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11h05 ▪ 7 min read ▪ by Luc Jose A.

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The project of a monetary system capable of competing with the dollar has long been considered an unrealistic ambition of the BRICS. This perception is now wavering. Jim O’Neill, the economist who popularized the acronym BRIC in the early 2000s, now recognizes that the major emerging economies have the means to build a credible alternative to the monetary order dominated by the greenback. This turnaround comes as geopolitical tensions intensify and payment infrastructures are transforming at high speed.

In Brief Jim O’Neill, inventor of the BRIC concept, admits that the creation of an alternative financial system to the dollar is no longer an illusion. The rapid rise of digital payment infrastructures and decentralized rails makes this monetary transition possible. Trade tensions and the repeated use of US sanctions push 75% of the global GDP to seek alternatives. The goal is not to eradicate the dollar, but to create a bilateral settlement currency based on a basket of currencies. Jim O’Neill’s doctrinal shift in face of payment technology advances Financial markets veteran Jim O’Neill has formally acknowledged that the creation by BRICS member countries of a financial vehicle alternative to the dollar no longer belongs to the realm of speculation, having just admitted that the G7 can no longer ignore the existence of the alliance. This admission marks a clear break with his historical stance, having previously qualified any monetary union within the bloc as an unrealistic endeavor given internal economic divergences. Several findings corroborate this turnaround :

Jim O’Neill explicitly admits that his past vision is outdated in the face of market reality ; He states : “eighteen months ago, if you had asked me about the subject, I would have called the idea of BRICS countries creating any financial alternative pure fantasy” ; The role of technology : the rise of digital payment infrastructures over the past eighteen months is the main driver of this awareness ; The institutional record : the economist reminds that the New Development Bank (NDB) remains to date the only major concrete and operational achievement of the bloc. This turnaround is mainly explained by spectacular technological advances made in the digital payments and trade digitization sector. Technical progress of financial infrastructures now allows for envisioning highly efficient cross-border interbank transfer networks, free from traditional circuits dominated by American institutions.

To deepen this transition, O’Neill dismisses the scenario of a unique global reserve currency abruptly supplanting the dollar in all its uses. He rather highlights the emergence of a commercial settlement instrument specialized and structured around a basket of currencies weighted by the respective economic weight of the participating nations. Despite this openness regarding the possibilities offered by new payment technologies, the analyst maintains a critical view on the historical record of the group. The bloc still needs to prove its capacity to transform these technological tools into sustainable structures able to rival the hegemony of the Western banking chessboard.

Global political catalysts and the temptation of monetary retreat Beyond technological changes alone, the dedollarization dynamic is fed by a marked deterioration of international diplomatic and economic relations. The orientation of American trade policies, characterized by increased use of financial sanctions and recurrent resort to tariffs, accelerates the desire of third countries to guard against the risks of monetary exclusion.

Jim O’Neill highlights that all nations representing 75% of the non-American global gross domestic product show a growing willingness to trade in accounting units independent of Washington’s monetary policy decisions. This search for autonomy is reinforced by institutional uncertainties surrounding the financial management of the world’s leading economy, prompting trade partners to diversify their exchange reserves and settlement channels.

This desire for emancipation is no longer the prerogative of a few isolated regimes, but becomes a pragmatic strategy shared by a large segment of the global economy. By seeking to reduce their exposure to Washington’s political fluctuations, the major emerging nations lay the foundations for a bilateral trade network more immune to external pressures. This transition happens without a sudden break but by a gradual nibbling of the dollar’s market shares in the invoicing of raw materials and manufactured goods. The governments concerned now prioritize the security of their transactions over historical alignment with Western monetary standards.

Institutionalization of research and prospects for a new global balance To accompany and theorize this structural transition of the global economy, the economist launched his own independent nonprofit analysis platform, called BRICS+ Thinking. This think tank will have the mission to produce research works, numerical data, and prospective indicators on the evolution of the expanded bloc and its financial interactions with Western markets. The creation of such an observation tool demonstrates that the rise of emerging economies now requires adapted measurement instruments, free from traditional analytical biases. This initiative attests to the progressive institutionalization of a field of study dedicated to the new balance of global economic powers.

The emergence of research organizations dedicated to the BRICS reflects the maturity reached by the debate on monetary multipolarity within expert circles. By precisely documenting alternative financial flows, these platforms offer investors and policy makers unprecedented tools to assess the risks and opportunities of this new environment. The analysis of produced data will measure the real efficiency of new payment mechanisms as they are deployed on the international stage.

Ultimately, the convergence between the evolution of digital payment infrastructures and the strategic independence sought by major emerging economies could profoundly redefine international financial flows.

While the dollar should retain a predominant role in the short term due to the unparalleled liquidity of its financial markets, coexistence with regional payment systems and decentralized settlement assets now seems inevitable. Jim O’Neill’s nuanced analysis thus invites banking actors and policy makers to monitor the emergence of a multipolar financial world, where monetary sovereignty will be decided as much on the field of diplomacy as on that of technological innovation.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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Intel stock sank roughly 8% on July 15, closing near $103 despite ASML confirming a major milestone for its foundry business and its most advanced manufacturing node.

The collapse revived an old Wall Street joke, since Jim Cramer had praised the stock hours earlier.

The Inverse Cramer Effect Strikes IntelThe Inverse Cramer Effect describes the perceived pattern in which stocks tumble shortly after CNBC host Jim Cramer publicly recommends them. Traders treat the phenomenon as a running joke rather than an actual strategy, yet July 15 delivered textbook material for the believers.

Cramer called Intel his favorite stock earlier that morning, highlighting its role as a key ASML customer. Hours later, the shares collapsed, and social media wasted absolutely no time reviving the old meme.

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The numbers behind the session explain the drama. Intel opened above $109, hit an intraday low near $99, and closed around $103, according to TradingView data. The stock shed more than $4.77 against Tuesday’s close of roughly $107.76.

The irony runs much deeper than pure timing. ASML announced that same day that Intel Foundry now uses its High-NA EUV technology in high-volume production for part of the Panther Lake processors, branded Core Ultra Series 3.

That milestone matters for the 18A node and strengthens Intel’s position in advanced lithography. Good news, however, proved completely useless against the broader market mood on Wednesday.

Why Did Intel Fall Despite the Good NewsMacroeconomic conditions ultimately dominated the entire session. Hotter-than-expected inflation data trimmed expectations for Federal Reserve rate cuts, pressuring the entire technology and semiconductor sector throughout the session.

Intel also arrived at the session looking exhausted. The stock had rallied more than 300% over the past year, leaving it clearly exposed to profit-taking. Doubts about the sustainability of artificial intelligence spending added yet another layer of caution among investors.

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Intel (INTC) Stock Price Performance. Source: TradingViewThe company’s underlying strategic progress remains real enough. Intel committed $5.7 billion to expand production capacity in Ireland and continues advancing its most sophisticated manufacturing nodes.

Investors, though, keep demanding much harder evidence. Their checklist includes margins, manufacturing yields, and external customers for the foundry business, not just technological milestones announced by its partners.

Attention now shifts toward the second-quarter results, scheduled for July 23. The July 15 session exposed how sensitive Intel remains to macroeconomic and sentiment-driven swings, even when technical catalysts favor the company.

