Sectors
Four Junior Miners Advance as Gold Hits Eight-Month Low Then Surges
Gold hit an eight-month low mid-week and then added two percent in two sessions. The June nonfarm payrolls report, released Friday July 4, came in at 57,000 jobs against a forecast of 110,000. The worst print in four months was enough to knock rate hike bets from 67 percent probability to roughly 50, push the…
Robinhood Built a Blockchain and Securitize Rang the NYSE Bell
June was the worst month on record for Bitcoin ETF outflows. The same week, Robinhood launched its own Layer 2 blockchain and Securitize Corp. debuted on the New York Stock Exchange as the first pure-play tokenization company to list on a major US exchange. Traditional finance is not retreating from crypto. It is repositioning from…
Qualcomm Acquires Modular for $3.92B to Challenge Nvidia CUDA
Qualcomm paid $3.92 billion for a company that makes Nvidia’s software stack optional. GitHub Copilot closed its first month of token-based billing the same week, and developers building with exactly those agentic AI tools found their invoices had multiplied tenfold. One story is about a chip company buying its way into the software layer. The…
HIVE Digital Signs Sovereign AI Deal as Sphere 3D Puts 30 MW Under Contract
The year’s largest Bitcoin options expiry cleared the market on June 26 with BTC near $59,000, down from $65,000 to open the week. $10.6 billion in open interest, roughly 80 percent of it out of the money. That is where spot was. The companies building the compute infrastructure behind it were somewhere else entirely. HIVE…
enCore Energy Clears NRC Hurdle as ESS Tech Pivots Strategy
A nuclear regulator just cleared a uranium mine in South Dakota. A battery maker just announced it is betting less on the battery it built its company around. A penny stock worth less than $1 million just landed a $45 million tax credit. enCore Energy Clears NRC Environmental Hurdle for South Dakota Uranium Project enCore…
Ionis Tryngolza Wins FDA Approval, Expands to 3.6 Million Patients
Ionis Pharmaceuticals submitted a label expansion and the FDA said yes. Replimune has now been rejected twice on the same melanoma drug and just got the FDA to accept a third attempt, this time with an advisory committee meeting attached. One company is celebrating a smooth approval. The other is celebrating an agency that will…
Pan African Resources Completes Emmerson Buyout, Fitzroy Hits Copper
Pan African Resources spent four months and £163 million buying out a company it already controlled 75% of, just to make the paperwork simpler. Fitzroy Minerals spent the same week drilling a hole in Chile that came back at 59 meters of 1.73% copper and decided to drill 22,000 more meters to find out what…
AI Memory Boom: Micron Record Earnings and SK Hynix $29B IPO Filing
A smartphone now costs $523 on average, a record. Memory chips are why. Micron Reports $41.5 Billion Quarter and Locks in $100 Billion of Future Revenue Micron Technology (Nasdaq: MU) reported fiscal third-quarter results on June 24 that beat every prior record the company had set. Revenue came in at $41.46 billion, up from $23.86…
Boundless Bio Stock Up 87% on Failed Drug and Reverse Merger Deal
Boundless Bio’s cancer drug did not work. The company is cutting three-quarters of its staff. Its stock went up 87%. Boundless Bio Hands Control to a Private Gene-Editing Startup After Its Lead Drug Fails On June 22, Boundless Bio (Nasdaq: BOLD) signed a definitive merger agreement with Serapha Bio, a privately held company developing a…
enCore Energy Wins Decade-Long Fight for Dewey Burdock Approval
enCore Energy spent more than a decade waiting for a federal agency to say yes. Cosa Resources just started its biggest drill program ever on a project it does not yet know is worth anything. One company knows what it has and can finally build it. The other is still finding out whether it has…
