Morning Minute: PUMP Prints First Golden Cross as Revenue Hits Seven-Month High
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Solana’s Pump Token Leads Crypto Market Gainers as Chart Paints Golden Cross
The native token of Solana's Pump.fun is up 8%, and the pattern bulls have been waiting for is starting to form on the daily chart.
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.
According to ChainCatcher and BBX data, the world's largest IPO completed its index inclusion milestone yesterday, marking a historic turning point in the valuation logic of mining companies' AI transformation. Key developments are as follows: SpaceX, Inc. (NASDAQ: $SPCX) was officially included in the Nasdaq 100 index this week, becoming the first company in history to have its largest single IPO ($75 billion) included in the Nasdaq 100. CoinDesk also issued a historic warning: "The previous two largest additions to the index—Palantir ($PLTR) in December 2024 and Strategy ($MSTR) in early 2025—both experienced a period of decline after inclusion, rather than initiating a new round of growth." Analysts pointed out that passive funds tracking the Nasdaq 100 completed a "forced buy" at the time of inclusion, and without new fundamental catalysts, the stock price often corrects after the technical buying subsides. SpaceX currently faces specific risks including: a net loss of approximately $4.27 billion in Q1 2026 (primarily due to xAI integration expenses), a $2 billion bond issuance plan, and a 3.4% equity dilution from the $60 billion acquisition of Cursor/Anysphere; Morningstar maintains its fair value estimate of $62 per share, implying a downside of approximately 70% from the current market price. For the market holding SpaceX Bitcoin (18,712 coins, approximately $1.2 billion, custodied in Coinbase Prime), Nasdaq 100 inclusion will trigger larger-scale SPCX holdings by passive funds, further narrowing the indirect exposure of traditional index investors to Bitcoin assets. According to the latest analysis, TeraWulf Inc. (NASDAQ: $WULF) reported $21 million in high-performance computing (HPC) leasing revenue in Q1 2026, accounting for approximately 62% of its total revenue of $34 million. This marks the first time TeraWulf has surpassed Bitcoin mining revenue—a historic reversal in revenue structure since its transformation into an AI/HPC infrastructure company. This represents a 117% increase compared to the $9.7 million in HPC revenue in Q4 2025. The company currently has AI/HPC leases totaling over 522 megawatts signed with Core42 and Fluidstack, with an expected annualized high-margin revenue of approximately $630 million. Its energy mix consists of nuclear power and hydropower, with an average electricity cost of approximately $0.035/kWh, among the lowest of its peers in the mining industry. The company is also developing a new campus in Kentucky, adding approximately 480 megawatts of grid connection capacity; analysts have significantly raised their target price range, with Keefe Bruyette & Woods from $23 to $37, and Clear...
Chengbang Technology: First-half profit expected to reach 26 million yuan; semiconductor storage business revenue and net profit both saw significant year-on-year growth.
According to Mars Finance, Chengbang Co., Ltd. (603316.SH) announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be 26 million yuan, turning a loss into a profit year-on-year. The company's semiconductor storage business accounts for over 70% of its revenue and is its core business. During the reporting period, relying on the favorable global semiconductor storage market, the company's semiconductor storage business revenue and net profit increased significantly compared to the first half of 2025, showing improved profitability, but the absolute amount is still relatively small. Note: The company's Q2 net profit is estimated at 3 million yuan, and Q1 net profit at 23 million yuan. Based on this, Q2 net profit is expected to decrease by 89% quarter-on-quarter. (Cailian Press)
Morningstar: Samsung Electronics' revenue forecast may disappoint investors.
According to BlockBeats, on July 7th, Morningstar analyst Jing Jie Yu stated that investors may have been slightly disappointed with Samsung Electronics' revenue forecast. He pointed out that Samsung Electronics' projected operating profit met market expectations, but its revenue forecast of 171 trillion won was slightly below the average expectation. This weaker-than-expected performance may be due to a lower-than-expected increase in DRAM prices. This could have spooked investors who increasingly anticipated a structural strengthening of memory chip prices. As investors became more cautious, Samsung Electronics' stock closed down 6.9%, narrowing its year-to-date gains to slightly below 150%.
OKX Star: Will donate at least 1 BTC to the first "one-person company" to achieve annual revenue of one million US dollars by _2024111120230_|
Odaily Odaily reports that OKX founder and CEO Star announced on OKX that the first "one-person company" (OPC) to achieve annual revenue of $1 million on the platform will receive a reward of at least 1 BTC from their personal donation. Star stated that every major technological revolution gives rise to a new generation of entrepreneurs and believes that the AI era will create millions of "one-person companies." The Genesis Hackathon has reportedly launched, allowing developers to build Agent Service Providers (ASPs) around the Genesis platform. The event boasts a total prize pool of $100,000 and aims to encourage AI Agent projects with real-world needs and practical value, thus promoting the development of the Agent economy.
Aave co-founder: Aave DAO Swap revenue reaches $1 million for the first time; more features will be launched to expand revenue streams.
According to Foresight News , Aave co-founder Stani Kulechov announced that Aave DAO's swap revenue has reached $1 million for the first time since the launch of the "Aave Will Win" program. He stated that this revenue stream introduces a transactional revenue source to the Aave protocol, in addition to its existing assets under management (AUM) based fees. Aave will also launch more features in the Aave Pro product, including leverage tools, a transaction builder, and support for Aave V4, to further expand its revenue channels.