Korean Stocks Open High and Close Higher, Continuing to Hit All-Time Highs

On May 6, official sources confirm that institutional crypto broker FalconX has announced a partnership with prediction market platform Kalshi. FalconX has integrated its prime brokerage and derivatives capabilities with Kalshi’s compliant trading platform, allowing clients to access exposure to the crypto market, macroeconomics, global elections, and hedge against event-driven risks.

May 6: AMD’s earnings beat expectations, pushing its stock up 16% in after-hours and overnight trading, according to Coinbob Popular Address Tracker data. The biggest gainer on the Hyperliquid platform from this rally is trader yixie (X:yixie10), who locked in over $1.5 million in profits within just 7 hours of opening their position. The trader entered a long position at 11:00 PM last night: 25,973 AMD shares with 2x leverage, totaling a $10.7 million position size. They currently hold the largest AMD long position on the platform and have not yet taken profits. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b

**May 6** Multicoin Capital co-founder and managing partner Tushar Jain shared on social media Wednesday that the firm has been building a large position in privacy coin Zcash (ZEC) since February 2024, with a long-term bullish outlook on privacy-focused cryptocurrency assets. Multicoin argues ZEC embodies crypto’s original “cypherpunk” ethos. Individual and institutional demand for asset privacy, censorship resistance, and confiscation resistance is rising steadily. While Bitcoin offers censorship resistance, it doesn’t fully mitigate tax or confiscation risks for identifiable holdings. The firm notes assets combining these three traits are seeing clear demand—and ZEC is the top public-market pick to express this investment thesis right now.

On May 6, Bernstein upgraded AMD (AMD.O) from Market Perform to Outperform, raising its price target from $265 to $525.

May 6 (Monday) — Per Bitget market data, European stocks opened higher: the UK’s FTSE 100 Index and Germany’s DAX 30 Index rose more than 1%, France’s CAC 40 Index gained 0.8%, and the Euro Stoxx 50 Index was up 0.8%.

On May 6, Morgan Stanley said it’s raising its price target on AMD (AMD.O) from $360 to $410.