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NVIDIA (NVDA.O) rose by 2.6%, with its total market value surpassing $5.5 trillion once again.

[NVIDIA's Market Value Surpasses $5.5 Trillion Again]NVIDIA (NVDA.O) rose by 2.6%, with its total market value surpassing $5.5 trillion once again.

NVIDIA's Market Value Surpasses $5.5 Trillion Again

The Nasdaq 100 Index has turned positive, with Marvell Technology (MRVL.O) rising by 22%, Broadcom (AVGO.O) increasing by 5.3%, and Nvidia (NVDA.O) gaining 3.1%.

[Nasdaq 100 Index Turns Positive]The Nasdaq 100 Index has turned positive, with Marvell Technology (MRVL.O) rising by 22%, Broadcom (AVGO.O) increasing by 5.3%, and Nvidia (NVDA.O) gaining 3.1%.

Nasdaq 100 Index Turns Positive

On June 2, SpaceX, owned by Elon Musk, is negotiating with Wall Street investment banks handling its IPO, aiming to pay a significantly reduced fee rate. However, even with a substantial reduction in fees, the banks responsible for this record-setting IPO are still expected to earn approximately $500 million from it. The aerospace and AI group plans to go public this month with a fundraising target of $75 billion. According to insiders, the company is currently trying to lower the underwriting fee rate to below 0.75%. Although this rate is much lower than the usual level, it will still become one of the most profitable IPOs in history for the Wall Street banks involved. As the lead underwriters for this IPO, Goldman Sachs and Morgan Stanley are expected to receive a larger share of the underwriting fees compared to the other 21 participating brokerages. Insiders noted that these figures only reflect the base underwriting fees paid by SpaceX and do not include any potential additional incentive fees. Due to the discussions being confidential, sources requested anonymity. Representatives for SpaceX, Goldman Sachs, and Morgan Stanley declined to comment.

[SpaceX Seeks to Lower IPO Underwriting Fees, Banks Still Expected to Earn $500 Million]On June 2, SpaceX, owned by Elon Musk, is negotiating with Wall Street investment banks handling its IPO, aiming to pay a significantly reduced fee rate. However, even with a substantial reduction in fees, the banks responsible for this record-setting IPO are still expected to earn approximately $500 million from it. The aerospace and AI group plans to go public this month with a fundraising target of $75 billion. According to insiders, the company is currently trying to lower the underwriting fee rate to below 0.75%. Although this rate is much lower than the usual level, it will still become one of the most profitable IPOs in history for the Wall Street banks involved. As the lead underwriters for this IPO, Goldman Sachs and Morgan Stanley are expected to receive a larger share of the underwriting fees compared to the other 21 participating brokerages. Insiders noted that these figures only reflect the base underwriting fees paid by SpaceX and do not include any potential additional incentive fees. Due to the discussions being confidential, sources requested anonymity. Representatives for SpaceX, Goldman Sachs, and Morgan Stanley declined to comment.

SpaceX Seeks to Lower IPO Underwriting Fees, Banks Still Expected to Earn $500 Million

On June 2, according to official news, Ondo Perps announced that it will launch on June 9. Ondo Perps is the first perpetual contract platform specifically built for real-world assets (RWA).

[Ondo Perps to Launch on June 9]On June 2, according to official news, Ondo Perps announced that it will launch on June 9. Ondo Perps is the first perpetual contract platform specifically built for real-world assets (RWA).

Ondo Perps to Launch on June 9

Google A (GOOGL.US) fell over 4%, hitting a low of $359.7, marking a new one-month low. In the news, Google's parent company Alphabet announced plans to raise up to $80 billion through equity financing to support its large-scale AI infrastructure investments. The financing consists of three parts: a $30 billion concurrent underwritten public offering, a $40 billion at-the-market offering, and a $10 billion private investment from Berkshire Hathaway. Alphabet stated that AI is bringing the company 'an expansionary moment,' and this financing will help 'support significant growth opportunities in the future.' The company reiterated its capital expenditure plan of up to $190 billion for this year and expects this figure to 'increase significantly' by 2027, while its operating cash flow totaled $174 billion over the past year.

