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Goldman Sachs has lowered its end-2026 gold price forecast by $500 per ounce, citing its view that the US Federal Reserve is unlikely to cut interest rates again this year, according to 36Kr. The bank’s analysts cut their December gold target to $4,900 per ounce, indicating gold prices could still rise in the second half of this year but by less than previously expected.

Saturday's action at the 2026 World Cup delivered drama in equal measure to quality, as Deniz Undav rescued Germany with a stunning injury-time winner, the Netherlands swept aside Sweden in a Premier League showcase, and Curaçao goalkeeper Eloy Room produced one of the great individual performances in World Cup history to hold Ecuador to a goalless draw. Japan, meanwhile, were ruthlessly efficient in eliminating Tunisia, and Paraguay clung on heroically with ten men to send Turkey out of the tournament.The story of the day — and perhaps of the tournament so far — belonged to Room. The 37-year-old Miami FC goalkeeper single-handedly kept Curaçao in the match against Ecuador in Philadelphia, making a record-equalling 15 saves to deny the South Americans in Group E. Ecuador, still smarting from their opening defeat to Ivory Coast, threw everything at the Curaçao goal from the first whistle. Room's first intervention came after just three minutes, a stunning close-range stop from Enner Valencia that set the tone for the evening. He then repelled efforts from John Yeboah, Moisés Caicedo, Pedro Vite, Kevin Rodríguez, Nilson Angulo and Gonzalo Plata, among others — 27 attempts in total, not one found the net. Room's tally matched Tim Howard's famous 15-save haul against Belgium in 2014, and this time it yielded a clean sheet. Curaçao, who had conceded seven without reply to Germany in their opener, earned a historic 0–0 draw and a first ever World Cup point, sparking scenes of pure disbelief among their supporters. Ecuador, for all their possession and persistence, now face Germany needing a win just to stay alive.In the other Group E fixture, Germany required one of their own late interventions to secure all three points against a spirited Ivory Coast side in Toronto. Emerse Faé's team made an encouraging start and took a deserved lead in the 30th minute when Franck Kessié pounced on a rebound after Amad Diallo's shot was blocked by Nathaniel Brown. The Ivorians were lively and direct, and could have doubled their lead on a couple of occasions as German frustration grew — a Havertz goal was ruled out for a foul in the build-up, and Kessié again spurned a chance to put the game to bed. Those misses proved fatal. Manager Julian Nagelsmann turned to his bench, and substitute Undav — already the stand-out performer of the tournament in a secondary role — delivered once more. The Stuttgart forward applied a composed finish to Nadiem Amiri's cross in the 68th minute to level, then, deep into injury time, received a pass from Felix Nmecha, took one touch to control and slotted past goalkeeper Yahia Fofana to win it. Germany, who had scored seven in their opener, had been made to work considerably harder this time, but they are into the last 32 with a game to spare. Ivory Coast must beat Curaçao in their final match to advance.In Group F, the Netherlands sent an unambiguous message after their frustrating draw with Japan in game one: Ronald Koeman's side demolished Sweden 5–1 in Houston, with all six goals scored by Premier League players. Brobbey, earning a surprise start at the expense of Summerville, justified his selection immediately — the Sunderland forward finished clinically from Cody Gakpo's low cross in the fifth minute, then stabbed home a second from Denzel Dumfries' delivery moments later. Gakpo added two of his own in the second half, the third of which — a drilled low finish — brought up the tournament's 100th goal in just 33 games, the fastest that landmark has been reached since the 1958 World Cup. Summerville, introduced at the interval, was electric and scored the fifth before Anthony Elanga, a Newcastle substitute, pulled one back for Sweden as a consolation. The Dutch go top of Group F with four points, while Sweden face a must-not-lose final game against Japan.Japan themselves moved to four points with a controlled and professional 4–0 dismantling of Tunisia in Guadalupe, Mexico — a result that ended Tunisia's tournament and the brief Hervé Renard experiment before it had truly begun. The new coach had been appointed following last week's 5–1 defeat to Sweden and the sacking of Sabri Lamouchi, but even Renard's nous could not manufacture a Tunisia response. Japan pressed from the kick-off and were ahead within four minutes through Crystal Palace's Daichi Kamada, who prodded home from a swift counter-attack. Ayase Ueda then displayed exquisite technique to arrow a shot through a defender's legs from the edge of the box, and Junya Ito made it three with a simple one-on-one finish. Ueda completed the scoring with a looping header. Tunisia — goalless, pointless and out — return home with little to show from their journey to North America.The day's final match, in Group D, produced the tournament's most bizarre red card yet. Paraguay took the lead after just 64 seconds in Kansas City — midfielder Matías Galarza firing in from outside the area for the fastest goal of the tournament — and then spent most of the remaining 89-plus minutes defending it. Miguel Almiron, one of Paraguay's most experienced players, was dismissed in first-half stoppage time after VAR recommended a red card for covering his mouth during a confrontation with Turkey's Mert Müldür — the first such dismissal in World Cup history under a rule introduced specifically for this tournament. Turkey, who had produced 30 attempts against Australia in game one and a further 32 here, finished their campaign without a single goal, and are eliminated. Ten-man Paraguay held firm to record a 1–0 win and keep their knockout-stage hopes alive — they will advance if they beat Australia in their final group match.Upcoming Matches for June 21 (all times ET):12:00 PM, Mercedes-Benz Stadium, Atlanta — Spain vs. Saudi Arabia (Group H)3:00 PM, SoFi Stadium, Inglewood — Belgium vs. Iran (Group G)6:00 PM, Hard Rock Stadium, Miami Gardens — Uruguay vs. Cape Verde (Group H)9:00 PM, BC Place, Vancouver — New Zealand vs. Egypt (Group G)

