The popular AI framework Virtuals Protocol will host an in-person meet-up in Hong Kong on Friday, January 17.

Per monitoring by Beating Insight, independent AI research firm SemiAnalysis reports that Chinese AI startup DeepSeek is moving away from its light-asset compute leasing model to a heavy-asset strategy of building its own infrastructure. Key proof of this transition is a June 9 job posting for an IDC Design Planning Engineer, whose role centers on designing and delivering data center infrastructure ranging from megawatt (MW) to gigawatt (GW) scale. This announcement comes on the heels of DeepSeek’s April recruitment of data center operations engineers in Ulanqab, Inner Mongolia, China—marking the company’s first public signal of plans to develop its own compute capacity. Based in Hangzhou, the job requires candidates to have a foundation in electrical and HVAC engineering. Core responsibilities include end-to-end data center campus planning, power and cooling system design, evaluating emerging technologies like liquid cooling and modularization, and coordinating with design firms and

On June 11, Solana-based decentralized finance (DeFi) protocol Raydium officially confirmed that its legacy Automated Market Maker (AMM) V3 pools—deprecated in 2021—were subject to an unauthorized liquidity removal attack. The breach impacted five liquidity pools: Sollet USDT-RAY, Sollet ETH-RAY, SRM-RAY, USDC-RAY, and RAY-SOL. Total losses from the incident amount to roughly $1.34 million, including approximately 150,000 RAY, 5,603 SOL, and 893,700 USDC. Current users are not affected by this event. The attacker’s wallet address has been blacklisted, and Raydium’s treasury will cover full compensation for all those impacted.

Crypto Update: June 11 — Data from Arkham shows the address linked to U.S. government-seized funds from the FTX/Alameda bankruptcy case has made two recent transactions. Just four minutes ago, this address transferred roughly 3,332 AAVE tokens, worth approximately $208,000. Earlier today, the same address sent out 98,589.87 LINK tokens valued at around $769,000, which have now been deposited into Coinbase Prime.

June 11 – The so-called CLARITY Act, formally named the Cryptocurrency Market Structure Act, is hitting two major roadblocks as it advances through the U.S. Senate. On Tuesday, a closed-door meeting between a bipartisan group of senators and Patrick Witt, director of the White House Cryptocurrency Task Force, ended in a stalemate. Senate Republicans and the White House walked back a preliminary ethics deal reached before the May Banking Committee hearing, scrapping a provision that would have allowed state attorneys general (AGs) to sue the Department of Justice (DOJ) for failing to enforce crypto-related rules. Legal experts noted forcing the DOJ to act via that mechanism would be constitutionally questionable. In turn, GOP lawmakers proposed limiting enforcement authority to federal AGs and using impeachment as an alternative accountability tool. Senate Democrats called this a complete reversal, leaving negotiations deadlocked; further talks are set for Thursday. Democratic Sens.

**June 11** At a White House press conference on Tuesday, former President Donald Trump addressed the U.S.’s economic and international oil-related developments against the backdrop of record-high Consumer Price Index (CPI) data dating back to April 2023. Trump said he is “not worried, but instead in love with inflation,” framing the recent price rise as a proactive, manageable economic outcome rather than a sign of overheating. Seated at his desk and using hand gestures to explain his points in a relaxed tone, Trump also claimed that as an ongoing war nears its end, the U.S. is set to secure a substantial volume of oil resources from Iran—a move he argues will help curb future energy prices. He further alleged that the U.S. successfully shipped oil from 22 vessels in a single night without operating lights or radar, noting: “Nobody knew, including Iran until now.”

June 11: Per data from Bitget Markets, all bearish option positions held by Situational Awareness LP—the fund managed by 25-year-old Wall Street AI stock prodigy Leopold Aschenbrenner—saw losses across the board. The declining assets include: VanEck Semiconductor Industry ETF (SMH) down 2.46%, NVIDIA (NVDA) down 2.42%, Oracle (ORCL) down 0.32%, Broadcom (AVGO) down 4.6%, AMD down 4.08%, Micron (MU) down 3.74%, Taiwan Semiconductor Manufacturing Co. (TSMC) down 3.2%, ASML down 1.43%, and Intel (INTC) down 1.76%. BlockBeats previously reported that Situational Awareness LP’s Q1 13-F filing with the Securities and Exchange Commission (SEC) showed a significant increase in downside protection or bearish bets on AI and semiconductor-related assets, especially NVIDIA, VanEck Semiconductor ETF, Broadcom, AMD, TSMC, ASML, and Micron. The fund’s Q1 bearish options were valued at roughly $8.459 billion, accounting for about 61.9% of its total Q1 13F disclosed holdings. For comparison, its Q4 20