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BlockBeats News, June 8th. The Asian market on Monday continued last week's brutal sell-off, with the South Korean KOSPI index plummeting over 8%, led by the semiconductor sector. Mark Vale, Investment Director at Lucerne Asset Management, stated, "This wave of movement appears to be more of a unwind of positions and momentum strategies, rather than a reassessment of the long-term artificial intelligence story. South Korean tech stocks have long been among the best-performing stocks globally. With a highly concentrated market positioning, these stocks naturally became a source of liquidity when interest rate expectations shifted after last week's non-farm payroll report. The key question now is whether the AI spending of mega-cap companies will slow down. At this stage, we have not seen evidence of this."

On June 8, Micron Technology rose over 7% in pre-market trading, following news that the company is set to be included in the SP 500 index.

On June 8, according to CoinMarketCap, JPMorgan has taken a cautious stance on cryptocurrencies, warning that Strategy's cash reserves can only cover 6.3 months of dividends, and estimating the likelihood of the CLARITY Act being passed at below 50%.