Blockonomi

Resumen:
Galaxy Research dice que solo 4 de 13 indicadores históricos de fondo se han activado en la actual corrección.
La firma proyecta un piso base para Bitcoin de $40K–$46K, con un escenario de lavado severo cerca de $30K–$37K.
Octubre de 2025 marcó el pico de ciclo más tranquilo de Bitcoin, con MVRV alcanzando solo 2.29 frente a máximos anteriores de 5.91.
La base de costo se sitúa en el 43.7% del máximo histórico, aumentando mecánicamente el piso en dólares en comparación con ciclos anteriores.
Galaxy Research publicó un informe el 12 de junio advirtiendo que Bitcoin probablemente no ha alcanzado su fondo de ciclo. La firma analizó datos on-chain y del mercado a través de 13 indicadores históricos, encontrando que solo cuatro se han activado durante la corrección actual.

Quick Overview
Western Digital has revealed its intention to swap approximately 1.04 million shares of Sandisk (SNDK) it currently owns for its own common stock through agreements with institutional investors.
The precise quantity of WDC shares involved in the exchange will depend on volume-weighted average trading prices for both securities from June 16 through June 18, 2026.
Completion of the share exchange is scheduled for June 22, 2026.
Following the disclosure, WDC stock climbed 6.04%, with the company’s market capitalization reaching approximately $168.9 billion.
Current analyst consensus on WDC stands at Buy, with a $590 price target.
On June 11, 2026, Western Digital disclosed that it has negotiated private exchange agreements with select institutional investors. Under these arrangements, the company will transfer 1,038,681 shares of Sandisk (SNDK) common stock from its holdings in return for a to-be-determined quantity of Western Digital shares.
Shares of WDC rose 6.04% in response to the announcement.
The specific number of Western Digital shares that will change hands in this exchange remains uncertain until pricing occurs. This figure will be calculated based on the volume-weighted average prices (VWAPs) for both WDC and SNDK securities during the three-day period spanning June 16-18, 2026.
The deal is projected to finalize on June 22, 2026.
Strategic Implications for Western Digital
This exchange represents a strategic balance-sheet and capital-structure adjustment. The transaction will marginally decrease Western Digital’s ownership position in Sandisk while potentially consolidating its share distribution among institutional stakeholders.
Western Digital has maintained a Sandisk stock position following its acquisition of the company, which was aimed at strengthening its foothold in flash memory and solid-state storage technologies. Today, Sandisk operates as an independent publicly-traded entity.
The exchange is being executed through private negotiations with selected institutional investors rather than via public market transactions.
Analyst Perspectives
The latest analyst recommendation for WDC is rated as Buy, accompanied by a $590.00 price target.
However, analysts note several concerns including heightened volatility, near-overbought technical indicators, and risks associated with cloud infrastructure dependency and HAMR technology deployment timeline.
Western Digital’s GF Score registers at 61 out of 100, indicating moderate potential for long-term returns. The company receives a financial strength rating of 8 out of 10, a growth score of 6 out of 10, and a profitability rating of 5 out of 10.
With a current P/E ratio of 31.59, the valuation suggests investors are anticipating robust future earnings growth.
Insider trading data from the last three months reveals $19.8 million worth of stock sales, a data point worth monitoring in conjunction with this share exchange announcement.
Western Digital currently maintains a market capitalization of roughly $168.9 billion, with typical daily trading volume around 7.78 million shares.
Technical analysis indicators for WDC presently signal a Buy rating.
The post Western Digital (WDC) Stock Jumps 6% on Sandisk Share Exchange Announcement appeared first on Blockonomi.

The SpaceX IPO countdown is turning the launch economy into one of the loudest market stories of the moment. Reuters reported that SpaceX is aiming to raise $75 billion at a valuation around $1.75 trillion, with trading expected to begin on Nasdaq after pricing. Another Reuters report, citing Bloomberg News, said the IPO has already drawn more than $70 billion in retail orders and over $250 billion in total investor demand.
That kind of demand is leaving many investors looking for the next angle before the launch-economy narrative becomes fully priced in. One crypto now moving into that conversation is SpaceBeat, a launch-indexed token built around a simple idea: every rocket launch makes the token rarer.
Why SpaceBeat Is Built for This Moment
SpaceBeat is not another generic meme coin waiting for a viral post. Its entire mechanism is connected to real-world launch events. The project’s whitepaper describes SpaceBeat as a fixed-supply token where confirmed launches trigger irreversible burns from an immutable on-chain reserve called the Propellant Tank. The whitepaper’s mechanism overview shows physical launches flowing through an oracle, then into automated Tank burns, while community Mission Patches create a second burn path.
That gives SpaceBeat a headline-ready pitch at the exact moment rockets are entering the financial mainstream: SpaceX sends the launch economy into the spotlight, and SpaceBeat turns launch attention into on-chain scarcity.
The Presale Window Is Already Structured to Move
The SpaceBeat tokenomics document sets total supply at 1 billion $SPACEBT tokens, with no mint function, 0% transfer tax, and a strictly non-increasing supply direction. At TGE, 400 million $SPACEBT, equal to 40% of supply, goes into the Propellant Tank for launch-indexed burns. Another 260 million tokens, or 26% of supply, are allocated to the presale.
The $SPACEBT presale is built across seven ascending phases, starting at $0.0240 in P1 and rising to $0.0480 in P7. Each phase runs for up to seven days or until its token allocation sells out, and the whole program is capped at $10 million. Once that hard cap is reached, the presale closes permanently.
That is the part buyers cannot ignore. Waiting does not keep the same entry window open. Later phases mean higher presale pricing, and if the cap is reached, the remaining tokens do not get recycled back into another sale. They are burned at TGE.
Two Burn Engines Make the Story Easy to Sell
The strongest crypto narratives are easy to repeat. SpaceBeat has one: rockets fly, supply falls.
The first burn engine is automatic. Confirmed launch events burn tokens from the Propellant Tank according to Burn Units, with larger event classes carrying larger weights. The whitepaper includes orbital launches, booster landings, crewed launches, Starship flights, cadence records, and major milestones in the burn schedule.
The second burn engine is community-driven. SpaceBeat introduces Mission Patches, limited digital collectibles minted around confirmed launches. These patches can only be bought with $SPACEBT, and 100% of every mint payment is burned. Standard patches close after 24 hours, while rarer events receive more limited editions.
That creates a repeatable cycle: countdown, launch, confirmation, burn receipt, patch window, lower supply.
Why Buyers Are Watching Before the IPO Launch
The SpaceX IPO is pulling huge attention toward launch cadence, Starship progress, satellite deployment, and booster reuse. Reuters has reported heavy demand before trading even begins, showing how crowded the traditional IPO lane may become.
SpaceBeat gives crypto buyers a different route into the same attention cycle. It does not need to track shares or wait for stock-market access. It is built around the public launch calendar itself, with a planned dashboard showing Tank balance, cumulative burns, burn receipts, oracle attestations, and countdowns to upcoming launches.
For buyers looking at the space narrative before the market spotlight gets even brighter, SpaceBeat’s presale is the window to watch now. The phases are limited, the cap is fixed, and every step toward the IPO launch pushes the launch-economy story further into the mainstream.
Website: http://www.spacebeat.io/
The post SpaceX IPO Crypto to Buy Before It’s Too Late? Investors Rush Ahead of the Launch appeared first on Blockonomi.

