Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

Morgan Stanley’s Chief U.S. Equity Strategist Mike Wilson believes the market correction is entering its final stage, which could lay the groundwork for a year-end rebound. Wilson forecasts the S&P 500 will first approach its 7,100–7,300 downside range before bottoming, while retaining his year-end target of 8,000. However, the firm advises investors to wait before buying the dip, as market breadth remains weak and concerns over AI infrastructure financing persist.

Ark Invest CEO Cathie Wood expressed continued optimism about the market outlook in an interview with CNBC. "When markets are worried, I feel more at ease, because this usually means a more sustainable bull market. I think this bull market hasn’t derailed yet," she said. Wood forecasts that the U.S. stock rally will continue through 2027, with advancements in new technologies such as AI agents and autonomous taxis further driving the market. However, she acknowledged that rising financing costs are a key risk facing tech stocks. Wood noted that current market sentiment is vastly different from the tech and telecom bubbles of the 1980s and 1990s, when investors generally believed tech stocks would keep rising and lacked sufficient vigilance for potential risks. When asked if the current bull market is nearing its end, Cathie Wood explicitly said no. "I think we are in the middle of a technological revolution."

According to data from the BIT Stock Platform, the three major U.S. stock indexes opened higher. The S&P 500 rose 1.15% at open, the Nasdaq 100 gained 1.62%, and the Dow Jones Industrial Average climbed approximately 1.03%. SpaceX (SPCX) advanced 2.71%. Optical communications stocks rallied broadly: Coherent (COHR) jumped 7.10%, Ciena (CIEN) rose 6.43%, Lumentum (LITE) gained 5.60%, Credo (CRDO) added 4.95%, and Applied Optoelectronics (AAOI) was up 0.74%. The Neocloud sector saw mixed performance. Astera Labs (ALAB) rose 5.77%, AST SpaceMobile (ASTS) gained 3.93%, Nebius (NBIS) advanced 1.77%, while IREN fell 4.71%, Cipher Mining (CIFR) dropped 2.22%, and CoreWeave (CRWV) declined 1.05%. Semiconductor stocks were mixed. Broadcom (AVGO) jumped 6.23%, AMD gained 5.42%, ASML advanced 4.93%, Marvell Technology (MRVL) rose 3.75%, TSMC (TSM) added 2.41%, Arm (ARM) climbed 1.65%, Micron Technology (MU) gained 1.46%, Intel (INTC) rose 0.53%, while Nvidia (NVDA) fell 6.54%. Storage stocks moved higher: Western Digital (WDC) jumped 5.99%, Seagate Technology (STX) advanced 3.98%, and SanDisk (SNDK) added 1.64%. Crypto-related stocks mostly declined. Strategy (MSTR) dropped 3.81%, BNB Standard (BNC) fell 2.26%, Circle (CRCL) declined 2.08%, Coinbase (COIN) fell 1.38%, MARA Holdings (MARA) dropped 0.79%, while Robinhood (HOOD) rose 1.16%. Super Micro Computer (SMCI) fell 3.41%.

According to data from BIT Stock Platform, US stocks opened higher and rallied throughout the session. The Nasdaq’s gain expanded to 2%, the S&P 500 rose 1.5%, the Dow Jones increased 1.3%, and the Philadelphia Semiconductor Index gained 3%. Western Digital climbed 5.93%, AMD advanced 7%, and Tesla rose 4.95%.

According to data from BIT Stock Platform, U.S. stock markets opened with gains: the Dow Jones Industrial Average rose 1.3%, the S&P 500 added 0.8%, and the Nasdaq climbed 0.8%. Most leading tech stocks advanced: Google (GOOG.O) gained 2.6% after launching two new TPUs to challenge Nvidia. AMD (AMD.O) jumped 5.9%, Meta Platforms (META.O) rose 3.9%, and Micron Technology (MU.O) added 1.9%. Nvidia (NVDA.O) fell 8.4% at the open, weighed down by events related to Jensen Huang.

An administrator from Injective's official Telegram group responded to the "Injective network halted block production" incident, stating that Injective is currently coordinating with validators on a planned mainnet upgrade test in preparation for a major network upgrade scheduled for the coming weeks. This test is part of Injective's newly launched Network Readiness Program, designed to verify the emergency upgrade process and enhance collaboration between validators and ecosystem partners following the launch of Injective Institutional Rail. The team is advancing relevant processes and will restore normal network operation as soon as possible.