MSX.COM data showed mixed pre-market trading in AI concept stocks, with MU rising 5.16%. MRVL rose 4.05%, AMD rose 3.70%, AVGO rose 1.93%, and ANET rose 0.9%.
He Yi said CZ has had no involvement in Binance operations since 2023. She said Aster is a BNB Chain project invested by Binance Labs and that CZ serves as its advisor.
Musk’s Paper Wealth Tops Buffett’s Net Worth After SpaceX IPO
Elon Musk’s paper wealth rose by $164 billion after SpaceX’s IPO, surpassing Warren Buffett’s roughly $148 billion net worth. SPCX jumped 25% in three days after the company went public. Musk’s gain was unrealized paper wealth, while Buffett’s wealth was described as more liquid public stock holdings.
The UK government announced a social media ban for under-16s that would use highly effective age verification. The government indicated it will move forward with secondary legislation before Christmas, with the ban expected to take effect in early 2027.
StraitsX added Samsung Pay support to its stablecoin-based card issuance infrastructure. Cards issued through the platform now support Samsung Pay, Apple Pay, and Google Pay.
10x Research said BlackRock's Bitcoin Premium Income ETF may underperform Bitcoin in nearly all market scenarios. BITA holds IBIT and sells monthly call options against part of its assets.
Hyperscale Data added 4.62 BTC, bringing its total holdings to 713.58 BTC. BitcoinTreasuries.NET said Hyperscale Data ranks 56th on the Bitcoin 100 list.
Senate and House Agree on Housing Bill With CBDC Ban Through 2030
The U.S. Senate and House reached a bipartisan deal on a housing bill that would ban the Federal Reserve from issuing a CBDC through Dec. 31, 2030. The updated 21st Century ROAD to Housing Act now heads to its first procedural Senate vote. A House vote is reportedly expected after lawmakers return from recess around June 23.
World Gold Council survey results show 84% of officials from 76 central banks expect gold accumulation to keep increasing. Another 74% expect the U.S. dollar share of central bank reserves to decline.
BitGo is offering a MiCA compliance service for European crypto companies as the licensing deadline approaches. BitGo Europe is licensed by Germany's BaFin. Clients must still conduct their own KYC procedures under MiCA rules.
Trump’s US-Iran peace agreement sent oil down over 12% and pushed major stock indexes to records this week. Bitcoin briefly crossed $67,000 before slipping to $65,643 after the Fed held rates at 3.5–3.75%. The Strait of Hormuz reopens formally on June 19.
Serenity criticized Bernstein on X over its bearish view on Kioxia and its prediction of a potential 50% stock drop. Serenity said retail investors should stay vigilant about institutional research reports.
Fed Doves Shift Hawkish as Warsh Faces First Rate Meeting
Fed officials are shifting away from rate-cut expectations as inflation has risen above 3% and the benchmark rate is expected to stay at 3.5% to 3.75% this Wednesday. Kevin Warsh enters his first rate-setting meeting after publicly advocating for rate cuts last year, while officials are expected to remove the statement's easing bias.
Justin Bons called for Charles Hoskinson to be ousted after Hoskinson proposed moving Cardano governance discussions to a moderator-managed Discord server. Bons also criticized Cardano’s scalability, saying its maximum throughput in 2026 will be only about 23 TPS.
Strategy's perpetual preferred stock STRC fell to an all-time low after dropping 3.58% on June 16 to $91.79. The level was 8.2% below its $100 target price. Markus Thielen said the decline is related to Strategy's recent BTC acquisitions.
The Nikkei 225 closed up 497.75 points, or 0.72%, at 69,902.25 on Wednesday, June 17. South Korea's KOSPI closed up 137.64 points, or 1.58%, at 8,864.24.