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6/26
09:33
Svmuu News: According to the latest data from Gate, the price of gold has risen to $4,052.89 per ounce, marking an intraday gain of 1.58%. The price of silver has risen to $58.358 per ounce, marking an intraday gain of 1.11%.
The BVIX (BTC Volatility Index) is currently quoted at 46.72, up 6.45% for the day. The EVIX (ETH Volatility Index) is currently quoted at 59.76, up 1.98% for the day. In the foreign exchange market, the U.S. dollar against the offshore yuan (USD/CNH) rose 0.03% intraday, with the current exchange rate at 6.80343. The U.S. dollar against the Japanese yen (USD/JPY) fell 0.06% intraday, with the current exchange rate at 161.657.
In global stock indices, the Euro Stoxx 50 Index (EUSTX50) fell 0.24% intraday to 6,203.53 points; the UK FTSE 100 Index (UK100) fell 0.73% intraday to 10,433 points; and the German DAX 40 Index (GER40) fell 1.36% intraday to 24,636.8 points. In the commodities market, WTI crude oil fell 2.41% intraday to $70.36 per barrel. Brent crude oil fell 2.63% intraday to $73.71 per barrel.
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09:32
Svmuu News: According to data from MSX.COM, at the opening of U.S. markets, the Dow Jones Industrial Average was down 0.36%, the S&P 500 was down 0.66%, the Nasdaq Composite was down 1.1%, and the VIX fear index rose 8.91%.AI-related stocks were broadly lower, with ON Semiconductor down 18.82%, Micron down 5.62%, Astera Labs down 5.39%, Teradyne down 4.44%, and CoreWeave down 4.42%.
It is reported that MSX is a leading RWA trading platform that has listed hundreds of RWA tokens to date, covering popular U.S. stocks and ETF tokens such as NVDA, GOOGL, MSFT, AMZN, META, TSM, and AMD.
09:26
[Svmuu News] Christian Mueller-Glissmann, a strategist at Goldman Sachs, said that as chipmakers’ stock prices continue to fluctuate, large-cap tech stocks may become more attractive amid the AI trading frenzy.Although the market has been led primarily by chipmakers and companies benefiting from AI capital expenditures—rather than hyperscale cloud service providers—Mueller-Glissmann pointed out that these leading stocks belong to the highly volatile segment of the AI sector and have accumulated significant positions and leverage through instruments such as ETFs and options.“If you believe the momentum behind AI will continue, you’d want to diversify your investments into hyperscale cloud service providers and possibly reduce your allocation to semiconductors. Because within the AI capital expenditure landscape, semiconductors are the truly volatile segment,” Mueller-Glissmann, Head of Asset Allocation Research at Goldman Sachs, said in an interview.(Bloomberg)
09:23
Svmuu News: As oil prices fell more than 3% and the market reassessed the outlook for U.S. interest rates, U.S. Treasury yields and the dollar declined. CME Group(CME) Federal Reserve’s monitoring tool shows that the probability of one rate hike this year remains high at 42%, while the probability of a second hike has fallen from 34% a week ago to 28% as inflation expectations cool.A Wall Street Journal survey indicates that the University of Michigan Consumer Sentiment Index, scheduled for release at 10 a.m. Eastern Time (10 p.m. Beijing time), is expected to rise from 44.8 to 49. (Jin Shi)
09:19
Svmuu News: The South Korean government has announced the formation of an interagency consultative body to address crimes committed using artificial intelligence (AI) technology, such as “digital sex crimes,” financial fraud, and false advertising. This new body, named the “Inter-ministerial Consultative Body for Addressing AI-Related Crimes,” comprises members from 10 government agencies, including the Korea Communications Commission, the Ministry of Science and ICT, the Ministry of Gender Equality and Family, the Financial Services Commission, and the National Police Agency.
09:14
Svmuu News: “The White-Haired Stock Guru” Serenity posted that while some of the observations in the UBS report have anecdotal validity, what deserves more attention is the growing number of Chinese reports regarding the distillation of Anthropic’s models. Currently, many U.S. startups and tech companies are leaning toward using cheaper Chinese models (such as DeepSeek) for AI applications, as their per-task costs are significantly lower than those of inference models like Gemini, OpenAI, and Anthropic.
Serenity believes that this trend, driven by capitalism, creates a “classic paradox”—companies will naturally opt for lower-cost solutions, thereby eroding the competitive edge of U.S. models. He proposes that the U.S. must respond by focusing on two areas:
First, build stronger access control and authentication systems, such as “KYC-heavy cutting-edge models” for the U.S. domestic market and tiered access mechanisms for allies, to reduce the risk of model distillation and misuse; At the same time, the U.S. could introduce an identity verification system akin to “bank-level authentication for AI” (such as biometrics combined with short-term access tokens) to raise the threshold for model access and use regulatory measures to restrict account sharing and the resale of access rights.
