加密城市 Crypto City

On June 8, the Taiwan stock market experienced a sharp decline of over 2,600 points, setting a record for the largest intraday drop in history, with panic spreading from last Friday into Monday. However, amidst the sea of red, a user-created visual tool for 'sector rotation' quickly circulated on Threads, revealing that institutional capital was quietly entering the market at lower prices.
This article will dive into the usage of this tool, helping readers seize the dip-buying opportunities.
What is 'sector rotation' in the Taiwan stock market? How do you use this tool?
The term 'sector rotation' refers to the phenomenon where capital flows within different industries in the stock market, leading to alternating bullish trends. This visual tool developed by user Ryan Chen at sectorrotation.netlify.app categorizes Taiwan's listed companies into dozens of sectors and presents the capital flow of institutional investors over the past 5 and 20 days using bubble charts. The horizontal axis represents the cumulative amount of capital inflow or outflow, while the vertical axis indicates the acceleration or deceleration of capital inflow. The size of the bubbles reflects the scale of capital over the last 20 days.

Asian stock markets are getting wrecked, FX Warrior Kuryumi laments on Twitter
Today (6/8), Asian stock markets including Taiwan, Japan, and South Korea experienced significant drops, causing retail traders to wail on social media! The official X account (originally Twitter) for the well-known investment (cautionary) comic (FX Warrior Kuryumi) even posted an image with the phrase: 'Where did the profits go?', vividly reflecting the current sentiment of investors.
Source: FX Warrior Kuryumi's official Twitter
FX Warrior Kuryumi's original author reveals current investment situation
(FX Warrior Kuryumi) The original author, Demunyan, posted this morning stating that even though the stock prices are tanking today, he personally has almost zero positions, so his assets haven't actually decreased. However, he also mentioned that as of today, his assets have not increased and are even in a negative state overall.

The legendary crypto trader Eugene, known for his precision trading, recently expressed a bearish outlook on Bitcoin's future and has moved his funds to traditional stocks. The next day, Bitcoin whale MicroStrategy hinted at buying after selling a small amount of Bitcoin, trying to restore market confidence, and Bitcoin bounced back to around $63,000.
Legendary trader Eugene: Switching to the stock market, not catching falling knives
Eugene revealed on his personal Telegram channel that as early as mid-May, he indicated that Bitcoin's performance was below expectations and emphasized the need for strict risk management and a trading pause.

On-chain data platform Arkham today posted on X with the title 'MACHI BIG BROTHER: HYPERLIQUIDATED', highlighting that Taiwanese artist and NFT player 'Machi Big Brother', Huang Li-Cheng, has incurred a cumulative loss of up to $80 million (approximately 2.5 billion TWD) over the past year trading crypto perpetual contracts on the decentralized platform Hyperliquid.
Arkham pointed out that this is the first time he faced liquidation without immediately topping up his account with margin, raising market concerns about whether his high leverage trading has come to an end. Arkham itself is an on-chain intelligence and address tagging platform, focusing on tracking wallets, on-chain transactions, and the activities of major traders.

Big contracts before the SpaceX IPO: Google splashes cash on computing power rental.
SpaceX, which is about to become the biggest IPO in history, has just secured another massive revenue stream right before its listing. The SEC dropped a bombshell last Friday revealing that Google has inked a huge cloud service deal with SpaceX, set to kick off in October 2026 and running through June 2029, where they'll be shelling out up to $920 million a month for AI computing power.
Over the entire partnership, Google is set to pay a total of around $30 billion, not only pumping a huge amount of capital into SpaceX but also providing substantial financial backing for its claimed IPO valuation of up to $1.75 trillion.

According to (Yahoo Finance) reports, U.S. President Trump stated on Air Force One on June 5 that next week he will meet with top executives from OpenAI, Anthropic, Google, Meta, and SpaceX to discuss the potential for government equity stakes.
Trump described this direction as having 'very interesting points, almost becoming a kind of partnership'. Following Intel, rare earths, and quantum computing companies, the U.S. government is set to add AI to its list of industries for direct equity holdings.
The disclosure of the five-company list and SpaceX's inclusion changes the IPO valuation equation.
Trump has called out five companies involved in AI model development (OpenAI, Anthropic), cloud and advertising ecosystems (Google, Meta), and rocket launches and data center builds (SpaceX). SpaceX making the list is crucial new info: they are currently on an IPO roadshow with a valuation of about $1.8 trillion. If the U.S. government enters with equity, it will directly rewrite the IPO's valuation and governance structure—on one hand providing a government endorsement, and on the other potentially introducing launch and data center policy restrictions.

