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On June 4, U.S. employment data company Challenger reported that the tech industry announced layoffs of 38,242 in May, marking the highest monthly total for the sector since August 2024. So far this year, the tech industry has announced a total of 123,653 layoffs, a 66% increase compared to 74,716 in the same period of 2025. The sector remains the industry with the most layoffs in 2026 to date. Challenger stated, 'The labor market is being reshaped in real-time by technology. Artificial intelligence has now become the primary reason for layoffs, and the tech industry is the foremost sector affected by this.' It added that AI has not led to the job apocalypse some predicted. Similar to previous technologies like spreadsheets and emails, this technology will ultimately enhance worker productivity, but our data shows that companies are already taking action, with layoffs attributed to AI exceeding any other reason. The pressing question now is not whether AI will change the labor structure, but how quickly those changes will occur.

[Data Shows U.S. Tech Industry Continues to Lead in Layoffs]On June 4, U.S. employment data company Challenger reported that the tech industry announced layoffs of 38,242 in May, marking the highest monthly total for the sector since August 2024. So far this year, the tech industry has announced a total of 123,653 layoffs, a 66% increase compared to 74,716 in the same period of 2025. The sector remains the industry with the most layoffs in 2026 to date. Challenger stated, 'The labor market is being reshaped in real-time by technology. Artificial intelligence has now become the primary reason for layoffs, and the tech industry is the foremost sector affected by this.' It added that AI has not led to the job apocalypse some predicted. Similar to previous technologies like spreadsheets and emails, this technology will ultimately enhance worker productivity, but our data shows that companies are already taking action, with layoffs attributed to AI exceeding any other reason. The pressing question now is not whether AI will change the labor structure, but how quickly those changes will occur.

Data Shows U.S. Tech Industry Continues to Lead in Layoffs

On June 4, the Challenger report from a US employment data company stated that artificial intelligence has been the leading cause of layoffs for the third consecutive month in May, with 38,579 layoffs announced that month. This marks the highest monthly record since Challenger began tracking this reason in 2023, accounting for 40% of all layoffs in May, a significant increase from 7% in January, 25% in March, and 26% in April. So far this year, AI-related layoffs have reached 87,714, representing 22% of all layoffs in 2026, far exceeding the total of 54,836 layoffs due to AI in 2025.

[Report Shows US Layoffs Due to AI Reach Record High in May]On June 4, the Challenger report from a US employment data company stated that artificial intelligence has been the leading cause of layoffs for the third consecutive month in May, with 38,579 layoffs announced that month. This marks the highest monthly record since Challenger began tracking this reason in 2023, accounting for 40% of all layoffs in May, a significant increase from 7% in January, 25% in March, and 26% in April. So far this year, AI-related layoffs have reached 87,714, representing 22% of all layoffs in 2026, far exceeding the total of 54,836 layoffs due to AI in 2025.

Report Shows US Layoffs Due to AI Reach Record High in May

On June 4, SpaceX received tax exemptions from Grimes County, Texas, for its proposed Terafab semiconductor manufacturing project, which is expected to cost at least $55 billion upon full completion, potentially reaching as high as $119 billion.

[SpaceX Secures Tax Incentives in Texas for Terafab Chip Project]On June 4, SpaceX received tax exemptions from Grimes County, Texas, for its proposed Terafab semiconductor manufacturing project, which is expected to cost at least $55 billion upon full completion, potentially reaching as high as $119 billion.

SpaceX Secures Tax Incentives in Texas for Terafab Chip Project

On June 4, Xinhua News (603888.SH) announced that the company plans to invest in the 'Xinhua Dictionary' project, with a total budget of 1.122 billion yuan. Among this, the budget for raised funds is set at 741 million yuan, with the shortfall to be covered by the company's own funds. This project is an important initiative for Xinhua News to promote systematic reform in mainstream media and proactively adapt to the communication laws of the AI era. It aims to create an authoritative AI political information entity, providing core functions such as intelligent Q&A, subscription push notifications, knowledge base, and an intelligent entity plaza. The project's static investment recovery period is 4.17 years, with an internal rate of return of 20.35%.

[Xinhua News to Invest 1.122 Billion Yuan in 'Xinhua Dictionary' Project to Create Authoritative AI Political Information Entity]On June 4, Xinhua News (603888.SH) announced that the company plans to invest in the 'Xinhua Dictionary' project, with a total budget of 1.122 billion yuan. Among this, the budget for raised funds is set at 741 million yuan, with the shortfall to be covered by the company's own funds. This project is an important initiative for Xinhua News to promote systematic reform in mainstream media and proactively adapt to the communication laws of the AI era. It aims to create an authoritative AI political information entity, providing core functions such as intelligent Q&A, subscription push notifications, knowledge base, and an intelligent entity plaza. The project's static investment recovery period is 4.17 years, with an internal rate of return of 20.35%.

