Crypto World
Bank of England Releases Stablecoin Rules, Sets 2027 Timeline
The Bank of England (BoE) has released a policy statement and draft rule framework for “systemic” pound-backed stablecoins, setting out how regulated issuers would operate under a proposed UK-wide regime. The publication is a significant step toward a dedicated stability-and-payments approach, reflecting policymakers’ view that certain stablecoins could materially affect the UK financial system through widespread use in payments.
In the BoE’s framework, systemic stablecoins are those broadly used for payments and therefore capable of generating risks to financial stability. Responsibility for classifying whether a given token falls within this category is assigned to HM Treasury, aligning the model with the UK’s broader approach to regulating activities deemed systemic or prudential in nature.
Key takeaways
- The BoE proposes a reserve structure for systemic pound-backed stablecoins, allowing up to 70% of reserves in interest-bearing government debt.
- A prior proposal’s reserve/holding restrictions have been replaced by a temporary issuance cap of £40 billion.
- The BoE aims to finalize its rulebook by end-2026, with a planned 2027 rollout.
- Only tokens designated systemic would fall under the BoE-led regime; non-systemic stablecoins would remain under the Financial Conduct Authority (FCA) for relevant activities.
- The BoE links the regime’s “guardrails” to ongoing assessment of how stablecoin arrangements may affect the provision of credit.
BoE’s systemic stablecoin rules: reserves, issuance limits, and timing
Under the BoE’s policy statement, systemic stablecoin issuers would be permitted to back reserves with a substantial allocation of interest-bearing government debt. Specifically, the limit has been set at 70%, increased from an earlier 60% proposal. The central bank also indicated that a key constraint on supply will take the form of a temporary issuance cap rather than individual or category-level holding limits.
Concretely, the BoE has proposed replacing prior holding-limit ideas with a £40 billion temporary cap on issuance. The BoE described this “guardrail” as something that would be reviewed regularly and removed once authorities determine that credit-provision risks have been adequately addressed.
The BoE’s documents also signal an implementation path designed to reach operational clarity for regulated participants before any rollout. The central bank’s stated objective is to conclude its rulebook by the end of 2026, ahead of a planned 2027 system.
Why the change matters: credit provision and payment-market structure
A central policy concern driving stablecoin regulation in the UK has been the potential for large-scale shifts of funds away from traditional banking channels. If stablecoins become a widely used alternative settlement mechanism, regulators may worry about deposit outflows and the resulting impact on credit availability for households and businesses.
In this context, the BoE’s shift away from earlier holding limits is framed as an attempt to balance financial stability goals with practical usability. In previous consultations, the BoE argued that restrictions were needed to reduce the likelihood of outsized transfers that could weaken the banking system’s role in funding the real economy.
However, feedback received during the earlier consultation raised concerns about feasibility and competitiveness. Respondents warned that tight restrictions could limit user adoption and complicate issuers’ operational and compliance models—particularly if UK-issued stablecoins faced disadvantages compared with dollar-backed alternatives.
By moving to an issuance cap and updating reserve permissions, the BoE appears to be trying to preserve a macroprudential control point (overall system size through issuance limits) while allowing normal retail and business usage without imposing user-by-user constraints.
From the 2025 consultation to the updated guardrails
The framework represents a measurable departure from the BoE’s November 2025 consultation proposal. At that time, the BoE suggested caps tied to user holdings: £20,000 per individual and £10 million per business per stablecoin. The rationale was to prevent rapid and large-scale relocation of deposits out of the banking system—an outcome that could ultimately reduce credit provision.
Industry respondents to that earlier consultation cautioned that such limits could undermine stablecoins’ utility for everyday payments and impose constraints that could deter growth. They also highlighted potential operational burdens for issuers trying to manage compliance at scale in response to changing user behavior.
In Monday’s policy statement, the BoE characterized the updated approach as intended to achieve the same underlying objective—guarding against credit-provision risks—while allowing households and businesses to use systemic stablecoins without the previously proposed restrictions. The net effect for compliance teams is a shift in the compliance focus from granular user limits toward system-level parameters such as reserve composition and issuance ceilings.
