U.S. Stock Futures Rise as Software and Cloud Computing Service Providers Sector Gains, IBM Up Over 11%, ARM Surges Over 220% Year-to-Date

As of June 1, Coinglass data shows that over Ethereum’s history, of the 10 June performances dating back to 2016, only 3 saw monthly price increases while 7 posted declines. The largest June gain in Ethereum’s history came in 2017, with a 26.19% monthly price jump; the steepest June drop was recorded in 2022, when Ethereum fell 44.79% over the course of that month. From 2016 through the present, Ethereum’s average monthly return in June is -6.22%, making it the second-worst performing month of the year—only September, with an average return of -6.35%, ranks worse. The median monthly return for Ethereum in June is -2.42%.

June 1 update: Bitget market data shows IBM Corp (IBM.US) extended its rally in U.S. after-hours trading, jumping more than 11% following a nearly 13% gain in the prior regular session. The stock’s strong performance is driven by two key catalysts: a resurfaced endorsement from former President Donald Trump, often referred to as a "stock guru," and a major U.S. government subsidy. A circulated video from a December White House meeting captures Trump praising IBM CEO Arvind Krishna, noting IBM’s stock had risen from low levels to a "decent point" and predicting further upside for the shares. Separately, IBM secured a $1 billion CHIPS Act subsidy from the U.S. Department of Commerce on May 21 to build a quantum chip manufacturing facility—news that has pushed IBM’s stock higher for a week, bringing it close to its all-time high. Notably, Trump took action beyond verbal praise: his trust quietly purchased a small stake in IBM. A recently disclosed U.S. Office of Government Ethics (O

On June 1st, cryptocurrency exchange Coinbase announced that Indian users can now deposit and withdraw Indian Rupees (INR) directly via IMPS (Immediate Payment Service). The platform also supports spot trading and futures contract trading, and offers a local INR order book to boost liquidity.

BOSTON, June 1 — Just one week after stepping down as Federal Reserve Chair, Jerome Powell delivered remarks here Sunday evening while accepting the Kennedy family’s Profile in Courage Award, weaving broad institutional commentary with a sharp, specific warning about the U.S. central bank’s core foundation. Powell anchored the Fed’s existence to a single non-negotiable principle: No administration should remove a Fed official over policy disagreements. “If a government finds a way to oust a Fed official for policy differences, future governments will do the same,” he emphasized. The decades of credibility the Fed has built is a “priceless asset,” he added, and protecting it is a shared responsibility for himself and his colleagues. He clarified that the executive branch plays no role in selecting or overseeing the 12 regional Federal Reserve Bank presidents—who, alongside the presidentially appointed Board of Governors, hold votes on interest rate decisions. His comments hint at his

On June 1st, the so-called “Stock God” Serenity shared that shares of Arm Holdings (ARM.US)—a stock he initially bought at $134 apiece—have skyrocketed to $354. While the firm’s original $15 billion annual revenue target first struck him as “a bit crazy,” Serenity now says that goal looks entirely reasonable. Key catalysts driving ARM’s recent upside include NVIDIA’s launch of new processors built on ARM architecture at Computex, and a Counterpoint Research forecast projecting ARM’s CPU market share in AI ASIC servers will jump from 25% in 2025 to 90% by 2029. Major tech players including Google, AWS, Meta, Microsoft, and OpenAI are all aligned with ARM’s ecosystem, per Serenity, who added that all signs point to positive momentum ahead for the chip designer—and that he remains extremely bullish on ARM. Back on April 21st, Serenity was already vocal in his bullish stance on ARM, arguing that agentic AI will make workflows increasingly complex, shifting latency bottlenecks from GPUs t

June 1: According to data from Token Unlocks, several tokens will see one-time unlocks this week, including EIGEN, ENA, OPN, HYPE, and RED. Here’s the breakdown of unlock details: - EIGEN: Approximately $7.75 million worth of tokens unlock on June 1, accounting for 6.55% of its total supply. - ENA: Roughly $3.57 million in tokens unlock on June 2, equal to 2.57% of its total supply. - OPN: Around $4.32 million worth of tokens are set to unlock on June 5, representing 10.89% of its total supply. - HYPE: A massive one-time unlock totaling $713.8 million in tokens is scheduled for June 5, making up 2.54% of its total supply. - RED: Approximately $4.9 million in tokens unlock on June 6, accounting for 10.87% of its total supply.