In a sector as volatile as semiconductors, operational wins can easily vanish under a hostile market backdrop.

Key Takeaways Following the post-IPO quiet period, Morgan Stanley launched coverage on SpaceX with an Overweight rating and $300 price target The company’s shares currently trade 9.7% beneath their initial public offering closing price The Starlink network encompasses more than 10,000 satellites, delivering broadband service to approximately 12 million customers worldwide across over 160 nations Morgan Stanley projects revenue expansion from $45 billion in 2026 to a staggering $3.3 trillion by the year 2040 Evercore ISI joined with an Outperform designation and established a $230 price objective Space Exploration Technologies Corp. (SPCX) captured significant attention from Wall Street analysts this week as the mandatory post-IPO quiet period concluded, allowing major financial institutions to publish their initial research reports. The company’s shares currently sit 9.7% lower than where they closed on their first trading day.

Space Exploration Technologies Corp., SPCX

Morgan Stanley launched its coverage with an Overweight recommendation and established a $300 price objective, characterizing SpaceX as a vertically integrated enterprise that bridges space access, global connectivity, and artificial intelligence infrastructure. During a CNBC appearance, analyst Adam Jonas emphasized that SpaceX’s launch capabilities deliver cost efficiencies that are twenty times superior to competitors when measured by cost-per-kilogram to orbit.

The investment bank incorporated SpaceX into its Space 60 compilation — a curated collection of publicly listed entities representing various segments of the space industry value chain. Joining SpaceX on the list this quarter were HawkEye 360, Applied Aerospace & Defense, and Satellogic. Meanwhile, Qorvo, Iridium, Globalstar, and Teck Resources were dropped from the index due to ongoing merger and acquisition transactions.

With approximately 650 orbital missions completed through March 2026, SpaceX maintains an impressive 99% mission success rate. This exceptional operational record forms a fundamental pillar of the investment thesis.

Jim Cramer offered his perspective on Morgan Stanley’s analysis, observing that Jonas “likes SpaceX the company more than he likes SpaceX the stock.” This represents an important nuance — strong belief in the underlying business model doesn’t necessarily equate to immediate stock price appreciation.

Starlink Network Powers Revenue Projections The Starlink satellite constellation stands as SpaceX’s primary revenue generator. With over 10,000 satellites in operation, Starlink accounts for approximately 75% of all operational maneuverable satellites currently orbiting Earth. The service delivers high-speed internet to roughly 12 million subscribers spanning more than 160 countries, while Starlink Mobile connects approximately 7.4 million unique devices each month.

Morgan Stanley’s revenue projections paint an ambitious picture: starting at $45 billion in 2026, climbing to $319 billion by 2030, and ultimately reaching $3.3 trillion by 2040. These growth expectations come with substantial infrastructure requirements, as the firm anticipates capital expenditure needs approaching $300 billion annually by 2031.

ClearBridge Large Cap Growth Strategy, an IPO participant, identified SpaceX’s reusable rocket technology as its fundamental competitive advantage. Their second-quarter investor communication highlighted how integrating launch services with Starlink creates opportunities to expand into AI infrastructure and space-based data center computing capabilities.

Evercore Issues Outperform Rating Evercore ISI published its inaugural coverage report this week, assigning an Outperform rating alongside a $230 price target — representing a more moderate valuation than Morgan Stanley’s $300 assessment.

While Evercore conceded that “the feasibility of certain ambitions and timelines can be debated,” the firm stated emphatically that SpaceX qualifies as “an extraordinary company on a real path to reshaping the future of humanity.” Their financial models project revenue and EBITDA growing at compound annual rates of 106% and 157% respectively through 2028, with acceleration expected as the decade advances.

SpaceX shares currently trade 9.7% below their first-day IPO closing price, now supported by two significant analyst initiations — one establishing a $300 target and another at $230.

Strategy remains under pressure as Bitcoin hovers near $60,000, but recent capital moves have bought the company time, according to Jim Ferraioli, director of crypto research and strategy at the Schwab Center for Financial Research.

Speaking on Morning Trade Live at the New York Stock Exchange, Ferraioli said the firm led by Michael Saylor faces scrutiny while the price of Bitcoin sits 50% below its peak. Strategy, the largest corporate holder of Bitcoin, has funded much of its buying through preferred equity, including its variable-rate Stretch preferred stock, known as STRC.

That product fell near $70 from its $100 par value before a rebound. To defend the peg, Strategy raised the STRC dividend to 12% and authorized $2 billion in buybacks while unlocking further Bitcoin sales. The stock has since started climbing back toward par. 

“The market is supportive of these actions,” Ferraioli said, describing the response as a check on fears of cascading liquidations.

The shift marks a change in tone for a company known for a “never sell” stance. 

“We went from never sell Bitcoin to strategically sell Bitcoin,” Ferraioli said, acknowledging fair criticism. He cautioned that a lower multiple could limit Strategy’s capacity to issue shares and buy more Bitcoin in the second half of the year. 

Schwab’s perspective on Bitcoin’s slump Ferraioli weighed in on a market bump that followed comments from President Trump, who signaled openness to holding Bitcoin in the new Trump Accounts savings program. 

Ferraioli read the move as a sign of one more potential class of buyer, alongside mainstream investors who entered through spot ETFs. 

“The crypto market loves narratives,” he said, calling the asset momentum-driven.

On correlations, Ferraioli described Bitcoin as a low-correlation asset, a trait he traced to the four-year halving that cuts new supply. Past ties to tech stocks have broken down, and a historic inverse relationship with the dollar has wavered; Bitcoin has rallied during periods of dollar strength this year. 

“Starting points matter,” he said, noting that Bitcoin rose during the Iran conflict as the dollar gained.

He addressed the dollar-yen rate, which trades near 40-year lows. A stronger yen could unwind the carry trade, in which investors sell the yen to buy growth assets. Ferraioli framed a yen rebound as a possible headwind for risk assets, though not a primary near-term risk for Bitcoin.

On the debasement trade, Ferraioli pushed back on the idea that last year’s gold rally, set against a halving of Bitcoin’s market cap, disproved the store-of-value case. 

He attributed the gold move to supply constraints and momentum rather than fiscal fear. The federal budget deficit has narrowed from 8-9% of GDP to 5%, near the median across Bitcoin’s life.

“It’s not an endorsement of the fiscal health,” he said, “but it helps put that narrative in check.”

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

Robert Kiyosaki issued a fresh recommendation amid ongoing market turbulence, steering attention away from traditional safe havens like Bitcoin and commodities. Instead, he wants followers to study big systemic change.

Here is what the author of Rich Dad Poor Dad now recommends, why he shifted his focus, and how critics are reacting.

What Robert Kiyosaki Recommends Instead of Bitcoin and GoldThe recommendation is not an asset but a book about financial collapse and wealth transfer. In a recent post on X, Kiyosaki highlighted “The Entropy Trap” by Mickey M. Maini as the essential read for this moment in history.

The book carries a foreword by Jim Rickards, a name Kiyosaki often cites. Furthermore, he explained that it reveals how trust-dependent assets could collapse as faith in traditional financial systems steadily erodes worldwide.

