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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

On June 17, CNBC reported that renowned investor Jim Cramer stated that the driving force behind the continuous rise in SpaceX's stock price is not its current profitability, but rather the market's bet on Musk's ability to create disruptive companies. Cramer noted that after SpaceX completed its IPO last week, its market value quickly soared to about $2.5 trillion, briefly surpassing Microsoft and Amazon. Despite the company potentially remaining unprofitable for many years to come, investors are willing to assign a high valuation due to Musk's track record of building industry leaders. Cramer remarked, 'This stock is called SpaceX, but it might as well be called Elon Musk. When you buy into SpaceX, you are essentially buying Musk's brain.' He pointed out that investors value not only Musk's proposed goal of achieving $1 trillion in annual revenue by 2030 but also the long-term business strategies involving Starlink satellite internet, reusable rockets, and data centers. Meanwhile, SpaceX announced on Tuesday that it will acquire AI programming startup Cursor for $60 billion in stock, further expanding its footprint in the fields of artificial intelligence and software development. Cramer believes some investors view SpaceX as akin to Berkshire Hathaway in the Buffett era, betting on an entrepreneur capable of creating value for decades through ownership of a single company. He stated that while the market remains skeptical about SpaceX's valuation, the cost for short sellers has been quite high so far.

[Investors Buy Not Profit, But Elon Musk in SpaceX]On June 17, CNBC reported that renowned investor Jim Cramer stated that the driving force behind the continuous rise in SpaceX's stock price is not its current profitability, but rather the market's bet on Musk's ability to create disruptive companies. Cramer noted that after SpaceX completed its IPO last week, its market value quickly soared to about $2.5 trillion, briefly surpassing Microsoft and Amazon. Despite the company potentially remaining unprofitable for many years to come, investors are willing to assign a high valuation due to Musk's track record of building industry leaders. Cramer remarked, 'This stock is called SpaceX, but it might as well be called Elon Musk. When you buy into SpaceX, you are essentially buying Musk's brain.' He pointed out that investors value not only Musk's proposed goal of achieving $1 trillion in annual revenue by 2030 but also the long-term business strategies involving Starlink satellite internet, reusable rockets, and data centers. Meanwhile, SpaceX announced on Tuesday that it will acquire AI programming startup Cursor for $60 billion in stock, further expanding its footprint in the fields of artificial intelligence and software development. Cramer believes some investors view SpaceX as akin to Berkshire Hathaway in the Buffett era, betting on an entrepreneur capable of creating value for decades through ownership of a single company. He stated that while the market remains skeptical about SpaceX's valuation, the cost for short sellers has been quite high so far.

Investors Buy Not Profit, But Elon Musk in SpaceX

On June 17, The New York Times reported that the crypto industry's super PAC Fairshake and its affiliated organizations have invested approximately $12.1 million in the Republican primary for U.S. Senator in Alabama to support pro-cryptocurrency Congressman Barry Moore. According to advertising monitoring agency AdImpact, television ad spending alone reached $9.8 million. Barry Moore has supported several bills prioritized by the crypto industry and has publicly opposed central bank digital currencies (CBDCs), stating he does not want the government to control people's financial activities. Fairshake's campaign ads prominently feature Trump's endorsement of Moore. As of May this year, Fairshake and its affiliated organizations held about $150 million in funds, making it one of the most influential political forces in the 2026 U.S. midterm elections. The organization plans to reserve most of its funds for the fall elections while continuing to support pro-crypto candidates in some 'safe seat' primaries. Previously, Fairshake invested around $9 million in the Illinois Democratic primary to support an opponent but failed to prevent Julianna Stratton from winning. In Alabama, Fairshake's affiliated organization Defend American Jobs has invested about $10 million to support Barry Moore, while the funding for his opponent, retired Navy SEAL Jared Hudson, is significantly smaller.

