MarsBitNews

Zhenbao Technology listed on the STAR Market today; its first-day gain was 1212.84%, making it the second tenfold stock of the year, trailing only Changjin Photonics (1510.52%). Applying for the IPO for 500 shares is estimated to make about 270.2 hundred thousand yuan; it ranked third on this year’s new stock first-day profit leaderboard. If the intraday gain reaches 1222%, the unrealized profit per single lot could be as high as 27.22 hundred thousand yuan, ranking sixth. The closing price was 585 yuan, ranking 20th on the A-share stock price chart, surpassing many popular targets.

The Korean Tax Tribunal has re-investigated the gift tax on Bitcoin, focusing on whether transferring Bitcoin through a spouse's overseas exchange account constitutes a gift.
Taxpayer A stored 67 BTC in a hardware wallet, and due to the Travel Rule, it could not be transferred directly, so it was transferred through a spouse's account before being sold to buy a house.
The tribunal found that there were flaws in the investigation process and that a re-examination of the actual ownership of the hardware wallet and the digital assets was necessary;
It also pointed out that the 67 BTC in A's account and the 13 BTC under the spouse's name are consistent with their statements.
This case is regarded as a landmark example of cryptocurrency tax practices in South Korea.

Media outlets citing insiders reveal that Chinese artificial intelligence model company Zhipu is considering a share offering in Hong Kong, with a financing scale potentially reaching billions of dollars.
Since its listing in January, the company's stock price has soared by 2000%.
Due to involvement with non-public information, an anonymous insider stated that Zhipu is discussing potential share placement with advisors, which could happen as early as next month.
The six-month lock-up period following Zhipu's IPO will expire on July 8.
Insiders say that the share offering plans are still under discussion and may not result in a deal. (Sina Finance)

Mars Finance News: According to Coinglass data, the current cryptocurrency Fear and Greed Index is 18, down 6 points from yesterday. The average over the past 7 days is 19, and the average over the past 30 days is 18.

Mars Finance News, according to Jintiao reports, the US dollar index has surged strongly, sparking market doubts about Trump's weak dollar strategy. Although Trump hopes to achieve a weak dollar, his policies seem to have instead caused the dollar to strengthen. Currently, the "war dollar" has receded, and the "interest rate dollar" is dominating the market; the future direction of the dollar is highly watched.

Mars Finance News: On June 24, Qiwen officially released the native language world model Qwen-AgentWorld, capable of simulating intelligent agent interaction environments across seven major fields. Also released simultaneously is the language world model evaluation benchmark AgentWorldBench, covering the seven fields; both the model and evaluation benchmark are available on Hugging Face and ModelScope. (Wide-angle view)

Original Title: Chip Stocks Lead U.S. Stocks Lower, Is AI Trading Being Hit by Both Interest Rates and Returns?
Original Author: Rhythm BlockBeats
Original Source:
Reprinted: Mars Finance
According to AP reports, on June 23, U.S. technology stocks and AI chains collectively declined, with the Nasdaq index falling 2.2% and the S&P 500 index dropping 1.4%. This pullback is not due to a single chip company experiencing issues, but rather the most crowded AI hardware trades in the past year facing two types of pressure simultaneously. The first is the sudden rise in expectations of Federal Reserve rate hikes, and the second is investors beginning to question when the AI capital expenditures by cloud providers, which continue to increase, will translate into sufficiently clear profits.
The most direct pressure falls on the hardware chain. Market data shows that Nvidia (NVDA) dropped about 4% on Tuesday, with its market value falling below $5 trillion. Micron plummeted 13.2%.

Mars Finance News, June 24 — According to Farside Investors data, on June 23, the total net outflow of U.S. spot Bitcoin ETFs was $113.8 million, including a net outflow of $182 million for BlackRock’s IBIT; Fidelity’s FBTC, ARKB, HODL, and MSBT had net inflows of $23 million, $31 million, $5.3 million, and $8.9 million, respectively. The total net outflow of U.S. spot Ethereum ETFs was $82.4 million, including BlackRock’s…

Mars Finance News, Blockaid has issued a security alert on the X platform, stating that their system has detected an attack targeting the front end of the Yield Yak website. The project's subdomain vote.yieldyak.com has been infected with malicious code from Eleven Drainer. Blockaid pointed out that this attack method is similar to the security incident that Gitcoin.co experienced yesterday.

Maimai Technology launched in Shenzhen the domestic first integrated on-the-ground model of “Agricultural Vertical Large Model + Special-Purpose Robots,” the M’ID plan. It embeds its self-developed crop growth large model into the hardware and has already been deployed in high-value crops such as blueberries and durians, breaking down barriers between software and hardware ecosystems. The company has built an open ecosystem with more than 20 original equipment manufacturers and research institutions. Its technical architecture covers three layers—crop models, operations, and motion control—and enables cross-crop operations on the same machine. It has also initiated the M’ID Agricultural Embodied Intelligence Ecosystem Alliance, opening up 16 core application scenarios to drive robots toward systematization and platformization.

