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Micron plunges 13% on eve of earnings report: Can the AI bull market continue?

3 hours ago

The U.S. AI sector is facing a crucial test. Global storage chip leader Micron Technology (MU) is scheduled to release its earnings report after today’s market close. On the eve of the report, its stock price has pulled back more than 13% from recent highs, sparking market concerns over the AI sector’s future trend. Market analysis holds that this correction is not caused by Micron’s own earnings miss, but by the pullback in the global semiconductor sector. Recently, storage chip leaders including SK Hynix and Samsung Electronics have remained under pressure, leading the market to worry that the AI sector has posted excessive gains and carries high valuations in the early phase, with some funds opting to take profits ahead of the earnings report. Meanwhile, investors have developed certain differences of opinion over the future demand growth rate of High Bandwidth Memory (HBM) and changes in industry supply and demand. As Micron is a core player in the AI server industrial chain, its earnings report is regarded as an important barometer to test the current AI investment boom. If it continues to release positive signals such as strong AI data center demand and tight HBM supply, it may boost sentiment in the NVIDIA industrial chain and the semiconductor sector; conversely, it could trigger a further revaluation of AI sector valuations. As a global one-stop multi-asset allocation platform, BiyaPay supports investments in multiple markets including U.S. stocks, Hong Kong stocks, and digital assets, and offers zero-commission trading for U.S. stocks. Users can track real-time developments of global tech leaders and seize investment opportunities brought by the AI wave.

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Trump Makes Series of Major Announcements Within 24 Hours: Pressures Iran, Slams Oil Companies, Plans to Probe High Oil Prices

US President Trump has made a flurry of statements over the past 24 hours on Iran, energy markets, and government personnel appointments. On Middle East issues, Trump said the US is pushing for a "fair deal" with Iran to end conflicts in the Strait of Hormuz, and reiterated that "Iran cannot possess nuclear weapons". He claimed Iran has agreed to accept long-term, even permanent, top-level nuclear inspections, and warned that no further talks would take place if Tehran refuses the inspections. Separately, in response to Iran’s denial that it had arranged access for International Atomic Energy Agency (IAEA) inspectors, Trump called Iran’s statement "incorrect", adding that the inspectors would enter Iran at an appropriate time. Trump also criticized the US Senate’s push to hold a vote on the War Powers Resolution, which limits the president’s war powers, saying the move sends a weak signal to Iran and will complicate future negotiations. On energy, Trump accused major oil companies of not passing on the full drop in crude oil prices to gas station retail prices, saying consumers are being "ripped off", and noted he has ordered the US Department of Justice (DOJ) to launch an immediate investigation. Additionally, a source familiar with the matter told reporters that Heidi Overton, White House domestic policy assistant, is among the candidates for commissioner of the US Food and Drug Administration (FDA). Separately, FIFA President has revealed that Trump will attend the World Cup final to be held in New Jersey, USA on July 19 and present the trophy to the champion team.

2 minutes ago

贝莱德向Coinbase存入2,700枚BTC和52,956枚ETH

According to monitoring by OnchainLens, an address linked to BlackRock has deposited 2,700 BTC (valued at approximately $168.63 million) and 52,956 ETH (valued at roughly $88.17 million) into Coinbase.

