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On June 17, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net inflow of $9.61 million yesterday.

[US Spot Ethereum ETF Sees Net Inflow of $9.61 Million Yesterday]On June 17, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net inflow of $9.61 million yesterday.

US Spot Ethereum ETF Sees Net Inflow of $9.61 Million Yesterday

On June 17, the Nikkei 225 Index expanded its gains, once again surpassing 70,000 points, setting a new historical high.

[Nikkei 225 Index Expands Gains, Reaches New Historical High]On June 17, the Nikkei 225 Index expanded its gains, once again surpassing 70,000 points, setting a new historical high.

Nikkei 225 Index Expands Gains, Reaches New Historical High

According to monitoring by Dongcha Beating, OpenAI had a cash outflow of $3.7 billion in the first quarter of 2026, accounting for over 60% of its revenue of $5.7 billion for the quarter. Financial documents disclosed to shareholders indicate that both revenue and cash burn have tripled compared to the same period last year. Cash and cash equivalents at the end of the period increased from $40 billion at the end of December last year to over $73 billion. The financial statements show a net loss of over $21.3 billion for the quarter, but the loss was primarily influenced by a non-cash accounting adjustment amounting to nearly $12.4 billion (mainly related to the fair value changes of convertible equity and warrant liabilities). Excluding accounting impacts, the operating loss for the quarter was $9.3 billion, which included $2.3 billion in employee equity incentive expenses. Research and development expenses during the same period amounted to $8.6 billion. In terms of revenue costs, the expenditure for model services in the first quarter was $3.5 billion, with the gross margin rising from 33% in the same period last year to 39%. However, a larger hidden expense lies in computing power agreements. The disclosures for the first quarter indicate that cloud computing procurement commitments could reach as high as $66.5 billion by the end of 2025, with procurement contracts extending until 2030. Last week, OpenAI secretly submitted its application for an IPO.

[OpenAI Burns $3.7 Billion in Q1: Revenue Rises to $5.7 Billion, Cash Exceeds $73 Billion]According to monitoring by Dongcha Beating, OpenAI had a cash outflow of $3.7 billion in the first quarter of 2026, accounting for over 60% of its revenue of $5.7 billion for the quarter. Financial documents disclosed to shareholders indicate that both revenue and cash burn have tripled compared to the same period last year. Cash and cash equivalents at the end of the period increased from $40 billion at the end of December last year to over $73 billion. The financial statements show a net loss of over $21.3 billion for the quarter, but the loss was primarily influenced by a non-cash accounting adjustment amounting to nearly $12.4 billion (mainly related to the fair value changes of convertible equity and warrant liabilities). Excluding accounting impacts, the operating loss for the quarter was $9.3 billion, which included $2.3 billion in employee equity incentive expenses. Research and development expenses during the same period amounted to $8.6 billion. In terms of revenue costs, the expenditure for model services in the first quarter was $3.5 billion, with the gross margin rising from 33% in the same period last year to 39%. However, a larger hidden expense lies in computing power agreements. The disclosures for the first quarter indicate that cloud computing procurement commitments could reach as high as $66.5 billion by the end of 2025, with procurement contracts extending until 2030. Last week, OpenAI secretly submitted its application for an IPO.

OpenAI Burns $3.7 Billion in Q1: Revenue Rises to $5.7 Billion, Cash Exceeds $73 Billion

On June 17, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $10.04 million yesterday.

[US Spot Bitcoin ETF Sees Net Inflow of $10.04 Million Yesterday]On June 17, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $10.04 million yesterday.

