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On June 2, Bitcoin fell below the closely watched $70,000 mark during trading, marking the first time since April 7 of this year. The news comes as Strategy disclosed its first-ever sale of Bitcoin, selling 32 BTC for $2.5 million. Industry insiders noted that Strategy's sale of 32 Bitcoins was intended to pay dividends; although the amount is not large, the shift from a long-term 'buy and hold' strategy to selling has triggered panic in the market, leading some highly leveraged long positions to stop-loss, accelerating the price decline. Additionally, geopolitical tensions in the Middle East and the upcoming U.S. non-farm payroll data have prompted Wall Street institutions to temporarily avoid risk. Current market sentiment indicators and the RSI suggest that Bitcoin prices may continue to decline, and after falling below $70,000, it could reach a low of $60,000.

[Strategy's First Sale Triggers Panic as Bitcoin Falls Below $70,000 Key Psychological Barrier]On June 2, Bitcoin fell below the closely watched $70,000 mark during trading, marking the first time since April 7 of this year. The news comes as Strategy disclosed its first-ever sale of Bitcoin, selling 32 BTC for $2.5 million. Industry insiders noted that Strategy's sale of 32 Bitcoins was intended to pay dividends; although the amount is not large, the shift from a long-term 'buy and hold' strategy to selling has triggered panic in the market, leading some highly leveraged long positions to stop-loss, accelerating the price decline. Additionally, geopolitical tensions in the Middle East and the upcoming U.S. non-farm payroll data have prompted Wall Street institutions to temporarily avoid risk. Current market sentiment indicators and the RSI suggest that Bitcoin prices may continue to decline, and after falling below $70,000, it could reach a low of $60,000.

Strategy's First Sale Triggers Panic as Bitcoin Falls Below $70,000 Key Psychological Barrier

On June 2, SoftBank announced plans to invest up to €75 billion (approximately $85 billion) in France to create data center capacity of up to 5GW, with the first three sites aiming to reach 3.1GW by 2031. The core driving force behind this investment is France's abundant decarbonized electricity resources. Industry analysts point out that the availability of electricity has become the primary variable for the site selection of large-scale AI infrastructure. French utility company EDF has also selected SoftBank as the preferred developer for a 400MW data center park at the former Bouchain thermal power plant site.

[SoftBank Bets $85 Billion on France, Electricity Becomes Core Element in AI Competition]On June 2, SoftBank announced plans to invest up to €75 billion (approximately $85 billion) in France to create data center capacity of up to 5GW, with the first three sites aiming to reach 3.1GW by 2031. The core driving force behind this investment is France's abundant decarbonized electricity resources. Industry analysts point out that the availability of electricity has become the primary variable for the site selection of large-scale AI infrastructure. French utility company EDF has also selected SoftBank as the preferred developer for a 400MW data center park at the former Bouchain thermal power plant site.

SoftBank Bets $85 Billion on France, Electricity Becomes Core Element in AI Competition

On June 2, driven by safe-haven demand during the Iran conflict, the renminbi against a basket of trade partner currencies rose to its highest level in nearly four years on Tuesday. The Bloomberg simulated real-time CFETS renminbi exchange rate index reported 101.41 on Tuesday, the highest since September 2022, marking the third consecutive trading day of increase.

[Renminbi Exchange Rate Against a Basket of Currencies Reaches Nearly Four-Year High]On June 2, driven by safe-haven demand during the Iran conflict, the renminbi against a basket of trade partner currencies rose to its highest level in nearly four years on Tuesday. The Bloomberg simulated real-time CFETS renminbi exchange rate index reported 101.41 on Tuesday, the highest since September 2022, marking the third consecutive trading day of increase.

Renminbi Exchange Rate Against a Basket of Currencies Reaches Nearly Four-Year High

According to on-chain analyst Ai Yi's monitoring, INTC in Nvidia's portfolio has risen by 177.63% this year, CRWV by 57.36%, COHR by 86.74%, NOK by 149.62%, LITE by 134.39%, and MRVL by 145.47%. Some of these stocks have been mentioned by Jensen Huang in public.

