XLM Surges Over 32% in 24 Hours, Market Cap Rises to $13.56 Billion
May 30: Per HTX market data, Stellar’s native token XLM has surged over 32% in the last 24 hours, now trading at $0.27 with a market capitalization of $13.56 billion.
On the development front: The Depository Trust & Clearing Corporation (DTCC) plans to roll out tokenized assets on the Stellar (XLM) network as part of its latest Wall Street blockchain initiative.
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The top ten US companies in the stock market are now all dominated by technology and AI-related firms
**Micron Joins U.S. Top 10 Largest Public Companies Driven by AI Boom**
On May 30, Micron Technology’s market cap crossed $1.1 trillion, pushing it into the top 10 of the U.S. stock market—surpassing Berkshire Hathaway and Eli Lilly in the process. The group now ruling the U.S. large-cap rankings is entirely made up of tech and AI-focused firms: NVIDIA, Microsoft, Apple, Alphabet, Amazon, TSMC, Broadcom, Meta Platforms, Tesla, and the newly added Micron.
Industry analysts credit AI as the core force reshaping how the capital market values companies. Micron’s market cap has surged more than 8-fold in the past year, shifting it from a traditional memory storage maker to a key AI infrastructure beneficiary, fueled by explosive demand for High Bandwidth Memory (HBM). Its latest quarterly results underline this transformation: revenue jumped 196% year-over-year, net profit nearly tripled? No, original says nearly 9 times—adjusted to natural U.S. financial tone: net profit rose nearly
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Senator Lummis: If Missed This Congress, Crypto Legislation Window May Be Pushed to 2030
On May 30, U.S. Senator Cynthia Lummis from Wyoming stated that the next major window for digital asset legislation could be as far off as 2030. Until then, crypto developers will continue to face a lack of legal protection, while law enforcement agencies will lack the effective tools needed to hold bad actors accountable.
Lummis emphasized that the *Clarity Act* is designed to fix both of these issues: it would deliver a clearer regulatory framework for the digital asset industry and give law enforcement the necessary tools for proper regulation and enforcement in the space.
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Yesterday, the US Spot Bitcoin ETF saw a net outflow of $125.3 million, marking the tenth consecutive day of net outflows.
May 30 — U.S. spot Bitcoin ETFs posted a net outflow of $125.3 million yesterday, per Farside data, marking the tenth consecutive day of net outflows.
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「Stock Market Oracle」 Serenity Bullish on AI Photonics Supply Chain, Mentions AAOI, SIVE, Foci, and Shunsin
On May 30, self-proclaimed "new stock guru" Serenity shared a social media post about the current frenzy around AI photonics and data center infrastructure investments, naming four high-risk-reward stocks he’s most bullish on: AAOI, SIVE, FOCI, and Shunsin Technology.
For AAOI, Serenity noted the firm is tapping into the expansion of U.S.-based optical module and laser production capacity, with operations covering every step from laser manufacturing to final assembly stateside. He projects its monthly revenue will reach roughly $471 million by 2027, and the total addressable market (TAM) could see further exponential growth in 2028.
SIVE, he added, has equally strong revenue growth prospects: its overall revenue pipeline is around 77% higher than historical levels, targeting approximately $799 million. Most of this growth comes from its photonics business, which is expected to deliver a 60% gross margin.
Turning to FOCI, Serenity pointed out it’s a key supplier to NVIDIA and TSMC in
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An Ethereum OG sold a total of nearly 65,000 ETH over the past week, cashing out approximately $136 million.
May 30 — On-chain monitoring by Lookinto.chain indicates an early Ethereum adopter has been continuously selling ETH, per new on-chain data. Over the past week, the wallet address has sold a total of 55,000 ETH (approximately $1.1225 billion) and 9,442 wstETH (about $24 million), at an average selling price of roughly $2,041 per ETH. Based on current figures, this address has cashed out around $136 million in the same period.
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