24/7 News

According to MSX.COM data, US-listed quantum computing concept stocks rose. ServiceNow gained over 8%, IBM rose over 4%, and Oracle gained over 2%.
Dell shares surged 35% in early trading, marking its biggest gain since 2024; multiple investment banks doubled their price targets for Dell.
AI application software stocks rallied broadly in early trading. Asana surged over 15%, Atlassian rose over 7%, MongoDB and Salesforce gained over 5%, while Palantir and Workday rose nearly 4%.

According to latest data from Gate, gold prices have risen to $4,529.55 per ounce, up 0.71% intraday. Silver prices have increased to $75.785 per ounce, up 1.03% intraday.
BVIX (BTC Volatility Index) is currently quoted at 37.8, up 0.4% intraday. EVIX (ETH Volatility Index) is currently quoted at 50.4, down 1.18% intraday.
In the foreign exchange market, the offshore Chinese yuan (USD/CNH) fell 0.13% intraday, with the current exchange rate at 6.76373. The US dollar against the Japanese yen (USD/JPY) rose 0.04% intraday, with the current exchange rate at 159.275.
In global stock indices, the Euro Stoxx 50 (EUSTX50) remained flat intraday at 6,065.24 points; the UK FTSE 100 (UK100) rose 0.35% intraday to 10,441.4 points; the German DAX 40 (GER40) fell 0.05% intraday to 25,076.3 points.
In commodities, WTI crude oil fell 1.13% intraday to $90.46 per barrel. Brent crude oil fell 1.24% intraday to $94.3 per barrel.
Gate supports users in directly trading traditional financial market products on its platform, offering a one-stop coverage of assets including precious metals, foreign exchange, global stock Contracts for Difference (CFDs), major indices, and commodities, achieving deep integration between crypto assets and traditional financial assets. Gate's TradFi functionalities are now fully integrated into the Gate App and Web platform. Users can conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market, and continuously enhancing their multi-asset allocation experience.

Svmuureports that Polymarket stated the CLOB API is currently under maintenance, impacting trading functionality. The project team has identified the CLOB issue affecting trades and will restart the CLOB at 21:10 today to deploy the fix. During this period, there may be a brief window where matching is temporarily unavailable or only order placement is allowed. Other services including the website, Markets API, Polygon RPC, user authentication, and Sports API will remain operational.

Svmuu reports that BIT has pointed out that the market is repricing around SpaceX's potential largest-ever IPO, with a target valuation of approximately $1.75 trillion. However, expectations in the secondary market have already been revised upwards to around $2.3 trillion, corresponding to a premium of approximately 34% on the Pre-IPO contracts traded on Binance and Hyperliquid.
The market pricing logic has shifted from a "rocket company" to an "AI + Global Connectivity + Space Infrastructure Platform." As SpaceX integrates into the xAI asset system, its total addressable market (TAM) has expanded to approximately $28.5 trillion. This includes an AI-related market of roughly $26.5 trillion, a global connectivity network of about $1.6 trillion, while traditional space business accounts for only $400 billion. The core business, Starlink, generated $11.4 billion in revenue in 2025, a 50% year-over-year increase, with an EBITDA margin of 63%. However, its ARPU has declined from $99 to $66, reflecting the rebalancing pressure between growth and profitability structure.
In the long term, the core of the market's bet remains the expansion of the space economy. The global space economy is expected to grow from $630 billion in 2023 to $1.8 trillion by 2033, with the integration of satellite networks, orbital data, and AI computing infrastructure seen as the main growth driver. SpaceX's current valuation is already highly discounting future expectations. In the short term, attention must be paid to valuation and liquidity constraints. However, looking at the medium to long term, the "AI + Space + Communications Infrastructure" convergence narrative it represents could still become one of the core themes in the next phase of the tech capital market.

Svmuu reported that Bitwise Chief Investment Officer Matt Hougan posted on the X platform, stating that HYPE is no longer just an altcoin, but a "second-generation" cryptocurrency with actual value capture, buybacks, and institutional demand. HYPE is currently setting a benchmark for the industry, and others will follow suit.

Svmuu News “1011 Insider Whale” agent Garrett Jin pointed out in his latest market commentary that, against the backdrop of the Middle East conflict, the Strait of Hormuz has been effectively “blockaded” for three months. However, the market has already become “desensitized” to this geopolitical risk, and the AI narrative is reshaping traditional risk pricing logic. As a result, AI is significantly weakening the market's sensitivity to oil prices and geopolitical shocks. Since the emergence of ceasefire signals, U.S. stocks have “decoupled” from energy shocks, with gains in chip and tech stocks offsetting the impact from the energy sector, leading the market to gradually overlook the Strait of Hormuz risk. Nevertheless, he cautioned that the AI sector faces short-term risks of overvaluation and crowded trades, and a pullback could occur at any time.
In the energy market, the earlier assessment that the Strait of Hormuz risk had not been fully priced in has proven correct. Oil prices had risen due to supply shock expectations, but peaked and then declined following the release of strategic reserves and the U.S. intervention as a “supplier of last resort.” A successful exit was achieved on April 29-30. He believes the current risk-reward ratio for oil prices is no longer attractive.
On the macro and equity market front, U.S. households' holdings of stocks as a percentage of financial assets have reached approximately 47%, surpassing the level seen during the internet bubble era. This means a market downturn would, in turn, constrain policy. The VIX volatility index triggered different policy shift thresholds around 30 and 50, reflecting a “risk-off driven policy” characteristic.
In the gold market, the recent pullback in gold is not due to the fading of a war premium but rather changes in long-term structural demand. Since 2022, central banks globally have been purchasing gold at an average annual rate of over a thousand tons, primarily for de-dollarization and hedging against sanctions risks. He defines gold as “an ultimate exit tool outside the dollar system” rather than a mere safe-haven asset.
In the crypto market, the liquidity inflection point occurred last October, with funds flowing more toward AI assets, leading to a periodic drain from the crypto market. However, he believes the market is currently in a cyclical bear phase. Rebound rallies exist, but they do not equate to the start of a new bull run. The market must wait for liquidity to restart in a new cycle. The AI era is emerging as the dominant capital narrative. Even if a bubble exists, the structural opportunities it brings represent “a rare window of opportunity for ordinary investors.” Nevertheless, market cycle discipline should not be overlooked.