Regulatory boundaries: HM Treasury classification and FCA coverage for non-systemic tokens
The BoE’s systemic framework would apply only to stablecoins that meet the systemic designation. HM Treasury, rather than the BoE, is described as responsible for deciding whether a particular stablecoin enters the systemic regime.
For market participants, the operational consequence is that compliance obligations may diverge sharply depending on systemic status. The BoE-led regime is targeted at systemic stablecoins with payment relevance and potential financial stability implications. Meanwhile, stablecoins that are not categorized as systemic—particularly those used primarily for crypto trading—would remain within the FCA’s regulatory supervision for the relevant conduct and regulatory perimeter.
This division matters because it determines which regulator sets the prudential-style expectations around reserves, issuance, and systemic risk controls, and which regulator governs other aspects of market behavior. It also introduces cross-regulatory coordination considerations for firms seeking to serve both systemic and non-systemic use cases.
Separately, the BoE’s updated direction follows earlier signals from officials. In May, Deputy Governor Sarah Breeden stated that the BoE was reconsidering proposed holding limits and reserve requirements in response to feedback from digital asset companies. Those stakeholders argued that strict restrictions could hamper adoption and leave UK-issued stablecoins less competitive relative to dollar-backed alternatives.
Closing perspective: implementation, review triggers, and open questions
The BoE’s draft rules and policy statement mark a move from consultation concepts to a more structured stablecoin regime tied to systemic risk controls, with the issuance cap and reserve limits acting as the principal levers. As the rulebook is finalized by end-2026, market participants and compliance functions will likely focus on how systemic designation will be determined in practice by HM Treasury, what the review process will look like for removing the issuance guardrail, and how obligations will be coordinated across the BoE and FCA as firms operationalize the split between systemic and non-systemic stablecoins.
UK Prime Minister Sir Kier Starmer has today announced that he’s to step down as leader of the Labour party, triggering a leadership contest that will likely result in the former Mayor of Greater Manchester and member of Parliament for Makerfield Andy Burnham being handed the keys to 10 Downing Street.
Burnham won a key local election last week in the Makerfield constituency, a victory perceived to be an indicator of public appetite for his role as Labour leader.
But what does Burnham know about crypto?
Burnham attended a crypto event in Manchester in 2024 that was hosted by local crypto group Manchester Blockchain Alliance and Coinbase-backed crypto lobbying firm Stand With Crypto.
In a nine-minute speech, he spoke about the importance of expanding the digital sector in the city, the benefits of crypto’s tendency to “disrupt,” and how young people need to be able to see the job opportunities crypto can provide.
Read more: Russia offered crypto to firebomb Sir Keir Starmer’s home, report
He said that Manchester could become a “web3 powerhouse,” and that when it comes to marrying economic progress with social progress, “web3 could be the democratisation of it all.”
Despite noting that his understanding of crypto is “rudimentary,” he said, “I’m in, I’m bought in, I love the sound of it.”
Stand With Crypto has its own crypto position checkers for politicians and claims that both Burnham and Starmer have “no stance” on crypto. This is despite their public statements on the sector.
Farage still dogged by billionaire backing scandal
Burnham has already found himself embroiled in the controversy surrounding Nigel Farage’s £5 million gift from billionaire Tether investor Christopher Harborne.
Indeed, in a now deleted post, Farage used AI to depict immigrants in a dinghy holding placards in support of Burnham. Farage claimed Burnham acted “for them.”
In response, Burnham noted that Farage was “getting desperate,” and said, “Maybe keep your crypto millions for something else.”
Read more: Nigel Farage accused of undervaluing Christopher Harborne jet loan by $666K
Days before this comment, Burnham also said that “the crypto money is kicking in” when responding to a user that claimed their social media feed was negatively geared against him because “power brokers are clearly paying the big bucks to keep [Burnham] out.”
Burnham’s comments were made one month after Farage was revealed to have accepted £5 million ($6.6 million) from Harborne.
Farage kept the sum a secret and maintains that it didn’t have to be declared as it was a personal gift for security and helping to deliver Brexit.
Harborne has donated over £25 million ($33 million) to Reform UK. These donations were partly why the UK, under Starmer’s leadership, introduced a cap on political donations from overseas donors in March.
