California’s Public Utilities Commission has urged a court and the FCC to reject AT&T’s request to stop offering traditional copper-wire phone service to new customers in parts of the state, saying the carrier-of-last-resort obligation is technology-neutral. The CPUC also argues AT&T has not shown that replacement options would meet state standards for all affected users. The pushback could keep AT&T maintaining aging copper lines alongside newer fiber, raising costs and slowing the company’s cost-cutting timeline. The article adds that the regulatory drag compounds technical weakness in the shares, which are below major moving averages with softer MACD momentum.

比特币跌破60000美元，24小时清算2.53亿美元多头；主因美国5月CPI超预期达4.2%及霍尔木兹海峡局势升级，导致市场大幅下调美联储降息预期（Polymarket定价零降息概率79%）。Strategy股价跌破100美元，创今年新低；其融资工具STRC已低于面值，现金储备年内缩水38%。文中明确提及Strategy、Oil、Nasdaq三只传统资产，且存在直接宏观传导链。

The U.S. and Iran agreed on a 60-day ceasefire roadmap, keeping the Strait of Hormuz open and prompting the U.S. Treasury to authorize temporary Iranian oil sales. WTI crude fell 3.5% to $70.64 a barrel after dipping below $70 intraday, while Brent slid 3.8% to $74.13, returning to near prewar levels. Gold dropped 2.6% to $4,003 an ounce and was down 11.5% month to date, marking its worst monthly performance since 2008. The sudden geopolitical de-escalation drove a rapid repricing across energy and precious metals.

U.S. crude oil futures fell 4.2% to $70.14 a barrel, the steepest decline among major commodities in the session. Gold, silver and copper also weakened. U.S. stock indexes were broadly higher, but the energy sector dropped 1.7%. Paychex reported better-than-expected Q4 results, though it was a single-stock move rather than a cross-asset driver.

The U.S. and Iran have reached a phased framework for nuclear talks that includes a 60-day waiver for Iranian crude exports, lifting a naval blockade and conditional access to frozen assets, while Iran pledged zero fees for ships transiting the Strait of Hormuz. Washington retains the option to end negotiations immediately if Tehran’s assurances prove false. Prediction markets put the probability of Hormuz traffic returning to pre-disruption norms at 44% by July 31 and 86% by Dec. 31, while Brent has fallen below $75 a barrel and the IEA estimates the UAE is exporting at nearly 85% of prewar levels.

CryptoQuant’s CEO criticized MicroStrategy for continuing to buy Bitcoin, arguing it is intensifying cash-flow pressure as the company’s USD reserve has fallen 38% since the start of 2026 and annual dividend obligations have risen to $1.2 billion. He said Strategy has $1.1 billion in cash versus $2.8 billion needed to cover 24 months of dividends, while STRC fell to $82.50—its deepest 17.5% discount to par. The note also flagged MSTR testing the $100–$103 support zone, warning that a break below $100 would leave no major support until much lower.

Sunrun, Tesla and Renew Home said they reached a 16-gigawatt framework agreement to aggregate distributed energy resources, combining home batteries, smart thermostats and electric vehicles to supply dispatchable power for data centers and the grid. The deal requires no new hardware and is designed to be deployed in months, with Virginia already offering 300 megawatts of immediately available capacity. Sunrun shares rose 19.28%, and Tesla was named as a core partner for batteries and energy dispatch.

Micron Technology shares rose 3.81% to $1091.80 in Wednesday premarket trading as investors positioned for its upcoming fiscal results. Wall Street expects fiscal third-quarter EPS of $20.76 and revenue of $35.75 billion, implying a sharp year-on-year jump. Options markets are pricing an implied one-day move of about 14% in either direction, according to Benzinga Pro data.

SanDisk shares were up 3.13% at $2025.00 in Wednesday premarket trading as investors focused on Micron’s upcoming earnings report. Options markets are pricing an implied move of roughly 14% in either direction after the release, fueling optimism toward memory-chip names. The article argues memory has shifted from a commodity to a strategic asset, drawing a comparison to NVIDIA’s AI infrastructure buildout cycle. It adds that SanDisk’s move is largely event-driven sentiment spillover rather than a change in the company’s fundamentals.