[Market Shaken by $80 Billion Financing Plan, Google A Falls Over 4% to New One-Month Low]Google A (GOOGL.US) fell over 4%, hitting a low of $359.7, marking a new one-month low. In the news, Google's parent company Alphabet announced plans to raise up to $80 billion through equity financing to support its large-scale AI infrastructure investments. The financing consists of three parts: a $30 billion concurrent underwritten public offering, a $40 billion at-the-market offering, and a $10 billion private investment from Berkshire Hathaway. Alphabet stated that AI is bringing the company 'an expansionary moment,' and this financing will help 'support significant growth opportunities in the future.' The company reiterated its capital expenditure plan of up to $190 billion for this year and expects this figure to 'increase significantly' by 2027, while its operating cash flow totaled $174 billion over the past year.

Market Shaken by $80 Billion Financing Plan, Google A Falls Over 4% to New One-Month Low

On June 2, asset management giant Franklin Templeton announced the integration of its BENJI tokenized money market fund and other tokenized products into MoonPay's on-chain trading platform, MoonPay Trade. Through this collaboration, institutional users can leverage MoonPay's recently launched on-chain trading infrastructure to achieve seamless exchanges between stablecoins like USDC and USDT and Franklin Templeton's tokenized money market fund, further enhancing on-chain cash management and asset allocation efficiency. Both parties indicated that this collaboration is expected to serve as the foundation for a broader strategic partnership between Franklin Templeton and MoonPay. MoonPay noted that this marks an expansion of the company's business scope from cryptocurrencies, fiat currencies, and stablecoins into the realm of tokenized real-world assets (RWA). Additionally, this initiative is one of the first significant strategic moves since Caroline Pham joined as CEO of MoonPay Institutional; Pham previously served as the acting chair of the U.S. Commodity Futures Trading Commission (CFTC).

[Franklin Templeton Integrates BENJI Tokenized Money Market Fund with MoonPay Trade]On June 2, asset management giant Franklin Templeton announced the integration of its BENJI tokenized money market fund and other tokenized products into MoonPay's on-chain trading platform, MoonPay Trade. Through this collaboration, institutional users can leverage MoonPay's recently launched on-chain trading infrastructure to achieve seamless exchanges between stablecoins like USDC and USDT and Franklin Templeton's tokenized money market fund, further enhancing on-chain cash management and asset allocation efficiency. Both parties indicated that this collaboration is expected to serve as the foundation for a broader strategic partnership between Franklin Templeton and MoonPay. MoonPay noted that this marks an expansion of the company's business scope from cryptocurrencies, fiat currencies, and stablecoins into the realm of tokenized real-world assets (RWA). Additionally, this initiative is one of the first significant strategic moves since Caroline Pham joined as CEO of MoonPay Institutional; Pham previously served as the acting chair of the U.S. Commodity Futures Trading Commission (CFTC).

Franklin Templeton Integrates BENJI Tokenized Money Market Fund with MoonPay Trade

On June 2, digital asset financial services company Galaxy Digital announced that its global market trading division has officially launched an over-the-counter (OTC) prediction market trading service aimed at institutional clients. Through this product, hedge funds, family offices, and other institutional investors can participate in prediction market trading at scales and levels of privacy that retail platforms cannot offer. The service currently covers non-sports event contracts traded on Kalshi and Polymarket, including events driven by economic, political, and geopolitical factors. Galaxy stated that it will expand to more prediction market platforms in the future. Additionally, the company can combine prediction market positions with stocks, commodities, and other assets to help clients build comprehensive risk management strategies around single events. Galaxy revealed that this business has completed its first institutional trade. The company executed a $10 million prediction market trade related to the outcome of the CLARITY Act for crypto-native hedge fund Arca. Through Galaxy's OTC trading platform, Arca was able to directly predict the final outcome of the bill and receive institutional-level liquidity and bilateral trade execution services. This move also reflects that prediction markets are gradually evolving from retail speculative tools to risk management and event trading tools for institutional investors.

