News

BlockBeats News, June 23rd, according to Bitget market data, the world's first pure-play memory ETF, Roundhill Memory ETF (DRAM.US), was hit by a wave of selling in Asian storage stocks. Today, in pre-market trading, the stock plummeted by 13.39% and is currently trading at $69.87.

Golden Ten Data reported on June 23 that as large quantities of Middle Eastern oil flood into Europe, key indicators in the North Sea crude market are showing signs of weakness, intensifying market concerns about an oversupply following the reopening of the Strait of Hormuz. In S&P Global Commodity Insights' Platts pricing window, Forties crude—one of the six oil grades underlying the global Dated Brent benchmark—fell to its lowest level in two years on Monday. Another key component of the Dated Brent benchmark, WTI Midland crude, dropped to a three-month low. The weakening of the North Sea benchmark follows a surge in Middle Eastern exports, with a huge supply flowing back into the global oil market. The Dubai benchmark has already shown softness, with its spread widening further to a futures premium structure, which typically signals ample supply. Traders said that although shipping traffic through the Strait of Hormuz has not fully returned to normal, concerns about oversupply are mounting.

ChainCatcher reports, according to Coinglass data, whales on the Hyperliquid platform currently hold positions totaling $4.191 billion, with long positions at $2.109 billion accounting for 50.34% of the holdings, and short positions at $2.081 billion accounting for 49.66%. The profit and loss for long positions is -$180 million, while the profit and loss for short positions is $96.3867 million.