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On June 2, Citi Group strategists stated that overly bullish positions in U.S. tech stocks are putting investors at risk of a market reversal. The Citi team, including David Chave, noted that the ongoing enthusiasm for artificial intelligence themes has pushed bullish market bets to their limits, making the Nasdaq 100 index particularly vulnerable. "Concentrated long investments in this index 'increase the likelihood of profit-taking and long liquidations in the event of any negative factors,' and the downside risks in the market are increasing," they warned. Since bottoming out in late March, the S&P 500 index has risen by 20%, while the Nasdaq 100 index has soared by 33%. According to momentum indicators, the Nasdaq 100 index has been in an overbought state for nearly six weeks.

Golden Ten Data, June 2—Oriental Yuhong announced that, according to the agreement, Indonesia Oriental Yuhong plans to invest approximately 1,426,387,631,914 Indonesian Rupiah (equivalent to about 542.03 million RMB) of its own funds to acquire a 55% stake in PT IALK through capital increase and equity acquisition, and to acquire a 55% stake in PT Adhi Cakra Utama Mulia from the counterparty through equity acquisition. In this transaction: Indonesia Oriental Yuhong plans to invest 307,000,000,000 Indonesian Rupiah to subscribe for 3,046,421 newly issued shares of PT IALK, thereby acquiring a 14.47% stake in PT IALK. After the aforementioned capital injection is completed, Indonesia Oriental Yuhong plans to invest 859,512,631,914 Indonesian Rupiah to acquire a 40.53% stake in PT IALK from the counterparty, and to invest 259,875,000,000 Indonesian Rupiah to acquire a 55% stake in PT ACUM from the counterparty. Upon completion of the transaction, Indonesia Oriental Yuhong will hold a 55% stake in both PT IALK and PT ACUM.

Societe Generale-FORGE announced that its stablecoin now supports the Ethereum, Solana, Stellar, and XRP Ledger networks. (Cointelegraph)