Patrick Munnelly: AI driven stock market becomes unstable

Base has postponed the upgrade of Beryl mainnet to 2:00 am on June 27th (UTC+8) to ensure the full activation of B20 Activation Registry. Developers need to wait for the registry to go online before deploying B20 tokens, which is expected to take up to 1 hour. Base stated that the main network block interruption of about two hours prior was not related to this upgrade. Beryl will shorten the waiting period for Base withdrawals to Ethereum from 7 days to 5 days and integrate Reth V2.

BTC returns to a critical turning point after clearing its February and June lows, as BTC options data reveals market positioning, volatility, and sentiment. （glassnode）

Iranian Deputy Foreign Minister Ali Babadi stated that making decisions without clear arrangements, parallel routes, or considering Iran's position as a coastal country cannot guarantee safe navigation in the Strait of Hormuz. Any credible framework must be based on coordination with Iran and compliance with Article 5 of the Iran US Memorandum of Understanding, otherwise the established parallel routes will be suspended.

[Barclays Raises Micron Technology's Target Price from $1,175 to $2,000] Barclays has raised Micron Technology's target price from $1,175 to $2,000.

Due to the decrease in oil prices reducing inflation risks, traders have lowered their expectations for the European Central Bank's interest rate hike. The market no longer fully takes into account the expectation of another 25 basis points hike before the end of 2026 and raising the key interest rate to 2.5%, which was fully digested by the market when the European Central Bank raised the deposit rate to 2.25% two weeks ago.