US chip stocks generally fell before trading, with Intel (INTC. O) falling 7.6%, AMD (AMD. O) falling over 6%, Qualcomm (QCOM. O) falling 5.4%, TSM. N falling over 4%, and Baidu (BIDU. O), Broadcom (AVGO. O), and Nvidia (NVDA. O) falling about 3%.

Goldman Sachs has raised its forecast for actual GDP growth in South Korea to 2.7% in 2026 and 2.3% in 2027. It expects the AI driven surplus to drive total exports to exceed $1 trillion, and the current account surplus to reach a historic high of about 15% of GDP. Goldman Sachs has also raised its forecast for terminal policy interest rates from 3% to 3.25%.

According to @ Darkfost_Cc monitoring, the average Bitcoin sell-off volume of OG holders in 90 days has dropped below 1000, with the current value at 962, reaching the lowest level since November 2024. （CryptoQuant）

Zhipu (02513. HK) will welcome the unlocking of approximately 25.68 million shares of cornerstone investors' equity on July 8th, increasing its tradable chips from 17.35 million shares to approximately 43.03 million shares. Eleven cornerstone investors collectively subscribed for approximately $298.4 million at an issue price of HKD 116.2. On June 22, Zhipu's closing market value was approximately 13.7 billion US dollars, with a revenue of approximately 100 million US dollars in 2025 and a PS of approximately 1280 times. Compared to OpenAI's estimated revenue of approximately $1.3 billion in 2025 and valuation of $73 million, Zhipu's valuation multiple is 56 times higher than OpenAI's. According to OpenAI multiples, the reasonable market value of Zhipu is approximately $40 million to $80 million. If calculated based on JPMorgan's forecast of approximately $64 million in revenue for 2026, the market value of Zhipu will support approximately $25 million to $50 million.

According to Crypto Briefing, Bitcoin Standard Treasury Company (BSTR), led by Adam Back, plans to hold a shareholder vote for the SPAC merger listing on June 26th. Cantor Equity Partners I has confirmed the voting date, and if approved, the merged entity will be listed on NASDAQ under the BSTR code, with a balance sheet holding 30021 BTC and receiving up to $1.5 billion in PIPE financing, of which approximately $600 million will be contributed in the form of 5021 BTC in physical form.