Iranian Media: Strait of Hormuz Transit Permit Application Now Open

June 2nd: Bitget market data indicates that shares of Hewlett Packard Enterprise (HPE) gapped up and surged by 25.77%, hitting a new all-time high, with the stock currently trading at $59.05 per share. As a leading provider of enterprise technology solutions, HPE offers a comprehensive suite of products and services covering servers, storage, and networking solutions. On June 1st, HPE released its Q2 FY2026 earnings report: revenue reached $10.7 billion, representing a 40% year-over-year increase; adjusted earnings per share came in at $0.79, both figures handily exceeding analyst consensus expectations. Furthermore, Morgan Stanley has raised HPE’s stock price target from $33 to $71.

On June 2, U.S. stocks opened lower, per Bitget market data: the Dow Jones Industrial Average dipped 0.4%, the S&P 500 slipped 0.18%, and the Nasdaq Composite declined 0.2%. In semiconductor early trading, gains were broad for several key players: NVIDIA (NVDA.O) rose 0.6% after confirming its Spectrum-X Ethernet Silicon Photonics Technology is now in full production. Marvell Technology Group (MRVL.O) surged 20% to a brand-new all-time high, with NVIDIA CEO Jensen Huang expressing optimism that Marvell will become the next trillion-dollar company. Broadcom (AVGO.O) added 5% as Morgan Stanley kept its Buy rating on the stock and lifted its price target. STMicroelectronics climbed 10% following an announcement that the chipmaker had raised its full-year revenue target for its data center business segment.

On June 2nd, Coinbase announced an investment in ProShares’ GENIUS Money Market ETF (ticker: IQMM), per an official statement. This fund is the first money market ETF built to comply with GENIUS Act requirements and act as a reserve asset for stablecoins—representing Coinbase’s latest expansion into stablecoin fund management and reserve infrastructure. As described, IQMM primarily invests in U.S. Treasuries with a remaining maturity of 93 days or less, cash, and cash equivalents. It’s structured to align with Section 4 of the GENIUS Act, which governs stablecoin reserve assets. The GENIUS Act mandates stablecoin issuers maintain 1:1 reserve backing with high-quality, highly liquid assets, setting a unified regulatory standard for the sector. Coinbase noted that as stablecoins grow in use for payments, settlements, and the broader digital economy, reserve management, liquidity management, and the infrastructure for stablecoin issuance and redemption have become more critical. The com

June 2nd Update: Cryptocurrency exchange Backpack announced today it will officially launch its securities platform—Backpack Securities—within the coming week. Positioned as a modern brokerage that bridges traditional finance (TradFi) and crypto finance, the platform integrates three core capabilities: verified real securities ownership, on-chain tokenized asset issuance, and unified capital management, all built to deliver a seamless investment experience for users moving between traditional stocks and blockchain-based assets. Per the announcement, Backpack Securities will let users hold actual U.S. securities (including stocks and ETFs) through regulated U.S. market infrastructure, granting full legal rights such as cash dividends and access to corporate actions. It also supports tokenizing these assets: users can transfer and manage tokenized versions on the blockchain 24/7, and convert bidirectionally between traditional securities and on-chain assets via the Backpack exchange. Th

June 2 — Information exchanges between Iran and the U.S. on a preliminary memorandum of understanding have been interrupted for at least several days, per informed sources cited by Iran's Fars News Agency.

On June 2, Anthropic is granting an additional 150 global institutions access to its Mythos AI model, a tool built to uncover network security vulnerabilities. The company has previously stated that the risks of releasing Mythos publicly are too high to justify doing so. Anthropic plans to formalize this expansion in an announcement coming Tuesday, bringing the total number of institutions with access to Mythos to around 200. The newly approved institutions are spread across 15 countries and span industries including energy, healthcare, and telecommunications. While Anthropic hasn’t shared specific names of the added entities, the company noted some are organizations that produce critical programming code. Insiders have confirmed that Europe’s cybersecurity agency will be among those granted access to the software. To stay updated on global AI trends around the clock, join the DCSN Beating Feishu AI News Channel, which monitors international AI developments 24/7.