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BlockBeats News, June 29th, according to Hyperinsight monitoring, during the traditional market closure, trading activity of TradFi contracts provided by Trade xyz on Hyperliquid noticeably cooled down, with a weekend daily average trading volume of about $590 million, only 16.8% of the weekday average (approximately one-sixth). The trading volume of HIP-3 as a percentage of total Hyperliquid volume also fell to 36.4%.However, data from several consecutive weeks shows that Sunday's trading volume is significantly higher than Saturday's, with an increase of over 60%. This week's data indicates that Saturday's trading volume was about $338 million, and as of the time of writing, Sunday's trading volume has reached $654 million, a 93.5% increase from Saturday. As the traditional market is approaching its opening on Monday (around 9 AM), some on-chain traders may have developed a trading habit of positioning themselves early via 24-hour on-chain markets to set prices and prepare for the opening market conditions.

BlockBeats News, June 29th. According to the Financial Times, Giles Thomson, the head of the UK Office of Financial Sanctions Implementation, stated in an interview that the office is currently intensifying efforts to penalize companies engaging in illicit business with Iran. Thomson revealed that sanctions related to Russia remain the top priority for the OFSI. The office is also enhancing its cooperation with the United States, with expectations of joint enforcement actions in the future.Furthermore, the office is about to second staff to the Bank of England for the first time.

BlockBeats News, June 29th, according to Onchain Lens monitoring, a newly created wallet named "coldsway" participated in three World Cup match predictions within only two days, with a total loss exceeding $3.97 million.Among them, the wallet suffered the largest loss in the match between South Africa and Canada. Due to Canada's victory, it incurred a single-game loss of approximately $3.14 million. It then experienced another loss of about $1.97 million in the match between Colombia and Portugal. Its only profitable match was the one between Croatia and Ghana, where it made a profit of around $1.06 million. Across the three matches, the wallet accumulated a net loss of over $3.97 million.

BlockBeats News, June 29th. According to the latest Galaxy Research report, due to the ongoing compression of the Senate legislative schedule, the probability of the United States "CLARITY Act" (Digital Asset Market Structure and Investor Protection Act) being legislated by 2026 has been lowered from 60% three weeks ago to 50%. The report points out that although the bill was approved by the Senate Banking Committee in May and included in the Senate legislative schedule, a unified text between the Banking Committee and the Agriculture Committee has not yet been finalized, and the timing of the full Senate vote has not been determined.Galaxy Research stated that if the bill aims to complete the deliberation before the August recess of Congress, the Senate Majority Leader must schedule a vote no later than early July; otherwise, the legislative process is likely to be delayed until September, influenced by the mid-term election political factors. Meanwhile, the 2027 Fiscal Year "National Defense Authorization Act" and other priority agendas continue to compete for Senate voting time.In addition, there are still differences on some key aspects of the bill, including the conflict of interest provisions and the developer protection provisions in the "Blockchain Regulatory Certainty Act" (BRCA), which still need to garner more bipartisan support. If a unified bill text can be released in the coming weeks, major disputes resolved, and a July vote formally scheduled, the probability of the bill's passage is expected to rise back to over 60%; however, if there is no substantial progress by mid-July, the probability of passage may further decline.

BlockBeats News, June 29th. According to the latest research released by the Bank for International Settlements (BIS), AI is expected to break through the traditional technological revolution that only boosts labor productivity. By enhancing knowledge creation capabilities, it could also change the long-term economic growth path. The research suggests that AI may evolve into four future scenarios: maintaining the status quo, limited productivity gains, demand bottlenecks, and transformative AI. Among them, if AI can continue improving its own capabilities, both the economic growth rate and the natural interest rate are expected to be significantly higher than historical levels.
However, AI development may not accelerate indefinitely. As automation replaces labor, the share of labor income may decline, and consumer demand may fail to keep pace with expanding production capacity. If businesses judge that future market demand will be insufficient, they may reduce ongoing investment in AI innovation and automation, causing technological progress to be constrained by demand rather than by technology itself.
BIS believes that in this "demand bottleneck" scenario, insufficient end-demand will become the primary constraint on long-term economic growth. Ultimately, the long-term impact of AI will still depend on multiple factors, including technological breakthroughs, income distribution, and evolving demand.