[Jensen Huang Mentions Stocks with Over 100% Increase This Year]According to on-chain analyst Ai Yi's monitoring, INTC in Nvidia's portfolio has risen by 177.63% this year, CRWV by 57.36%, COHR by 86.74%, NOK by 149.62%, LITE by 134.39%, and MRVL by 145.47%. Some of these stocks have been mentioned by Jensen Huang in public.

Jensen Huang Mentions Stocks with Over 100% Increase This Year

On June 2, SlowMist issued a security alert detecting an active npm supply chain attack targeting packages related to @redhat-cloud-services. Currently, over 31 packages have been confirmed affected, with a weekly download volume of approximately 116,000 times, and stolen credentials found in more than 300 GitHub repositories. The attack method is highly similar to the previous 'Shai-Hulud' npm attack, involving credential theft, the creation of malicious repositories, and automated secret leakage. New suspicious repositories continue to emerge, indicating that the attack is ongoing and developers are still being continuously infected. Potential risks include stolen GitHub/npm tokens, leaked AWS/GCP/Azure cloud credentials, collection of SSH keys and Kubernetes secrets, exposure of local environment and wallet data, creation and persistence of malicious repositories, and even destructive actions that may occur after tokens are revoked. It is recommended to immediately remove or downgrade the affected @redhat-cloud-services package versions, conduct a comprehensive audit of CI/CD workflows and dependency installations, rotate all GitHub, npm, cloud service, SSH, and wallet-related keys, retain logs, and rebuild exposed developer machines or runners from clean images while maintaining a high level of vigilance.

[Security Alert: Active Supply Chain Attack on Red Hat Cloud Services npm Packages, Stolen Credentials Found in Over 300 GitHub Repositories]On June 2, SlowMist issued a security alert detecting an active npm supply chain attack targeting packages related to @redhat-cloud-services. Currently, over 31 packages have been confirmed affected, with a weekly download volume of approximately 116,000 times, and stolen credentials found in more than 300 GitHub repositories. The attack method is highly similar to the previous 'Shai-Hulud' npm attack, involving credential theft, the creation of malicious repositories, and automated secret leakage. New suspicious repositories continue to emerge, indicating that the attack is ongoing and developers are still being continuously infected. Potential risks include stolen GitHub/npm tokens, leaked AWS/GCP/Azure cloud credentials, collection of SSH keys and Kubernetes secrets, exposure of local environment and wallet data, creation and persistence of malicious repositories, and even destructive actions that may occur after tokens are revoked. It is recommended to immediately remove or downgrade the affected @redhat-cloud-services package versions, conduct a comprehensive audit of CI/CD workflows and dependency installations, rotate all GitHub, npm, cloud service, SSH, and wallet-related keys, retain logs, and rebuild exposed developer machines or runners from clean images while maintaining a high level of vigilance.

Security Alert: Active Supply Chain Attack on Red Hat Cloud Services npm Packages, Stolen Credentials Found in Over 300 GitHub Repositories

On June 2, JPMorgan released a research report stating that MiniMax's introduction of the new M3 model represents a strategic transformation, indicating that the company is shifting towards a higher-end programming and intelligent agent model strategy. The most direct signal comes from pricing, as the API price of M3 is significantly higher than that of M2.7 and M2.5, reflecting the company's belief that this model deserves a capability premium. The bank believes that, given the low switching costs for users of APIs and coding tools, the premium for M3 still requires broader developer feedback for validation. The bank has assigned an 'Overweight' rating with a target price of HKD 1,100.

[JPMorgan: MiniMax's Launch of New M3 Model Marks Strategic Shift, Rating Upgraded to 'Overweight']On June 2, JPMorgan released a research report stating that MiniMax's introduction of the new M3 model represents a strategic transformation, indicating that the company is shifting towards a higher-end programming and intelligent agent model strategy. The most direct signal comes from pricing, as the API price of M3 is significantly higher than that of M2.7 and M2.5, reflecting the company's belief that this model deserves a capability premium. The bank believes that, given the low switching costs for users of APIs and coding tools, the premium for M3 still requires broader developer feedback for validation. The bank has assigned an 'Overweight' rating with a target price of HKD 1,100.

