CoreWeave executives have collectively sold about $2.3 billion in stock since the IPO
June 9 — CoreWeave, an AI infrastructure provider, saw its executives offload over $2.3 billion in company shares following the end of the firm’s lock-up period, Bloomberg reported.
The primary sellers behind the trades are co-founders Michael Intrator, Brannin McBee, and Brian Venturo. All sales were executed through 10b5-1 preset trading plans, which allow corporate insiders to sell stock under predetermined schedules and rules— a standard framework to reduce risks of insider trading allegations.
A CoreWeave spokesperson told Bloomberg that the founding team remains bullish on the company’s long-term prospects, framing the share sales as moves to generate personal liquidity and diversify their investment portfolios.
In a standout detail, Chief Strategy Officer Brian Venturo alone has sold more than $1.1 billion in shares since the lock-up period expired in August, making him the second-largest individual insider seller by total proceeds this year.
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HKMA Chief: Hong Kong Dollar Stablecoin to Launch Within the Year, Wealth Management Connect 3.0 Continues Discussions
June 9. According to a report from Caixin, Norman Chan, Chief Executive of the Hong Kong Monetary Authority, led a delegation from the Hong Kong Association of Banks to Beijing recently and sat for a group media interview on June 8. During the interview, Chan covered key market topics including Hong Kong’s stablecoin licensing framework, cross-border financial oversight, and the internationalization of the renminbi (RMB).
Chan noted Hong Kong stands as a core hub for accessing the mainland Chinese market, boasting three key advantages: a robust institutional system, strategic geographic positioning, and a mature market ecosystem. Going forward, the city will continue attracting global capital inflows.
On stablecoin licensing plans, Chan revealed that AnChain Technology is on track to launch a stablecoin by mid-year, with trial usage likely kicking off in the coming weeks. HSBC, meanwhile, is set to launch its own stablecoin between the third and fourth quarters of this year. The two
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The US ADP Employment Change for the week ending on May 23rd shows a weekly variation of 29,000 jobs.
June 9: ADP data shows the U.S. weekly nonfarm payroll change came in at 29,000 for the week ended May 23, down from the prior reading of 35,750. (FXStreet)
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「White Hair Stock God」: Several AI small and mid-cap targets still have upside potential, personally holding NBIS, TSEM, and AAOI
June 9 – The renowned "White-Haired Stock Sage" Serenity posted on social media that a cohort of mid-cap and small-cap companies with AI exposure (sporting market capitalizations between roughly $10 billion and $100 billion) are still compelling trading opportunities in today’s market. These names include: ASX, Sumitomo Electric, JBL, VICR, GFS, AAOI, AlChip, TSEM, FN, Furukawa Electric, CLS, NBIS, NOK, AMKR, LITE, and COHR.
Serenity added that this basket of "AI exposure trades" collectively has a market cap in the $10 to $100 billion range, and may currently deliver a more favorable risk-reward profile than the substantially appreciated Arm Holdings and Marvell Technology. The investor revealed he only holds positions in NBIS, TSEM, and AAOI personally, but opined that all the highlighted stocks still have room for further upside.
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Nasdaq Establishes Economic Research Institute, with AI as the First Key Research Area
June 9 – Nasdaq today announced the launch of the Nasdaq Economics Research Institute, designed to examine key issues impacting the global economy and capital markets.
Artificial Intelligence (AI) has been named the institute’s inaugural core research area. It will focus on analyzing AI’s long-term impacts across areas including productivity, the labor market, corporate operations, capital allocation, and financial market development, delivering research support and actionable insights to investors, businesses, and policymakers.
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Morpho Completes $175 Million Funding Round, Led by a16z Crypto and Paradigm
June 9 – DeFi lending protocol Morpho has closed a $175 million funding round, led by a16z Crypto, Paradigm, and Ribbit Capital, with additional participation from Apollo Funds, Circle Ventures, VanEck, and other institutional investors, per Fortune magazine.
The round was priced based on Morpho’s average token value over the past month, bringing the protocol’s valuation to roughly $20 billion. Morpho allows institutions to build custom on-chain lending markets and adjust risk parameters to fit their needs, and it has already drawn adoption from major firms including Coinbase, Kraken, Anchorage Digital, and Galaxy Digital. Current data shows the protocol’s Total Value Locked (TVL) stands at around $6.6 billion.
Moving forward, Morpho plans to expand its institutional DeFi lending business and ramp up competition with leading lending protocols like Aave.
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