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Svmuu News: According to a new filing with the U.S. Securities and Exchange Commission (SEC), Musk has exercised all his rights under the 2018 Tesla CEO compensation plan, receiving 304 million shares with a book value of approximately $116 billion(approximately 780 billion yuan). However, these shares will be subject to a lock-up period until 2028. Only then will Musk be able to sell them. (CLS)

Svmuu News: Republican Representative William Timmons, Chairman of the U.S. House of Representatives Subcommittee on Military and Foreign Affairs, announced that a roundtable discussion will be held on June 25 to focus on how digital assets and cryptocurrencies can help individuals protect their wealth, access aid, and maintain economic autonomy. In addition, the roundtable will explore the interplay between digital finance and U.S. national security interests, and examine how the United States can maintain competitiveness in the digital finance sector by promoting financial innovation.

Svmuu News: Alex Thorn, Head of Research at Galaxy Digital, has released an update on the latest developments in the lawsuit surrounding “the case seeking to assert legal ownership of Satoshi Nakamoto’s Bitcoin,” filed by two anonymous Wyoming-based companies. The companies are seeking a court ruling that the approximately 39,069 BTC held in a long-dormant Bitcoin address constitutes “abandoned property,”and thereby obtain legal title to the relevant BTC. The assets in question are reportedly valued at over $200 billion and include some wallets believed to date back to the “Satoshi era”: 1.On May 29, Ian R. Cohen, an attorney with Bitcoin, submitted an amicus curiae brief. His key arguments included: New York’s lost property laws do not apply to self-custodial Bitcoin; “dormant” does not equate to “abandoned”;the court has no jurisdiction over private keys; he emphasized that within the Bitcoin system, “control of the private key equals ownership,” and without control of the private key, one cannot claim ownership of the assets. 2. On June 4, Judge Kathy King granted Cohen’s request for a hearing and issued a stay on the entire case, freezing further proceedings pending a formal trial. This move effectively prevented the plaintiff from obtaining a judgment through the “no response → default judgment” route. 3. On June 18, the plaintiffs’ attorney, David Lin, filed a motion to rescind or narrow the stay order, arguing that non-parties should not influence the course of the case and contending that if the defendant did not appear, amicus curiae briefs would be unnecessary. 4. On June 19, Cohen filed a forceful rebuttal, stating that the stay was initiated by the court itself, and that “no appearance by the defendant” was precisely the structural issue in this case—the 39,069 addresses listed as “defendants” were inherently unable to appear in court.therefore the court must rely on third-party opinions to avoid a default judgment. He further questioned the plaintiff’s attempt to circumvent procedural thresholds by setting a $10 claim amount while seeking to advance a determination of ownership potentially involving hundreds of billions of dollars Bitcoin, and emphasized that on-chain data indicates that some addresses “flagged as dormant” still experienced transfers during the proceedings,with at least 52 addresses having moved approximately 34,335 BTC (about $2.48 billion), including 29 addresses that transferred approximately 12,302 BTC “after service of process,” thereby undermining the core premise of “abandoned assets.” Alex Thorn noted in his analysis that the case is still pending; if a default judgment is issued, it could have far-reaching implications for the legal definition of self-custodial assets under Bitcoin and spark a long-term debate over whether “dormant addresses are equivalent to unclaimed assets.”

Svmuu News: The AI boom has caused a sharp surge in electricity demand from data centers across the United States, leading to persistently rising electricity prices in many areas, with some regions even issuing power outage warnings. To alleviate the power supply crisis, the U.S. Federal Energy Regulatory Commission (FERC) on the 18th directed regional grid operators to consider new agreements to accelerate the grid connection of large electricity consumers, such as data centers. The commission also stated that, moving forward, it will no longer proactively consider environmental impacts under the National Environmental Policy Act when drafting regulations. According to Data Center Map, there are currently more than 4,000 operational data centers in the U.S., with a large number more in the planning or construction stages. However, the pace of data center construction far outstrips the rate at which new power plants come online. Coupled with slow progress in connecting these facilities to the grid, major U.S. tech giants are doing everything they can to secure power allocations for their data centers. Statistics from the Electric Power Research Institute show that data centers currently account for about 5% of total U.S. electricity demand, a figure that is projected to rise to approximately 20% by 2035. (CCTV Finance)

