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On June 17, Citrini researcher Jukan reported that Samsung Electronics is advancing preparations for the mass production of 10nm-class 7th generation 1d DRAM, with plans to introduce equipment in the first half of next year. Initial mass production is expected to start by the end of next year. Currently, the line width of 1c DRAM is about 11-12nm, while 1d will further shrink to 10-11nm to enhance performance and energy efficiency. The development of this process is relatively advanced, but key equipment is still in the development stage. Samsung is actively collaborating with partners to optimize yield and performance, with plans to refine the timeline by the end of the year. The 1d DRAM will serve as the core of Samsung's AI memory business, particularly for the HBM5E high-bandwidth memory core chip expected to be commercially available in 2029, supporting its competitiveness in the AI chip supply chain.

[Samsung Electronics Advances 10nm-Class 7th Generation 1d DRAM Mass Production, Plans to Introduce Equipment in First Half of Next Year]On June 17, Citrini researcher Jukan reported that Samsung Electronics is advancing preparations for the mass production of 10nm-class 7th generation 1d DRAM, with plans to introduce equipment in the first half of next year. Initial mass production is expected to start by the end of next year. Currently, the line width of 1c DRAM is about 11-12nm, while 1d will further shrink to 10-11nm to enhance performance and energy efficiency. The development of this process is relatively advanced, but key equipment is still in the development stage. Samsung is actively collaborating with partners to optimize yield and performance, with plans to refine the timeline by the end of the year. The 1d DRAM will serve as the core of Samsung's AI memory business, particularly for the HBM5E high-bandwidth memory core chip expected to be commercially available in 2029, supporting its competitiveness in the AI chip supply chain.

Samsung Electronics Advances 10nm-Class 7th Generation 1d DRAM Mass Production, Plans to Introduce Equipment in First Half of Next Year

On June 17, Cointelegraph reported that Bitwise Chief Investment Officer Matt Hougan stated, "Everyone is asking if the bottom has been reached, but what really matters is whether the top has been reached. In my view, as long as the top hasn't been reached, Bitcoin remains an excellent buying opportunity."

[Bitwise CIO: Bitcoin Remains an Excellent Buying Opportunity Until the Top is Reached]On June 17, Cointelegraph reported that Bitwise Chief Investment Officer Matt Hougan stated, "Everyone is asking if the bottom has been reached, but what really matters is whether the top has been reached. In my view, as long as the top hasn't been reached, Bitcoin remains an excellent buying opportunity."

Bitwise CIO: Bitcoin Remains an Excellent Buying Opportunity Until the Top is Reached

On June 17, WeChat Pay officially launched the AI Exclusive Card. According to the announcement, with the WeChat Pay AI Exclusive Card, you can express your spending needs during conversations with the Agent, and it will assist you from smart recommendations to placing orders and making payments. Currently, the WeChat Pay AI Exclusive Card is supported for use in WorkBuddy.

[WeChat Pay Officially Launches AI Exclusive Card]On June 17, WeChat Pay officially launched the AI Exclusive Card. According to the announcement, with the WeChat Pay AI Exclusive Card, you can express your spending needs during conversations with the Agent, and it will assist you from smart recommendations to placing orders and making payments. Currently, the WeChat Pay AI Exclusive Card is supported for use in WorkBuddy.

WeChat Pay Officially Launches AI Exclusive Card

On June 17, while investors have no doubt about the Federal Reserve's decision to maintain the federal funds rate target range at 3.50%–3.75%, analysts at Crédit Agricole pointed out in a report that this monetary policy meeting is still one of the most important of the year. 'This will be Kevin Warsh's first meeting as FOMC Chair since taking office, and he will face a daunting task,' said the global market strategist. He noted that the new Fed Chair not only needs to assess the economic situation but may also push for changes, particularly in the central bank's communication strategy. 'His first actions and initial statements will be closely watched, as transitions at the world's most influential monetary institution typically put pressure on capital markets.' (Jinshi)

