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U.S. Stocks Close Higher with All Three Major Indexes Up, Semiconductor Index Hits Record High, Intel Rises Over 10%

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June 19: A U.S.-Iran peace agreement that reopened the Strait of Hormuz lifted U.S. stock markets on Thursday, according to data from Bitget. U.S. major indices closed higher Thursday: the Dow Jones Industrial Average rose 0.14%, the S&P 500 climbed 1.09%, and the Nasdaq Composite advanced 1.91%. Semiconductor stocks led the rally, with the Philadelphia Semiconductor Index (SOX) surging 6.4% in a single session to hit a new all-time high. Key gainers in the sector included Intel (INTC), which jumped 10.64% following U.S. President Donald Trump’s announcement of a partnership between Apple and Intel; KLA Corporation (KLAC, +8.73%); Marvell Technology (MRVL, +7.27%); Taiwan Semiconductor Manufacturing Co. (TSM, +6.94%); and Qualcomm (QCOM, +6.17%). Optical communication concept stocks also posted solid gains, with Astera Labs (ALAB) rising 11.31%, Corning (GLW) adding 11.13%, Credo (CRDO) climbing 9.02%, and Coherent (COHR) up 2.83%. The storage sector performed strongly as well, with SanDisk (SNDK) surging 11.54%, Micron Technology (MU) advancing 8.70%, and Western Digital (WDC) rising 4.79%. On the weaker side, SpaceX (SPCX) underperformed, closing down 3.56% after dropping as much as 10% during intraday trading.
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Kalshi's annual revenue has surpassed $2 billion and is in informal talks with an investment bank for an IPO.

June 19 — Insiders revealed to The Information that prediction market platform Kalshi has topped $2 billion in annual revenue and held preliminary, informal talks about an IPO with multiple investment banks.

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A certain whale deposited 308,000 SOL to Kraken and Bybit, expecting to incur a loss of $16.06 million.

On June 19, monitoring data from Onchain Lens shows a crypto whale deposited 308,100 SOL onto Kraken and Bybit (valued at $21.22 million), with an anticipated loss of $16.06 million. The whale originally withdrew this batch of SOL from Binance for a total of $37.28 million.

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Morgan Stanley Files Ethereum and Solana ETF Amendment

On June 19, Bloomberg ETF analyst James Seyffart reports that Morgan Stanley has just filed amended documents for an Ethereum ETF and a Solana ETF.

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Ethereum On-chain ASTEROID Surges Over 91% in 24 Hours, Market Cap Now Reaches $72.78 Million

June 19: Data from GMGN shows the Meme token ASTEROID has surged over 91% in the last 24 hours on the Ethereum blockchain. At press time, ASTEROID holds a $72.78 million market cap with a 24-hour trading volume of $24.40 million. This upward move ties to a recent SpaceX update: the aerospace company has launched pre-orders for its Asteroid plush toy, priced at $35. The ASTEROID Meme coin originates from the story of 15-year-old Liv Perrotto. Before her passing, Liv’s greatest wish was to meet Elon Musk; she had helped design a Shiba Inu-shaped plush toy named "Asteroid". After Liv’s death, her mother publicly appealed to Musk, and media personality Glenn Beck amplified the request on his show. On April 19, Musk agreed to make Asteroid SpaceX’s official mascot.

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Bitcoin Market Cap Overtaken by SK hynix and Micron, Global Asset Market Cap Ranking Falls to 19th

June 19 – According to data from Bitget, SK Hynix’s stock price rose 6.22% today, pushing its market value to $1.31 trillion and earning it the 17th spot in global asset market rankings. Meanwhile, Micron Technology closed out Thursday’s U.S. stock session with an 8.7% gain, hitting a $1.278 trillion market cap. As of current valuations, both SK Hynix and Micron Technology have surpassed Bitcoin – which has a market cap of $1.261 trillion – to claim higher spots, dropping Bitcoin down to 19th place in the global asset rankings.

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Strive CEO: The significant fluctuation of STRC and SATA today is due to leverage liquidation, not underlying credit deterioration

June 19 – Strive CEO Matt Cole issued a statement today marking this as the toughest day in digital credit’s history. STRC hit an intraday low of $82.50 before bouncing back sharply, while SATA dropped from near par to roughly $90 before recovering, leaving many investors with a brutal trading session. Cole explained that today’s volatility stemmed from a leverage liquidation event—not a deterioration of underlying credit quality. He noted that when investors identify an asset class offering high yields, relatively low volatility, and strong credit fundamentals, they often use borrowed leverage to chase higher returns. But when the market moves against their positions, forced selling can trigger price declines, margin calls, and cascading selloffs that pull prices far from actual fundamentals, driven by balance sheet constraints rather than credit health. He emphasized that Strive’s credit quality remains robust: the firm’s dividend reserve is intact, it faces no operational pres

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