Micron Technology shares rebounded sharply after a recent selloff, rising nearly 10% in premarket trading between June 9 and 10 following a wave of analyst upgrades. Goldman Sachs added to the momentum by raising its price target to $900 from $400, more than doubling its outlook and underscoring expectations that the AI-driven memory upcycle still has room to run. Investors' attention now turns to Micron's fiscal Q3 earnings report on June 24. Wall Street expects revenue of about $34.47 billion, implying roughly 270% growth from a year ago. Consensus EPS is projected at $19.79, up 936% year over year. Micron previously guided to around $33.5 billion in revenue at the midpoint, leaving analysts slightly ahead of management's own expectations—a gap that can amplify the market's reaction if results or guidance fall short. The stock's run has been dramatic: shares rose more than 700% in 2025 and are up about 174% year-to-date in 2026, lifting Micron's market capitalization to peaks around $1 trillion. For a memory-chip maker long associated with boom-and-bust cycles, that valuation is uncommon territory. The central driver remains high-bandwidth memory (HBM), a critical component for AI data centers running large-model training and inference workloads. Supply remains constrained, with Micron one of only three manufacturers able to produce HBM at scale alongside Samsung and SK Hynix. With limited supply and surging demand, analysts point to sustained pricing power and expect tight conditions to persist well into 2027, supporting the view that Micron's earnings momentum could be structural rather than a one-quarter spike. Rising memory prices tied to AI deployment have been key to Micron's revenue outlook, as hyperscale cloud providers expand data-center capacity and enterprises accelerate AI infrastructure rollouts. Crypto-focused investors have also taken notice. A tokenized version of Micron's stock, trading under the ticker MUON, has emerged as an on-chain route to track the company's performance. The product reflects a broader push to wrap traditional equities in blockchain-based instruments, though questions remain around liquidity and long-term adoption. For equity investors, the primary near-term risk is valuation compression. After outsized gains, expectations are elevated; even a modest miss on June 24 or weaker-than-expected forward guidance could trigger a sharp pullback, as suggested by the stock's recent 13% decline before the rebound. Bulls argue the bigger picture is a multi-year AI capex cycle, with hyperscalers committing to hundreds of billions in data-center spending that will require substantial memory capacity. With Goldman now pointing to $900, at least one major bank believes upside remains—while skeptics may prefer to wait for the June 24 earnings call before taking a position.

U.S. President Donald Trump said he has canceled planned military strikes on Iran after negotiations were elevated and approved by Iran's top leadership. He said the United States, Israel, Saudi Arabia, the UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt and other parties have approved the negotiation framework and final points. Trump added that the naval blockade on Iran will remain in place until the agreement is finalized, with the signing date and venue to be announced later.

President Donald Trump said the United States has canceled planned strikes on Iran. He added that a naval blockade will remain in effect while the parties work toward a final agreement.

Singapore's DBS Bank plans to make tokenized gold available to retail customers, expanding access to digital gold exposure for individual investors.

Authorities said they dismantled the AudiA6 group, alleging it laundered about 389 million dollars worth of Bitcoin. The action targeted a network suspected of moving illicit crypto funds, marking a significant enforcement step against large scale Bitcoin laundering operations.

Avalanche Treasury has begun trading on the Nasdaq following a $675 million merger with special purpose acquisition company Mountain Lake Acquisition Corp., CNBC reported. Shares trade under the ticker symbol AVAT. The company is led by Bart Smith.