TLDR
Cramer declares the market environment has deteriorated and recommends waiting to buy stocks
Robust jobs data pushes Fed rate cut probability to near zero, with 96% chance of no June action
Apple stock tumbled approximately 7% following lackluster investor response to its developer event
Alphabet’s massive $80B capital raise for AI infrastructure may siphon liquidity from equities
SpaceX’s highly anticipated IPO risks market disruption if shares surge then crash post-debut
Jim Cramer has reversed course on his market optimism, cautioning investors that key factors supporting his previous bullish view are deteriorating. During a recent CNBC “Mad Money” segment, the veteran market commentator advocated for a wait-and-see approach.
“I am not that bullish,” Cramer stated. “My bullishness can wait. I think you will get a better time to buy than right now.”
Strong Employment Data Erases Rate Cut Expectations
The primary catalyst behind Cramer’s more defensive posture is the May employment report. The economy added 172,000 nonfarm payroll jobs, exceeding consensus forecasts. The unemployment rate remained unchanged at 4.3%.
While robust job creation typically signals economic health, it presents a problem for equity markets. Solid labor market conditions eliminate the Federal Reserve’s rationale for monetary easing.
According to CME Group’s FedWatch Tool, markets are pricing in a 96% probability the Fed maintains its current rate stance at the June 17 policy meeting. A Reuters economist poll revealed that 70% anticipate zero rate reductions throughout 2026.
Cramer suggested the employment strength could even justify a rate increase, though few mainstream economists share that extreme view. Regardless, the takeaway remains clear — monetary policy loosening is off the agenda.
Apple’s Disappointment and SpaceX’s Uncertainty
Apple presented another concern for the market strategist. Shares declined roughly 7% during the June 4-10 period after the company’s 2026 Worldwide Developers Conference. Announcements regarding Siri’s partnership with Google Gemini left investors underwhelmed.
“Apple is a leader, maybe the leader, and I don’t want to lose the leader of this stock market,” Cramer explained.
Additionally, Alphabet recently closed an enormous $80 billion equity offering to finance artificial intelligence infrastructure expansion. Cramer expressed concern that if additional tech giants pursue similar capital-raising strategies, it could drain available investment capital from the wider market.
The upcoming SpaceX public offering introduces further complexity. The space exploration company’s IPO carries an estimated $1.7 trillion valuation. While Cramer acknowledged strong initial demand should prevent opening-day losses, he warned of potential overvaluation leading to subsequent collapse.
“What happens if it opens too high simply because there’s not enough stock to go around, and then we watch a sickening decline after that moment?” he questioned.
What This Means for Market Participants
Despite the S&P 500 maintaining approximately 6% gains year-to-date, Cramer is counseling restraint. He believes more attractive buying opportunities may emerge for patient investors.
Regarding SpaceX particularly, Cramer advised that only investors with extremely long time horizons should consider participating at the IPO price — jokingly recommending limit orders “for your grandchildren.”
For the immediate future, Cramer sees the risk-reward equation tilted unfavorably for investors entering positions at prevailing market levels.
The post Jim Cramer Turns Bearish: Why the Stock Rally May Be Running Out of Steam appeared first on Blockonomi.