Japan’s National Commercial Enterprise Pension Fund plans to begin investing in cryptocurrencies in fiscal 2026, with crypto expected to make up about 1% of its total assets.According to Odaily, the fund manages about 21.3 billion yen and covers around 1,200 small and medium-sized enterprises.The planned allocation would introduce cryptocurrencies into the fund’s investment portfolio beginning in fiscal 2026.

Bloomberg reported that President Trump's public admission that fear of "economic catastrophe" drove him to sign the interim memorandum of understanding with Iran is now undermining US negotiating leverage as the two sides prepare for talks in Switzerland. The MOU, signed Wednesday, reopened the Strait of Hormuz and triggered immediate sanctions waivers allowing Iran to resume oil exports — producing an oil price decline and a US equity rally that Trump cited at a press conference in Evian, France.
A Bloomberg Economics analysis of the 14-point agreement found that 10 provisions favor Iran, one favors the US, and three are neutral. Under the deal, Washington has committed to sanctions waivers for Iranian oil sales and opened the door to ending all sanctions programs, while Iran also stands to receive a $300 billion reconstruction development program. Iran's primary concession — a reaffirmation of its pledge never to pursue a nuclear weapon — mirrors a commitment it had already made under the 2015 accord. Complicating the outlook, Iran closed the Strait of Hormuz again on Saturday, citing fresh Israel-Lebanon tensions, even before talks formally opened.
The 60-day negotiating window is explicitly "extendable," a provision Bloomberg Economics strategist Chris Kennedy and former Treasury sanctions official Miad Maleki both said benefits Tehran. "The US can still escalate militarily, but it has dismantled its economic leverage at the exact moment it needs it most," Maleki said. The war has drawn 56% disapproval among Americans and prompted the Republican-led House to vote to halt military operations, further constraining Washington's room to maneuver.

According to Binance's post on X, Binance Alpha will be the first platform to list Arcium (ARX) on June 22. Following the opening of Alpha trading, eligible users will be able to visit the Alpha event page to claim an airdrop using Binance Alpha Points. Further details are to be announced separately.

A South Korean national petition calling for the cancellation of virtual asset taxation is expected to be submitted soon to the National Assembly’s Strategy and Finance Committee for discussion. According to Foresight News, Edaily reported that the petition received 58,571 endorsements, meeting the 50,000-signature threshold.Under South Korea’s National Assembly Act, once a petition has been transferred to the relevant committee and 30 days have passed, it must be placed for review at the committee’s first meeting held thereafter.South Korea’s current plan is to begin taxing virtual asset income starting January 1 next year, applying a combined 22% tax rate on income exceeding 2.5 million won.The report said the government and the ruling party still favor implementing the tax on schedule, but calls to cancel or revisit the plan are growing.

