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SOXL Soars 450% YTD As AI Chip Rally Ignites Leveraged ETF Frenzy

SOXL Soars 450% YTD As AI Chip Rally Ignites Leveraged ETF Frenzy

by Chandrima Sanyal | Jun 2, 2026 | General

The semiconductor rally has evolved beyond chip stocks themselves. Increasingly, traders are expressing bullish and bearish views on AI through leveraged semiconductor ETFs such as Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL) and Direxion Daily Semiconductor...

Coinbase Backs DeFi Protocol Ethena, But COIN Still Plunges 5%

by Parshwa Turakhiya | Jun 2, 2026 | General

Coinbase (NASDAQ:COIN) Ventures invested in Ethena by purchasing ENA (CRYPTO: ENA) tokens on the open market Tuesday, with a partnership bringing USDe to Coinbase’s 100 million users. USDe Integration Goes Live Next Week For 100 Million Coinbase Users Ethena founder...

AstraZeneca Highlights Sustained Survival Benefit In Advanced Breast Cancer Study

by Vandana Singh | Jun 2, 2026 | General

AstraZeneca Plc (NASDAQ:AZN) on Tuesday reported updated Phase 3 SERENA-6 trial results showing that camizestrant combined with a CDK4/6 inhibitor continued to deliver significant progression-free survival benefits in hormone receptor-positive, HER2-negative advanced...

Plug Power Moves Ahead With Hydrogen Asset Tax Credit Sale

by Lekha Gupta | Jun 2, 2026 | General

Plug Power Inc. (NASDAQ:PLUG) shares are trading higher on Tuesday. The company is strengthening its liquidity through a recent federal investment tax credit transfer. This move comes amid a broader market context where the Industrials sector is gaining 0.9%,...

CFTC Chairman Michael Selig Says Gemini Was ‘Politically Targeted’ By Biden Administration

by Khyathi Dalal | Jun 2, 2026 | General

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, may have been politically targeted under the Biden administration, according to current Commodity Futures Trading Commission Chairman Michael Selig. “Politically Targeted” Speaking on...
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