Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

An individual Bitcoin miner has successfully mined Bitcoin’s 957382nd block independently using a Bitaxe mining rig priced at under $200, earning a 3.125 BTC block reward valued at roughly $200,000 based on current prices. The rig has a hash rate of around 1 TH/s, accounting for only a tiny portion of the global Bitcoin network’s total hash rate. Mining pool Public Pool noted that this is an extremely low-probability independent mining success, demonstrating that low-cost mining hardware still has the potential to secure full block rewards. Data shows this marks the 12th Bitcoin block mined independently by individual miners since 2026. Over the past 12 months, 24 blocks have been mined independently by individual miners, a 41% year-on-year increase, with cumulative rewards totaling 75.4 BTC, worth approximately $4.7 million.

The Financial Times has cited sources familiar with the matter as saying that DeepSeek has begun approaching new investors and is considering launching a second round of financing. The company is targeting a pre-money valuation of around $71 billion. The plan is still in early discussions, and DeepSeek has not yet responded to requests for comment. DeepSeek completed its first round of financing at the end of May, raising approximately $7 billion, with a post-money valuation of around $52 billion. Founder Liang Wenfeng personally invested about $3 billion. Investors in the round include Tencent, CATL, JD.com, and NetEase, among others. The new funds will be used to build its own data centers, purchase AI chips, and expand its team. The company is ramping up efforts in AI Agents, leading to rising computing power demands.

Trader Max Crypto stated that Bitcoin’s two-month Stochastic RSI has historically confirmed market bottoms during the 2014, 2018, and 2022 bear markets, when the indicator saw a bullish crossover and retreated to 0. He predicts this pattern "will repeat in 2026." TradingView data shows Bitcoin’s two-month Stochastic RSI currently stands at 4.81, after falling into the oversold zone (below 30) in March this year—its lowest level in over three years. Separately, multiple analysts are continuing to track bullish signals from the traditional RSI indicator. Trader BitcoinHyper pointed out that Bitcoin’s daily RSI has formed a bullish divergence with the S&P 500 index; Trader Osemka noted that Bitcoin’s daily RSI dipped to 15 in early June, an extremely rare oversold level historically, matching the performance near previous bear market bottoms, though a deeper pullback before finalizing its bottom formation remains possible.

Investment bank KeyBanc released a new research report, raising the target prices of multiple AI chip-related companies. Specifically, it lifted Micron Technology (MU)’s target price from $1,600 to $1,750; sharply hiked Arm (ARM)’s target price from $300 to $430; and raised NVIDIA (NVDA)’s target price from $310 to $330.

According to Bit.com market data, the U.S. optical communication sector has seen a pre-market rebound, with MRVL up 2.56%, LITE rising 3.35%, Nokia gaining 1.28%, Corning increasing 4.01%, and AXTI climbing 4.54%.

South Korea's Ministry of Economy and Finance announced that it will continue advancing the development of blockchain and digital asset economy in the second half of 2026, with key priorities including promoting the legislation of the Digital Assets Basic Act, pushing forward a trial project for tokenized government bonds linked to institutional central bank digital currencies (CBDCs), and researching interoperability between CBDCs and other blockchain networks. Additionally, the South Korean government plans to establish a legal framework for cross-border stablecoin transactions, push for amendments to the Capital Markets Act to provide a legal basis for the launch of South Korea's first spot crypto ETFs, and explore using blockchain for the management and trading of carbon credits in the Global Voluntary Carbon Market (GVCM). Meanwhile, the South Korean government has positioned AI as a core direction for economic development in the second half of the year, designating physical AI, AI data centers, and semiconductors as three major "Mega Projects". It plans to invest around 800 trillion won to build a new semiconductor production base and double its storage chip production capacity over the next five years.