hodler

9 Jun 2026, 13:12

Foreign investors dump $62 billion in South Korean stocks as domestic traders absorb the blow

Foreign investors have sold more than 90 trillion won ($62 billion) in South Korean stocks so far in 2026, but domestic retail buyers have matched them nearly dollar for dollar. Local traders recently experienced a “Black Friday” where roughly 1.24 trillion won ($801 million) in foreign outflows from KOSPI-listed shares alone was recorded. South Korean “ants” are keeping the KOSPI running Foreign investors have pulled more than 90 trillion won ($62 billion) from South Korean equities so far this year, but the benchmark KOSPI index has still managed to rally more than 70% year-to-date due to domestic retail buyers , nicknamed the “ants” for their collective and coordinated purchasing power. The name was first used during the 2020-2021 pandemic rally, when Korean individual investors made similar coordinated purchases. Now, these ants have offset these massive outflows by pouring an estimated $70 billion back into the market. On June 5, a day now dubbed “Black Friday” by local traders, the KOSPI plunged over 5% in a single session as a single-day outflow of roughly 1.24 trillion won ($801 million) was recorded. However, the index stabilized within days as local investors bought the dip. The financial analysis firm, the Kobeissi Letter , cited Goldman Sachs data when it reported a net total of $75 billion in foreign outflows across all South Korean stocks for 2026, up to June 8, three days after Black Friday. Why are foreign investors selling if the market is doing so well? South Korean stocks , led by Samsung Electronics and SK Hynix, have surged so much that the country’s weight in global indices like the MSCI Emerging Markets Index has grown to nearly 21%. With South Korea’s large share of the global index, passive funds that simply copy that index have to sell some Korean stocks to keep their investments from holding a larger percentage of Korea than the index itself allows. Furthermore, the Korean won weakened to a 17-year low against the dollar during the sell-off , compounding losses for foreign holders, but the sheer scale of the profits made investors choose to cash out. The anticipated SpaceX IPO has also reportedly drawn capital back toward American markets. Interestingly, Kim Seok-hwan, a researcher at Mirae Asset Securities, stated that foreign ownership of KOSPI stocks actually rose to 39.43% of the total market cap as of mid-May because the value of the shares they held onto, like Samsung, skyrocketed. The KOSPI pushed past the 7,000-point level in early May for the first time and now ranks among the strongest major equity indices globally in 2026. However, even after the index crossed 7,000, foreign investors still offloaded more than 41 trillion won across nine straight trading sessions. $10 billion in net outflows was recorded in early June, with Samsung Electronics and SK Hynix bearing the brunt of the liquidation. Broadcom suffered a $285 billion market-cap wipeout in the same period, amplifying the damage and sending both stocks sharply lower. A separate MSCI review in mid-June will evaluate whether Korea qualifies for developed-market index inclusion. The smartest crypto minds already read our newsletter. Want in? Join them .

9 Jun 2026, 13:10

Monero (XMR) price forecast: Can the Cake Wallet integration spur a rebound?

