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Japanese and South Korean Stock Markets Open Down

2 hours ago

According to Bitget, on Monday, June 8, the Nikkei 225 Index opened 604.51 points lower, a 0.91% decline, to 65,983.61 points. South Korea’s KOSPI Index also opened sharply lower that same day, falling 120.21 points, or 1.47%, to 8,040.38 points on June 8.
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SpaceX's IPO Imminent, A-Shares Soar in Commercial Aerospace Sector

June 8: China’s A-share commercial aerospace sector rallied, with China Spacesat surging over 18% and Aerospace CH UAV hitting its 10% daily upside limit. Galactic Energy, Sevenstar Electronics, Expace Technology, and Space Pioneer Technology also followed the upward trend. On the news front, SpaceX’s initial public offering (IPO) has received subscription orders exceeding the number of shares available for issuance.

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Bitcoin has retraced to the power-law model's extreme regression level and has entered the extremely undervalued territory.

June 8: Per data from crypto analyst Darkfost, Bitcoin has pulled back below the 4th percentile of its Power Law model, landing in an extremely undervalued territory. Historically, BTC has only traded at this valuation level 4% of the time. Darkfost stresses this is an ideal window to build long-term positions, adding that the assessment is not a short-term price forecast.

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The Israeli Air Force Strikes Military Targets of the Iranian Regime in Western and Central Iran

June 8 – Israeli Military: The Israeli Air Force struck Iranian regime military targets in Western and Central Iran.

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Arthur Hayes Gets Back in the HYPE? Associated Address Buys 33,979 HYPE

June 8: According to Onchain Lens monitoring, an address linked to Arthur Hayes has withdrawn 33,979 HYPE from Bybit, a move valued at $2.09 million. The wallet now holds a total of 34,066 HYPE tokens. This update follows a June 4 statement from Arthur Hayes, where he noted he had sold off all of his HYPE holdings.

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Israel-Palestine Conflict Escalates, Oil Prices Surge Over $4 Intraday

June 8: Bitget market data shows Brent crude oil surged $4.01 intraday to trade at $96.04 per barrel, rising 4.35% on the day. WTI crude added $4.04 over the same period, reaching $95.77 per barrel, up 4.40%—a rally fueled by escalating tensions between Iran and Israel.

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Explosions Heard in Several Parts of Iran

Iran’s semi-official Young Journalists Club (YJC) news agency reported multiple explosions in Tehran, Tabriz, and Isfahan on June 8.

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