Second, the U.S. must improve the cost-efficiency of its reasoning models so that they comprehensively outperform competitors like DeepSeek in both price and performance.
Serenity also noted that some high-end models are currently frequently subject to “distillation exploitation”; ideally, additional friction costs should be introduced for accessing models approaching AGI-level capabilities. In summary, the core challenge facing the U.S. AI industry lies in achieving “low-cost inference capabilities” while simultaneously establishing model access security mechanisms comparable to those of the financial system.
09:02
Svmuu News: According to Gate data, spot gold rose by $15 in short order, breaking through the $4,060 per ounce mark, with a daily gain of 0.83%. The U.S. Dollar Index (DXY) fell by more than 10 points in short order and is currently trading at 101.06.
09:01
Svmuu News: According to AlArabiya, the next round of U.S.-Iran talks will take place on June 28 and 29. (Jin Shi)
08:58
Svmuu News: According to Onchain Lens, after eight months of inactivity, a whale opened a 20x leveraged short position on Ethereum. The position currently holds 12,832 ETH, valued at $19.7 million.
08:57
According to Svmuu, Phong Le, CEO of Strategy, stated that global markets and various industries are experiencing uncertainty, and during this period, Strategy has accumulated holdings totaling 4% of the world’s Bitcoin. (BitcoinTreasuries)
08:51
Svmuu News: Kevin Warsh, Chairman of the Federal Reserve, has appointed two senior in-house economists to serve as his advisors: Daniel Covitz, Deputy Director of the Bureau of Research and Statistics (Federal Reserve), and Eric Engstrom, Assistant Director of the Bureau of Monetary Affairs.Covitz’s current research at Federal Reserve includes asset bubbles and the stability of short-term credit markets. According to Federal Reserve, Engstrom’s work includes studying the co-movement of stocks and bonds, as well as corporate profits and entrepreneurial activity. (WSJ)
08:51
Svmuu News: According to market reports, SK Hynix plans to issue American Depositary Receipts (ADRs) on the Nasdaq Global Select Market at a price of $166 per share, raising approximately $29.4 billion.Institutional analysts believe that U.S. investors purchasing shares at this price are effectively getting a bargain; they expect the stock price to rise by 20% and narrow the valuation gap with its competitor, Micron Technology.
08:49
Svmuu News: According to Iran's Press TV, the United States and Iran have established a communication channel in the Strait of Hormuz. (Jin Shi)
08:46
Svmuu News: The Thai government has officially issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of colluding with transnational criminal organizations to launder billions of dollars for transnational internet fraud and online gambling rings through illegal cryptocurrency “mining.” Reuters cited an investigation by blockchain analytics firm TRM Labs, which found that Wang Yicheng’s cryptocurrency wallet received at least $9.1 million (approximately 71.35 million Hong Kong dollars) between 2021 and 2022, all of which was linked to “pig butchering” scams.
Thailand’s Special Investigation Bureau issued a statement saying that U.S. law enforcement agencies have identified Wang Yicheng as a suspect in a digital asset fraud case. U.S. authorities had previously traced the flow of funds stolen from a victim in Massachusetts to an account registered under Wang Yicheng’s name and seized approximately $500,000 worth of cryptocurrency. (Lianhe Zaobao)
08:44
Svmuu News: According to OKX market data, BTC has fallen below 59,000 USDT and is currently trading at 58,992.6 USDT, down 3.86% over the past 24 hours.
08:37
Svmuu News: The preliminary figure for the U.S. goods trade deficit in May was $105.8 billion; market expectations had been for a deficit of $85.0 billion. U.S. goods imports in May rose 3.6% month-over-month, while goods exports fell 5.4% month-over-month. (Jin Shi)
08:35
According to Svmuu News (Goldman Sachs), although the U.S. IPO market has rebounded significantly in 2026, the current level of activity remains well below the speculative frenzy seen during the dot-com bubble.Data shows that as of 2026, approximately 50 companies in the U.S. have completed IPOs, double the number from the same period last year; the total amount raised is approximately $120 billion, approaching the record level set for the entire year of 2021.
Goldman SachsBen Snider, Chief U.S. Equity Strategist, noted that this round of IPO recovery is more of a “normal cyclical rebound,” driven by factors such as a wave of large-cap IPOs and rising capital expenditure demand related to artificial intelligence.However, he emphasized that compared to the dot-com bubble of 2000 and the market frenzy of 2021, the current market still lacks an extreme number of speculative offerings.Over the past 25 years, the average annual number of IPOs in the U.S. has been around 100, while in 2021 it exceeded 250, and in 1999 it was closer to 400.
