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6/1
11:02
Torsten Slok, Chief Economist at Apollo Global Management, Inc., has warned that the initial phase of the AI infrastructure boom will fuel inflation, making it difficult for new Federal Reserve Chairman Kevin Warsh to cut interest rates as quickly as anticipated. “We may need to wait a little longer, as the initial AI boom will inevitably push up inflation,” he stated. He pointed to clear inflationary pressure signals emerging from semiconductor, energy, and labor prices.
This assessment hits at the core contradiction behind the AI boom: while proponents loudly tout its potential for economic growth, the technology's impact is already permeating various aspects of the labor market and monetary policy. Market fears of AI-induced unemployment are overblown, but the scale of capital being poured into AI infrastructure is unprecedented. U.S. tech giants are planning to spend up to $725 billion in capital expenditures this year, primarily for purchasing AI data center equipment.
Warsh had previously argued that productivity gains from AI would pave the way for accommodative monetary policy. His predecessor, Powell, faced fierce criticism from Trump for failing to meet the President's expectations regarding the pace and magnitude of rate cuts. (Jinshi)
10:59
Svmuureports that the US Senate has returned from its Memorial Day recess, but with only about a four-week legislative window remaining before entering a two-week recess related to the July 4th Independence Day holiday, the crypto market structure bill, the Clarity Act, is facing time pressure to advance.
The report indicates that during this period, the Senate must prioritize several agenda items, including the Department of Homeland Security appropriations, Pentagon budget supplements, and the extension of FISA Section 702 authorization, creating a highly congested legislative schedule. Even if the bill enters the deliberation phase, the associated voting process could take one to two weeks.
Meanwhile, the bill itself is still in the coordination phase between versions from the Senate Banking Committee and the Agriculture Committee, with disagreements remaining on some key provisions, making negotiations relatively complex. The prolonged battles over issues such as stablecoin yields have already consumed significant political capital, while the current focus has shifted to unresolved clause differences within the Agriculture Committee's version.
As the bill needs 60 votes in the Senate to overcome a filibuster, bipartisan consensus is critical. Several Democratic senators have indicated that ethical constraints on government officials' crypto asset holdings and the regulatory authority of enforcement agencies in the DeFi sector will be important prerequisites for supporting the bill.
Analysts point out that even if it fails to pass before July 4, the bill could still advance before the August recess. However, if it is postponed deeper into the election cycle, its political momentum may face uncertainty. (Crypto In America)
10:53
Svmuureports that Zhipu announced at a board meeting held on June 1, 2026, that the company proposes to apply to relevant Chinese regulatory authorities for the issuance and allotment of A shares, and to apply to the Shanghai Stock Exchange for the listing and trading of these A shares on the STAR Market. The number of proposed A shares to be issued will account for between 2% and 8% of the company's total share capital upon completion of the proposed A-share issuance (excluding any A shares to be issued upon exercise of the over-allotment option), representing not less than 9,098,838 and not more than 38,768,964 new A shares. The board meeting also passed other additional resolutions relating to the proposed A-share issuance, which will be submitted to shareholders for approval at the annual general meeting.
10:50
Svmuu: According to WSJ, OpenAI has been sued by the Florida Attorney General over damages caused by artificial intelligence. (Jinshi)
10:47
Svmuu reports that Microsoft (MSFT.O) will release a new AI model and make improvements to Windows, according to US tech media The Verge. (Jin10)
10:46
Svmuureports that DeFi protocol Radiant has announced that after 18 months of continuous effort following a hack attack in October 2024, the DAO no longer has a viable path to continue operations and will gradually enter a "sunsetting" phase.
Radiant stated that there is currently no progress in fund recovery, no new capital injection, and a lack of funds and development space to maintain normal operations. Therefore, it cannot proceed with responsible long-term operation.
According to the plan, Radiant will transition to maintenance mode: the frontend interface will continue to run, on-chain smart contracts will remain accessible, and users can still withdraw, repay, and manage positions. However, the project will halt all new feature development, upgrades, and expansions. At the same time, the borrowing cap will be set to zero, incentives for issuing the RDNT token will cease, and treasury funds will be used solely to maintain basic operations. The project's future focus will be entirely on user asset security, fund recovery, and an orderly liquidation process.
