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2026-06-23Today
06:31

South Korean and Japanese Stock Markets Decline Due to Heavy Sell-off in Tech Stocks

On June 23, following a sharp shift in global sentiment towards the artificial intelligence market and macroeconomic events, the stock markets in South Korea and Japan experienced significant sell-offs after recently hitting multiple historical highs. In South Korea, two memory chip manufacturers, Samsung Electronics and SK Hynix, which together account for about half of the KOSPI index's market value, saw intraday declines of 7.4% and 10.1%, respectively, leading to a more than 9% drop in the KOSPI index and triggering a 20-minute trading halt, marking the fourth occurrence of such a situation this year. In Japan, the Nikkei 225 index fell over 3.0% during the day, primarily driven down by SoftBank Group and chip manufacturer Kioxia, which dropped 10% and 14%, respectively. Both the KOSPI and Nikkei 225 indices had recently reached multiple historical highs, largely benefiting from market optimism about artificial intelligence, progress in US-Iran peace talks, and expectations of tightening monetary policy by the Bank of Japan. Investors continued to flock to the memory chip sector, which is considered one of the most profitable products globally, with demand expected to remain strong in the short term. On Monday, SK Hynix surpassed Samsung to become the most valuable company in South Korea, having joined the AI chip frenzy in May and successfully entering the elite club of companies with a market capitalization of $1 trillion. The surge in stock prices has made them more susceptible to volatility, and analysts warn that their valuations are at high levels, facing risks from the cyclical fluctuations in the semiconductor industry.

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06:31

New Wallet Takes High-Leverage Long Position on CL, Floating Loss Exceeds $2.5 Million Near Liquidation Line

On June 23, according to Onchain Lens monitoring, a newly created wallet opened a long position of approximately $500,000 on CL, which has now resulted in a floating loss exceeding $2.5 million, leaving the account with only about $2 of price space before liquidation. The position is nearing the edge of forced liquidation under extremely narrow price fluctuations, representing a typical high-leverage extreme risk position. A slight price drop could trigger full liquidation. In the current market volatility environment, such 'near liquidation positions' often pose a risk of triggering a chain reaction of liquidations.

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06:30

Bitcoin drops below $63,000, over $150 million long positions liquidated in the crypto market within 15 minutes

Bitcoin fell below $63,000, and over $150 million in long positions were liquidated in the crypto market in the past 15 minutes. (Watcher.Guru)
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06:27

SpaceX's market value shrinks by 600 billions USD, while bitcoin's market value is almost halved

SpaceX's market value shrank by 60 billion USD within three trading days after announcing its first bond issuance, causing Bitcoin's market capitalization to nearly halve, while the Bitcoin price fell by less than 1%.
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06:22

Korea National Pension Service: Year-end review of domestic stock allocation cap, plans to directly participate in corporate pension business

(1) The Chairman of the National Pension Service of Korea stated that the fund will reassess whether to further increase the target allocation ratio for domestic stocks by the end of 2026. The recent adjustment of this ratio is based on the judgment that the current stock market rise is structurally positive, rather than a short-term fluctuation.(2) When rebalancing its domestic stock holdings, the fund will minimize market impact as much as possible. Currently, the fund's holdings account for about 6% of the total market capitalization of the Korean stock market and are concentrated in many large-cap stocks.(3) If the fund directly participates in fund-type corporate pension businesses, it is expected to achieve better asset diversification, risk management, and asset allocation. In addition, the management fees charged are expected to be only about one-third of the current service providers’ fees, which will help increase the actual returns for policyholders.(4) Before this measure comes into effect, it will still be necessary to complete multi-party consultations among labor, management, and the government, as well as to promote the relevant legislative approval process.
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06:20

Barclays Raises 2026 S&P 500 Target to 7800 Points

On June 23, Barclays strategists stated that although the macroeconomic backdrop for the U.S. stock market is complex, the overall risk balance remains favorable. As a result, they have raised their S&P 500 target from the previous 7650 points to 7800 points. The team also provided a target for 2027 of 8800 points, with an earnings per share target of $389. Barclays noted that the reasons for a bullish stock market still hold, but as the Federal Reserve's support diminishes, the market's ability to withstand disappointment decreases, and visibility into earnings and AI capital expenditures must play a greater role.

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06:19

London Metal Exchange (LME) three-month aluminum falls over 3% to $3,262 per ton

The London Metal Exchange (LME) three-month aluminum contract fell by over 3% to $3,262 per ton.
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06:18

A newly created wallet opened a long position of 500,000 CL, currently with an unrealized loss of over $2.5 million.

Foresight News reports that, according to monitoring by Onchain Lens, a newly created wallet address has opened a long position of 500,000 CL and is currently facing an unrealized loss of over 2.5 million US dollars, with only a 2-dollar difference remaining before liquidation.

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06:13

Barclays raises S&P 500 index target, expecting improved earnings outlook

Due to ongoing peace negotiations, concerns about artificial intelligence spending, financing, and monetization, as well as persistently high interest rates and strong consumer demand, the stock market remains volatile. However, the Barclays team led by Venu Krishna is focusing on improving profit outlooks, which is the reason for raising their target for the US stock market. The strategists have also increased their 2026 S&P 500 earnings per share target from $321 to $337. The 2026 S&P 500 target implies a 4.4% upside from the latest closing price. The team has also set a 2027 target of 8,800 points, with an earnings per share target of $389. (Bloomberg)
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06:11

Elon Musk becomes the first trillionaire, prediction markets bet Zuckerberg or Jensen Huang will be the next.

(1) With SpaceX going public on June 12, Elon Musk has become the first person in human history whose net worth exceeds 1 trillion dollars, thanks to his holdings in the company. (2) On the prediction platform Kalshi, traders are betting that Meta CEO Mark Zuckerberg has a 32% chance of becoming the second trillionaire in the world, making him the most popular candidate for now. (3) NVIDIA CEO Jensen Huang is in second place with a 21% probability and is also seen as likely to reach this wealth milestone.
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