Brian Armstrong: Coinbase processes $1 trillion in stablecoin flows annually

Micron Technology closed up 11.7% on Thursday, driving the global storage chip sector to rebound. Morgan Stanley analysts stated that this round of adjustment is a phased pullback in the upward cycle, with the construction of artificial intelligence infrastructure driving up DRAM demand. Wolf Research points out that the demand for AI data centers exceeds the growth rate of supply, and DRAM and NAND prices will remain high in the coming years. Analysts remind that the storage cycle is caused by oversupply due to supply expansion, and the high prosperity will continue until 2028 depending on industry capacity discipline and the degree to which AI demand is fulfilled.

ECB Managing Director Nagel stated that the ECB has reserved all options for July and will be ready to respond again if necessary; Due to the increasing indirect impact of high energy prices on other prices, it is necessary to raise interest rates.

[OKX to Convert SPCXUSDT Contract on June 12-13, 2026] OKX will convert the SPCXUSDT Pre-IPO contract into a standard stock perpetual contract during the period from 21:00 on June 12, 2026, to 04:00 on June 13, 2026 (UTC+8). Trading will proceed as usual during the conversion, and the position quantities will remain unchanged.

According to Onchain Lens monitoring, the address 0xC5A of the giant whale purchased 73485 HYPE worth approximately $4.34 million from Gate in the past 24 hours.

According to Arkham monitoring, trader 0x9cc has invested $16.6 million in USDC into Hyperliquid for leveraged long SPCX tokens in the past 48 hours, currently holding approximately $18.5 million worth of SPCX, while retaining $10 million in USDC on the chain as liquidity.