Burnham thinks cap on donations is right
Burnham told Byline Times that he would welcome a cap, noting that he would’ve started higher than the £100,000 ($132,000) cap currently set and reduce it over time.
He said a cap would help stop the “perception of any one party being unduly influenced or swayed by one person or organisation.”
Alongside this donation cap, the UK also introduced a temporary ban on political crypto donations until UK regulation catches up.
The most recent crypto regulations came from the Bank of England today. The bank relaxed its proposed stablecoin regulation, dropping plans to cap the amount an individual can hold and instead introducing a £40 billion ($53 billion) issuance limit for each stablecoin.
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Crypto World
Alphabet (GOOGL) Stock Plunges 6% as AI Talent Exodus Continues to OpenAI and Anthropic
Key Takeaways
- Alphabet shares declined approximately 6% Monday, reaching $343.30 during morning hours
- Noam Shazeer, Google VP and Gemini AI co-lead, is departing for OpenAI
- John Jumper, Nobel laureate and AlphaFold creator, is leaving Google DeepMind for Anthropic
- California court rejected Google’s motion for a new trial in youth addiction lawsuit
- Analysts maintain Strong Buy rating with average target price of $427.38
Alphabet shares tumbled approximately 6% during Monday’s trading session, settling at $343.30 in morning activity, as the tech giant confronted multiple adverse developments simultaneously. The decline deepened to 7% at certain points throughout the day, erasing roughly $250 billion from the company’s market valuation.
The most significant impact stemmed from consecutive announcements of prominent AI researchers joining competing organizations.
Noam Shazeer, holding the position of VP of Engineering at Google and serving as co-lead for the Gemini AI platform, revealed his decision to transition to OpenAI. The company had invested approximately $2.7 billion to recruit Shazeer back from Character.AI barely two years prior.
Shortly afterward, John Jumper, a Nobel Prize recipient and senior research scientist at Google DeepMind who co-developed AlphaFold, announced his move to Anthropic following nearly a decade at Google.
AlphaFold successfully predicted structural configurations for more than 200 million proteins, representing a transformative achievement with significant ramifications for medical research and biological sciences. The departure of the scientist responsible for this innovation — to a competing firm — carries substantial weight.
These consecutive departures sparked renewed debate about whether Google is falling behind in the artificial intelligence competition. Several market observers cautioned that the performance differential between Gemini and cutting-edge models from OpenAI and Anthropic might be widening.
Mounting Legal Challenges Compound Investor Concerns
In legal developments, a California court rejected Google and YouTube’s request for a retrial following a jury verdict determining their platforms were intentionally designed to create addictive behavior in minor users. This decision exposes Alphabet to financial liabilities and potential similar legal actions.
The United Kingdom’s proposed prohibition on social media access for individuals under 16, combined with enhanced chatbot regulations, introduces additional uncertainty for YouTube’s younger demographic and associated advertising income.
Market participants are also scrutinizing Alphabet’s financial position. The corporation recently executed an $84.75 billion equity offering, prompting speculation about potential suspension of share repurchase programs. Its projected capital expenditures for 2026 range between $180–$190 billion, a threshold anticipated to squeeze free cash flow profitability.
Market Conditions Offered Little Relief
The Nasdaq Composite declined 1.1% while the S&P 500 decreased 0.4% Monday, yet Alphabet’s losses significantly exceeded these benchmark indices. This disparity indicates company-specific challenges rather than general technology sector weakness.
GOOGL currently trades substantially beneath its 52-week peak of $408.61. The stock has surrendered considerable appreciation accumulated from its 52-week bottom of $162.
Important perspective: Alphabet’s Google Cloud division maintains expansion momentum, with its committed contract backlog exceeding annual revenue figures. Core business fundamentals remain intact.
Social media discussion contributed to selling pressure. Citrini Research published analysis on X suggesting hyperscale cloud providers might issue more than twice current projected debt levels during 2027–2028 to finance AI infrastructure — including processors, computing facilities and related equipment. This assessment unsettled investors already concerned about AI capital deployment exceeding financial returns.
Notwithstanding Monday’s selloff, Wall Street analysts haven’t abandoned their bullish stance. The consensus rating on GOOGL stands at Strong Buy, supported by 28 Buy recommendations and five Hold ratings issued during the previous three months. The mean price objective reaches $427.38, suggesting approximately 23% appreciation potential from present trading levels.
