VanEck Launches First BNB Spot ETF in the United States: VBNB
May 28: U.S. asset management firm VanEck officially launched the VanEck BNB Spot ETF (ticker: VBNB) this Thursday, marking the first U.S.-listed exchange-traded fund (ETF) to offer direct spot exposure to BNB. The fund is backed by physical BNB held in cold storage at Anchorage Digital Bank, charges an annual management fee of 0.39%, and does not yet support staking services.
In a statement, VanEck noted that BNB is one of the few major cryptocurrencies that still lacks a dedicated U.S. spot exchange-traded product (ETP). This new ETF provides U.S. investors with a regulated channel to access this highly active digital asset through a standard exchange platform.
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Multiple Investment Banks Sharply Raise Tech Stock Price Targets, SMBC Extremely Bullish on Semiconductor Sector
May 28 — Major global investment banks have rolled out a series of fresh research reports, updating target prices for several prominent tech giants. Key adjustments include:
- Bank of America Global Research raised its target price for HP Inc. to $18 from $16, and hiked Broadcom’s target to $600 from $515.
- Wells Fargo increased Marvell Technology’s target to $240 from $195.
- Credit Suisse made significant upward revisions across multiple tech stocks: ARM’s target rose to $360 from $290; Micron Technology saw a substantial jump to $1,150 from $800; Dell Technologies’ target climbed to $350 from $300; and SanDisk’s target was lifted to $1,825 from $1,625.
- Morgan Stanley also boosted Marvell Technology’s target, setting it at $195 versus the prior $172.
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Opinion: Bitcoin's quantum threat timeline is roughly within the next decade, consensus within the community is extremely challenging
May 28: Scroll co-founder Sandy Peng argues in a new article that the quantum computing threat to Bitcoin isn’t a physical hurdle—it’s a governance and coordination challenge, not a technical one. A March whitepaper from Google Quantum AI estimates breaking Bitcoin’s secp256k1 elliptic curve with an optimized Shor’s algorithm would require roughly 1,200 logical qubits; that’s nearly 20 times fewer than projections from five years ago. IonQ’s official roadmap targets 1,600 logical qubits by 2028, while IBM plans to launch its 2,000-qubit Blue Jay system by 2033. This puts the quantum threat timeline at roughly a decade, possibly even shorter.
Attacks will unfold in waves. The most vulnerable targets are early P2PK-formatted Bitcoin addresses, where public keys are permanently recorded on the blockchain. This includes over 1 million bitcoins mined by Satoshi Nakamoto in Bitcoin’s early days—funds that can’t be moved to secure them because the private key’s holder is unknown. Additionall
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Federal Reserve's Williams: AI Development Driving Productivity Hopes, But Rate Impact Uncertain
May 28: Federal Reserve President John Williams said it remains unclear how the recent surge in productivity will ultimately impact U.S. interest rates and the Federal Reserve’s policy decisions.
When addressing how shifting trends in productivity growth will influence the broader economy and monetary policy, Williams’s response was straightforward: “it depends.” Specifically, the outcome hinges on two core factors: the inherent nature of the productivity change at play, and how long that shift is expected to persist.
The remarks come amid a broader push by Fed officials to assess how two key developments—the recent spike in productivity, plus expectations for even larger productivity gains stemming from advances in artificial intelligence (AI)—will affect inflation and the labor market. Multiple Fed policymakers have expressed uncertainty about exactly how these dynamics will unfold in the months and years ahead.
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U.S. Treasury Secretary: Will Continue Economic Pressure Campaign Against Iranian Regime, Warns Against Payment of Toll to Iran
May 28 — U.S. Treasury Secretary Janet Yellen has warned companies and countries not to pay Iran overflight fees. The U.S. will cut off Iran’s access to services including landing rights and fuel via Iran Air, and also restrict Iran Air’s ticket sales. Regarding the Iran issue, Yellen emphasized that constructive dialogue will help end the vicious cycle, while the U.S. Treasury continues its economic pressure campaign against the Iranian regime. Sanctions have been imposed on Iran’s Persian Gulf Phosphates Company.
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