Odaily reported that Nippon Telegraph and Telephone Corporation (NTT) will raise funds from investors in the United States and South Korea to establish a $500 million optical network fund. Approximately 20 companies are expected to participate in NTT's fund, including Samsung Electronics. (Jin Shi)
Odaily Planet Daily News: SpaceX is preparing for a record-breaking initial public offering (IPO), but renowned investor Steve Eisman has expressed concerns about its artificial intelligence business. Eisman, the real-life trader who inspired the character betting against the housing market in the movie "The Big Short," said in an interview with CNBC on Monday that although he does not plan to short SpaceX stock during the IPO, the company's prospectus has raised some red flags. SpaceX's capital expenditures have increased significantly: "Capital expenditures accounted for only 42% of revenue in the 2023 fiscal year, but have reached 215% of revenue in the most recent quarter, indicating that the company has become highly capital-intensive." (Business Insider)
Odaily reports that Sui announced on X platform that confidential transfers are now open for public testing on Sui Devnet, where transfer amounts and balances remain private, with controlled visibility for compliance and auditing purposes.
Adam, a macro researcher at Greeks.live, posted on X platform that as the market rebounds, BTC's GEX is concentrated at $60,000. The previously scattered GEX combination has become concentrated, primarily dominated by current-week and current-month options. The biggest macro event this week is SpaceX's listing on June 12. As the world's largest IPO, the liquidity impact on US stocks is worth watching.
Recently, US stock market volatility has been high, exerting significant pressure on cryptocurrencies. A large number of crypto market investors have recently flooded into the US stock market, and the correlation between the crypto market and the US stock market may continue to increase. The IV for options expiring this week has risen significantly, and the proportion of block trades has also continued to increase. Investors are positioning for near-term defense, and there is strong demand for short-term call options.
Odaily reported that in April this year, KelpDAO's LayerZero bridge was exploited in a $292 million vulnerability attack, triggering an $8.45 billion deposit run on Aave within 48 hours, marking the largest capital outflow event in decentralized finance (DeFi) history. Aave founder Stani Kulechov stated that the design of Aave V3 withstood the market test, demonstrating the network's "resilience." However, independent data indicates that Aave's survival primarily relied on $300 million in emergency rescue, including a 25,000 ETH guarantee from the Aave DAO and a personal injection of 5,000 ETH (approximately $8.4 million) by Kulechov.
Kulechov attributed the vulnerability to third-party infrastructure rather than core smart contracts. However, analysts pointed out that this incident exposed deficiencies in Aave's risk architecture and insurance mechanisms, leading the platform to incur significant bad debt (approximately $123.7 million in wETH). To prevent future bridge failures from triggering systemic bank runs, Aave V4 will adopt a modular "hub-and-spoke" architecture, enabling local risk auto-adjustment and collateral freezing. (CoinDesk)
Odaily reported that according to market sources, SpaceX is reportedly planning to complete its IPO subscription after the close of trading on Wednesday.
Odaily reports that according to OKX market data, ZEC has broken above 450 USDT and is currently trading at 453.49 USDT, with a 24-hour increase of 7.06%.
According to Onchain Lens monitoring, a whale sold 82,928 HYPE at an average price of $64.34, realizing a profit of $2.06 million.
According to MSX.COM data, the U.S. crypto concept stocks sector is broadly rising. BMNR is up nearly 8%, Strategy and Coinbase are up over 5%, Circle is up nearly 4%, and Robinhood is up nearly 3%.
According to data from MSX.COM, the Nasdaq Composite Index expanded its gains to 1.76%, reaching 26,162.84 points. The Philadelphia Semiconductor Index surged by 7%, hitting an intraday high, after falling sharply by 10% last Friday. Among popular sectors, Nvidia's stock price rose 1.77%, TSMC's stock price rose 4.18%, Broadcom's stock price rose 3.04%, Micron Technology's stock price rose 10.37%, AMD's stock price rose 5.7%, ASML's stock price rose 7.29%, Intel's stock price rose 12.66%, and ARM rose 4.48%.
Odaily reported that Leopold Aschbrenner's Situational Awareness Fund has achieved cumulative returns of approximately 270% this year, bringing total fund assets to $20 billion. The fund's holdings of Anthropic equity currently account for about 20% of its assets, with investors including renowned quantitative trading firm Jane Street. (WSJ)
Odaily reported that developers of the OpenAI Stargate data center are facing rising costs due to energy challenges, according to two sources familiar with the matter, as well as engineers and grid experts who received briefings, who stated the process is proving more difficult and expensive than anticipated. Crusoe, which is also a data center development partner for Oracle, is seeing the project's energy issues put significant pressure on operating costs. Currently, on a dry prairie in Abilene, Texas, Crusoe's hardware engineers are working overtime to coordinate natural gas turbines with one of the world's most expensive AI supercomputers, which is part of the OpenAI Stargate project. (The Information)
Odaily Odaily reports that Citigroup has lowered its 3-month gold price target to $4,000 per ounce, from a previous target of $4,300 per ounce, while maintaining its 6-12 month gold price target unchanged at $5,000 per ounce. Citigroup stated that despite negative short-term momentum, gold prices are expected to eventually rebound as the situation in the Strait of Hormuz eases. (Jin Shi)
Odaily reported that, according to Onchain Lens monitoring, the whale "nemorino.eth" bought 6,329 ETH at an average price of $1,692, worth approximately $10.71 million.
Odaily reports that Nasdaq-listed company TON Strategy disclosed that it received approximately 3.3 million TON in rewards in May from staking about 227 million Toncoin, valued at roughly $5.6 million at market prices, with an initial annualized staking yield of around 1.48%. The company staked nearly all of its TON holdings and supported a series of network upgrades that have taken effect in the latest governance proposal, including improvements to smart contract execution efficiency, block synchronization, and validation capabilities, aimed at enhancing throughput and scalability. (The Block)
