Serenity, known online as the “white-haired stock guru,” said that original investment ideas often face strong early opposition, but that markets ultimately determine whether a thesis is right or wrong. According to Odaily, Serenity wrote on X that several of his past stock views were heavily criticized at first, including AXTI, which he said was labeled a “scam company” and led to his related discussions being banned on Reddit’s WallStreetBets forum. He added that AXTI later received Reuters coverage and that company performance in the indium phosphide (InP substrate) wafer industry, along with validation from institutional investors, supported his logic. Serenity also cited RPI, which he said was initially dismissed as a “meme stock” and viewed by analysts as lacking fundamentals, but later financial reports showed an expected 58% increase in future revenue growth and the company was re-evaluated as a high-growth AI hardware firm. He pointed to SIVE as another example, saying it was widely seen as a “meme stock” before gaining institutional buying support and attention from firms including Fidelity Research and JPMorgan Chase, and later announcing partnerships with companies such as Jabil and GlobalFoundries. Serenity said that “the market will ultimately decide what is right or wrong,” rather than angry comments or posts on X. He also listed other cases he said were previously questioned but later gained market recognition, including AAOI around $30, LITE at $300, RKLB at $20, HOOD at $20 following criticism tied to GameStop trading restrictions, IQE as a small U.K. company seen as lacking photonics partnerships, SOI as overvalued in the view of European bank analysts, NBIS as lacking competitive barriers, INTC as unable to compete with TSMC, MRVL amid concerns Broadcom would take ASIC market share, AEHR after what he described as a market misreading of earnings, and EWY amid claims of a bubble in South Korea’s semiconductor cycle.

An NFT-born franchise is bringing its Vibes Series 3 trading cards to Target stores across the United States as it expands into physical products and broader retail distribution. According to Cointelegraph, the move marks the franchise’s push beyond its digital origins by placing its latest trading card series in a major national retailer, signaling a continued effort to reach mainstream shoppers through in-store availability. The report said the rollout involves Vibes Series 3 trading cards being stocked at Target locations nationwide, reflecting the franchise’s strategy to grow its presence through physical merchandise. Cointelegraph described the expansion as part of a broader shift into tangible products and mainstream retail channels, positioning the trading cards as a key step in that direction while maintaining the franchise’s roots in NFTs.

Michael Saylor used a social media post Friday to draw a direct comparison between Strategy's current financial position and a considerably more precarious moment in October 2022 — offering context for investors concerned about the company's capital structure following this week's STRC selloff.The 2022 comparison: when debt exceeded reservesSaylor recalled giving a speech in October 2022, when Bitcoin traded near $20,000 and Strategy held 130,000 BTC worth approximately $2.6 billion, with MSTR's split-adjusted stock price around $24. Weeks later, Bitcoin fell below $16,000, and Strategy's total debt briefly exceeded the combined value of its Bitcoin holdings and cash reserves by approximately $300 million. MSTR's stock price fell to around $13 by year-end — a genuinely distressed moment for the company, occurring during the depths of the 2022 bear market that followed the FTX collapse.Where Strategy stands todaySaylor's point in revisiting that period is to frame Strategy's current position by contrast. Since 2022, the company has raised over $60 billion — capital used entirely to increase its Bitcoin holdings, adding more than 716,000 BTC to its treasury. Today, Strategy's combined Bitcoin and dollar reserves exceed its total debt by approximately $48 billion — a swing of roughly $48.3 billion in the reserves-minus-debt position compared to the 2022 deficit."Thank you to everyone who believes in Strategy, stays with us, and takes a long-term perspective," Saylor wrote.Context: this follows the week's STRC turmoilThe timing of Saylor's post is notable. It arrives directly following the week's most significant stress test of Strategy's capital structure — STRC's collapse to as low as $82.50 on Thursday, which Strive CEO Matt Cole characterized as a "leverage liquidation event" rather than a credit deterioration. STRC closed the week at $88.62, still meaningfully below its approximately $100 par value, after the company announced it could sustain dividend payments for 32 years through Bitcoin sales in an apparent attempt to reassure markets about the structure's long-term viability.Saylor's own initial response to the STRC selloff on Friday had been notably brief: "Markets are closed today. Volatility is never easy. Bitcoin keeps working. So do we." This follow-up post represents a more substantive defense of the company's financial position, using historical context rather than forward-looking reassurances.Why the $48 billion figure mattersThe comparison directly addresses the core concern that has driven market anxiety this week — the fear, as Marex analysts put it, that "the market is now openly pricing the tail that Strategy has to sell coins to defend the structure." Saylor's framing argues that even accounting for STRC's preferred dividend obligations and the company's total debt load, Strategy's asset base provides a substantial $48 billion buffer — a figure that, if accurate, suggests the company is far from the kind of position it found itself in briefly during 2022, when debt actually exceeded combined reserves.The contrast with 2022 is instructive but not a complete reassurance. In 2022, Strategy's debt-exceeding-reserves moment resolved itself as Bitcoin recovered and the company continued its accumulation strategy uninterrupted — the company never was forced into distressed Bitcoin sales despite the brief negative equity position. Saylor's implicit argument is that the current situation, with $48 billion of positive buffer rather than a $300 million deficit, is structurally far more secure than the 2022 episode that ultimately resolved without incident.What remains unresolvedThe $48 billion reserves-over-debt figure addresses balance sheet solvency, but it does not directly resolve the more immediate liquidity question that triggered this week's STRC selloff: whether Strategy has sufficient near-term cash flow to meet its semi-monthly preferred dividend obligations without selling Bitcoin, given that the company already sold 32 BTC in late May specifically to fund a dividend payment. The $1.1 billion USD reserve built up over recent weeks is the more directly relevant buffer for that near-term liquidity question, separate from the longer-term solvency picture Saylor's $48 billion figure addresses.With STRC closing the week at $88.62 — still 11% below par — the market's verdict on whether Saylor's reassurance fully resolves the structural concerns raised by Marex, Cole, and others remains a question for the coming week's trading, particularly as Strategy's next scheduled dividend record dates (June 30 and ongoing semi-monthly thereafter) approach.

