Marvell Technology will be added to the S&P 500 on June 22 after meeting the index's GAAP profitability requirement and will replace Pool Corp. The change compels funds that track the benchmark to purchase Marvell shares, after the stock jumped nearly 6% in after-hours trading following the June 5 announcement. The reshuffle arrives as chip stocks saw a sharp selloff, with the PHLX semiconductor index down 10.3% in the same week.

Lighter (LIT) fell more than 20% in 24 hours after failing to break $1.80, sliding to around $1.38 while trading volume dropped 17.58% to $128.6 million. Binance top traders stayed tilted to the long side, with 68.75% long versus 31.25% short and a 2.20 long/short ratio. The next move hinges on whether LIT can hold the $1.38 breakout area, with $1.55–$1.60 flagged as a nearby liquidity zone if a rebound develops.

U.S. equities fell sharply on Friday after a May payrolls report shifted trader expectations toward higher Federal Reserve rates. The Nasdaq dropped 4.18% and the S&P 500 slid 2.64%, while Bitcoin fell more than 5% and moved below $60,000. Attention now turns to Wednesday’s CPI release and the Fed’s June 16–17 meeting.

In Q1 2026, professional investors reduced Bitcoin exposure by about 52.5K BTC, taking holdings from 313K BTC to 261K BTC alongside a 22% BTC correction. The pullback was concentrated in hedge funds and brokerages, while banks, governments, private equity firms, and advisors largely held steady or added exposure, suggesting ownership may have rotated toward longer-term allocators.

Veteran analyst Bob Loukas said Bitcoin has moved into the final phase of its four-year cycle and may still need another drop before a lasting bottom forms. He highlighted $53,000 as a key area where his model portfolio would deploy remaining cash, after already buying 10 BTC at $65,000. At press time, BTC traded at $62,247.

US lawmakers are intensifying efforts around the Digital Asset Market Clarity Act (CLARITY Act), a proposal to set federal rules for digital asset markets and split oversight between the SEC and CFTC. The House passed H.R. 3633 in July 2025, and the Senate Banking Committee advanced it May 14, 2026 by a 15-9 vote. Backers cite market certainty and consumer protection, while critics argue the bill needs tighter safeguards on conflicts of interest, illicit finance, and wider market risks.

Illinois lawmakers advanced Senate Bill 3019 as part of the state's fiscal year 2027 budget package, proposing a 0.2% tax on cryptocurrency transactions conducted in Illinois. At that rate, a $1,000 trade would add $2 in tax, while $1 million in daily volume could translate to $2,000 per day and about $730,000 per year. The proposal would tax each transaction rather than capital gains, raising open questions about coverage, exemptions, and enforcement.

SpaceX has agreed to provide Google with AI cloud computing capacity priced at $920 million per month, according to an SEC filing. The deal runs from October 2026 through June 2029 and includes roughly 110,000 Nvidia GPUs plus CPUs, memory, and related infrastructure. The filing says capacity will ramp before reaching the full monthly rate, and the contract includes early-termination options tied to delivery milestones and notice periods.