News

Data shows that in April, out of the newly registered imported cars in South Korea, European-made vehicles ranked first with 16,800 units, followed by American-made, Chinese-made, and Japanese-made cars. According to Yonhap News Agency, this is the first time that Chinese-made cars have surpassed Japanese-made ones in South Korea's imported car market. Korean media generally view this ranking as an important signal of a shift in the structure of the country's imported car market. The Korea Economic Daily reported that Chinese car brands are rapidly increasing their presence in the South Korean market.

BlockBeats News, June 2, according to Hyperinsight monitoring, the largest HYPE short seller "Trader Loracle" has been continuously reducing positions and cutting losses since HYPE surged over $70. From yesterday to today, the total reduction has exceeded $90 million. The scale of his 5x leveraged short position has decreased from $102 million to $9.2 million, with current losses still at $3.4 million (-74%). As of the time of writing, he is still placing buy orders. If the liquidation is completed, the loss may exceed $30 million. During the weekend, Loracle transferred his on-chain 893,000 HYPE tokens to Hyperliquid. With the price increase, the value of this spot position has appreciated from $54.5 million to $65 million and is currently held on the spot side without being sold. Over the past month, this whale has unlocked a total of 2 times, releasing a total of 1.115 million HYPE tokens (worth around $63.51 million). In a transparent on-chain record, on May 21 (the day HYPE hit a new all-time high), he sold 557,000 HYPE tokens, worth around $33.35 million. Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae

Glonghui, June 2nd – Looking at the trend from 2023 to the present, there has been a fundamental reversal in the relative strength between the US Philadelphia Semiconductor Index and the S&P Technology Software ETF: from 2023 to 2025, both tracked higher simultaneously, with the software sector consistently leading. However, after entering 2026, the semiconductor index showed a steep and independent rally, with a short-term increase of nearly 40%, reaching a new historical high, while the technology software sector fell about 30% from its peak during the same period. Currently, the semiconductor index has deviated severely from medium- and long-term moving averages, and is clearly in an overheated, overbought range, whereas the software sector is fluctuating at a relatively low level. This pattern of “overheating on one side and correction on the other” has created the conditions for a high-to-low rotation in market style, while the risk of profit-taking at high levels in the semiconductor sector is quickly accumulating. Glonghui’s proprietary “Tech Soft-Hard Ratio” (SOXX/IGV)—used to track market style preference and offering strong forward-looking insight—has climbed from a level below 2.0 during the same period in 2025 to nearly 6.0. Over the past three weeks, a downward trend has emerged, with the ratio retreating to around 5.3.