[Galaxy Digital Launches OTC Prediction Market Trading Service for Institutions]On June 2, digital asset financial services company Galaxy Digital announced that its global market trading division has officially launched an over-the-counter (OTC) prediction market trading service aimed at institutional clients. Through this product, hedge funds, family offices, and other institutional investors can participate in prediction market trading at scales and levels of privacy that retail platforms cannot offer. The service currently covers non-sports event contracts traded on Kalshi and Polymarket, including events driven by economic, political, and geopolitical factors. Galaxy stated that it will expand to more prediction market platforms in the future. Additionally, the company can combine prediction market positions with stocks, commodities, and other assets to help clients build comprehensive risk management strategies around single events. Galaxy revealed that this business has completed its first institutional trade. The company executed a $10 million prediction market trade related to the outcome of the CLARITY Act for crypto-native hedge fund Arca. Through Galaxy's OTC trading platform, Arca was able to directly predict the final outcome of the bill and receive institutional-level liquidity and bilateral trade execution services. This move also reflects that prediction markets are gradually evolving from retail speculative tools to risk management and event trading tools for institutional investors.

Galaxy Digital Launches OTC Prediction Market Trading Service for Institutions

On June 2, the Nasdaq Golden Dragon China Index rose over 2%. Zhongjin Medical increased by 16.01%, Li Auto rose by 6.60%, Hesai Technology gained 6.14%, Century Internet increased by 5.28%, and Alibaba rose by 4.78%.

[Nasdaq Golden Dragon China Index Rises Over 2%]On June 2, the Nasdaq Golden Dragon China Index rose over 2%. Zhongjin Medical increased by 16.01%, Li Auto rose by 6.60%, Hesai Technology gained 6.14%, Century Internet increased by 5.28%, and Alibaba rose by 4.78%.

Nasdaq Golden Dragon China Index Rises Over 2%

On June 2, Alphabet (GOOG.O) opened down 3.6%, marking its largest drop since March 26.

[Alphabet (GOOG.O) Opens Down 3.6%, Largest Drop Since March 26]On June 2, Alphabet (GOOG.O) opened down 3.6%, marking its largest drop since March 26.

Alphabet (GOOG.O) Opens Down 3.6%, Largest Drop Since March 26

On June 1, local time, Israeli Prime Minister Netanyahu stated via social media that he has instructed the Israel Defense Forces to target locations in the Dahieh area of southern Beirut. (CCTV News)

[Israeli Prime Minister Orders Strikes on Southern Beirut]On June 1, local time, Israeli Prime Minister Netanyahu stated via social media that he has instructed the Israel Defense Forces to target locations in the Dahieh area of southern Beirut. (CCTV News)

Israeli Prime Minister Orders Strikes on Southern Beirut

Hoskinson Says This Cardano App Could Become Crypto’s Most-Used By 2030

Top Cryptos Under $0.05 Offering 1,000%+ Upside Potential if Adoption Targets Are Reached

From Mining Pool to Mars: Why Is Wang Chun in the SpaceX Cockpit?

Retail Investors' 'Lead Brother' Serenity vs. Newly Minted Stock God Leopold: How Are the Two Top Hunters Mining AI's 'Physical Limits'?

VVV Surges Over 10x This Year, Is the Base Ecosystem the Last Hope for Crypto AI?

One Article Deconstructs the Investment Methodology of 'Stock God Serenity'

Deconstructing the Investment Methodology of the 'Stock God Serenity' in One Article

Sharplink CEO: Ethereum's Future Is Playing Out Now

Kalshi and Coinbase Receive CFTC Approval, Ushering in the Most Regulation-Friendly Era for the Crypto Industry?

Weekly Token Unlocks: HYPE Unlocks $650M Worth of Tokens

Article

BTC drops below 71000 USDT

Israeli Prime Minister: IDF Will Continue Operations in Southern Lebanon as Planned

Israeli Prime Minister Orders Strikes on Southern Beirut

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