Taiwan's index dropped 2,600 points, Korean stocks hit the circuit breaker, and the Asian markets opened unfavorably this morning.
This morning's Asian session faced heavy sell pressure, with both the Korean and Taiwanese stock markets taking a significant hit. The Korean market plummeted, triggering a circuit breaker (trading halt), and the Taiwan index opened down over 2,600 points.
While the Asian stock markets opened unfavorably this morning, Bitcoin, which has been on a downtrend lately, started to rebound after dropping below $60,000, climbing back to around $63,000, with a recent 24-hour high reaching $64,235.
Taiwan and Korea's stock markets are in turmoil, and this week marks the debut of SpaceX's IPO.
The Asian stock markets are in a dire state today, marking three consecutive days of decline. The Taiwan index saw a sharp drop of over 2,600 points in the early session, dipping to around 42,389 points; TSMC opened down 135 TWD to 2,230 TWD, setting a record for the largest intraday drop in value.

On May 27, the Supreme People's Court of China stated that due to the recent continuous increase in cases involving virtual assets, it will strengthen the research on adjudication rules for new types of cases, placing them alongside cross-border financial cases as two major research focuses. According to Bloomingbit, citing content from the Supreme Court press conference, this statement continues the regulatory line established in February regarding virtual asset activities.
Liu Guixiang: Virtual assets and cross-border finance are two major new types of case research directions.
Liu Guixiang, a member of the Judicial Committee of the Supreme People's Court, pointed out at a press conference that the Supreme Court will 'deeply study' the adjudication rules for new types of cases related to virtual assets and cross-border finance, while also issuing judicial interpretations on civil compensation for insider trading and market manipulation cases.

The cross-border payment startup Tokenz announced on June 2nd that it has completed Series A funding, raising a total of 1 billion yen (approximately NT$197 million). This round was led by Headline Asia, with new investors SBI Investment and New Commerce Ventures participating, alongside existing investors Hsin Yuan Capital, Coral Capital, US venture capital NEA (New Enterprise Associates), and the 'Shinhan-GB' fund jointly operated by Shinhan Venture Investment and Global Brain all increasing their stakes.
This funding will be used to accelerate product development and expand a global support system centered on Japan, Taiwan, Singapore, the USA, and Lithuania, while also speeding up the recruitment of top-tier professionals in the settlement and FinTech sectors.

US Senator Bernie Sanders has announced plans to introduce the (American AI Sovereign Wealth Fund Act), advocating for a one-time 50% equity tax on top AI companies like OpenAI, Anthropic, and xAI, to establish a sovereign wealth fund that makes AI wealth belong to the public. Ethereum co-founder Vitalik Buterin publicly criticized this on social media, stating that the AI industry is heading towards nationalism and fostering monopolies among tech giants.
Sanders: AI is a product of collective human intelligence, and wealth shouldn't be monopolized by a few.
In an article for the (New York Times), Sanders pointed out that artificial intelligence does not emerge from thin air; the generative AI tools rely on data and language accumulated over generations from books, songs, artworks, news, code, scientific research, and everyday conversations, representing a true crystallization of collective human wisdom.

As Taiwan's draft Virtual Asset Service Act heads to the Legislative Yuan, the financial sector is gearing up. In April, Professor Hsieh Ming-Hua from National Chengchi University's Risk Management and Insurance Department, who also serves as the Chairman of the Taiwan Asia-Pacific Regulatory Technology Association, led a delegation of Taiwan's financial industry to Tokyo, Japan. They visited institutions such as Nomura Securities and SBI, observing Japan's developments in stablecoins and the tokenization of real-world assets (RWA).
Chain News interviewed Hsieh Ming-Hua during the trip, discussing what Taiwan can learn from Japan and his views on topics like deposit tokens, central bank digital currencies (CBDC), and earning yields on stablecoins.

xAI is recruiting Chinese AI Tutors, salary details revealed.
Elon Musk's xAI is looking for 'Chinese AI Tutors' to enhance its AI chatbot Grok's multilingual voice interaction and recognition performance through high-quality voice data annotation and audio processing.
According to the official xAI recruitment page, the Chinese AI Tutor position offers flexible options like full-time, part-time, or contract, and successful candidates can work remotely from anywhere in the world.
In terms of salary, U.S. applicants can expect an hourly rate between $35 and $45 (approximately 1104-1420 TWD), with actual pay adjusted based on experience and education. For international candidates, salary levels will be discussed during the recruitment process.