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VIB: Very Important BOOK.

Best most important new book for this time in history became available on Amazon last week.

WHY: is book so important.?

A: Because book explains why today’s Rich will become tomorrows poor.

WHY: Because the informed will be tommorrow’s ULTRA…

— Robert Kiyosaki (@theRealKiyosaki) July 7, 2026 Those assets include specific instruments. Kiyosaki pointed to US bonds, ETFs, and mutual funds as examples that rely entirely on trust. Moreover, he argues their value could unravel once confidence in the system finally breaks down.

“You can see that today as large bond holders, such as Japan have already started dumping US Bonds. People who know what’s going to happen and what assets to hold ….will become the world’s new rich,” Kiyosaki said on X.

His core thesis flips the usual playbook. Those who identify non-trust-dependent assets will become the next “ultra rich”. Meanwhile, those following outdated rules risk financial ruin during the coming reset he describes.

Why Did Kiyosaki Change His Message NowThe shift marks a notable evolution in Kiyosaki’s messaging. Rather than doubling down solely on gold, silver, or crypto, he now emphasizes deeper knowledge and preparation for an entropy-driven financial reset.

He frames the change in terms of historical patterns. Wealth transfers, he argues, repeat throughout history during major systemic breakdowns. Furthermore, he pointed to large holders, such as Japan dumping US bonds as an early warning sign.

The timing follows a public admission. In late June 2026, gold crashed from highs near $5,600 toward the $4,000 range. Kiyosaki then posted bluntly, “I was wrong. Gold still crashing. That’s real life.”

I was wrong. Gold still crashing!

Thats real life.

RD Lesson: Profuts are made when you buy…. Not when you sell.

I still believe gold will be $35 k in about 5-years.

But that is real life: All markets go up and down.

Another RD lesson: The richest investors invest for…

— Robert Kiyosaki (@theRealKiyosaki) June 29, 2026 Despite the setback, he held firm in the long term. He maintained his $35,000 gold target within five years. Moreover, he stressed that profits are made when buying, not selling, and that markets naturally fluctuate.

Critics remain deeply skeptical, however. Detractors highlight his history of bold, sometimes unfulfilled forecasts and question extreme targets like $35,000. Nevertheless, Kiyosaki continues to position himself as an educator, urging proactive learning over any single asset class.

“Don’t worry Robert. You’ll be hilariously wrong again about gold being 35k/oz in 5 years,” one user replied.

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Tiger Brokers upgrades Coinbase's rating to "Buy", sets target price at $200.

Tiger Brokers has upgraded its rating on Coinbase from "Hold" to "Buy" and set a $200 price target. The firm stated that after a sharp pullback earlier, the risk-reward ratio has improved, Bitcoin’s toughest bear market phase may be over, and a new cryptocurrency market cycle is expected to kick off, fueled by recovering liquidity, rising institutional demand, and improved risk appetite.

4 hours ago

SpaceX's listing has driven record highs in tokenized stock trading, with on-chain transaction volume reaching $3.86 billion in June.

Driven by SpaceX's record IPO, on-chain tokenized stock trading volume surged 145% month-over-month in June to $3.86 billion, hitting an all-time high. Of this total, trading volume for tokenized SpaceX stock (ticker: SPCX) reached $1.19 billion, accounting for 31% of the monthly tokenized stock trading volume. The SPCX token issued by BlackRock Securities saw $1.08 billion in trading volume, the market's most active product, while SPCXx from xStocks recorded $852 million. The total market capitalization of the tokenized stock market rose to $1.53 billion in June, up 6.64% month-over-month, marking the 15th consecutive month of growth. While popular assets like Nvidia and Tesla remain actively traded, market attention has clearly tilted toward SpaceX.

4 hours ago

U.S. SEC Releases 2026 Regulatory Agenda, Proposes Revisions to Rules for Crypto Trading Platforms and Brokers

U.S. SEC releases its 2026 regulatory agenda, with plans to advance crypto asset regulatory reform by the end of this year. The agency intends to revise multiple rules applicable to broker-dealers and crypto trading platforms, including adjusting brokers’ minimum liquid capital requirements, customer asset protection standards, and record-keeping provisions, to clarify how these rules apply to crypto assets. Meanwhile, the SEC also plans to revise the regulatory framework for trading platforms and explore launching "safe harbor" and regulatory exemption mechanisms related to crypto asset issuance, custody, and trading—aiming to provide clearer regulatory guidance for the market while continuing to crack down on illegal activities. The SEC notes that the new rules are designed to enhance market certainty, boost capital formation and innovation, and ensure adequate investor protection. This direction aligns with the industry-friendly regulatory path SEC Chairman Paul Atkins has pursued since taking office, marking a sharp contrast to the law enforcement-dominated regulatory approach of former Chairman Gary Gensler.

4 hours ago

The $9.9 billion stock swap deal between Naver and Dunamu has been delayed again until the end of the year, as South Korea’s digital asset law remains unresolved.

Naver Financial and Dunamu have delayed the completion of their full stock swap transaction to December 31, marking the second postponement of the deal. The transaction, which aims to integrate Dunamu—operator of South Korea’s largest crypto exchange Upbit—into Naver Financial, was originally scheduled to close on September 30. Dunamu unveiled the new timeline on the 6th via a corrected disclosure of documents first submitted last November, with unfinished digital asset legislation and pending antitrust review cited as key variables. The company has pushed its extraordinary general meeting from August 18 to November 19, and reset the shareholder record date to October 22. Multiple government approvals remain required for the deal to proceed, including merger clearance from the Korea Fair Trade Commission (FTC), approval for Naver Financial’s major shareholder change under credit information regulations, and acceptance of Dunamu’s major shareholder change filing under specific financial transaction information laws. Dunamu noted that progress in any of these steps could further extend the timeline or even lead to the deal’s collapse. It also pointed out that the Digital Asset Basic Act currently under parliamentary review is a practical variable affecting the transaction’s progress and outcome. When the bill is enacted, regulators are simultaneously considering imposing bank-style strict liability rules on exchanges, requiring platforms to compensate users for losses caused by hacking incidents.

4 hours ago

Ethereum briefly rallied to surpass $1,800.

According to HTX market data, Ethereum briefly rebounded to break through the $1,800 mark, currently trading at $1,799.84, with a 1.45% increase in the past 24 hours.

4 hours ago

SanDisk, Seagate, and Western Digital have dropped more than 30% from their all-time highs.

According to market data from BIT (bit.com), US stocks opened lower and trended downward during Tuesday’s trading session. The Philadelphia Semiconductor Index fell more than 6%, and the storage sector extended its losing streak. SanDisk dropped over 36% from its historical high half a month ago; Seagate is down 31%, Western Digital 35%, and Micron 28% from their respective highs.

