Weekly Market Roundup
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DMG Signs AI Tenant LOI, Robinhood Launches AI Trading
Bitcoin broke $60,000 on June 5, hitting its lowest level since October 2024. Down more than 30% year to date. Coinbase Q1 revenue fell 30.5% year over year. The crypto market is in a drawdown. The infrastructure being built underneath it is not slowing down. A Canadian blockchain company signed its first AI data center…
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Fluence Energy Joins Siemens Nvidia AI Data Center Architecture
The biggest clean energy conference of the year ran June 1-4 in Houston. Eight thousand attendees. Five hundred exhibitors. The American Clean Power Association released Q1 data showing 6.4 gigawatts of new capacity added and a US total surpassing 370 gigawatts. Texas approaching 100 gigawatts alone. On the same day the conference opened, Fluence Energy’s…
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Quantinuum Lists on Nasdaq as Quantum Computing Hits Three Milestones in One Week
Quantum computing had its biggest week as a public market story. Quantinuum debuted on Nasdaq at $60 per share, pricing above its target range and raising $1.68 billion. D-Wave, which has spent its entire existence building annealing systems, announced a roadmap to 100 logical qubits using gate-model hardware. And IonQ published a paper demonstrating quantum…
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Three Cancer Drug Programs Advanced This Week and Nobody Noticed
MAIA Biotechnology got FDA clearance to open US enrollment for its Phase 2 lung cancer trial on June 3. ADC Therapeutics released Phase 3 data confirming ZYNLONTA extends progression-free survival in lymphoma the same day. Verastem got an FDA Fast Track for its KRAS G12D inhibitor in lung cancer the day after. Three different companies,…
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Guardian Metal Finds Tungsten Zone as Outcrop Silver Hits Record Grades
Tungsten had a week. Guardian Metal found a new zone at its Nevada project during what was supposed to be routine condemnation drilling. Outcrop Silver hit 2,820 g/t silver equivalent over 23 centimeters in Colombia. Norsemont drilled 20 meters of gold at the bottom of a hole in Chile, which means the system keeps going.…
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Three Crypto Fintech Stories That Changed the Market This Week
Three developments in four days made the US crypto and fintech landscape structurally different. On May 27, SoFi put a bank-issued stablecoin in 14.7 million people’s banking apps — the first time a federally chartered US bank has done that. On May 29, the CFTC opened regulated perpetual futures to US traders for the first…
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NeoVolta Signs $200M Battery LOI as TeraWulf Buys Kentucky Power
The AI power crunch is producing two kinds of energy stories right now. Companies building the physical supply of batteries and power infrastructure to fill the gap, and companies racing to lock in the energy-advantaged sites before they are gone. Both happened this week. NeoVolta signs its first utility-scale LOI — $200 million, 1.1 GWh,…
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BigBear.ai Deploys at Panama Port, Hadron Energy Lists on Nasdaq, SoundHound Acquires LivePerson
Computex 2026 ran May 26-30 in Taipei. Jensen Huang showed up with 150 ecosystem partners, laid out the Vera Rubin and Grace Blackwell roadmap, and teased a surprise product for the second half of the year that nobody has seen yet. Intel showed rackscale AI infrastructure. The headline announcements were all large cap. The same…
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Ivonescimab posted a 34% survival benefit at ASCO — the FDA decides in November
ASCO week closed with one result that changed the conversation about lung cancer. Ivonescimab cut the risk of death by 34% in squamous NSCLC. The data landed in a Plenary Session. It was published simultaneously in The Lancet. It was the first time in the 61-year history of ASCO that a China-originated drug has been…
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StrikePoint Drills Best Hole at Hercules as GR Silver Hits Record Grades
Gold is sitting near $4,700 an ounce. Silver has been running between $73 and $83. The drill rigs are busy. Four junior mining companies published meaningful results this week across gold, silver, copper, and lithium — Nevada, Mexico, Argentina, and back to Nevada again. Two of the four produced the best results in their respective…
