Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

June 17 — Frank Flight, chief macro strategist at Castle Securities, says the Federal Reserve could launch a fresh round of interest rate increases this year, with a total hike of 75 basis points, potentially kicking off as soon as September. In its report, the firm notes that against a backdrop of persistent, widening inflation, multiple factors are amplifying price pressures: loose financial conditions, supply chain snags, a tightening labor market, and a boom in AI-related investing. While the recent de-escalation in the Middle East has pushed oil prices lower, past conflicts have left a structural imprint on inflation expectations. Flight expects incoming Fed Chair Kevin Wash to adopt a hawkish tone at his first policy meeting, which could upend market bets that the central bank will cut rates in September. He also sees September, December, and early 2023 as all potential timeframes for those rate hikes. On the policy path front, Castle Securities thinks the June Fed meeting wil

According to monitoring data from OnchainLens, an address linked to Arthur Hayes received an additional 1,400 ETH (valued at $2.51 million) from FalconX on June 17. Separately, this same address had increased its ETH holdings by 3,000 ETH on June 15, pushing its total ETH balance to 4,400 ETH (worth $7.89 million).

June 17 — Serenity, sharing Mizuho Securities’ latest research note, called the recent sharp sell-off in CPO (Co-Packaged Optics) concept stocks an entirely unwarranted overreaction. Mizuho’s report dismisses market concerns over CPO mass production delays and slow 800V DC data center deployment as unfounded. Both tech pathways are on track, with mass production still targeted for 2028–2029. Fueled by rising demand for Nvidia’s 3.2T Spectrum-X CPO switch in 2027, Mizuho has upped its Optical Engine (OE) shipment projections. On the technological front, Mizuho identifies InP DFB lasers as CPO’s long-term mainstream standard, specifically naming $SIVE as a related beneficiary. VCSEL and microLED have not been sufficiently validated for short-distance intra-rack and chip-to-chip use cases above 1.6T, making them unlikely to become mainstream alternatives in the near term. For 800VDC data centers, incremental shipments are set to launch in 2027, with penetration rates rising further

June 17: Binance’s MiCA license application to Greek regulators is reportedly set to be rejected, per people with knowledge of the matter. If finalized, this would mean Binance could lose its legal operating status across all 27 EU member states as early as July, leaving EU users’ accounts in a state of uncertainty. Under the EU’s Markets in Crypto-Assets (MiCA) rules, crypto firms are required to secure a license from a national regulator by the end of June — a document that acts as a “passport” allowing them to operate anywhere in the bloc. Binance selected Greece as its European regulatory base earlier this year. In February, Binance co-CEO Richard Teng publicly noted that Greece’s workforce and safety environment outperformed other European financial hubs. Still, the Hellenic Capital Markets Commission (HCMC) declined to comment on Binance’s application, citing confidentiality rules. Binance says it has been collaborating with regulators for over 18 months, adding that it believe

June 17. Per OnchainLens monitoring, a newly created wallet address has received 20,000 ETH tokens worth $35.86 million from FalconX, and this address is likely associated with Bitmine. Address: 0xE9fCE031b15B3B8e2E357c8a7daDeBDA8C60B6C9

On June 17th, per OnchainLens monitoring, "BTC OG Insider Whale" Garret Jin sold all 184,102 HYPE at $73.58 each, converting the proceeds to $13.54 million in USDC and pocketing a $2.83 million profit. His address continues to hold a 5x long position in Bitcoin (BTC) with an unrealized $13.2 million loss, plus a 2x long Zcash (ZEC) position that carries an unrealized $3.29 million gain.