Radiant stated that efforts to recover assets will continue, and the relevant recovery portal will remain open. Any future recovered funds will be returned to affected users, but the outcome of the recovery remains uncertain and may take a long time. Although operations are gradually ceasing, on-chain contracts will remain available, and users need to manage their own risks and gradually exit their positions.
10:38
Svmuu News According to Onchain Lens monitoring, Machi Big Brother (Jeffrey Huang) once again experienced partial liquidation of his 25x leveraged long position in Ethereum (ETH) during the market downturn, and has already closed part of the position. He currently still holds a 25x leveraged long position of approximately 2,200 ETH, which is only about $22 away from the next forced liquidation price.
10:35
Svmuu reports that traders expect the US dollar to rise in the coming weeks, supported by factors including persistent uncertainties in US-Iran negotiations and an AI-driven rally in US stocks. The US dollar index rose last month, and investors are currently assessing the difficulty of progress in US-Iran talks. The conflict has led to the closure of the Strait of Hormuz, causing energy prices to soar and raising concerns that central banks worldwide, including the Federal Reserve, may need to raise interest rates to combat inflation. On Monday, the index rose another 0.4%. This followed reports that Iran would suspend information exchanges with the US, given Israel's expanded attacks on Lebanon. (Jinshi)
10:34
Svmuu IBM surged nearly 9% on Monday, increasing its market value by over $24 billion. In a video from a White House event six months ago, U.S. President Donald Trump praised IBM CEO Arvind Krishna as a "legendary figure," but the market did not immediately react at the time. However, over the weekend, dozens of accounts on social media platforms shared the video.
Before Nvidia CEO Jensen Huang made remarks that boosted software stocks, IBM's stock price had already started rising in pre-market trading, setting the stage for a significant surge at Monday's opening bell. This phenomenon highlights the scale of speculative frenzy currently sweeping across various sectors in the market, with the thriving artificial intelligence sector further fueling investors' fervent pursuit of tech stocks. It also reflects Trump's willingness to support specific companies and industries, a practice that sometimes leads to stock market volatility triggered by his remarks. (Jinshi)
10:27
Svmuureports that the S&P 500 index closed at a record high on the last trading day of May, but only a handful of its constituent stocks simultaneously hit new all-time highs, with the majority concentrated in the artificial intelligence sector. This has raised concerns about structural imbalances in the market. Analysts point out that while the index continues to reach new peaks, the rally is confined to a few heavyweight tech stocks, with market divergence approaching historically extreme levels, potentially signaling an accumulation of risks.
Data shows that on Friday, only 20 S&P 500 constituents hit new all-time highs, of which just seven were not directly linked to artificial intelligence. Michael Hartnett, a strategist at Bank of America, noted that this phenomenon closely mirrors the peak of the internet bubble in 2000, when similarly only about 20 stocks reached new highs.
In his latest report, Hartnett warned that speculative sentiment in the market persists, but against the backdrop of high interest rates and tightening policies by central banks worldwide, a market inflection point may be nearing. He advised investors to gradually shift towards defensive asset allocation.
The May rally in U.S. stocks was primarily driven by the semiconductor sector. Micron Technology surged 87.8%, Advanced Micro Devices rose 45.6%, Samsung gained 43%, and SK Hynix climbed 81%, propelling the Nasdaq index to a cumulative 25% increase over April and May, its best two-month performance in over two decades. (Jin Shi)
10:25
According to MSX.COM data, Nvidia's gains expanded to 5%, reaching $222.1 per share, following the announcement of a new superchip designed for Windows PCs. It is expected that related laptops and desktop products will hit the market this fall.
TSMC's stock price surged 5% to $439.5 per share, hitting a new record high, with a total market capitalization of $2.28 trillion. Cloud computing service provider CoreWeave rose over 14%, after the company completed the industry's first deployment and verification of the Nvidia Vera Rubin NVL72 platform.
10:22
According to Lookonchain monitoring, data updated on June 1st shows that Bitcoin ETFs recorded a single-day net outflow of 1,947 BTC, approximately $139.42 million, and a 7-day net outflow of 19,351 BTC, approximately $1.39 billion; Ethereum ETFs recorded a single-day net outflow of 27,948 ETH, approximately $55 million, and a 7-day net outflow of 125,288 ETH, approximately $246.57 million; Solana ETFs recorded a single-day net inflow of 15,902 SOL, approximately $1.27 million, and a 7-day net inflow of 35,374 SOL, approximately $2.82 million.