2 minutes ago

QCP Capital：市场关注点从美伊协议签署转向执行风险，美联储释放更长期维持高利率信号

QCP Capital’s daily observation notes that following the signing of the U.S.-Iran Memorandum of Understanding (MOU), the market’s focus has shifted from the agreement’s conclusion to execution risks. While Brent crude prices have fallen back below $80, navigation through the Strait of Hormuz has not fully resumed—only around 14 vessels transit the strait daily, far below normal levels. Key watch indicators over the next 60 days will be progress in technical negotiations and the implementation of the Lebanon-Israel ceasefire. On the monetary policy front, the Federal Reserve held interest rates steady in the 3.50%-3.75% range, but the median dot in its 2026 dot plot was raised from 3.4% to 3.8%, further reinforcing the "higher for longer" stance. Meanwhile, the Fed lifted its 2026 inflation forecast from 2.7% to 3.6%, underscoring that inflation remains a core constraint on current policy. In the tech sector, SpaceX’s share price has dropped from its post-IPO high of $211 to $155, a 27% decline from the peak, though still above its $135 IPO price. QCP believes the market narrative is shifting from the IPO boom to AI financing logic, with SpaceX increasingly emerging as a key component of the AI capital formation cycle. In the crypto market, Strategy continues to accumulate Bitcoin, holding 847,363 BTC—roughly 4% of the total Bitcoin supply—with an average cost basis of $75,651. QCP points out that while Strategy’s financing and accumulation mechanisms remain operational, its room to continue leveraging to add Bitcoin positions is narrowing, given the spot price is below its cost basis and preferred share prices have fallen below par value.

2 minutes ago

Data: Total value locked (TVL) in DeFi fell by 39% cumulatively in 2026, with TRON and Hyperliquid growing against the trend.

CryptoRank’s latest report shows that decentralized finance (DeFi) total value locked (TVL) has declined for six consecutive months, falling from around $115 billion in January 2026 to roughly $70 billion currently, marking a 39% year-to-date drop, a trend reflecting the ongoing correction following the 2025 crypto market peak. Data indicates that 121 security incidents have occurred in the DeFi space since the start of 2026, resulting in total losses of approximately $942 million. Among these, 85 attacks took place in the second quarter, causing around $775 million in losses, making it one of the most attack-prone quarters on record. The April attacks on Drift Protocol ($295 million) and KelpDAO ($293 million) alone account for more than half of the year’s total losses. Among the top 10 public blockchains by TVL, only TRON and Hyperliquid have posted positive growth. TRON’s year-to-date TVL rose by around 5%, driven primarily by demand for USDT transfers, stablecoin settlements, and lending services. Hyperliquid’s TVL grew by roughly 6.7%, fueled by its leading position in the on-chain perpetual contracts market and the expansion of its HyperEVM ecosystem. However, the report notes that the current DeFi downturn is significantly milder than the 2021–2022 cycle. Back then, DeFi TVL plummeted by over 70% in just seven months, while current capital is flowing more into segments like stablecoins, real-world assets (RWA), derivatives, and infrastructure, making the market structure more diversified and mature than in the previous cycle.

2 minutes ago

Binance will list OUSDT perpetual contracts, supporting up to 10x leverage.

Binance announced that to enrich contract trading options and enhance user trading experience, Binance Futures will launch the OUSDT U-based perpetual contract at 19:45 Beijing time on June 24, supporting a maximum leverage of 10x.

2 minutes ago

Using Donations to Buy a Ferrari? UK Reform Party Leader Calls Tether Shareholders' $6.7 Million Donation an "Unconditional Gift"

Reform UK leader Nigel Farage has addressed the ￡5 million (approximately $6.7 million) gift he received from Tether shareholder Christopher Harborne, describing the funds as an "unconditional gift" whose use is entirely personal—adding, "If I wished, I could use it to buy a Ferrari." The UK Parliament’s Standards Commissioner is currently investigating whether Farage should have declared the donation after being elected as a Member of Parliament in 2024. Under parliamentary rules, newly elected MPs are generally required to disclose high-value gifts received in the preceding year. Harborne, a British-Thai businessman, holds roughly 12% of Tether—issuer of the stablecoin USDT—and is one of Reform UK’s key donors. In response to external concerns that the gift could influence his stance on cryptocurrency, Farage rejected the claim, stating he has long supported the crypto industry and advocates for establishing a UK Bitcoin reserve and lowering capital gains tax on digital assets. Notably, the personal gift is separate from political donations Harborne has made to Reform UK, and neither was paid in cryptocurrency.

2 minutes ago

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