SPCX has fallen 5% in the past 12 hours, with the average entry price of large on-chain short sellers standing at $169.

Bitget has listed 7 stock spot products including rSCHD (US Dividend Stock ETF), rYUM (Yum! Brands), rASST (Strive), and rDHI (D.R. Horton), covering popular sectors such as finance and consumer goods. It is reported that rTokens, identified by the format of the letter "r" plus the stock ticker (e.g., NVIDIA is rNVDA), are issued by Reality, a licensed RWA (Real-World Assets) protocol under Bitget. Through cooperation with regulated brokerage firm Alpaca, these tokens directly connect to global liquidity pools including the Nasdaq and New York Stock Exchange. Key features include: 1:1 reserve of underlying assets held by licensed custodians, 1:1 distribution of stock dividends in token form, support for synchronous mapping of corporate actions (such as stock splits and consolidations), and the eligibility of holdings as combined margin for unified accounts and USDT-denominated contracts, enabling users to flexibly manage their funds while holding global stock assets.

According to official announcements, decentralized full-asset trading platform Vanta has secured a multi-million dollar seed funding round, led by leading TradFi (Traditional Finance) platform Vantage, with strategic backing from multiple investors including Orderly Co-Founder. Founded by a core executive team formerly from Binance, OKX, and Bitget, Vanta aims to build an on-chain trading platform covering multiple asset classes: crypto assets, stocks, commodities, indices, and forex. On the product front, Vanta has launched Smart Trading and AI trading assistant features to enhance the on-chain trading experience. Its public beta kicked off on June 24, with users participating in trades and activities during the beta period eligible for double points rewards.

Five U.S. Senate Democratic lawmakers, including Elizabeth Warren and Richard Blumenthal, sent a joint letter on June 23 urging multiple Senate committees to hold an immediate hearing on the $500 million investment by UAE officials in Trump family crypto project WLFI, to investigate whether the investment influenced subsequent Trump administration policy decisions toward the UAE. The letter revealed that an agent of an Abu Dhabi royal family member signed an agreement with the Trump family to acquire a 49% stake in WLFI for $500 million, with the deal closing four days before Trump’s inauguration. The foreign buyer paid an upfront $218 million to entities linked to the Trump family and Middle East chief diplomat Steve Witkoff. The transaction was reportedly backed by UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan, with lawmakers calling the move “unprecedented in U.S. political history.” Of greater concern is the policy trajectory following the deal. As outlined in the letter, within months of the agreement, the Trump administration made a series of decisions clearly favorable to the UAE: approving a $1.4 billion arms sale to the country; the Treasury Department launching the “Known Investors Pilot Program,” paving the way for a fast-track CFIUS review long sought by the UAE; and the Commerce Department rolling back Biden-era chip export restrictions, authorizing UAE AI firm G42 to acquire 35,000 Nvidia Blackwell chips in a deal worth over $1 billion. However, U.S. intelligence officials reportedly discovered that G42 had provided U.S. technology to China that could be used to enhance missile capabilities. The senators demanded Trump administration officials “explain under oath when they learned about payments to the president’s family and his top regional diplomat” and outline steps to restore public trust. To date, neither WLFI nor the UAE government has responded to requests for comment on the matter.

According to Saudi Arabia's Al Arabiya TV, Pakistani officials have stated that technical talks between the United States and Iran will resume next week.

Derivatives and quantitative strategist Gordenz Schneider noted in a report published on Smartkarma that the 2x leveraged exchange-traded funds (ETFs) tracking Samsung Electronics and SK Hynix would need to rise roughly 33% to rebound to their June 22 levels, implying a corresponding ~16.5% bounce in the underlying stocks. The report added that both Samsung Electronics and SK Hynix saw double-digit share price drops on Tuesday, dragging the related ETFs down nearly 25%—the Samsung 2x leveraged ETF has fallen 5.4% in total since its launch on May 27. He stated that South Korea’s newly launched single-stock 2x leveraged ETFs can boost returns in trending markets, but they will quickly erode in value amid high market volatility, making them most suitable for short-term tactical momentum investments.

Recently, Japanese semiconductor test equipment giant Advantest (TSE: 6857) and silicon photonic chip firm OpenLight announced a partnership to co-develop high-volume manufacturing test solutions for silicon photonic devices. The backdrop is the ongoing expansion of AI and high-performance computing (HPC) workloads, which is driving data centers to rapidly adopt silicon photonics and co-packaged optics (CPO) technologies, creating a structural bottleneck in high-volume optoelectronic device testing. OpenLight has raised a total of $84 million in funding to date, with its latest Series A-1 round amounting to $50 million. Serenity noted that OpenLight’s ecosystem is continuing to expand, and its public market partner network is already quite comprehensive, covering Jabil (JBL, which partners with SIVE to advance photonic integrated circuit scaling), Marvell (MRVL) and MaxLinear (MXL) for DSP, Tower Semiconductor (TSEM) for wafer foundry services, and TFC Optical (Tianfu Communication, for optical packaging and assembly). Serenity pointed out that while non-accredited investors cannot directly invest in private companies like OpenLight, given the highly interconnected nature of the optical supply chain, they can still gain indirect exposure to the silicon photonics sector’s growth by investing in the aforementioned related public companies. This partnership will put Advantest head-to-head against Teradyne’s Photon 100 in the optoelectronic testing segment, further intensifying competition in the duopoly of the semiconductor automatic test equipment (ATE) market.