Conclusiones Clave
Las acciones de Momentus (MNTS) cayeron un 18% durante las horas previas al mercado el viernes tras la divulgación de una recaudación de capital de $25 millones
La empresa espacial anunció planes para vender 1,851,852 acciones comunes a través de una oferta directa registrada al precio de mercado
Se espera que los ingresos brutos totales asciendan a aproximadamente $25 millones, antes de deducir comisiones de colocación y costos de transacción
Se anticipa que la finalización de la transacción ocurra alrededor del 15 de junio de 2026
Los fondos recaudados se destinarán a los requisitos de capital de trabajo y usos corporativos generales

Key Takeaways
Charina Chou, Google’s Quantum AI COO, stated the federal funding included stipulations that would have restricted the company’s development velocity
Specific requirements tied to the $2B initiative remain undisclosed
Nine companies participated in the program, including IBM, GlobalFoundries, Rigetti, PsiQuantum, and Quantinuum
Notable absences included Microsoft and IonQ alongside Alphabet
GOOGL shares declined approximately 2.51% to trade near $347.46 on Thursday
Alphabet (GOOGL) has finally addressed why the tech giant didn’t participate in President Trump’s $2 billion quantum computing funding program — and the explanation centers on operational flexibility.
During remarks at the Semafor Tech Summit in San Francisco on June 10, Charina Chou, Chief Operating Officer of Google Quantum AI, revealed that the company opted out because participating would have compromised its ability to advance quantum computer development at its preferred rate.
GOOGL stock declined roughly 2.51% to approximately $347.46 during Thursday’s trading session.
The specific stipulations linked to the federal program haven’t been publicly revealed. However, Chou emphasized that Google maintains collaborative relationships with Washington through alternative channels and endorses government funding for foundational quantum research.
The $2B program was organized through non-binding letters of intent rather than finalized agreements. Its primary objective was to bolster America’s quantum computing infrastructure and counter China’s expanding influence in quantum technology.
In May 2026, nine organizations were designated as recipients. The roster featured IBM (IBM), GlobalFoundries (GFS), Quantinuum, PsiQuantum, Rigetti Computing (RGTI), and Infleqtion (INFQ).
Major Players Excluded from Funding
Alphabet, Microsoft (MSFT), and IonQ (IONQ) were notably missing from the recipient roster. Until Chou’s recent statements, no official rationale had been provided.
Neither IonQ nor Microsoft has issued comparable public explanations regarding their exclusion from the program.
The omission of these three prominent quantum technology leaders has sparked industry discussion, particularly given their substantial financial commitments and technological capabilities in the sector.
Perspectives on Federal Support
Pete Shadbolt, co-founder of PsiQuantum, championed government involvement in quantum development. He characterized public funding as entirely appropriate due to the technology’s national security ramifications.
This perspective isn’t universally shared. Questions about whether federal participation accelerates or impedes commercial quantum innovation appear to be intensifying across the industry.
IBM’s quantum computing leader Scott Crowder provided a development roadmap during the same conference. He projected IBM would deliver its first production-ready scalable quantum system by 2029.
This timeline positions IBM approximately three years from achieving a critical benchmark — while still operating under preliminary agreements with the Trump administration’s quantum program.
Alphabet hasn’t indicated whether it might reconsider participation in subsequent government initiatives under modified terms.
RGTI stock climbed approximately 2.38% on Thursday, while IBM shares decreased about 1.35%.
The post Why Alphabet (GOOGL) Rejected Trump’s $2 Billion Quantum Computing Initiative appeared first on Blockonomi.

Puntos Clave
SK Hynix ha seleccionado Nasdaq como su bolsa preferida para un próximo debut en EE. UU., eludiendo la Bolsa de Valores de Nueva York
Las acciones del fabricante coreano de chips de memoria han disparado un 230% en lo que va del año, llevando su valoración más allá del umbral de $1 billón
Se anticipa la aprobación de la SEC para la cotización de los recibos de depósito americanos de la compañía durante la semana que comienza el 22 de junio
Fuentes indican que la recaudación de capital podría alcanzar aproximadamente $14 mil millones
Expertos de la industria atribuyen la selección de Nasdaq a valoraciones superiores de empresas tecnológicas y una exposición significativa de fondos de inversión pasivos

Quick Summary
Shares of Redwire climbed 14.9% Thursday following an upgrade from Jefferies Financial Group to hold status
Trading reached $17.28 at its peak with approximately 66.8 million shares changing hands—more than twice typical daily volume
Investor enthusiasm surrounding a potential SpaceX public offering has lifted sentiment across publicly traded space companies
A recent commercial space greenhouse project award contributed additional upward pressure
Shareholder dilution worries persist following the company’s expansion of its equity offering program to $500 million
Shares of Redwire (RDW) advanced 14.9% during Thursday’s session, peaking at $17.28 before closing near $17.08, compared to Wednesday’s finish of $14.87.
The rally followed Jefferies Financial Group’s decision to lift its rating on the space infrastructure company to hold. Trading activity surged to approximately 66.8 million shares, significantly above the typical 31.7 million daily average.
Redwire’s advance isn’t happening in isolation. The entire space sector has experienced renewed momentum tied to speculation surrounding a possible SpaceX initial public offering, driving traders toward publicly available space-focused equities.
Beyond the rating change, Redwire gained additional support from the announcement of a contract award for a commercial greenhouse mission in space. This development provided a concrete business catalyst alongside the technical momentum.
However, concerns linger. The company’s recent decision to expand its at-the-market equity offering program to $500 million has raised questions about potential shareholder dilution, creating headwinds in earlier trading sessions.
Wall Street Remains Divided on Outlook
Analyst perspectives on Redwire remain fragmented. Truist Financial elevated the stock to strong-buy status in May, while Canaccord Genuity lifted its target from $12 to $14 alongside a buy recommendation. Alliance Global Partners also maintains a buy rating.
Conversely, Weiss Ratings kept its sell designation in April. Zacks moved from strong sell to hold in March, representing modest improvement but hardly a bullish stance.
The overall consensus lands at Moderate Buy, with a median price objective of $15.44—notably beneath Thursday’s closing price following the session’s gains.
Recent Quarterly Results Underwhelm
Redwire released first-quarter financial results on May 6th that fell short of Wall Street projections. The company recorded an earnings loss of $0.40 per share, substantially wider than the anticipated $0.16 deficit.
Revenue totaled $96.97 million, trailing the consensus forecast of $105.94 million. Despite missing expectations, revenue demonstrated robust 57.9% year-over-year expansion, indicating strong top-line momentum even as profitability remains elusive.
Wall Street analysts currently project a full-year loss of $0.76 per share.
Regarding institutional positioning, Bank of America dramatically expanded its holdings by over 7,500% during the first quarter, adding more than 6.7 million units. State Street increased its stake by 61.1% in Q4, while UBS boosted its position by 140.8%.
Meanwhile, company insiders have moved in the opposite direction. Over the previous three months, insiders disposed of approximately 23.3 million shares valued at roughly $228.8 million.
The stock exhibits a beta of 2.92, signaling heightened volatility relative to broader markets. Year-to-date, shares have appreciated approximately 95%.
The post Redwire (RDW) Stock Climbs Nearly 15% on Jefferies Rating Boost and Space Sector Momentum appeared first on Blockonomi.

