Micron Technology Becomes a Cash Cow for Stock Market: A Certain On-Chain Trader Nails Micron's Surge, Making Over 10x Profits in One Month

June 1. New data from institutions including Goldman Sachs and J.P. Morgan shows AI-related companies have issued roughly $140 billion in investment-grade bonds so far this year, making up 49% of total investment-grade bond issuance. AI firms have also secured about $220 billion in venture capital this year, representing 87% of all VC investments. That translates to nearly $9 out of every $10 in venture capital funding flowing to AI-related businesses. Additionally, in the high-yield corporate bond market, AI-linked issuance accounts for 38% of the total, hitting around $21 billion year-to-date. Overall, AI companies have raised approximately $380 billion via these three channels so far this year, reflecting roughly 64% of all capital flows. --------------------------------- Click the original link to join BlockBeats' Feishu AI News Channel for 24/7 updates on global AI trends and news.

June 1: According to Bitget market data, HYPE’s Treasury stock PURR rallied nearly 20% overnight, fueled by HYPE hitting an all-time high. PURR is currently trading at $11.88, with a cumulative gain of 144.85% over the past three months.

On June 1, Arc—the Layer 1 blockchain developed by Circle—announced that Aave V4 is currently exploring integration with the Arc network, with plans to bring its cutting-edge liquidity protocol infrastructure into Arc’s ecosystem. If this collaboration moves forward successfully, developers will be able to leverage familiar on-chain lending tools to run a stablecoin-native lending workflow on Arc, supporting Arc-native assets including USDC, EURC, and cirBTC.

June 1 update: According to official announcements, South Korean cryptocurrency exchange Bithumb will launch the Solstice (SLX) KRW trading pair. Trading is scheduled to kick off on Monday, June 1st at 5:00 PM local time.

June 1: Market data shows that driven by its listing on Upbit, SLX has experienced a short-term surge of nearly 2x, now trading at $0.33, with a 77.74% price increase in the past hour.

June 1st – Over the weekend, the U.S. stock market has been abuzz, particularly around tech stocks tied to AI-related semiconductors and storage (memory) sectors. SK Hynix, Micron Technology (MU), and Samsung Electronics joined the trillion-dollar market cap club last Tuesday through Wednesday, emerging as the new front-runners in the AI memory chip space. This milestone is directly fueled by surging demand for high-bandwidth memory (HBM), DRAM, and NAND flash memory spurred by exponential growth in AI computing power. Global memory chip shortages are intensifying as AI data center construction accelerates, and Micron confirmed its entire 2026 HBM production capacity is already sold out—a development that has significantly boosted its pricing power. On Trade.xyz, after modest gains, both MU and SK Hynix crossed the $1,000 threshold this morning, logging a 3.27% increase over the past 24 hours. SK Hynix showed upward momentum over the weekend without a pullback; following a minor dip