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On June 17, FBI Director Kash Patel announced that the FBI successfully thwarted a coordinated terrorist attack plot against the White House. The plot was scheduled to be executed on June 14 during Trump’s 80th birthday celebration and the UFC 'Freedom 250' fight, which was attended by approximately 4,300 people, including 1,200 active-duty military personnel. The conspiracy was revealed to have three phases: the first phase involved a drone attack loaded with explosives targeting buildings around the White House to create mass chaos; the second phase aimed to trigger a large-scale evacuation of the crowd due to panic, directing fleeing individuals into a pre-set area where a team of snipers would open fire; the third phase involved a surprise attack on the White House entrance amid the chaos. The plot was timely uncovered due to a relative of one of the involved individuals alerting the authorities. The FBI obtained threat intelligence on June 10—four days before the planned attack—and traced it to an informal network operating through the Signal encrypted communication app. A total of 23 individuals have been confirmed as part of this network, with five suspects arrested in Ohio, Missouri, and California. U.S. Secret Service Director Sean K. O'Brien stated that the Secret Service is working around the clock to track all individuals involved. Trump himself commented to reporters on Tuesday while attending the G7 summit in France that he has not yet received a formal briefing on the thwarted plot.

[FBI Foils Terror Plot Against Trump, 23 Individuals Involved]On June 17, FBI Director Kash Patel announced that the FBI successfully thwarted a coordinated terrorist attack plot against the White House. The plot was scheduled to be executed on June 14 during Trump’s 80th birthday celebration and the UFC 'Freedom 250' fight, which was attended by approximately 4,300 people, including 1,200 active-duty military personnel. The conspiracy was revealed to have three phases: the first phase involved a drone attack loaded with explosives targeting buildings around the White House to create mass chaos; the second phase aimed to trigger a large-scale evacuation of the crowd due to panic, directing fleeing individuals into a pre-set area where a team of snipers would open fire; the third phase involved a surprise attack on the White House entrance amid the chaos. The plot was timely uncovered due to a relative of one of the involved individuals alerting the authorities. The FBI obtained threat intelligence on June 10—four days before the planned attack—and traced it to an informal network operating through the Signal encrypted communication app. A total of 23 individuals have been confirmed as part of this network, with five suspects arrested in Ohio, Missouri, and California. U.S. Secret Service Director Sean K. O'Brien stated that the Secret Service is working around the clock to track all individuals involved. Trump himself commented to reporters on Tuesday while attending the G7 summit in France that he has not yet received a formal briefing on the thwarted plot.

FBI Foils Terror Plot Against Trump, 23 Individuals Involved

On June 17, SK Hynix announced today that it will eliminate all degree requirements and initiate rolling admissions for entry-level positions. As competition in the AI semiconductor sector intensifies, SK Hynix stated that it will select talent based on actual work capabilities and growth potential, rather than solely on educational background. The previous requirement in SK Hynix's job postings that 'applicants must hold at least a four-year bachelor's degree' has been removed, allowing applicants to apply regardless of their educational background, as long as their work experience, job skills, and cultural fit meet the position's requirements. SK Hynix's stock rose by 0.92% today.

[SK Hynix Eliminates Degree Requirements, Will Select Talent Based on Actual Abilities and Growth Potential]On June 17, SK Hynix announced today that it will eliminate all degree requirements and initiate rolling admissions for entry-level positions. As competition in the AI semiconductor sector intensifies, SK Hynix stated that it will select talent based on actual work capabilities and growth potential, rather than solely on educational background. The previous requirement in SK Hynix's job postings that 'applicants must hold at least a four-year bachelor's degree' has been removed, allowing applicants to apply regardless of their educational background, as long as their work experience, job skills, and cultural fit meet the position's requirements. SK Hynix's stock rose by 0.92% today.

