ZEC surges over 20% in 24 hours, Market Cap Rises to $8.267 Billion

According to HTX market data, ICNT surged 10.77% in a short period, driven by news of its listing on Bithumb’s KRW market, and is now trading at $0.1977.

UBS advises investors to buy SK Hynix’s upcoming American Depositary Receipts (ADRs) and sell its Korean shares, as the new ADRs are expected to trade at a higher price.

Morgan Stanley initiates coverage on SpaceX, assigning an "Overweight" rating with a $300 target price. Per market data from BIT (bit.com), SPCX closed at $160.42 yesterday.

CryptoQuant analyst Darkfost stated in a post that Bitcoin’s Apparent Demand has stayed nearly in negative territory all year, reflecting persistent weak market demand — a key reason for Bitcoin’s ongoing price pressure. However, recent demand has seen some improvement, helping BTC consolidate within its current price range. On June 3, Bitcoin’s Apparent Demand hit an annual low of -275,000 BTC, and has since rebounded to around -75,000 BTC. While the improvement is notable, a full demand recovery will require the metric to stay consistently positive. He explained that the Apparent Demand metric is calculated as the difference between newly issued BTC supply and BTC supply that has not moved for over a year, used to measure whether long-term holders’ structural accumulation is enough to absorb the network’s new supply. So far, long-term demand has recovered somewhat but not enough to push the market into a new uptrend.

JPMorgan strategists say the recent weakness in semiconductor stocks should be viewed as a buying opportunity, as the chip upcycle is far from over, with meaningful new supply not expected to arrive until 2028. The bank noted that the SOX Semiconductor Index fell roughly 5.4% in the shortened trading week ahead of Independence Day, marking its second consecutive weekly decline. However, the sector rebounded sharply on Monday, with storage-related stocks including Marvell, Broadcom, Western Digital, and Seagate leading gains, showing that capital remains willing to flow back into the AI hardware chain. JPMorgan’s view is not a broad bullish stance on all AI concepts. The bank favors semiconductors and infrastructure, while remaining cautious on the so-called “AI cannibalization” sectors—industries that could be displaced by AI, face downward pricing pressure, or see eroding profit margins. Hardest-hit sectors include software, business services, and media. In other words, JPMorgan believes AI will still create winners, but not necessarily all companies tied to AI will benefit; hardware suppliers offer more near-term certainty than some application and service firms.

Per an official announcement, crypto exchange Bithumb will launch the Impossible Cloud Network (ICNT) KRW trading pair at 17:00 Korea Standard Time (KST) on July 7, with support for the BASE network. Deposits and withdrawals are expected to open within 2 hours of the announcement. To ensure market stability, trading restrictions will be implemented during the new token’s initial listing phase: buying is prohibited for the first 5 minutes after opening, sell orders in that window must be priced between 10% below and 100% above the reference price, and only limit orders will be allowed for approximately 2 hours post-launch.