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Michael Burry, famed for predicting the 2008 crash, revealed he considered shorting SpaceX but found the cost prohibitive. He questions how its under $20B revenue justifies a valuation approaching $3 trillion, labeling it a blend of space, telecom, social media, and AI ventures.
Read MoreDespite Iran tensions, UK inflation held at 2.8% in May, below forecasts. Energy cost impacts were milder than feared as retailers absorbed pressures. Falling oil prices and regulatory caps may ease household burdens, giving the Bank of England more time to assess policy risks.
Read MoreCiti has made a substantial upward revision to its price target for Micron Technology, raising it from $840 to $1200. This significant adjustment underscores strong market optimism regarding the company's future growth trajectory and reflects positive shifts in industry fundamentals.
Read MoreAmazon founder Jeff Bezos warns at a tech summit that AI's rapid advancement could disrupt traditional job markets, potentially causing a structural shortage of key skilled labor globally, urging proactive societal adaptation.
Read MoreCursor's inaugural Compile summit revealed key AI-native infrastructure: a 1.5-trillion-parameter self-developed model with comprehensive engineering capabilities, and Origin, a code hosting platform designed for AI agent collaboration. The company's acquisition by SpaceX and mobile app testing signal its evolution from an IDE to a full AI engineering platform.
Read MoreA major entity linked to venture giant a16z rapidly acquired $6.4M worth of HYPE tokens within 30 minutes. Since earlier this year, this whale has accumulated a massive position now showing an unrealized profit of approximately $193 million, drawing significant attention to its strategic moves in the crypto market.
Read MoreBinance Alpha announces the exclusive launch of the o1 exchange (O) token. Trading begins on June 17, 2025, at 22:00. Users holding a minimum of 225 Alpha points can claim a 200 O token airdrop on a first-come, first-served basis via the campaign page.
Read MoreStrive, a publicly-listed firm, raised $19.45 million in a single day through an at-the-market offering, funding the purchase of a significant Bitcoin haul. Its strategy kept shares stable above the offering price, demonstrating sustained institutional capital flow into crypto assets via traditional equity markets.
Read MoreZhipu AI's new flagship model GLM-5.2 scored 51 points in a major AI benchmark, securing the top rank globally for open-source models. Its performance in real-world knowledge work tests rivals leading proprietary models, marking a significant leap in capability and cost-effectiveness for the open-source community.
Read MoreOn-chain analysis reveals investor Garret Jin, known as the '10.11 Insider Whale,' has accumulated over 366K UNI tokens with 2x leverage while maintaining 5x Bitcoin and 2x Zcash long positions, signaling strong conviction in DeFi and privacy coins.
Read MoreChina's State Council has unveiled a new employment strategy, highlighting the 'AI+' initiative to foster job creation. The plan focuses on expanding AI applications, promoting tech commercialization, and exploring human-machine collaboration. It aims to harness AI's benefits to enhance employment policies and public welfare.
Read MoreSpaceX's post-IPO stock surge to become a top-five global company by market cap has analysts concerned. The rally, despite uncertain profitability and execution risks, is seen as a potential bubble signal for the broader tech sector.
Read MoreProminent investor Serenity criticizes Wall Street firm Bernstein's research accuracy, citing flawed calls on Kioxia and Intel. He warns retail investors that such reports may prioritize institutional positions over client interests, urging independent analysis.
Read MoreSingapore's top financial regulator highlights that AI now heavily influences global equity valuations, but the revenue returns from AI remain highly uncertain. Rising energy and chip costs, alongside rapid AI adoption, pose economic and security risks.
Read MoreChina's offshore yuan continued its upward trajectory against the US dollar on Monday, closing at 6.7569 with a 5-basis-point increase. The movement underscores the currency's growing resilience amid global market fluctuations, supported by solid domestic economic fundamentals.
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