BlockBeats News, June 29th, according to Hyperinsight monitoring, Hyperliquid data shows that the address 0x9311 on Hyperliquid has taken a highly leveraged long position on Bitcoin. It is currently 40x leveraged short with about 272.7 BTC, with a notional value of approximately $16.3 million, at an average price of around $60,519 per BTC. The liquidation price is set at $57,640. With BTC currently trading at $59,720, this long position is experiencing an unrealized loss of about $210,000 (-50%).Currently, the liquidation price of this whale is only about 3.5% away from the current price (approximately $2,085), making it the address closest to liquidation among whales with tens of millions of dollars in BTC on Hyperliquid. If Bitcoin drops another 3.5% from the current price and falls below $57,640 (i.e., below $58,000), this $16.3 million long position will trigger a forced liquidation.In recent transaction records, facing Bitcoin's continuous decline, this address has been averaging down its position while adding to its losing position. The most recent position averaging down occurred on June 29th, opening a long position at $59,347. Accumulating gradually, the position has been traded in thousands of transactions since June 24th.-The HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram community and set it as an administrator (with message-sending permissions enabled) to automatically sync on-chain information.

BlockBeats News, June 29th, according to Hyperinsight Monitoring, the DRAM Index reflecting spot memory prices experienced a high retracement as a result of a Korean storage sell-off overflow, with a 6% dip in 4 hours, now trading at $70.68.A whale on the Hyperliquid platform (0x7b5) began accumulating positions at the beginning of the month, opened a long position with 20x leverage, continuously added to the position, causing the liquidation price to hang above the average entry price, with the liquidation line at $68, only about 3.8% away from the current price (approximately $2.7), holding a position worth $5.2 million.Among the platform's large position holders, the average long position price is around $70.12, while the short position is around $68.35, with the short position nominally 2.35 times larger than the long position, showing an overall bearish sentiment. The largest short position belongs to the "Storage Chain Short Leader" 0x4e23 (simultaneously shorting Micron, SanDisk, Western Digital), holding a $14.29 million DRAM short position with 6x leverage (entry price $77.73, position initiated on June 24th), currently sitting on a floating profit of $1.47 million.

BlockBeats News, June 29th, according to LookIntoChain's monitoring, the deployer of the ANSEM token "yHCxHB" previously spent $6,300 to deploy ANSEM and purchased 792.45 million ANSEM. Subsequently, they transferred 650 million ANSEM to @blknoiz06, sold the remaining 142.45 million ANSEM for $11,800, and ultimately only made a profit of $5,500.

BlockBeats News, June 29th, according to Hyperinsight monitoring, Hyperliquid platform SK Hynix (SKHX) is currently trading at $1672, down about 3.5% in the last 24 hours, while Samsung Electronics (SMSN) is currently trading at $208.7, down approximately 5.8%.In the market downturn, the long whales who bought the top are the most trapped. Regarding SK Hynix, an address (0x9dcf) bought at $1820.64 on June 24th with 2x leverage, with a massive position size of $29.09 million. As the price fell, the unrealized loss has reached about $1.77 million (equivalent to a 16% margin), with a daily drawdown of $2.2 million;On the Samsung side, the longs were similarly collectively trapped, with several long positions averaging in the $217-$226 range, all above the current price. The deepest underwater position had an unrealized loss of nearly 40% of the margin, and this address (0x053f) just added to its long position yesterday.The major SK Hynix holders are overall bearish, with the short position nominal size being 1.49 times that of the longs; the longs' average price is around $1608, and the shorts around $1654. The current price is right in between the two, squeezing the high longs and low shorts, with only mid-range entrants spared.On the news front, Samsung Electronics and SK Hynix announced on June 29th a chip expansion plan of up to a staggering 100 trillion Korean won (up to 200 trillion Korean won over ten years), but it was still unable to stop the market sell-off.Recently, South Korea missed out on the MSCI developed markets, and the long-awaited approximately $62 billion foreign outflow reached a critical point after months of buildup, causing the Korean won to plunge to a 17-year low. In addition, the U.S. PCE inflation has risen to a three-year high of 4.1%, combined with concerns about an AI bubble and macro pressure from foreign outflows, the positive news was overwhelmed by liquidity panic. Meanwhile, the leveraged single-stock ETFs approved in May by Samsung and Hynix triggered a cascade of liquidation.-The HyperInsight Bot is now live. Add @HyperInsightBot to your TG community and make it an admin (message-sending permission must be enabled) to automatically synchronize on-chain information.