At the same time, the market structure has also diverged: the pace of IPOs for crypto companies has slowed significantly, with firms such as Payward (the parent company of Kraken), Consensys, Ledger, and Grayscale all delaying or suspending their listing plans.Analysts point out that capital is increasingly flowing toward IPOs in the AI and technology sectors—including potential or high-profile offerings such as OpenAI and SpaceX—which is temporarily dampening enthusiasm in the crypto asset market.While the current market still exhibits “early signs of a bubble,” such as high valuations and AI-dominated investment themes, the number of IPOs remains significantly below levels seen during periods of historical mania. Overall, the market is closer to a structural recovery than a full-blown speculative cycle. (CoinDesk)
08:32
Svmuu News Coinbase The company issued an official statement indicating that it is cooperating with the Brooklyn District Attorney’s Office in New York to assist in the investigation of a long-running identity fraud case targeting the platform’s users and to help victims recover their funds.
According to the Brooklyn District Attorney’s Office, a Brooklyn man has been charged with long-term impersonation of Coinbase customer service representatives. Using social engineering tactics, he led users to believe their accounts had been compromised and instructed them to transfer funds to a “secure wallet,” after which he transferred and stole the funds.The case involves approximately 100 victims and nearly $16 million in losses; over $600,000 has been recovered so far.
Coinbase The company stated that such scams do not stem from platform security vulnerabilities but are social engineering attacks that exploit users’ trust and a sense of urgency. Common tactics include forging identities, impersonating customer service representatives, and instilling fear of account risks.The company stated that it has cooperated with law enforcement agencies on multiple investigative tasks, including identifying suspects, assisting with victim notifications, providing data support for legitimate requests, and tracking funds on-chain. It emphasized that blockchain traceability helps law enforcement track the flow of funds.
Coinbase The company also reminded users that the platform will never ask them to transfer funds to a “secure wallet,” nor will it request 2FA verification codes, mnemonic phrases, or password reset links. It advised users to contact customer service only through official in-app channels and stated that it will continue to strengthen anti-fraud mechanisms, user education, and cooperation with law enforcement to combat increasingly sophisticated crypto asset fraud.
08:26
Svmuu News: As companies begin to reevaluate the return on their AI investments, the industry is shifting from a high-consumption “tokenmaxxing” model to one that prioritizes efficiency, and AI large-model providers are facing new growth constraints. Several companies have already begun cutting or optimizing model call costs. For example, the CEO of AI startup Lindy stated that the company has switched 100% of its traffic from Anthropic’s Claude model to the lower-cost DeepSeek, expecting to save millions of dollars within a few months.
This shift reflects tightening enterprise AI budgets, as the past “tokenmaxxing” model—which allowed for “unlimited use of model resources”—is gradually being replaced by cost control and ROI-driven approaches. Some companies have even established tiered budgets for AI tool usage; for example, Uber has set a monthly cap on internal AI spending.
Analysts point out that as companies shift from “expanding usage” to “fine-tuning deployment,” the rapid growth model that OpenAI and Anthropic previously relied on is facing challenges. Industry data still shows strong growth: Anthropic’s annualized revenue is approximately $47 billion, while OpenAI’s run rate is close to $25 billion, but the market is beginning to focus on the sustainability of this growth.
At the same time, the way models are invoked is changing, with technologies such as “model routing” emerging—using low-cost models to replace high-end ones for simple tasks in order to optimize overall computing costs. Industry competition is also intensifying, with Microsoft, Amazon, and Google all accelerating the rollout of low-cost AI models and enterprise-grade tools, further squeezing pricing margins. Against the backdrop of more rational AI spending by enterprises, large-model companies may face a situation where “expectations of slowing growth” coexist with “pressure to go public.” (CNBC)
08:24
Svmuu News: Carlos San Basilio, Chairman of the Spanish Securities Market Regulator (CNMV), stated that no extensions or exemptions will be granted during the transition period for the EU’s Markets in Crypto-Assets Regulation (MiCA), including for platforms such as Binance that have not yet obtained MiCA authorization.Unlicensed crypto companies must exit the EU market by the end of June. The CNMV said it is communicating with relevant platforms regarding exit arrangements to ensure the orderly transfer of client assets and protect investor rights. It also reminded investors that, once the transition period ends, new transactions on unlicensed platforms will no longer be protected under the MiCA framework. (Reuters)

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