TLDR:
Appeals court upholds Bankman-Fried’s fraud conviction and 25-year prison sentence.
Judges called the government’s evidence against him “conservatively stated, robust.”
Former deputies’ testimony proved he diverted FTX funds to Alameda Research.
Bankman-Fried remains imprisoned near Santa Barbara, eligible for release in 2044.
Sam Bankman-Fried has lost his appeal to overturn his fraud conviction and 25-year prison sentence. A three-judge panel at the 2nd U.S. Circuit Court of Appeals issued the ruling on Friday. The decision upholds the FTX founder’s conviction from 2023 over the exchange’s collapse.
Appeals Court Rejects Bankman-Fried’s Arguments
The Manhattan-based appeals court found the evidence against Bankman-Fried was strong. In their 42-page opinion, the judges wrote that “the government’s evidence against him was, conservatively stated, robust.” This ruling closes one avenue for Bankman-Fried to challenge his conviction.
Bankman-Fried’s defense had argued that Judge Lewis Kaplan made an error during the trial. They claimed Kaplan improperly blocked evidence showing FTX had enough funds to cover withdrawals. The defense believed this evidence could have changed the trial’s outcome.
Prosecutors disagreed and presented a different view to the appeals court. They pointed to testimony from three of Bankman-Fried’s former deputies as overwhelming proof. These former employees pleaded guilty and cooperated with investigators during the case.
The former employees testified that Bankman-Fried directed them to use FTX customer funds. He allegedly told them to use this money to cover losses at Alameda Research. Alameda was the crypto-focused hedge fund Bankman-Fried also founded.
Background on the FTX Collapse and Sentencing
Bankman-Fried was once one of the cryptocurrency industry’s most prominent figures. He built a reputation through large philanthropic donations and political contributions. His net worth and influence grew rapidly before FTX’s sudden collapse in 2022.
A federal jury in Manhattan found Bankman-Fried guilty on seven felony charges in 2023. He had pleaded not guilty to two counts of fraud and five counts of conspiracy. During his trial, he admitted to making mistakes while running FTX.
However, Bankman-Fried testified that he never stole funds from customers. Prosecutors with the Manhattan U.S. Attorney’s office disagreed strongly with this claim. They said he stole $8 billion from FTX customers in total.
Officials called this scheme a “fraud of epic proportions” during legal proceedings. At his sentencing hearing in March 2024, Judge Kaplan addressed Bankman-Fried directly. Kaplan said Bankman-Fried knew his actions were wrong at the time.
Kaplan added that Bankman-Fried “made a very bad bet about the likelihood of getting caught.” Bankman-Fried is currently held at a low-security federal prison near Santa Barbara. He remains eligible for release in 2044 under his current sentence.
The appeals court ruling means his 25-year sentence stays in place for now. This case remains one of the largest fraud cases in crypto history.
The post SBF Loses Appeal: Court Upholds FTX Fraud Conviction and 25-Year Sentence appeared first on Blockonomi.