The departures also come as the foundation has unveiled a new strategic framework known as “CROPS,” an acronym standing for cypherpunk values, resilience, open-source development, permissionlessness and security. Foundation leaders presented the framework as a way to clarify the EF’s mission and reinforce Ethereum’s core values as the ecosystem becomes increasingly decentralized. Supporters viewed it as a reaffirmation of Ethereum’s founding principles, while critics argued it did little to address concerns about execution, organizational effectiveness and the network’s competitive position.
Among the most vocal critics was former Ethereum researcher Dankrad Feist, who suggested the recent spate of executive departures reflected deeper management issues rather than disagreements over strategy.
“The people who are leaving the Ethereum Foundation are CROPS believers,” Feist wrote on X. “The problem isn’t with the strategy, it’s with management.”
Feist’s comments were notable because they challenged the prevailing idea that recent departures stemmed from dissatisfaction with the foundation’s new direction. Instead, he argued that many of those leaving supported the CROPS vision itself, making the loss of talent a reflection of leadership shortcomings rather than ideological disagreements. “The exodus of talent is truly bearish for Ethereum, sadly,” he added.
Other community members echoed concerns about the Foundation’s internal dynamics. “It makes me sad to see the dysfunction at the Ethereum Foundation,” head of engineering at Coinbase Yuga Cohler wrote on X.
Mark Zuckerberg Meta AI just put a predicts on Bitcoin price prediction that should turn heads. The model sees a path to $150,000 by the end of 2026, and it is not pulling that figure out of thin air.
The bull case leans hard on the calendar. Bitcoin sits near $64,000 right now, and the 4 year halving cycle has historically lined up with major rallies into Q4 of the following year.
New supply just got cut in half, which means less coin hitting the market every single day.
Add in ETF flows pushing toward $250 billion in assets once outflows finally turn positive, plus the CLARITY Act working its way through Washington, and you get a setup that big money actually wants to lean into.
Advisers are still holding over 150,000 BTC and barely trimmed positions during a stretch of record outflows, which tells you conviction has not cracked.
Throw in expected Fed rate cuts and more corporate treasuries stacking bitcoin, and the macro backdrop starts looking like fuel rather than friction.
Wall Street is not shy about the upside either, with Galaxy Digital calling for $200,000, JPMorgan near $170,000, and Bernstein matching the $150,000 base case, all of which would mark gains well over 100% from current levels.
The bear case is not nothing though. If ETF outflows keep draining and risk appetite dries up across markets, a break below $60,000 could open the door to $50,000 or even $58,000. That would sting anyone who jumped in expecting a straight line higher.
Still, on chain activity just flipped into a bull phase, and long term holders are not selling, which keeps the floor from feeling shaky.
Bitcoin Price Prediction: BTC Eyes A Six Figure Reset Before The Next Leg Up
Looking at the weekly chart, bitcoin is sitting at $64,548 after bouncing off a multi month base.
Price carved out a clear double top near $128,000 earlier this year before rolling over hard into the low $60,000 zone.
That pullback looks like a healthy reset inside a longer uptrend rather than a trend reversal. Key support sits around $60,000, with deeper cushion near $50,000 if sellers push harder.
On the resistance side, $80,000 is the first wall, then $100,000, then the prior high near $128,000. RSI is reading 37.25 against a signal line of 40.88, so momentum is sitting below its own average and leaning soft for now.
That small gap suggests sellers still have a slight edge in the short term, though RSI is nowhere near oversold extremes that would signal panic.
Momentum overall looks neutral to cautious, which fits a market catching its breath before its next decision. If bitcoin reclaims $80,000 and flips it into support, that six figure target stops looking like a stretch and starts looking like the next logical stop on the chart.
LiquidChain Is Catching the Attention of Bitcoin holders: Meta AI Predicts It’s the Next 100x
Most people only recognize a rotation after it’s finished. Right now, it’s still in motion.