[Institution: Fed's Meeting This Month Viewed as One of the Most Important of the Year]On June 17, while investors have no doubt about the Federal Reserve's decision to maintain the federal funds rate target range at 3.50%–3.75%, analysts at Crédit Agricole pointed out in a report that this monetary policy meeting is still one of the most important of the year. 'This will be Kevin Warsh's first meeting as FOMC Chair since taking office, and he will face a daunting task,' said the global market strategist. He noted that the new Fed Chair not only needs to assess the economic situation but may also push for changes, particularly in the central bank's communication strategy. 'His first actions and initial statements will be closely watched, as transitions at the world's most influential monetary institution typically put pressure on capital markets.' (Jinshi)

Institution: Fed's Meeting This Month Viewed as One of the Most Important of the Year

On June 17, the Federal Reserve will announce its latest interest rate decision at 2:00 AM Beijing time on Thursday. Half an hour later, newly appointed Chairman Kevin Warsh will hold his first press conference since taking office, with the market fully pricing in a decision to maintain the benchmark interest rate. The market's focus is not merely on interest rate adjustments, but rather on three core themes: the variability of the dot plot and the interest rate path for the year, the controversy over the independence of Federal Reserve policy, and the comprehensive reform of the central bank's communication system advocated by Warsh. Analysts' opinions are significantly divided. The market expects the upcoming quarterly Summary of Economic Projections (SEP) dot plot to show a clear hawkish shift, contrasting sharply with the March meeting three months ago. In March, the vast majority of Federal Reserve officials anticipated rate cuts within the year. However, most policymakers now expect to maintain rates throughout the year, with a minority possibly indicating rate hikes in the dot plot to guard against persistent inflation. The ongoing changes in employment and inflation data have completely shifted the committee's discussion direction; previously, the focus was on when to cut rates, but now the topic has turned to whether there is a need to resume rate hikes. This dot plot will also update economic expectations. Michael Feroli, Chief U.S. Economist at JPMorgan, predicts that Federal Reserve officials will lower their year-end unemployment rate forecast to 4.3%, aligning with the actual unemployment rate over the past three months; at the same time, they will raise core PCE inflation expectations to 2.9%, with some economists even predicting this figure could exceed 3%, providing fundamental support for hawkish expectations. Before taking office, Warsh criticized the current communication framework multiple times during congressional hearings and speeches at the IMF, arguing that the Federal Reserve discloses its policy roadmap excessively, and frequent public statements by officials can bind the central bank to its own rhetoric, losing flexibility to adjust in response to changing economic conditions, leading policymakers to become 'prisoners of their own statements.' Previously, Bernanke suggested that monetary policy relies 98% on communication and 2% on operations, while Warsh aims to completely rewrite this model, with the core idea being to significantly reduce market forward guidance and limit the scale of public information disclosure. Yale University professor and former FOMC secretary William English warns that a significant contraction of the communication mechanism poses substantial risks, as a rapid decline in transparency could exacerbate financial market volatility, making policy adjustments easily exceed market expectations.

[Preview of Warsh's Debut: Dot Plot May Signal Hawkish Shift, Weaker Guidance Could Increase Market Volatility]On June 17, the Federal Reserve will announce its latest interest rate decision at 2:00 AM Beijing time on Thursday. Half an hour later, newly appointed Chairman Kevin Warsh will hold his first press conference since taking office, with the market fully pricing in a decision to maintain the benchmark interest rate. The market's focus is not merely on interest rate adjustments, but rather on three core themes: the variability of the dot plot and the interest rate path for the year, the controversy over the independence of Federal Reserve policy, and the comprehensive reform of the central bank's communication system advocated by Warsh. Analysts' opinions are significantly divided. The market expects the upcoming quarterly Summary of Economic Projections (SEP) dot plot to show a clear hawkish shift, contrasting sharply with the March meeting three months ago. In March, the vast majority of Federal Reserve officials anticipated rate cuts within the year. However, most policymakers now expect to maintain rates throughout the year, with a minority possibly indicating rate hikes in the dot plot to guard against persistent inflation. The ongoing changes in employment and inflation data have completely shifted the committee's discussion direction; previously, the focus was on when to cut rates, but now the topic has turned to whether there is a need to resume rate hikes. This dot plot will also update economic expectations. Michael Feroli, Chief U.S. Economist at JPMorgan, predicts that Federal Reserve officials will lower their year-end unemployment rate forecast to 4.3%, aligning with the actual unemployment rate over the past three months; at the same time, they will raise core PCE inflation expectations to 2.9%, with some economists even predicting this figure could exceed 3%, providing fundamental support for hawkish expectations. Before taking office, Warsh criticized the current communication framework multiple times during congressional hearings and speeches at the IMF, arguing that the Federal Reserve discloses its policy roadmap excessively, and frequent public statements by officials can bind the central bank to its own rhetoric, losing flexibility to adjust in response to changing economic conditions, leading policymakers to become 'prisoners of their own statements.' Previously, Bernanke suggested that monetary policy relies 98% on communication and 2% on operations, while Warsh aims to completely rewrite this model, with the core idea being to significantly reduce market forward guidance and limit the scale of public information disclosure. Yale University professor and former FOMC secretary William English warns that a significant contraction of the communication mechanism poses substantial risks, as a rapid decline in transparency could exacerbate financial market volatility, making policy adjustments easily exceed market expectations.