Key Highlights
Nasdaq announced CoreWeave’s addition to the Nasdaq-100 Index, taking effect June 22 during the quarterly rebalance
Shares surged approximately 5% during Friday’s pre-market session, reaching $100.42
The company completed pricing on a $3.25 billion dual-currency senior notes offering, scheduled to close June 18
Bond Capital Management revealed a new position in CoreWeave, now representing its top holding
The rebalance will see five companies exit the index, including Charter Communications (CHTR) and Zscaler (ZS)
Shares of CoreWeave (CRWV), an AI cloud infrastructure provider, jumped nearly 5% during Friday’s pre-market session following Nasdaq’s confirmation that the company will enter the Nasdaq-100 Index on June 22, 2026.
According to Benzinga Pro data, the stock advanced 4.89% to reach $100.42 before the market opened.
The June quarterly rebalance will see CoreWeave join the prestigious index alongside Astera Labs (ALAB), Nebius Group (NBIS), Rocket Lab (RKLB), and Teradyne (TER). All five additions experienced pre-market gains, with Rocket Lab showing the strongest performance, climbing 6.81%.
The new entrants will take the place of Charter Communications (CHTR), Cognizant Technology Solutions (CTSH), Insmed (INSM), Verisk Analytics (VRSK), and Zscaler (ZS).
When companies join major indices, passive funds and ETFs that track these benchmarks must purchase shares to maintain portfolio alignment. This automatic buying pressure frequently creates upward momentum in share prices.
Major Debt Financing Completed
In a separate development, CoreWeave announced the pricing of a private debt offering consisting of $1.25 billion in 9.625% senior notes alongside €2 billion in 8.500% senior notes, both with 2032 maturity dates. The transaction is anticipated to finalize on June 18, 2026.
Management stated that funds raised will support general corporate operations, including the retirement of existing debt obligations.
Additionally, Bond Capital Management announced a newly established position in CoreWeave, identifying it as the firm’s top portfolio holding. This institutional endorsement contributed to the positive market sentiment surrounding the stock.
The successful dual-currency financing, paired with significant institutional interest, alleviated immediate concerns about potential equity dilution to finance the company’s growth initiatives.
Technical and Fundamental Outlook
Despite Friday’s upward movement, CoreWeave continues trading beneath its 20-day simple moving average of $106.08 and its 50-day SMA of $108.54. However, shares remain above the 100-day SMA of $97.89 and are hovering near the 200-day SMA of $100.05.
The stock formed a golden cross pattern in May, when the 50-day SMA moved above the 200-day SMA—a technical formation that traders frequently monitor as a potential indicator of sustained uptrend development.
Immediate resistance is located around $100.50, while support appears established near $95.00.
Technical momentum indicators present a mixed picture. The MACD currently trades below its signal line, and the overall technical sentiment registers as Strong Sell despite the positive index inclusion announcement.
Analyst coverage remains constructive, with 46 analysts assigning CoreWeave a consensus Buy rating and an average price target of $140.28. Recent analyst opinions include BNP Paribas at $192 (Outperform), Cantor Fitzgerald at $167 (Overweight), and DA Davidson at $100 (Neutral following a downgrade).
The company is scheduled to report earnings on August 11, 2026. Wall Street analysts project a loss of $1.25 per share on revenues of $2.56 billion, representing significant growth from the prior year’s $1.21 billion.
CoreWeave has delivered a year-to-date return of +33.70% and currently maintains a market capitalization of $52.23 billion.
The post CoreWeave (CRWV) Stock Surges 5% Following Nasdaq-100 Index Addition Announcement appeared first on Blockonomi.

TLDR
Semiconductor firm Marvell Technology taps Dan Durn, Adobe’s outgoing CFO, as its new finance leader starting June 15
Existing CFO Willem Meintjes will remain in an advisory capacity until April 2027
Durn brings extensive semiconductor experience from Applied Materials, NXP Semiconductors, and GlobalFoundries
The company maintained its second quarter fiscal 2027 financial outlook with the leadership announcement
Shares of MRVL have skyrocketed 230% in 2025, with Nvidia’s Jensen Huang predicting Marvell could reach $1 trillion valuation
Marvell Technology has secured Dan Durn as its incoming chief financial officer, recruiting him from Adobe where he served five years leading finance, technology, security, and operations as CFO and executive vice president.
Durn assumes his new position on June 15. The transition won’t be entirely unfamiliar territory — he’s served on Marvell’s board for two years, providing him with insider knowledge of the company’s operations and strategic direction.
The current finance chief, Willem Meintjes, will maintain involvement through an advisory role lasting until April 2027, ensuring continuity during the handover period. Meintjes, who came aboard Marvell in 2016 shortly before CEO Matt Murphy joined, explained his decision stems from wanting to prioritize family time.
Murphy praised Meintjes’ contributions in the company’s statement. “During his tenure, Willem helped build our finance organization from the ground up and served as a steady and trusted partner through some of the most consequential periods of growth and transformation in our history,” Murphy noted.
Shares of MRVL have exploded 230% since January, fueled by market optimism surrounding the company’s AI infrastructure portfolio, which encompasses custom silicon, networking solutions, and data center technologies.
A Finance Leader Steeped in Chip Industry Experience
Durn’s professional history represents a comprehensive journey through semiconductor finance. Prior to his tenure at Adobe, he served as chief financial officer at Applied Materials (AMAT). His resume also includes CFO positions at NXP Semiconductors (NXPI) and GlobalFoundries (GFS).
This experience carries significant relevance. The semiconductor sector requires sophisticated financial stewardship due to its capital intensity and cyclical nature. Marvell operates in a complex environment, and Durn has navigated similar challenges throughout his career.
Durn also brings an unconventional background to the CFO position. He earned his degree in Control Systems from the U.S. Naval Academy and completed six years of commissioned service as a naval officer, achieving the rank of lieutenant.
Murphy explained the rationale behind selecting Durn. “He understands how these businesses work, how they scale, and what it takes to lead finance through periods of significant growth,” Murphy stated. “That depth of experience, combined with his understanding of the capital markets and operational demands of businesses at our scale, makes him well-suited.”
Financial Outlook Remains Unchanged
Concurrent with announcing Durn’s appointment, Marvell confirmed its second quarter fiscal 2027 financial projections remain intact. This confirmation carries significance — it suggests the executive transition isn’t connected to any underlying financial concerns.
Nvidia (NVDA) CEO Jensen Huang recently projected Marvell as a candidate to reach $1 trillion market capitalization, remarks that intensified already strong investor interest in the stock.
Marvell has posted consistent revenue and earnings expansion over the previous 18 months as enterprise and hyperscaler AI infrastructure investment has accelerated industry-wide.
Durn faces immediate pressure managing investor expectations as this expansion phase continues and analysts scrutinize whether Marvell can sustain its momentum.
The post Marvell (MRVL) Recruits Adobe’s Finance Chief as Stock Surges 230% This Year appeared first on Blockonomi.

