JPMorgan Bullish on US Stocks Hitting New Highs, US Earnings to Drive 'Super Cycle'

June 3: According to Bitget market data, AI cloud infrastructure company IREN’s pre-market trading price surged as high as 7.6% earlier, and is now up 5.6% with its shares crossing the $70 threshold. In an official disclosure, IREN announced it has signed a power transmission connection agreement to support its planned 800-megawatt data center campus for the Bungama project in South Australia. Power supply for the site is targeted to launch in 2028. This marks IREN’s first data center project in Australia, and one of the largest such facilities in the Asia-Pacific region to date. The agreement allows four 330-kilovolt feeders to connect to the power company’s substation, enabling transmission of up to 800 megawatts without requiring grid upgrades. IREN plans to kick off concurrent early-stage engineering and procurement work once it secures necessary regulatory approvals and meets all terms laid out in the power transmission agreement.

June 3: The U.S. ADP Nonfarm Employment Change for May came in at 122,000, beating the consensus forecast of 117,000 and the prior print of 109,000. (FXStreet)

On June 3, amid a massive surge in AI-related investments, the online phenomenon known as "Stock God" Serenity has gained massive buzz across the internet. The subscriber count for Serenity’s X platform profile now stands at 46,000—just 1,000 users short of X’s top subscriber, Musk, who boasts 47,000 followers. BlockBeats Note: Serenity is a prominent trader active in Reddit’s WallStreetBets (WSB) community. The group consistently releases its core research findings for free, with a focus on key supporting components within NVIDIA’s AI chip sector. By digging into the indispensable "screw-type" parts used in chip manufacturing and packaging, they accurately spot critical supply chain chokepoints. Leveraging this analysis, they strategically build investment positions by targeting scarce upstream assets that carry strong bargaining power.

June 3 — According to people familiar with the plans, global payment giants Stripe, Visa, and Mastercard are close to launching a joint new stablecoin platform, with crypto exchange Coinbase also weighing whether to participate. As of press time, Stripe and Visa have declined to comment on the development, while Mastercard has not responded to requests for comment. If the collaboration moves forward, this would mark the first large-scale joint push for stablecoin infrastructure between traditional payment players and a major crypto platform, shifting the stablecoin competitive landscape from individual company product offerings to industry-wide infrastructure-level cooperation. In recent months, each firm has taken tangible steps toward stablecoin integration: Stripe closed its $1.1 billion acquisition of stablecoin infrastructure provider Bridge at the end of 2024; Mastercard bought BVNK earlier this year and announced this week that it is expanding round-the-clock stablecoin settlem

June 3: Fintech company Revolut plans to launch banking services in the United States this year, offering FDIC-insured deposit accounts alongside integrated features including stablecoins, multi-currency accounts, and cryptocurrency trading.

Per DolphinBeat monitoring (source: https://t.me/OneMillion_AI), Douyin’s sub-brand Bean Bag has released a "Notice on the Upcoming Launch of Bean Bag Professional Edition." 1. To meet professionals’ productivity needs, Bean Bag is launching the Bean Bag Professional Edition, which will offer specialized services including software development, data analysis, professional design, workflow automation, financial analysis, and scientific research. 2. For widely used daily functions—such as search Q&A, writing and drawing, and voice and video calls—we will keep these free services intact to avoid disrupting user experiences or changing their established habits. We will also continue adding new models, capabilities, and an improved experience for free users. Additionally, the Professional Edition will include free services up to certain limits. 3. The Bean Bag Professional Edition is currently in the testing phase. When it officially launches, full details will be released via official c