Analysts’ price targets for SpaceX shares range from $63 to $227, while the stock traded between $190 and $225 on Nasdaq at the time of writing.
According to NS3.AI, an S&P Global poll shows six analysts currently cover the stock.
The poll indicates four analysts rate the shares as Buy, while one analyst rates them as Sell.

Polymarket has been accused of promoting its product on social media through paid creators who posted simulated trading and false profit videos, according to a Wall Street Journal investigation.According to Foresight News, the WSJ said the creators filmed trading videos using mock sites that closely resembled Polymarket’s real website.The report said some videos showed large profits that did not actually occur, and that some content was submitted to Polymarket for review.The WSJ also reported that Polymarket used the marketing firm Virality to manage influencer promotions. Despite restrictions on its U.S. services and a backdrop involving international user positioning, the activity was still alleged to have explicitly reached U.S. users.In addition, the WSJ said Polymarket maintained a promotional arrangement worth several million dollars with influencer Adin Ross to encourage user participation.

Cointelegraph reported that Jaredfromsubway.eth, one of Ethereum's most prolific MEV bots and responsible for roughly 70% of sandwich attacks on the network between November 2024 and October 2025, was drained of more than $7.5 million on Saturday in what security firm Blockaid described as a "counter-MEV honeypot attack." According to Blockaid CTO Raz Niv, the attacker spent several weeks deploying 66 fake token contracts that mimicked the interfaces of Wrapped ETH, USDC, and USDT, pairing them with fraudulent liquidity pools engineered to appear as profitable trade opportunities. The bot, programmed to chase such opportunities, was manipulated into granting token approvals to attacker-controlled helper contracts — effectively handing over access to its treasury. In a single final transaction, the attacker triggered all 66 backdoors simultaneously and swept the bot's holdings in ETH, USDC, and USDT. "This is not a classic phishing attack and not a traditional smart-contract vulnerability," Blockaid noted, emphasizing that the exploit specifically targeted the automated logic MEV bots are built around. Cointelegraph Research has estimated that sandwich attacks on Ethereum generate roughly $60 million in annual losses for traders, with the network absorbing between 60,000 and 90,000 such attacks per month at peak. The bot had previously sandwich attacked Ethereum co-founder Vitalik Buterin in May while he swapped a small position in DigitalBits.

Blockchain monitoring data showed the JaredFromSubway attacker transferred 1,000 ETH to Tornado Cash after stealing assets worth approximately $7.5 million.
According to NS3.AI, PeckShieldAlert reported the attacker stole WETH, USDC, and USDT before swapping part of the stolen assets for 4,400 ETH.
The transfer to Tornado Cash followed the asset swaps, the monitoring account said.

Main Street USD (msUSD) lost its dollar peg after Accountable ended its agreement with the protocol, sending the token to around $0.29.According to BeInCrypto, msUSD is down roughly 71% over 24 hours, with a market value near $30.5 million.Accountable said Main Street could not meet its standards, and its dashboard no longer verifies the reserves backing msUSD.Another token, msY, also dropped sharply as Morpho’s msY/USDC market showed extreme illiquidity.

U.S. Vice President JD Vance said in an interview with CEO Diary that U.S. President Donald Trump supports creating a U.S. sovereign wealth fund and holding equity stakes in advanced AI companies. According to Odaily, Vance said large AI companies should not be allowed to become unchecked monopolies and argued that state ownership and labor participation mechanisms could allow ordinary workers to share in AI-driven economic gains.Elon Musk responded publicly on X, saying a better approach than government ownership of corporate equity would be for the U.S. Treasury to send money directly to the public. Musk said that as AI and robots increase the supply growth of goods and services faster than the money supply, direct payments would not cause inflation, and that the larger future challenge would be “major deflation.”The disagreement centers on how wealth should be distributed. Vance favored distributing gains through state participation on the production side, while Musk supported direct consumer-side subsidies and opposed government involvement in corporate ownership structures.

