On June 30, according to the Science and Technology Innovation Board Daily, Kimi's recent financing round, which valued the company at $20 billion, has been completed, and a new financing round has been initiated, raising the pre-investment valuation to $31.5 billion. According to sources close to Kimi, the company disclosed its latest revenue data during this financing communication: by mid-June, the ARR (Annual Recurring Revenue) surpassed $300 million. The revenue growth in this round is primarily driven by increased developer usage and API revenue resulting from model iterations. Currently, API revenue accounts for over 70% of Kimi's total revenue and continues to rise. Kimi's revenue curve is beginning to show characteristics of the early commercialization phase seen in Anthropic: increased developer engagement, a higher proportion of API revenue, growth in overseas paying users, and a price structure uplift driven by model capability iterations.

On June 30, WTI crude oil futures fell below $70 per barrel, currently reported at $69.958 per barrel, down 1.12% for the day.

On June 30, the KOSPI index in South Korea increased by 3%, reaching 8647.03 points.

On June 30, news emerged that the global AI boom has driven the stock prices of Samsung Electronics and SK Hynix to historic highs this year. However, this surge has also exposed the structural vulnerabilities of the South Korean stock market, which is not accustomed to extreme volatility. Currently, SK Hynix and Samsung account for a record 60% of the KOSPI index, up from about 40% two years ago. Last week, after a significant market downturn, regulators intervened twice to suspend KOSPI trading to stabilize market confidence. Plans to introduce large-cap stock options, including those for SK Hynix, have been postponed. One concern is that retail investors are borrowing money to buy shares of Samsung and SK Hynix, which could expose them to margin call risks—where brokers require additional cash when stock prices fall below a certain level. The excessive concentration of market risk in these two stocks may also prompt institutional investors to withdraw, thereby amplifying downward pressure on stock prices. Matthieu Lacheteau, head of equity research at Baosheng, stated that the recent market trends serve as an important reminder of concentration risk. When investor positions become crowded, high volatility should be expected.

On June 30, according to Yicai, analysts believe that the expansion plans of the two major South Korean memory manufacturers are primarily aimed at server DRAM (Dynamic Random Access Memory) and HBM (High Bandwidth Memory) products. Whether this will affect the competitive landscape in the memory market will depend on the capacity expansion plans released by other manufacturers. TrendForce analyst Xu Jiayuan stated that the new factory production timelines are likely to fall between the second half of 2027 and 2028, and that the DRAM supply shortage will be difficult to reverse before then. Regarding whether the latest expansion plans from South Korean manufacturers will impact the memory competition landscape, he noted that AI-driven demand growth is strong, and it is expected that various suppliers will successively release their capacity expansion plans. Ultimately, each supplier's market share will depend on the implementation of their expansion plans and customer composition. 'Samsung Electronics and SK Hynix's expansion plans from 2026 to 2030 are primarily aimed at securing long-term orders from large cloud providers, thereby increasing their market share in high-margin server DRAM and HBM.'

On June 30, Chua Han Teng, a senior economist at DBS Group, stated in a report that as tensions between the U.S. and Iran ease, Singapore's GDP growth outlook for the second half of the year is becoming optimistic. With improvements in financial markets, business, and consumer confidence amid a reduction in geopolitical tensions, the country's economy may benefit. There also appears to be further development potential in the global AI-driven technology cycle. As major hyperscale cloud service providers strengthen their AI infrastructure, demand for Singapore's storage chips, server-related products, and semiconductor equipment will be boosted. DBS Group has raised its GDP growth forecasts for Singapore for 2026 and 2027 from 2.8% and 2.3% to 4.3% and 3.0%, respectively.

On June 30, South Korea's KOSPI index increased by 2%.

On June 30, according to SoSoValue data, the Ethereum spot ETF experienced a total net outflow of $30.04 million yesterday (Eastern Time, June 29). The Ethereum spot ETF with the highest net inflow yesterday was Blackrock's ETF ETHA, which saw a net inflow of $5.8693 million, bringing its historical total net inflow to $11.086 billion. Following this was Fidelity's ETF FETH, with a net inflow of $5.2520 million, currently totaling $2.113 billion in historical net inflows. The Ethereum spot ETF with the highest net outflow yesterday was Blackrock's Staked ETH ETF ETHB, which had a net outflow of $37.549 million, with a historical total net inflow of $520 million. As of the time of this report, the total net asset value of Ethereum spot ETFs is $8.594 billion, with an ETF net asset ratio (market value relative to total Ethereum market value) of 4.4%, and a cumulative historical net inflow of $10.873 billion.

On June 30, the Bank of Japan appointed Ayano Sato, seen as a supporter of loose monetary policy, as a new policy board member. This appointment increases the likelihood of two dissenting votes on future interest rate hike proposals. Although the nine-member committee still maintains a hawkish stance overall, this structural change may slow the pace of policy tightening by the Bank of Japan. Additionally, the committee's most steadfast hawkish members, Naoki Tamura and Hajime Takeda, will leave their positions in July next year, adding uncertainty to the path of policy tightening. Sato is scheduled to hold a press conference on Tuesday at 5 PM Tokyo time (4 PM Beijing time), and the market will closely watch whether she aligns with Masayoshi Amamiya in opposing further tightening. Her formal policy debut will occur at the meeting on July 30-31, where it is widely expected that the Bank of Japan will keep interest rates unchanged. The market will weigh the evident monetary caution of Sato, related to the financing costs of government investment plans, against the Bank of Japan's established position of continuing to tighten policy in response to price pressures driven by energy shocks.

On June 30, news emerged that, according to SoSoValue data, the total net outflow from Bitcoin spot ETFs reached $231 million yesterday (Eastern Time, June 29). The Bitcoin spot ETF with the highest net inflow yesterday was the ARK ETF from Ark Invest and 21Shares, with a single-day net inflow of $49.969 million, bringing its historical total net inflow to $1.209 billion. Following this was the Grayscale ETF GBTC, which saw a net inflow of $35.1026 million yesterday, while its historical total net outflow now stands at $27.108 billion. The Bitcoin spot ETF with the largest net outflow yesterday was the Blackrock ETF IBIT, which experienced a net outflow of $300 million, with its historical total net inflow currently at $60.466 billion. As of the time of this report, the total net asset value of Bitcoin spot ETFs is $73.190 billion, with an ETF net asset ratio (market cap relative to total Bitcoin market cap) of 6.05%, and a historical cumulative net inflow of $51.375 billion.