Large-cap crypto hasn’t broken down. It’s stuck under a lid. Bitcoin, Ethereum, and XRP have tested the same resistance bands for weeks while the macro catalysts that might free them keep sliding to next quarter. Sitting in those assets and waiting for someone else’s decision to move the price isn’t a position. It’s a queue.
Capital that’s been through enough cycles doesn’t queue. It repositions while the move is still invisible to everyone else.
The math changes entirely at the early stage. When a project’s market cap is small, it doesn’t take much capital to move the price by multiples. That asymmetry is just unpriced information: the market hasn’t valued the project correctly yet, and the distance between today’s price and tomorrow’s recognition is where the gain sits.
Fragmentation is the quiet tax on DeFi. Bitcoin, Ethereum, and Solana each run their own liquidity in isolation, with no shared layer connecting them. Anyone bridging value between those ecosystems pays for that isolation in fees, slippage, and transactions that fail outright.
LiquidChain merges all three into one execution layer. Deploy once, reach every chain, pay nothing extra for crossing between them.
Nobody has priced this in yet. That’s the window.
The presale sits at $0.01454, with roughly $820,000 raised so far. “Ground floor” isn’t a sales line here. It’s just where the project is, chronologically.
To be direct: execution hasn’t been tested, and adoption is still a question mark. Established coins offer a calmer climb toward a ceiling everyone can already see. This is the opposite trade — earlier, rougher, and aimed at a ceiling that doesn’t exist yet.
Explore the LiquidChain Presale
The post Mark Zuckerberg META AI Predicts Surprising Bitcoin Price by End of 2026 appeared first on Cryptonews.
Crypto World
Accenture (ACN) Stock Plummets 25% in Historic Selloff Following Disappointing Bookings
Key Takeaways
- ACN shares plummeted 18% immediately following fiscal Q3 earnings, finishing the week down approximately 25% in the company’s worst-ever weekly decline
- TD Cowen downgraded the stock to Hold from Buy, reducing its price target from $258 to $150
- New bookings contracted 3% quarter-over-quarter, with executives attributing the decline to major deals being postponed to fiscal 2027
- Both Truist and Jefferies lowered their price targets, with Truist noting approximately $100M in revenue headwinds from Middle East geopolitical tensions
- Fourteen analysts have reduced earnings projections; while no analysts currently recommend selling ACN, none identify immediate catalysts for recovery
Accenture (ACN) shares were hovering around $120–$123 on Monday, continuing a devastating selloff from last week that erased nearly 25% of the stock’s value — marking the most severe weekly decline in company history.
The collapse started Thursday when ACN plunged 18% to close at $127.98 following the release of fiscal Q3 earnings. The company reported revenue of $18.7 billion, narrowly missing the consensus estimate of $18.78 billion, while adjusted earnings per share of $3.80 exceeded the $3.72 projection. However, the earnings beat failed to compensate for disappointing forward guidance and a 3% sequential decline in new bookings.
TD Cowen analyst Bryan Bergin spearheaded Monday’s analyst downgrades, reducing ACN from Buy to Hold and slashing his price target from $258 down to $150.
“Our thesis anticipating stability before eventual recovery proved incorrect,” Bergin acknowledged. He stated there was no defensible justification for maintaining a positive recommendation “given the deteriorating fundamentals.”
The bookings shortfall proved most concerning. Bergin characterized the 3% decline as completely unexpected — his forecast had anticipated at least marginal growth.
Company leadership attributed the weakness to multiple large contracts being deferred into fiscal 2027. However, Bergin observed that even accounting for an estimated $1 billion in timing-related shortfalls, managed services bookings would still have registered negative growth — an outcome he believes would have disappointed investors regardless.
Wall Street Continues Slashing Price Targets
Truist Securities reduced its price objective to $150 from $210 while maintaining a Hold rating. The firm highlighted approximately $100 million in revenue disruption stemming from Middle East geopolitical instability, with impacts anticipated to persist through Q4 and possibly longer.
Truist had previously downgraded ACN several weeks ago, citing constrained client budgets, AI-related revenue displacement, and geopolitical uncertainties. Spillover effects from Iranian tensions emerged during the closing weeks of Q3, and the firm anticipates further lengthening of client decision timelines.