Seeing a doctor in the U.S. isn’t a walk in the park, and navigating the insurance maze is even tougher. Clinic admins are stuck using 20-year-old fax machines, broken accounting software, and endless Excel sheets just to get the insurance companies to pay out.
I once had severe eczema, and just booking a doctor's appointment was a major hassle. Filling out insurance paperwork and data afterwards took forever,” said Chen Zhaoqing, co-founder of Nitra.
This is exactly the issue Nitra aims to tackle. Nitra offers clinics a one-stop platform for admin, procurement, and payment processes, successfully raising $187 million (approximately NT$5.98 billion) by March 2026, with an annual trading volume exceeding $1 billion.

Just when crypto investors were hoping for a Bitcoin rebound, Bundy, who co-founded Atlas Capital with 'Dr. Doom' Nouriel Roubini, threw out a shocking prediction: Bitcoin could plummet 70% in the next 6 months, dropping to the $26,000 – $30,000 range; however, after weathering this painful phase, it could skyrocket to $150,000 – $500,000 in the coming years.
Reza Bundy recently gave an interview to CoinDesk at the 'Proof of Talk' forum in Paris, where he threw some cold water on the usually optimistic vibe in the crypto space and issued a stern macro warning:

Author: Damir Tokic, Finance Professor, Seeking Alpha Analyst
With tech stocks leading the charge, the S&P 500 is inching closer to its all-time high valuation, signaling that a massive bubble has formed. At the same time, the Iran conflict could trigger inflation shocks, causing oil prices to skyrocket and US bond yields to rise. The current situation seems to be escalating, significantly increasing the chances of this grim forecast becoming a reality. Although the Fed officially maintains a dovish stance for now, the market has already started pricing in rate hikes. Therefore, the Fed's pivot to a hawkish tone in June is likely to be the spark that bursts this bubble.

Once seen as Ethereum's strongest competitor, the blockchain star is now facing its most severe test since inception. With the Cardano (ADA) ecosystem analytics platform TapTools announcing its shutdown, Cardano's founder Charles Hoskinson issued a grave warning: under the dual pressure of a sluggish crypto market and tightened funding, this year could see a wave of project 'liquidations' in the Cardano ecosystem.
Meanwhile, yesterday ADA's price continued to hit new lows, dropping another 13.7% in the past 24 hours. The current trading price is $0.1878, marking a new all-time low in over 5 years, raising doubts about the future development of Cardano.

AI travel agent Travala Travel MCP is live
According to (The Block), the crypto travel booking platform Travala announced yesterday (6/4) the official launch of the 'Travala Travel MCP' end-to-end AI travel agent protocol.
This new tech allows autonomous AI agents to search for, book hotels, and handle payment settlements without any human intervention until the final authorization phase. This makes Travala the latest use case adopting the x402 open payment standard, enabling AI agents to complete seamless payments directly online.
Quick info: What is the x402 protocol? Behind the x402 meme coin hype, you should understand the upcoming payment revolution.

Zcash (ZEC) exposed vulnerability triggers price crash
The well-known privacy coin Zcash ($ZEC) had its Orchard transaction pool revealed to contain a security vulnerability that could allow attackers to mint an unlimited amount of undetectable counterfeit ZEC tokens. The news triggered market panic, causing Zcash's price to plummet over 55%, with the current trading price at $258.63, marking one of the most severe single-day drops.

Shielded Labs announced this discovery on social media, having hired security engineer Taylor Hornby in April 2026 to review the protocol.
On May 29, he used the AI model Claude Opus 4.8 to identify the vulnerability and immediately reported the finding to the Zcash development team, ZODL. Shielded Labs pointed out that the flaw originated from insufficient constraints in elliptic curve multiplication, potentially allowing the system to approve incorrect inputs.

According to NOTUS, the U.S. government is in preliminary negotiations with major AI companies to acquire a partial stake, with potential returns possibly distributed as dividends to all American households. However, this topic has sparked widespread discussion in both political and industry circles due to its implications for AI regulation and free market principles.
OpenAI first proposed a public wealth fund, and Trump privately expressed his support.
Three insiders revealed that senior officials in the U.S. are in closed-door talks with several AI companies regarding the topic of 'government equity'. OpenAI CEO Sam Altman pitched this idea directly to President Trump back in early 2025, advocating for government stakeholding to distribute the economic windfall brought by AI more broadly to the general public.

Why is MicroStrategy discussing Bitcoin's drop? The answer is related to AI.
Bitcoin has dropped 22.7% in the last four weeks, and MicroStrategy's (Strategy) decision to offload a small amount of Bitcoin has shaken investor confidence. Founder Michael Saylor analyzes that the primary reason for the downturn is capital rotation into AI, asserting that assets haven't depreciated, though the bears hold a contrary view.
On-chain analytics firms Glassnode and CryptoQuant's CEO Ki Young Ju are guiding investors to understand the current market structure shift through data.
MicroStrategy believes it's a capital rotation, while the bears worry about market dysfunction.