📊 Market Briefing — Wednesday, June 24

🟡 Gold dropped back toward the $4,000 level, while South Korean equities sold off after SK Hynix reportedly slowed chip production — a potential sign that AI chip demand may be cooling. U.S. semiconductor stocks also traded sharply lower, while Bitcoin continued hovering around the $62K range.
🇺🇸🇮🇷 U.S.–Iran negotiations remain stuck in a back-and-forth dynamic:
Trump claimed Iran agreed to expanded nuclear inspections, while Iranian officials publicly denied the statement.
⚠️ AI chip giant Micron is set to release earnings overnight, with markets expecting another volatile session for semiconductor stocks and broader risk assets.
⏰ Bitcoin Timing — Key trading windows today:
📝 Spot ETF Flows — June 23
• BTC: -$113.8M net outflow, including -$182M from BlackRock — fourth consecutive negative session
• ETH: -$82.4M net outflow, including -$86.1M from BlackRock — fourth consecutive negative session
• SOL & XRP unchanged, HYPE saw +$1.5M inflow
🏛️ CFTC Chair said approvals for crypto perpetual futures could move faster than approvals for traditional commodity markets.
📈 CBOE is reportedly preparing to enter the crypto perpetual futures market following the CFTC’s regulatory green light in the U.S.
⚙️ Ethereum Foundation cut roughly 20% of staff (~54 employees) as part of its transition from a core builder organization toward a governance-focused structure.
🌉 Chainlink announced cooperation with 47 banks across South Korea and Europe to develop stable coin-based cross-border payment infrastructure.
🎲 Meta is reportedly developing a prediction market app called Arena, potentially competing with Polymarket and Kalshi.
⚠️ Estimated losses from the Second Fi wallet exploit on Cardano may now exceed $20M, while the team says affected users will receive support.
‍#DailyHighlights $BTC $GT