OpenAI hit $10B ARR; Coinbase and Circle rallied as U.S. stablecoin legislation passed, solidifying institutional crypto frameworks.
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Coinsilium’s Forza arm triggered a staggering 130% single-day rally after ramping up its Bitcoin holdings in a series of strategic transactions. The move taps directly into renewed retail and institutional demand for crypto-linked equities. Notably, the “Crypto Adoption” scenario has averaged +18% one-day returns over the past 3 months—underscoring the momentum behind digital asset plays in the current macro environment.
Lion Group Holding Ltd. (LGHL) surged 19% after announcing the official relaunch of its cryptocurrency operations, signaling a strategic pivot aimed at expanding investor access to digital assets. The Nasdaq-listed firm’s revival plan comes as broader crypto sentiment strengthens and investors seek entry points into regulated digital platforms.
HEPA gained 24% after naming Dr. Kaouthar Lbiati as interim CEO, effective June 16. The leadership shift at the clinical-stage biotech—focused on diagnostics for celiac disease, COVID, H. pylori, and liver cancer—sparked renewed investor interest amid expectations for accelerated commercialization and strategic clarity.
Oracle shares jumped following a robust fiscal Q4 earnings report that beat on both EPS and revenue. Revenue rose 11% YoY to $15.9B, with EPS landing at $1.70 vs. $1.64 expected. Cloud services and license support revenue hit $11.7B, while CEO Safra Catz projected 70%+ cloud infrastructure growth in fiscal 2026, up from 52% this quarter.
Catz raised the company’s long-term outlook, suggesting Oracle could exceed its prior $104B revenue target for FY2029. Capital expenditures are also surging, with FY2025 spending surpassing $21B—and FY2026 projected to top $25B—to meet overwhelming cloud demand. CTO Larry Ellison said Oracle even received a request to fulfill all available cloud capacity from a major unnamed client.
Oracle’s strategic positioning in AI infrastructure—including its partnership with OpenAI’s Stargate initiative and migration deals with firms like Temu—is cementing its role as a heavyweight in the cloud-AI convergence era.
OpenAI has officially crossed $10 billion in annual recurring revenue, marking a major inflection point in the AI platform race. The figure—double last year’s ARR—excludes licensing revenue from Microsoft, highlighting the explosive organic growth of ChatGPT, its enterprise tools, and API subscriptions. The company now serves 500 million weekly users and has grown its paying business customer base from 2 million to 3 million in just four months.
LegislationCoinbase and Circle rallied after the Senate passed the GENIUS Act, the first federal framework for U.S. dollar-pegged stablecoins. Coinbase surged on optimism around its role in compliant infrastructure, especially with its integration of USDC—Circle’s flagship token. Circle, fresh off its IPO, extended gains as investors priced in regulatory clarity and institutional adoption.
The bill passed 68-30, mandating that stablecoins be fully backed by liquid assets like cash or Treasuries, with monthly disclosures and strict AML compliance. It grants broad oversight to the Treasury and opens the door for banks, fintechs, and retailers to issue stablecoins.
The move validates Circle’s push for transparency and boosts Coinbase’s status as a rails provider, especially given its enterprise integrations with Stripe, Shopify, and JPMorgan’s JPMD token on its Base blockchain. With 2024 stablecoin volumes topping $28 trillion, the legislation marks a pivotal moment for the sector ahead of a potential $2T+ market.
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