Binance: The initial stage airdrop threshold for Play Solana (PLAYSOLANA) is 235 Alpha Points

June 1st, self-proclaimed "Stock God" Serenity posted, asserting that the recent downturn in the photonics sector stems mainly from "follow-the-leader" algorithmic trading on a leading exchange. Examining stock performance of laser and optoelectronic module firms like AAOI and Sivers, market sentiment has been largely shaped by trends in Coherent (LITE) rather than shifts in individual company fundamentals. He noted that while some firms have maintained improving fundamentals—for example, Applied Optoelectronics (AAOI), which has advanced in its business with clients such as AMD and NVIDIA—their high beta makes them more susceptible to algorithm-driven selling during a sector-wide correction. Serenity also revealed that Sivers may announce additional details about its optoelectronic module customer partnerships moving forward. Serenity advised against engaging in short-term trading of individual stocks with steep 20%-30% swings, preferring instead to hold long-term positions in core

June 1st, per EmberCN’s monitoring, last week’s trading activity of the largest Bitcoin and Ethereum treasury firms is as follows: - Bitcoin treasury company Strategy made its first-ever BTC sale last week: it offloaded 32 BTC at an average price of approximately $77,135 per unit, totaling around $2.47 million. The firm currently holds a total of 843,706 BTC, valued at roughly $60.936 billion, with an average cost basis of $75,699 per BTC. It now carries an unrealized loss of $2.932 billion, equivalent to a 4.6% paper loss. - Ethereum treasury firm BitMine purchased 26,497 ETH last week at a price of about $2,061 per ETH, costing the company around $54.61 million in total. As of now, BitMine’s Ethereum holdings stand at 5,416,901 ETH, worth approximately $10.763 billion, with an average cost of $3,485 per ETH. Its unrealized loss amounts to $8.116 billion, a 43% paper loss.

June 1, per a Fortune analysis, if Musk pushes ahead with a SpaceX-Tesla merger, the combined valuation of the two companies could hit around $34 trillion. SpaceX would be valued at roughly $17.5 trillion, while Tesla would clock in at about $16.5 trillion. The tie-up would become the largest M&A deal in history, nearly three times the size of the current largest acquisition on record. However, the deal’s financial rationale is coming under fire. Analysts note SpaceX would need to issue new shares equivalent to approximately 94% of its current outstanding shares to complete the purchase. Additionally, Tesla’s profitability has declined sharply in recent years: its GAAP net income fell from $15 billion in 2023 to roughly $3.9 billion, and its core operating profit—excluding regulatory credits and Bitcoin gains—stands at only about $2.3 billion. The report suggests this move is less a merger driven by traditional financial metrics and more a play on the market’s high valuation expectat

June 1 – Citigroup’s latest report marks the bank’s first bullish stance on copper prices since 2026, projecting copper will hit $14,500 per ton next month and rise further to $15,000 per ton over the coming 12 months – an upside of more than 10% relative to current LME three-month copper prices. Citigroup attributes its optimism to two key factors: uncertainty surrounding U.S. refined copper tariff policy, and expectations for normalized navigation through the Strait of Hormuz. The bank anticipates the U.S. will maintain a “strategically ambiguous” tariff framework to incentivize companies to hold high inventory levels. Meanwhile, Goldman Sachs has also revised up its copper price forecasts, raising its 2026 year-end target from $12,465 per ton to $13,735 per ton. Demand for copper is being driven by ongoing growth in AI data center construction, grid expansion, electric vehicle development, and the broader new energy sector. Citigroup highlights AI infrastructure, the global elect

Quantinuum will offer 26.5 million shares via its initial public offering (IPO) on June 1, with an estimated IPO price range of $53 to $55 per share. The company has raised its IPO fundraising target to $1.46 billion. Per data from trade.xyz, QNT’s current pre-market contract price is $98.092, marking a 5.07% decline over the past 24 hours. Its 24-hour trading volume amounts to $790,000, while open interest stands at $4.15 million.

June 1 — SpaceX on Monday disclosed for the first time in an updated IPO prospectus that it plans to reserve up to 5% of its Class A common stock for subscription by employees and the friends and family of its executives ahead of its upcoming initial public offering. Last month, the aerospace firm had revealed that participants in its so-called "friends and family list" would be exempt from lock-up restrictions — a deviation from standard IPO directed share programs, where participants are typically bound by lock-up agreements that bar immediate share sales. In Monday’s filing, SpaceX added that over 60% of its pre-IPO issued shares will be subject to a 366-day lock-up period, including shares held by CEO Elon Musk, who has agreed to the 366-day lock-up arrangement.