Odaily Odaily reports that AI infrastructure startup TensorWave has completed a $350 million Series B funding round, achieving a post-money valuation of $1.55 billion. The funds will be used to expand global AI infrastructure powered by AMD. (Zhito Finance)

Odaily Odaily Planet Daily reports that, according to the CME "FedWatch," the probability of the Fed maintaining the current interest rate in June is 96.3%, while the probability of a cumulative 25-basis-point rate cut is 3.7%. The probability of the Fed keeping rates unchanged in July is 86.%, the probability of a cumulative 25-basis-point rate hike is 10.3%, and the probability of a cumulative 25-basis-point rate cut is 3.3%.

Odaily reported that the U.S. core CPI rose 0.2% month-on-month in May, below the market expectation of 0.3%. U.S. Treasuries strengthened slightly, while bond traders maintained their bets that the Federal Reserve will raise interest rates by the end of the year. The data is seen as relieving some pressure on the Fed ahead of Kevin Warsh’s first meeting as Fed Chair next week.

Following the CPI release, most U.S. Treasury yields fell by less than 1 basis point. The two-year Treasury yield, which is more sensitive to near-term monetary policy changes, stood at 4.11%, down from around 4.13% earlier in the session. Dan Carter, senior portfolio manager at Washington Fort Investment Advisors, said, “This gives the Fed a little breathing room.” (Jin Shi)

Odaily reports that Curve Finance has launched its lending protocol Llamalend v2 on Optimism as the first phase of a major upgrade, with plans to deploy it on the Ethereum mainnet in the second half of 2026. The new version removes the restriction of only supporting crvUSD, allowing nearly any combination of collateral and lending assets, and introduces LlamaRisk to handle collateral assessment and market management. Users can stake Curve LP tokens as collateral, borrowing funds while retaining market-making exposure, thereby improving capital efficiency. (The Block)

U.S. Senator Warren calls on the Securities and Exchange Commission (SEC) to delay SpaceX's IPO, urging the SEC to review the IPO. (Jin10)

Odaily Planet Daily reported that, according to Onchain Lens monitoring, BlackRock deposited 1,564 BTC into Coinbase, valued at $96.49 million.

Odaily Odaily Reports: Blockchain oracle and market data provider Pyth Network has announced the launch of continuous price indices for U.S. stocks and commodities, aiming to support around-the-clock trading products in the crypto market. The initial coverage includes U.S. stocks such as Nvidia, Tesla, Apple, Circle, and Strategy, as well as commodities like gold, silver, WTI crude oil, and Brent crude oil.

It is reported that Coinbase, Kraken, dYdX, and Nado have been the first to integrate these indices to build new trading markets. This pricing system can provide continuous reference prices for perpetual contracts, tokenized assets, prediction markets, derivatives settlement, and ETF benchmarks, even updating data during traditional exchange closures.

Additionally, Pyth is collaborating with MarketVector (a VanEck-owned index provider) to develop sector index futures covering themes such as artificial intelligence, defense, and technology. (Cointelegraph)

Odaily reported that according to market sources: WLFI treasury company AIFC disclosed that 3.3 billion WLFI will be used as collateral and for loans to alleviate the company's liquidity, while another 3.5 billion WLFI will become fully transferable on August 12.

Odaily reported that "Fed Whisperer" Nick Timiraos noted that it should not be overlooked that the overall CPI rose 0.47% month-over-month (an annualized increase of 5.8%), pushing the unadjusted annual CPI rate to 4.2%, a three-year high. On a three-month annualized basis, CPI rose 8.2%.

