US space sector stocks have surged sharply since the start of this year due to the SpaceX IPO effect.

The SpaceX IPO is expected on June 12 on NASDAQ, aiming for a $2 trillion valuation, making it the largest IPO ever worldwide.

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⚡️ JUST IN: Draft US-Iran MOU would see US forces withdraw from Iran’s vicinity and lift the naval blockade, Iran state TV says.

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⚡️ JUST IN: The White House indirectly denies Iran state TV’s reported draft US-Iran MOU, stating no deal has been reached.

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A mysterious whale destroyed 107 Bitcoin worth $8.2 million by sending them to a burn address.

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Trump said the US will destroy Oman if it tries to control the Strait of Hormuz. An Iranian ambassador said Iran and Oman discuss a permanent fee for passage.

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⚡️ JUST IN: Snowflake stock $SNOW surges over 30% after reporting stronger than expected earnings driven by AI.

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US Military has conducted new strikes against Iran after Iran launched drones at ships in the Strait of Hormuz.

US forces shot down Iranian drones and targeted a drone-control station at a major port city in southern Iran on the Strait of Hormuz.

The site was considered a threat to US forces and commercial traffic in the area.

US F/A-18 jets struck the ground-control unit at the port city.

The strikes occurred amid ongoing US-Iran negotiations.

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⚡️ JUST IN: Trump and the US Treasury Department are designing a $250 bill featuring Trump.

If issued, Trump would be the first living person on US currency since 1866.

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⚡️ JUST IN: US and Iran agree to extend ceasefire by 60 days pending Trump's approval

US and Iran have reached a deal to extend their ceasefire for 60 days, but it requires Trump's final approval. The extension will begin negotiations on Iran's nuclear program.

US negotiators briefed Trump on the deal, and he requested a few days to consider it. The Memorandum of Understanding will guarantee that shipping through the Strait of Hormuz remains unrestricted.

Officials said most terms are agreed, but both sides await senior leadership approval. The news pushed US markets to fresh record highs.

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📈 Solana Meme Coin Pumps 6,000% After Rug Pull Creators Get Arrested

South Korean prosecutors charged 5 people behind the Solana meme coin CatFi for allegedly running a rug pull that caused around $600K in investor losses.

Ironically, after the arrests became public, traders pumped the dead token nearly 6,000% trying to “unrug” it.

The token is still down 96% from its peak.

Only in crypto.

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Dan Greaney, writer of the "prophetic" Simpsons episode, announced his intention to run for US president in 2028.

Greaney is known for scripting the episode "Bart to the Future," which predicted Trump's presidency 16 years before he was elected.

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⚡️ JUST IN: Iran says the US deal text is not finalized and rejects Western reports.

Bessent says there will be no deal with Iran without open Hormuz and enriched uranium.

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⚡️ JUST IN: Dell stock jumps nearly 30% after beating earnings expectations driven by AI.

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📈 Retail Investors Sell $1.1B in Equities Last Week

Retail investors sold $1.1 billion in equities last week, the largest weekly sale this year after three weeks of buying $1.6 billion.

Outflows were led by single stocks at $1.7 billion, while equity ETFs saw inflows of $571 million.

Institutional investors bought $219 million after three weeks of purchases over $3.0 billion.

Hedge funds bought $686 million following a $4.6 billion sale the prior week.

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⚡️ JUST IN: Warren Buffett Indicator hits a record 236%, valuing US stocks at 2.36x GDP, surpassing dot-com and 2021 peaks.

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⚡️ JUST IN: US-Iran peace deal proposes a $300 billion reconstruction fund for Iran.

The fund is described as an international "investment fund" that the US would help facilitate in the final agreement. This follows Iran's demand for "reparations" to end the conflict.

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🔋 Google Engineer Accused of $1.2M Betting Fraud

Google engineer Michele Spagnuolo is accused of using confidential data to earn $1.2 million through betting.

Prosecutors claim the 36-year-old Italian accessed non-public search trend data, including "Year in Search 2025," and placed bets under the nickname AlphaRaccoon from October to December, notably on the popularity of singer d4vd.

Spagnuolo allegedly knew the outcomes due to his internal access. He was arrested in New York on charges of commodity fraud, wire fraud, and money laundering, then released on $2.25 million bail.

Google is cooperating with authorities and confirmed Spagnuolo’s suspension.

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