Canaan Inc.’s listing board transfer has been approved, effective at the opening on July 1st.

According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs saw a net inflow of $265.7 million yesterday, with IBIT alone attracting $209.4 million. Additionally, Ethereum ETFs posted a net inflow of $20.7 million, among which ETHA recorded a net inflow of $23.3 million. Analysts noted that the cooling of the U.S. stock market’s AI boom may have led some funds exiting the sector to partially replenish oversold crypto ETFs.

Morgan Stanley strategist Mike Wilson’s team says the semiconductor stock pullback of recent weeks may not be complete yet, and could bring a more volatile trading environment to the broader U.S. stock market. The bank points out that rotation is occurring within AI-related trades: earlier, chip stocks significantly outperformed, while hyperscalers including Microsoft, Amazon, Alphabet, and Meta lagged behind. Wilson’s team notes this divergence is unlikely to persist, as semiconductor firms’ growth ultimately depends on cloud giants’ capital expenditures. Morgan Stanley adds that valuation and position pressure on cloud giants have already been priced in; if the market starts rewarding more restrained AI spending, this sector could see renewed capital inflows. The bank also favors consumer discretionary and biotech, stating that falling oil prices and declining interest rate expectations may improve the risk-reward profile of these sectors.

On Tuesday, SpaceX will officially be added to the Nasdaq 100 Index. The adjustment is expected to trigger passive buying by mutual funds and exchange-traded funds (ETFs) that track the index, providing some support to its share price. JPMorgan calculates that, based on three times its current $75 billion market capitalization, SpaceX will hold a roughly 1.3% weighting in the index, ranking around 21st among its constituents, lower than companies including NVIDIA (NVDA.O), Walmart (WMT.N), Intel (INTC.O), and Tesla (TSLA.O). However, given its relatively limited weighting, analysts generally believe that the boost from passive funds to its share price in the short term may fall short of some market expectations.

Ondo Perps tweeted that it will launch stock perpetual contracts today (Beijing Time), supporting up to 20x leverage.

Zhipu issued an announcement in Hong Kong stating: "The company has noted media reports claiming that it has withdrawn the counseling filing for its proposed A-share initial public offering. The company hereby informs shareholders and potential investors that these reports are untrue, the described events do not align with reality, and there is suspicion of malicious hype." According to the official website of the China Securities Regulatory Commission (CSRC), the counseling work related to the proposed A-share offering has been completed.

Liquid Capital (formerly LD Capital) founder Yilihua stated, "Bitcoin remains in a weekly downtrend. Only a strong breakout above $68,000 will spark a meaningful reversal; failing that, it will retest the bottom, and we hope it avoids the worst-case scenario of dropping below $47,000." "In any event, we are fully preparing to buy the dip in the coming months—be greedy when others are fearful. Beyond major cryptocurrencies, we are also scouting for the next bull run’s 100x coin. During the last cycle, our dip investment in Render rallied nearly 180 times at its peak. While most tokens are junk, a tiny subset holds massive opportunities: first, they have fallen over 95% from their highs; second, the founding team is competent, aligned with trends and core needs like AI; ideally, they have solid finances, preferably profitable. Projects meeting these criteria can be recommended."