Sonic Labs: Fantom Opera Network to Operate Through at Least End of Year, Announces New Management Arrangements

According to Bitget market data, South Korea’s KOSPI index rebounded in the afternoon, currently rising more than 2.7%. Samsung Electronics gained 7.8%, SK Hynix turned positive with an increase of over 1.9%, while the Hong Kong-listed Nanfang Double Leveraged Hynix Bull rose 2.8%.

According to Hyperinsight monitoring, as of press time, SPCX’s 24-hour trading volume on Hyperliquid stands at approximately $932 million, with a 12-hour decline of around 5.08%, currently priced at $155. On the news front, SpaceX’s recent narrative has revolved around its AI company positioning, new contracts, and its first U.S. bond issuance. The latest update is that its bond offering drew $89 billion in subscriptions. On Hyperliquid, SPCX’s positions of $1 million or more remain net-short, but as some short sellers take profits and new bottom-fishing whales enter the market, the short position size has fallen to $42.24 million, while long positions have risen to $31.57 million, putting shorts at roughly 1.34 times longs. The moving average for large short positions is currently around $169.2, with the latest liquidation line at $164. Notably, the largest short whale holding SPCX holds a 3x short position, opened approximately seven days ago. Its current position value is around $18.54 million, average entry price ~$167.41, liquidation price ~$208.88, and unrealized profit of ~$1.47 million. Address: 0xfc27136e42af1732ddc9ce2605ea9bff1b959d9d

Analyst Murphy noted that Bitcoin will hold strong support near $60,000 around the June 26 (this Friday) options expiration, making it unlikely to drop below this level easily. On the corresponding Gamma chart, the $59,000–$62,000 range shows significant positive Gamma; market makers’ hedging activities will suppress volatility, anchoring prices in this zone. Meanwhile, put option positions totaling 4,620 BTC have accumulated at the $60,000 strike price, forming a robust put wall that generates massive buying power to provide solid support when prices approach this level. Historically, similar option structures have mostly aligned with interim bottoms or the conclusion of pullbacks. Analyst Murphy considers $60,000 still a strong short-term support level, taking a cautiously optimistic stance on Bitcoin’s near-term performance.

Bank of America released a report noting that AI-driven demand visibility for the semiconductor industry has extended to 2028, and it has lifted its forecast for the global semiconductor market size to $2.7 trillion by 2030. The report projects that the supply-demand ratio of DRAM and NAND will stay above 110% through 2028, with no material risk of substantial oversupply. The HBM market is expected to grow from roughly $35 billion in 2025 to around $246 billion by 2030. Meanwhile, semiconductor equipment (wafer front-end, WFE) spending is forecast to hit $250 billion by 2028, a 23% upward adjustment from prior projections. Based on these findings, Bank of America raised its price target for Micron Technology from $950 to $1500.

Macquarie projects the gold price will reach $4,450 per ounce in the third quarter, a 3.3% reduction from its previous forecast; it sees the fourth-quarter gold price at $4,300 per ounce, down 2.3%.

Sources: Qualcomm (QCOM.O) is in talks with ByteDance to provide custom chip design services.