OKX Star Questions CZ's 'Hyperliquid Non-compliance' Remarks
June 17. OKX Founder and CEO Star took to social media to respond to CZ’s recent interview remarks, where CZ noted Hyperliquid’s innovations are impressive but he would never follow its business model due to compliance issues.
Star’s statement read: “CZ is fully aware of the legal and regulatory risks involved, yet he still created a shell company to replicate Hyperliquid’s business model, personally promoted it, and allocated significant shared resources. Perhaps forming such an independent shell entity is their solution to compliance. But if the core business model, resources, personnel, and incentive mechanisms are essentially identical—what, then, is the real difference between the two?”
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AI “Bottleneck Trade” Nearing End, Early SpaceX Investor Says Market Focus Will Shift to Long-Term Value
June 17 — The red-hot trade around the AI supply chain shortage could be wrapping up, as some investors are moving on from chasing the next bottleneck to zeroing in on companies that will hold long-term value once the AI infrastructure cycle fades.
Gavin Baker, managing partner at Altreides Management and an early SpaceX investor, told TBPN in an interview that for the past year, the market has been obsessed with chasing "bottleneck assets" tied to AI development — from DRAM and storage chips to critical material suppliers. But he argues these so-called "AI bottleneck trades" are winding down.
Baker noted that Japan’s Ajinomoto has refused to raise prices on a key chip packaging insulation material — a component used to connect processors and chips in the packaging layer that previously drew investor focus as AI chip demand surged. This move signals that pricing power for some supply chain bottlenecks may be starting to ease.
He added that the market’s priority up to now has been hu
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The Republican Party Pro-Crypto Candidate Wins Alabama Senate Primary
June 17 — U.S. crypto journalist Eleanor Terrett reports that U.S. Congressman Barry Moore, who earned Donald Trump’s endorsement and backing from the cryptocurrency industry, has claimed victory in the Republican primary runoff for Alabama’s U.S. Senate seat, beating opponent Jared Hudson. Pro-crypto political action committee Fairshake contributed over $12 million to this election. After Moore’s win, Fairshake released a statement noting its “largest investment in this election cycle once again helped an innovation-supporting candidate secure a Senate seat.” The group also added it currently holds nearly $150 million in cash reserves and plans to build “the largest pro-crypto congressional group in history.”
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Bitget has added 10 new stock contracts, including Corning, Rockwell Automation, and SMH, with leverage of up to 20x.
Per an official statement issued on June 17, Bitget has launched five new targets for its stock contracts: FLNC (Fluence Energy), CGNX (Cognex), SMH (VanEck Semiconductor ETF), ROK (Rockwell Automation), and ISRG (Intuitive Surgical). The expanded offerings cover prominent sectors including energy storage, industrial automation, semiconductors, and medical technology. These contracts support leverage of up to 20x. For additional details, please check Bitget’s official platform.
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Oil Price Plunges Over 10% on the 5th Day, Historical Data Suggests Strong Potential for US Stocks
June 17: Data from SentimenTrader shows that crude oil has fallen 10.31% cumulatively over the past five trading days, while the long-term U.S. Treasury bond ETF (TLT) has gained 1.30% in the same period.
Historical records since 2008 indicate that when the market sees a similar mix—sharp declines in oil prices paired with rising long-term U.S. Treasuries—the S&P 500 index has an 85% probability of rising over the subsequent 12 months, with a median one-year gain of roughly 17.04%. This market dynamic typically signals rapidly easing inflationary pressure and more accommodative financial conditions.
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An individual World Cup predictor with a daily win rate of 100% has made a profit of $9.24 million.
June 17 — Per LookOnChain data, a World Cup betting trader raked in approximately $9.24 million in profits in a single day, going 4-for-4 on all their wagers for a perfect 100% win rate.
Notably, in the Iran vs. New Zealand match, the trader placed a $7.03 million bet on Iran not taking the win. The game’s final result confirmed their call, and this one wager alone generated around $7.34 million in profit — the primary source of their daily earnings.
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