yang2009

IREN Plunges More Than 10% in a Single Day After Co-CEOs Receive Equity Grants Worth About $800 Million
On July 1, 2026, IREN (formerly Iris Energy), a Nasdaq-listed Bitcoin mining and AI infrastructure company, disclosed that its board granted each of its co-CEOs—brothers Daniel Roberts and William Roberts—9,099,328 shares of restricted stock units (RSUs), totaling more than 18 million shares. Based on the market price at the time, the total value is approximately $780 million to $800 million, or nearly $400 million per person. The RSUs vest in equal installments over four years; after each t

Bitcoin has fallen over 50% from its October high last year, and the crypto market is in a deep correction
After Bitcoin hit an all-time high of approximately $126k in October 2025, its rally came to an abrupt halt. Recently, the price briefly fell below $60k, with a cumulative decline of over 50% from the peak, nearly halving and officially entering a technical bear market. Major coins such as Ethereum and Solana followed the decline, and the total daily liquidation amount across the network repeatedly exceeded $1 billion.
This deep correction is the result of a confluence of macro headwinds

KOSPI, the Korea Composite Stock Price Index, recently experienced a rare single-day surge of about 5%, even triggering a program buy halt mechanism during the session, staging a classic V-shaped reversal.
There are three main direct catalysts:
First, U.S. memory chip giant Micron delivered strong earnings and issued optimistic AI demand guidance, reigniting expectations for a global memory super cycle. Second, SK Hynix is reportedly planning to list ADRs on Nasdaq to raise up to approximately $29 billion; if the funds flow back to South Korea, it would benefit both domestic expansion and the

Crude Oil Prices Decline: Causes and Market Impact
In early July 2026, WTI crude oil fell below $69 per barrel and Brent crude oil fell below $72 per barrel, reaching a nearly three-month low.
Main Reasons for the Decline
First, the geopolitical risk premium has eased—U.S.-Iran have signed a temporary memorandum of understanding, shipping through the Strait of Hormuz has returned to normal, and the war premium that had been raised by earlier conflicts has quickly been unwound. Second, expectations of looser supply—OPEC+ is considering continuing to raise production modestly, U.S. shale oil pro

According to the 2025 annual financial disclosure report for Donald Trump released by the U.S. Office of Government Ethics (OGE) on July 1, 2026, President Trump reported that his total revenue from cryptocurrency-related business reached between $1.2 billion and $1.4 billion, with more than $600 million coming from Meme Coin and brand licensing alone.
The following is a brief overview:
Trump discloses more than $600 million in crypto revenue; crypto business becomes a new engine of wealth
On June 30, 2026, the U.S. Office of Government Ethics released President Donald Trump’s 2025 annual fina

Solana (SOL) recently rebounded from around $64, briefly touched $72, gaining about 14%, and reclaimed a key integer level. The main drivers of this rally are improved macro risk appetite and on-chain derivatives short covering, while daily trading volume of tokenized equities on the Solana network exceeded $113 million, adding narrative heat, and futures funding rates turned positive, indicating short-term sentiment recovery.
However, note the fundamental divergence: Solana's on-chain TVL has declined about 11% in recent months, weekly DEX trading volume dropped from a February peak of $30 bi

Solana (SOL) surged approximately 9% today, rebounding from near a recent support level to the $74–$75 range, boosting market sentiment.
🔥 Key Catalysts
- Growing spot ETF expectations: Morgan Stanley updated the S-1 filing for a Solana spot ETF, specifying low fees and a staking mechanism, fueling institutional entry expectations.
- Institutional treasury accumulation: Solana treasury companies like Forward Industries aggressively built positions and staked, with related stock prices surging in tandem, creating positive feedback.
- On-chain ecosystem recovery: Weekly trading volume of tokeni

On June 25, 2026, driven by earnings that beat expectations and strong AI storage demand, U.S. memory chip leader Micron Technology (MU) surged more than 18% intraday. Its share price touched $1,236, and its market cap climbed to about $1.398 trillion—surpassing Meta Platforms (about $1.392 trillion) for the first time in history. It also briefly came close to Tesla (about $1.4 trillion), landing among the world’s top companies by market capitalization.
This jump was fueled by Micron’s explosive performance in the third quarter of fiscal year 2026. Revenue surged year over year to $41.46 billi

## U.S. Congress Passes Law Banning the Federal Reserve from Issuing CBDCs
In June 2026, the U.S. Congress—both the House and the Senate—successively passed the *21st Century ROAD to Housing Act* with large majorities. A closely watched provision was embedded in the bill: it clearly prohibits the Federal Reserve and its subordinate reserve banks from “directly or indirectly” issuing or piloting retail central bank digital currencies (CBDCs) aimed at the public, or any digital assets that are substantially similar to CBDCs. The ban remains effective until December 31, 2030.
Republican lawmakers

