Weekly Market Roundup
Bending Spoons Surges 40% on Nasdaq Debut in 2026 Biggest Software IPO
The second quarter ended on a high note and then handed the calendar to July. Q2 2026 was the best quarter for major indexes since 2020. The Nasdaq gained 21 percent. The Russell 2000 climbed 22 percent for its best first half since 1991. The S&P 500 closed Q2 up nearly 15 percent. The Dow…
Satellos Bioscience Earns Third FDA Designation for Duchenne Drug SAT-3247
The FDA approved 44 novel therapies in the first half of 2026, including 26 in the final six months alone. BioPharma Dive described it as an acceleration, driven partly by a White House-directed overhaul aimed at restoring more traditional leadership to the agency. The pace matters for small companies whose entire business model rests on…
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…
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…
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…
Newcore Gold Falls 24% on Enchi PFS as Luca and Faraday Post Results
The press release said “robust.” The stock fell 24% to its lowest level in 17 months. Newcore Gold Headlines Spot-Price Economics While the Base Case Disappoints Newcore Gold (TSX-V: NCAU / OTCQX: NCAUF) released a pre-feasibility study for its Enchi Gold Project in Ghana on June 24. The headline numbers: an after-tax net present value…
Bitmine Raises $273.8M for ETH as Sezzle Jumps on Fragile Iran Deal
Sezzle jumped 10.1% on June 15 because a deal in Switzerland promised to reopen the Strait of Hormuz. By June 18, Iran had closed it again. Bitmine Raises $273.8 Million in Preferred Stock to Buy More Ethereum While Diluting Shareholders 213-Fold Bitmine Immersion Technologies (NYSE: BMNR) announced on June 15 that its total crypto, cash,…
Eos Energy Up 12% on Battery Line 2 as Brenmiller Eyes Italy Market
Eos Energy’s stock is down 52% over six months. On June 16, it jumped 12% in a single morning. Eos Energy Launches Battery Line 2 and Stock Jumps 12% Despite Being Down 52% Over Six Months Eos Energy Enterprises (Nasdaq: EOSE) announced on June 16 that it had started commercial production on Battery Line 2…
