Morpho Completes $175 Million Funding Round, Led by a16z Crypto and Paradigm

On June 9, Jack Caffrey of J.P. Morgan Asset Management told Bloomberg that while some signals suggest the U.S. stock market may have become overextended, equities still have upside potential supported by corporate earnings growth. Caffrey added that even as the U.S. economic expansion enters its later stages, corporate profits are projected to rise by 22% or more in 2026. He noted last year’s corporate profit growth landed in the mid-teens, and a similar growth pace is likely to persist in 2027.

On June 9, U.S. crypto market maker GSR secured approval from the Financial Industry Regulatory Authority (FINRA) to finalize its acquisition of proprietary broker-dealer Equilibrium Capital Services. GSR CEO Xin Song commented, “Today marks a key milestone for GSR’s U.S. operations. Finalizing this acquisition will bolster our U.S. footprint and strengthen our ability to support institutional clients via a regulated broker-dealer platform— a growing priority as the digital asset market continues to mature.” Looking ahead, GSR’s new broker-dealer business will drive its expansion into tokenization, including helping potential issuers with fundraising. The firm’s representatives previously told The Block that this unit is effectively aiming to build a “Web3 investment bank.”

On June 9th, Bitget market data revealed that Broadcom’s (AVGO.O) pre-market stock gain widened to 3%. Broadcom (AVGO.O), Apollo, and Blackstone Group (BX.N) have formed a strategic platform to speed up global AI deployments totaling over 20 gigawatts. An initial $35 billion will be allocated to support Anthropic’s previously announced plan to expand its computing infrastructure capacity by more than 1 gigawatt.

June 9 (Reuters) – A new survey of 102 economists by Reuters shows the Federal Reserve is highly unlikely to adjust its benchmark interest rate for the remainder of 2026. Seventy-two respondents, roughly 70%, expect rates will hold steady in the current range of 3.50% to 3.75%. That share has risen significantly from less than half of economists who held that view last month, and even more so from the roughly one-third who felt the same earlier this year. The survey was conducted between June 4 and June 9. Every economist polled agrees there will be no rate cut at the June 16-17 Federal Open Market Committee (FOMC) meeting, which will mark the first time new Fed Chair Kevin Warsh will lead the gathering. The survey also finds many economists anticipate the Fed will abandon its previous dovish stance in this month’s policy statement. Most financial institutions have either pushed back their rate cut expectations to 2027 or scrapped those expectations entirely, with only a small number c

June 9 — JPMorgan Chase is hiring Nomura Securities’ international head of AI strategy, according to a Bloomberg report citing people familiar with the matter. The Wall Street bank is stepping up its recruitment of AI professionals to drive productivity improvements, the sources noted. Tahir Zafar joined the Japanese financial firm at the end of 2023 and was promoted to his current role in March 2025. He is expected to officially start at JPMorgan around July, after completing his required garden leave. Click the link to the original article below to join the BlockBeats · Lark AI News Channel, where you will get 24/7 continuous monitoring and updates on global AI trends and news.

On June 9, official reports confirm that cryptocurrency exchange platform Kraken has been selected as the official cryptocurrency exchange partner for the 2026 FIFA World Cup. This tournament, which will expand to feature 48 teams for the first time, is co-hosted by Canada, Mexico, and the United States, with 104 matches scheduled over seven weeks. It’s projected to draw more than 6 billion global viewers. Kraken stated that this partnership will bring its digital asset trading infrastructure—spanning over 190 countries—to one of the world’s largest sports events, while exploring new avenues for fan interaction and participation through soccer, a universal language. Arjun Sethi, Kraken’s co-founder and CEO, noted that soccer shares cryptocurrency’s borderless nature, adding that both parties will collaborate to advance a more open global financial and digital experience. Romy Gai, FIFA’s chief commercial officer, said the collaboration aims to enhance fan experiences via technology an