Here's your daily market update as of June 25, 2026:

🎯 Market Mood: Mixed
📰 Main Narrative: $MU's blowout earnings validated AI storage demand and sent the stock surging 16% after hours, while oil prices dropped sharply as Hormuz supply concerns faded and crypto felt the weight of broader risk-off sentiment.
1️⃣ Macro & TradFi Pulse
🌐 Brent crude fell roughly 4.3% to around $73.74 and $WTI dropped to $70.34 as more tankers cleared the Strait of Hormuz and Trump pressured oil companies to lower prices faster or face Justice Department investigations.
📉 Trump canceled the signing ceremony for the bipartisan housing bill, saying Congress must first pass his SAVE AMERICA ACT, temporarily stalling the bill's CBDC ban provision that the crypto industry had viewed as a meaningful win.
🏦 All major US banks passed the Fed's annual stress tests, absorbing over $708 billion in hypothetical loan losses while maintaining adequate capital buffers, clearing the way for increased buybacks and dividends.
2️⃣ Crypto Market Signals
₿ $BTC slid to around $60,854 as macro risk-off sentiment and dollar strength weighed on prices, with long liquidations dominating a punishing $998 million flushed in 24 hours and ETFs posting $17.78 million in net outflows.
🧩 $ETH fell in tandem to around $1,619, with total crypto market cap declining to $2.19 trillion as leveraged positions across the board continued to be unwound.
🧩 Standard Chartered initiated coverage on $AAVE with a $3,500 target by end-2030, roughly 50x from current levels, citing DeFi total active assets potentially reaching $27 trillion by 2030 driven by stablecoins and real-world assets on-chain.
3️⃣ Risk, Regulation & Infrastructure
⚖️ OpenAI and Broadcom jointly released Jalapeño, their first AI chip optimized for large language models, with $AVGO's CEO saying it cuts model operating costs by roughly 50% and enables faster large-scale deployment.
🔐 Bitcoin miner revenues continued to decline, with the 7-day moving average dropping to around $30 million per day, well below last summer's $50 million, as BTC trades roughly 20% below JPMorgan's estimated production cost of $78,000.