Bank of Korea: Uncertainties remain regarding the semiconductor industry, developments in the Middle East situation, and changes in the trade environment.

According to Hyperinsight monitoring, yesterday midday, a whale with an address starting with 0x8af chased to build a long position in SK Hynix (SKHX) when the stock rebounded to around $1,440. The whale opened a total of 301 long orders in a short period, trading 6,008 contracts at an average price of approximately $1,440, with a total position size of about $8.6516 million. The entry price was roughly $1,439.91, precisely at the highest tier of this rebound. SKHX subsequently plunged sharply; as of press time, it is trading at around $1,237, down roughly 14% from the whale’s cost line. Focusing solely on the SKHX long position, the address currently holds a 10x full position, with its nominal size reduced to approximately $7.453 million, an unrealized loss of ~$1.199 million, and a return rate of -138.6%.

Bank of Korea Governor Hyun Song Shin announced that the central bank will raise the interest rate on its special loan program.

According to official announcements, Coinbase has announced it will add support for perpetual contracts on the Roundhill Memory ETF (DRAM) and Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL).

Market research firm Citrini Research’s latest forecast indicates that by 2030, the global DRAM market will still face a massive supply gap, estimated at 28.7 EB, accounting for roughly 18% of total demand that year—compared to this year’s global total production capacity of around 40 EB. According to data from Citrini researcher Zephyr, global DRAM (including HBM) demand is projected to hit 157.5 EB in 2030, while supply capacity will only reach approximately 128.8 EB. General-purpose DRAM will be the biggest bottleneck: its annual supply is estimated at 91 EB, but demand stands at 120 EB, with the gap ratio expected to widen from the current 18% to around 25%. The report stresses that even as Samsung, SK Hynix, Micron, and Chinese manufacturers continue to expand production, new capacity may be quickly absorbed by surging AI demand. The core driver of the supply-demand imbalance is the boom in AI infrastructure: large model training and inference, plus HBM becoming a core component of AI accelerators, have jointly pushed up demand for traditional server DRAM. In a tight balance scenario, DRAM’s average selling price (ASP) is likely to stay high long-term, projected at $1.5–$2 per Gb, with memory costs for servers, PCs, and consumer electronics continuing to face pressure.

Bank of America (BofA) says the U.S. stock market is showing another signal similar to that during the dot-com bubble era. On Tuesday, the bank noted the market faces a new "shock risk" due to a concerning divergence in recent trading: individual stock volatility is rising, while overall market index volatility remains relatively stable, even as capital continues rotating within tech stocks. A June report from the Chicago Board Options Exchange (CBOE) shows the gap between the S&P 500 Individual Equity Volatility Index (VIXEQ) and the VIX volatility index has widened to an all-time high. VIXEQ measures volatility of individual S&P 500 stocks, while the VIX is widely regarded as the "fear index" for overall market volatility. As of Tuesday, VIXEQ stood at around 50 points, up roughly 46% year-to-date; by contrast, the VIX was at about 16 points, with a year-to-date gain of only ~13%. BofA’s Global Equity Derivatives Research Team stated a similar divergence occurred just before the dot-com bubble burst. Currently, the team’s tracked individual stock realized volatility metric has rebounded to levels seen before that bubble’s collapse. The analysts wrote: "The gap between individual stock and index volatility is approaching the extreme levels of the dot-com bubble. The market’s shock risk is real." They pointed out that index volatility remains low, fueling the continued widening of this historic divergence. If in the future, not only stock prices rise but valuations also further enter bubble territory, this divergence could even exceed the dot-com era’s extreme levels. Additionally, BofA warned U.S. stocks are entering a seasonally weak period. Historical data shows May through October is typically the six weakest months for U.S. equities annually.

According to on-chain analyst Ai Yi (handle @ai_9684xtpa), a crypto whale withdrew 50 WBTC from Binance 8 hours ago. The whale’s holdings now stand at 49,407 ETH and 300 WBTC, with a total value exceeding $103 million.