Goldman Sachs maintains Nvidia’s $285 price target, with valuation already reflecting the risk of ASICs taking market share.

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.

According to HTX market data, Bitcoin has remained under pressure since the opening of Asia-Pacific stock markets this morning, falling below $63,000 and currently trading at $62,886.82, with a 0.95% decline in the past 24 hours. According to Bitget market data, Japan’s Nikkei 225 index has fallen 2.00% on the day. South Korea’s KOSPI index triggered circuit breakers twice, plummeting 8%.

According to Hyperinsight monitoring, the whale with the address starting with 0x0ad, spotted yesterday, did not cut losses amid today’s continued slump in South Korean semiconductor stocks, instead adding to its SK Hynix (SKHX) position after the stock fell to around $1,400. As of press time, this address has opened 97 long positions, purchasing a total of 1,428.571 units worth roughly $2 million. Following the addition, its SKHX long position has risen to 6,523.79 units, valued at approximately $9.024 million, with an average entry price of $1,559.32. At the current price of $1,383.30, the position is showing an unrealized loss of around $1.148 million. Currently, the address also holds a long position in Micron (MU) worth roughly $7.53 million, with an unrealized loss of about $978,000. Combined, the two semiconductor long positions total around $16.554 million, with a total unrealized loss of approximately $2.126 million; it has placed take-profit sell orders for 5,095 SKHX units at prices ranging from $1,604 to $1,615, with a notional value of roughly $8.184 million. Earlier update: "Whale Alert: SK Hynix’s largest long position holder built its position with $2.7 million, now facing an unrealized loss of $370,000" — HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain information.

Iranian Foreign Minister Alaghasi stated that if threats persist, negotiations on the final agreement will not commence, urging relevant parties to uphold their commitments.