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Coinbase International Exchange launches innovative Pre-IPO perpetual contracts, allowing qualified traders to gain price exposure to companies before they go public. SpaceX is the first listing, settled in USDC. The platform plans to expand into tech, AI, and energy sectors, operating independently without endorsement from listed firms.
Read MoreXinhua News Agency plans to invest 1.12 billion yuan in developing an AI-driven political information platform. The project focuses on intelligent Q&A and knowledge services, with an expected payback period of 4.17 years and 20.35% internal return rate, marking a strategic move in media transformation.
Read MoreThe US tech sector saw over 38,000 job cuts in May, the highest monthly total in nearly two years. Year-to-date layoffs have surged 66% compared to the same period last year. Experts note that AI implementation is reshaping the labor market.
Read MoreSpaceX's proposed Terafab semiconductor fabrication project has secured a crucial tax incentive approval from Grimes County, Texas. This move propels a massive infrastructure initiative with a projected total investment ranging from $55 billion to potentially $119 billion upon full completion.
Read MoreCitigroup analysts have increased their price target for Oracle, indicating sustained confidence in the company's cloud computing strategy and market position. The adjustment reflects an optimistic outlook on its long-term growth potential.
Read MoreAI was the leading cause of US layoffs for the third consecutive month in May, with 38,579 job cuts recorded—the highest monthly figure since tracking began in 2023, accounting for 40% of total layoffs.
Read MoreIBM and Google Cloud have announced a deepened strategic partnership to accelerate the scaling of AI in enterprises by combining human expertise with AI-powered delivery models. The collaboration focuses on enhancing IBM's consulting platform and introducing industry-specific AI agents for Google Cloud's Gemini, targeting a multi-billion dollar market opportunity.
Read MoreAfter a strong rally driven by AI-related stocks, Japan's market saw a sharp reversal as foreign investors became net sellers last week. Concerns over potential AI bubble risks prompted profit-taking, with capital flowing to other perceived value markets.
Read MoreXiaohongshu has launched a special campaign targeting financial sector verified accounts, removing over 1,500 non-compliant profiles. The platform restricts financial verification to licensed institutions and mandates accurate representation of business scope. Enhanced verification and ongoing monitoring will continue.
Read MoreOn-chain data reveals VC giant a16z purchased another 155,321 HYPE tokens in 14 hours, worth ~$11.1M. Since 2026, its total holdings exceed $312M with an average cost of $46.24, now showing an unrealized profit of $141M, highlighting strong institutional confidence in HYPE's long-term prospects.
Read MoreWhile GBP/USD rose on geopolitical optimism, analysts warn the rally is fragile. The UK faces headwinds from trade disruptions, a cooling labor market, soft inflation, and political uncertainty. Upcoming data could reinforce a negative outlook.
Read MoreBitcoin experienced a sharp correction, breaking below the key $63,000 support level to trade around $62,993, marking a nearly 6% intraday decline. This move highlights heightened market volatility, urging investors to exercise caution and reinforce risk management strategies.
Read MoreMeta Platforms' stock fell about 1% in pre-market trading. The launch of its Muse Spark AI model's API has been delayed due to technical flaws and infrastructure issues, disrupting its planned June release and raising questions about its AI execution.
Read MoreThe People's Bank of China announced a 500 billion yuan, 3-month reverse repurchase agreement to be conducted on June 5, 2026, aimed at maintaining ample liquidity in the banking system. The operation is set to mature on September 5, 2026.
Read MoreOn June 4, U.S. storage chip stocks declined pre-market. Micron Technology and SanDisk fell over 3%, Western Digital dropped more than 2%, while Seagate, Rambus, and Silicon Motion also saw losses exceeding 1%.
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