced 87.7% of their earlier gains. A Hyperliquid whale opened a short position on June 12, shorting 42,139 WTIOIL contracts with 20x leverage, for a total position value of roughly $31.57 million. This position now holds an unrealized profit of $3.45 million, translating to a ~200% return. The average entry price was $83.10, making this the largest WTIOIL short position on the platform. Wallet Address: 0x9e8b1e51c642f4c8b87c6ba1