Delphi Digital said tokens newly listed on major centralized exchanges since January 2025 have broadly underperformed, with most trading below their listing prices. According to ChainCatcher, the firm’s latest report estimates that buying each newly listed token with $1,000 would have declined to about $500, while the median token is down 82% and only 12% trade above their listing price. Delphi Digital attributed the cycle’s drag to several structural factors, including insider allocations unlocking on fixed schedules rather than performance-based mechanisms. It said each average unlock has led to an estimated 7% loss in excess returns relative to Bitcoin. The report also said protocol revenue has been difficult to route to tokenholders, and that airdrops have increasingly served as exit liquidity. The report noted that some major DeFi protocols have begun enabling “fee switches,” citing Hyperliquid, Uniswap, Jupiter, and Aave. It said these mechanisms, including buybacks and token burns, are being used to return revenue to holders, and that a revenue-weighted basket of such tokens has significantly outperformed BTC, ETH, and SOL this year. Delphi Digital said tokens that combine revenue distribution to holders with supply mechanisms tied to performance may offer a stronger long-term allocation case.

UBTECH (09880.HK) said presales for its YouWorld consumer humanoid robot on JD.com surpassed 3,000 units in eight days. According to Jin10, the company stated that presales for its full-size, highly biomimetic humanoid robot under the YouWorld brand opened on JD.com and that the cumulative number of early reservations exceeded 3,000 units after eight days.

A Nasdaq-linked ETF managed by China Asset Management said its secondary-market trading price has recently been significantly higher than its indicative net asset value (iNAV), resulting in a sizable premium. According to Jin10, the fund said that on June 9, 2026, its secondary-market closing price was 2.351 yuan, while the iNAV at the close was 2.1876 yuan. The manager said that if the premium does not effectively retreat on June 10, it may apply for measures such as a trading suspension to warn of risks. The fund said investors trading the product face not only risks from NAV fluctuations but also other factors that could lead to losses. It added that the fund is operating normally and that there is no undisclosed information that should be disclosed.

Asian stocks staged a partial rebound on Tuesday after a sharp sell-off a day earlier, as investors returned to AI-related shares and easing Middle East tensions weighed on oil prices. In Hong Kong, the Hang Seng Index opened down 105 points, or 0.43%, at 24,551, according to RTHK, while the China Enterprises Index fell 27 points, or 0.33%, to 8,313 and the Hang Seng Tech Index slipped 12 points, or 0.26%, to 4,743. On the mainland, the Shanghai Composite opened up 18 points, or 0.46%, at 3,977, while the Shenzhen Component rose 171 points, or 1.16%, to 14,992 and the ChiNext Index gained 53 points, or 1.41%, to 3,865. Japan’s Nikkei 225 opened 601 points, or 0.9%, higher at 64,625. South Korea’s Kospi rose more than 3% at one stage before midday after opening nearly 3% higher, as investors bought beaten-down technology stocks following the market’s steepest one-day decline in three months on Monday. The rebound followed a recovery on Wall Street as investors bought cheaper assets after a sell-off driven by bets on a US interest rate hike and warnings over tech valuations. Data showing the US created more than double the expected number of jobs in May added pressure on the Federal Reserve to tighten policy amid surging inflation. The earlier sell-off was also linked to disappointing revenue forecasts from chipmaker Broadcom, which rattled sentiment around the AI sector that has helped drive markets to record highs this year.

Traders have been actively building short positions in U.S. stocks, while bullish bets on the technology sector remain overly crowded, raising risks for the market. According to Jin10, Citi strategists said the combination of increasing short exposure and still-high optimism toward tech has added to market vulnerability.

32비트코인 규모의 매도 물량, 제로코인(ZEC) 보안 취약점으로 인한 공포, 예상치를 상회한 비농업 고용 지표에 더해 수십억 달러 규모의 집중 청산이 겹치며 시장은 급락했다. 이후, 세일러는 시장 흐름에 역행하며 저가 매수에 나섰다.

론 바론은 스페이스X의 예상되는 기업공개(IPO)를 앞두고 이미 약 150억 달러 상당의 지분을 보유하고 있는 데 이어, 추가로 10억 달러를 투자할 계획이다. 이 억만장자 투자자는 자신의 지분을 매각하지 않을 것이라고 밝혔으며, 향후 10년 내에 스페이스X가 세계에서 가장 가치 있는 기업 중 하나가 될 수 있을 것으로 전망하고 있다.

만약 그저 “AI 열풍의 수혜자가 된 행운아”를 질투하기만 한다면, 결국 기회를 놓치게 될 뿐이다.

자본이 진정으로 구매하는 것은 어쩌면 연산 능력 그 자체가 아니라, 연산 능력을 지속적으로 제공하기 위해 필요한 전력, 토지, 네트워크 접속 및 인프라 역량일지도 모릅니다.

서버실 구축, 냉각 시스템 설치, PUE 조정과 같은 업무는 과거에는 주로 클라우드 업체와 통신 사업자의 전유물이었으나, 이제 모델링 회사들이 직접 나서고 있다는 것은 컴퓨팅 성능에 대한 통제력과 비용 효율성을 추구하는 노력이 극에 달했음을 의미합니다.

이 글에서는 Humanity Protocol 해킹 사건을 정리하고, 팀 측이 가격을 부풀려 매도하고 있다는 추측이 왜 쏟아지는지 살펴본다.

아서 헤이즈: AI 거품이 터지면 금융 위기가 촉발되어 이른바 ‘대규모 통화 공급(Big Print)’이 이루어지게 될 것이다.

오픈AI는 미국 규제 당국에 S-1 서류를 비공개로 제출하며 잠재적인 기업공개(IPO)를 위한 공식 절차를 시작했으나, 구체적인 일정은 정하지 않았으며 당분간은 비상장 상태를 유지할 수도 있다고 밝혔다.

인공지능, 두바오, AI 에이전트, 투자, 유동성, LP로서 두바오를 통해 배운 투자: 한 사모펀드 GP의 전직기, 골든파이낸스, LP: 가장 직접적이고 직설적인 수익 창출 전략을 알려주실 수 있나요?

OpenAI, SpaceX, Anthropic은 모두 막대한 기업 가치를 바탕으로 상장을 추진 중이며, 총 조달 규모는 1,000억 달러에 달할 것으로 보인다. 누가 먼저 상장하든 이 신생 산업을 주도하게 될 것이며, AI 기업에 투자하고자 하는 막대한 자금을 선점할 수 있을 것이다.