U.S. Stock Market Open: Major Indexes Up Across the Board, Intel Up 11.5%, MRVL Up 9.6%

June 8: HTX market data shows FTT briefly surged over 77% before retracing, and is now trading at $0.335. Earlier, Bloomberg reported that FTX co-founder Sam Bankman-Fried (SBF) has formally submitted a pardon application to U.S. President Trump, seeking to overturn his 25-year prison sentence stemming from the FTX fraud case.

June 8: Israeli Defense Minister Gantz stated that any attack on Israeli northern settlements would result in a strike on Dahiyeh, a neighborhood in southern Beirut. The Israel Defense Forces will continue targeting the Hezbollah terrorist organization inside Lebanon. Israel firmly rejects Iran’s threats. Any Iranian attempt to tie Lebanon to itself to carry out an attack on Israel will receive a strong response—just like the one Israel deployed yesterday, Gantz emphasized.

June 8 — Bitcoin’s recent drop below the $60,000 mark isn’t driven by MicroStrategy (the top corporate Bitcoin holder) selling its holdings, but rather institutional investors pulling funds from U.S. spot Bitcoin ETFs amid renewed inflation concerns, according to Markus Thielen, founder of research firm 10x Research. Since May 12, when hotter-than-expected U.S. April CPI data was released, spot Bitcoin ETFs have seen roughly $5.4 billion in net outflows, Thielen pointed out. Over the same period, MicroStrategy — one of the few major buyers in the crypto space — added around $2 billion worth of Bitcoin to its holdings. “The market misread what’s driving this recent selloff; the issue isn’t with MicroStrategy,” he emphasized. 10x Research projects U.S. May CPI year-over-year growth will hit 4.3%, above the market’s consensus forecast of 4.2%. If the inflation data released this Wednesday comes in above 4%, it could strengthen fears the Federal Reserve will keep interest rates high or e

June 8 – Per The Information, Goldman Sachs and JPMorgan are exploring strategies for trading around computing power costs, eyeing the launch of futures products pegged to GPU rental prices.

June 8 — FTX co-founder Sam Bankman-Fried (SBF) has officially submitted a pardon application to U.S. President Trump, seeking to overturn his 25-year prison sentence stemming from the FTX fraud case, Bloomberg reports. SBF had previously repeatedly voiced his desire for a presidential pardon while actively pursuing his appeal process. Earlier this year, Trump stated he had no plans to pardon SBF, a stance the White House echoed. Now that the formal application has been filed, the process has entered a new phase.

June 8 — The widely followed self-proclaimed "White-Haired Stock Guru" Serenity pointed out that the market may have underestimated the significance of JPMorgan Chase’s disclosure of holding a stake exceeding 5.25% in Sivers (ticker: $SIVE). He noted that the $135 million investment is not sizable for a major U.S. financial institution, but Sivers’ limited outstanding shares mean institutional players are gradually absorbing positions from retail investors. Serenity added that JPMorgan’s entry sends a clear signal to other institutional investors that large funds are accumulating Sivers’ circulating shares — a move that could draw more institutional capital to the stock. Furthermore, given Sivers’ high short interest in its floating shares, short-selling firms — including some Swedish hedge funds and quant trading shops — may face significant short covering pressure (a dynamic that could trigger a short squeeze). This event once again validates the investment logic of "retail investo