Coinbase Gains 11% on Senate Stablecoin Legislation

5 articles I'm watching carefully

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Tyler Dupont
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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Coinbase Gains 11% on Senate Stablecoin Legislation

Coinbase (COIN) surged 11%, leading S&P 500 gainers after the Senate passed the GENIUS Act—marking the first major U.S. regulatory step on stablecoins. The bill’s potential to legitimize crypto use boosted investor sentiment toward digital asset equities.

TMC Soars on Warrant Amendment and $85M Korea Zinc Deal

TMC shares jumped 24% after amending terms on 9.95M Class B warrants to allow cashless exercise, easing dilution fears. The move follows an $85.2M investment from Korea Zinc, which includes 6.9M warrants at $7/share, boosting confidence in TMC’s capital outlook.

Marvell Ups AI Chip Market Forecast, Shares Jump 7%

Marvell raised its 2028 custom AI chip market estimate to $55B from $43B, with a 20% share target. It also boosted its total data center chip TAM to $94B. Stock rose 7.1% after BofA hiked the price target to 90, citing strong AI-driven momentum and 18 new chip wins.

🪙 Crypto

DOJ Seizes $225M in Crypto Linked to Investment Fraud

The DOJ filed a civil forfeiture to seize $225.3M in crypto tied to fraudulent investment schemes targeting 400+ victims. The FBI and Secret Service found crypto used to launder stolen funds. Crypto fraud losses hit $9.3B in 2024, up 66% YoY.

🌎 Global Economy

Markets shrug off Iran crisis, but risks echo past oil shocks

Oil rose ~$10 to $75 amid Israel–Iran conflict, but markets remain calm. Iran accounts for just 4% of global oil output. Closure of Hormuz could push prices >$100. Analysts warn risks are understated, drawing parallels to 1970s–90s oil shocks.

Final Chance to Own a Piece of Virtuix

Virtuix is redefining the future of immersive entertainment — and time is running out to join in. Its flagship “Omni” treadmill lets users physically walk and run in 360 degrees through virtual worlds, with real-world applications across gaming, fitness, and military training.

$18M+ in product sales
400K+ registered players
4X revenue growth in the last fiscal year
Backed by $40M+ from top investors, including Shark Tank’s Kevin O’Leary

With over $2.7M raised in this round, investor demand is accelerating — but the raise closes June 20.

This is your final chance to back one of the most exciting players in the VR space.

This Reg CF offering is made available through StartEngine Primary, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

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