Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

On June 10, crypto analytics outlet Ashes Monitor reported that a single address withdrew 8 million STG tokens from the exchange Gate.io, a transaction valued at roughly $2.2 million. This move sent STG’s price surging by over 40%. Notably, following STG’s integration with ZRO, holders can only convert STG to ZRO on a one-way basis at a fixed exchange rate: 1 STG = 0.08634 ZRO. ZRO currently holds steady at $0.84 with no price fluctuation. Calculating from this exchange rate, STG’s implied value should be around $0.07. However, STG is now trading on the open market at $0.36, a significant premium to its theoretical conversion value.

June 10 – The Chicago Mercantile Exchange Group (CME Group), one of the world’s leading derivatives trading venues, officially announced the launch of the Nasdaq CME Crypto Index Futures today. These futures contracts are cash-settled, with their final payout linked directly to the value of the Nasdaq CME Crypto Price Index at expiration. The index tracks the performance of cryptocurrencies ranked by the largest market capitalization and highest trading activity. As of press time, the index’s constituent digital assets include Bitcoin, Bitcoin Cash (BCH), Ethereum, Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), and Stellar Lumens (XLM).

June 10, According to monitoring by HyperInsight (via their Telegram channel: https://t.me/HyperInsight), a broad sell-off in the U.S. stock market last night prompted Hyperliquid platform trader yixie (X: @yixie10) to support bottom levels by adding long positions in Micron Technology (MU). The trader finalized bottom fishing for these MU longs at an average price of $878.8, holding 8,949 shares with 2x leverage, equaling approximately $8.07 million in notional value. Separately, this address maintains a 2x leveraged long position in SK Hynix (ticker: SKHYNIX), valued at $4.09 million, opened two days ago at an average entry price of $1,239.9. As of press time, fueled by today’s market rebound, the combined unrealized profit across both positions reaches $623,000. Wallet Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b

On June 10th, crypto Key Opinion Leader (KOL) Ansem cautioned that upcoming consumer price index (CPI) data, next week’s first Federal Open Market Committee (FOMC) meeting chaired by Jerome Powell, along with the dot plot, combined with the stock market’s persistent strength and summer seasonal factors, may spark risk-off market sentiment and establish a bottom over the coming months. Ansem further noted that at present, there is no capital rotation from tech stocks to Bitcoin (BTC) or Ethereum (ETH), specifically pointing out that MicroStrategy (MSTR) stock is extremely weak with insufficient support levels below current trading levels. Earlier this morning, Ansem announced that he has shorted ETH at $1,640, plans to scale up his short position in the $1,680–$1,700 range, and has set a stop-loss order at $1,735.

June 10 — According to Bitget data, South Korea’s KOSPI index plunged 4% during intraday trading, and is now at 7772.66 points. Key South Korean heavyweight stocks Samsung and SK Hynix both dropped more than 5%.

On June 10, Goldman Sachs’ latest research report stated that the boom in AI server and edge AI/physical AI infrastructure will propel Japan’s electronic components and semiconductor industry into one of the largest and longest market cycles in history. At this still-early stage, the sector’s profits, CROCI, and ROE are expected to exceed historical peaks across the board. The report significantly raised price targets for five Japanese listed companies: Ibiden, Murata Manufacturing, Taiyo Yuden, Renesas Electronics, and Rohm Semiconductor. It emphasized that the market is shifting its focus from AI infrastructure to device proliferation, and Japan’s core suppliers are poised to gain significant benefits.