In the past hour, total liquidations across the network reached $26.60 million, with $25.89 million from long positions, with $703,763.04 from short positions. BTC liquidation $14.22 million, ETH liquidation $5.02 million.

Odaily Planet Daily reports that Serenity criticized Bank of America's market views in an article published on the X platform, calling it a "malicious version of Bernstein/Jim Cramer" that could mislead retail investors. Reportedly, Bank of America claimed the Korea Composite Stock Price Index (KOSPI) and the Korea ETF (EWY) were in an "extreme bubble" state, drawing parallels to the March silver crash, leading some retail investors to sell their positions. However, the Korean stock index subsequently surged, nearly doubling and reaching a record high. Serenity added that Bank of America recently proposed a "three-rate-cut-by-2026" prediction, which deviates significantly from derivatives market pricing. Currently, the market considers this scenario to have a near 0% probability. Such predictions could trigger panic among retail investors and contradict the Trump administration's previous stance on rate cuts. As a major US bank, issuing such "garbage predictions" and disseminating them to retail investors is a harmful act.

According to Odaily Planet Daily, the Korea Exchange suspended trading for 20 minutes after the KOSPI index fell by 8%, triggering a circuit breaker.

Odaily Planet Daily reports that SoftBank Group founder Masayoshi Son stated at the annual shareholders' meeting of SoftBank's Japanese telecommunications division on June 23 that building data centers in space has almost no practical value, and the future competition in AI will still be determined by terrestrial computing infrastructure. In response to a shareholder's question about whether SoftBank would follow Elon Musk's example and build space-based data centers, Son explicitly stated his opposition. He pointed out that although space-based data centers are thought to reduce electricity costs, electricity expenditures account for only a small portion of data center operating costs compared to core hardware such as chips. Conversely, deploying data centers in space would also face high rocket transportation costs, maintenance difficulties, and communication latency issues. Son emphasized that in the AI industry competition, development in the next few years is far more important than plans for ten years from now, and SoftBank will focus on building robust data center infrastructure on land and adhere to a "first-mover advantage" strategy. Furthermore, SoftBank's Japanese telecommunications division is planning to enter the US AI-enabled Neocloud market.

According to Bijie.com, Masayoshi Son stated at the annual shareholders' meeting on June 23 that building space-based data centers has almost no practical value, and the outcome of the AI competition will be determined by computing power on land. He explicitly rejected SoftBank's plan to emulate Elon Musk's space-based data center initiative, pointing out that electricity costs account for only a small portion of data center operating costs, and relocating to space would incur high rocket transportation costs and maintenance difficulties. Son emphasized that the AI battle in the coming years is more crucial, and SoftBank will focus on building powerful data centers on land and plans to enter the emerging US AI cloud computing market.