Xinhua News to Invest 1.122 Billion Yuan in 'Xinhua Dictionary' Project to Create Authoritative AI Political Information Entity

Following the ceasefire agreement with Lebanon on June 4, Israeli Prime Minister Netanyahu is encountering significant dissatisfaction from voters in the northern regions. According to the latest polls cited by Reuters, support for the Likud party in these areas has sharply declined, with many voters demanding a tougher military response against Hezbollah and accusing Netanyahu of hastily pushing for a ceasefire under U.S. pressure. Data shows that Likud's expected vote share in the north has dropped to 23%, well below the 35% it received in the 2022 elections, with the loss of northern votes being about three times the national average. Nearly 70% of respondents disapprove of the government's handling of the conflict with Lebanon. With elections scheduled for October at the latest, the opposition is intensifying its efforts to capture northern votes. Former IDF Chief of Staff and prime ministerial candidate Gadi Eisenkot has been frequently visiting border areas to rally support, advocating for continued strikes against Hezbollah targets and criticizing the government for trading a ceasefire for political gain. Local residents generally believe that the threat from Hezbollah's ongoing rocket and drone attacks has not been eliminated and hope the IDF will expand military operations. Some voters feel that Netanyahu has been overly influenced by the Trump administration in his security policies. Although the latest ceasefire agreement requires Hezbollah to withdraw from southern Lebanon, Netanyahu has stated that the IDF will continue military operations in the area in the short term. Analysts believe that the shift in public opinion in the north is increasingly putting political pressure on his governing coalition.

[Ceasefire with Lebanon: Netanyahu Faces Declining Support in Northern Constituencies]Following the ceasefire agreement with Lebanon on June 4, Israeli Prime Minister Netanyahu is encountering significant dissatisfaction from voters in the northern regions. According to the latest polls cited by Reuters, support for the Likud party in these areas has sharply declined, with many voters demanding a tougher military response against Hezbollah and accusing Netanyahu of hastily pushing for a ceasefire under U.S. pressure. Data shows that Likud's expected vote share in the north has dropped to 23%, well below the 35% it received in the 2022 elections, with the loss of northern votes being about three times the national average. Nearly 70% of respondents disapprove of the government's handling of the conflict with Lebanon. With elections scheduled for October at the latest, the opposition is intensifying its efforts to capture northern votes. Former IDF Chief of Staff and prime ministerial candidate Gadi Eisenkot has been frequently visiting border areas to rally support, advocating for continued strikes against Hezbollah targets and criticizing the government for trading a ceasefire for political gain. Local residents generally believe that the threat from Hezbollah's ongoing rocket and drone attacks has not been eliminated and hope the IDF will expand military operations. Some voters feel that Netanyahu has been overly influenced by the Trump administration in his security policies. Although the latest ceasefire agreement requires Hezbollah to withdraw from southern Lebanon, Netanyahu has stated that the IDF will continue military operations in the area in the short term. Analysts believe that the shift in public opinion in the north is increasingly putting political pressure on his governing coalition.

Ceasefire with Lebanon: Netanyahu Faces Declining Support in Northern Constituencies

On June 4, according to HTX market data, Bitcoin has once again fallen below $63,000, with a 24-hour decline of 6.01%. In pre-market trading, cryptocurrency-related stocks in the U.S. continue to decline, including: MSTR down 1.19%; COIN down 1.38%; CRCL down 0.80%; SBET down 2.53%; BMNR down 2.31%; HOOD down 2.75%; PURR down 8.29%.

[Bitcoin Falls Below $63,000 Again, 24-Hour Decline of 6.01%]On June 4, according to HTX market data, Bitcoin has once again fallen below $63,000, with a 24-hour decline of 6.01%. In pre-market trading, cryptocurrency-related stocks in the U.S. continue to decline, including: MSTR down 1.19%; COIN down 1.38%; CRCL down 0.80%; SBET down 2.53%; BMNR down 2.31%; HOOD down 2.75%; PURR down 8.29%.