US Spot Bitcoin ETF Sees Net Inflow of $10.04 Million Yesterday

On June 17, discussions around the popular trades related to the shortage in the AI supply chain may be nearing their conclusion, as some investors begin to shift from seeking the next shortage link to identifying companies that will maintain long-term competitiveness after the AI infrastructure cycle. Gavin Baker, managing partner at Altreides Management and an early investor in SpaceX, stated in an interview with TBPN that the market has been keen on chasing bottleneck assets in AI construction over the past year, including DRAM, storage chips, and key material suppliers. However, he believes that these 'AI bottleneck trades' are approaching their end. Baker pointed out that Ajinomoto in Japan has refused to raise the price of a key chip packaging insulation material, indicating that the pricing power of some supply chain bottlenecks may be starting to ease. This material is used to connect processors and the packaging layers of chips, which had previously drawn investor attention due to the surge in demand for AI chips. He noted that the past market game was to find the 'next bottleneck', but the more important question for the next phase is which companies will retain enduring franchise value after these bottlenecks dissipate. This perspective has cooled off the recent surge in storage and AI material stocks. Stocks like Micron and SanDisk have seen significant increases this year, driven by capital expenditures in AI data centers, HBM demand, and long-term procurement agreements leading to a reevaluation of supply and demand. However, as stock prices have risen rapidly, the market has begun to discuss whether the trades have become overcrowded. Baker also mentioned that the next main line of AI infrastructure may shift towards the actual capabilities of computing power and electricity. He highlighted SpaceX's potential in ground and orbital AI data centers, stating that the market will focus on the speed at which it can increase its 'gigawatts' level of computing power supply. This suggests that AI trades may transition from merely betting on shortages to a broader competition in infrastructure: those who can secure land, electricity, GPUs, and data center capabilities faster may find themselves in a more advantageous position in the next phase of the AI investment cycle.

[AI 'Bottleneck Trades' May Be Coming to an End, Early SpaceX Investor Says Market Focus Will Shift to Long-Term Value]On June 17, discussions around the popular trades related to the shortage in the AI supply chain may be nearing their conclusion, as some investors begin to shift from seeking the next shortage link to identifying companies that will maintain long-term competitiveness after the AI infrastructure cycle. Gavin Baker, managing partner at Altreides Management and an early investor in SpaceX, stated in an interview with TBPN that the market has been keen on chasing bottleneck assets in AI construction over the past year, including DRAM, storage chips, and key material suppliers. However, he believes that these 'AI bottleneck trades' are approaching their end. Baker pointed out that Ajinomoto in Japan has refused to raise the price of a key chip packaging insulation material, indicating that the pricing power of some supply chain bottlenecks may be starting to ease. This material is used to connect processors and the packaging layers of chips, which had previously drawn investor attention due to the surge in demand for AI chips. He noted that the past market game was to find the 'next bottleneck', but the more important question for the next phase is which companies will retain enduring franchise value after these bottlenecks dissipate. This perspective has cooled off the recent surge in storage and AI material stocks. Stocks like Micron and SanDisk have seen significant increases this year, driven by capital expenditures in AI data centers, HBM demand, and long-term procurement agreements leading to a reevaluation of supply and demand. However, as stock prices have risen rapidly, the market has begun to discuss whether the trades have become overcrowded. Baker also mentioned that the next main line of AI infrastructure may shift towards the actual capabilities of computing power and electricity. He highlighted SpaceX's potential in ground and orbital AI data centers, stating that the market will focus on the speed at which it can increase its 'gigawatts' level of computing power supply. This suggests that AI trades may transition from merely betting on shortages to a broader competition in infrastructure: those who can secure land, electricity, GPUs, and data center capabilities faster may find themselves in a more advantageous position in the next phase of the AI investment cycle.

AI 'Bottleneck Trades' May Be Coming to an End, Early SpaceX Investor Says Market Focus Will Shift to Long-Term Value

On June 17, according to an official announcement, in order to further reduce user trading costs and enhance the TradFi contract trading experience, BiyaPay has implemented a 0 fee policy for all TradFi perpetual contract trading pairs on the platform, effective immediately. Both Maker and Taker fees have been adjusted to 0%. Users engaging in TradFi perpetual contract trading will not be required to pay trading fees, whether they are placing limit orders or market orders. Other fee rules, such as the Funding Fee, will continue to follow the platform's current standards. For more details, please refer to the official announcement from BiyaPay.

[BiyaPay Launches 0 Fee Model for TradFi Perpetual Contracts]On June 17, according to an official announcement, in order to further reduce user trading costs and enhance the TradFi contract trading experience, BiyaPay has implemented a 0 fee policy for all TradFi perpetual contract trading pairs on the platform, effective immediately. Both Maker and Taker fees have been adjusted to 0%. Users engaging in TradFi perpetual contract trading will not be required to pay trading fees, whether they are placing limit orders or market orders. Other fee rules, such as the Funding Fee, will continue to follow the platform's current standards. For more details, please refer to the official announcement from BiyaPay.

