Goldman Sachs Raises End-2026 S&P 500 Target to 8,000 Points

May 27 – According to a public analyst report, Micron Technology’s stock price received target price hikes from several international investment banks in May. Institutions including UBS and Melius set a $1,100 price target, while Bank of America and Deutsche Bank offered targets ranging from $950 to $1,000. The average May target price stood at $1,008 per share. This round of upward adjustments represents a sharp increase from analysts’ price targets in early April (which fell between $400 and $700), reflecting sustained market enthusiasm for AI storage demand and HBM (high-bandwidth memory) business growth expectations.

May 27. Asian stocks posted mixed results Wednesday amid growing market optimism over a potential U.S.-Iran peace deal, with South Korean equities leading the rally, particularly in the tech and semiconductor sectors. South Korean chip behemoth SK Hynix jumped more than 10%, crossing the $1 trillion market cap threshold. Samsung Electronics also advanced, following word of a labor deal that averted a major strike. Over in U.S. equities, the market has been on a solid upward run, with the S&P 500 and Nasdaq both notching fresh all-time highs. Micron Technology, for its part, rallied almost 20% in a single session, also topping $1 trillion in market value. The consensus is that the AI boom is broadening beyond GPUs to AI infrastructure segments like High Bandwidth Memory (HBM), fueling the semiconductor sector’s ongoing rally. That said, even though recent U.S. airstrikes targeting Iran have ratcheted up tensions, the market is still betting on a final U.S.-Iran agreement—pushin

May 27 – Pro-cryptocurrency Democratic candidate Christian Menefee has defeated 20-year incumbent Al Green in the Democratic primary runoff for Texas’ 18th U.S. House District, flipping a seat long controlled by Green, a vocal critic of the crypto sector. Crypto industry-backed Super PAC Fairshake’s affiliate Protect Progress poured millions of dollars into the race to support Menefee and oppose Green. A Fairshake spokesperson framed Green’s loss as a clear signal that anti-crypto stances carry real political consequences. Public records outline the candidates’ divergent views: Menefee backs blockchain technology, arguing it has the potential to boost transparency and efficiency in finance and supply chains. He holds an “A” rating from crypto advocacy group Stand With Crypto. By contrast, Green has previously opposed the GENIUS Stablecoin Act and Clarity Act, and warned cryptocurrencies could erode the U.S. dollar’s global standing, earning an “F” rating from Stand With Crypto. Data

May 27: Binance announced it will suspend deposits and withdrawals for Base Network tokens starting at 17:00 UTC on May 28 to support the Base Network’s upcoming upgrade and hard fork. The network upgrade is expected to go live at 18:00 UTC on May 28. Binance added that trading for these tokens will remain unaffected during the upgrade, and the platform will manage all necessary technical work. Once the network is stable, Base Network deposit and withdrawal services will resume—no additional advance notice will be provided ahead of the restart.

On May 27th, monitoring data from OnchainLens shows that Bitmine has added 5,760 ETH to its staked positions, with this new addition valued at approximately $11.9 million. As of press time, Bitmine’s total staked Ethereum holdings stand at 4,718,677 ETH, carrying an aggregate market worth of around $9.76 billion.

May 27 — During a press conference hosted by the State Council Information Office with the theme “Advancing the Rule of Law,” Liu Guixiang, a full-time member of the Supreme People’s Court’s Judicial Committee at the vice ministerial level, announced that China’s people’s courts will conduct in-depth reviews of emerging cases involving virtual currency and cross-border finance. The courts will also promptly issue judicial interpretations for civil compensation related to insider trading and market manipulation, steps aimed at safeguarding the stable functioning of the country’s capital markets and protecting the legitimate rights and interests of small and medium-sized investors. Additionally, the Supreme People’s Court noted it will develop standardized documents for cases involving new digital economy formats, with a focus on researching and formalizing rules for AI-related cases, as well as establishing judicial protections for areas like data ownership, data transactions, and AI-ge