US household wealth edged higher in the first quarter of 2026, but the increase was the weakest in a year as falling stock prices weighed on portfolios, according to the Federal Reserve's Z.1 Financial Accounts released June 11. Equities were the main drag, offsetting gains in real estate and other nonequity assets. The slowdown was stark compared with the prior quarter: household and nonprofit net worth rose by $2.2 trillion in Q4 2025 to $184.1 trillion. The quarter highlighted a familiar split in household balance sheets. Property values and other assets contributed to net worth, while lower corporate equity valuations pulled it down. The pattern echoes Q1 2025, when a weak stock market drove a $1.6 trillion decline in household net worth, underscoring how quickly broad equity moves feed through to measured wealth. On the liability side, total household debt increased by $18 billion during the quarter to $18.8 trillion, based on the New York Fed's Household Debt and Credit Report from May 2026. The gain amounts to roughly 0.1% of the total. The wealth effect remains central for the broader economy. Consumer spending, about two-thirds of US output, tends to strengthen when households feel wealthier and soften when that support fades, usually with a lag of a few quarters. For investors, the data reinforces three takeaways. Equity-market volatility remains the key swing factor for household balance sheets, and even a modest pullback was enough to deliver the slowest wealth growth in a year. Debt is still rising at a manageable pace, but the trajectory bears watching if borrowing accelerates while asset growth cools. Investors will be monitoring delinquency rates and credit-card balances in upcoming NY Fed reports for signs of consumer stress. After the $2.2 trillion lift in Q4 2025, Q1 2026's modest gain marks a clear downshift. Crypto-focused investors may also note that digital assets did not register in the Fed's household wealth accounting this quarter, highlighting that stocks and real estate still dominate household balance sheets from a macro perspective. The next major update will be the Q2 2026 release. If equity markets rebound, household net worth could reaccelerate, similar to how the $2.2 trillion Q4 2025 jump followed the $1.6 trillion decline in Q1 2025.

Crypto markets are slipping into a level of indifference not seen since the mid-2024 slowdown. Trading activity across leading non-stablecoin assets has fallen to multi-quarter lows, a backdrop that can feel unsettling but has often preceded some of the sharpest relief rallies. On-chain analytics firm Santiment reports that large-cap tokens are now printing their weakest trading volumes in nearly two years, echoing the fatigue that has historically shown up before upside breakouts. The volume crunch comes as macro uncertainty, geopolitical tensions, and waves of leveraged liquidations keep risk-takers on the sidelines. Central bank policy ambiguity and renewed tariff debates have added to the hesitation, leaving the market with few participants willing to buy or sell aggressively. Santiment characterizes the current setup as closer to capitulation than the start of a fresh, extended downtrend: conviction fades, risk appetite stalls, and engagement dries up. In past cycles, some of crypto's strongest rallies began when traders were convinced nothing would happen. The purge of speculative leverage and the exit of exhausted holders can function as a reset, creating room for new capital to move in. Santiment Intelligence notes that markets rarely turn bullish while crowds are actively chasing higher prices; inflection points more often emerge when participation drops to a minimum. Despite the drought in trading, underlying ecosystem activity remains resilient. Developer output across major chains has not gone dormant, with Ethereum, Solana, Polygon and others continuing to ship updates. Institutional efforts tied to tokenization also appear to be advancing. Real-world asset tokenization has recently surpassed $20 billion on-chain, and regulated settlement pilots involving firms such as Ondo and JPMorgan point to infrastructure buildout even as retail interest fades. The split between subdued market volumes and ongoing development suggests builder and institutional conviction has held up. Santiment draws a parallel to the late-2023 lull that later transitioned into the ETF-driven surge in early 2024, raising the possibility that quiet accumulation and structural progress are again waiting on a trigger. If confidence returns, Santiment argues it may not take much for prices to react. Capital has been parked in stablecoins and money market funds, and even modest reallocations could spark a relief rally that catches underexposed traders off guard. The firm says the market increasingly looks like it is searching for its next catalyst. What remains unclear is where that catalyst comes from: clearer macro signals, a sudden liquidity shift, or a slower grind of exhaustion over weeks. Low volume can persist longer than expected, and capitulation rarely offers a precise timing tool. Even with sellers worn out, weak demand can keep prices stuck in a range for an uncomfortable stretch. Still, the collapse in large-cap volumes back to levels seen before a major rally cycle suggests traders should focus on the point when boredom flips into momentum, rather than assume the quiet will last indefinitely.

The United States has officially become the world's largest oil exporter, surpassing Saudi Arabia, according to the latest update. The shift marks a change in global energy trade flows as US export volumes move ahead of Saudi shipments.