U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

Per CoinBeat Monitoring: Alphabet, Google’s parent company, announced that Gemini 3.5 Pro is on track to launch this June. Key milestones from Gemini’s ecosystem include: The Gemini app now boasts over 9 billion monthly active users (MAUs)—a 4 billion year-over-year increase—plus 350 million paid subscribers. Total monthly token volume processed across all Gemini products and platforms has reached 32 trillion. Separately, Google’s AI Overview feature has surpassed 2.5 billion MAUs, with recent daily token volumes exceeding 30 trillion.

June 3rd, per Bitget market data, U.S.-listed cryptocurrency-related stocks pulled back broadly right after the market opened, with individual performance as follows: - MicroStrategy (MSTR): bounced slightly, up 1.3% - Coinbase (COIN): slid 1.65% - Circle (CRCL): fell 3.5% - BitMine Immersion (BMNR): dropped 2.2% - SharpLink Gaming (SBET): declined 0.95% Meanwhile, U.S. chip, semiconductor, and storage sector stocks saw widespread gains, with individual moves as follows: - Intel (INTC): surged 8.6% - AMD (Advanced Micro Devices): climbed 4.1% - Qualcomm (QCOM): rose 0.9% - Seagate Technology (STX): gained 1.9% - Western Digital (WDC): advanced 5.3% - SanDisk (SNDK): added 1.3%

June 3rd official announcement: Trust Wallet is kicking off the “BNB Hack: AI Trading Agents” hackathon in collaboration with BNB Chain and CoinMarketCap. The total prize pool comes to $36,000, with the Trust Wallet Agent Kit serving as the event’s core on-chain execution tech stack. Notably, this marks the first time the Trust Wallet Agent Kit has taken on a central infrastructure role, fully integrated into a top-tier AI Agent hackathon system. The hackathon features two primary tracks plus three partner-specific awards (each worth $2,000): 1. **Autonomous Trading Agent Track**: Boasts a $24,000 prize pool (5 winners). Participants must use the Trust Wallet Agent Kit to enable local self-hosted signing, autonomous operation, and on-chain transaction execution, building native BNB Chain use cases like PancakeSwap and BSC perpetual contracts. Judging here focuses on real PnL, with a max drawdown limit applied as a risk control threshold. 2. **Strategy Skills Track**: Offers a $6,000 p

On June 3, Alphabet Inc.—Google’s parent company—announced it’s boosting the total proceeds from its planned stock offering to $847.5 billion, up from an initial $800 billion. The financing is earmarked to cover surging artificial intelligence (AI) computing expenses. The deal breaks into three parts: a $400 billion Market-On-Close (MOC) stock issuance launching in the third quarter, $300 billion in underwritten common stock and mandatory convertible preferred stock, and a $10 billion direct private placement to Warren Buffett’s Berkshire Hathaway. Joint underwriters include Goldman Sachs, JPMorgan, and Morgan Stanley, making this one of the largest equity financing deals in global history. Behind the massive fundraising is Alphabet’s deepening investment in chip development and infrastructure. CFO Anat Ashkenazi revealed 2027 capital expenditures will be far higher than 2026’s $190 billion budget—itself double the prior year’s figure. Bloomberg Industry analyst Mandeep Singh predicts

June 3: Per Bitget market data, U.S. stocks opened lower. The Dow Jones Industrial Average dropped 0.5%, the S&P 500 slipped 0.1%, and the Nasdaq edged down 0.05%. Huang Renxun once again recommended buying Marvell Technology (MRVL), whose shares surged 9.3%—coming on the heels of a more than 30% gain in the prior trading session. Intel rallied 8.9% following five straight losing sessions, while Broadcom advanced 1.2% and is set to announce its second-quarter (Q2) earnings report after today’s market close.

June 3 Update: Changjiang Securities announced a temporary suspension on Tuesday of new securities account openings and additional position entries across all product lines in mainland China, limiting clients to only sell or close existing positions during the ban period. This move comes weeks after the China Securities Regulatory Commission (CSRC), China’s top securities watchdog, announced on May 22 that three firms — Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited and Changjiang Securities (Hong Kong) Limited — conducted illegal cross-border business activities that violated Chinese securities, fund and futures laws, disrupted market order, and must be resolutely cracked down upon. The CSRC stated it intends to seize all illegal gains of these firms and their related domestic and overseas entities, and impose severe legal penalties in accordance with relevant regulations.