Preview of Warsh's Debut: Dot Plot May Signal Hawkish Shift, Weaker Guidance Could Increase Market Volatility

On June 17, Lebanese media reported that southern Lebanon was subjected to multiple attacks by Israel. (Xinhua News Agency)

[Multiple Attacks on Southern Lebanon by Israel]On June 17, Lebanese media reported that southern Lebanon was subjected to multiple attacks by Israel. (Xinhua News Agency)

Multiple Attacks on Southern Lebanon by Israel

On June 17, market data showed that U.S. stock market futures increased, with S&P 500 futures rising by 0.3% and Nasdaq futures climbing by 0.6%.

[S&P 500 Futures Rise 0.3%, Nasdaq Futures Up 0.6%]On June 17, market data showed that U.S. stock market futures increased, with S&P 500 futures rising by 0.3% and Nasdaq futures climbing by 0.6%.

S&P 500 Futures Rise 0.3%, Nasdaq Futures Up 0.6%

On June 17, renowned investor Duan Yongping posted on Xueqiu, stating that after recently reviewing the history of SpaceX, he gained a better understanding of the high valuation given by the market and believes that the company may not necessarily fall into the category of 'bubble.' He pointed out that if SpaceX can achieve an annual profit of over $150 billion in the future, a corresponding valuation of about $3 trillion is not unreasonable, and he believes that this level of profitability 'seems possible' over a 5-10 year horizon. However, he also emphasized that the core of this judgment still depends on whether SpaceX can truly achieve this scale of profitability in a stable manner over the long term. After reviewing the company's development history, he expressed 'great admiration' for its technological and business model capabilities and maintains an open attitude towards its long-term growth potential.

[Duan Yongping Comments on SpaceX: A $3 Trillion Valuation Is Not Absurd If It Earns $150 Billion Annually]On June 17, renowned investor Duan Yongping posted on Xueqiu, stating that after recently reviewing the history of SpaceX, he gained a better understanding of the high valuation given by the market and believes that the company may not necessarily fall into the category of 'bubble.' He pointed out that if SpaceX can achieve an annual profit of over $150 billion in the future, a corresponding valuation of about $3 trillion is not unreasonable, and he believes that this level of profitability 'seems possible' over a 5-10 year horizon. However, he also emphasized that the core of this judgment still depends on whether SpaceX can truly achieve this scale of profitability in a stable manner over the long term. After reviewing the company's development history, he expressed 'great admiration' for its technological and business model capabilities and maintains an open attitude towards its long-term growth potential.

Duan Yongping Comments on SpaceX: A $3 Trillion Valuation Is Not Absurd If It Earns $150 Billion Annually

Bitcoin Fear and Greed Index is 22. Extreme Fear.
Current Price: $65899.84.

[Bitcoin Fear and Greed Index is 22]Bitcoin Fear and Greed Index is 22. Extreme Fear.
Current Price: $65899.84.