Odaily News Brian Jacobsen, Chief Economist at Annex Wealth Management, said the inflation data meeting expectations does not mean it is a good report. He added that the overall inflation data does not show much evidence that the rise in energy commodities is seeping into core prices. Whether through force or a ceasefire, the clock is ticking loudly on opening the Strait of Hormuz. The Fed will not speculate on when this will happen, so US President Trump needs to provide them with certainty before the Fed meeting. (Jin Shi)

Nasdaq-listed Bitcoin financial services firm Fold announced the sale of approximately $45 million worth of Bitcoin at an average price of $71,000, while simultaneously completing a capital restructuring. Of the proceeds from this sale, $20 million was used to repay Bitcoin-collateralized secured debt, with the remaining $25 million allocated to business development. The company has now fully repaid all secured debt, resulting in improved liquidity and cash flow. Fold stated that it still holds a substantial Bitcoin reserve and will flexibly adjust its asset allocation based on earnings performance to support the company’s continued growth. (Globenewswire)

Odaily reported that, according to Onchain Lens monitoring, the whale address 0x97f, which held a 50x leveraged short position on S&P 500 ($SP500) on HyperLiquid, has fully closed its position. Data shows that the position ultimately realized a profit of over $1,565,000. This closure also ended the address's high-leverage bet in the S&P 500 market.

Odaily reported that US CPI data for May showed inflation surging to a three-year high, but the moderate rise in core prices has alleviated Wall Street's concerns about interest rate hikes.

Today's CPI data and tomorrow's PPI figures are expected to influence the Federal Reserve's policy stance, which will be announced a week later when Kashkari chairs the Fed meeting for the first time. According to the CME FedWatch, before the release of the CPI inflation data, the market had already priced in a 70% probability of the Fed raising interest rates by the end of 2026.

However, the market believes that a rate hike at next week's Fed meeting is almost impossible, with the probability of a rate hike at the July meeting standing at just 13%. The short-term focus lies on whether the Fed will clearly shift from an accommodative stance to a neutral or tightening stance at its upcoming meeting. This week's CPI and PPI inflation data, along with progress in US-Iran negotiations, could influence the balance between neutrality and tightening. (Jinshi)

Odaily reported that U.S. consumer prices rose at the fastest pace in three years in May, as the conflict in the Middle East pushed up prices for gasoline and other energy products, providing further justification for the Federal Reserve to keep interest rates unchanged through 2027.

Data released on Wednesday showed that in the 12-month period ending in May, the CPI rose 4.2% year-over-year, the largest increase since April 2023. Compared to the previous month, prices rose 0.5% month-over-month, following a 0.6% increase in April. The third consecutive month of sharp CPI increases highlights the growing pressure on households, as there are signs that more consumers are dipping into their savings to cover expenses.

Furthermore, inflation has outpaced wage growth for the second consecutive month, which could negatively impact overall economic growth. At the same time, the sharp rise in the cost of living represents a significant political burden for President Trump and his party, as they attempt to maintain control of Congress in the November midterm elections.

John Briggs, Head of U.S. Rates Strategy for North America at Natixis, said that the core inflation monthly rate was slightly more moderate than expected, which may help solidify the argument that the peak of war-related inflation may have passed, and the inflation outlook could improve in the future. Of course, this depends on oil prices remaining stable going forward. (Jin10)

Odaily reported that Trump Media & Technology Group (DJT.O) announced that the relevant parties have decided not to proceed with a potential spin-off of certain TMTG media assets, including Truth Social, at this time. (Jinshi)

Odaily reported that John Wang, Head of Crypto Business at prediction market platform Kalshi, stated on X that it is widely believed Sam Bankman-Fried (SBF) was a "top-tier venture capitalist" who successfully invested in star projects like Anthropic and Cursor. However, Wang argued this narrative is inaccurate. The real "core figure" driving these investment strategies and early resource allocation was actually "AI stock guru" Leopold Aschenbrenner, not SBF himself.

Analysis suggests that this remark has sparked discussion within the crypto and venture capital circles, once again bringing the attribution of SBF's influence on early-stage investments in Silicon Valley and the crypto industry into the spotlight. It is reported that the AI fund Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, has grown to over $20 billion in scale, with quantitative giant Jane Street making a rare capital injection. Situational Awareness has achieved a year-to-date return rate of 270% and cumulative returns exceeding 1,000% since its inception. Equity bets on Anthropic have contributed the most successful returns, accounting for one-fifth of its assets. Beyond public markets, Situational Awareness also co-led an investment round in AI chip company MatX with Jane Street and participated in the latest funding round of AI cloud computing provider Fluidstack.