Monero (XMR) price is down 21.5% over the past 30 days and sits nearly 60% below its all-time high of $797.73, which it reached on January 14, 2026. In the past 24 hours, the coin has pushed back up to around $326, gaining more than 2% on the day. The question now is whether this is the beginning of a genuine recovery or just a short-lived bounce in an otherwise weak trend. Two developments are driving the current price action: Cake Wallet's integration of XMR support into FOUNDATION's Passport Prime hardware wallet , and security engineer Taylor Hornby's announcement that he is adding Monero to his audit queue. Cake Wallet’s integration of XMR into Passport Prime Cake Wallet's move to integrate Monero support into FOUNDATION's Passport Prime hardware wallet is a meaningful step for XMR holders who prioritise self-custody. Hardware wallets represent one of the most secure ways to store cryptocurrency, and for a privacy coin like Monero, whose entire value proposition depends on users being able to hold and transact without exposure, this kind of integration matters. The timing of the announcement is also relevant. Binance recently delisted XMR due to compliance concerns, which directly reduced the coin's accessibility on one of the world's largest exchanges. When a major centralised platform removes a token, it typically forces holders to explore alternative custody and trading options. The Cake Wallet and Passport Prime integration steps directly into that gap, giving holders a credible off-exchange option for securing their XMR. The Taylor Hornby audit: a double-edged catalyst Taylor Hornby is the security engineer who used Anthropic's Claude Opus 4.8 AI model to uncover a critical vulnerability inside Zcash's Orchard privacy pool on May 29. The bug had gone undetected since May 2022 and, in theory, could have allowed an attacker to mint an unlimited supply of counterfeit ZEC without leaving any detectable trace. Shielded Labs, the nonprofit developer behind Zcash, pushed through an emergency fix before June 1 and publicly disclosed the flaw shortly after. ZEC fell 36% in the next 24 hours . Hornby was hired by Shielded Labs in April specifically to find protocol vulnerabilities before attackers could. When asked on X whether he would look into Monero and other privacy coins, his response was direct: "Absolutely! I'll add Monero to my queue of things to audit." https://twitter.com/DefuseSec/status/2062930571479929272?s=20 He also stated that other privacy-focused cryptocurrencies are on his list, meaning this is not a one-off review but a broader sweep of the privacy coin sector. For Monero, this creates a binary outcome. If Hornby's audit returns clean results, it would give XMR a meaningful credibility boost at a time when the market is already paying attention. Monero hides transaction details by default. Unlike Zcash, where users choose between transparent and shielded addresses, which means its privacy architecture operates under different technical assumptions. A clean bill of health from a researcher of Hornby's calibre would carry genuine weight. On the other hand, if a vulnerability is found, the Zcash precedent is hard to ignore. Monero (XMR) price technical analysis The overall crypto market sentiment is sitting at Extreme Fear, and Bitcoin dominance is running at 58.08%, which is historically high. When BTC dominance is this elevated, capital tends to stay concentrated in Bitcoin rather than rotating into altcoins. XMR is not immune to that pressure, and a further drop in Bitcoin below $62,000 would likely pull the broader altcoin market, including Monero (XMR), lower with it. From a technical standpoint, XMR is trading above its EMA-20 and EMA-50 on the one-hour chart but remains below the EMA-20, EMA-50, and EMA-200 on the daily chart. Monero price analysis The Ichimoku Kijun level at $310.34 is the immediate support to watch. MACD is signalling a strong buy, while the RSI sits at 62.36; elevated but not yet extreme. Stochastic RSI and CCI are both in overbought territory, which points to the possibility of a short-term pullback before any continuation higher. In case of the pullback, a break below $320, particularly if Bitcoin weakens further, could bring Monero (XMR) back to test the $300 area quickly. The post Monero (XMR) price forecast: Can the Cake Wallet integration spur a rebound? appeared first on Invezz

9 Jun 2026, 13:10

TON Foundation Confirms Toncoin Rebrand to Gram, Effective June 15

BitcoinWorld TON Foundation Confirms Toncoin Rebrand to Gram, Effective June 15 The Open Network Foundation (TON) confirmed via its official X account that its native token, Toncoin, will officially rebrand to Gram on June 15. The decision, approved by 81.22% of the community vote, marks a return to the token’s original name abandoned during past regulatory disputes with the U.S. Securities and Exchange Commission (SEC). Rebrand Details and Timeline According to the foundation’s announcement, the ticker will change from TON to GRAM at precisely 8:00 p.m. UTC on June 15. The foundation clarified that the blockchain itself will continue to be called The Open Network. Only the token’s name, ticker, and icon are being updated. The change does not affect the network’s underlying technology or existing token holders. The move follows a recent declaration by Telegram CEO Pavel Durov, who publicly advocated for returning the token to its original Gram branding. Durov’s statement earlier this year signaled a strategic pivot to reclaim the project’s early identity, which was shelved in 2020 after the SEC halted Telegram’s $1.7 billion Gram token sale, alleging unregistered securities offering. Background: From Gram to Toncoin and Back The Gram token was originally conceived as the native currency for Telegram’s blockchain platform, TON. However, after the SEC intervention, Telegram abandoned the project in 2020, and the community-driven TON Foundation rebranded the token to Toncoin to distance itself from the legal battle. The SEC case was eventually settled, with Telegram agreeing to return $1.2 billion to investors and pay an $18.5 million civil penalty. Now, with renewed regulatory clarity and a growing decentralized ecosystem, the foundation sees the rebrand as a way to honor the project’s roots while moving forward. The vote, which saw strong community support, reflects a desire to reclaim the original brand equity associated with the Gram name. Market and Community Implications For token holders, the rebrand is primarily cosmetic. Wallets, exchanges, and decentralized applications will need to update their interfaces to reflect the new ticker and icon. The foundation has stated that no action is required from users, as the transition will be handled automatically by infrastructure providers. However, traders should be aware that price feeds and listing pages may temporarily display both tickers during the transition period. The rebrand also carries symbolic weight. By returning to the Gram name, the TON Foundation signals a new chapter of regulatory compliance and mainstream acceptance. It also strengthens the brand’s association with Telegram, which, despite its legal separation, remains the network’s largest user base and most prominent advocate. Conclusion The Toncoin-to-Gram rebrand on June 15 represents a full-circle moment for one of the most closely watched blockchain projects in crypto. While the change is largely symbolic, it underscores the TON Foundation’s commitment to community governance and its effort to rebuild trust after the SEC conflict. Investors and users should prepare for the ticker update but can expect no disruption to the network’s functionality. FAQs Q1: Will my Toncoin tokens automatically convert to Gram? Yes. The rebrand is automatic. No action is required from token holders. Exchanges and wallets will update the ticker and icon on June 15 at 8:00 p.m. UTC. Q2: Why did the TON Foundation decide to rebrand back to Gram? The decision followed a community vote where 81.22% approved the change. It also aligns with Telegram CEO Pavel Durov’s public support for returning to the original Gram name, which was abandoned after the SEC lawsuit in 2020. Q3: Does the rebrand affect the blockchain or smart contracts? No. Only the token’s name, ticker, and icon are changing. The Open Network blockchain remains unchanged, and all smart contracts, dApps, and balances will continue to function normally. This post TON Foundation Confirms Toncoin Rebrand to Gram, Effective June 15 first appeared on BitcoinWorld .