Aspectos Clave
Nvidia domina el sector de chips de IA con un apoyo abrumador de analistas: 51 compras y ninguna venta
Broadcom se expande a través de soluciones de infraestructura de IA y asociaciones de silicio personalizado con gigantes tecnológicos
TSMC sirve como la columna vertebral de fabricación para prácticamente todas las principales empresas de semiconductores
El sentimiento de los analistas sobre las tres acciones sigue siendo abrumadoramente positivo
Las inversiones en centros de datos de IA en auge alimentan las perspectivas de crecimiento para este trío de semiconductores
El sector de semiconductores está experimentando un impulso sin precedentes en 2026, con tres líderes de la industria capturando la atención de Wall Street: Nvidia, Broadcom y la Compañía de Fabricación de Semiconductores de Taiwán. Estas empresas ocupan posiciones estratégicas en todo el ecosistema de chips, ganando respaldos entusiastas de los analistas del mercado.

TLDR:
Securitize expande su Fondo Tokenizado AAA CLO, STAC, a la red blockchain de Solana.
Ethena Labs planea una asignación de $250 millones a STAC, respaldando las reservas de USDe.
STAC fue desarrollado con BNY, que actúa como custodio y subasesor de los activos.
La emisión global de CLO supera los $1.3 billones, marcando un hito importante en la tokenización del crédito.
Securitize ha expandido su Fondo Tokenizado AAA CLO, conocido como STAC, a Solana. Ethena Labs planea asignar $250 millones al fondo. Esto marca uno de los compromisos más grandes con el crédito estructurado tokenizado en Solana hasta ahora. Este movimiento refuerza la adopción institucional de activos del mundo real en la cadena.

Key Highlights
Nebius Group (NBIS) secures a spot in the Nasdaq-100, with inclusion taking effect June 22, 2026, as part of the quarterly index rebalancing.
Shares rallied 12.9% in after-hours trading Thursday following the announcement, with gains continuing into Friday’s session.
First-quarter 2026 revenue reached $399 million, marking a 684% increase compared to the prior year.
The AI infrastructure stock has climbed over 160% since the start of the year, outperforming all other new index entrants.
Company insiders have offloaded $131 million worth of shares in the last three months, with zero insider purchases recorded.
Nebius Group (NBIS) has earned its place among the elite companies in the Nasdaq-100. The exchange operator revealed its latest quarterly index overhaul on Thursday, confirming that NBIS will be added before trading begins on June 22.
Shares spiked 12.9% in extended trading Thursday after the disclosure. As of Friday’s publication time, NBIS was changing hands at $229.15, reflecting an additional 3% climb.
The Nasdaq-100 serves as the foundation for more than 200 investment products managing upwards of $800 billion globally. All passive funds and exchange-traded products replicating the index must acquire NBIS shares before the June 22 inclusion date, driving consistent demand in the run-up to that milestone.
Nebius enters the prestigious index alongside Astera Labs (ALAB), CoreWeave (CRWV), Rocket Lab (RKLB), and Teradyne (TER). Meanwhile, Charter Communications, Cognizant, Insmed, Verisk Analytics, and Zscaler are being removed.
Among the five incoming companies, Nebius tops the list for year-to-date returns at 165.5%. Astera Labs follows with a 120.9% gain, Teradyne posts 97.0%, Rocket Lab shows 64.5%, and CoreWeave rounds out the group at 33.7%.
Explosive Revenue Expansion Fuels Index Entry
The addition to the Nasdaq-100 follows an impressive first quarter in 2026. Nebius delivered revenue of $399 million during the period—representing a massive 684% surge from the $50.9 million recorded in Q1 2025.
Adjusted EBITDA turned positive at $129.5 million, a dramatic reversal from the $53.7 million loss posted in the comparable quarter a year earlier.
Nebius counts Nvidia among its strategic backers and maintains long-term infrastructure contracts with industry giants Microsoft and Meta. A multiyear $17 billion revenue deal with Microsoft has proven instrumental to the company’s expansion trajectory.
Recent strategic moves include a £1.7 billion commitment to establish Nvidia infrastructure across the United Kingdom, a Physical AI Living Lab collaboration with Nvidia aimed at supporting robotics entrepreneurs, and plans for a 1.2 GW AI facility in Pennsylvania.
High Valuation and Insider Selling Raise Questions
Despite the impressive rally, certain indicators warrant caution. NBIS currently trades at a price-to-earnings multiple of 73.01x, significantly exceeding broader market norms.
The company’s GF Score registers at 52 out of 100, indicating middling overall performance. Its financial strength earns a 4/10 rating, profitability scores 5/10, and growth potential ranks 6/10.
Insider trading patterns have tilted bearish. Throughout the past three months, company insiders have liquidated $131 million in stock. No insider purchases have been documented during this timeframe.
The Amsterdam-headquartered firm, which emerged from Russian technology company Yandex after Ukraine-war-related sanctions, now commands a market capitalization of roughly $56.43 billion.
NBIS has surged more than 160% year to date, positioning it among the top performers in the AI infrastructure sector throughout 2026.
The post Nebius (NBIS) Stock Soars 13% on Nasdaq-100 Index Inclusion appeared first on Blockonomi.

Aspectos Clave
SharonAI y Nvidia revelaron una asociación de seis años para lanzar 72MW de infraestructura de centros de datos de IA en Australia.
El despliegue contará con hasta 40,000 GPUs Nvidia Grace Blackwell GB300 para servir a startups, empresas e instituciones académicas.
Nvidia recibirá ingresos estándar por hardware junto con un porcentaje de las ganancias del servicio en la nube de Sharon AI.
Las acciones de SHAZ subieron hasta un 25% tras el anuncio; la acción ha despegado un 138% desde su debut a $30 en febrero.
La capacidad total de infraestructura de IA de la compañía ha alcanzado 132MW, con 102MW ya comprometidos con clientes.