[Largest Midterm Election Bet in Crypto Industry Placed in Alabama, Fairshake Invests Over $12 Million to Support Barry Moore]On June 17, The New York Times reported that the crypto industry's super PAC Fairshake and its affiliated organizations have invested approximately $12.1 million in the Republican primary for U.S. Senator in Alabama to support pro-cryptocurrency Congressman Barry Moore. According to advertising monitoring agency AdImpact, television ad spending alone reached $9.8 million. Barry Moore has supported several bills prioritized by the crypto industry and has publicly opposed central bank digital currencies (CBDCs), stating he does not want the government to control people's financial activities. Fairshake's campaign ads prominently feature Trump's endorsement of Moore. As of May this year, Fairshake and its affiliated organizations held about $150 million in funds, making it one of the most influential political forces in the 2026 U.S. midterm elections. The organization plans to reserve most of its funds for the fall elections while continuing to support pro-crypto candidates in some 'safe seat' primaries. Previously, Fairshake invested around $9 million in the Illinois Democratic primary to support an opponent but failed to prevent Julianna Stratton from winning. In Alabama, Fairshake's affiliated organization Defend American Jobs has invested about $10 million to support Barry Moore, while the funding for his opponent, retired Navy SEAL Jared Hudson, is significantly smaller.

Largest Midterm Election Bet in Crypto Industry Placed in Alabama, Fairshake Invests Over $12 Million to Support Barry Moore

On June 17, Ki Young Ju, founder and CEO of CryptoQuant, stated on platform X that altcoins are not dead. Only those altcoins that rely solely on narrative hype will be eliminated. The era where simply issuing coins could generate profit has ended. 
He discussed the types of altcoins that he personally believes can still survive, emphasizing that while narrative remains important, it is no longer sufficient on its own. Some altcoins are still worth holding long-term, provided that the projects have real business operations, actual revenue, and align with global mainstream financial development trends. 
In his view, altcoins with long-term value can be categorized into three types: 
1. Global internet platforms with tokenized market layers; 
2. Decentralized financial service projects with real earnings; 
3. Projects that align with mainstream financial development trends.

[CryptoQuant Founder: Altcoins Are Not Dead, Only Those Dependent on Narrative Hype Will Be Eliminated]On June 17, Ki Young Ju, founder and CEO of CryptoQuant, stated on platform X that altcoins are not dead. Only those altcoins that rely solely on narrative hype will be eliminated. The era where simply issuing coins could generate profit has ended. 
He discussed the types of altcoins that he personally believes can still survive, emphasizing that while narrative remains important, it is no longer sufficient on its own. Some altcoins are still worth holding long-term, provided that the projects have real business operations, actual revenue, and align with global mainstream financial development trends. 
In his view, altcoins with long-term value can be categorized into three types: 
1. Global internet platforms with tokenized market layers; 
2. Decentralized financial service projects with real earnings; 
3. Projects that align with mainstream financial development trends.

CryptoQuant Founder: Altcoins Are Not Dead, Only Those Dependent on Narrative Hype Will Be Eliminated

On the 16th local time, the Israeli military conducted multiple military operations, including interceptions and airstrikes, in southern Lebanon, resulting in numerous casualties. The Lebanese President and Prime Minister met that day to plan the advancement of Israel-Lebanon peace talks and prepare for a new round of negotiations. (CCTV News)

[Lebanon Prepares for Fifth Round of Talks Amid Ongoing Israel-Lebanon Conflict]On the 16th local time, the Israeli military conducted multiple military operations, including interceptions and airstrikes, in southern Lebanon, resulting in numerous casualties. The Lebanese President and Prime Minister met that day to plan the advancement of Israel-Lebanon peace talks and prepare for a new round of negotiations. (CCTV News)

