KOSPI Falls 8%, Triggers Circuit Breakers, as Big Tech Selloff Hits Asia
KOSPI sank more than 8% and Nikkei fell almost 3% as US big tech fears spread across Asia. Samsung and SK Hynix led losses in Seoul.
Cardano Launches Leios Musashi Dojo Testnet, With ADA at 5-Year Lows
Cardano's Leios scaling testnet, Musashi Dojo, goes live June 23 with a 30–65x throughput target and November 2026 mainnet goal.
China Bans Exports to 10 US Defense Firms Over Pentagon Military List
China's Commerce Ministry blocked dual-use exports to 10 American defense firms, hitting drone makers, aerospace contractors, and rare earth miners.
Meta To Pour $900 Million Into CRED as Its CEO Joins Meta
Meta will lead a $900 million (₹8,550 crore) Series H round in Indian fintech CRED, valuing the company at $4.5 billion (₹43,239 crore) post-money. The deal combines primary and secondary share purchases. In addition, founder Kunal Shah will step down as CEO to join Meta’s global leadership team. Meta Joins CRED Cap Table With $900
SpaceX Bond Offering Sends SPCX Down 16% for Worst Day Yet
SPCX shares tumbled 16% after SpaceX confirmed a $20B bond offering, capping three straight days of losses since its record IPO.
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