Micron Technology (MU) closed up about 6.8% in U.S. stocks on June 23, reaching a high of $1,213.56 intraday, and closing at $1,211.38, officially hitting a new all-time high, with a market capitalization surpassing $1.3 trillion.
The main driving factors are threefold:
- AI Storage Supercycle: The demand for HBM3E high-bandwidth memory surged driven by AI chips like NVIDIA Blackwell, with Micron’s HBM capacity already locked by leading cloud providers until the end of 2026, giving oligopolistic firms strong pricing power.
- Earnings Expectations Soar: The market is betting on the FY2026 Q3 ea

U.S. Senators have recently accelerated efforts to bring the Digital Asset Market Clarity Act (CLARITY Act, officially the Digital Asset Market Clarity Act) to a full Senate vote, marking the most substantial breakthrough in U.S. cryptocurrency regulation legislation to date.
The bill was already passed by the Senate Banking Committee with a 15:9 bipartisan vote in May this year. Its core content clarifies jurisdiction between the SEC and CFTC—fully decentralized assets like Bitcoin and Ethereum are classified as "digital commodities" under CFTC regulation, tokens with financing attributes rem

Bank of Japan Warns of Inflation Risks Above 2% Target, Raises Interest Rates to 31-Year High
The Bank of Japan (BOJ) concluded its monetary policy meeting on June 16, 2026, announcing an increase in the short-term policy interest rate from 0.75% to 1.00%, the highest level since 1995. The most market-focused point was that the central bank explicitly stated in its policy statement: "There is a risk of underlying CPI inflation deviating upward above the 2% price stability target," shifting the policy emphasis from previously focusing on "downside risks" to warning of "upside risks," which was

On June 17, 2026, U.S. time, the Federal Reserve announced its June FOMC interest rate decision, keeping the federal funds target range unchanged at 3.50%—3.75%, in line with market expectations. What truly caused a stir was the simultaneously released "dot plot"—out of 18 officials who submitted forecasts, 9 (half) expected at least one rate hike in 2026, with 1 expecting a 75 basis point increase, 5 expecting a 50 basis point increase, and 3 expecting a 25 basis point increase; another 8 believed rates should stay unchanged, with only 1 predicting a cut. This caused the median rate forecast

In May 2026, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), officially put forward what is described as the largest IPO system reform in nearly two decades. He touted it under the banner of “Make IPOs Great Again.” Beyond lowering the threshold for companies to go public, the core goal is also to expand retail investors’ participation rights in new share offerings and improve their access to those offerings.
The reform measures mainly include: (1) significantly simplifying the listing path—proposing an “IPO Light” streamlined registration channel and shortening the

Bitcoin surges back above $64,000: Geopolitical easing and risk appetite rebound
June 14, 2026, Bitcoin made a strong rebound and broke above the $64,000 mark, rebounding more than 8% from the recent low of around $59,100 earlier this month, driving mainstream cryptocurrencies like Ethereum and Solana to follow suit.
This rally is mainly driven by three catalysts: first, the potential signing of an agreement between the US and Iran, and the possible reopening of the Strait of Hormuz, easing geopolitical tensions and significantly boosting global risk asset appetite; second, SpaceX completed th

SpaceX's Largest IPO in History Officially Lands on NASDAQ
June 12, 2026, Elon Musk's space exploration company SpaceX officially listed on NASDAQ, with stock ticker "SPCX," setting the record for the largest IPO in human capital markets history. The IPO priced at a fixed $135 per share, offering approximately 556 million shares, raising a base amount of $75 billion (up to $86.2 billion with over-allotments), with an estimated valuation of about $1.77 trillion based on the offering price, surpassing Saudi Aramco's 2019 IPO fundraising record. After listing, its market capitalization ranks amon

U.S. Bureau of Labor Statistics announced in June 2026 that the May CPI year-over-year rose to 4.2%, reaching a three-year high since April 2023, with a month-over-month increase of 0.5%; core CPI was 2.9% YoY and only 0.2% MoM, slightly below expectations.
The main reason is energy shocks—Middle East tensions pushing up oil prices, with energy index rising 3.9% month-over-month and 23.5% year-over-year in May, gasoline prices reaching $4.60 per gallon, with energy contributing over 60% of the overall CPI increase; food rose only 0.2% MoM, housing costs slowed to 0.3% MoM, and core inflation h

U.S. Department of Labor will release the May CPI on the evening of June 10 Beijing time.
Mainstream Wall Street expectations are that the overall CPI year-over-year will jump from 3.8% in April to 4.2%, the first time breaking 4% since May 2023;
Core CPI is expected to rise slightly to 2.9% year-over-year, with a month-over-month increase of about 0.3%.
Driving factors: Middle East geopolitical conflicts have caused a sharp rise in international oil prices, with gasoline components possibly increasing over 6% month-over-month;
combined with the low base effect from the same period las