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Wall Street investment bank Stifel significantly raised MRVL's price target to $321

1 hours ago

June 3: Wall Street investment bank Stifel upgraded Marvell Technology (MRVL) in its latest research report. Analyst Tore Svanberg sharply raised the stock’s target price from $230 to $321 while keeping a Buy rating in place. Svanberg noted that Marvell CEO Matt Murphy’s keynote address “The Future of AI Depends on Connectivity” at COMPUTEX 2026 largely lines up with previously disclosed details. Still, the high-profile event has significantly lifted market confidence in Marvell’s role within data centers and the AI ecosystem. The analyst emphasized Marvell’s leading positions in AI data center optical interconnects, silicon photonics, custom XPU chips, and switches (such as the 102.4 Tbps Teralynx T100)—assets that directly address what he calls “the biggest bottleneck after computing power in the GPU scaling era.” Marvell’s deep collaboration with NVIDIA on NVLink Fusion, backed by NVIDIA’s $2 billion strategic investment, further validates the firm’s long-term growth story, per Svanberg.
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Bitmine faces an $8.9 billion mark-to-market loss, surpassing the "Brothers in Adversity" Strategy

June 3, data from @LookOnChain shows amid the ongoing crypto market pullback, Bitmine’s ETH reserve has logged a larger realized loss than Strategy’s BTC reserve’s unrealized loss. Bitmine—the Ethereum reserve company backed by Tom Lee—currently holds 5,416,901 ETH, with a current market value of roughly $10.3 billion, translating to an unrealized loss of approximately $8.9 billion versus its acquisition cost. Separately, Strategy, led by Michael Saylor, holds 843,706 BTC worth around $56.26 billion today, carrying a realized loss of roughly $7.6 billion.

2 minutes ago

Circle's subsidiary, Arc, has announced that it will release important news on June 9th.

On June 3, Circle’s subsidiary Arc teased on social media that it will drop major news at 11 PM Beijing Time on June 9.

2 minutes ago

SpaceX is planning to launch an IPO at $135 per share, aiming to raise $75 billion, potentially becoming the largest IPO in history.

June 3 (Reuters) — SpaceX is targeting an IPO price of $135 per share for its upcoming public offering, according to reports, with plans to issue roughly 5.556 billion shares. This would generate up to $750 billion in financing, valuing the company at approximately $1.75 trillion — a deal that would rank among the largest IPOs in global capital market history if it proceeds successfully. SpaceX’s roadshow kicks off this Thursday, a notable departure from typical IPO practice. Most public offerings first announce a price range before finalizing a share price, but SpaceX is setting a fixed target upfront — an unusual move that has already made this roadshow one of the most anticipated in recent years. Key context: SpaceX previously merged with xAI to form a comprehensive business spanning aerospace, satellite communications, and artificial intelligence. Proceeds from the IPO will primarily go toward expanding AI computing infrastructure and scaling its Starlink satellite network. Addi

2 minutes ago

Binance will list the USDT/AED spot trading pair

An official Binance announcement dated June 3 states that the USDT/AED spot trading pair will launch officially on June 4 at 16:00 (UTC+8), and the accompanying spot algorithmic trading bot service for this pair will also be available simultaneously. For clarity, AED is the currency code for the United Arab Emirates dirham, the official currency of the United Arab Emirates.

2 minutes ago

The US Clarity Act has been included in the Senate legislative schedule

June 3 — Per Bitcoin News, the U.S. [Organization Name] Act has officially been introduced to the Senate Banking Committee and placed on the Senate’s legislative agenda. The committee approved the bill on May 14 with a 15-9 vote. The measure was formally added to the Senate’s schedule on June 1, clearing the way for full floor debate. The next major hurdle facing the legislation is a full vote by the entire Senate.

2 minutes ago

「Largest Liquidation on the Entire Network」: BTC Long Position Worth $61.9 Million Gets Liquidated, Accounting for Nearly 10% of the Total BTC Liquidations

June 3 — Per Hyperinsight Monitoring, in the past 24 hours, total Bitcoin (BTC) liquidations across the network reached $729 million, with long-position liquidations accounting for around $681 million. Approximately 9.1% of these long liquidations came from the same whale on the Hyperliquid exchange, which is also the largest liquidating address across the entire network. During the initial BTC decline last night, this whale’s BTC long positions were liquidated twice in succession, totaling 508.2 BTC (valued at ~$34.4 million) and resulting in an estimated loss of $2.75 million. Subsequently, using its remaining funds, the whale repositioned as BTC rebounded to $68,000. However, when BTC dropped again below $67,000, the long position was liquidated in four separate rounds, totaling 411.2 BTC (valued at ~$27.5 million). Combined, the two liquidation rounds hit $61.9 million, with a total loss of approximately $3.14 million. Liquidation Address: 0x92b75a5bfb7be7911747276ad335b8f5da3ce

2 minutes ago

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