The US Securities and Exchange Commission is preparing to introduce a new policy that would allow crypto companies to offer blockchain-based tokenized stock trading, according to a Reuters report — a development that could have significant implications for the structure of traditional US equity markets if implemented. What's being proposed According to SEC Chairman Paul Atkins, companies would be permitted to experiment with new digital asset business models, including the tokenization of US stocks, without fully complying with existing disclosure and investor protection rules. This experimental, lighter-touch regulatory approach would represent a significant departure from how equity trading has traditionally been regulated in the US, potentially allowing crypto-native platforms to offer stock exposure through blockchain rails alongside or in competition with traditional exchanges. Industry pushback: Citadel Securities and SIFMA raise concerns The proposal has already drawn opposition from established financial market participants. Citadel Securities and SIFMA — the Securities Industry and Financial Markets Association, representing broker-dealers, banks, and asset managers — have argued that the changes could divert liquidity away from traditional markets and create regulatory arbitrage risks, where tokenized stock platforms could operate under lighter compliance burdens than traditional exchanges and broker-dealers while competing for the same order flow. The regulatory arbitrage concern is a familiar one in financial market structure debates: if tokenized stock platforms can offer similar economic exposure to traditional equities with fewer disclosure and investor protection requirements, market participants may migrate toward the less-regulated venue, potentially undermining the protections that traditional securities regulation has built over decades — or alternatively, creating genuine innovation and efficiency gains that benefit investors through lower costs and faster settlement. As of the report, the SEC has not made any public comments on the matter. Why this matters for crypto markets This development would represent a significant acceleration of the "Great Convergence" theme that BlackRock's Jay Jacobs described earlier this week — the merging of traditional finance and crypto infrastructure. It also builds directly on momentum already visible in the market: Kraken's xStocks platform has processed more than $25 billion in cumulative tokenized equity trading volume within eight months of launch, including tokenized access to SpaceX shares ahead of its traditional IPO. Ondo Global Markets has surpassed $1 billion in total value locked offering tokenized stocks and ETFs. Pre-IPO perpetual futures volumes have surged from $1 billion to $22 billion in weeks, with Binance establishing itself as the largest venue. SEC approval of a formal framework for tokenized stock trading — rather than the current patchwork of offshore and crypto-native platforms operating in regulatory gray areas — would provide the legitimacy and regulatory clarity that could dramatically accelerate institutional and retail adoption of tokenized equities. It would also validate Standard Chartered's Geoffrey Kendrick's investment thesis behind his $100 UNI price target, which rests specifically on tokenized real-world assets flooding into DeFi protocols as the category matures and gains regulatory acceptance. For traditional market structure, the implications are genuinely significant. If tokenized stocks can trade 24/7 on blockchain rails with faster settlement than the traditional T+1 system, and if crypto-native platforms can offer this with lower compliance overhead, the liquidity migration concerns raised by Citadel Securities and SIFMA may prove well-founded — representing a genuine threat to the economics of traditional market-making and exchange operations that have been built around current regulatory structures.

Pudgy Penguins has launched Vibes Series 3 at Target stores across the United States, marking the trading card game’s largest retail expansion. According to NS3.AI, the rollout brings the total number of circulated cards to 15 million. The new set introduces additional gameplay mechanics and original artwork, and it also includes Moonbirds characters.

The primary challenge facing Warsh upon assuming the chairmanship of the Federal Reserve was not whether interest rates should rise or fall, but a more fundamental question: what kind of boom is the current AI boom? This judgment will determine the Fed's policy direction and define Warsh's historical standing.

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.

Google is providing guarantees for its data centers to boost sales of its self-developed chips and is vying for computing power customers with an $85 billion funding plan. Broadcom has partnered with Apollo and Blackstone to establish a $35 billion AI computing power platform and is providing credit backing.

AllianceDAO, Cursor, Project, A Letter from Alliance Founders to Entrepreneurs: Written on the Occasion of Cursor's $60 Billion Sale. Golden Finance: Great companies are those that persevere before they become obvious.

Deutsche Bank believes that AI's structural demand for high-bandwidth storage (HBM) is squeezing traditional production capacity, and the supply gap is unlikely to be closed before 2027.

The expansion is lowering short-term costs and amplifying Ethereum's settlement network effect.

He said the company responded quickly and responsibly after the U.S. government expressed its concerns; he would not shut down the company, but was unsure whether it would be necessary to use the emergency powers granted by law to intervene.

Market data, BTC, stock price plunges 32% in one month: What happened to the company holding the most Bitcoin globally? Jinse Finance, stock price drops 30% in one month, not a fatal flaw.

400,000 sessions show that AI has lowered the barrier to programming and amplified the value of domain judgment.

In search of new growth curves, more and more mining companies are accelerating their entry into the AI ​​field. This transformation narrative has quickly gained favor from the capital market, and the stock prices of many mining companies have risen sharply, even hitting new historical highs.