Lebanon Prepares for Fifth Round of Talks Amid Ongoing Israel-Lebanon Conflict

On June 17, according to a final draft of a memorandum of understanding obtained by Bloomberg, the United States will immediately issue exemption licenses for Iranian crude oil, petrochemical products, and related financial, insurance, and transportation services after the agreement is signed. Additionally, it will promote a financing plan of at least $300 billion to support Iran's economic recovery while gradually unfreezing Iran's overseas assets. The draft indicates that Iran and the US plan to sign the memorandum of understanding in Switzerland on June 19 to end the conflict that has persisted since February of this year. The agreement stipulates that both sides will implement a permanent ceasefire on all fronts, including towards Lebanon, and commit to refraining from using force against each other. The US also promises to lift the maritime blockade and restore navigation capabilities in the Strait of Hormuz within 30 days, while withdrawing military forces from the surrounding region within 30 days after the final agreement is signed. In exchange, Iran commits to never developing nuclear weapons and will address the fate of enriched materials and other nuclear issues in the final agreement, while restoring shipping traffic from the Persian Gulf to the Gulf of Oman. Both sides will negotiate to reach a final agreement within a maximum of 60 days, which will be approved through a binding resolution by the United Nations Security Council. The draft also shows that prior to the final agreement, Iran will maintain its current nuclear program status, and the US will not impose new sanctions or strengthen regional military deployments. The US commits to gradually unfreezing and restoring the use of Iran's frozen or restricted assets as negotiations progress. However, Trump previously denied that the US would directly provide $300 billion in funding to Iran. Sources indicate that the US currently understands that the oil sales exemption is mainly limited to already shipped Iranian crude oil and does not imply a full restoration of exports.

[Bloomberg: Draft Shows US Plans to Immediately Allow Iranian Oil Exports and Promote $300 Billion Financing Plan]On June 17, according to a final draft of a memorandum of understanding obtained by Bloomberg, the United States will immediately issue exemption licenses for Iranian crude oil, petrochemical products, and related financial, insurance, and transportation services after the agreement is signed. Additionally, it will promote a financing plan of at least $300 billion to support Iran's economic recovery while gradually unfreezing Iran's overseas assets. The draft indicates that Iran and the US plan to sign the memorandum of understanding in Switzerland on June 19 to end the conflict that has persisted since February of this year. The agreement stipulates that both sides will implement a permanent ceasefire on all fronts, including towards Lebanon, and commit to refraining from using force against each other. The US also promises to lift the maritime blockade and restore navigation capabilities in the Strait of Hormuz within 30 days, while withdrawing military forces from the surrounding region within 30 days after the final agreement is signed. In exchange, Iran commits to never developing nuclear weapons and will address the fate of enriched materials and other nuclear issues in the final agreement, while restoring shipping traffic from the Persian Gulf to the Gulf of Oman. Both sides will negotiate to reach a final agreement within a maximum of 60 days, which will be approved through a binding resolution by the United Nations Security Council. The draft also shows that prior to the final agreement, Iran will maintain its current nuclear program status, and the US will not impose new sanctions or strengthen regional military deployments. The US commits to gradually unfreezing and restoring the use of Iran's frozen or restricted assets as negotiations progress. However, Trump previously denied that the US would directly provide $300 billion in funding to Iran. Sources indicate that the US currently understands that the oil sales exemption is mainly limited to already shipped Iranian crude oil and does not imply a full restoration of exports.

Bloomberg: Draft Shows US Plans to Immediately Allow Iranian Oil Exports and Promote $300 Billion Financing Plan

On June 17, CNBC reported that the Federal Reserve will release its latest dot plot on Wednesday, showing officials' expectations for interest rate trends. However, most Wall Street Fed watchers expect the new Fed Chair Waller to abstain from participating, possibly because he feels unprepared or simply dislikes the dot plot. Waller has previously expressed opposition to the dot plot and other forward guidance methods, arguing that these approaches limit the Fed's decision-making ability. If Waller refuses to provide dot plot expectations, it would contradict nearly 14 years of practice since the financial crisis and could alienate him from other Fed officials who support this communication method. However, for Waller, who has committed to fundamentally reforming the institution's operations, this could be an effective first step. 'In my view, he likely does not want to submit interest rate forecasts,' said Bill English, former head of monetary policy at the Fed and current professor at Yale University. 'There may be others on the committee who also dislike the dot plot and would be willing to do the same.'

