AI stocks are getting dumped ahead of the SpaceX IPO tomorrow.
Google, Microsoft, Meta and Oracle are dragging the entire S&P 500 lower today.
Over $200 BILLION has already been wiped out from just these 4 stocks alone.
NASDAQ is still up over 1%. But SPX is barely green.
Looks like money is rotating out of crowded AI trades and into the biggest IPO FOMO event Wall Street has seen in years.
🚨🇯🇵 Japan’s stock market is exploding into smithereens: Nikkei plunged 4.2%!!!
¥48.3T (that's equivalent to $335B), wiped out in a single day
Japanese tech giants like Tokyo Electron, SoftBank, and Advantest were absolutely crushed.
Talk about a correction after a massive run.
Source: @BullTheoryio / Writers: Claudio, Oliver
BREAKING.: Biggest privacy token $ZEC crashed over -50% in the last 24 hours and wiped out $5 Billion from its market cap.
The flaw was hidden inside Zcash's Orchard privacy pool since May 2022 and remained undetected for nearly 4 years despite multiple security audits.
Security researcher Taylor Hornby reportedly used Claude Opus 4.8 AI model to build a working proof-of-concept that successfully generated counterfeit ZEC in local testing on May 29.
Although the bug has now been patched on June 2, The issue is that Zcash's privacy design makes it impossible to know if any fake ZEC was minted before the fix. Unlike Bitcoin, where anyone can verify the supply, Zcash's privacy design makes it impossible to audit whether fake coins were secretly minted before the fix.
The team denies any fake ZEC was minted, but traders are selling on the fear alone. Imagine someone secretly adding extra chips to a casino, but because of the way the system works, neither the casino nor the players could tell which chips were real and which were fake.
Shielded Labs is exploring a proposed Network Upgrade to allow anyone to verify the integrity of Zcash supply.
Anthropic just proposed a global system to pause AI research to keep the world safe.
They believe society isn't ready for how fast Claude and other AI is advancing and that putting a global speed limit on frontier research may one day be necessary.
🚨JUST IN: Kuwait says Iranian drones and missiles hit Kuwait International Airport, causing significant damage and injuries.
ALL flights are now suspended.
Red sprites reportedly spotted over Tibet
These mysterious flashes appear high above thunderstorms and last only milliseconds, making them extremely difficult to film
🇺🇸🇮🇱 Trump allegedly told Netanyahu: "You're f**king crazy."
If true, that's a full break between 2 men who spent years projecting an unbreakable alliance to the world.
The timing matters. The frustration has been building for weeks.
BREAKING: Iran stops indirect talks with the US, local news reports.
The move follows alleged violations of ceasefire conditions by Israel over Gaza and Lebanon.
Iran has also signalled plans to fully block the Strait of Hormuz and activate other fronts, including the Bab al-Mandeb Strait.
Bitcoin remains below $72K on the news, its lowest level since April 13.
Meanwhile, oil has hit an intraday high, with Brent above $96 per barrel.
BREAKING: Iran announces it is ending all negotiations with the US and vows to "completely" block the Strait of Hormuz, per CNBC.
Iran says it is ending negotiations due to repeated ceasefire violations including Israeli strikes in Lebanon.
Iran also threatens to block the Bab el-Mandeb Strait.
🚨HUGE: Nvidia has officially launched its N1X, marking its debut in the Windows PC processor market, challenging Intel, AMD, Apple and Qualcomm.
“This reinvention of the computer is as big of a deal as the reinvention of the phone into what we now know as the smartphone,” CEO Jensen Huang said.
🇺🇸 Hollywood spent 20 years trying to figure out what Gen Z wants.
Two YouTubers just answered for them.
Kane Parsons made a horror film for $10 million. It pulled $81.5 million in three days and beat Star Wars at the box office in its second weekend.
Curry Barker is 26. His film cost less than $1 million to produce. It made $26.4 million this weekend.
The studios with their $200M budgets, their focus groups, their IP franchises. outdrawn by 2 guys who learned filmmaking on YouTube.
Gen Z doesn't have a short attention span. They just have zero patience for content that insults their intelligence.
Source: NBC News
🇺🇸 Bezos spent years building a rocket to launch Amazon's internet satellite network.
Last night, Blue Origin's New Glenn rocket blew up its only launchpad.
The fireball badly damaged the pad and equipment.
Rocket science is hard, indeed.