4 hours ago

Key Takeaways GE Vernova reached a record peak of $1,182.31 on July 6, climbing 121.61% over 12 months and 70.6% since the start of 2026 Jim Cramer declared GEV his top pick in the power sector and disclosed it represents a “very big position” in his Charitable Trust portfolio First quarter 2026 revenue reached $9.3 billion, marking a 16% year-over-year increase, while EPS of $1.98 surpassed analyst projections The company secured $18.3 billion in orders during Q1, reflecting 71% organic growth, pushing total backlog to $163 billion Management elevated 2026 free cash flow projections to $6.5–$7.5 billion from the previous range of $5.0–$5.5 billion GE Vernova (GEV) established a fresh all-time peak at $1,182.31 on July 6, 2026, continuing its impressive ascent with shares hovering around $1,183 and commanding a market capitalization of $310.9 billion. This milestone caps a remarkable rally that has delivered more than 120% gains over the past twelve months.

GE Vernova Inc., GEV

Shares have surged 70.6% since January, positioning GEV among the energy sector’s top-performing equities. Such dramatic appreciation inevitably attracts scrutiny from market observers and institutional investors alike.

During the June 30 edition of Mad Money’s Lightning Round, Jim Cramer singled out GE Vernova as his preferred play in the power generation space. He revealed the stock occupies substantial real estate in his Charitable Trust holdings—a transparent, trackable stake rather than casual commentary.

“GE Vernova of those is my favorite. It’s one that the Charitable Trust has a very big position… I say still buy GE Vernova,” Cramer stated.

The endorsement came with shares already trading at elevated levels. GEV finished July 2 at $1,113.11, yet its three-year cumulative return of 867.92% demonstrates how dramatically the investment narrative has transformed.

First Quarter Results Validate Bullish Thesis The company’s first quarter 2026 financial performance, disclosed April 22, provided concrete evidence supporting the optimistic outlook.

Topline revenue reached $9.3 billion, representing 16% year-over-year expansion. Earnings per share of $1.98 exceeded the Street’s $1.84 consensus by 7.6%.

Order momentum stole the spotlight. First quarter bookings totaled $18.3 billion, surging 71% on an organic basis, with robust contributions from Power, Wind, and Electrification divisions. The cumulative backlog swelled to $163 billion, expanding by $13 billion in just three months.

Free cash flow generation of $4.8 billion represented more than a fourfold increase from the prior year. Adjusted EBITDA nearly doubled to $0.9 billion, while margins widened 390 basis points to 9.6%.

CEO Scott Strazik highlighted accelerating demand for gas turbines. Gas Power equipment backlog and slot reservations expanded from 83 gigawatts to 100 gigawatts during the quarter. Management now aims to reach at least 110 gigawatts by the close of 2026.

Management Lifts Full-Year Projections Following the strong quarterly performance, GEV elevated its full-year 2026 outlook across all primary financial metrics.

Revenue expectations now span $44.5–$45.5 billion. Adjusted EBITDA margin guidance increased to 12–14% from the prior 11–13% range. Free cash flow projections jumped significantly to $6.5–$7.5 billion versus the earlier $5.0–$5.5 billion target.

The company concluded Q1 holding $10.2 billion in cash and distributed $1.4 billion to shareholders via share repurchases and dividends.

Wall Street coverage has grown increasingly supportive. Bernstein launched coverage with an outperform recommendation. Jefferies boosted its price objective to $1,210 while reaffirming a Buy rating, citing a robust order book extending through 2031.

InvestingPro’s valuation model suggests the stock currently trades above its Fair Value calculation—an important consideration for investors contemplating entry points.

From a technical perspective, shares encountered resistance around the $1,170–$1,180 zone on July 2 before retracing. The 50-day, 100-day, and 200-day moving averages currently rest near $1,052, $959, and $794 respectively.

Second quarter 2026 results are scheduled for July 22. Analysts assign a Zacks Rank of 2 (Buy) accompanied by a positive Earnings ESP of 10.35%, with estimate revisions trending favorably ahead of the release.

A certain whale holding a 40x short BTC position has been partially liquidated four times in a row, with total losses amounting to nearly $300,000.

Per monitoring by OnchainLens, whale address 0x2117 saw its 40x leveraged Bitcoin short positions partially liquidated four times in the past 24 hours. The address has had a total of 97.99 BTC liquidated, worth approximately $6.18 million, with a cumulative realized loss of around $298,800. Even so, the trader still holds 67.98 BTC (valued at roughly $4.26 million) in 40x leveraged short positions, with a current unrealized loss of about $179,200. Its liquidation price is only approximately $902 higher than the current BTC market price.

8 minutes ago

A certain wallet address sold ANSEM too early, missing out on nearly $2.39 million in potential gains, with the sale only bringing in $974.81.

According to monitoring by Onchain Lens, the address "9oxDc" sold 8.06 million ANSEM tokens approximately 17 days ago at a price of $974.81. At the time of the sale, the project’s market cap stood at roughly $54,000 to $134,000. With ANSEM’s price surging sharply, the batch of tokens is now valued at around $2.39 million. Based on current prices, the trader missed out on approximately $2.389 million in potential profits due to selling too early.

8 minutes ago

AI capital rotation, full implementation of MiCA, and stablecoin competition are the market’s key focuses this week.

This week, the digital asset industry’s discussions centered on topics including AI, the EU’s Markets in Crypto-Assets (MiCA) regulation, stablecoins, and Bitcoin. On the AI front, multiple industry insiders noted that current market capital is shifting from digital assets to AI infrastructure development, and future value in the AI sector may be captured more by application layers and infrastructure providers rather than just large language model developers. Additionally, some argue that if the U.S. government acquires equity in OpenAI, it could further exacerbate the trend of centralization in the AI industry. On the regulatory side, as MiCA’s transition period has officially ended, EU crypto asset service providers must now obtain full MiCA licenses to continue operating. Industry players believe that regulatory compliance will gradually become a key competitive advantage for crypto payment and digital asset service providers in Europe. Regarding stablecoins, the industry continues to focus on the newly launched Open USD (OUSD). Analysts believe its ecosystem, involving over 140 institutions including Visa, Mastercard, Stripe, Coinbase, BlackRock, and BNY, is poised to challenge the existing stablecoin market landscape (such as USDC) by leveraging distribution advantages. However, some point out that OUSD still faces challenges including liquidity cultivation and governance coordination. On the Bitcoin front, market views are divided over recent capital operations by Michael Saylor’s firm Strategy. Some analysts argue that the company’s recent financing arrangements mean it may still sell Bitcoin to meet future funding needs; others believe the move effectively eases market concerns about its liquidity and default risks, representing a positive risk management measure.

8 minutes ago

A crypto whale withdrew 4,942 ETH from Binance and staked it on Lido, with total assets withdrawn reaching $22.08 million over the past 24 hours.

According to monitoring by Onchain Lens, a whale address withdrew 4,942 ETH from Binance, valued at approximately $8.83 million, and immediately staked it via Lido to receive around 3,990 wstETH. Additionally, the same address also withdrew 211.5 WBTC from Binance over the past 24 hours, worth roughly $13.25 million. As of now, the whale has withdrawn a total of approximately $22.08 million worth of ETH and WBTC from Binance in the last 24 hours, with all the withdrawn ETH used for on-chain staking.

8 minutes ago

CZ replies to a riddle-themed meme, leading multiple CZ-themed MEME coins on the BSC chain to surge sharply.

