BTC $68,790.80 -6.40%
ETH $1,933.51 -5.48%
BNB $633.00 -6.12%
XRP $1.02 -1.65%
SOL $79.64 -3.90%
TRX $0.3105 -2.09%
DOGE $0.0641 -4.08%
ADA $0.1697 -1.73%
BCH $218.19 -4.73%
LINK $9.81 -2.45%
HYPE $71.52 +0.09%
AAVE $111.13 -5.14%
SUI $0.7876 -3.28%
XLM $0.1440 -1.43%
ZEC $938.05 -4.65%
AAPL $355.85 -0.02%
AMZN $267.83 +0.57%
GOOGL $299.24 +1.58%
MSFT $518.00 -0.76%
META $623.69 -0.71%
NVDA $164.10 +2.01%
TSLA $397.62 +2.74%
SNDK $920.12 -2.34%
INTC $60.84 +0.48%
SPCX $141.44 +1.82%
MU $788.81 +0.75%
AMD $575.52 +2.10%
BTC $68,790.80 -6.40%
ETH $1,933.51 -5.48%
BNB $633.00 -6.12%
XRP $1.02 -1.65%
SOL $79.64 -3.90%
TRX $0.3105 -2.09%
DOGE $0.0641 -4.08%
ADA $0.1697 -1.73%
BCH $218.19 -4.73%
LINK $9.81 -2.45%
HYPE $71.52 +0.09%
AAVE $111.13 -5.14%
SUI $0.7876 -3.28%
XLM $0.1440 -1.43%
ZEC $938.05 -4.65%
AAPL $355.85 -0.02%
AMZN $267.83 +0.57%
GOOGL $299.24 +1.58%
MSFT $518.00 -0.76%
META $623.69 -0.71%
NVDA $164.10 +2.01%
TSLA $397.62 +2.74%
SNDK $920.12 -2.34%
INTC $60.84 +0.48%
SPCX $141.44 +1.82%
MU $788.81 +0.75%
AMD $575.52 +2.10%

solely

All
Article
Flash

CITIC Securities: The high growth of earnings in the U.S. stock market may no longer be concentrated solely among leading technology companies

CITIC Securities released a research report indicating that as the performance of U.S. stocks during the domestic long holiday becomes desensitized to interest rates, investors' focus will shift to the upcoming third-quarter earnings reports of U.S. stocks starting next week.LSEG's consensus expectations show that the S&P 500's revenue and earnings growth rates for Q3 2026 are expected to reach 1.2% and 45.0% year-on-year, respectively, with a slight decline quarter-on-quarter. At the industry level, the year-on-year earnings growth rates for energy, information technology, materials, and healthcare all exceed 50%. The high growth in U.S. stock earnings may no longer be concentrated solely in leading technology companies, as the earnings contribution from non-tech sectors is significantly increasing.For Hong Kong stocks, although the overseas interest rate hike cycle combined with the restart of AI momentum trading continues to pressure liquidity, the fundamental expectations have bottomed out, and the earnings growth expectations for major broad-based indices have begun to be revised upward. The adjustment of industry earnings expectations is significantly differentiated, with some sub-sectors seeing upward revisions, while the earnings expectations for domestic demand-related industries still face downward pressure. The upcoming third-quarter performance will be an important basis for assessing the progress of recovery. We advise investors to remain patient with Hong Kong stocks, as short-term dividend strategies are expected to continue to outperform.