Mars Finance News, according to Jintiao reports, Europe's major stock indices fluctuated, with the Euro Stoxx 50 Index and France's CAC 40 Index both rising by 0.1%, Germany's DAX Index falling by 0.46%, and the UK's FTSE 100 Index increasing by nearly 0.1%.

According to Beating Monitoring, the version update on June 10, 2026, mainly involves minor iterative upgrades, including the addition of an automatic Fast Mode for short conversations, a more reliable model routing mechanism, enhanced session state security and trust policies, and improved model provider access processes, aiming to enhance overall system stability and response efficiency.

Mars Finance reports that the AI-driven Web3 auxiliary infrastructure project aitraceroot recently completed approximately $3.5 million in funding, with investments from Castrum Capital, Becker Ventures, Coinvestor, and Gemhead Capital. The funds will be used for large model development, developer ecosystem expansion, and global operational deployment. Investors are optimistic about the integration of AI and decentralized infrastructure, and the project will continue to iterate on on-chain AI services and expand its global user ecosystem.

Mars Finance News, according to Arkham monitoring, the Ethereum Foundation's ETH holdings have fallen to the lowest level in nearly 6 years (measured in USD), currently holding $209 million worth of ETH.
In the past two and a half weeks, the value of their ETH holdings has reached a nearly 6-year low, with the last time it was below the current level being in October 2020.

Gate Ventures Weekly Report states that market risk appetite is under pressure, and the crypto market has pulled back: BTC down 3.7% for the week, ETH down 1.2%, total market cap down 3.1%, and the fear index is at extreme fear. Spot BTC/ETH ETF net outflows are approximately $226.8 million and $10 million, STRC has been below face value for the fifth consecutive week. Stablecoin payments and RWA infrastructure are advancing, Trace Finance raised $32 million to expand its compliant network; Philippine regulators signal a positive stance on RWA tokenization. Last week, four funding rounds totaling $39.5 million, dominated by DeFi. Short-term adjustments are ongoing, but stablecoins, RWA, and infrastructure remain key areas of focus.

Mars Finance News: On June 24, the three major A-share indices showed mixed performance in early trading. By midday close, the Shanghai Composite Index fell 0.25% to 4,096.14 points; the Shenzhen Component Index rose 0.33%; the ChiNext Index rose 0.42%; the CSI 50 fell 0.29%; and the STAR 50 Index rose 2.48%. Total market turnover was 20,998 billion yuan, a decrease of 2,360 billion yuan from the previous day, with more than 4,400 stocks across the market declining. On the trading board, TSMC boosted advanced process price increases, and semiconductor wafer manufacturing and advanced packaging segments performed actively. Huicheng Shares hit the 20cm daily limit, while Huahong Hongli, SMIC, and Changdian Technology led the gains. The lithium mining sector surged during the session: Yongshan Lithium hit the daily limit, and Rongjie Shares and Shengxin Lithium Energy followed higher. Bernstein expects that by 2027, lithium prices may reach $32,500 per ton. In addition, the fluorochemical, CRO, and upstream PCB directions also performed well. On the other hand, the film and theater chain sector saw a significant surge in early trading.

Mars Finance News reports that, according to Newsis, the Korea Financial Intelligence Unit (FIU) has handed over approximately 40 unregistered virtual asset service providers to law enforcement agencies for processing. The report states that because these unregistered companies are not subject to South Korea's Virtual Asset User Protection Act and the Act on Reporting and Using Specific Financial Transaction Information, they face risks such as personal data leaks and hacking attacks, and may also be used for money laundering and hiding criminal funds.

Original Title: Semiconductor Stocks Rebound—Is It the End of a Technical Pullback or a Trend Reversal?
Author: Rhythm BlockBeats
Source:
Reprinted from: Mars Finance
TL;DR
On June 23, the Korean stock market saw a sharp sell-off. The Kospi fell by about 10%, and trading was temporarily halted for 20 minutes. Both Samsung Electronics and SK Hynix saw declines of more than 12%. A day later, according to media reports, Samsung Electronics rebounded by about 8.5% at one point during the trading session, and sentiment across Asian technology stocks showed signs of recovery.
The key to this bout of volatility is not a one-day gain or loss. Rather, after AI trading became overcrowded, semiconductor stocks have entered a new pricing phase. Over the past year, the expansion of AI infrastructure has pushed Korea’s domestic memory stocks, U.S. equities such as Micron, Nvidia, and TSMC onto the same valuation chain. As long as AI server expansion continues, high-end memory can remain in short supply, and memory manufacturers’ profit pre