US Stock Photonic Module Concept Stocks Surge in Pre-market Trading, AAOI and LITE Up Over 7%, Photonic ETF FOTO Soars 5.29%
June 2, per Bitget market data, U.S. photonic concept stocks rallied in pre-market trading, with several key names posting strong gains:
- Applied Optoelectronics (AAOI): Up 7.39%, trading near $200. The company is a manufacturer of high-speed optical modules (800G/1.6T) focused on AI data center transceivers.
- Lumentum Holdings (LITE): Rose 8.2% to above $980. It’s a core supplier of optical communications lasers and modules, a major player in AI data center infrastructure.
- Coherent Corp. (COHR): Gained 5.78%, topping $383. A leader in lasers, optical components, and photonics solutions, serving both data center and industrial markets.
- Nokia (NOK): Climbed 4.9%. The telecom giant has recently expanded heavily into optical networks and AI data center interconnection, making it a key extended player in the photoelectronics and optical module space.
- Ciena Corporation (CIEN): Up 3.89%. The firm produces high-speed SerDes and interconnect chips, focusing on low-power interconnection
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Binance Coin-Margined Futures Position Mode to Upgrade, Aligning with USDT-Margined Futures on June 15th
**Binance Announces Coin-Margined Futures Position Mode Upgrade**
June 2nd – Binance today announced that starting June 15 at 11:00 AM (UTC+8), it will upgrade the position mode for Coin-Margined Futures contracts. Post-upgrade, the position mode settings for Coin-Margined Futures will align with those of USDT-Margined Futures contracts. If a user has set different position modes in the two markets, the system will automatically overwrite the Coin-Margined Futures setting to match the USDT-Margined Futures setting.
For example: If a user uses "Hedge Mode" for USDT-Margined Futures contracts and "One-way Mode" for Coin-Margined Futures contracts, after the upgrade, both will be unified to "Hedge Mode." The upgrade is expected to be completed in roughly 24 hours. During this window, Coin-Margined Futures trading operations will remain largely unaffected, though some users may experience intermittent trading interruptions—simply retrying will restore normal functionality.
Binance
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Yusys Technologies is only one step away from its IPO, as the STAR Market IPO review status has changed to "Registration Filing."
June 2, the Shanghai Stock Exchange (SSE) announced that QCraft Technology Co., Ltd.’s initial public offering (IPO) application status on the STAR Market has been updated to "Registration Submitted."
This status change means QCraft has cleared the SSE’s Listing Committee review and entered the final registration phase with the China Securities Regulatory Commission (CSRC), leaving only one final step before its official listing.
The SSE has completed its substantive review and forwarded all relevant documents to the CSRC. The CSRC typically wraps up the registration process within 20 working days, with no additional substantive re-examination required. Once registration is approved, QCraft will proceed to IPO pricing and its debut on the STAR Market.
This puts QCraft on track to become the first domestically developed intelligent robot company listed on China’s A-share market, marking the final sprint stage of its listing process, which is progressing very smoothly.
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A certain trader took a large long position on MRVL before Huang Renxun's recommendation, earning over $880,000 in intraday profits.
June 2: According to Hyperinsight Monitoring, earlier today, a trader on the Hyperliquid exchange opened a long position on Marvell Technology (MRVL) with 3x leverage when the stock traded at $222.69.
As of press time, this long position has already generated $880,000 in profits over 15 hours, translating to a 66.8% return on investment (ROI). This makes it the largest open long position for MRVL on Hyperliquid and the most profitable address linked to MRVL’s recent uptrend.
MRVL has rallied sharply during pre-market trading, up 7.4% to $274 per share. The stock has been climbing steadily since 9 PM ET last night, driven by two key catalysts: first, Marvell’s recent launch of high-capacity switching chips designed for AI data center networks; second, comments from NVIDIA CEO Jensen Huang at COMPUTEX Taipei, where he highlighted NVIDIA and Marvell’s partnership in AI data center connectivity (including optical interconnects and networking) and called the collaboration “the next trilli
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Tether's BTC Reserve Address Moves 204.3 BTC to Bitfinex, Worth $14.36 million
On June 2nd, per EmberCN’s monitoring, a Bitcoin reserve address belonging to Tether—issuer of the USDT stablecoin—transferred 204.3 BTC (valued at $14.36 million) to Bitfinex three hours ago. Since 2023, this address has allocated 15% of Tether’s corporate profits to purchase Bitcoin, bringing its total holdings to 96,936 BTC worth $6.72 billion, making it the fifth-largest Bitcoin wallet globally. The average purchase price for these BTC is roughly $51,312, resulting in an unrealized gain of approximately $1.75 billion.
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Barclays Raises Target Price for Samsung and Hynix, Surging by 72% and 109%
June 2 — Two global storage giants, Samsung and SK Hynix, remain top picks among investors, as Barclays Bank has upgraded its price targets for both firms. The U.S.-based investment bank lifted its target for Frankfurt-listed SK Hynix from €1,100 to €2,300, while hiking the target for London-listed Samsung Electronics from 425,000 pence to 730,000 pence.
Bitget market data indicates the pair’s strong recent performance stems from a sharp surge in demand for AI-powered high-bandwidth memory and storage chips. SK Hynix has rallied over 260% year-to-date, ending May with a market cap exceeding $1 trillion — a new all-time high. Samsung Electronics has gained more than 200% YTD, repeatedly hitting fresh record highs recently, and has also crossed the $1 trillion market capitalization threshold.
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