SK Hynix Eliminates Degree Requirements, Will Select Talent Based on Actual Abilities and Growth Potential

On June 17, at midnight Beijing time on Thursday, the new Chair of the Federal Reserve, Walsh, will preside over his first FOMC meeting. The market generally expects interest rates to remain unchanged at this meeting, but the focus has shifted to potential adjustments in the policy framework and communication mechanisms. Analysts point out that current market pricing indicates an expectation of nearly one rate hike this year, with both inflation and employment strengthening, leaving uncertainty in the Fed's policy path. Amid fluctuations in oil prices and changes in expectations related to the Strait of Hormuz, some opinions suggest that upward inflationary pressures may ease temporarily, but a recovering labor market limits the space for rate cuts. One of the key highlights of this meeting will be the quarterly dot plot. The market will observe whether the divergence among FOMC members regarding the future interest rate path widens and whether clear signals for rate hikes or maintaining high rates for a longer duration are released. Historical data shows that a majority of committee members currently support keeping interest rates unchanged, and a dominant inclination towards rate hikes has yet to form. Changes at a longer-term level may focus on reforms in the communication mechanism. Analysts note that Walsh has previously criticized the dot plot and forward guidance, arguing that their predictive accuracy is limited, and he may seek to weaken or even adjust the use of these tools during his term. This change could increase policy uncertainty and impact the low-volatility market environment. Overall, the market is focused in the short term on whether this meeting will release clear policy inclinations, while in the medium to long term, it is more concerned about whether the Fed's communication framework is entering a phase of structural adjustment.

[Upcoming Debut of Walsh: Market Focus on Dot Plot and Potential Changes in Fed Communication Mechanism]On June 17, at midnight Beijing time on Thursday, the new Chair of the Federal Reserve, Walsh, will preside over his first FOMC meeting. The market generally expects interest rates to remain unchanged at this meeting, but the focus has shifted to potential adjustments in the policy framework and communication mechanisms. Analysts point out that current market pricing indicates an expectation of nearly one rate hike this year, with both inflation and employment strengthening, leaving uncertainty in the Fed's policy path. Amid fluctuations in oil prices and changes in expectations related to the Strait of Hormuz, some opinions suggest that upward inflationary pressures may ease temporarily, but a recovering labor market limits the space for rate cuts. One of the key highlights of this meeting will be the quarterly dot plot. The market will observe whether the divergence among FOMC members regarding the future interest rate path widens and whether clear signals for rate hikes or maintaining high rates for a longer duration are released. Historical data shows that a majority of committee members currently support keeping interest rates unchanged, and a dominant inclination towards rate hikes has yet to form. Changes at a longer-term level may focus on reforms in the communication mechanism. Analysts note that Walsh has previously criticized the dot plot and forward guidance, arguing that their predictive accuracy is limited, and he may seek to weaken or even adjust the use of these tools during his term. This change could increase policy uncertainty and impact the low-volatility market environment. Overall, the market is focused in the short term on whether this meeting will release clear policy inclinations, while in the medium to long term, it is more concerned about whether the Fed's communication framework is entering a phase of structural adjustment.

Upcoming Debut of Walsh: Market Focus on Dot Plot and Potential Changes in Fed Communication Mechanism

On June 17, Frank Flight, the head of macro strategy at Castle Securities, predicted that the Federal Reserve may initiate a new round of interest rate hikes this year, totaling 75 basis points, potentially starting as early as September. The report noted that multiple factors are intensifying price pressures amid increasing persistence and diffusion of inflation, including loose financial conditions, supply chain disruptions, a recovering labor market, and a surge in AI-related investments. Even though recent easing of tensions in the Middle East has led to a drop in oil prices, prior conflicts have caused inflation expectations to become 'structurally entrenched.' Flight anticipates that the new Fed Chair, Kevin Walsh, will signal a hawkish stance at his first monetary policy meeting, potentially reversing market expectations for a rate cut in September. He also predicts that September, December, and early 2027 could all serve as potential windows for rate hikes. In terms of policy direction, Castle Securities believes that the June monetary policy meeting may remove any dovish language and strengthen tightening signals through an updated dot plot, with expectations that several officials will raise inflation forecasts above 3% while lowering unemployment rate predictions. Based on Taylor rule calculations, the institution considers the optimal policy path corresponding to the current economic conditions to be a cumulative rate hike of 75 basis points this year, with potential signals for a policy shift as early as July to pave the way for subsequent rate increases. Additionally, a recent survey from Duke University indicated that most former Fed officials believe there is a necessity for another rate hike this year due to the impact of energy shocks and persistent high inflation, although some respondents also warned of potential economic weakening risks in the summer.

