Major cryptocurrencies experienced a sharp decline of nearly 9% last week, as investor enthusiasm shifted toward artificial intelligence-linked equities. Dogecoin fell 9.6% to around $0.076, Hyperliquid's HYPE dropped 9.9%, Ether slid 8.4% to approximately $1,581, and XRP declined 7.8% to $1.06. Bitcoin showed relative resilience, dipping 5.3% to near $60,345 after briefly touching $58,800. According to Alex Kuptsikevich of FxPro, the pattern suggests margin liquidations followed by strong buy orders, but institutional sentiment remains fragile, with ongoing sell pressure and leveraged trading volatility expected.
i-80 Gold Reports Archimedes Drill Results
i-80 Gold (TSX:IAU) released assay results from its Archimedes Underground Project in Nevada, with shares trading at CA$2.03. The stock has gained 128.09% over the past year but declined 31.88% over three years. Analysts assign a fair value estimate of CA$4.53, nearly double the current price, citing growth potential from underground mining ramp-up and the Lone Tree autoclave commissioning, which is expected to boost gold recovery from 55-60% to about 92% by 2027. This could enhance profit margins and cash flow. However, the price-to-sales ratio of 9.2x, well above the industry average of 4.7x, indicates valuation risks if growth expectations falter. Execution risks related to multi-project delivery and funding remain.
NSE IPO Could Value Exchange at Rs 5 Lakh Crore
The National Stock Exchange of India Ltd (NSE) is planning an IPO expected to value it around Rs 5 lakh crore. The IPO will be an Offer for Sale, with existing shareholders including State Bank of India and Canada Pension Plan Investment Board offloading about 6% equity. NSE dominates India's cash equities (93%) and equity futures (nearly 100%), with strong positions in currency derivatives and corporate bonds. Two key valuation scenarios emerge: a Rs 5 trillion market cap with 35-36x FY28 earnings multiples, and a Rs 5.5 trillion cap with up to 40x multiples, reflecting sensitivity to growth and regulation. NSE reported strong revenue CAGR of 24% (FY21-FY26) and expects net profit growth near 16% CAGR through FY28.
Vizsla Silver Advances Panuco Project
Vizsla Silver Corp. has advanced its Panuco silver-gold project in Mexico by signing an equipment supply contract with FLSmidth for major processing plant components. The deal supports a phased plant expansion and seamless integration of the Napoleon mine, highlighting the company's focus on long-term operational flexibility and scalability. This step moves Panuco beyond feasibility studies into active engineering, aiming to boost investor confidence despite current losses and no revenue. However, challenges remain with project financing, complex execution in Mexico, and a volatile share price. Analysts show wide-ranging fair value estimates, reflecting uncertainty. The deal represents a critical near-term catalyst as Vizsla Silver strives to transition from discovery to disciplined mine construction.
US-Iran Tensions Impact Hormuz Strait; Oil Steady
US forces struck Iranian targets after an Iranian drone hit a cargo ship in the Strait of Hormuz, a critical oil transit route. Iran's Revolutionary Guards retaliated with attacks on US forces. Despite the escalation, Brent crude oil prices fell more than 2% to around $74 a barrel, staying near pre-conflict levels. Traders are betting the disruption remains temporary, as no major supply cuts occurred and shipping continues. ASX stocks to watch include energy producers Woodside, Santos, and Whitehaven Coal, which could benefit if tensions escalate and crude rises. Defence firms DroneShield and Electro Optic Systems may also gain from increased defence spending. Investors remain cautious, monitoring whether the calm oil market holds amidst ongoing conflict risk.
US Stock Market Opens for June 27, 2026
US stock markets opened for trading on June 27, 2026, with live updates beginning at 4:00 AM EDT. Investors and analysts are closely watching early market movements and economic signals to gauge the day's trading trends.
