JPMorgan Chase: Raises Qualcomm Price Target from $160 to $230

Amazon has submitted an application to the U.S. Federal Communications Commission (FCC) to launch and deploy a low Earth orbit (LEO) satellite constellation comprising 5,105 satellites by 2028, for providing Direct-to-Device (D2D) mobile communication services. The initiative will further expand Amazon’s satellite internet project and directly challenge SpaceX’s Starlink’s leading position in the global satellite communications space. According to reports, Amazon intends to offer users satellite mobile connectivity without requiring additional hardware through its large-scale LEO network, with future coverage potentially extending to remote regions, maritime areas, and zones underserved by traditional communication networks. SpaceX has been advancing the commercialization of its Starlink satellite internet and exploring Direct-to-Device satellite services. Amazon’s latest expansion marks a further escalation of competition in the global satellite communications market.

According to CNBC, OpenAI founder Sam Altman will meet with senior Trump administration officials, members of Congress, and economists in Washington D.C. this week to pre-demonstrate the capabilities of the company’s upcoming line of AI models. Sources familiar with the matter revealed that besides showcasing OpenAI’s upcoming products, Altman is expected to answer policymakers’ questions on cybersecurity and the firm’s stance on open-weight models. He will likely also touch on the “unprecedented cybersecurity incident” OpenAI disclosed earlier this month, an event that sent shockwaves through researchers and executives across the tech industry.

According to Lookonchain’s monitoring, Ethereum whale address 0xf23c9B has been steadily withdrawing ETH from Binance. Data shows the address’s latest withdrawal from the exchange totals 10,444 ETH, valued at roughly $20.47 million. Over the past week, the whale has withdrawn a cumulative 30,244 ETH from Binance, worth approximately $57.8 million at current prices.

Whale 0xC8b5 is going long on $MU again! Just 2 days ago, the whale lost $1.2M on a $MU long. Now the whale has opened a new 3x long on 24,827 $MU ($21.86M) and is already down over $1.1M.

According to market data from BIT (bit.com), Micron Technology (MU.O) saw its stock price drop by over 4% to $881 per share, with a total market capitalization of $994 billion.

Citigroup traders are betting the Federal Reserve will hold interest rates steady this week. According to Akshay Singal, the bank’s global head of short-term rates trading, their positions will turn a profit if the Fed keeps rates stable. “We still maintain our expectation that interest rates will remain unchanged,” Singal said. He added that Fed Governor Waller has made clear he wants the market to focus on data, which shows the central bank does not need to raise rates at present.