[Castle Securities Predicts 75 Basis Points Rate Hike by the Fed This Year, Tightening Cycle May Start as Early as September]On June 17, Frank Flight, the head of macro strategy at Castle Securities, predicted that the Federal Reserve may initiate a new round of interest rate hikes this year, totaling 75 basis points, potentially starting as early as September. The report noted that multiple factors are intensifying price pressures amid increasing persistence and diffusion of inflation, including loose financial conditions, supply chain disruptions, a recovering labor market, and a surge in AI-related investments. Even though recent easing of tensions in the Middle East has led to a drop in oil prices, prior conflicts have caused inflation expectations to become 'structurally entrenched.' Flight anticipates that the new Fed Chair, Kevin Walsh, will signal a hawkish stance at his first monetary policy meeting, potentially reversing market expectations for a rate cut in September. He also predicts that September, December, and early 2027 could all serve as potential windows for rate hikes. In terms of policy direction, Castle Securities believes that the June monetary policy meeting may remove any dovish language and strengthen tightening signals through an updated dot plot, with expectations that several officials will raise inflation forecasts above 3% while lowering unemployment rate predictions. Based on Taylor rule calculations, the institution considers the optimal policy path corresponding to the current economic conditions to be a cumulative rate hike of 75 basis points this year, with potential signals for a policy shift as early as July to pave the way for subsequent rate increases. Additionally, a recent survey from Duke University indicated that most former Fed officials believe there is a necessity for another rate hike this year due to the impact of energy shocks and persistent high inflation, although some respondents also warned of potential economic weakening risks in the summer.

Castle Securities Predicts 75 Basis Points Rate Hike by the Fed This Year, Tightening Cycle May Start as Early as September

On June 17, Arif Husain, Head of Global Fixed Income at T. Rowe Price, wrote in a report that as the Federal Reserve considers reducing its balance sheet and providing less forward guidance, investors "may need to prepare for a different era of management characterized by greater uncertainty and less constrained volatility." Asset prices may become more sensitive to economic data and policy trends. "Therefore, strategies that benefited from low volatility in the post-global financial crisis era may face increasing challenges in the coming years;" he stated. "We believe that if the Fed attempts to reduce its balance sheet again, especially after the central bank ends its latest round of quantitative tightening by the end of 2025, it may prompt the market to reassess long-held expectations of declining volatility." He noted that volatility may first appear in the interest rate market, then spread to the credit market, and ultimately affect the stock market. (Sina Finance)

[Investors May Need to Prepare for a New Era at the Fed Amid Increased Uncertainty and Volatility]On June 17, Arif Husain, Head of Global Fixed Income at T. Rowe Price, wrote in a report that as the Federal Reserve considers reducing its balance sheet and providing less forward guidance, investors "may need to prepare for a different era of management characterized by greater uncertainty and less constrained volatility." Asset prices may become more sensitive to economic data and policy trends. "Therefore, strategies that benefited from low volatility in the post-global financial crisis era may face increasing challenges in the coming years;" he stated. "We believe that if the Fed attempts to reduce its balance sheet again, especially after the central bank ends its latest round of quantitative tightening by the end of 2025, it may prompt the market to reassess long-held expectations of declining volatility." He noted that volatility may first appear in the interest rate market, then spread to the credit market, and ultimately affect the stock market. (Sina Finance)

Investors May Need to Prepare for a New Era at the Fed Amid Increased Uncertainty and Volatility

On June 17, according to Onchain Lens monitoring, a wallet address associated with Arthur Hayes has received 1,400 ETH from FalconX, valued at approximately $2.51 million. Currently, the wallet holds a total of 4,400 ETH, with an overall value of about $7.89 million.

[Arthur Hayes-Linked Wallet Receives 1,400 ETH from FalconX, Worth Approximately $2.51 Million]On June 17, according to Onchain Lens monitoring, a wallet address associated with Arthur Hayes has received 1,400 ETH from FalconX, valued at approximately $2.51 million. Currently, the wallet holds a total of 4,400 ETH, with an overall value of about $7.89 million.

Arthur Hayes-Linked Wallet Receives 1,400 ETH from FalconX, Worth Approximately $2.51 Million

