News

BlockBeats News, June 26th, SecondFi Update on Incident Funds Recovery Progress: The final balance snapshot was taken on June 26th as an accurate record for the subsequent asset recovery. The engineering and security teams have completed balance verification and recovery mechanism evaluation. It is expected that asset returns will begin in approximately two weeks, with about one week for the implementation of the solution and another week for testing and review, with the specific timeline subject to adjustment based on progress. SecondFi has stated that it will resume operations after confirming the platform's security and completing all security reviews. Currently, users only need to submit an application via a support ticket and are not required to take any other actions.

BlockBeats News, June 26th - Goldman Sachs Group strategist Christian has stated that in the artificial intelligence (AI) trading sector, the investment appeal of large-cap tech stocks may further increase as chipmaker stock prices continue to fluctuate. Currently, the leading sector in the market is chip companies and AI capital expenditure beneficiaries, rather than hyperscale cloud service providers; these chip stocks belong to a highly volatile sector in the AI industry chain, with a large amount of funds heavily invested with leverage through ETFs, options, and other instruments. "If the upward momentum of the AI sector continues to improve, investors should increase their allocation to cloud service providers and reduce their holdings of semiconductor stocks. Semiconductors are the most volatile link in the AI capital expenditure chain."

Odaily reported that US stock futures collectively fell on Friday, with the technology sector leading the decline. Concerns about rising AI infrastructure costs and a slowdown in financing pace have intensified. Nasdaq 100 futures fell 1.2%, S&P 500 futures dropped 0.5%, and Dow Jones futures slipped by 67 points (-0.1%). Chip stocks generally weakened, after reports surfaced that OpenAI is considering delaying its IPO until next year due to increased volatility in AI-related stocks, unstable market sentiment, and even being affected by SpaceX's weak performance after its own listing. The JPMorgan trading team pointed out that this news reinforces market worries about the sustainability of investment in AI infrastructure and could impact the pace of future capital market financing. Vital Knowledge analyst Adam Crisafulli also stated that a delayed IPO may slow the overall expansion rate of spending on AI infrastructure. In the chip sector, Philadelphia Semiconductor-related stocks came under pressure, with ON Semiconductor plunging more than 13% due to its acquisition of Synaptics. Both Micron Technology and another exchange posted declines of over 5%. The XLK, which tracks the technology sector, dropped 1.6%, extending losses from the previous trading day. (CNBC)