[Analysis: Waller May Refuse to Provide Fed Dot Plot Expectations, Breaking 14-Year Tradition]On June 17, CNBC reported that the Federal Reserve will release its latest dot plot on Wednesday, showing officials' expectations for interest rate trends. However, most Wall Street Fed watchers expect the new Fed Chair Waller to abstain from participating, possibly because he feels unprepared or simply dislikes the dot plot. Waller has previously expressed opposition to the dot plot and other forward guidance methods, arguing that these approaches limit the Fed's decision-making ability. If Waller refuses to provide dot plot expectations, it would contradict nearly 14 years of practice since the financial crisis and could alienate him from other Fed officials who support this communication method. However, for Waller, who has committed to fundamentally reforming the institution's operations, this could be an effective first step. 'In my view, he likely does not want to submit interest rate forecasts,' said Bill English, former head of monetary policy at the Fed and current professor at Yale University. 'There may be others on the committee who also dislike the dot plot and would be willing to do the same.'

Analysis: Waller May Refuse to Provide Fed Dot Plot Expectations, Breaking 14-Year Tradition

On June 17, according to monitoring by Onchain Lens, a newly created wallet transferred 20,000 Ethereum worth $35.86 million from FalconX. This wallet is highly likely to belong to Bitmine.

[Suspected Bitmine Wallet Transfers 20,000 ETH Worth $35.86 Million from FalconX]On June 17, according to monitoring by Onchain Lens, a newly created wallet transferred 20,000 Ethereum worth $35.86 million from FalconX. This wallet is highly likely to belong to Bitmine.

Suspected Bitmine Wallet Transfers 20,000 ETH Worth $35.86 Million from FalconX

On June 17, various parties continued to signal developments regarding the US-Iran agreement, the Lebanon-Israel conflict, and the situation in the Strait of Hormuz. Trump stated that negotiations for the US-Iran agreement have entered the second phase and that the agreement will explicitly prohibit Iran from possessing nuclear weapons, with the full text to be released soon, possibly even read aloud verbatim. On the Iranian side, the Central Headquarters of the Iranian Armed Forces, Khatam al-Anbia, accused Israel of violating the Lebanese ceasefire agreement 84 times in the past two days and warned that military responses would be taken if violations continue. The Iranian Revolutionary Guard emphasized that Hezbollah has demonstrated strong capabilities in recent conflicts and will "never be destroyed." Iranian Foreign Minister Zarif stated that nuclear issues will be discussed in the final stages of negotiations, and ending the Lebanon war is a necessary condition for ending the Iranian conflict. An advisor from the Iranian Foreign Ministry reiterated that missile programs and support for regional allies are non-negotiable. On the US side, Israeli media reported that some US military refueling aircraft have begun to withdraw from Israel. Additionally, reports indicate that the US is allowing Iran to immediately resume oil exports and is secretly transporting oil from the Gulf. Trump mentioned that the US is not in a hurry to obtain Iranian nuclear materials but will destroy relevant nuclear materials at the appropriate time. US Vice President Pence emphasized that no US government funds will be provided to Iran. From Israel, the military reported successfully intercepting rockets launched from Lebanon. Prime Minister Netanyahu stated that Iran will not obtain nuclear weapons, regardless of whether an agreement is reached. According to Israeli media, Israel had requested to view the contents of the US-Iran understanding memorandum but was denied. Regarding the Strait of Hormuz, an Iranian deputy foreign minister stated that the US has lifted some of its blockade on Iran. US intelligence agencies believe that Iran still has the capability to close the Strait of Hormuz again. The Iranian Vice President stated that Tehran will continue to maintain control over the Strait of Hormuz. In international oil markets, WTI crude oil dropped 7%, and Brent crude fell below $80 for the first time since early March. In ceasefire negotiations, Saudi media disclosed the 14-point memorandum of understanding between the US and Iran, which proposes the establishment of a $300 billion private fund that does not involve government funds. The Iranian deputy foreign minister stated that Speaker Qalibaf will attend the signing ceremony of the US-Iran memorandum, and the next phase will discuss uranium enrichment, nuclear stockpiles, and Iran's nuclear needs. Additionally, Hezbollah's media liaison office revealed that Iran has committed not to sign a final nuclear agreement with the US unless Israel withdraws from Lebanon. Qalibaf stated that Israel must withdraw from Lebanon. Trump considers the Israel-Lebanon conflict to be a "small-scale war" that will not affect the progress of the Iran agreement.

