Semiconductor, optical communication, and storage stocks rose across the board before the US stock market opened, with LITE rising over 7% and NOK rising over 6%

[Researchers Set Up Fake Crypto Startup to Trap North Korean IT Workers, Exposing Their Revenue-Generating Methods] According to Cointelegraph, BCA LTD founder Mauro Eldritch and Telefónica Tech analyst Heiner García created a fake crypto startup called Ballena Azul to lure suspected North Korean IT workers into working in a controlled environment for five weeks while monitoring their behavior. The investigation revealed that the servers used by these workers were linked to North Korean infrastructure responsible for distributing malware such as InvisibleFerret, BeaverTail, and OtterCookie. Additionally, the workers used ChatGPT and Google Gemini to forge identities. North Korean IT workers have been obtaining remote jobs by fabricating U.S. identities, with their earnings funneled into Pyongyang's weapons of mass destruction programs. Data from the U.S. Treasury Department indicates that such schemes are projected to generate nearly $800 million for North Korea in 2024.

Coinbase has deployed a high-performance matchmaking engine in Deribit, which can process over 100000 orders per second with matchmaking latency of less than 1 millisecond. This upgrade will connect Deribit to the same core execution infrastructure as Coinbase International Exchange. The new engine has added a built-in speed buffer mechanism to some trading instruments, and Coinbase plans to migrate all its perpetual contracts to this matching engine later this year.

Entrravel Group, a cryptocurrency travel infrastructure company, has raised $7.5 million in funding, led by Joseph Lubin's Ethereal Ventures and Finals Capital, with participation from GSR, Varrock, G1 Ventures, Seier Capital, and others. Entrravel provides travel booking systems for platforms such as Kraken and MetaMask, currently serving over 40 brands. Entrravel plans to use funds to expand supplier credit, increase booking volume, enter the traditional tourism market, and build a stablecoin based financial system.

Public miners are an underappreciated source of supply hitting the market right at the margin.

Doctor Profit states that a historical indicator of Bitcoin is sending a bottom signal and is currently in a long-term accumulation phase. This indicator appeared in 2015, 2019, and 2022, with the current BTC price below the average cost for holders of 3 to 6 months and holders of 1 to 2 years. Doctor Profit predicts that Bitcoin will still need several months of sideways trading to complete bottoming out. Over the past few weeks, they have bought BTC in batches between $54000 and $64000, and continue to gradually build positions at a rate of 5% each time.