10:21
Svmuu reported that, according to a Binance Wallet announcement, starting from 08:00 (UTC+8) on June 1, 2026, assets participating in Binance Wallet's DeFi Earn campaign (including current and future eligible credential tokens) will be included in the calculation of Binance Alpha Balance Points. For the specific list of eligible assets, please refer to the Binance Alpha Points FAQ page.
10:16
Svmuu News: According to an official announcement, Binance will launch SKHYNIXUSDT, SAMSUNGUSDT, and HYUNDAIUSDTU-denominated perpetual contracts on June 2, 2026, at 03:00 (UTC).These three contracts track the stock prices of SK Hynix, Samsung Electronics, and Hyundai Motor, respectively. All offer a maximum leverage of 20x, a minimum trade size of 0.01, are settled in USDT, and support multi-asset mode.
10:15
Monitoring from Svmuu Seer Channel shows that the probability of Strategy selling Bitcoin before May surged from today's low of 12% to 80%, but has since fallen back to 58%. The two sides are fiercely debating whether to sell, with the market having already seen over $16.4 million in trading volume.
Earlier market news indicated that Strategy made a rare sale of 32 Bitcoins for $2.5 million. Although Saylor was active on Twitter tonight, he has not issued an official statement on this matter.
The settlement rules for this market state that if Strategy sells any Bitcoin before 11:59 PM Eastern Time on the specified date, the prediction market result will be judged as "Yes"; otherwise, it will be judged as "No."
The primary basis for judgment in this prediction market is information released by MicroStrategy (MSTR) and on-chain data, while also referencing comprehensive conclusions drawn from multiple authoritative reports.
Svmuu Seer Channel continues to monitor prediction markets—seeing change before prices are set.
10:13
Svmuureports that Coinglass data shows total liquidations across the network over the past 4 hours reached $247 million, with long liquidations at $227 million and short liquidations at $20.7 million. Additionally, BTC liquidations amounted to $136 million, while ETH liquidations reached $44.89 million.
10:11
According to Hyperbot data, whale Loracle is reducing its short position on HYPE. Its current 2x leveraged short position on HYPE has decreased to 591,616.65 HYPE, with an unrealized loss of approximately $15.1 million.
10:08
Svmuureports that U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael S. Selig announced the appointment of Dr. Patrick J. Schorno as the agency's Chief Economist. In this role, he will provide economic advisory support to the Commission and integrate regulatory cost-benefit analysis and related research work. It is reported that this appointment aims to strengthen economic analysis capabilities for the U.S. derivatives market, enhance the transparency and scientific rigor of regulatory policies, and support ongoing regulatory coordination efforts with the U.S. Securities and Exchange Commission (SEC).
Dr. Schorno previously served as Deputy Chief Economist at the Public Company Accounting Oversight Board (PCAOB), held the position of Executive Director at Ally Financial, and worked as a Financial Economist at the Federal Reserve Bank of Richmond. His research has been published in journals such as the Journal of Banking & Finance, the Journal of Financial Intermediation, and the Journal of Corporate Finance.
The CFTC stated that this appointment will further enhance its economic analysis capabilities in the formulation of financial regulatory policies.
10:05
Svmuu news: The Zcash Foundation has announced the release of Zebra 4.5.1 version update to fix a consensus-critical security vulnerability and strongly recommends that all node operators upgrade immediately. The vulnerability, identified as GHSA-2prc-cj5x-4443, involves a sigops (signature operation count) counting error in P2SH transactions, which could lead to potential consensus fork risks. This fix corrects an incomplete patch in the previously released 4.5.0 version, which was just released yesterday.
The Zcash development team stated that the issue stems from discrepancies in sigop counting logic between different implementations, which could cause nodes to produce different results when verifying transactions, thereby affecting consensus consistency on the chain. The fix resolves this by reverting and adjusting the Rust implementation logic to ensure alignment with the expected protocol behavior.
The Zcash Foundation emphasized that there is currently no workaround for this issue, and upgrading to 4.5.1 is the only method to ensure nodes remain on the correct chain and avoid potential fork risks.
10:01
Svmuu reported that according to Gate.io data, WTI crude oil futures stood above $94/barrel, up 7.60% intraday. Spot gold touched $4,450/ounce, down nearly 2% intraday.

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