Stocks

Bitcoin fell below $66,000 on Wednesday and was last seen near $65,721, down almost 2% on the day and about 12% over the prior seven days. The move comes as investors have withdrawn nearly $4 billion from US-listed Bitcoin ETFs across the past 12 sessions and after Strategy sold about $2.5 million in BTC—32 coins out of 843,706—prompting debate over its long-standing “never sell” stance.

Broadcom said Wednesday that fiscal second-quarter revenue was $22.19 billion, slightly below expectations, sending the stock lower in extended trading. Adjusted EPS came in at $2.44 versus estimates of $2.40, and the company guided current-quarter revenue to about $29.4 billion.

Honeywell Aerospace CEO Jim Currier said the unit expects faster earnings growth as it prepares to separate from Honeywell International later this month. The company is targeting at least $6.5 billion in annual earnings and at least $4 billion in full-year free cash flow by 2030, after projecting 2026 adjusted EBIT of $4.65 billion to $4.75 billion.

Microsoft (NASDAQ: MSFT) presented its Majorana 2 quantum chip at its Build conference, saying it delivers a 1,000x jump in qubit reliability and supports a path to scalable systems by 2029. The company said parity lifetimes average about 20 seconds, with some runs reaching up to a minute, and positioned Azure Quantum as the commercialization layer for future fault-tolerant workloads.

Payward, the parent of Kraken, says it will roll out a way for Kraken users and selected xStocks partners to access tokenized allocations of U.S.-listed IPOs at the offering price in the coming weeks. Users will be able to submit a pre-listing indication of interest, then receive tokenized shares on listing day, with the tokens backed 1:1 by the underlying stock.

Strategy sold 32 BTC on June 3, 2026 for about $2.5M, a small transaction that coincided with a sharp market reaction as Bitcoin fell 3.1% to $65,391. Over the same period, nearly $4Bn was pulled from US-listed Bitcoin ETFs across the next 12 sessions, and total crypto market value was said to be down roughly $160Bn within the week. The episode revived debate over whether the sale signals a change in stance or routine treasury management.

Strategy (NASDAQ: MSTR) fell to $136.62, about 30% below its May 11 intraday peak of $197 and closing high of $195.94. The move followed the company's sale of 32 BTC worth roughly $2.5 million, as Bitcoin also declined 11.42% over the past week to $67,153 by June 3. From May 28 to June 3, 2026, the broader crypto market lost $170 billion in total capitalization.

SpaceX is seeking underwriting fees below 0.75% for an IPO that aims to raise about $75 billion, a structure that would still leave banks expecting roughly $500 million in total fees. The Nasdaq roadshow is set to start on June 4, with pricing planned for June 11 and a targeted listing on June 12 under ticker SPCX.

Marvell Technology (MRVL) exploded 32.52% today to $290.79 following massive AI endorsements. Discover what Marvell does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.

Meta Description: Micron Technology (MU) rose 2.84% today to $1,064.10 amid massive analyst upgrades and memory demand. Discover what Micron does, the drivers behind today’s rally, the 2026 price outlook, and why traders are turning to BingX.