On June 17, Guolian Minsheng Securities released a research report indicating that despite market hopes for AI-driven productivity improvements to alleviate pressure on U.S. debt, historical experience and current realities suggest that AI is unlikely to replicate the debt relief miracles seen after World War II or during the Clinton era in the short term. The U.S. debt dilemma remains challenging to overcome in the near future. By the end of 2025, the scale of U.S. national debt is expected to approach $38 trillion, with net interest expenses nearing $1 trillion. The report outlines three pathways to reduce the debt ratio: lowering interest rates, boosting economic growth, and reducing fiscal deficits. Historically, the U.S. has resolved its debt issues in two phases: from 1946 to 1974, relying on post-war high growth and technological transformation, which saw the debt ratio drop from over 100% to about 20% over 30 years; and in the 1990s, leveraging the internet revolution and fiscal discipline under the Clinton administration, achieving an average primary budget surplus of about 3.2% from 1996 to 2001. However, the current effectiveness of AI in addressing debt faces two significant constraints. First, there is a clear lag in the release of AI productivity dividends. According to estimates from the University of Pennsylvania, from 2026 to 2027, AI is expected to only boost total factor productivity by 0.05 to 0.1 percentage points, with contributions rising to about 0.2 percentage points only by the early 2030s, which is far from sufficient to offset current fiscal pressures. Second, AI accelerates the concentration of factor returns towards capital, systematically eroding the tax base. Personal income and payroll taxes together contribute about 85% of federal revenue, while labor substitution and wage suppression caused by AI will directly impact this primary tax source; corporate income tax accounts for only about 10% and is subject to a single tax rate of 21%, compounded by the cross-border tax avoidance capabilities of tech giants, making it difficult to fill the gap left by personal income tax, leading to the paradox of 'the more prosperous technology becomes, the more depleted the tax base.' The report suggests potential solutions, including increasing capital gains and wealthy individuals' tax rates, imposing a 'digital factor tax' on the commercial profits of large AI models, and exploring a 'robot tax' to subsidize those affected by technological unemployment. However, these face structural challenges such as the difficulty of taxing cross-border flows of AI factors, the strong political maneuvering capabilities of tech giants, and the suppression of innovation by unilateral tax increases. The report concludes that the fiscal and tax adjustments in the AI era are destined to be a long-term institutional tug-of-war, and the U.S. debt issue remains a significant obstacle that the American economy cannot easily overcome in the short term.

[Analysis: AI Unlikely to Be a 'Savior' for U.S. Debt, Slow Productivity Gains and Tax Base Erosion May Worsen Debt Crisis]On June 17, Guolian Minsheng Securities released a research report indicating that despite market hopes for AI-driven productivity improvements to alleviate pressure on U.S. debt, historical experience and current realities suggest that AI is unlikely to replicate the debt relief miracles seen after World War II or during the Clinton era in the short term. The U.S. debt dilemma remains challenging to overcome in the near future. By the end of 2025, the scale of U.S. national debt is expected to approach $38 trillion, with net interest expenses nearing $1 trillion. The report outlines three pathways to reduce the debt ratio: lowering interest rates, boosting economic growth, and reducing fiscal deficits. Historically, the U.S. has resolved its debt issues in two phases: from 1946 to 1974, relying on post-war high growth and technological transformation, which saw the debt ratio drop from over 100% to about 20% over 30 years; and in the 1990s, leveraging the internet revolution and fiscal discipline under the Clinton administration, achieving an average primary budget surplus of about 3.2% from 1996 to 2001. However, the current effectiveness of AI in addressing debt faces two significant constraints. First, there is a clear lag in the release of AI productivity dividends. According to estimates from the University of Pennsylvania, from 2026 to 2027, AI is expected to only boost total factor productivity by 0.05 to 0.1 percentage points, with contributions rising to about 0.2 percentage points only by the early 2030s, which is far from sufficient to offset current fiscal pressures. Second, AI accelerates the concentration of factor returns towards capital, systematically eroding the tax base. Personal income and payroll taxes together contribute about 85% of federal revenue, while labor substitution and wage suppression caused by AI will directly impact this primary tax source; corporate income tax accounts for only about 10% and is subject to a single tax rate of 21%, compounded by the cross-border tax avoidance capabilities of tech giants, making it difficult to fill the gap left by personal income tax, leading to the paradox of 'the more prosperous technology becomes, the more depleted the tax base.' The report suggests potential solutions, including increasing capital gains and wealthy individuals' tax rates, imposing a 'digital factor tax' on the commercial profits of large AI models, and exploring a 'robot tax' to subsidize those affected by technological unemployment. However, these face structural challenges such as the difficulty of taxing cross-border flows of AI factors, the strong political maneuvering capabilities of tech giants, and the suppression of innovation by unilateral tax increases. The report concludes that the fiscal and tax adjustments in the AI era are destined to be a long-term institutional tug-of-war, and the U.S. debt issue remains a significant obstacle that the American economy cannot easily overcome in the short term.