9 Jun 2026, 13:09

XRP Is Approaching Its Best Buying Zone in 8 Years: Analyst Maps Out Ripple’s Path to $3

Ripple’s cross-border token might not be out of the woods yet after the recent price crash, and there could be even more pain ahead with a potential drop to and below $0.90. However, Ali Martinez has joined EGRAG CRYPTO in believing that such a dip is necessary for a major run toward $3.00 and well beyond that. XRP to $0.90 Before $3? In his latest video on X dedicated to the cross-border altcoin, Martinez told his over 165,000 followers that the asset has rebounded swiftly for nearly a decade every time it touches the rising trend line, which has marked a “major turning point.” The cryptocurrency has followed a similar path within those years, rocketing back to $3.00 on a more macro scale. The trend line is now the next key support level, located between $0.70 and $0.90. “If buyers defend this zone, a rally back to $3.00 becomes a realistic scenario,” Martinez noted . He was even more optimistic on XRP’s future if it finally manages to break past that eight-year resistance that has halted each major breakout attempt. He set the next macro targets at somewhere between $8.00 and $13.00. Although these numbers appear far-fetched, to say the least, given the current market conditions and environment, with XRP dumping to a 19-month low days ago, it’s worth noting that Martinez is not the only popular analyst to share such a view. EGRAG CRYPTO, another macro-focused market commentator, recently outlined a similar path for XRP, which included a dip toward $0.90 and a subsequent long-term recovery toward $8.00 or even $13.00. Big Whales Still Leading Switching back to more micro scales, CW focused on who has been active on the XRP spot trading scene. The analyst explained that “big whales” are still leading, and have continued to maintain their dominance for roughly four years. CW added that these large market players lead trading in accumulation phases and tend to stand clear when XRP’s price expands. As such, they have been particularly active since last October, given what happened to the broader crypto market and Ripple’s token. Big whales are still leading spot trading for $XRP . They have maintained dominance since July 2022. The periods in which they led trading were accumulation phases. They did not make significant orders during the uptrend phases. And they have been leading spot trading very… pic.twitter.com/4adSfYIlmQ — CW (@CW8900) June 9, 2026 The post XRP Is Approaching Its Best Buying Zone in 8 Years: Analyst Maps Out Ripple’s Path to $3 appeared first on CryptoPotato .

9 Jun 2026, 13:04

Bitcoin will hit new all-time highs within 3 years, Transform Ventures CEO says

9 Jun 2026, 13:02

Bitcoin inflows slow sharply in 2026 as investors chase AI, Bernstein says

Bernstein said bitcoin's increasingly diversified ownership base supports its long-term store-of-value thesis.