Odaily News Wall Street strategists are increasingly optimistic about the U.S. stock market, with forecasters at Morgan Stanley and Goldman Sachs noting that the resilience of economic growth will limit any pullback in the summer. Morgan Stanley strategist Michael Wilson abandoned his long-standing bearish stance in mid-2024. He said a significant improvement in the outlook for U.S. corporate earnings is positive for the S&P 500 by the end of the year. He reiterated his 12-month price target of 6,500 points, implying an increase of about 8% from current levels. Goldman Sachs strategist David Kostin said recent market movements show that investors are digesting optimistic growth prospects, and economically sensitive sectors are outperforming defensive sectors. (Jinshi)

Odaily News On June 9 local time, He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, and the US side held the first meeting of the China-US economic and trade consultation mechanism in London, UK. (Xinhua News Agency)

Odaily News Crypto wallet infrastructure company Turnkey has completed a $30 million Series B financing round led by Bain Capital Crypto. Turnkey was co-founded by former Coinbase employees Bryce Ferguson and Jack Kearney to help developers build user-friendly wallets using APIs. It currently has 35 employees. (CoinDesk)

Odaily News Michael Mo, CEO of the listed company KULR, announced that the company has spent approximately US$13 million to increase its holdings of 118.6 BTC, with an average purchase price of US$107,861. As of June 5, 2025, we hold 920 bitcoins, and the year-to-date bitcoin return has reached 260%.

Odaily News Tether CEO Paolo Ardoino posted on the X platform that Tether will be committed to the open source Bitcoin Mining Operating System (MOS). A large number of new Bitcoin mining companies will join and compete to maintain network security. No third-party hosting software will be needed. MOS will create a fair competition environment and narrow the gap between listed companies and small businesses.

Odaily News Michael Saylor, executive chairman of Strategy, posted on the X platform that Strategy has increased its holdings by 1,045 bitcoins at a price of approximately US$110.2 million. The return on bitcoin so far this year has reached 17.1%. As of June 8, 2025, it holds 582,000 bitcoins, with an average purchase price of approximately US$70,086.