Bitwise CEO Hunter Horsley said the cryptocurrency industry is undergoing a transition in which fewer projects are likely to emerge as long-term winners, with success increasingly tied to demonstrated value and execution.According to Foresight News, Horsley wrote on X that the crypto market’s current shift resembles the internet era of the 1990s and early 2000s.He said that during the 1990s, when the internet was still new, many ideas appeared viable and hundreds of companies received valuations of $500 million to $1 billion based largely on perceived future potential. Horsley added that this optimism broke down in the early 2000s, when markets became less willing to support large numbers of companies based on narrative alone.He said that, in that period, a smaller group of companies that proved their value and business models began to stand out. Horsley argued that because their success was built on verifiable results, their growth cycles lasted longer and their scale ultimately exceeded that of firms from the prior bubble.Horsley said crypto is now experiencing a similar change, predicting that future winners will be fewer but will succeed through proven real-world value and capabilities. He added that these winners may become larger and grow for longer than most people expect.

Millions of barrels of oil continued to flow through the Strait of Hormuz this weekend despite Iran claiming again that it had closed the waterway. According to Bloomberg, Washington and Tehran offered sharply contrasting narratives over the status of the world’s most important shipping chokepoint.

The Bank of Korea issued a rare warning that large performance bonuses driven by the memory-chip upcycle could spill over from the semiconductor sector into the broader economy and add to inflation pressure, according to 36Kr. The report said bonuses at Samsung Electronics and SK hynix have surged, with luxury spending rising around chip manufacturing hubs, while retail stocks including Shinsegae, Lotte Shopping and Hyundai Department Store have been traded by some investors as “memory-themed” plays. The central bank currently forecasts South Korea’s overall inflation rate could reach 2.7% in 2026, well above its 2% policy target, making its July or September policy meetings key potential windows for a rate hike.

Robert Kiyosaki, author of Rich Dad Poor Dad, said he is not making buy or sell decisions based only on recent declines in gold and silver prices. According to Odaily, Kiyosaki said he has made mistakes in the past by letting price movements influence his investment judgment and now focuses more on an asset’s broader environment and macro backdrop rather than short-term fluctuations.
Kiyosaki said global economic management is performing poorly and that problems may continue to worsen. He said he is monitoring the technical trends of gold, silver, Bitcoin, and Ethereum, and is waiting to buy after prices end their downward trend.
He added that technical charts for gold and silver suggest they may be in a phase ahead of a significant rise, but said investors should make their own judgments and not blindly trust others’ views.

U.S.-listed semiconductor equipment stocks have posted broad gains year to date, alongside rises in AI hardware segments such as semiconductors and optical communications.
According to Odaily, nine U.S. semiconductor equipment companies with market capitalizations above $10 billion have each gained more than 75% so far this year.
The report said seven of those stocks have more than doubled year to date: Applied Materials, Lam Research, KLA, Teradyne, MKS Inc., Entegris, and Onto Innovation Inc.

Citrini analyst Jukan said preliminary export data for South Korea from June 1 to 20 showed sharp year-over-year increases across several memory product categories. According to Odaily, DRAM including modules rose 342% year over year and 3% month over month.
Jukan added that NAND flash exports increased 336% year over year and 28% month over month. MCP, described as HBM, rose 209% year over year and 51% month over month, while SSD exports climbed 405% year over year and 25% month over month.

A Citrini researcher said Citibank’s earnings preview report may be using overly conservative assumptions for Micron Technology’s product pricing, suggesting the company could exceed expectations this quarter if market consensus aligns with those assumptions.
According to Odaily, Citrini researcher Jukan wrote on X that after reading Citi’s preview report, he believes the institution’s assumptions on Micron’s product unit prices are too cautious.
The report also cited data showing Micron (MU) shares were recently quoted at $1,133.99.
Separately, the article said multiple institutions have raised their price targets for Micron to a range of $1,200 to $1,500. It listed Citibank raising its target to $1,200, Wedbush raising its target to $1,300, and Deutsche Bank and investment bank Stifel raising their targets to $1,500.

