「Son of Wall Street Bets」 Q1 New Portfolio Stocks Surge, TE Rises Over 11%
June 2nd, per Bitget Market data: Situational Awareness LP, owned by 25-year-old Wall Street AI stock guru Leopold Aschenbrenner, made its first net holdings purchase in Q1 2026, sparking a strong rally in the U.S. stock market after opening.
T1 Energy (TE) surged 11.05% to $11.555; HIVE Digital (HIVE) climbed 2.31% to $4.87.
Both companies are currently unprofitable, with negative price-to-earnings (P/E) ratios — calculated as total market capitalization divided by the sum of their latest four quarters’ net profit.
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Genius Group Launches AI Treasury's Inaugural Investment, Aims to Secure Pre-IPO Equity in OpenAI, Anthropic, and SpaceX
On June 2, artificial intelligence education company Genius Group announced it has wrapped up the first tranche of investments for the AGI Infinity Portfolio, a key component of its AI Treasury strategy. The strategy, which received board approval, aims to deliver exposure to pre-IPO equity of leading cutting-edge AI and technology firms including OpenAI, Anthropic, and SpaceX through a range of investment vehicles.
Per the announcement, on June 1, 2026, Genius Group completed its initial asset allocation for the initiative: purchasing 10,000 shares of Destiny Tech100 at $48.77 per share and 800 shares of the Fundrise Innovation Fund at $211.75 apiece. Total spending on the first day came to approximately $657,100, marking the first formal investment under the company’s $100 million AI Treasury Phase One plan. Over the coming months, the firm will continue to incrementally expand its allocations using the dollar-cost averaging approach.
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Standard Chartered: Strategy to Sell Bitcoin or Start of Outperforming BTC with ETH
June 2: Standard Chartered Bank’s Global Head of Digital Assets Research, Geoffrey Kendrick, said that Strategy’s recent Bitcoin sale could mark the start of a new period where Ethereum outperforms Bitcoin. Even though Strategy only offloaded 32 bitcoins at the end of May—accounting for roughly 0.004% of its 843,700 BTC holdings, a negligible sum—the market’s reaction to this move is notable. Kendrick thinks “yesterday might have been the turning point for ETH to outperform BTC.”
This take builds on Kendrick’s research report released last week. He compared current Ethereum to Amazon in 2001, right after the dot-com bubble burst, arguing that despite ETH’s relatively weak recent price action, the core fundamentals of the Ethereum ecosystem are still improving. Key areas of growth include stablecoins, Real World Asset (RWA) tokenization, and Decentralized Finance (DeFi).
Building on that analysis, Kendrick is sticking to his long-term bullish outlook: he forecasts ETH will hit $4,000
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Franklin Templeton to Tokenize BENJI Money Market Fund on MoonPay Trade
On June 2, global asset management giant Franklin Templeton announced it will integrate its BENJI tokenized money market fund and other tokenized products into MoonPay’s on-chain trading platform, MoonPay Trade.
Through this collaboration, institutional users will be able to leverage MoonPay’s recently launched on-chain trading infrastructure to seamlessly convert stablecoins such as USDC and USDT into Franklin Templeton’s tokenized money market fund, a move that’s set to boost efficiency in on-chain cash management and asset allocation.
Both parties noted this partnership lays the groundwork for a broader strategic alliance between Franklin Templeton and MoonPay. For MoonPay, the deal marks an expansion of its business scope beyond cryptocurrencies, fiat, and stablecoins into the Real World Assets (RWA) space. This is also one of the first key strategic initiatives since Caroline Pham joined as CEO of MoonPay Institutional; Pham previously served as Acting Chairman of the U.S. C
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