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South Korean Finance Minister: Concerned About Rise in Leveraged Stock Investments

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June 4 — South Korea’s Finance Minister voiced concern over growing leveraged stock investments, noting that actions will be implemented to counter any “herd behavior” in the nation’s financial markets. Adjustments to foreign investors’ portfolios are identified as a key driver behind volatility in South Korea’s stock market. (Kris10)
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Mt. Gox has transferred approximately 116.3 BTC from its hot wallet to Bitstamp, worth around $8.25 million.

On June 4, Chain.info reported that Mt. Gox transferred a total of 116.3 BTC from its cold wallet to a hot wallet on June 3 (the day prior), and deposited the full amount into Bitstamp exchange, equivalent to roughly $8.25 million.

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The People's Bank of China (PBOC) conducted a reverse repurchase agreement (repo) operation on the same day, withdrawing a net amount of 101.3 billion yuan from the market.

On June 4, the People's Bank of China (PBoC) conducted open market operations with a reverse repo volume of zero. This followed the maturity of 101.3 billion yuan worth of 7-day reverse repos today, which led to a net withdrawal of 101.3 billion yuan from the market. (Sina Finance)

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Abraxas Capital has sold 2,469 BTC in the past day, approximately $166 million.

June 4 — According to crypto asset management firm ChainInfo, Abraxas Capital offloaded 1,469 BTC (about $98.45 million). After transferring those BTC to Kraken, the firm withdrew $22.71 million in USDC. In just over a day, Abraxas has sold a total of 2,469 BTC worth roughly $166 million, at an average price of $67,210 per BTC.

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Flash Loan: apxUSD Depegs to $0.94, Bitcoin's Drop Causes Collateral Devaluation

June 4: Per PeckShield’s monitoring, the stablecoin apxUSD (backed by STRC) from Apyx Finance has dropped to roughly $0.94, a 4.6% daily decrease. The stablecoin’s peg deviated as Bitcoin (BTC) slid to around $63,000, leading to a shrinkage in its collateral value.

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SoftBank Group's Stock Price Plunges 9%

June 4: SoftBank Group stock plunged 9%, per Bitget’s market data. The Nikkei 225 Index fell 1.63%, closing at 67,289 points.

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HYPE/SOL exchange rate hits a new high for this bear market cycle, now at 1.044

Per HTX market data: On June 4, amid Bitcoin’s sharp decline today, SOL has fallen further, pushing the HYPE/SOL exchange rate to a new high in the current bear market amid this downturn, now standing at 1.044. HYPE is currently priced at $74.05, with a 6% increase over the past 24 hours. SOL trades at $70.9, down 5.47% in the same period.

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