Crypto influencer @TCryptochicks released a series of "riddle" images, after which Binance founder CZ retweeted and replied "Water (drop) your BNB wallet" — reigniting hype around celebrity-themed meme coins. In response, multiple CZ-themed meme coins emerged on the Binance Smart Chain (BSC), surging sharply in a short period. Among them: - CZ (The Final Form Bull): Market cap briefly topped $41 million, now pulled back to $29.82 million, with a 24-hour trading volume of $28 million and a 24-hour gain of 18,200%. - CZ (The Bull): Market cap briefly exceeded $11 million, now at $3.88 million, with a 24-hour trading volume of $6.1 million and a 24-hour gain of 2,400%. Market observers note this mirrors the "Ansem effect" previously seen on Solana, where topics linked to prominent KOLs or celebrities trigger explosive rallies in meme coins bearing the same or similar names. CZ has in the past indirectly driven BSC meme coin trends via social media interactions, such as references to his dog "Broccoli", the number "4" meme, and his book title "Binance Life". However, he has repeatedly clarified his tweets do not constitute endorsements. Related tokens have historically seen sharp surges followed by rapid pullbacks, so investors should be alert to high volatility and rug pull risks.

8 minutes ago

Deposits into Aave’s new Monad market surpassed $100 million within two days of its launch, while total deposits for Aave V4 hit a new all-time high, exceeding $250 million.

Decentralized lending protocol Aave’s V3 market on the Monad network has surpassed $100 million in total deposits roughly two days after launch. Aave deployed its V3 version on Monad on July 3, marking the first time lending functions and its GHO stablecoin have been introduced to the network. The launch initially supported 12 assets including USDT, USDC, GHO, WETH, and cbBTC. Deposits exceeded $75 million within the first 24 hours of going live. Per an Aave governance proposal, the Monad Foundation has committed to providing $15 million in incentives over the next 12 months, and will purchase and hold 10 million GHO for at least six months; Aave DAO will also contribute an additional 500,000 GHO to support stablecoin ecosystem development. Additionally, Aave founder Stani Kulechov noted that Aave V4’s deposit volume on the Ethereum mainnet hit a new all-time high of $250 million on July 5. He expressed expectations that V4’s deposits will grow further to $1 billion, with plans to continue expanding into crypto asset mortgage loans and securities-backed lending services.

8 minutes ago

CNBC’s Jim Cramer says investors shouldn’t panic over the recent rotation out of AI stocks. Instead, he sees it as a chance to buy some of the market’s strongest companies at lower prices. 

According to Cramer, quarterly rotations are common, but they usually last only a few sessions before money flows back into long-term winners.

“You are getting a chance to sell the losers at a premium and switch to winners at a discount,” Cramer said. “This is one of those breaks. Don’t blow it.” He said. 

Micron and SanDisk Lead the AI StockCramer remains highly bullish on Micron, calling its latest earnings one of the strongest quarterly reports he has seen. He said memory prices are “going through the roof” as AI data centers require increasing amounts of high-performance memory.

He also highlighted SanDisk, saying both memory companies have benefited from soaring AI demand and remain among the biggest winners in the sector despite the recent pullback.

Intel, AMD and Marvell Stay at the Center of AICramer named Intel as one of his favorite AI plays, praising CEO Lip-Bu Tan for the company’s turnaround. He said Intel has three major growth drivers: AI-focused CPUs, its high-margin chip packaging business, and its expanding semiconductor manufacturing operations.

He also continues to like AMD, saying the recent dip offers investors another buying opportunity. According to Cramer, AMD’s CPUs and GPUs make it an essential supplier for AI data centers, while CEO Lisa Su has positioned the company well for long-term growth.

Another stock on his list is Marvell Technology, which specializes in optical networking used by AI infrastructure. Cramer noted that NVIDIA CEO Jensen Huang has previously suggested Marvell could eventually become a trillion-dollar company.

While most AI infrastructure stocks pulled back, Meta moved higher after reports that it plans to launch its own cloud computing business.

Cramer says this could become a major long-term growth driver beyond advertising.

“I think it has more room to run because their cloud business will be instantly profitable,” he said, adding that renting out excess computing capacity could create a lucrative business similar to Amazon Web Services and Microsoft Azure.

Story Ends Here

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Data shows Coinbase is trading near the lower end of its yearly range, far from the momentum levels seen at PARC's launch.

Nearly one year after CNBC’s “Mad Money” host Jim Cramer grouped Palantir (PLTR), Applovin (APP), Robinhood (HOOD), and Coinbase (COIN) into the “PARC” basket, three of the four stocks have either fallen or gone nowhere.

At the time, many in the industry felt that cross-stitching the four into one word meant that Cramer was feeling bullish about crypto, but now, the most industry-linked stock of the lot has suffered the largest drop.

PARC Report Card Leaves Coinbase as the Biggest Loser Cramer named PARC on July 14, 2025, grouping Palantir, Applovin, Robinhood, and Coinbase together as the stocks retail investors had, in his words, “anointed and taken up without any real bounds.” He framed the market at the time as split into two: the S&P 500 and the PARC four, which were running on pure momentum.

However, in a June 29, 2026 post on X, market commentator Heisenberg posted updated performance figures showing that since Cramer introduced the acronym, Coinbase had performed the worst after dipping by 62%.

Additional data from Yahoo Finance shows that across 52 weeks, the stock has traded between $139 and $444, and is currently sitting near the bottom of that range at around $149, a long way from where conviction was running when Cramer put it in the basket. Interestingly, Donald Trump’s financial disclosure filed in May showed the president bought COIN between January and March of this year, although those transactions are handled by third-party financial institutions.

Meanwhile, Palantir is down roughly 25% since the acronym was coined and about 40% in 2026 alone. Its 52-week high was around $207, and at the time of writing it was trading near $113.

On its part, Robinhood is essentially flat, which might count as a mild win in this context given how the other two have moved. Early this month, the company entered the Canadian crypto space after completing a $180 million acquisition of WonderFi and now counts well over 1 million international funded customers, although that has not done much for the stock price.

You may also like: Coinbase to Launch Tokenized Stocks For Non-US Customers Coinbase Launches Pre-IPO Perpetual Futures with SpaceX as First Asset Robinhood Officially Enters Canada After Closing WonderFi Acquisition Applovin is the only one that has genuinely performed and is up 34% since PARC was named. However, its current price of around $477 is still well below its one-year high of $745, but compared to the rest of the group, it is the clear outlier.

From PARC to CRAP Back in 2025, Cramer had a choice of two meme acronyms: PARC, which he eventually settled for, and CARP (Coinbase, Applovin, Robinhood, Palantir).

However, some cheeky community members came up with a third one: CRAP, and one year later, it looks to have held better than the basket itself, a point that was revisited by analyst Shanaka Anslem Perera when commenting on the development in a post on X:

“The acronym arrived at the precise moment conviction in these names ran hottest, and the year that followed turned a throwaway joke into a price chart,” he wrote. “CRAP was never an insult. It was the forecast, written a year early.”

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PANews reported on June 28 that Robert Kiyosaki, author of Rich Dad Poor Dad, posted that he may have caught a market turning point. After buying gold the previous day, the gold price rose by $62, and he believes that New York Times bestselling author Jim Rickards’ prediction that gold prices will surge to $35,000 is correct.