Bitcoin Fear and Greed Index is 22

On June 16, Strategy founder Michael Saylor published a post this morning introducing the concept of a 'modern digital asset stack'. He believes that Bitcoin is not only digital capital but will also serve as the foundational basis for financial products such as digital credit, digital money, digital yield, and digital equity, facilitating Bitcoin's evolution from a singular asset to a global financial framework. Saylor stated that Bitcoin does not require protocol modifications, staking, or issuance increases, and its volatility can be transformed into yield-generating products through capital structure. Among these, digital credit products represented by STRC can provide returns, while digital money can construct stable value instruments with yields of approximately 6%-8% by combining Bitcoin-backed credit assets with cash equivalents. He envisions that in the future, stablecoins, payment networks, wallets, exchanges, and DeFi protocols can all operate based on Bitcoin-supported capital structures, offering digital capital, yield products, and stable value assets to investors with varying risk appetites. Saylor emphasized that Bitcoin will maintain a fixed supply cap of 21 million coins, and most innovations should occur at the levels of custody, securities, credit, payment systems, and capital markets, rather than altering the Bitcoin protocol itself, asserting that 'Bitcoin is digital capital, and the world will build a financial system on top of Bitcoin'.

[Michael Saylor Proposes 'Five-Layer Architecture for Digital Assets', Claims Bitcoin Will Evolve as the Foundation of the Global Financial System]On June 16, Strategy founder Michael Saylor published a post this morning introducing the concept of a 'modern digital asset stack'. He believes that Bitcoin is not only digital capital but will also serve as the foundational basis for financial products such as digital credit, digital money, digital yield, and digital equity, facilitating Bitcoin's evolution from a singular asset to a global financial framework. Saylor stated that Bitcoin does not require protocol modifications, staking, or issuance increases, and its volatility can be transformed into yield-generating products through capital structure. Among these, digital credit products represented by STRC can provide returns, while digital money can construct stable value instruments with yields of approximately 6%-8% by combining Bitcoin-backed credit assets with cash equivalents. He envisions that in the future, stablecoins, payment networks, wallets, exchanges, and DeFi protocols can all operate based on Bitcoin-supported capital structures, offering digital capital, yield products, and stable value assets to investors with varying risk appetites. Saylor emphasized that Bitcoin will maintain a fixed supply cap of 21 million coins, and most innovations should occur at the levels of custody, securities, credit, payment systems, and capital markets, rather than altering the Bitcoin protocol itself, asserting that 'Bitcoin is digital capital, and the world will build a financial system on top of Bitcoin'.

Michael Saylor Proposes 'Five-Layer Architecture for Digital Assets', Claims Bitcoin Will Evolve as the Foundation of the Global Financial System

The Most Powerful Fable 5 Transcends Mythical Moments, but AI Has Learned to Fight Itself

SpaceX's Core Window for Listed Trading: July 7th Nasdaq Inclusion Date and Post-Q2 Earnings Lockup Expiration

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TON Revives the Gram Brand, a Name That Disappeared Six Years Ago Returns

Cardano Founder Hoskinson Accused Of Selling 1.5 Billion ADA In 2021 Rally

The Largest IPO in History Ignites Heated Debate: Is SpaceX Worth $1.77 Trillion?

Top Crypto Coins With Real Use Cases To Watch in June 2026: NEAR, HYPE, Humanity Protocol, and BlockDAG Compared

Sequoia Dialogue with Jensen Huang: Computing Model Undergoes a 60-Year Transformation; You Won't Be Replaced by AI, But You Will Be Dimensionality-Reduced by 'Those Who Master AI'

The Recursive AI Anthropic Warned About: Tian Yuandong's New Company Has Just Taken the "First Step"

"Agents' Last Exam", Claude Fable 5 Actually Loses to GPT 5.5

Article

DeepSeek Completes Over $7.4 Billion in First Round Financing, Valuation Exceeds $50 Billion with Founder Retaining Absolute Control

Michael Saylor Proposes 'Five-Layer Architecture for Digital Assets', Claims Bitcoin Will Evolve as the Foundation of the Global Financial System

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