Analysts expect Micron to report about 263% year-over-year revenue growth when it releases fiscal third-quarter earnings on June 24. According to NS3.AI, Micron has guided for $33.5 billion in revenue, while the Wall Street consensus estimate stands at $33.8 billion.

Abra CEO Bill Barhydt said Wall Street’s next major crypto narrative is tokenization, as the firm prepares for a Nasdaq debut. In an interview, according to CoinDesk, Abra plans to go public via a merger with SPAC New Providence Acquisition Corp. III in a deal announced in March valuing Abra at $750 million; the combined company would be renamed Abra Financial Inc. and list on Nasdaq under ticker ABRX, subject to regulatory approvals and SEC approval. Abra plans to launch BTCAF, a yield-bearing bitcoin product, after demand for its USDAF tokenized dollar offering, and is expanding onchain lending against bitcoin, ether (ETH) and solana (SOL).

Nvidia CEO Jensen Huang said the company’s new Vera central processing unit will use memory chips from SK Hynix, and the two companies expect to expand cooperation over the next year. According to ChainCatcher, Huang told reporters on Sunday in Seoul that he had dinner the same day with SK Group Chairman Chey Tae-won, SK Hynix CEO Kwak Noh-jung, and SK Telecom executives. Huang said Nvidia’s collaboration with SK Hynix has been large this year and that the companies are preparing for broader cooperation in the second half of this year and next year. Huang said the Vera CPU will use SK Hynix DRAM. He described Vera as Nvidia’s first standalone data center microprocessor, positioning it against Intel’s Xeon line, AMD’s EPYC chips, and in-house server chips such as Amazon’s Graviton. Huang arrived in South Korea on Friday to visit partners and suppliers and said he planned to meet Samsung Electronics Vice Chairman Jun Young-hyun on Monday, along with executives from Hyundai Motor Group and LG Group. He also said Nvidia is in discussions with telecommunications companies about using future telecom networks for artificial intelligence applications.

Garrett Jin, described as an agent of the “1011 insider whale,” has fully closed a previously opened 3x leveraged ZEC short position after ZEC rebounded in price. According to Odaily, Hyperbot data shows Jin still holds a 5x leveraged Bitcoin long position totaling 1,268.33487 BTC, with a liquidation price of $40,951. The data indicates the overall position is showing an unrealized loss of $17.925 million, with a return on investment of -114.01%.

A Cathay Haitong research note said stronger-than-expected U.S. nonfarm payrolls data for May signaled a stabilizing and improving labor market, prompting markets to price in higher odds of interest-rate hikes and triggering a broad repricing of assets. According to ChainCatcher, the note said the U.S. dollar strengthened, U.S. Treasury yields jumped, U.S. equities fell sharply, and gold weakened. Cathay Haitong added that divisions remain within the Federal Reserve, and it expects the Fed may still avoid raising rates within the year. However, it warned that markets in June could face a liquidity shock, and U.S. stocks may enter a volatility period lasting at least one to two months.

Trader Eugene said he has recently exited cryptocurrency trading and will shift his main focus to the stock market. According to Odaily, he wrote on his personal channel that he finds the stock market more intellectually challenging and sees greater potential in trading and investment opportunities. Eugene said he expects to remain an observer of the crypto market for the foreseeable future and would only consider returning if a significant risk-reward opportunity emerges. He also expressed a cautious view toward Strategy (MSTR) and Michael Saylor, saying a recent Bitcoin sale may be only the beginning of broader issues and that selling Bitcoin merely delayed their emergence. Eugene added that Bitcoin’s long-term upside remains influenced by MSTR and said he finds it difficult to get involved before the two decouple. He said he does not plan to try to buy the dip and will continue to watch for a short-term market bottom.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, mining information, project updates, technological advancements, and other industry dynamics.

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On June 6, the New York Knicks, playing away, narrowly defeated the San Antonio Spurs 105-104 in Game 2 of the NBA Finals. The Knicks, not considered favorites before the Finals began, beat the Spurs 105-95 in their opening game on the road.

SpaceX has signed computing power leasing agreements with Anthropic (US$1.25 billion per month) and Google (US$920 million per month).

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This week, 12 blockchain startups completed funding rounds, raising a total of $73.8 million. SignalPlus raised $50 million, the largest funding round of the week.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 3082, providing you with the latest and fastest news on the digital currency and blockchain industry.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, market and contract data, mining information, project updates, technological advancements, and other industry dynamics.