BREAKING: 🇺🇸 Crypto exchange OKX files with the SEC to launch tokenized US stock trading.
One of the first major crypto exchanges to use new US rules allowing tokenized public-company shares on crypto platforms.
Memory revenue is expected to jump to ~$1.5T in 2027 before barely growing to ~$1.6T in 2028 even as Micron says supply gets tighter through 2028.
If cleanroom shortages keep supply constrained then those 2028 estimates look too low across $MU and $SKHY on HBM and DRAM and $SNDK on enterprise SSDs as AI storage demand keeps climbing.
BREAKING: President Trump says higher US inflation will "pay off" US debt "very rapidly" in response to total US debt rising above $40 trillion.
"I know I'm the best in the world... you can pay off the debt through other means. But the one thing that you can do is pay it off through growth, and we've never had growth like this," Trump said.
US Treasury yields hit a new high of the day after the statement.
🇺🇸 JUST IN: SEC Chair Paul Atkins says proposed crypto custody rules would give investment advisers and funds a clear path to hold crypto legally, with more regulatory proposals on the horizon.
$550 billion has been wiped out from US stocks in the last 45 minutes.
Reasons:
1. US 10-year, 20-year, and 30-year Treasury yields all just hit a new 24-year high.
2. US Manufacturing PMI also came in below expectations.
Can’t stop won’t stop
I would have thought it would have taken us until year end to get to 5.25% on the 10 year yield but here we are
Next stop 5.50%?
Trump is not listening to the bond market. He’s not even acknowledging or doing anything to appease them.
Big mistake