Bitcoin Falls Below $63,000 Again, 24-Hour Decline of 6.01%

On June 4, according to on-chain analyst Ai Yi, HYPE's largest external entity, a16z, has accumulated an additional 155,321 HYPE in the past 14 hours, valued at approximately $11.126 million. Since 2026, a16z has increased its holdings by a total of 6.754 million HYPE, with a total value exceeding $312 million, at an average price of $46.24, resulting in an unrealized profit of $141 million.

[a16z Increases HYPE Holdings by 155,321 in Last 14 Hours, Total Unrealized Profit at $141 Million]On June 4, according to on-chain analyst Ai Yi, HYPE's largest external entity, a16z, has accumulated an additional 155,321 HYPE in the past 14 hours, valued at approximately $11.126 million. Since 2026, a16z has increased its holdings by a total of 6.754 million HYPE, with a total value exceeding $312 million, at an average price of $46.24, resulting in an unrealized profit of $141 million.

a16z Increases HYPE Holdings by 155,321 in Last 14 Hours, Total Unrealized Profit at $141 Million

On June 4, UK Labour MP Jess Asato filed a lawsuit against Elon Musk's artificial intelligence company xAI in the High Court of England, claiming that the Grok chatbot was used to generate deepfake pornographic content and sexualized images involving her. Asato stated that after publicly criticizing Grok in January, users utilized the model to create and disseminate false images of her in a bikini, as well as a fabricated video involving sexual assault scenarios. She believes that the capability to generate such content is not merely a misuse but a choice made by xAI in the system's design. Asato's lawsuit is based on the Data Protection Act and laws related to the misuse of private information, seeking compensation while also aiming to establish a legal precedent for AI companies' accountability for model design and to encourage tech companies to implement more robust safety mechanisms. Previously, xAI stated that it would prohibit users from generating sexualized images of real individuals following public criticism. Currently, in the UK, creating or requesting the generation of adult deepfake content without the consent of the individuals involved is illegal.

[UK Labour MP Sues xAI, Accusing Grok of Generating Deepfake Pornographic Content]On June 4, UK Labour MP Jess Asato filed a lawsuit against Elon Musk's artificial intelligence company xAI in the High Court of England, claiming that the Grok chatbot was used to generate deepfake pornographic content and sexualized images involving her. Asato stated that after publicly criticizing Grok in January, users utilized the model to create and disseminate false images of her in a bikini, as well as a fabricated video involving sexual assault scenarios. She believes that the capability to generate such content is not merely a misuse but a choice made by xAI in the system's design. Asato's lawsuit is based on the Data Protection Act and laws related to the misuse of private information, seeking compensation while also aiming to establish a legal precedent for AI companies' accountability for model design and to encourage tech companies to implement more robust safety mechanisms. Previously, xAI stated that it would prohibit users from generating sexualized images of real individuals following public criticism. Currently, in the UK, creating or requesting the generation of adult deepfake content without the consent of the individuals involved is illegal.

UK Labour MP Sues xAI, Accusing Grok of Generating Deepfake Pornographic Content

Starting from June 3, Xiaohongshu has initiated a special governance action for certified professional accounts in the financial sector. According to relevant laws and regulations as well as platform rules, financial certifications are only issued to institutions holding compliant licenses. The nicknames of certified professional accounts must strictly match the actual business scope of the certified entity and must not obtain certification marks through false or misleading information. In the past week, Xiaohongshu has addressed over 1,500 violating financial professional accounts and will continue to strengthen the verification mechanism for public accounts, conducting regular inspections and handling of existing accounts.

[Xiaohongshu Addresses Over 1,500 Violating Financial Accounts]Starting from June 3, Xiaohongshu has initiated a special governance action for certified professional accounts in the financial sector. According to relevant laws and regulations as well as platform rules, financial certifications are only issued to institutions holding compliant licenses. The nicknames of certified professional accounts must strictly match the actual business scope of the certified entity and must not obtain certification marks through false or misleading information. In the past week, Xiaohongshu has addressed over 1,500 violating financial professional accounts and will continue to strengthen the verification mechanism for public accounts, conducting regular inspections and handling of existing accounts.

Xiaohongshu Addresses Over 1,500 Violating Financial Accounts

HTX data monitoring shows that BTC has fallen below 66,000 USDT, currently reported at 65,990.01 USDT, with a 24H decline of 7.10%.

【BTC falls below 66000 USDT】HTX data monitoring shows that BTC has fallen below 66,000 USDT, currently reported at 65,990.01 USDT, with a 24H decline of 7.10%.

BTC falls below 66000 USDT

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BTC falls below 66000 USDT

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