The US-based cryptocurrency exchange Kraken recently secured a substantial $200 million investment from Citadel Securities, a global market maker. This investment values the exchange at an impressive $20 billion. 

Kraken’s Growth Backed By Citadel Securities Citadel Securities has expressed enthusiasm about supporting Kraken’s growth, emphasizing the firm’s role in shaping the future landscape of digital innovation within markets. 

Jim Esposito, president of Citadel Securities, highlighted their commitment to collaborating with Kraken on risk management and market structure analysis, among other strategic initiatives. 

This capital infusion comes on the heels of a previous financing round back in September of this year, during which the digital asset platform successfully raised $600 million at a $15 billion valuation. 

Investors in this earlier round included Wall Street entities such as Jane Street, DRW, HSG (formerly known as Sequoia Capital China), Oppenheimer, Tribe Capital, and the family office of Arjun Sethi, who serves as the exchange’s co-CEO. 

IPO Plans Unhurried Despite Strong Figures Kraken’s fundraising efforts, totaling $800 million across its two recent financing rounds, have significantly strengthened the company’s financial position ahead of its planned initial public offering (IPO) in the upcoming year. 

However, last week, Bitcoinist reported that Kraken has no plans to speed up its initial public offering, backed by robust financial figures. In a Yahoo Finance interview, Sethi stated, “We have enough capital on our balance sheet as a private company. We don’t race to the door as quickly as possible.”

Arjun Sethi previously emphasized the importance of maintaining a prudent approach, ensuring that the company’s financial foundation remains robust and poised for sustainable growth. In the wake of the recent funding, Sethi stated: 

This investment represents long-term conviction in Kraken’s mission to build trusted, regulated infrastructure for the open financial system. Our focus has always been straightforward: to create a platform where anyone can trade any asset, anytime, anywhere.

The exchange also disclosed substantial revenue growth in the third quarter of the year, reaching $648 million. Yet, its closest competitor, Coinbase—the largest exchange in the country—reported revenue growth of $1.9 billion. 

Kraken’s recent acquisitions, including its $1.5 billion purchase of the futures trading platform NinjaTrader, are further examples of the exchange’s strategic expansion efforts this year. Looking ahead, the exchange revealed in a blog post:

We plan to enter new markets across Latin America, Asia Pacific and EMEA, while broadening our offerings beyond crypto to include additional asset classes, advanced trading tools and staking solutions, expanded payment services and enhanced institutional capabilities.

The daily chart shows the $1 trillion drop in the total crypto market cap valuation over the past month. Source: TOTAL on TradingView.com Featured image from DALL-E, chart from TradingView.com 

TLDR Jim Cramer advised a Mad Money viewer to “buy some here” on Costco shares near $968, though he’d prefer seeing a modest pullback for better value Motley Fool Asset Management expanded its Costco holdings by 20.8% during Q4, purchasing 10,429 additional shares to total 60,650 Several institutional funds expanded their Costco positions throughout Q4 and Q2, with institutions controlling 68.48% of outstanding shares The warehouse retailer’s most recent quarter delivered $70.53B in revenue, surpassing forecasts, though earnings per share fell short by $0.01 at $4.93 Wall Street analysts assign an average “Moderate Buy” recommendation with a consensus price objective of $1,060.41, significantly higher than present trading levels Costco (COST) shares began Wednesday’s session at $968.59, declining 0.6% intraday and remaining notably beneath the 52-week peak of $1,096.50.

Costco Wholesale Corporation, COST

During a recent Mad Money segment on CNBC, Jim Cramer responded to a viewer inquiry regarding the optimal timing for establishing a long-term stake. His advice was direct: purchase some shares now, while remaining hopeful for additional downside.

“I want value just like I want value at a store,” Cramer explained. He suggested the downside scenario involves the stock rallying directly to $1,025 with shareholders participating in the gains.

Cramer observed the shares currently command a 47x earnings multiple and recommended strategic patience, allowing the price to “come in a little” instead of deploying capital at a single level.

Institutional Accumulation Continues As individual investors contemplate timing, institutional capital has been flowing into the stock. Motley Fool Asset Management expanded its stake by 20.8% throughout Q4, acquiring 10,429 shares to reach a total holding of 60,650, valued at approximately $52.3 million.

The asset manager wasn’t the only buyer. Brighton Jones increased its allocation by 12.3% during Q4. Revolve Wealth Partners grew its position by 13.1%. Additional funds elevated their holdings during Q2 as well. Collectively, institutional ownership now represents 68.48% of the company.

The stock’s 50-day moving average currently rests at $1,006.30, while the 200-day moving average stands at $965.46 — indicating shares are trading near their long-term technical support.

Quarterly Results and Dividend Increase Costco disclosed quarterly results on May 28th. Revenue reached $70.53 billion, exceeding analyst projections of $70.12 billion. However, earnings per share of $4.93 fell one penny short of the $4.94 Wall Street consensus.

The retailer simultaneously announced a dividend increase from $1.30 to $1.47 per share quarterly, distributed on May 15th. The annualized dividend now totals $5.88, representing approximately a 0.6% yield.

E-commerce revenue surged more than 21% during the period, while gasoline volume reached all-time highs. Despite these operational highlights, shares declined roughly 5% following the announcement — suggesting the market prioritized valuation concerns over fundamental performance.

Costco also discreetly reduced prices across four Kirkland Signature items spanning food, household products, and sporting goods categories.

Wall Street sentiment remains predominantly bullish. Deutsche Bank elevated its price objective to $1,106 with a Buy recommendation. BTIG Research maintains a $1,125 target. Both Evercore and HC Wainwright continue advocating Buy ratings.

The consensus analyst price target reaches $1,060.41, supported by 22 Buy ratings, 11 Hold ratings, and a single Sell rating.

The stock trades at a PE ratio of 48.72, commanding a market capitalization of $429.55 billion. Analysts forecast full-year earnings per share of $20.38.

On CNBC’s Mad Money, host Jim Cramer stirred markets by labeling both Bitcoin and gold as “bad money,” claiming that market liquidity is flowing into high-growth tech stocks like Nvidia and Apple. His latest statements come at a moment when debate is intensifying over why the crypto market is lagging behind its technology sector rivals.

Cramer’s take on Bitcoin and StrategyRecently, Cramer went so far as to accuse Strategy co-founder Michael Saylor of “killing Bitcoin” after the company sold 32 BTC. In an assessment at the beginning of June 2026, Cramer argued that the market may need to rethink its traditionally Bitcoin-friendly attitude toward Strategy.

In his view, the company has long functioned as a foundational support for the Bitcoin price. While some observers identify MicroStrategy’s influence as a driving force in the crypto space, Cramer contends that such diagnoses might be too harsh or simplistic.

Mini glossary: Strategy, formerly known as MicroStrategy, is a US-based software company distinguished by massive Bitcoin holdings on its balance sheet. Michael Saylor is a public figure best known for spearheading the company’s Bitcoin-focused treasury strategy.

Cramer noted that the pro-Bitcoin stance the market has taken towards Strategy may need to be reassessed, pointing out that the company has long served as a crucial price support for the asset.