Analysis: AI Unlikely to Be a 'Savior' for U.S. Debt, Slow Productivity Gains and Tax Base Erosion May Worsen Debt Crisis

On June 17, Serenity shared Mizuho Securities' latest research report, commenting that the recent concentrated sell-off of CPO concept stocks is entirely a misguided market reaction. The Mizuho report points out that the market's concerns regarding delays in the mass production of Co-Packaged Optics (CPO) and the lag in 800V DC deployment are unfounded, as both technological pathways are progressing as scheduled, with mass production expected to commence between 2028 and 2029. Driven by demand for Nvidia's CPO switch (3.2T Spectrum-X) anticipated to ramp up in 2027, Mizuho has also raised its shipment forecasts for Optical Engines (OE). In terms of technology, Mizuho believes that InP DFB lasers will remain the long-term mainstream direction for CPO, specifically naming $SIVE as a related beneficiary. VCSEL and microLED have not yet been sufficiently validated in short-distance interconnections within racks and in chip-to-chip scenarios exceeding 1.6T, making them unlikely to become mainstream alternatives in the short term. Regarding the deployment of 800V DC data centers, incremental shipments are expected to begin in 2027, with penetration rates further increasing in 2028. Nvidia's Senior Vice President of Networking had previously publicly denied any delays in the Spectrum-X Ethernet CPO switch, confirming that mass production and customer deliveries will proceed as scheduled in the second half of 2026.

[Serenity: Mizuho Research Confirms No Delays in CPO and 800V DC Deployment, Recent Sell-off is Misguided]On June 17, Serenity shared Mizuho Securities' latest research report, commenting that the recent concentrated sell-off of CPO concept stocks is entirely a misguided market reaction. The Mizuho report points out that the market's concerns regarding delays in the mass production of Co-Packaged Optics (CPO) and the lag in 800V DC deployment are unfounded, as both technological pathways are progressing as scheduled, with mass production expected to commence between 2028 and 2029. Driven by demand for Nvidia's CPO switch (3.2T Spectrum-X) anticipated to ramp up in 2027, Mizuho has also raised its shipment forecasts for Optical Engines (OE). In terms of technology, Mizuho believes that InP DFB lasers will remain the long-term mainstream direction for CPO, specifically naming $SIVE as a related beneficiary. VCSEL and microLED have not yet been sufficiently validated in short-distance interconnections within racks and in chip-to-chip scenarios exceeding 1.6T, making them unlikely to become mainstream alternatives in the short term. Regarding the deployment of 800V DC data centers, incremental shipments are expected to begin in 2027, with penetration rates further increasing in 2028. Nvidia's Senior Vice President of Networking had previously publicly denied any delays in the Spectrum-X Ethernet CPO switch, confirming that mass production and customer deliveries will proceed as scheduled in the second half of 2026.

Serenity: Mizuho Research Confirms No Delays in CPO and 800V DC Deployment, Recent Sell-off is Misguided

On June 17, it was reported that OpenAI's cash burn in the first quarter reached $3.7 billion, exceeding half of its $5.7 billion revenue. Both cash burn and revenue have doubled compared to the same period last year. At the end of the first quarter, OpenAI held over $73 billion in cash and securities, up from $40 billion at the end of December last year. (Financial Associated Press)

[OpenAI Reports $3.7 Billion Cash Burn in Q1, Doubling Year-Over-Year]On June 17, it was reported that OpenAI's cash burn in the first quarter reached $3.7 billion, exceeding half of its $5.7 billion revenue. Both cash burn and revenue have doubled compared to the same period last year. At the end of the first quarter, OpenAI held over $73 billion in cash and securities, up from $40 billion at the end of December last year. (Financial Associated Press)

OpenAI Reports $3.7 Billion Cash Burn in Q1, Doubling Year-Over-Year

火币HTX报道，6月16日，SpaceX(SPCX.O)美股盘后涨10%，若维持此涨幅至美股周二开盘，其市值将超越亚马逊(AMZN.O)。(金十)

【SpaceX(SPCX.O)美股盘后涨10%】火币HTX报道，6月16日，SpaceX(SPCX.O)美股盘后涨10%，若维持此涨幅至美股周二开盘，其市值将超越亚马逊(AMZN.O)。(金十)

SpaceX(SPCX.O)美股盘后涨10%

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SpaceX(SPCX.O)美股盘后涨10%

Clause de non-responsabilité：Le contenu ci-dessus ne représente pas les positions de HTX.，HTX ne fournit pas de recommandations de trading.。

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