News

According to BlockBeats, on June 25, JPMorgan raised its target for South Korea’s KOSPI Index and recommended increasing positions on dips, maintaining its highest exposure to South Korean equities. JPMorgan strategists wrote in a report: "This stems from our constructive outlook on artificial intelligence and the profits of related hardware companies. There is still room for further increase in retail buying demand." JPMorgan's bull case scenario indicates that the KOSPI Index has 77% upside potential from Wednesday’s closing level of 8,471.02 points. JPMorgan also raised its base-case and bear-case targets to 12,500 points and 8,000 points, respectively.

Grayscale Head of Research Zach Pandl stated that after the bear market, many revenue-generating blockchain applications have attractive valuations. Among the top 15 on-chain applications by protocol revenue (including Hyperliquid), most have single-digit price-to-earnings ratios, and these protocols are mostly related to financial use cases or staking infrastructure. With the passage of the CLARITY Act, the expected growth in on-chain transaction activity will benefit these protocols.

Foresight News reported that Taiko posted on Twitter, stating that the previous security incident will not lead to any user fund losses. Currently, the cross-chain bridge is in an undercollateralized state, and the team will fully replenish assets to achieve 100% coverage before reopening, ensuring a 1:1 asset backing for balances. In addition, its CEO has submitted a formal report to the Eastern Eight authorities and will fully cooperate with accountability measures. The team is currently testing the repair plan, and the safe restart of the mainnet and cross-chain functions is very close.