Shifting stance and utility debateBack in February 2026, Cramer also openly questioned what real-world use Bitcoin offers. He asked what genuinely underpins the asset and rejected the view that Bitcoin serves as an effective hedge against geopolitical tensions. These comments sharply contrasted with his previously positive outlook in prior years.

Cramer had previously highlighted his early interest in crypto assets. In a 2021 interview on The Pomp Podcast, he revealed that he had invested $500,000 in Bitcoin following advice from Anthony Pompliano, expressing optimism at the time. However, his subsequent commentary has marked fluctuating positions toward the cryptocurrency.

Is liquidity shifting to AI stocks?A central theme emerging from the report is that artificial intelligence-focused stocks are attracting a growing share of market liquidity. According to this viewpoint, the underperformance of Bitcoin may stem from investors’ mounting preference for companies tied to the AI boom, rather than for crypto assets.

Arthur Hayes, co-founder of BitMEX, recently advanced a similar analysis. Hayes argued that most new US dollar liquidity is channeled into the AI sector, limiting the capital that could fuel a sustained Bitcoin rally.

Arthur Hayes observed that large portions of newly created dollar liquidity are being absorbed by the AI sector, weakening the capital flows necessary to drive major Bitcoin gains.

At present, AI-linked stocks led by Nvidia have overtaken crypto markets in terms of capital inflows. This new landscape offers a fresh perspective on where investors are focusing their risk appetite and which sectors are emerging as favorites in the quest for outsized returns.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

CNBC host Jim Cramer has called Bitcoin and gold “bad money” as investors move capital toward high-growth technology names and private market opportunities.

Summary

Jim Cramer called Bitcoin and gold bad money as investors chase SpaceX, Apple and Nvidia. His latest Bitcoin comments follow criticism of Michael Saylor and Strategy’s rare 32 BTC sale. Analysts linked the June crash to Fed policy, Iran tensions, ETF outflows and excessive leverage. His comment came during a difficult month for Bitcoin. The asset recently fell near the $60,000 area before recovering to trade near $62,796 at the time of writing.

Cramer says Bitcoin and gold face selling pressure Cramer wrote on X that “Bitcoin and gold–bad money” were being liquidated for SpaceX. He also said Apple and Nvidia were “good money” but were also being sold.

Bitcoin and gold–bad money, being liquidated for SpaceX. Apple and Nvidia –good money–being liquidated

— Jim Cramer (@jimcramer) June 10, 2026 The comment placed Bitcoin in the same liquidity debate as gold and major technology stocks. Cramer’s point was that investors may be selling several assets to raise cash for new opportunities.

SpaceX has drawn fresh market attention as investors watch a potential public listing. AI-linked firms and large technology names have also attracted large amounts of capital this year.

That has made liquidity a central market topic. When investors shift money into AI, private deals or major tech stocks, fewer funds may be available for risk assets such as Bitcoin.

Strategy sale keeps Bitcoin debate active Cramer’s latest post follows his earlier criticism of Strategy and Michael Saylor. As previously reported by crypto.news, he said Strategy’s sale of 32 BTC shook market confidence.

The sale was small compared with Strategy’s total Bitcoin holdings. However, traders focused on it because the company has long presented itself as a major Bitcoin accumulator.

Cramer previously said Strategy had acted as a “key trampoline” for Bitcoin’s price. He later wrote that Saylor had “murdered Bitcoin,” drawing a response from Saylor, who called the decline “just a flesh wound.”

The exchange turned Strategy’s role in Bitcoin markets into a wider debate. Some traders questioned whether one firm had too much influence on market sentiment, while others viewed the sale as minor.

AI and SpaceX rotation adds another pressure point AI capital demand has become one explanation for Bitcoin’s weaker performance. BitMEX co-founder Arthur Hayes has also argued that AI has absorbed a large share of new market liquidity.

Some market participants linked Bitcoin’s decline to capital rotation toward Anthropic, SpaceX and OpenAI. The argument is that large fundraising needs can compete with crypto for speculative money.

A crypto.news report said SpaceX IPO interest did not directly cause the June crash. It described the AI and IPO trade as a slow-moving pressure rather than the main trigger.

That distinction matters for Bitcoin traders. Tech rotation may reduce demand over time, but sharp market moves still depend on macro news, fund flows and leverage.

Bitcoin remains tied to macro and ETF flows crypto.news reported that the June crypto crash had several causes. These included hawkish Federal Reserve expectations, US-Iran tensions, Strategy’s 32 BTC sale, ETF outflows and leveraged liquidations.

Bitcoin also faced pressure from a long ETF outflow streak. That removed a major source of institutional demand while traders were already cutting risk.

For now, Cramer’s “bad money” comment adds to the public debate around Bitcoin’s place in portfolios. It does not change the core market test.

Bitcoin still needs stronger ETF demand, calmer macro conditions and a firm hold above the $60,000 area. Without those signals, traders may keep watching whether capital continues moving toward AI, SpaceX, Apple and Nvidia.

How Will the SpaceX IPO Impact Bitcoin Price? 5 Key Factors

Pre-IPO Bull vs Bear Debate on SpaceX: Morning Star and the "Valuation Godfather" Deem It Overpriced, While Long-Term Narrative Enjoys Market Optimism 2026.06.12 14:46:05

June 12: SpaceX priced its IPO at $135, valuing the company at roughly $1.77 trillion. Below is how top analysts and institutions are weighing in on its post-listing performance, in line with American financial media tone: Morningstar analyst Nicholas Owens pegs SpaceX’s fair value at around $780 billion—more than 55% below its $1.77 trillion IPO valuation. He calls the stock overvalued for the near to mid-term, noting the early opening could see a brief rally due to low liquidity and its upcoming inclusion in indexes like the Nasdaq 100. Still, Owens advises investors to skip buying at the high opening price, wait for the hype to cool, and enter at a lower point for more attractive long-term returns. NYU professor and valuation guru Aswath Damodaran puts SpaceX’s equity value at $1.25 to $1.3 trillion—well below its IPO price. He says current pricing is way too high; he’s not buying, nor shorting, but forecasts a big post-listing pullback like Facebook or Uber (which both dropped more than 50% after their debuts). Damodaran recommends waiting for a better entry point, adding that SpaceX’s AI ambitions make its story more grand but also ramp up volatility and short-term pressure. CNBC’s *Mad Money* host Jim Cramer is cautiously skeptical on fundamentals, noting valuing SpaceX at around $2 trillion—about 100 times sales—feels hard to justify. He predicts the opening could see a massive surge, possibly doubling to a $4 trillion market cap, driven by retail FOMO, low liquidity, and passive index fund inflows. But Cramer warns this could be a speculative bubble that disrupts the market, strongly advising retail investors not to chase highs; he says long-term losses tied to the business could trigger a pullback. Timothy Horan, an analyst at New York independent investment bank Oppenheimer, has an Outperform rating on SpaceX vs. the broader market, with a $190 target price—meaning about 41% upside from the $135 IPO. He’s highly bullish on SpaceX’s vertical integration across rockets, Starlink, semis, and AI, expecting total market size here to hit $10 trillion by 2035. While he acknowledges volatility risk, Horan believes there will be support post-opening and significant upside, citing strong long-term growth prospects. John Blank, chief equity strategist at Chicago-based independent research firm Zacks, expects a significant post-listing decline. If SpaceX’s stock drops 40-60% within a few months, he says that would prompt downward revisions to earnings forecasts and signal a potential market top—so Blank advises investors to stay cautious and wait for clearer fundamental validation. University of Florida IPO expert Jay Ritter points to the “Elon Musk Effect” driving high volatility. He says there’s major downside risk at current valuations, noting Musk’s dual-class share structure gives him near-total control, and the company may prioritize capital for long-term projects like Mars over direct shareholder payouts. Ritter expects a correction after the debut, warning investors to watch governance and capital allocation risks closely. Daniel Newman, CEO of tech analysis firm Future Group, says investors holding SpaceX stock over a 5-year window will see strong performance. He thinks the $135 IPO price will look pricey a year from now, but cheap in five years. Newman plans to make a small initial purchase on opening day to hedge against short-term uncertainty, while expecting better entry opportunities within the first 12 months. He’s long-term bullish on Starlink and AI growth. Dan Ives, an analyst at Los Angeles-based Wade Bush Securities, calls SpaceX’s IPO a “watershed” market event and holds an overall optimistic outlook. He puts the odds of a Tesla-SpaceX merger in 2027 at over 80%, saying post-listing, the company’s AI and space ecosystem long-term narrative will drive strong retail and institutional demand, leading to promising performance.