Svmuu News: A Tencent customer service representative stated that WeChat Xiao Wei (Smart Assistant) is a native AI assistant currently being tested by the WeChat team on a limited scale and is still in the testing phase. The representative explained that WeChat Xiao Wei supports operating WeChat’s native features via text or voice commands, such as adjusting settings, sending messages, and making phone calls. Xiao Wei currently utilizes multiple AI models, including those developed in-house by Tencent as well as high-quality open-source models. “The current limited beta test of WeChat Xiao Wei covers multiple systems; please refer to the actual page display for specific eligibility requirements,” the customer service representative said. (Beike Finance)

Svmuu News: Data released by a16z crypto shows that weekly trading volume in prediction markets reached $10.8 billion for the first time, setting a new all-time high. This record-breaking growth was driven by a confluence of global events, including the SpaceX IPO, the U.S.-Iran peace agreement, the NBA Finals, and the World Cup. a16z crypto noted that the prediction market has expanded rapidly over the past year; one year ago, weekly trading volume was approximately $500 million, and even during periods of high market activity, it remained below $1 billion; However, trading volume has risen steadily since last fall and has stabilized in the $6 billion to $7 billion range this spring. Even during the current “low-volatility week,” the market’s scale has already significantly exceeded the peak levels seen a year ago, indicating that liquidity and participation in prediction markets are undergoing a sustained structural uptrend.

Svmuu News: The U.S. Securities and Exchange Commission (SEC) is preparing to introduce a new policy that would allow crypto companies to offer blockchain-based stock tokenization trading, which could have a significant impact on the structure of traditional stock markets. According to SEC Chairman Paul Atkins, companies will be allowed to experiment with new digital asset business models—including tokenized trading of U.S. stocks—without having to fully comply with existing disclosure and investor protection rules. However, the proposal has also raised concerns among traditional financial institutions, including Castle Securities and SIFMA, which believe the changes could divert liquidity and pose risks of regulatory arbitrage. As of now, the SEC has not issued a public statement on the matter. (Reuters)

Svmuu News: Kelp has announced that it has officially discontinued the rsETH cross-chain bridging service across 20 networks, but emphasized that user assets remain secure. If users have not completed the cross-chain transaction by the deadline, they can retrieve their assets through the recovery process:Users must burn their rsETH on the source chain and pay a fixed fee of 100 USDC on the Ethereum mainnet. They must then submit the transaction records for both transactions to the official team via email. The project team will settle accounts quarterly and transfer the rsETH back to the Ethereum mainnet. Users within the Movement ecosystem will follow a separate processing procedure, but the asset security safeguards remain the same. Kelp stated that this recovery window will remain open until June 15, 2027, and reminded users to submit requests only through this email address to avoid risks.

Svmuu News: U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce shared her views on the future of perpetual contracts, prediction markets, and digital asset regulation, striking an overall positive and open tone. Hester Peirce reviewed the Rule 611 “trade-through” proposal, which has been in the works for about 20 years, noting that the so-called “innovation exemption” mechanism will be intentionally designed to be strict and limited in order to balance market innovation with investor protection. Hester Peirce stated that a clearer regulatory framework should be adopted for new financial products such as tokenized securities, perpetual contracts, and prediction markets, rather than simply imposing restrictions or vague regulations. She also emphasized two core principles: Self-custody and financial privacy should serve as foundational rights in the future regulatory framework and be incorporated into the design of subsequent digital asset regulatory systems.