Anza CEO Brennan Watt said Solana-related SIMD proposals are expected to be advanced to completion within this year, including changes that could increase SOL’s annual inflation decay rate if implemented.
According to ChainCatcher, Watt said SIMD-123 has passed and is nearing code completion. He added that the SIMD-547 discussion draft aligns with the same direction as SIMD-553, and that both SIMD-553 and SIMD-550 have received Anza’s concept acknowledgment.
Watt said that if SIMD-550 and SIMD-553 are merged and implemented, SOL’s annual inflation decay rate would rise from 15% to 30%. Under the current price assumption cited, he said the change could reduce token emissions by about $1.36 billion over six years.
He also said the proposal could raise average daily SOL burns from about 650 SOL to as high as about 9,000 SOL.

Basic Semiconductor, a silicon carbide power device developer and manufacturer, has uploaded documents showing it has passed its listing hearing on Hong Kong Exchanges and Clearing’s website, according to Ming Pao, signaling it may soon launch its IPO bookbuilding. Guojin Securities and BOC International Securities are joint sponsors.

Niche options positions that bet on an oil glut are coming back into play as crude futures slump after a peace deal between the US and Iran. according to Bloomberg,

Anthropic CEO Dario Amodei said artificial intelligence companies will need “hundreds of billions of dollars” in revenue, or they could face existential risks, according to 36Kr.

MSCI has assigned SpaceX its lowest environmental, social and governance (ESG) rating of “CCC” ahead of a reported record $75 billion initial public offering this month, according to 36Kr. MSCI said the rating reflects SpaceX’s “high-risk exposure” and failure to manage material ESG risks, leaving it behind industry peers. Frédéric Ducoulombier, program director at EDHEC Business School’s Climate Institute, said SpaceX’s weak controversy assessment, very poor governance score and low overall ESG rating should not be surprising, adding that for public-market investors it is “close to a governance horror story.”