Jefferies analyst Surinder Thind likewise trimmed his price target, lowering it to $130 from $185 while retaining his Hold stance. He had identified weakening demand trends as early as March. Thind pointed to reduced revenue and earnings forecasts for calendar year 2027 and emphasized that geopolitical pressures are compounding already subdued discretionary technology spending.
RBC Capital decreased its target to $175 from $253. Guggenheim made a smaller adjustment to $185 from $225 while preserving its Buy recommendation.
Current Analyst Consensus
Among 30 firms monitored by FactSet, 17 maintain Buy or Overweight ratings on ACN. The other 13 assign Hold ratings. Currently, zero analysts rate the stock as a Sell.
Nevertheless, 14 analysts have lowered their earnings projections for the coming period, according to InvestingPro data. The stock is trading near its 52-week low of $125.60, with RSI indicators suggesting the shares have entered oversold conditions.
CEO Julie Sweet identified Middle East geopolitical tensions as a contributing factor to quarterly underperformance. The company has simultaneously maintained its acquisition strategy focused on cybersecurity capabilities and established partnerships with OpenAI and Anthropic to develop agentic AI solutions.
ACN stock was changing hands at $120.85 Monday afternoon, declining approximately 5.6% for the session.
Diplomatic efforts between Iran and the United States showed early signs of progress after senior officials from both countries held talks in Switzerland.
Mediators from Qatar and Pakistan said the discussions were constructive, as both sides agreed to a 60-day timeline to secure a final deal. Further technical meetings are scheduled to take place at the Burgenstock resort later this week. The optimism surrounding the talks briefly pushed Bitcoin (BTC) above $64,000, although the asset later gave back some gains and fell below the level.
However, tensions between the two countries still linger as the deal was not signed by June 19 as promised and there are new attacks between Israel and Lebanon. One analyst has outlined a potential downside scenario for Bitcoin if wider market conditions deteriorate.
Worst-Case Scenario
Bitcoin could fall to $23,979 in 2026 if the broader stock market suffers a crash of more than 50%, according to technical analyst Jesse Olson. He shared a two-week Bitcoin chart that depicted BTC potentially declining toward the $23,980 level, based on a long-term volume-weighted support line derived from his proprietary Market Sniper Pro VWAP indicator.
Olson said such a move would likely require a major stock market downturn while adding that he does not expect Bitcoin to fall to zero.
Meanwhile, another prominent market commentator, Doctor Profit, said that Bitcoin is forming a bearish flag on the daily chart, while growing market optimism is creating liquidity below current prices. He said Bitcoin’s recent uptick matched his earlier expectations and explained that prices can revisit the same levels several times during sideways trading. He expects the asset to eventually fall toward the $54,000-$56,000 range before finding a market bottom at lower levels.
Lagging Institutional Demand
Between June 14 and June 18, spot Bitcoin ETFs saw net outflows of $227 million and extended their losing streak to six straight weeks.
CryptoQuant analyst Darkfost also highlighted the weak institutional appetite for Bitcoin and said the Coinbase Premium Index has remained largely negative in recent weeks. The indicator compares BTC prices on Coinbase Advanced and Binance to gauge the behavior of professional and retail investors.
According to Darkfost, negative readings mean that institutions trading on Coinbase are selling more aggressively than retail investors on Binance, which has created downward pressure on prices. He added that a wider price gap between the two exchanges points to a greater divergence in investor behavior. Institutional investors are not trying to catch a market bottom; instead, they prefer to wait for stronger price performance and clearer signs of a recovery before increasing their Bitcoin exposure.
The post Is a 60% Bitcoin Crash Still on the Table? Analyst Points to Wall Street appeared first on CryptoPotato.
USD1's circulating supply expanded 9.7% over the past seven days to $4.85 billion, a 100th-percentile move on the World Liberty Financial-issued stablecoin's three-month supply history. The dollar increase works out to roughly $427 million in new tokens between Monday last week and Sunday,… Read the full story at The Defiant
Micron Technology (MU) shares climbed nearly 5% on Monday after the memory maker unveiled a strategic deal with Anthropic covering chip design, long-term supply, and an equity investment in the AI lab.
The announcement landed two days before Micron reports fiscal third-quarter results, sharpening investor focus on how AI memory demand is feeding the company’s growth.
