Solana's Surging Solaxy Presale

And: Boeing, Airbus at the Paris Air Show.

June 16, 2025

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Today is Monday, June 16, 2025.

The Early Bird Index today is 81.54

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Solana's Surging Solaxy Presale

Solana $SOL.X ( ▲ 8.32% ) was the big winner among major cryptocurrency prices on Sunday with a 6% jump.

Details: The Solana ecosystem is drawing attention due to upcoming launches and developments. This includes the Solaxy project.

Definition: Solaxy is a scaling solution built on the Solana blockchain that is designed to make transactions faster and more efficient.

Powering the Story: The Solaxy Presale is set to end today. It has raised nearly $50 million since its launch about six months ago. The project raised over $500,000 this past weekend, according to a report from CoinCentral.

Early Bird’s Nest Egg Gains: Solaxy aims to make Solana faster, cheaper, and more reliable.

  • Instead of relying solely on hype or meme culture, Solaxy focuses more on infrastructure and utility. It adds a robust Layer 2 network and bridges to Ethereum $ETH.X ( ▲ 4.47% ) .

  • Solaxy is the first dedicated Layer 2 rollup solution explicitly built for the Solana blockchain ecosystem.

Final Thoughts: Although Solana jumped on Sunday, the price is down about 8% in the last 30 days.

Take the bite out of rising vet costs with pet insurance

Veterinarians across the country have reported pressure from corporate managers to prioritize profit. This incentivized higher patient turnover, increased testing, and upselling services. Pet insurance could help you offset some of these rising costs, with some providing up to 90% reimbursement.

Notables

Notable Earnings Today: Lennar (NYSE: LEN), Digital Turbine (Nasdaq: APPS), High Tide (Nasdaq: HITI), RF Industries (Nasdaq: RFIL), PowerFleet (Nasdaq: AIOT), Renew Energy Global (Nasdaq: RNW).

Notable IPOs Today: Inflection Point Acquisition Corp. III Class A Ordinary Shares (Nasdaq: IPCX), New Providence Acquisition Corp. III Class A Ordinary Shares (Nasdaq: NPAC).

Notable Equity Crowdfunding Campaigns Ending Today: Yoppa Stand (Honeycomb).

Notable Economic Events Today: OPEC Monthly Report (7:00 a.m. ET), NY Empire State Manufacturing Index (8:30 a.m. ET).

Boeing, Airbus at the Paris Air Show

The Paris Air Show, a major aviation trade fair, starts this week. Aerospace giants Boeing $BA ( ▼ 1.68% ) and Airbus $EADSY ( ▼ 2.14% ) find themselves in different positions heading into the event.

A Look At Airbus: Bloomberg reported on Sunday that Airbus is considering a longer version of its A220-300 jet, which would increase seating capacity but reduce range.

A Look At Boeing: Meanwhile, Boeing might be unsettled. The Paris Air Show is happening just a few days after the crash of an Air India flight that used the Boeing Dreamliner. Boeing’s CEO canceled his appearance at the show due to the crash.

  • Boeing also recently lowered its global jet demand outlook for the next two decades.

Final Thoughts: Shares of Boeing and Airbus are up 16% and 12%, respectively, in 2025.

Kering Set to Get New CEO

There appears to be a new leader at Kering SA, the global luxury goods group that includes Gucci in its portfolio.

Details: Reuters reported on Sunday that Luca de Meo, CEO of the carmaker Renault, will leave the company to become Kering’s new CEO.

Final Thoughts: Kering’s stock is down 17.30% this year.

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.