Key Highlights
Shares of Richtech Robotics (RR) declined approximately 10–12% during premarket hours Friday following disclosure of significant accounting mistakes
CBIZ CPAs P.C., the company’s newly appointed audit firm, identified the issues during their examination of first quarter 2026 financial data
Accounting failures involve improper treatment of warrants, a standby equity agreement, and restricted stock compensation from late 2025
Financial restatements will cover fiscal 2024 and 2025 through multiple amended regulatory submissions
While adjustments are anticipated to be primarily non-cash in nature, management cautioned that certain corrections may prove material
Shares of Richtech Robotics (RR) tumbled between 10% and 12% in premarket session Friday following the company’s announcement that it must restate financial results spanning several reporting periods.
The revelation emerged through a Securities and Exchange Commission filing submitted June 9, 2026, where Richtech’s Audit Committee concluded that certain previously released financial statements should no longer be considered reliable.
The accounting discrepancies were identified by CBIZ CPAs P.C., the company’s recently engaged independent auditing firm, during their review of financial results for the three months ending March 31, 2026.
CBIZ identified three principal areas of concern. The first involves incorrect accounting treatment for warrant liabilities during the fiscal periods concluding in September 2024 and September 2025. The second relates to misapplication of accounting standards for the Standby Equity Purchase Agreement entered with YA II PN, Ltd. The third concerns improper accounting for restricted stock awards granted during December 2025.
The auditing firm additionally noted that any investor communications, earnings announcements, or press materials related to these timeframes should be considered unreliable.
Scope of Financial Restatements
Richtech intends to submit an amended Form 10-K/A for its fiscal year concluding September 30, 2025. Additionally, the company will file corrected quarterly reports covering the periods ending December 31, 2024, March 31, 2025, June 30, 2025, and December 31, 2025.
Management indicated that restatements are expected to “primarily involve non-cash accounting adjustments” without anticipated impact on available cash, cash flow from operations, or fundamental business activities.
Nevertheless, Richtech acknowledged ongoing examination of additional potential accounting errors. Should these prove erroneous, the necessary corrections “could be material,” according to company disclosures.
Internal Control Deficiencies Persist
Compounding investor anxiety, Richtech revealed that a previously disclosed material weakness in internal financial controls reported as of September 30, 2025 remains unresolved — contradicting earlier assertions that the deficiency had been addressed.
“We indicated in the Form 10-Q for the quarter ended December 31, 2025, that the material weakness that was reported at September 30, 2025, was remediated. This material weakness has not been remediated,” Richtech stated in the regulatory filing.
The organization now anticipates disclosing an additional material weakness specifically concerning accounting for financial instruments. Final determinations from the current assessment will be included in the upcoming amended Form 10-K/A.
Richtech further warned that conclusions regarding other potential error categories remain incomplete, suggesting the possibility of further adjustments ahead.
The stock traded down roughly 10% during Friday’s premarket session.
The post Richtech Robotics (RR) Stock Plunges 12% Following Multi-Year Financial Restatement Announcement appeared first on Blockonomi.

Key Highlights
RZLV shares surge following announcement of proposed $300M share repurchase initiative
Company engages BTIG to facilitate planned buyback program pending regulatory clearance
Management believes current stock price undervalues company’s technological and commercial achievements
Proposed capital reduction requires both shareholder consent and UK Court authorization
Company intends to fund repurchases with cash while exploring additional non-dilutive financing
Shares of Rezolve AI PLC (RZLV) experienced significant upward movement following the company’s announcement of a substantial $300 million share buyback initiative. The stock demonstrated strength during regular trading hours and continued climbing in pre-market activity. This development reflects management’s conviction regarding the company’s underlying value.
Stock performance strengthens on repurchase announcement
Rezolve AI PLC experienced a 5.86% increase during regular trading, finishing the session at $2.53 amid elevated volume. Pre-market activity brought additional gains of 11.07%, lifting the price to $2.81. This upward trajectory positioned RZLV stock at new short-term peaks.
Rezolve AI PLC, RZLV
The positive price action came after the company disclosed its intention to pursue shareholder authorization for a substantial buyback program. Management will formally present this initiative during the annual general meeting scheduled for June 30, 2026. Additionally, the board intends to request approval for a corresponding capital reduction.
According to the announcement, the proposed initiative could facilitate ordinary share repurchases totaling up to $300 million. The firm has established a formal arrangement with BTIG to execute the planned structure. Under this agreement, BTIG will purchase shares through market transactions based on predetermined pricing parameters.
Company pursues capital reduction authorization
Rezolve AI anticipates receiving shareholder approval based on current voting structures. Nevertheless, the initiative also requires authorization from the UK Court for the capital reduction component. Current projections suggest final approval could arrive by late August.
The capital reduction procedure adheres to established protocols outlined in the UK Companies Act 2006. Following regulatory clearance, the company plans to initiate repurchase activities promptly. Management intends to deploy available cash resources to fund the program’s initial phases.
The framework provides Rezolve AI with operational flexibility across multiple execution strategies. Options include standard market purchases, bulk transactions, privately negotiated deals, and structured trading arrangements. Execution timing will depend on share price levels, market liquidity, and prevailing conditions.
Management emphasizes long-term value proposition
According to the company, this initiative demonstrates management’s belief in sustainable business fundamentals. The board expressed the view that current market capitalization fails to capture the organization’s achievements. Leadership highlighted advances in technology infrastructure, revenue generation, and strategic alliances.
Chief Executive Officer Daniel M. Wagner noted that the company has significantly enhanced its platform capabilities since going public. He emphasized expanded commercial opportunities and a growing network of strategic partners. Leadership maintains that the prevailing stock price substantially undervalues the enterprise.
The buyback program does not obligate the company to purchase a predetermined quantity of shares. Management retains authority to pause, modify, or terminate the initiative as circumstances warrant. Additional program specifics will be communicated through formal shareholder documentation and regulatory submissions.
Rezolve AI delivers artificial intelligence-driven commerce solutions via its Brain Suite technology platform. The organization supports retail companies, consumer brands, and financial services providers with real-time transaction capabilities. Its platform enables seamless purchases through AI-enhanced customer interactions.