[Middle East Situation Update: Full US-Iran Agreement to be Released Soon, WTI Oil Drops 7%]On June 17, various parties continued to signal developments regarding the US-Iran agreement, the Lebanon-Israel conflict, and the situation in the Strait of Hormuz. Trump stated that negotiations for the US-Iran agreement have entered the second phase and that the agreement will explicitly prohibit Iran from possessing nuclear weapons, with the full text to be released soon, possibly even read aloud verbatim. On the Iranian side, the Central Headquarters of the Iranian Armed Forces, Khatam al-Anbia, accused Israel of violating the Lebanese ceasefire agreement 84 times in the past two days and warned that military responses would be taken if violations continue. The Iranian Revolutionary Guard emphasized that Hezbollah has demonstrated strong capabilities in recent conflicts and will "never be destroyed." Iranian Foreign Minister Zarif stated that nuclear issues will be discussed in the final stages of negotiations, and ending the Lebanon war is a necessary condition for ending the Iranian conflict. An advisor from the Iranian Foreign Ministry reiterated that missile programs and support for regional allies are non-negotiable. On the US side, Israeli media reported that some US military refueling aircraft have begun to withdraw from Israel. Additionally, reports indicate that the US is allowing Iran to immediately resume oil exports and is secretly transporting oil from the Gulf. Trump mentioned that the US is not in a hurry to obtain Iranian nuclear materials but will destroy relevant nuclear materials at the appropriate time. US Vice President Pence emphasized that no US government funds will be provided to Iran. From Israel, the military reported successfully intercepting rockets launched from Lebanon. Prime Minister Netanyahu stated that Iran will not obtain nuclear weapons, regardless of whether an agreement is reached. According to Israeli media, Israel had requested to view the contents of the US-Iran understanding memorandum but was denied. Regarding the Strait of Hormuz, an Iranian deputy foreign minister stated that the US has lifted some of its blockade on Iran. US intelligence agencies believe that Iran still has the capability to close the Strait of Hormuz again. The Iranian Vice President stated that Tehran will continue to maintain control over the Strait of Hormuz. In international oil markets, WTI crude oil dropped 7%, and Brent crude fell below $80 for the first time since early March. In ceasefire negotiations, Saudi media disclosed the 14-point memorandum of understanding between the US and Iran, which proposes the establishment of a $300 billion private fund that does not involve government funds. The Iranian deputy foreign minister stated that Speaker Qalibaf will attend the signing ceremony of the US-Iran memorandum, and the next phase will discuss uranium enrichment, nuclear stockpiles, and Iran's nuclear needs. Additionally, Hezbollah's media liaison office revealed that Iran has committed not to sign a final nuclear agreement with the US unless Israel withdraws from Lebanon. Qalibaf stated that Israel must withdraw from Lebanon. Trump considers the Israel-Lebanon conflict to be a "small-scale war" that will not affect the progress of the Iran agreement.

Middle East Situation Update: Full US-Iran Agreement to be Released Soon, WTI Oil Drops 7%

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%

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