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On June 5, emerging market assets fell for the third consecutive trading day, led by the South Korean stock market, as investor enthusiasm for artificial intelligence stocks waned. The MSCI Emerging Markets Index dropped 1.7% to 1728.66 points, with the South Korean KOSPI index plummeting by 7% at one point on Friday. Following Broadcom's AI chip sales outlook falling short of market expectations, chip manufacturers like Samsung Electronics and SK Hynix led the decline, with these two companies accounting for more than half of the market capitalization of the Korean composite index. After two consecutive weeks of gains, emerging market stocks and currencies are expected to record a weekly decline this week. Charu Chanana, Chief Investment Strategist at Saxo Markets, stated: 'Broadcom is a trigger that reminds the market how excessive expectations have become; investors have priced in many perfect expectations for AI, so even a small disappointment can lead to a significant revaluation. If the non-farm payroll data is stronger than expected, it may provide another excuse to cut AI investments.' (Jin Shi)

BlockBeats News, June 5th, According to an official announcement, the Hong Kong Monetary Authority (HKMA) today announced the establishment of a Tokenized Bond Expert Group, bringing together industry representatives with relevant experience and a focus on the development of the tokenized bond market in Hong Kong to further promote the application of tokenized bonds in Hong Kong and expand their potential. The expert group includes representatives from industry associations, financial institutions, law firms, as well as representatives from financial infrastructure and technology providers. Building on the progress made in various tokenized bond-related initiatives by the HKMA to date, the expert group will collectively explore policy measures, market practices, and innovative solutions.

According to Arkham monitoring, a major ZEC whale has posted a daily unrealized loss of 70 million US dollars. The whale previously held ZEC worth 174 million US dollars, but the value of their holdings has halved compared to yesterday, resulting in a 70 million dollar loss in 24 hours. This whale has not sold any ZEC for six consecutive months.