The three major US stock indexes closed higher this morning, cryptocurrency-related stocks extended their rally, and Tesla hit a new monthly high.
U.S. stocks closed on Friday: The Dow Jones Industrial Average rose 0.98%, the S&P 500 gained 0.43%, and the Nasdaq advanced 0.43%. Tesla (TSLA.O) climbed 5.14%, Oracle (ORCL.N) rose 3.11%, and SpaceX (SPCX.O) gained 2.22%. Intel (INTC.O) fell 2.24%, while Nvidia (NVDA.O) declined 0.98%. Among crypto-related concept stocks, MicroStrategy (MSTR) jumped 6.10%, CRCL rose 5.16%, Coinbase (COIN) advanced 8.20%, BMNR climbed 5.84%, SBET gained 4.22%, and PURR rose 4.96%.
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Trump strongly backs AI data centers, claiming they will create massive jobs and tax revenue.
According to Fox News, U.S. President Donald Trump earlier said that all governors and local government officials should welcome the construction of artificial intelligence (AI) data centers. Trump stated: "This will create a large number of construction jobs. We are building the largest factories in the world. I can say that if I were a city mayor or a state governor and had the chance to bring a large AI factory or data center to my area, I would definitely want it to come, because it can generate a lot of jobs, and the capital and tax revenue it brings are very substantial." Trump also noted that given most Americans oppose building data centers in their own communities, the AI industry needs "a little public relations help."
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Apple lays off staff from its Siri and Vision Pro teams, redirecting resources to AI and new devices.
Apple is laying off employees across multiple teams working on its Siri digital assistant and Vision Pro headset, as part of the company’s effort to refocus resources on new devices and artificial intelligence (AI). According to sources familiar with the matter, Apple is also cutting roles in the "Intelligent System Experience" team under its software engineering division, which handles some AI features on the company’s devices. Insiders noted that during this restructuring, Apple has effectively shut down a dedicated team for Vision Pro gaming operations, while scaling back the size of the unit that creates immersive video content for the device. The total layoffs affect more than 200 people: roughly 100 positions were eliminated in the Vision Pro division, and another 100 cuts came from the Siri and software teams. Apple confirmed in a statement that it is adjusting some teams "to drive business growth and deliver the best experience for users".
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Jump Crypto transferred 1,140 BTC to Binance, valued at approximately $88.98 million.
According to monitoring by Onchain Lens, Jump Crypto transferred 1,140 BTC, valued at approximately $88.98 million, to Binance over the past 30 minutes.
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BASECAT has surged over 270% in the past 24 hours, while DRB has jumped more than 70% in the same period.
According to HTX market data, BASECAT, DRB, POD, and GRASS rallied sharply following news that Coinbase has added the four tokens to its asset listing roadmap. BASECAT surged over 270% in 24 hours, pushing its market cap to $32 million; DRB jumped more than 70% in the same period, hitting a $14 million market cap; POD gained over 28%, reaching $235 million in market value; GRASS rose by more than 7%, climbing to $82 million.
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ZEC surged more than 29% in 24 hours, with its price nearing the all-time high and market capitalization climbing to $12.46 billion.
According to HTX market data, ZEC has surged over 29% in the past 24 hours, currently trading at $735.47, approaching its previous all-time high of $750, with market capitalization rising to $12.46 billion. Earlier on June 5, Zcash founder Zooko Wilcox, together with Jason McGee and Taylor Hornby, published a detailed article disclosing a critical soundness vulnerability in the project’s latest privacy layer Orchard pool, which could be exploited to create an unlimited number of fake ZEC in an untraceable environment. The Zcash ecosystem had already completed an emergency network upgrade to fix the flaw, but after the full impact was disclosed, ZEC’s price experienced sharp volatility, with a temporary flash crash hitting $250.12. On August 20, Grayscale filed the fourth amended document for converting its Zcash Trust into an ETF, proposing to rename the fund and list it on the New York Stock Exchange under the ticker symbol "ZCSH". The document shows that DCG International Investments Ltd., a subsidiary of parent company Digital Currency Group (DCG), is in discussions to inject approximately 200,000 ZEC into the fund.
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