A whale transferred 1000 ETH to Binance after a year of hibernation

Data released by the Bank of Korea on Tuesday shows that despite the South Korean stock market rising on the back of tech stocks, foreign investors were net sellers of South Korean stocks for the fifth consecutive month in June. According to the BOK, foreign investors net sold a total of $30.72 billion worth of South Korean stocks and bonds in June, following a net sell of $26.15 billion in May. They have remained net sellers since February. The Bank of Korea noted that concerns over overheating investment in AI infrastructure have dampened investor sentiment, leading to an expansion in foreign investors' net sell volume compared to the previous month. It added that as South Korean equities rose, foreign investors reduced their stock holdings during portfolio rebalancing, further accelerating net capital outflows. (Jinshi)

Morgan Stanley analyst Brian Nowak believes that large tech companies’ capital expenditures (capex) on AI data centers have not yet peaked, and market concerns about a slowdown in AI investment may be premature. The bank raised its capex forecasts for Amazon, Meta, and Google, projecting that AI data center spending by major platforms including Meta, Amazon, Alphabet, Microsoft, and SpaceX will hit around $1.2 trillion in 2027 and rise further to roughly $1.4 trillion in 2028. Morgan Stanley noted that supply chain bottlenecks, surging computing power demand, and higher costs of key components are pushing hyperscalers to accelerate their construction pace. The bank forecasts Meta’s 2028 capex will reach about $250 billion, Amazon’s at roughly $318 billion, and Google’s 2027 capex at approximately $350 billion. Nowak remains bullish on the long-term returns of AI investments for these firms and maintains positive ratings for Meta and Amazon.

South Korean exchanges have implemented a suspension of algorithmic trading for the KOSDAQ. (Jinshi)

According to Bitget data, South Korea's KOSPI index plunged 4.00% intraday to 6534.34 points, with SK Hynix falling more than 7%.

According to Lookonchain’s monitoring, a crypto whale has held Ethereum (ETH) for four years, with an unrealized loss of $23.8 million (a 59% decline). The whale’s address 0xFe99 received 9,389 ETH four years ago when ETH traded at roughly $4,311, worth around $40.47 million at the time, and has not sold any of the holdings since. ETH is now priced at $1,777, bringing the value of those 9,389 ETH to approximately $16.69 million. The whale appears to have finally cut its losses, transferring all 9,389 ETH to Coinbase Prime roughly 10 hours ago.

AI oracle APRO, backed by YZi Labs, announced that Lista DAO has joined its Multi-Oracle Resilience Program (MORE), an initiative designed to eliminate the risk of single oracle attacks and boost price stability across the ecosystem. Under the partnership, APRO will provide Lista DAO with price feed services for Binance bStocks—Binance’s recently launched tokenized US stock products. The new coverage adds six trading pairs: MSFTB, METAB, LITEB, PLTRB, QQQB, SKHYB; existing pairs already listed include SNDKB, MUB, TSLAB, NVDAB, CRCLB, SPCXB, and other assets. APRO currently delivers the most comprehensive and stable price data support in the bStocks space, and will continue to expand integrations with more bStocks products while deepening its engagement in the BNB Chain ecosystem.