Citi has updated its financial model for CATL following the company's first-quarter results, raising its earnings forecasts for the fiscal years 2026 to 2028 by 9%, 9%, and 7% to RMB 103 billion, RMB 126 billion, and RMB 149 billion, respectively. According to Jin10, despite a decrease in unit gross profit forecasts, Citi has increased its battery sales projections, expecting CATL's battery production and sales to reach milestones of 1.2 and 1.0 terawatt-hours (TWh) in fiscal year 2026, representing annual growth of 61% and 54%, respectively. Citi anticipates that CATL's battery production and shipments will remain strong in the second half of the year, with energy storage systems (ESS) demand being a highlight. The bank also noted that short-term lithium carbonate prices above RMB 200,000 per ton will not destroy demand; instead, higher lithium prices will be a testament to solid demand. Citi forecasts that CATL's net profit for the second quarter of fiscal year 2026 will reach RMB 24.3 billion, with battery sales of 260 gigawatt-hours, reflecting a 77% year-on-year increase and a 29% quarterly rise. Citi has raised its target price for CATL's H-shares from HKD 621 to HKD 888, maintaining a 'buy' rating and continuing to list it as the 'top pick' in the sector. The new target price for H-shares corresponds to a projected price-to-earnings ratio of 34.3 times and a price-to-book ratio of 8.7 times for fiscal year 2026.

Jacki McGavick has joined the prediction market platform Kalshi. According to NS3.AI, McGavick announced her new role on X, marking a significant addition to the Kalshi team.

Dani Lever, the former Director of Public Affairs and Communications at Meta, is set to join Kalshi as the Head of Communications. According to Foresight News, Lever has previously worked in the New York Governor's Office and at Meta, focusing on public discussions in politics, technology, and culture. Lever noted that prediction markets have become a central topic today, and Kalshi, as the first federally regulated prediction market exchange in the U.S., is positioned at the intersection of politics, technology, and culture.

On June 5, Forward Industries, a company managing SOL treasury, reported substantial losses in its SOL holdings. According to BlockBeats On-chain Detection, the company has experienced a floating loss of nearly $1.13 billion. After a month of inactivity, Forward Industries deposited 455,784 SOL into a centralized exchange, valued at approximately $31.87 million. Since initiating its Solana treasury strategy in September 2025, Forward Industries has invested around $1.59 billion to acquire 6.83 million SOL, with an average purchase price of $232.08 per SOL. Currently, the value of its 6.83 million SOL holdings is approximately $458.6 million.

SpaceX will launch its initial public offering on Nasdaq on June 12, aiming to raise at least $75bn in what would be the largest public share sale ever, according to BBC. The company expects to price 550 million shares at $135 each, implying a valuation of about $1.75tn and placing it among the top ten largest US-listed firms. Musk will retain more than 80% of voting power post-IPO. The prospectus discloses last year's revenue of $18.6bn against a net loss of $4.9bn and warns the company "may not achieve profitability in the future." The IPO proceeds are earmarked for expansion of existing operations and future ventures including asteroid mining, Mars colonisation and space-based AI data centres. The offering is the first of three AI-related mega-listings expected this year, with Anthropic and OpenAI to follow.

A security vulnerability has been discovered in Zcash that allows for the unlimited forgery of ZECs. Notably, this vulnerability was discovered using the latest large model, Claude Opus 4.8. Furthermore, this vulnerability has existed for four years.

Ripple's XRP marked its 14th anniversary with a sharp sell-off that pushed the token to its lowest price in months, wiping billions from its market capitalization and raising fresh concerns about the strength of its recent recovery.

Singapore police prevented over $4.2 million in scam losses by working with crypto exchanges to warn victims before they sent money. Using blockchain tools and exchange data, officers made 145 interventions across impersonation, investment, job and romance scams.

With the Federal Reserve's June policy meeting fast approaching, the May US non-farm payroll report is the final major variable. If the non-farm payroll data is also positive, expectations of "high interest rates remaining for a longer period" may be further strengthened.

The significance of Circle CEO Jeremy Allaire's AMA has gone beyond that of a typical Q&A session with investors of a listed company.

Artificial intelligence, chips, US stocks, Nasdaq, Broadcom, which sits at the same table as Nvidia, plummeted, dragging down tech stocks. (Jinse Finance)

Strategy sold Bitcoin in May, a claim denied by the Polymarket platform. When the settlement results of prediction markets deviate from the actual facts, the product no longer prices itself around the event, but instead begins to bet on how the platform interprets its own rules.

Future practitioners will need a dual perspective: understanding both the cost structure and pricing logic of AI Tokens as "intelligent fuel" and the rights design and asset attributes of blockchain Tokens as "value carriers".

Cryptocurrency exchanges' move to offer US stock trading is a desperate self-rescue measure in the current market downturn, but it faces issues such as capital drain and compliance pressures, which will temporarily affect the pace of the crypto market's recovery. However, from a long-term perspective, it represents a paradigm shift for the industry.

Ethereum's value lies not only in being faster and cheaper, but also in preserving a verifiable, exitable, and self-controlled technological foundation for users.