SpaceX was officially included in the Nasdaq 100 index this week; historical warnings point to post-inclusion volatility. TeraWulf's Q1 HPC leasing revenue surpassed mining's high-margin annualized revenue of $630 million for the first time.
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Crypto Market Preview This Week: Fed Meeting Minutes to be Released, SpaceX to be Included in Nasdaq 100 Index
According to BlockBeats, on July 6th, the crypto market will focus on the Federal Reserve meeting minutes, US economic data, and several crypto industry events this week. The macro environment and on-chain dynamics may jointly influence the price movements of digital assets. On the macro front, the Federal Reserve will release the minutes of its June FOMC meeting in the early hours of July 9th (Beijing time), with the market hoping to use this information to determine the future path of interest rates. In addition, the US ISM Services PMI, consumer inflation expectations, initial jobless claims, and China's June CPI data will also be released successively. On the industry front, SpaceX will be officially included in the Nasdaq 100 index on July 7th, becoming the fourth index component stock to hold Bitcoin, following Tesla, Strategy, and Mercado Libre. Data shows that SpaceX currently holds approximately 18,712 BTC, and its inclusion in the index is expected to benefit from the passive allocation demand of index funds. In addition, American Bitcoin (ABTC), a US mining company, will resume trading after completing a 1:15 reverse stock split to avoid delisting from Nasdaq; Berachain will complete its PoL Next upgrade on July 7. Regarding on-chain governance, ENS DAO, Frax DAO, Nexus Mutual DAO, and Arbitrum DAO will all conclude voting on multiple governance proposals this week. Regarding token unlocking, Hyperliquid (HYPE) will unlock 0.2% of its circulating supply on July 6, worth approximately $30.39 million; RAIN will unlock approximately 7.64% of its circulating supply on July 11, worth approximately $787 million; and PUMP will unlock approximately 29.12% of its circulating supply on July 12, worth approximately $130 million. Besides macroeconomic data, developments in the Russia-Ukraine situation and the continued weakening of the yen are also worth noting. Recently, Bitcoin has shown a strong negative correlation with the USD/JPY exchange rate, with the depreciation of the yen often accompanied by a rise in Bitcoin prices.
US pre-market news highlights: EDA giants focus on AI chip design; SpaceX officially included in the Nasdaq 100 index; Analysts say AI computing power demand is far from peaking.
Mars Finance reports the following key financial news from the US stock market that investors should pay attention to: 1. US stock index futures showed mixed results. Dow Jones futures rose 0.29%, S&P 500 futures fell 0.15%, and Nasdaq 100 futures fell 0.94%. 2. International oil prices rose slightly. WTI crude oil futures rose 0.61% to $68.967 per barrel; Brent crude oil futures rose 0.74% to $72.526 per barrel. 3. International gold and silver spot prices fluctuated narrowly. Spot gold rose 0.03% to $4166.01 per ounce; spot silver fell 0.64% to $61.62 per ounce. 4. European stock indices all fell. The UK FTSE 100 rose 0.47%, the French CAC 40 rose 0.20%, and the German DAX 30 fell 0.63%. 5. EDA giant Synopsys informed more than 10 chip manufacturers, including Samsung Electronics and SK Hynix, in April and May that it would "suspend" some of its wafer fab manufacturing analysis software, shifting resources to the more profitable AI chip design business. 6. SpaceX, owned by Elon Musk, was officially included in the Nasdaq 100 index today, becoming the first company in the index with a space business at its core. JPMorgan Chase estimates its weight in the index at approximately 1.3%. Wall Street generally gave it an "initial bullish" rating, with a target price as high as $800. 7. Google invested over €400 million in Proxima Fusion, a European nuclear fusion "unicorn" company, with the aim of building a commercial fusion power plant by the 2030s. 8. Anthropic announced a 20-year AI data center lease agreement with AI data center operator TeraWulf. The project has a capacity of approximately 401 megawatts and is expected to be operational in the second half of 2027, reaching full capacity in early 2028. 9. A recent report from semiconductor research firm SemiAnalysis indicates that AI computing power demand is far from peaking. The firm predicts that Meta computing power procurement will accelerate, and capital expenditure may increase significantly next year. 10. Walmart and its Sam's Club announced price reductions on thousands of popular summer items and everyday essentials across the United States. 11. Microsoft raised its Microsoft 365 Enterprise subscription fee earlier this month, with increases ranging from 8% to 33%. Personal and Education versions are currently unaffected. (Cailian Press)
SpaceX will be included in the Nasdaq 100 on July 7th. Historical cases show that there has been a pullback after inclusion.