The post Rezolve AI (RZLV) Stock Surges on Massive $300M Share Buyback Announcement appeared first on Blockonomi.

Key Takeaways
SpaceX launched its public offering at $135 per share, establishing an $1.8 trillion market valuation before Friday’s trading kickoff
The space industry saw widespread gains, including Rocket Lab, EchoStar, AST SpaceMobile, and Firefly Aerospace
Nasdaq 100 will add Rocket Lab effective June 22, alongside four artificial intelligence-focused companies
Adobe shares tumbled nearly 7% following earnings beat, pressured by CFO’s announced move to Marvell Technology
Lennar shares declined after the homebuilder reduced its annual delivery guidance, blaming elevated mortgage rates and softening demand
SpaceX established its IPO pricing at $135 per share Thursday evening, assigning the aerospace company an approximate $1.8 trillion market capitalization. Trading was scheduled to commence Friday, with market observers anticipating a gradual price discovery process.
The public offering triggered widespread enthusiasm across space-sector equities before market opening.
EchoStar advanced 5.7%. Investors view the satellite operator as a SpaceX surrogate following an agreement to transfer spectrum rights to Elon Musk’s venture in return for approximately 2% equity stake.
Firefly Aerospace climbed 6.7%. AST SpaceMobile registered a 3.8% increase. Virgin Galactic posted roughly 6% gains, participating in the widespread commercial space industry momentum.
Nasdaq 100 Announcement Boosts Space Sector
Rocket Lab surged 6.6% following Nasdaq’s announcement that the company will enter the Nasdaq 100 on June 22 during the scheduled quarterly index adjustment.
Four artificial intelligence-related companies similarly earned Nasdaq 100 inclusion. Astera Labs increased 3.7%, CoreWeave jumped 4.2%, Nebius climbed 4.4%, and Teradyne edged up 0.9%.
Index additions generally stimulate buying from passive funds and exchange-traded products tracking the benchmark, potentially providing price support.
Adobe Declines Despite Earnings Performance
Adobe retreated 6.6% despite delivering second-quarter adjusted earnings of $5.96 per share on $6.62 billion revenue, surpassing analyst projections across both metrics.
The software company elevated its annual outlook, forecasting revenue between $26.5 and $26.6 billion with adjusted earnings per share ranging from $24.35 to $24.45.
Notwithstanding the positive results, market participants appeared disappointed by insufficient evidence of artificial intelligence revenue acceleration.
Additional selling pressure stemmed from CFO Dan Durn’s announced transition to semiconductor and networking firm Marvell Technology.
Advanced Micro Devices gained 1.5% to $495.70 after Citi elevated the chipmaker to Buy from Neutral, raising its target price to $575 from $460.
Homebuilders Under Pressure From Weakening Outlook
Lennar declined 1.9% after lowering its annual home delivery projection to 82,000-83,000 units, down from the previous estimate of approximately 85,000.
The homebuilder attributed the revision to elevated mortgage rates, affordability challenges, consumer hesitation, and geopolitical instability.
Second-quarter revenue fell short of Wall Street projections, intensifying investor concerns.
Lennar projected third-quarter new orders between 21,000 and 22,000 homes with deliveries of 20,500-21,500 units, both trailing consensus forecasts.
Executive leadership highlighted rising energy costs and resurgent inflation as persistent obstacles to housing market demand.
First Advantage rose 5% after S&P Dow Jones announced the company will substitute Kennedy-Wilson Holdings in the S&P SmallCap 600, taking effect June 16.
The post SpaceX IPO Sends Space Stocks Soaring: Rocket Lab, Firefly, and EchoStar Rally on Market Debut appeared first on Blockonomi.

Aspectos Clave
Wolfe Research elevó el objetivo de precio de MU a $1,250 desde $550, manteniendo la calificación de Sobreponderar
Goldman Sachs aumentó el objetivo a $900 (calificación Neutral); Wells Fargo lo subió a $1,220 (calificación de Sobrepeso)
Las acciones de MU saltaron aproximadamente un 11% el jueves; cayeron un 0.97% a $986.23 en la sesión pre-mercado del viernes
Se acerca la publicación de ganancias del 24 de junio — Wall Street espera un BPA de $19.46 frente a $1.91 interanual
Los analistas de la industria predicen que la demanda de memoria superará la capacidad de suministro hasta 2027, potencialmente extendiéndose hasta 2028

Puntos Clave
La oferta pública histórica de SpaceX se fijó en $135 por acción, generando aproximadamente $75 mil millones en lo que se anticipa que será la mayor OPV de la historia
Los futuros del S&P 500, Dow Jones y Nasdaq avanzaron el viernes por la mañana antes del debut en el mercado de SpaceX
El presidente Trump detuvo la acción militar contra Irán, desencadenando el rally de alivio del mercado del jueves
El petróleo crudo cayó hasta un 5% en medio del creciente optimismo por una resolución diplomática entre EE. UU. e Irán
El calendario económico del viernes presenta el informe de sentimiento del consumidor de la Universidad de Michigan