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The world's first "trillionaire" on the horizon? Elon Musk's personal stake in SpaceX is about 42%

2 hours ago

June 12: Elon Musk may become the first person in history to reach a $1 trillion net worth, as SpaceX is set to go public on the Nasdaq today. A May 20 S-1 registration statement filed with the SEC reveals Musk held a roughly 42% personal stake in SpaceX ahead of its IPO—an ownership share that will dilute to about 40.5% post-listing. Forbes currently estimates Musk’s net worth at $982.6 billion. In separate revisions to SpaceX’s registration filings last week, the company noted Musk’s total 6.4 billion share holding—including both Class A and Class B shares—will be locked up for 366 days, barring him from selling any of those shares during that period. Other SpaceX executives, however, can begin selling their holdings earlier under a phased unlocking arrangement.
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European Stock Indexes Extend Gains, Germany's DAX30 Index Up Over 2%

According to Bitget market data, European stock indices notched strong gains on June 12, with Germany’s DAX 30 Index, France’s CAC 40 Index, and the Euro Stoxx 50 Index all climbing over 2%.

8 minutes ago

Anthropic, OpenAI, and Google Executives to Attend G7 Summit Next Week

June 12 — According to Bloomberg, the élysée Palace has released an attendee list showing that several top artificial intelligence (AI) industry executives will participate in the upcoming Group of Seven (G7) summit in France. The annual gathering, which brings together leaders from the world’s major economies, will officially kick off next week. The executives set to attend include Sam Altman from OpenAI, Demis Hassabis from Google’s DeepMind, and Dario Amodei from Anthropic. All three companies have confirmed their representatives will be present at this year’s G7 summit. Click the original article link below to join the BlockBeats · Feishu AI News Channel, which continuously monitors global AI trends and news 24/7.

8 minutes ago

The final US-Iran talks will focus on nuclear and economic issues

June 12 – According to Iran’s Mehr News Agency, a memorandum of understanding (MOU) between Iran and the United States includes key U.S. commitments: lifting all sanctions, removing military forces stationed near Iran, and ending the naval blockade. Additional terms cover reopening the Strait of Hormuz, lifting sanctions on Iranian oil exports, and unfreezing Iran’s overseas frozen assets. Final U.S.-Iran negotiations will focus exclusively on nuclear and economic issues, with no discussions planned for Iran’s missile program. The draft agreement still requires final confirmation from relevant government departments on both sides.

8 minutes ago

NVIDIA Introduces Vera CPU to Chinese Customers: Single Chip Over $20,000, Initial Customers Plan Overseas Testing and Deployment

As reported by Reuters on June 12, three industry insiders have revealed that NVIDIA has launched a new central processor, codenamed Vera, for AI data centers to Chinese customers. Shipments are expected to begin as early as August, with orders currently open. NVIDIA is rolling out this new product rapidly to recapture its share in China, after shipments of its H200 chip to the region were blocked—a move that pushed NVIDIA’s Chinese market share to nearly zero. Insiders noted that some Chinese customers have expressed interest in this smart AI-specific CPU. A major Chinese cloud services firm plans to order more than 300 servers, each equipped with two Vera processors. The client intends to deploy the units first in overseas data centers for testing, and will place additional orders based on evaluation results. However, uncertainties remain over Vera’s widespread adoption, including challenges related to software ecosystem compatibility and the difficulty of migrating AI workloads to

8 minutes ago

Tether Freezes 72.03 Million USDT in One Address

June 12 — According to on-chain monitoring tool Whale Alert, 72,030,295 USDT held in a single crypto address have just been frozen by Tether.

8 minutes ago

Analyst: BTC Selling Pressure Rising Alongside Stablecoin Fund Outflows, Short-Term Liquidity Facing Constriction Risk

June 12th — CryptoQuant analyst Axel Adler notes that Bitcoin (BTC) is seeing continuous inflows to exchanges while stablecoin funds are being withdrawn, creating a dual weakening of market supply and demand. This is viewed as a major reason for BTC’s roughly 22% drop from its May high. On-chain data shows Bitcoin’s 30-day net exchange inflow indicator flipped from a net outflow state in early May to a clear net inflow, currently standing at around +114,000 BTC. Compared to levels of roughly -85,000 to -115,000 BTC in early May, the market has gradually shifted from an accumulation phase to a distribution phase. This indicator reached around +167,000 BTC in early June, indicating more and more holders are moving their Bitcoin to exchanges, thereby increasing potential selling pressure. Meanwhile, stablecoin liquidity — a metric that reflects the market’s buying power — is diminishing. Data shows the 30-day moving average net flow of stablecoins is currently around -$105 million, rema

8 minutes ago