US Tech Stock Storage Sector Sees Broad Pre-market Decline, Micron Technology Down 3.26%

June 5 — Morgan Stanley forecasts SpaceX’s revenue could surge to $34 trillion by 2040, with the firm’s adjusted EBITDA projected to exceed $27 trillion in the same timeframe. This outlook bolsters the rationale behind SpaceX’s targeted $1.77 trillion IPO valuation. Driving this forecast is explosive growth in SpaceX’s artificial intelligence business, as its revenue is set to jump sharply from current levels. The company notched $18.7 billion in revenue in 2025 and is planning to raise roughly $750 billion in its upcoming IPO — a move that would mark the largest offering in history.

June 5th — Glassnode shared in a post that as Bitcoin (BTC) dipped below a multi-month trading range and retested its February low, option market data showed several concurrent defensive signals. The 1-week Implied Volatility (IV) hit nearly 60%, a sharp jump from roughly 30% the prior week, while long-term volatility climbed across the board. The 25 Delta Skew also rose steeply: the 1-week skew once reached 30%, and the 1-month skew edged above 23%, pointing to sustained strong demand for downside market protection. Call option premiums eroded across both short and long timeframes, with put option purchases dominating fund flows over the past seven days and making up 31.5% of total option premium volume. The 1-month IV surged past 40%, while realized volatility held steady around 35%, pushing the volatility risk premium to its highest level in several weeks. Additionally, the largest negative Gamma concentration is positioned at $65,000, with BTC currently trapped in a broad bearish

On June 5, Polymarket Chief Marketing Officer Matthew Modabber transferred more than $2.5 million to over 800 individuals through his personal PayPal account between January 2025 and February 2026. Roughly 24 identifiable influencers who received the funds posted Polymarket-related content on Platform X, totaling over 490 posts — none of which disclosed a paid promotional relationship with the brand. The recipients include content creators across diverse backgrounds, from conservatives to progressives. Some posts framed Polymarket’s odds data in news-like language, using phrases like “BREAKING” and “NEW.” In response, a Polymarket spokesperson noted that influencer collaborations are a standard business practice for the company, but declined to comment on its disclosure policies or Modabber’s use of a personal account for the transactions. The U.S. Federal Trade Commission (FTC) mandates that influencers must disclose any “material connection” to the brands they promote, per a Politi

June 5 update: Per onchainschool.pro, the blockchain address 0x82C0DA65f3bE5fd4EE102337A5c560E2ae52ebD1 deposited $1 million earlier this afternoon and has continued to accumulate Binance Life tokens. As of press time, this address holds $6.35 million worth of Binance Life, with $175,000 still in stablecoins.

June 5th, Michael Saylor, founder of Strategy, published an article categorizing the Bitcoin community into four core ideological camps: Maximalists, who hold Bitcoin is the only viable global monetary network; Capitalists, who advocate for deep integration between Bitcoin and the global economy—including partnerships with banks, capital markets, and credit tools; Technologists, who argue the protocol needs continuous upgrades to address scalability, privacy, and security gaps; Fundamentalists, who are dedicated to defending Bitcoin’s core principles: decentralization, immutability, and self-custody. Saylor also outlined risks tied to each camp’s approach: Maximalists could grow overly arrogant and fail to explain how Bitcoin will integrate with the real economy; Capitalists might push for over-leveraging and excessive financialization, repeating the systemic fragility Bitcoin was designed to solve; Technologists who undervalue stability could harm Bitcoin with unnecessary pro

On June 5, prominent crypto trader Killa (@KillaXBT) announced he has opened an official long position in Bitcoin, setting a $31,950 stop-loss and $160,000 price target. Killa’s bullish thesis rests on a consistent upward trend in the proportion of profitable Bitcoin addresses at each historical bear market bottom: 35.82% in 2015, 40.47% in 2019, 45.11% in 2022, and 51.12% in 2026. Each cycle has seen roughly a 5% jump in this metric, which he says signals a potential price floor for Bitcoin’s current market. He added his position is mostly spot with low leverage, though he cautioned investors to stay alert to pullback risks. Additionally, Killa noted that shifts in Bitcoin’s holding structure have accelerated its bull-bear cycles. The last cycle hit a new all-time high ahead of the halving, and he projects this cycle will reach another peak in April 2028 before the next halving, with a final $160,000 target. As a Bitcoin-focused quant trader, Killa accurately predicted the peak of