Nasdaq and S&P 500 Slide as Fed Pressure Spurs Tech Rotation
The Nasdaq fell 0.41% and the S&P 500 dropped 0.19% after a rally tied to Trump’s Iran peace deal. The Dow hit a record above 52,000 on the same day both indices slipped. Kevin Warsh removed the easing bias from the Fed’s statement on June 16. SpaceX, trading as SPCX on Nasdaq, rose from its June 12 IPO price of $135 to a high near $220.
MSX.COM data showed mixed pre-market trading in AI concept stocks, with MU rising 5.16%. MRVL rose 4.05%, AMD rose 3.70%, AVGO rose 1.93%, and ANET rose 0.9%.
Binance to End BTTC and TRX Transfers via BNB Smart Chain
Binance will stop supporting BitTorrent (BTTC) through BNB Smart Chain and TRON (TRX) through BNB Smart Chain deposits and withdrawals at 16:00 Beijing time on June 24, 2026. Deposits through the specified networks after that time will not be credited and may cause asset losses, while other supported networks remain available.
He Yi said CZ has had no involvement in Binance operations since 2023. She said Aster is a BNB Chain project invested by Binance Labs and that CZ serves as its advisor.
Musk’s Paper Wealth Tops Buffett’s Net Worth After SpaceX IPO
Elon Musk’s paper wealth rose by $164 billion after SpaceX’s IPO, surpassing Warren Buffett’s roughly $148 billion net worth. SPCX jumped 25% in three days after the company went public. Musk’s gain was unrealized paper wealth, while Buffett’s wealth was described as more liquid public stock holdings.
Bitget’s Blockchain4Her program partnered with WIW3CH on education and events for women in Web3. Bitget CEO Gracy Chen said the program has a $10 million fund for female-led projects. WIW3CH’s Elodie Jallet said the network has grown into 15 international chapters.
The UK government announced a social media ban for under-16s that would use highly effective age verification. The government indicated it will move forward with secondary legislation before Christmas, with the ban expected to take effect in early 2027.
Sweden’s central bank holds borrowing costs steady for a sixth straight meeting while signaling it’s ready to tighten policy this year if needed https://www.bloomberg.com/news/articles/2026-06-17/sweden-holds-rate-at-1-75-and-signals-a-higher-chance-of-hike?taid=6a32544d0a5bfc000178728b&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
StraitsX added Samsung Pay support to its stablecoin-based card issuance infrastructure. Cards issued through the platform now support Samsung Pay, Apple Pay, and Google Pay.
10x Research said BlackRock's Bitcoin Premium Income ETF may underperform Bitcoin in nearly all market scenarios. BITA holds IBIT and sells monthly call options against part of its assets.
Ineos Automotive on Tuesday announced a partnership to deliver vehicles for the U.K.’s Ministry of Defense, marking the latest in a series of recent collaboration agreements between Europe’s auto and defense sectors.
The British carmaker, a subsidiary of one of the world’s largest chemical producers, Ineos Group, said in a release that it is partnering with armored vehicle producers SMT Defence and NMS UK for the “Team Grenadier” consortium.
With just one prompt, anyone can ask AI to write an article (or create a doctored image of himself as Jesus). It has fuelled concerns of “AI slop”. But is it a tidal wave or a trickle? These five charts help explain the changes https://www.economist.com/graphic-detail/2026/06/16/did-ai-write-this-article?taid=6a32540a39b3a10001d86787&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter
Bitget adjusted the SPCXUSDT USDT-margined perpetual contract, raising maximum leverage to 100x depending on position size. Existing positions opened before the update will be affected.
Hyperscale Data added 4.62 BTC, bringing its total holdings to 713.58 BTC. BitcoinTreasuries.NET said Hyperscale Data ranks 56th on the Bitcoin 100 list.