Inside the Micron and Anthropic deal
Micron announced the partnership on Monday. It frames the tie-up as a bridge between frontier AI models and the design of memory hardware. The two firms will co-engineer memory and storage subsystems tuned for AI training and inference.
The deal also locks in a multi-year supply arrangement across Micron’s data center portfolio. It covers high-bandwidth memory, DRAM, and solid-state drives.
That gives Anthropic committed components as Claude usage keeps growing.
The supply guarantee carries weight given Anthropic’s scale. The lab’s run-rate revenue crossed $47 billion in May, and its latest raise valued it at $965 billion. Securing memory now hedges against a market where AI chips are scarce.
Micron also took a strategic stake in Anthropic’s Series H round. It joined Samsung and SK hynix, the world’s other leading memory makers, as named infrastructure backers of Anthropic.
Inside its own walls, Micron uses Claude to accelerate engineering and coding work.
“Our compute strategy depends on getting every layer of the stack right, and memory and storage are central to how efficiently we can train and serve Claude… As demand for Claude grows, this is how we scale our compute for the long term,” read an excerpt in the announcement, citing Tom Brown, co-founder and chief compute officer at Anthropic.
Follow us on X to get the latest news as it happens
MU Stock Climbs Ahead of Earnings
Micron’s MU shares rose nearly 5% intraday, extending a rally built on booming AI memory demand.
Micron set an all-time high above $1,130 on June 18, and the stock has more than tripled in 2026. It now trades above that record at $1,192, ahead of Wednesday’s earnings release, capping a busy reporting week.
The timing matters because memory pricing has tightened sharply. Deutsche Bank’s Melissa Weathers raised her price target to $1,500 from $1,000 on June 17.
TD Cowen’s Krish Sankar matched that figure, citing a projected 2027 earnings per share of roughly $150.
Both analysts expect the memory shortage to run well into 2028.
Still, not every desk sees Micron as the cleanest AI bet. Some Wall Street strategists have favored Nvidia over Micron, pointing to steadier exposure to AI infrastructure spending.
Wednesday’s report will test whether the Anthropic deal signals a lasting demand pipeline or a well-timed headline.
With memory in short supply and prices climbing, Micron’s guidance may reveal more about 2027 than the quarter just ended.
The post Micron Stock Jumps 5% on Anthropic AI Deal Ahead of Earnings appeared first on BeInCrypto.
Mark Zuckerberg, CEO of Meta, is seen in the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R-S.D., on Thursday, March 26, 2026.
Tom Williams | CQ-Roll Call, Inc. | Getty Images
Elon Musk became the world’s first trillionaire thanks to his stake in SpaceX after the company’s public debut on June 12. Prediction market traders think that Mark Zuckerberg has the best chance of being next, but it’s still a long shot.
Speculators on Kalshi give the Meta CEO a 32% chance of becoming the world’s second trillionaire. His net worth is estimated at just under $200 billion, according to Forbes, which Kalshi uses to determine whether to resolve the contract to “yes” or “no.” That means his net worth would have to quadruple to earn the title.
The contracts on Kalshi related to the question also expire by 2033, meaning if the person listed on the contract doesn’t become the second trillionaire by that point the contract will close. Kalshi’s event contracts related to the question also currently have low volume, with just over $7,500 traded.
Traders on the platform give Nvidia CEO Jensen Huang the next best odds, with 21% chance of obtaining a 13-digit net worth. His current net worth according to Forbes is a little north of $180 billion.
No one else is seen as having a more than 10% chance of becoming the second trillionaire. Michael Dell, CEO of Dell Technologies, has the third best chances, at 6%. That’s despite his current net worth, $240 billion, being greater than that of Zuckerberg or Huang’s.
Despite the low odds from prediction market traders, more than one trillionaire may be in the pipeline, if previous research is to be believed. An Oxfam report from January 2025 estimated that within a decade there would be five trillionaires.
Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.
DeFi risk curator Re7 Labs said this morning that wallets affected by the March exploit of Resolv Labs' USR stablecoin can claim a share of a 223,000 USDC compensation pool. The makeup payment closes one of the smaller curator-side liabilities tied to the incident. The pool covers users whose… Read the full story at The Defiant
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