The White House to Hold Meeting with Law Enforcement on the CLARITY Act, Focusing on Illegal Financial Risks and Developer Protection
**Crypto Bill Preparations: White House, Law Enforcement to Discuss CLARITY Act Ahead of Senate Vote**
June 9 — White House officials are set to meet with federal law enforcement agencies on Wednesday to deliberate details of the "Cryptocurrency Market Structure Act" (dubbed the CLARITY Act), focusing on mitigating illicit financial risks and protecting cryptocurrency developers as part of efforts to prep for the bill’s upcoming Senate floor vote.
The legislation is currently undergoing Senate coordination, merging versions from the Banking and Agriculture Committees with added ethical clauses and amendments. It is expected to advance to a full Senate vote after Congress reconvenes on July 13. Over 200 cryptocurrency companies and organizations have signed a joint letter to Senate leadership, urging them to move quickly to hold the full Senate vote on the bill.
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Pre-market: U.S. Stock Market Sees Broad Gains Ahead of Opening, "Huang's Stock Pick" MRVL Up 3.24%
June 9 – Pre-market trading for U.S. stocks in the "Huang Renxun's Selected Stocks" portfolio posted broad gains, per Bitget market data. Gains were seen across the listed stocks as follows: Intel (INTC), +1.57%; Marvell (MRVL), +3.24%; IREN (IREN), +1.82%; Coherent (COHR), +2.26%; Corning (GLW), +2.19%; Lumentum (LITE), +1.52%; and CoreWeave (CRWV), +2.22%.
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U.S. Stock Futures: Semiconductor and Storage Sector Up in Pre-market, Micron Technology Up 3.9%
June 9: According to Bitget market data, the semiconductor and storage sectors both posted broad gains in US pre-market trading, with notable movements for the following stocks:
Advanced Micro Devices (AMD) +1.3%
Qualcomm (QCOM) +3.39%
Seagate Technology (STX) +1.97%
Western Digital (WDC) +2.67%
SanDisk (SNDK) +2.9%
Micron Technology (MU) +3.9%
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SK Hynix Shorts Lead Creates $14.45 Million Buy Order, Plans to Long After Stop-Loss of Short Position
June 9th: Per Hyperinsight’s monitoring, SK Hynix has risen 20.6% since hitting its low at Monday’s open, and it’s continuing to climb today. In the ongoing bull market, a short-selling whale on the platform placed a TWAP (Time-Weighted Average Price) buy order totaling $14.45 million this afternoon. The plan is to first fully close its SKHYNIX short position via stop-loss, then switch to a long position. If the order is fully executed, the address 0x469e9a7f624b04c24f0e64edf8d8a277e6bf58a5 will hold a $6.4 million long position, making it the largest long position for SK Hynix on the Hyperliquid platform.
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trade.xyz Preemptively Prices Tonight's Micron Surge, Stock Price Nearing $1000
June 9: As of today’s pre-market trading session, the perpetual contract for Micron Technology (MU) on trade.xyz has already baked in its sharp daily gains. MU has surged above $999.4, approaching the $1,000 threshold, with a 24-hour increase of 10.92%. The 24-hour trading volume has hit $243 million, while open interest stands at $149 million, per trade.xyz data.
Bitget market figures add that MU closed at $949.28 yesterday, then climbed to $954.99 in after-hours trading. With U.S. stock pre-market hours set to open shortly, MU’s gap-up is now confirmed.
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Gate Launches Direct IPO Access, Creating a One-Stop Investment Ecosystem Covering Pre-IPO to Stock Trading
On June 9, crypto exchange platform Gate officially launched its "IPO Access" program, creating a new channel for users to invest in high-profile global initial public offerings (IPOs).
Users can submit intent-to-purchase applications ahead of a company’s official listing. Once listed, they receive common stock quickly, enabling a one-stop experience from IPO subscription to secondary market trading. The first project under IPO Access is SpaceX, the much-anticipated commercial space company, giving users a new chance to invest in top-tier firms before they go public. Participants can join the offering through Gate’s "IPO" section using USDT. The platform uses a weighted allocation system: users who submit subscriptions earlier get higher allocation priority. After allocations are confirmed, shares will be deposited directly to users’ Gate stock accounts by June 12, letting users hold and trade real U.S. stocks without needing additional account setup.
With the launch of IPO Acces
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