A crypto whale shorted 22,000 ETH with 25x leverage, worth $35 million.

T. Rowe Price portfolio specialist Amanda Ng noted in a report that the next phase of AI-related investment opportunities may lie further upstream in the supply chain, rather than the highly hyped AI platforms or chipmakers. She pointed out that areas like advanced packaging, semiconductor substrates, and high-end printed circuit boards (PCBs) are growing increasingly critical. While these components account for a relatively small share of the total bill of materials (BOM) required for AI, they could still become key bottlenecks. She also added that even a modest price increase for these products could significantly boost manufacturers' profits while remaining affordable for end customers.

Goldman Sachs strategist Ben Snider expects the AI investment wave will continue to dominate the S&P 500’s second-quarter (Q2) earnings season. He forecasts that S&P 500 constituents will post around 22% year-over-year (YoY) earnings growth in Q2, with Nvidia and Micron likely contributing roughly 40% of the total earnings growth, and AI infrastructure-related stocks accounting for nearly 60%. This means that despite recent rotation and divergence among AI-linked stocks, AI remains one of the most critical growth drivers for U.S. equities from an earnings perspective. Goldman’s assessment also suggests the current bull market is not entirely dependent on valuation expansion: the S&P 500 has climbed nearly 20% over the past year, driven primarily by earnings growth rather than further expansion of price-to-earnings (P/E) multiples. However, the focus of earnings season is shifting. Investors have broadly accepted that hyperscale cloud giants including Microsoft, Amazon, Alphabet, and Meta will continue to make massive capital expenditures. The real question now is whether these outlays will generate sufficient revenue, margins, and cash flow. In other words, the market wants to see not just AI server orders, but AI return on investment.

The global AI boom has pushed Samsung Electronics and SK Hynix’s stock prices to record highs this year, but the rally has also exposed the structural fragility of South Korea’s stock market, which is unaccustomed to sharp volatility. Together, Samsung and SK Hynix now hold a record 60% weighting in South Korea’s KOSPI index, up from around 40% two years ago. Last week, after a sharp market sell-off, regulators twice halted KOSPI trading to stabilize market confidence. Plans to launch large-cap stock options including SK Hynix have been delayed. One key concern is that retail investors are borrowing to buy Samsung and SK Hynix shares, exposing them to margin calls—where brokers demand additional cash if stock prices fall below a certain level. The over-concentration of market risk in these two stocks could also prompt institutional investors to pull back, amplifying downward pressure on share prices. Mathieu Lachet, head of equity research at Julius Baer, said recent market moves serve as an important reminder of concentration risk. When investor positions become crowded, periods of high volatility are to be expected.

According to an official announcement, Upbit will launch AI spot trading.

Tokenization infrastructure firm Securitize announced that following approval of its proposed merger with Cantor Equity Partners II (CEPT), the company is expected to officially list on the New York Stock Exchange (NYSE) for trading starting July 2. In a statement, Securitize noted that shareholders of Cantor Equity Partners II have approved the business combination plan with Securitize, and the transaction is expected to close this Wednesday. "Upon completion of the transaction, the combined company will operate under the name Securitize Corp., and its common stock is slated to list on the NYSE on July 2, 2026, under the ticker symbol 'SECZ'," Securitize said.

According to Hyperinsight’s monitoring, Western Digital (WDC) has rallied sharply in a single day, with its price surging 11.86% over 24 hours on Hyperliquid, currently trading at $654.68. The price rally has exposed on-chain whales to liquidation risks. The so-called "storage short heavyweight", which previously held a full short position of $47.9 million in storage chain-related assets, opened a 10x-leverage short position yesterday at an average price of $642.35. Its current position value is approximately $6.71 million, with a liquidation line at $673.41—just 2.9% away from the current price. Currently, total large short positions across the market stand at around $6.7 million, 2.66 times the long positions ($2.5 million). The average price of long positions is roughly $645.22, while that of short positions is about $642.35. On the news front, Melius Research initiated coverage on Western Digital (WDC.US) with a "Buy" rating and a $1,050 price target; Cantor Fitzgerald maintained a "Buy" rating and raised its price target to $900, paired with the company’s recent quarterly revenue exceeding expectations, growing 45% year-over-year. - HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as an admin (enable message sending permission is required), and it will automatically sync on-chain news.