Strategy rarely sells 32 bitcoins, DayDayCook solely supports this week's buying

According to SoSoValue data, as of 8 AM Eastern Time on June 1, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $9.85 million, a decrease of 43.33% compared to last week.Strategy (formerly MicroStrategy) sold 32 Bitcoins last week at a price of $77,135, generating approximately $2.5 million, reducing its total holdings to 843,706 Bitcoins.The Japanese listed company Metaplanet did not purchase any Bitcoin last week.In addition, four other companies purchased Bitcoin last week. Ethereum asset company Bitmine announced on May 26 that it bought 1 Bitcoin, without disclosing the specific purchase amount, bringing its total holdings to 203 Bitcoins; Japanese food brand DayDayCook announced on May 27 that it spent approximately $10.37 million to purchase 131 Bitcoins at a price of $79,135, increasing its total holdings to 2,714 Bitcoins; UK Bitcoin company The Smarter Web Company announced on May 26 that it invested $750,000 to purchase 10 Bitcoins at a price of $74,904, and on May 29 announced an investment of $660,000 to purchase 9 Bitcoins at a price of $73,437, bringing its total holdings to 2,878 Bitcoins; French Bitcoin company Capital B announced on June 1 that it invested $300,000 to purchase 4 Bitcoins at a price of $74,890.10, increasing its total holdings to 3,139 Bitcoins.As of the time of publication, the total amount of Bitcoin held by the global listed companies (excluding mining companies) in the statistics is 1,114,182 Bitcoins, an increase of 0.01% compared to last week, with a current market value of approximately $80.46 billion, accounting for 5.6% of the circulating market value of Bitcoin.

The latest draft of the "CLARITY Act": Prohibits earning profits solely from holding stablecoins

According to CoinDesk, cryptocurrency industry practitioners saw the latest provisions regarding stablecoin yields in the revised version of the Senate's "Digital Asset Market Clarity Act" during a closed-door review meeting on Capitol Hill on Monday. The initial impression is that the relevant language is too narrow and not clear enough.The new provisions were announced last Friday by Senators Angela Alsobrooks and Thom Tillis. According to a person familiar with the current draft, the new provisions will prohibit earning yields solely from holding stablecoins, while restricting any practices that equate the program with bank deposits, and setting further limitations on other potentially allowed activities, with the specific identification mechanism for activity-based stablecoin rewards still unclear.This compromise stems from the lobbying struggle between the cryptocurrency industry and the banking sector: the banking industry insists that stablecoin rewards should not be similar to interest-bearing bank deposits, arguing that such competing products could harm the banking sector and suppress lending. The final compromise allows for reward programs based on user stablecoin activities but prohibits rewards based on balances.The closed-door review aims to push the Senate Banking Committee to schedule a hearing, which is an important step for the bill toward a full Senate vote. A similar version of the "Clarity Act" was passed in the House of Representatives last year, and another version has also passed the Senate Agriculture Committee's markup process. The advancement of the bill still faces other obstacles: all parties need to reach an agreement on the DeFi regulatory framework, and Democrats insist on including provisions that prohibit senior government officials from profiting personally from the cryptocurrency industry, a provision clearly targeting President Trump.

Dragonfly Partners: The market crash on October 11 was not solely caused by Binance and Ethena as the "single culprit," but rather a combination of multiple factors that triggered the volatility

Dragonfly managing partner Haseeb Qureshi recently published a post regarding the viewpoint that "the market crash on 10/11 was triggered by Binance and Ethena." He stated that this narrative is difficult to establish in terms of timeline, market dissemination path, and evidence. He pointed out that the price of Bitcoin had already bottomed out about 30 minutes before the anomaly in USDe appeared on Binance, indicating that the causal relationship is clearly inverted. Additionally, the deviation in USDe price only occurred on Binance and did not spread to other trading platforms, which cannot explain the large-scale liquidation across the entire market and is fundamentally different from events like Terra that caused global balance sheet shocks.Haseeb believes that a more reasonable explanation is the combination of multiple factors: Trump's tariff comments disturbed the market on Friday evening, the Binance API anomaly prevented market makers from hedging across platforms, liquidation and the ADL mechanism amplified volatility, and the lack of traditional financial-style circuit breakers and self-stabilizing mechanisms in the crypto market ultimately caused the market to evolve along an unfavorable path. He emphasized that there is no simple and conspiratorial "single culprit" for 10/11; although the market suffered a heavy blow, it has not been permanently damaged in the long run and only needs time to restore liquidity and confidence.
app_icon
ChainCatcher Building the Web3 world with innovations.