BlockBeats News, June 29th, Nasdaq has confirmed that SpaceX (SPCX) will be officially included in the Nasdaq 100 Index on July 7th, less than a month after its listing on June 12th, setting one of the fastest inclusion records in the history of the index. Under Nasdaq's new rules, some large IPO companies only need to wait for 15 trading days to qualify for inclusion, significantly shortening the previous waiting period of several months.JPMorgan Chase estimates that this inclusion will bring about $4.3 billion in passive fund inflows. Currently, over $800 billion in funds are linked to the Nasdaq 100 Index, and after the market close on July 6th, related ETFs and index funds will begin synchronous adjustments. Due to the limited proportion of SpaceX's freely tradable shares relative to its total market value, any short-term concentrated buying may have a significant impact on supply and demand.However, market opinions are divided. The Chief Equity Strategist at Morningstar believes that the stock is overvalued, as SpaceX reported a net loss of $4.9 billion last year, and its profit performance is highly volatile. S&P Dow Jones Indices has made it clear that there is no fast track, and the S&P 500 will still adhere to the existing standard of at least a 12-month waiting period.

BlockBeats News, June 29th, Liquid Capital (formerly LD Capital) founder Li Huayi stated, "Currently, we are experiencing the third wave of decline since 1011. According to wave theory and cyclical patterns, this might be Bitcoin's final major drop."Most concerning is the bottom price to which Bitcoin will drop this time. The main factors are the U.S. stock market and MicroStrategy. It is unknown whether the Federal Reserve's concern about CPI will trigger changes in interest rate expectations, leading to a continued pullback in the U.S. stock market. Secondly, in the late stage of past bear markets, unexpected events or black swans often occur, but such an event has not yet appeared this time, requiring close observation.Based on Bitcoin's peak price of $126,000, a 60% drop would be around $51,000, and a 66% drop would be around $43,000. In any case, July and August should be the final period and the best time to buy the dip, possibly the most worthwhile opportunity for the next three years."

BlockBeats News, June 29th. South Korean Kiwoom Securities is currently in talks with Bithumb regarding a third-party private placement, planning to subscribe to new shares for investment. The specific shareholding ratio and investment scale are still under negotiation.Following Samsung, Future Asset, and Korea Investment & Securities, another major brokerage firm has joined the race to acquire ownership of a cryptocurrency exchange. Against the backdrop of this investment, the South Korean financial regulatory authority is advancing the second stage reform of the Virtual Asset Act, aiming to establish a principle to limit the shareholding ratio of major shareholders in exchanges to 20%, with exceptions that may be relaxed to 34%. Bithumb's current largest shareholder, Bithumb Holdings, holds 73.56% of the shares. If the relevant regulations are implemented, they will face significant pressure to reduce their holdings.Bithumb is currently pursuing a listing on the KOSDAQ, with Samsung Securities as the lead underwriter, and plans to enhance its valuation by splitting its core trading business from its new business segment. Whether Kiwoom Securities' private placement this time constitutes strategic financing before the listing and the coordination with the listing schedule are expected to become the core topics of the transaction structure. Bithumb has stated that it is currently exploring various possibilities for cooperation with financial institutions and corporations, and no specific plans have been confirmed yet.

