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CLOSING BELL
Searing Market Meets Short With Crypto News

The market closed at yet another record, ending the second quarter with a massive 10% climb for the S&P 500. For the past 75+ years, the stock market has returned an average of about 10% every year, according to NYU Stern. To have such a climb in such a short time is abnormal to say the least, but it can be argued that’s what happens when you mess with a roaring tech boom with self-harming trade talks.

Speaking of messing with things, Treasury Secretary Scott Bessent warned that countries failing to reach trade deals with the U.S. by July 9 could face a return to steep “Liberation Day” tariffs imposed in April. Remember, the climbing market came after a 90-day pause for self-imposed worldwide tariffs. Prices fell 14% at the greatest pullback, almost ending the market’s bull run, and Bessent warned some nations have little more than a week to figure out where they stand before the pause ends, if it ends. 👀

Today's issue covers fintech summer prints more news as Robinhood adds tokenized stock trading, Apple might use someone else’s AI, and more. 📰

With the final numbers for indexes and the ETFs that track them, 8 of 11 sectors closed green, with tech $XLK ( ▲ 0.23% ) leading and energy $XLE ( ▼ 0.38% ) lagging.

S&P 500 $SPY ( ▲ 0.42% ) 6,204

Nasdaq 100 $QQQ ( ▲ 0.24% ) 22,679

Russell 2000 $IWM ( ▲ 0.37% ) 2,175

Dow Jones $DIA ( ▲ 0.43% ) 44,094

STOCKS
Fintech Summer Claims Another, Crypto News Pops Like It’s 2021 🪙 

Whether it’s the weather in Fidi, positive regulatory updates, or lack of SEC oversight (crypto heads would say overreach), Fintech and crypto have the ‘we’re so back feeling as June comes to a close. Two major developments hit on Monday, as fintech summer rages on.

At a flashy, high-level-looking French venue in Cannes, Robinhood announced new crypto products for its EU and global customers. For the EU, Robinhood launched tokenized U.S. stock assets to let EU customers invest in Nvidia by way of a zero-commission crypto-like buying experience, issued on Arbitrum. The stock hit an all time high on the news $HOOD ( ▲ 2.87% ).

In the future, the firm hopes to issue tokens on its own Robinhood blockchain, but it’s still in the works. The firm also launched crypto staking in the U.S. The firm issued token shares of pre IPO firms SpaceX and OpenAI, something Republic started doing just last week. 👛 

Of course, nowhere in the firm’s terms of service does it state you actually, ya know, own shares of U.S.-based stocks when you buy tokens, but hey, not your keys not your coins, amiright?

In truth, it is not totally unlike buying ADRs of foreign certificates for shares in overseas firms like $BABA ( ▼ 0.92% ), and how many people actually ask for delivery of their stock shares in the first place?

In other crypto news, BitMine stock more than tripled after raising $250M in a private placement to fund an Ethereum treasury strategy, shifting from Bitcoin and tapping into DeFi and staking opportunities. The firm appointed Tom Lee as chairman of the board of directors.

The news follows a rash of bitcoin and crypto treasury firms trading in public markets, after the success of the $MSTR ( ▼ 2.18% ) strategy of issuing shares to sell to raise money for crypto purchases, and rinse and repeat.

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COMPANY NEWS
AI, More Like May I Have Some More? 🤖 

Toward the end of the trading day, Bloomberg reported Apple is considering replacing its in-house AI for Siri with Anthropic’s Claude or OpenAI’s ChatGPT after internal models failed to meet expectations. Read more

The news sent the stock higher, after a year-long wait for a better Siri voice assistant turned into a longer wait, when the firm pushed updates about its in-house AI work even further along. The lack of updates disappointed tech fans watching its WWDC25 event for updates two weeks ago.

It’s not huge news AI development-wise, the report found Apple devs had asked OpenAI and Anthropic for access to run some tests on Apple’s cloud infrastructure. If Apple moves ahead with a ‘let someone else deal with the LLM’ plan, it would resemble Siri, but utilize someone else’s model to answer questions, which Apple already enables for some Web-based inquiries.

In related AI news, Mark Zuckerberg launched Meta Superintelligence Labs, a new AI division led by Alexandr Wang and Nat Friedman, to unify Meta’s foundation model and FAIR teams in pursuit of building personal superintelligence.

The firm's stock hit an all-time high $META ( ▼ 0.3% ) , and the news comes a couple of weeks after Meta said it would hire Scale AI Chief Alexandr Wang and deploy $14.3B into the data labeling startup. 🤑 

POPS & DROPS
Top Stocktwits News Stories 🗞️ 

Hyatt agreed to sell 15 Playa-owned resorts to Tortuga Resorts for $2B, transforming its acquisition into a fully asset-light deal while retaining 50-year management contracts for 13 properties. Read more

Palantir and Accenture Federal Services formed a strategic partnership to modernize U.S. government operations with AI, training 1,000 staff on Palantir’s platforms and co-developing tools for data fusion, supply chains, and financial intelligence. Read more

Oracle stock jumped nearly 8% after revealing a $30B-per-year cloud services deal set to begin in fiscal 2028, marking a major win in the AI infrastructure race. Read more

Snapchat was sued by the State of Utah for allegedly preying on teens with addictive features, facilitating sextortion and drug trafficking, and violating children’s privacy laws. Read more

INmune Bio stock plunged nearly 60% after its Alzheimer’s drug XPro failed to meet the primary cognitive endpoint in a mid-stage trial, though a subgroup with inflammation biomarkers showed some benefit. Read more

Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️ 

STOCKTWITS EDGE INSIGHTS
Stocktwits Users Bet This $BULL Will Run 🐂 

Robinhood outlined its next steps in the crypto arms race, sending its shares to a new all-time high. Other crypto-linked stocks, like Coinbase, have also soared recently, while laggards like SoFi Technologies have risen to 3.5-year highs.

With this theme roaring, the Stocktwits community is making a bet that Webull ($BULL) will play catch-up. Since mid-June, prices have stabilized, and Stocktwits sentiment and message volume have improved materially. Sentiment is now ‘extremely bullish,’ sitting at its highest level of its post-IPO period. 🤩 

From a technical perspective, shares closed at a one-month high, indicating they’re regaining momentum. This, combined with improving sentiment, has the Stocktwits community focused on this stock in the coming weeks. 🧐 

To watch how this setup develops, add $BULL to your Stocktwits watchlist. And to monitor these types of setups in real time for yourself, subscribe to Stocktwits Edge to unlock all the historical sentiment data for equities and crypto. 🔓️ 

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data:  Fed Chair Powell Speaks (9:30 AM), S&P Global Manufacturing PMI, ISM Manufacturing Employment (Jun) (10:00 AM), ISM Manufacturing JOLTS Job Openings (May) (10:00 AM), Atlanta Fed GDPNow (Q2) (1:00 PM), 📊

Pre-Market Earnings: MSC Industrial Direct Co ($MSM). 🛏️

After-Hour Earnings: Constellation Brands ($STZ) and Greenbrier Companies ($GBX). 🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

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👀 Home Depot Wins Bidding War to Buy GMS for $4.3 Billion

⚠️ Boeing and GE Shares Climb as 787 Black Boxes Yield Clues

📺️ Senate Starts Marathon of Votes as GOP Works to Pass Megabill

😨 Musk shreds Trump’s tax bill as ‘DEBT SLAVERY,’ vows to unseat Republicans who back it

🧬 Judge OKs sale of 23andMe — and its trove of DNA data — to a nonprofit led by its founder

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

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