JPMorgan: MiniMax's Launch of New M3 Model Marks Strategic Shift, Rating Upgraded to 'Overweight'

On June 2, the General Office of the Shanghai Municipal People's Government issued a notice on the 'Opinions on Deepening the Construction of Shanghai as a Global Asset Management Center.' The notice emphasizes promoting asset management to empower technological innovation. It encourages asset management institutions to support the development of new productive forces and to effectively leverage the leading role of state-owned capital and government investment funds. It guides long-term capital, such as social security funds, insurance funds, and financial asset investment companies, to participate in the full lifecycle development of technology enterprises. Focusing on cutting-edge disruptive technology innovation and the cultivation of future industries, it encourages asset management institutions to increase their investment in technological innovation. It also supports the aggregation of industry venture capital funds (CVC funds), secondary market private equity funds (S funds), and merger and acquisition funds, providing facilitation services for the establishment of these funds.

[Shanghai: Guiding Long-term Capital to Participate in the Full Lifecycle Development of Tech Enterprises]On June 2, the General Office of the Shanghai Municipal People's Government issued a notice on the 'Opinions on Deepening the Construction of Shanghai as a Global Asset Management Center.' The notice emphasizes promoting asset management to empower technological innovation. It encourages asset management institutions to support the development of new productive forces and to effectively leverage the leading role of state-owned capital and government investment funds. It guides long-term capital, such as social security funds, insurance funds, and financial asset investment companies, to participate in the full lifecycle development of technology enterprises. Focusing on cutting-edge disruptive technology innovation and the cultivation of future industries, it encourages asset management institutions to increase their investment in technological innovation. It also supports the aggregation of industry venture capital funds (CVC funds), secondary market private equity funds (S funds), and merger and acquisition funds, providing facilitation services for the establishment of these funds.

Shanghai: Guiding Long-term Capital to Participate in the Full Lifecycle Development of Tech Enterprises

According to monitoring by Dongcha Beating, xAI, the artificial intelligence startup founded by Elon Musk, has announced that the command-line intelligent agent development tool Grok Build has fully integrated the top programming model Composer 2.5 developed by Cursor. Developers subscribed to X Premium+ or SuperGrok can switch to Composer 2.5 directly from the terminal menu. Cursor released the high-performance programming-specific model Composer 2.5 on May 18, focusing on high-precision editing across multiple files and long-range instruction adherence. The model is built on the open-source foundation Kimi K2.5, licensed for commercial use from the Dark Side of the Moon, and has undergone large-scale reinforcement learning training and task distillation by the Cursor team. The training introduced a technique called 'local reinforcement learning with text feedback,' which provides targeted prompts at precise nodes where tool calls fail. The model can automatically correct local errors, improving the success rate of cross-file code refactoring and long-range execution. Official demonstrations show that when faced with natural language instructions such as 'enhancing the mobile responsive experience of the game loading menu,' the agent can autonomously retrieve relevant code. After running regex searches on files like useMobile.ts and Game.tsx, the agent directly locates and modifies the specific implementation of localStorage in page.tsx. The interface supports quick commands such as '/fork' (clone the current session to a parallel sub-agent), '/compact' (compress history to reduce token consumption), and '/copy' (copy the latest response), and offers an 'always-approve' automatic authorization mode. The terminal ecosystem integration stems from the computational resource-sharing collaboration between Cursor and SpaceXAI. Currently, Cursor has accessed computational resources, including the Colossus 2 supercluster, for model training, marking the first implementation of Composer 2.5 in the xAI terminal tools as a result of this collaboration.

[Grok Build Integrates Composer 2.5: xAI's Intelligent Agent Introduces Cursor's Core Model]According to monitoring by Dongcha Beating, xAI, the artificial intelligence startup founded by Elon Musk, has announced that the command-line intelligent agent development tool Grok Build has fully integrated the top programming model Composer 2.5 developed by Cursor. Developers subscribed to X Premium+ or SuperGrok can switch to Composer 2.5 directly from the terminal menu. Cursor released the high-performance programming-specific model Composer 2.5 on May 18, focusing on high-precision editing across multiple files and long-range instruction adherence. The model is built on the open-source foundation Kimi K2.5, licensed for commercial use from the Dark Side of the Moon, and has undergone large-scale reinforcement learning training and task distillation by the Cursor team. The training introduced a technique called 'local reinforcement learning with text feedback,' which provides targeted prompts at precise nodes where tool calls fail. The model can automatically correct local errors, improving the success rate of cross-file code refactoring and long-range execution. Official demonstrations show that when faced with natural language instructions such as 'enhancing the mobile responsive experience of the game loading menu,' the agent can autonomously retrieve relevant code. After running regex searches on files like useMobile.ts and Game.tsx, the agent directly locates and modifies the specific implementation of localStorage in page.tsx. The interface supports quick commands such as '/fork' (clone the current session to a parallel sub-agent), '/compact' (compress history to reduce token consumption), and '/copy' (copy the latest response), and offers an 'always-approve' automatic authorization mode. The terminal ecosystem integration stems from the computational resource-sharing collaboration between Cursor and SpaceXAI. Currently, Cursor has accessed computational resources, including the Colossus 2 supercluster, for model training, marking the first implementation of Composer 2.5 in the xAI terminal tools as a result of this collaboration.