The global cryptocurrency market cap now stands at $2.2T, up by 0.55% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $63,184 and $64,588 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $64,050, up by 0.76%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include TNSR, STRAX, and ALICE, up by 75%, 36%, and 35%, respectively. Digital Markets Split Between Institutional Adoption, Protocol Risk, and AI Wealth DebatesBitcoin held around the mid-$64,000 range as broader crypto trading remained mixed, but the stronger signal is the market’s shift toward proof, oversight, and resilience. Japan’s pension plan and Bitwise’s “proven value” argument suggest crypto capital is becoming more selective, while the Polymarket allegations, msUSD depeg, MEV exploit, and Vance-Musk AI dispute point to growing scrutiny of how digital platforms create, market, and share value. Top stories of the day:Japan’s National Commercial Enterprise Pension Fund Plans Crypto Allocation Starting in Fiscal 2026Key Takeaways:1% of assets to go into cryptoFund manages ¥21.3 billionCovers ~1,200 SMEs across JapanSummary:Japan's National Commercial Enterprise Pension Fund has announced plans to begin allocating to cryptocurrencies in fiscal 2026, with the asset class expected to represent approximately 1% of its total portfolio. The fund, which manages around 21.3 billion yen and serves roughly 1,200 small and medium-sized enterprises, would become one of the first Japanese pension vehicles to formally introduce crypto exposure. The move reflects a broader trend of institutional investors in Asia cautiously adding digital assets to diversified portfolios as regulatory frameworks mature. No specific cryptocurrencies or allocation vehicles were disclosed in the initial announcement. South Korea Petition to Scrap Virtual Asset Tax Set for Parliamentary ReviewKey Takeaways:58,571 signatures surpass 50,000 threshold22% tax on crypto gains due January 2027Government still favors on-schedule rolloutSummary:A public petition calling for the cancellation of South Korea's planned virtual asset tax has gathered 58,571 endorsements, clearing the 50,000-signature threshold required for mandatory parliamentary review, with the petition expected to be referred to the National Assembly's Strategy and Finance Committee shortly. Under South Korean legislative rules, the committee must place the petition on its agenda within 30 days of transfer, ensuring formal deliberation on the proposal. South Korea currently plans to implement a 22% combined tax rate on virtual asset income exceeding 2.5 million won beginning January 1 next year, a measure that has faced sustained public resistance. While the ruling party and government remain committed to the existing timeline, the growing volume of opposition signals rising political pressure that could influence the final implementation or scope of the tax. Infamous MEV Bot Jaredfromsubway.eth Drained of $7.5M in Counter-MEV Honeypot Attack Key Takeaways:66 fake token contracts deployed over weeksNovel "counter-MEV" exploit class identifiedSandwich attacks cost traders ~$60M annuallySummary:Jaredfromsubway.eth, the MEV bot responsible for approximately 70% of Ethereum sandwich attacks between late 2024 and 2025, was drained of over $7.5 million in a sophisticated counter-MEV honeypot attack, in which an attacker spent several weeks deploying 66 fake token contracts mimicking WETH, USDC, and USDT paired with fraudulent liquidity pools designed to appear as arbitrage opportunities. The bot was manipulated into granting token approvals to attacker-controlled contracts, which were then triggered simultaneously in a single transaction that swept its entire treasury. Security firm Blockaid characterized the exploit as a novel attack class — neither a phishing scheme nor a traditional smart-contract vulnerability — but rather one that weaponized the automated profit-seeking logic that MEV bots are specifically engineered around. The incident highlights systemic risks within Ethereum's MEV ecosystem, where sandwich attacks collectively inflict an estimated $60 million in annual losses on retail traders, with the irony that one of the network's most aggressive extractors ultimately fell victim to its own predatory mechanics. Main Street USD Falls to $0.29 After Losing Dollar Peg as Accountable Ends AgreementKey Takeaways:msUSD down 71% to $0.29 in 24 hoursReserve verification withdrawn by AccountablemsY token also hit by extreme illiquiditySummary:Main Street USD (msUSD) lost its dollar peg and fell to approximately $0.29 after Accountable, the reserve verification partner underpinning the stablecoin's credibility, terminated its agreement with the protocol citing unmet standards and removed msUSD from its verification dashboard. The token's 71% decline in 24 hours left it with a market value of roughly $30.5 million, underscoring how quickly confidence can collapse when third-party attestation is withdrawn from a stablecoin. The depegging event also triggered sharp losses in a related token, msY, as Morpho's msY/USDC lending market descended into extreme illiquidity, amplifying losses across the protocol's ecosystem. The episode adds to a growing list of stablecoin failures tied to reserve transparency shortcomings, reinforcing the systemic importance of credible, continuous attestation for dollar-pegged assets. Polymarket Accused of Using Paid Creators to Promote Simulated Trading Videos, WSJ Reports Key Takeaways:Mock sites mimicked real Polymarket interfaceMulti-million dollar Adin Ross deal citedCampaign allegedly reached restricted US usersSummary:Polymarket has been accused of coordinating a deceptive social media marketing campaign in which paid creators posted fabricated trading videos using mock websites designed to closely replicate the platform's real interface, showing profits that never occurred, according to a Wall Street Journal investigation. The campaign was allegedly managed through marketing firm Virality, with some promotional content submitted directly to Polymarket for review before publication, suggesting a degree of organizational oversight. The activity is particularly notable given Polymarket's formal restrictions on US users, as the WSJ reported the campaign nonetheless explicitly targeted American audiences — raising potential regulatory exposure. Polymarket also reportedly maintained a multi-million dollar promotional arrangement with streamer and influencer Adin Ross to drive user sign-ups, underscoring the scale of the alleged effort. Bitwise CEO Hunter Horsley Says Crypto Is Shifting From Hype to Proven Value Key Takeaways:Dot-com cycle used as structural analogyNarrative-driven valuations losing market supportFewer winners, but longer and larger growth cyclesSummary:Bitwise CEO Hunter Horsley argued on X that the cryptocurrency market is undergoing a structural shift analogous to the internet industry's transition from the speculative boom of the 1990s to the execution-driven consolidation of the early 2000s, where narrative alone ceased to sustain valuations and a smaller cohort of companies with proven models emerged as dominant long-term winners. Horsley contended that crypto is now entering a similar phase, in which the pool of viable projects will narrow significantly as markets demand demonstrated real-world value and operational results over forward-looking potential. He suggested that the winners to emerge from this consolidation phase may ultimately achieve greater scale and sustain growth for longer than the broader market currently anticipates, drawing a direct parallel to how post-bubble internet survivors like Amazon and Google far exceeded the ambitions of their dot-com era predecessors. The comments reflect a growing institutional view that crypto's maturation cycle is compressing speculative capital toward fewer, higher-conviction positions. U.S. Vice President Vance and Musk Differ on Government Role in AI Wealth Distribution Key Takeaways:Trump backs US sovereign wealth fund in AIMusk prefers direct public Treasury paymentsDebate centers on production vs. consumer-side gainsSummary:U.S. Vice President JD Vance disclosed that the Trump administration supports establishing a sovereign wealth fund to hold equity stakes in advanced AI companies, arguing that state ownership and labor participation mechanisms would prevent monopolistic consolidation and allow ordinary workers to share in AI-generated economic gains. Elon Musk publicly pushed back on X, contending that direct Treasury payments to the public would be more effective than government corporate ownership, and argued that AI-driven productivity growth would expand the supply of goods and services fast enough to render such transfers non-inflationary — with deflation, not inflation, posing the greater long-term risk. The exchange marks a rare visible policy disagreement between two prominent figures in the Trump orbit, reflecting a broader unresolved debate over whether AI wealth should be captured on the production side through state equity or redistributed on the consumer side through direct transfers. Neither position has advanced to formal legislative or executive action. Market movers:NVDAB: $210.1 (-0.15%)SPCXB: $180.9 (+0.09%)MUB: $1146.09 (+1.45%)TSLAB: $402.52 (+0.07%)SNDKB: $2245.01 (+0.62%)ETH: $1729.02 (+0.31%)BNB: $589.09 (+0.43%)XRP: $1.1459 (-0.34%)SOL: $73.59 (+3.13%)TRX: $0.3273 (+1.43%)