Relevant content

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

6 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

6 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

6 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

6 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

6 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

6 hours ago

TLDR Table of Contents

TLDRStrong Employment Data Erases Rate Cut ExpectationsApple’s Disappointment and SpaceX’s UncertaintyWhat This Means for Market ParticipantsGet 3 Free Stock Ebooks Cramer declares the market environment has deteriorated and recommends waiting to buy stocks Robust jobs data pushes Fed rate cut probability to near zero, with 96% chance of no June action Apple stock tumbled approximately 7% following lackluster investor response to its developer event Alphabet’s massive $80B capital raise for AI infrastructure may siphon liquidity from equities SpaceX’s highly anticipated IPO risks market disruption if shares surge then crash post-debut Jim Cramer has reversed course on his market optimism, cautioning investors that key factors supporting his previous bullish view are deteriorating. During a recent CNBC “Mad Money” segment, the veteran market commentator advocated for a wait-and-see approach.

“I am not that bullish,” Cramer stated. “My bullishness can wait. I think you will get a better time to buy than right now.”

Strong Employment Data Erases Rate Cut Expectations The primary catalyst behind Cramer’s more defensive posture is the May employment report. The economy added 172,000 nonfarm payroll jobs, exceeding consensus forecasts. The unemployment rate remained unchanged at 4.3%.

While robust job creation typically signals economic health, it presents a problem for equity markets. Solid labor market conditions eliminate the Federal Reserve’s rationale for monetary easing.

According to CME Group’s FedWatch Tool, markets are pricing in a 96% probability the Fed maintains its current rate stance at the June 17 policy meeting. A Reuters economist poll revealed that 70% anticipate zero rate reductions throughout 2026.

Cramer suggested the employment strength could even justify a rate increase, though few mainstream economists share that extreme view. Regardless, the takeaway remains clear — monetary policy loosening is off the agenda.

Apple’s Disappointment and SpaceX’s Uncertainty Apple presented another concern for the market strategist. Shares declined roughly 7% during the June 4-10 period after the company’s 2026 Worldwide Developers Conference. Announcements regarding Siri’s partnership with Google Gemini left investors underwhelmed.

“Apple is a leader, maybe the leader, and I don’t want to lose the leader of this stock market,” Cramer explained.

Additionally, Alphabet recently closed an enormous $80 billion equity offering to finance artificial intelligence infrastructure expansion. Cramer expressed concern that if additional tech giants pursue similar capital-raising strategies, it could drain available investment capital from the wider market.

The upcoming SpaceX public offering introduces further complexity. The space exploration company’s IPO carries an estimated $1.7 trillion valuation. While Cramer acknowledged strong initial demand should prevent opening-day losses, he warned of potential overvaluation leading to subsequent collapse.

“What happens if it opens too high simply because there’s not enough stock to go around, and then we watch a sickening decline after that moment?” he questioned.

What This Means for Market Participants Despite the S&P 500 maintaining approximately 6% gains year-to-date, Cramer is counseling restraint. He believes more attractive buying opportunities may emerge for patient investors.

Regarding SpaceX particularly, Cramer advised that only investors with extremely long time horizons should consider participating at the IPO price — jokingly recommending limit orders “for your grandchildren.”

For the immediate future, Cramer sees the risk-reward equation tilted unfavorably for investors entering positions at prevailing market levels.

SpaceX Stock Faces Tesla-Style Crash Fears as $3 Trillion Valuation Sparks Debate

Jim Cramer isn’t known for subtlety, and his June 12 take on Accenture was no exception. The CNBC host agreed with the thesis that the consulting giant is “being outcompeted by OpenAI and Anthropic,” pointing to growing concerns that advanced AI tools are siphoning business away from traditional consulting firms.

The timing matters. Accenture’s earnings report looms, and the stock is under pressure from a question that won’t go away: if AI can do what a $500-per-hour consultant does, why hire the consultant?

The consulting industry’s AI problem OpenAI and Anthropic aren’t just building chatbots anymore. Both companies announced large-scale enterprise AI services initiatives in 2026, raising billions in capital to place AI engineers directly with clients. In English: the AI labs are becoming consultants themselves.

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Accenture has tried to get ahead of this. In December 2025, the company expanded its partnership with Anthropic, creating a dedicated Anthropic Business Group and planning to train approximately 30,000 professionals on Claude models. Similar partnerships with OpenAI positioned Accenture as an implementation partner, helping enterprises deploy AI tools they couldn’t set up on their own.

Anthropic’s IPO and the competitive reshuffling The competitive picture got more complicated in early June 2026, when Anthropic filed confidentially for an IPO. The AI safety company, maker of the Claude model family, is reportedly following the successful public market debut of SpaceX as a signal that the IPO window is open for high-profile tech firms.

An Anthropic IPO would give the company a massive war chest to expand its enterprise services arm, potentially undercutting the very consulting firms it currently partners with. It would also create a publicly traded pure-play AI company that investors could buy instead of, or alongside, traditional consulting stocks like Accenture.

What this means for crypto and tech investors The Anthropic IPO, if it proceeds, will be one of the most watched tech listings in years. It could absorb significant institutional capital that might otherwise flow into crypto-adjacent AI plays.

The consulting disruption thesis has direct implications for enterprise blockchain adoption. Companies like Accenture have been among the largest consulting partners helping enterprises evaluate and implement blockchain solutions. If those firms lose market share and mindshare to AI labs, the blockchain consulting pipeline could slow, or shift to AI-native firms that have less institutional knowledge of distributed ledger technology.

For investors watching Accenture specifically, the question is whether the company’s partnership strategy amounts to genuine competitive positioning or an expensive exercise in training the people who will eventually work for its competitors. Training 30,000 professionals on Claude is impressive, but if those professionals can be replaced by Claude itself in three years, the investment thesis weakens considerably.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.