BlockBeats News, June 29th, multiple Wall Street banks have successively lowered their euro to dollar outlook. JPMorgan Chase, Morgan Stanley, and BNY Mellon all project that the euro will fall over 3% to around 1.10 in the next year. The euro has already dropped to a one-year low this month, presenting a stark contrast to its five-year high above 1.20 at the beginning of the year.Policy divergence is a key driving factor. The new Fed Chair Powell has signaled a tough anti-inflation stance, leading the market to re-bet on an interest rate hike later this year; ECB President Lagarde, on the other hand, has stated that there is no need for aggressive policy response to the Middle East conflict, opting for a relatively mild approach. The Iran war has pushed up oil prices, strengthened the demand for the dollar, further weakening euro support. Options market signals have similarly turned bearish, with the one-year risk reversal indicator dropping to its most bearish level since March 2025.Societe Generale's Chief FX Strategist bluntly stated that "the euro's uptrend has basically come to an end" and likened the current energy shock to the severe blow the European economy suffered after the Russia-Ukraine conflict in 2022. While Bank of America has revised its year-end forecast from 1.20 to 1.15, it still maintains a "neutral" outlook, being one of the few relatively moderate voices.

BlockBeats News, June 29th. Over the weekend, the United States once again targeted Iranian military objectives, while Iran launched attacks on ships near the Strait of Hormuz and fired missiles and drones towards Kuwait and Bahrain. This temporarily halted US-Iran ceasefire negotiations. However, both sides later agreed to cease hostilities and continue advancing technical discussions on the ceasefire Memorandum of Understanding (MOU).Due to the situation, international oil prices saw a slight increase, with Brent crude and WTI crude rising to around $72.31 and $69.82, respectively. However, the overall global financial market response was limited, as investors' focus gradually shifted towards the tech sector recovery.The AI computing power demand continues to drive the ongoing shortage of storage chips. Large tech companies such as Apple and Microsoft can manage costs by raising prices, while some small and medium-sized enterprises face greater pressure. Meanwhile, SpaceX is poised to become one of the fastest companies ever to join the Nasdaq 100 index.

BlockBeats News, June 29, according to GMGN data, the Solana ecosystem Meme coin ANSEM briefly surpassed a $1.2 billion market cap, hitting a new all-time high, and has now retraced to $1.1 billion. It recorded a 9.7x increase in the past 24 hours with a trading volume of $88.2 million. Yesterday, crypto KOL Ansem stated on social media that due to Pump.fun's "refusal to airdrop," he had to provide some "stimmy" (stimulus funds) to the "trenches" (referring to on-chain Meme coin traders). BlockBeats reminds users: Most Meme coins lack practical use cases and experience significant price volatility. Please be cautious, and avoid FOMO.

BlockBeats News, June 29th, South Korean media revealed that Samsung Group and SK Group are preparing a 10-year capital expenditure plan with a total size of approximately 200 trillion Korean won (about $1.3 trillion), to be included in President Lee Jae-myung's "Three Major Leaps Project" industrial strategy framework, expected to be officially announced to the presidential office by the two group leaders on Monday afternoon.The funds will focus on semiconductor capacity expansion, AI data centers, and the physical AI field. The two groups respectively plan to build 4 to 5 chip fabs in Gwangju and expand packaging and NAND capacity in Chungcheongbuk-do and Chungcheongnam-do. However, the huge investment plan did not boost market confidence. On Monday, the South Korean KOSPI index widened its decline to 3%, Samsung Electronics fell 5%, SK Hynix fell 4.5%, and the KOSDAQ futures triggered a circuit breaker as they rose by 6%.Analysts believe that investors have doubts about whether AI capital expenditure can bring actual returns. A China International Capital Corporation research report also pointed out that the leverage in the Korean stock market has reached a historical high, and margin call pressure has increased recently, highlighting the market's volatility risks.