Brad Garlinghouse said JPMorgan CEO Jamie Dimon opposed the Clarity Act to protect the bank’s payments business. According to NS3.AI, Garlinghouse said that business generates $20 billion in revenue and more than $5 billion in profit.
Garlinghouse also disputed Dimon’s stated compliance rationale for opposing the legislation, saying the claim was either an intentional misrepresentation or highly negligent.

UBTECH Robotics (6600) said it has appointed a trustee to manage its H-share incentive plan and will from time to time buy H shares in the market for future awards under the plan rules. According to Ming Pao, the company currently expects to make further share purchases with total consideration of no more than HK$500 million.

Michael Saylor said Strategy’s STRC was largely designed with AI, after the stock drew attention following a decline to as low as $82.7. According to NS3.AI, Saylor said he wanted a monthly preferred stock that could remain stable at 100.
STRC closed at $88.8.

Iran’s president said $6 billion in frozen funds currently held by Qatar will be returned as part of a preliminary agreement to end the war with the United States. According to Odaily, the information was reported by Al Jazeera.

A total of 49 A-share listed companies will see restricted shares unlocked during June 22-26, involving 2.763 billion shares with a combined market value of about 54.91 billion yuan based on latest closing prices, according to 36Kr citing Databao statistics. Fifteen companies each have unlock market values above 1 billion yuan, totaling about 48.59 billion yuan; Zhucheng Technology and Xinhenghui each exceed 5 billion yuan. By unlock ratio, 16 companies have unlock volumes exceeding 10% of total share capital; besides Zhucheng Technology, Guangxin Technology, Weishidun, and Kaichuang Electric each exceed 50%. Several tech stocks also face unlocks, including GigaDevice (407 million yuan), Huahai Chengke (2.177 billion yuan), Uxin (434 million yuan), Lingxian (1.946 billion yuan), Shengyi Electronics (799 million yuan), and Shanghai Silicon Industry (3.556 billion yuan).

Morgan Stanley filed amended registration statements for proposed Ethereum and Solana ETF trusts, each listing a 0.14% annual delegated sponsor fee.
According to NS3.AI, the Ethereum trust expects to trade on NYSE Arca under the ticker MSSE, while the Solana trust expects to trade under MSOL.
The U.S. Securities and Exchange Commission must declare both registration statements effective before shares of either trust can begin trading.

AI-powered security tools such as Mythos could push the cost of basic smart contract audits toward zero and shift what the crypto industry considers reasonable due diligence before deploying code, researchers said. According to CoinDesk, ENS Labs CISO Alexander Urbelis said work that once took weeks could eventually be done in minutes, while SVRN COO David Schwed said the bigger change may be continuous auditing with suggested fixes at a fraction of the cost. Both warned AI will not replace human auditors and may miss incentive-driven risks and non-code attacks such as social engineering and key compromises.