According to Odaily Odaily, SpaceX will be officially included in the Nasdaq 100 index on July 7th, becoming one of the fastest large IPOs to be included in the index's history. Historical data shows that index inclusion does not necessarily signal a sustained upward trend; in some cases, it has become a temporary peak. After Palantir Technologies was included in the Nasdaq 100 in December 2024, its stock price peaked around the time of inclusion, followed by a correction of about 25% in the following weeks. Strategy also entered a correction period shortly after its inclusion, with a significant pullback from its peak. Analysts point out that this phenomenon typically stems from market expectations being priced in ahead of time, passive buying having already been traded in advance, and sentiment reaching a temporary high before inclusion. If historical patterns continue, SpaceX's short-term performance after inclusion in the index may face volatility rather than a one-sided upward trend.
SpaceX was officially included in the Nasdaq 100 today; the short-term impact of passive funds on the stock price may be less than expected.
According to BlockBeats, on Tuesday, July 7th, SpaceX will be officially included in the Nasdaq 100 index. This adjustment is expected to trigger passive buying by mutual funds and exchange-traded funds (ETFs) tracking the index, thus providing some support for the stock price. JPMorgan's calculations show that, based on three times its current outstanding shares of $75 billion, SpaceX's weight in the index is approximately 1.3%, roughly ranking 21st among the constituent stocks, lower than companies such as Nvidia (NVDA.O), Walmart (WMT.N), Intel (INTC.O), and Tesla (TSLA.O). However, due to the relatively limited weight, analysts generally believe that the short-term impact of passive funds on the stock price may be less than some market expectations.
SpaceX shares fell 1.2% in pre-market trading after being included in the Nasdaq 100 index.
According to Mars Finance, citing Jinshi, SpaceX shares fell 1.2% in pre-market trading after the company's stock was included in the Nasdaq 100 index and several brokerages began covering the stock.
US pre-market news at a glance: Samsung's earnings report triggered a collective weakness in semiconductor stocks in pre-market trading; SpaceX officially debuts on the Nasdaq 100 today.
According to BlockBeats, the following are key market news items before the US stock market opened on July 7th: 1. Samsung released its Q2 earnings forecast, showing an operating profit increase of over 1800% year-on-year, with single-quarter profits exceeding the total of the previous three years. Simultaneously, the company's revenue also increased by 129% year-on-year, reaching 171 trillion won. Affected by the semiconductor sell-off triggered by the "sell-off" of Samsung's earnings, chip-related technology stocks generally weakened in pre-market trading. The three major US stock futures indices showed mixed results in pre-market trading: Dow Jones futures rose 0.41%, Nasdaq 100 futures fell 0.9%, and S&P 500 futures fell 0.09%. 2. SpaceX officially debuted on the Nasdaq 100 before the US stock market opened today, with Wall Street institutions collectively bullish. Most institutions believe that SpaceX is no longer just a traditional aerospace company, but a platform company with the potential for rocket launches, Starlink satellite internet, AI infrastructure, and future space computing. 3. DeepSeek is secretly developing its own inference chip. If successful, this would reduce reliance on external suppliers and give it more cost-effective hardware control. However, the project is still in its early stages and faces manufacturing and memory acquisition restrictions due to US export controls. 4. UBS recommends investors buy SK Hynix's upcoming American Depositary Receipts (ADRs) and sell its South Korean shares, as these new shares are expected to trade at higher prices. 5. JPMorgan strategists say the recent weakness in semiconductor stocks should be seen as a buying opportunity, as the chip upcycle is not yet over, and truly meaningful new supply may not appear until 2028. 6. US ADP employment change for the week ending June 20 was 21,000, compared to 30,750 in the previous week. 7. BlackRock will launch an ETF tracking the tech-heavy Nasdaq 100 index, aiming to meet investors' growing demand for participation in the AI-driven stock market rally and challenge Invesco's dominant position. 8. Amazon is returning to the US bond market to raise funds for its artificial intelligence infrastructure. The company will issue eight benchmark bonds with maturities ranging from 3 to 40 years, raising at least $25 billion in the dollar bond offering. 9. Global brokerages have begun coverage research on Elon Musk's SpaceX (SPCX.O), and a preliminary consensus has formed on Wall Street: buy the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have given it a buy rating, optimistic about its long-term growth prospects, although doubts remain about profitability and valuation.