Svmuu News: Serenity, known as the “White-Haired Stock Guru,” has released his personal investment insights, providing valuation and shareholding structure analyses of several technology and semiconductor-related companies, with a focus on net asset value (NAV) discounts and growth momentum. His key points include: 1. Wistron is considered one of his top picks, with a current market capitalization of approximately $16.2 billion. Its Q1 revenue grew 144% year-over-year, and it holds approximately a 35.46% stake in WiWynn; the implied value of this stake is about 0.66 times Wistron’s market capitalization; 2. WiWynn is expected to continue growing and has become one of the firm’s key assets under observation; 3. Priortech holds approximately 21% of Camtek’s shares, with the value of this stake amounting to about 1.35 times its own market capitalization; this is viewed as a controlling-interest-type structure; 4. GlobalWafers is noted to have a significant NAV discount (approximately $3.5 billion market capitalization vs. an equity value of approximately $7.9 billion); 5. South Korean companies Iljin Holdings and Simmtech Holdings were also noted to have significant NAV discounts, but he remains cautious regarding South Korean corporate governance and the ability to realize valuations. Serenity noted that the analysis is still in the research phase and no final investment conclusion has been reached, but the firm is inclined to further increase its concentration in these holdings on Monday, emphasizing that some of these companies possess independent growth potential and room for NAV revaluation.

Svmuu News: il.hl, an analyst on the Hyperliquid ecosystem, released comparative data showing that Hyperliquid’s revenue per employee reached approximately $56.42 million, significantly higher than that of traditional financial institutions and crypto trading platforms. The comparative data shows: 1.Hyperliquid: Approximately $790 million in revenue, approximately $20.6 billion in valuation, 14 employees, and a profit margin close to 100%; 2. Robinhood: approximately $4.47 billion in revenue, approximately $97.2 billion in valuation, approximately 2,400 employees, and approximately 42% profit margin; 3. CME Group: approximately $6.52 billion in revenue, a valuation of approximately $88.5 billion, approximately 3,800 employees, and a profit margin of approximately 62%; 4. Nasdaq: Approximately $8.26 billion in revenue, a valuation of approximately $46.5 billion, approximately 9,200 employees, and a profit margin of approximately 22%. Analysis shows that Hyperliquid achieves extremely high efficiency under its “protocol-level infrastructure” model: revenue is nearly equivalent to net profit, and operating costs are close to minimal levels, reflecting a structural characteristic where “revenue does not grow linearly with headcount.”However, these current advantages are based on a phase where regulatory and compliance costs have not yet been fully factored in; if compliance pressures increase in the future, profit margins may narrow somewhat.

Svmuu News: In an exclusive interview with Galaxy Research Director Alex Thorn on the Galaxy Brains podcast, CZ stated that he is no longer operating a trading platform, which gives him more time to engage with developers, and that he is excited about some of the new features coming to BNB Chain. CZ said that BNB Chain is developing its next version, which will deliver faster speeds, lower costs, and additional privacy controls. CZ also mentioned that a year to a year and a half ago, he was skeptical about Real-World Assets (RWAs), unsure whether there would be sufficient trading demand for such assets. However, the rapid development of RWA products—such as stablecoins, oil futures, and AI stocks—has exceeded expectations, demonstrating that there is genuine global demand for access to these assets. Furthermore, CZ believes that crypto should not be viewed as a standalone industry, but rather as a technological tool that makes financial transactions faster, cheaper, and more transparent. In the future, the boundaries between traditional finance and the crypto industry will gradually disappear, ultimately forming a more globalized, efficient, and low-cost financial system.

Svmuu News: In an exclusive interview on the Galaxy Brains podcast with Alex Thorn, Head of Research at Galaxy, CZ stated that quantum computing does not pose an unsolvable problem for Bitcoin, and that the community can address the associated risks by upgrading to post-quantum cryptography schemes. Regarding the approximately 1 million BTC held by Satoshi Nakamoto, CZ believes that “doing nothing” is not an ideal solution.He suggested that if Bitcoin completes its post-quantum upgrade in the future, the community could grant a 6- to 12-month transition period; if no transactions occur from the relevant addresses during this time, those addresses should be frozen under the new protocol, and the associated BTC removed from circulation. CZ stated that if no action is taken, this portion of BTC could ultimately be acquired by the first person to use quantum computing to crack the relevant addresses, which would not be a reasonable method of distribution. However, he emphasized that the final course of action should still be determined by the Bitcoin community through consensus mechanisms such as voting.