Grok Build Integrates Composer 2.5: xAI's Intelligent Agent Introduces Cursor's Core Model

On June 2, the Financial Times reported, citing three informed sources, that the United States is discussing the possibility of deploying nuclear weapons in additional NATO European member countries. The US has already deployed nuclear-capable bombers in six European countries (Belgium, Germany, Italy, the Netherlands, Turkey, and the UK), and US officials have recently signaled an 'open attitude' towards additional deployments beyond these six countries. This move would involve allowing more nations to host the so-called US 'Dual-Capable Aircraft' (DCA) — aircraft capable of executing nuclear strike missions. However, it was also noted that reaching an agreement to expand the US nuclear sharing arrangements is not urgent. NATO countries on the 'eastern flank,' including Poland and some Baltic states, have expressed interest in this, and discussions are ongoing within NATO channels. The US Department of Defense and NATO have not responded to this report.

[US May Increase Nuclear Deployments in Europe]On June 2, the Financial Times reported, citing three informed sources, that the United States is discussing the possibility of deploying nuclear weapons in additional NATO European member countries. The US has already deployed nuclear-capable bombers in six European countries (Belgium, Germany, Italy, the Netherlands, Turkey, and the UK), and US officials have recently signaled an 'open attitude' towards additional deployments beyond these six countries. This move would involve allowing more nations to host the so-called US 'Dual-Capable Aircraft' (DCA) — aircraft capable of executing nuclear strike missions. However, it was also noted that reaching an agreement to expand the US nuclear sharing arrangements is not urgent. NATO countries on the 'eastern flank,' including Poland and some Baltic states, have expressed interest in this, and discussions are ongoing within NATO channels. The US Department of Defense and NATO have not responded to this report.

US May Increase Nuclear Deployments in Europe

On June 1, local time, Israeli Prime Minister Netanyahu stated via social media that he has instructed the Israel Defense Forces to target locations in the Dahieh area of southern Beirut. (CCTV News)

[Israeli Prime Minister Orders Strikes on Southern Beirut]On June 1, local time, Israeli Prime Minister Netanyahu stated via social media that he has instructed the Israel Defense Forces to target locations in the Dahieh area of southern Beirut. (CCTV News)

Israeli Prime Minister Orders Strikes on Southern Beirut

Hoskinson Reaffirms Cardano Focus After IO Treasury Proposals Pass

TechFlow Intelligence Report: Xiaomi Announces 200 Billion HKD Stock Buyback Plan, Spot Gold Falls Nearly 1%

CEO's Unexpected Passing: Will ONDO's 'Tokenization Narrative' Change?

4 Years After Terra’s Collapse, Hodlnaut’s Former CEO Faces Fraud Charges In Singapore Court

Hoskinson Says This Cardano App Could Become Crypto’s Most-Used By 2030

Retail Investors' 'Lead Brother' Serenity vs. Newly Minted Stock God Leopold: How Are the Two Top Hunters Mining AI's 'Physical Limits'?

One Article Deconstructs the Investment Methodology of 'Stock God Serenity'

Sharplink CEO: Ethereum's Future Is Playing Out Now

Kalshi and Coinbase Receive CFTC Approval, Ushering in the Most Regulation-Friendly Era for the Crypto Industry?

Weekly Token Unlocks: HYPE Unlocks $650M Worth of Tokens

Article

CoinShares: Digital Asset Funds Experience $1.67 Billion Net Outflow in One Week, Second Largest This Year

Israeli Prime Minister Orders Strikes on Southern Beirut

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