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WTI Crude Oil Futures surged 8.00% intraday, now trading at $94.35 per barrel

51 minutes ago

On June 1, WTI crude oil futures surged 8% intraday, likely due to escalating tensions in the Strait of Hormuz, and are now trading at $94.35 per barrel.
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Is Strategy Selling Before May 31st? Polymarket Faces Huge Controversy, Official Planning to Release Statement at 1 AM

Per PolyBeats’ monitoring, there’s a growing dispute over Polymarket’s prediction market titled “Will Strategy sell BTC before May 31?” Earlier today, the market was tilted toward a “No” settlement — but that shifted sharply after Strategy revealed it sold 32 BTC last week. The “Yes” probability briefly spiked to 85% before pulling back to 51%, and the sub-market has already topped $20 million in trading volume. Market rules for the platform state the outcome hinges on Strategy’s BTC sales by the deadline: “Yes” if it sells any BTC before May 31, “No” if it doesn’t. Key info sources include MSTR’s data, on-chain records, and consensus insights from trusted reports. The “Yes” camp argues the result is cut-and-dried, while the “No” side’s main contention is that the sale announcement was made after May 31 and shouldn’t factor into the market’s outcome. Polymarket has now provided an update on the controversy: “We’ve noted the disputes in this market. If clarification is needed, we’ll

1 minutes ago

Coreweave surged by 14.6%, and Nebius hit a record high with a 17% increase.

On June 1st, market data from Bitget revealed that Coreweave (CRWV.O), an AI infrastructure company, surged 14.6% in trading, while Nebius—an AI cloud infrastructure firm—climbed 17% to hit a new all-time high.

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Economist: AI Infrastructure Boom Could Boost Inflation in the Short Term, Limiting Fed's Room for Interest Rate Cuts

June 1, Apollo Global Management’s chief economist Torsten Slok warned that the early-stage frenzy around artificial intelligence infrastructure investment could stoke inflation, crimping Federal Reserve Chair Kevin Warsh’s room to cut interest rates. Slok pointed out AI data center construction is driving surging demand for semiconductors, electricity, and labor. Major U.S. tech firms plan to spend roughly $725 billion on capital expenditures this year building AI-related infrastructure. While AI is expected to boost productivity over the long term, the massive near-term investment is pushing up costs and price levels—“rather than curbing inflation, it’s intensifying it,” he said. U.S. inflation remains well above the Federal Reserve’s 2% target. Data showed the April PCE price index climbed 3.8% year-over-year, hitting its highest level since 2023. Fueled by the AI investment boom, rising energy costs, and tariff pass-through effects, market expectations for the Federal Rese

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HP Rises 8.3%, Stock Price Hits Eight-Month High

On June 1, per Bitget market data, HP’s stock price jumped to an eight-month high, up 8.3% to a market cap of $26.727 billion.

1 minutes ago

WSJ: OpenAI Sued by Florida Attorney General Over Harm Caused by Artificial Intelligence

According to The Wall Street Journal (WSJ), OpenAI was sued by Florida’s Attorney General on June 1 over alleged damages caused by artificial intelligence. --- Click the original article link below to join BlockBeats’ Feishu AI News Channel, which monitors global AI trends and news 24/7.

1 minutes ago

Trade.xyz has launched IBM stock perpetual contracts, supporting up to 10x leverage trading.

On June 1st, on-chain trading platform Trade.xyz officially announced the launch of its IBM stock perpetual contract products. The offerings support trading with up to 10x leverage and provide round-the-clock (24/7) market access for all trading days. According to the platform, this product tracks the performance of International Business Machines Corporation (IBM)’s common stock price, allowing users to gain exposure to IBM’s share movements without purchasing the underlying physical shares. IBM is a global leader in enterprise technology, with business segments spanning hybrid cloud, artificial intelligence, enterprise consulting, infrastructure, and software solutions, serving both corporate and government clients worldwide.

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