STRC’s move below par has strengthened criticism of the structure and contributed to a slowdown in Strategy’s Bitcoin purchases, while also prompting renewed debate about whether Michael Saylor’s so-called BTC “flywheel” remains effective. According to Cointelegraph, the slide has emboldened critics who argue that the mechanism underpinning Strategy’s approach is facing new pressure as market conditions test investor confidence and the sustainability of the strategy.
The report says the development has become a focal point for discussion around Strategy’s ability to continue accumulating Bitcoin at the pace seen previously, with the dip below par cited as a factor weighing on momentum. Cointelegraph notes that the situation has also sparked broader debate over whether Saylor’s model is still functioning as intended, as observers assess how the structure performs when sentiment shifts and pricing dynamics change. The report frames the episode as both a practical constraint on additional Bitcoin buying and a catalyst for intensified scrutiny of the broader thesis behind the flywheel approach.

Dash is evaluating the Philippines as a possible market for expanding crypto payments, as the country’s regulators promote measures aimed at making business registration easier. According to Cointelegraph, the assessment comes amid efforts by authorities to streamline processes that could support new entrants, including firms exploring digital asset payment use cases.
Industry participants cited in the report said that despite regulatory moves intended to simplify registration, entering the market in a compliant manner can still take years. The article notes that this gap between policy direction and practical timelines remains a key consideration for companies weighing expansion, particularly those that must meet local requirements before offering crypto-related payment services.

Robert Kiyosaki said he is monitoring gold, silver, Bitcoin, and Ethereum for a technical reversal before buying, as Bitcoin traded above $64,000 and Ethereum held near $1,740.
According to NS3.AI, Iran's Revolutionary Guard declared the Strait of Hormuz closed over alleged ceasefire violations, but Vice President JD Vance said there was no evidence to support the claim.
U.S. Central Command (CENTCOM) reported that 55 ships carrying more than 17 million barrels of oil transited the Strait of Hormuz on Saturday.

Maritime navigation data show no vessels have transited the Strait of Hormuz since Iran’s military announced the waterway’s closure on June 20, with traffic falling to zero.
According to Odaily, Iran’s Tasnim News Agency reported that the strategic passage is currently blocked and under Iranian control, contradicting statements by the U.S. military.

Crypto analyst Lark Davis said Bitcoin’s Puell Multiple reading suggests the market is near, or already in, the bottom zone of the current cycle. According to ChainCatcher, the Puell Multiple measures miner profitability by comparing miners’ daily revenue with its 365-day average.
Davis said that when miner income stays depressed and miners are forced to sell BTC to cover operating costs, it has historically aligned with cycle lows. He added that while the indicator has not yet reached its green oversold zone, signs of miner stress have emerged, which he said has often marked the start of the final phase of a bear market.
Davis also noted that price signals in this cycle have been milder than historical patterns. He said whether $59,000 can hold as the cycle low should become clear in the coming months, adding that current signs are becoming clearer.

Several tokens are set for large unlocks next week, according to Token Unlocks data. According to PANews, Humanity (H) will unlock about 266 million tokens at 08:00 (UTC+8) on June 25, equal to about 9.41% of its circulating supply.
Plasma (XPL) is scheduled to unlock about 88.89 million tokens at 20:00 (UTC+8) on June 25, representing about 3.56% of circulating supply. Sahara AI (SAHARA) will unlock about 1.03 billion tokens at 20:00 (UTC+8) on June 26, accounting for about 30.1% of circulating supply.
The report also noted that MegaETH (MEGA) is set to unlock tokens at 18:00 (UTC+8) on June 23, but did not provide the unlock amount in the available text.

China Securities Construction Investment said domestic AI models are moving away from general question-and-answer functions and toward developer tools and enterprise workflow applications. According to NS3.AI, the firm also said GPU rental prices are rising.
It added that supply constraints are expanding beyond GPUs, with tightening conditions spreading across CPUs as well as memory components including DRAM and NAND.