BiyaPay Launches 0 Fee Model for TradFi Perpetual Contracts

On June 17, according to SentimenTrader statistics, crude oil prices have dropped a cumulative 10.31% over the past five trading days, while the long-term U.S. Treasury bond ETF TLT has risen by 1.30%. Historical data shows that since 2008, when the market experiences a combination of 'plummeting oil prices and rising Treasury bonds', the probability of the S&P 500 index increasing over the next year reaches 85%, with a median increase of about 17.04% one year later. This market combination typically indicates that inflation pressures are rapidly easing and financial conditions are becoming more accommodative.

[Oil Prices Plunge Over 10% in Five Days; Historical Data Suggests Strong Subsequent Performance for U.S. Stocks]On June 17, according to SentimenTrader statistics, crude oil prices have dropped a cumulative 10.31% over the past five trading days, while the long-term U.S. Treasury bond ETF TLT has risen by 1.30%. Historical data shows that since 2008, when the market experiences a combination of 'plummeting oil prices and rising Treasury bonds', the probability of the S&P 500 index increasing over the next year reaches 85%, with a median increase of about 17.04% one year later. This market combination typically indicates that inflation pressures are rapidly easing and financial conditions are becoming more accommodative.

Oil Prices Plunge Over 10% in Five Days; Historical Data Suggests Strong Subsequent Performance for U.S. Stocks

On June 17, according to a report by The Block citing NOTUS, the crypto project World Liberty Financial, supported by Trump, is expected to soon receive approval from the Office of the Comptroller of the Currency (OCC) to become a federal trust bank. OCC Director Jonathan Gould is set to announce the decision, with two former OCC employees stating that approval is 'almost a certainty.' World Liberty submitted its application in January this year, and the federal trust bank license will allow it to issue and redeem USD1 stablecoins, manage reserves, and provide digital asset custody, conversion, and settlement services without relying on third-party intermediaries.

[Trump Family Crypto Project World Liberty Set to Obtain OCC Federal Trust Bank License]On June 17, according to a report by The Block citing NOTUS, the crypto project World Liberty Financial, supported by Trump, is expected to soon receive approval from the Office of the Comptroller of the Currency (OCC) to become a federal trust bank. OCC Director Jonathan Gould is set to announce the decision, with two former OCC employees stating that approval is 'almost a certainty.' World Liberty submitted its application in January this year, and the federal trust bank license will allow it to issue and redeem USD1 stablecoins, manage reserves, and provide digital asset custody, conversion, and settlement services without relying on third-party intermediaries.

Trump Family Crypto Project World Liberty Set to Obtain OCC Federal Trust Bank License

On June 17, on-chain analyst ai_9684xtpa reported that the address 0x3e7…f1589 opened a long position on 90,296 SPCX with 10x leverage last night. The current position is valued at approximately $18.43 million, with an opening average price of $186.06. As of the time of this report, the position has generated an unrealized profit of about $1.63 million in approximately 14 hours.

[Whale Takes 10x Leverage Long Position on SPCX, Gains $1.63 Million in 14 Hours]On June 17, on-chain analyst ai_9684xtpa reported that the address 0x3e7…f1589 opened a long position on 90,296 SPCX with 10x leverage last night. The current position is valued at approximately $18.43 million, with an opening average price of $186.06. As of the time of this report, the position has generated an unrealized profit of about $1.63 million in approximately 14 hours.

Whale Takes 10x Leverage Long Position on SPCX, Gains $1.63 Million in 14 Hours

火币HTX数据监测显示，ETH突破1800  USDT，现报1800.2  USDT，24H涨幅4.59%。

【ETH突破1800  USDT】火币HTX数据监测显示，ETH突破1800  USDT，现报1800.2  USDT，24H涨幅4.59%。

ETH突破1800  USDT

Internet-Famous Institution Battles White-Haired Stock God: What Does the Report That Crashed CPO Stocks Actually Recommend?

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

Maelstrom’s Bitcoin Grants Hit 20 Months — 5 Developers, 4 Active, Here’s What They’ve Accomplished

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

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

Alibaba Launches First Embodied Large Model Series Qwen-Robot

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

ETH突破1800 USDT

Isenção de responsabilidade：O conteúdo acima não representa as posições da HTX.，A HTX não faz quaisquer recomendações de negociação.。

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