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

June 7. Following the release of much stronger-than-expected U.S. non-farm payrolls data on June 5, market pricing has shifted sharply higher for a Federal Reserve interest rate hike this year. Spot gold prices have declined for four consecutive weeks, with Deutsche Bank lowering its gold price target to $4,800 per ounce. The U.S. Dollar Index (DXY) has climbed to just above the 100 level. Non-U.S. currencies have traded largely range-bound against the greenback, with the Japanese yen coming under significant pressure—the USD/JPY pair has repeatedly neared the 160 threshold, rekindling market focus on potential intervention from Japanese authorities. Looking ahead, key inflation data will drive next week’s trading: the June Consumer Price Index (CPI) and Producer Price Index (PPI) reports are set for release on Wednesday and Thursday respectively, and they rank among the most anticipated events on the global macro calendar. Forecasts call for year-over-year gains in both U.S. nominal

June 7 — According to Yonhap News Agency, South Korean retail investors offloaded over 1 trillion won in overseas stocks during the first week of June, extending a net selling streak that began in April. This figure far exceeds the $469 million worth of sales logged in April and is nearly on par with May’s full-month record of $940 million. Should the selling pressure persist through the end of the month, it will mark the first time South Korean retail investors have notched three consecutive months of net overseas stock sales since the April-July 2023 period. Notably, this sell-off unfolds against a backdrop where U.S. stocks have repeatedly hit new highs, stoking market expectations that retail funds may flow back into South Korea. Meanwhile, South Korea’s KOSPI index breached its all-time 8,000-point mark at the end of May, led by semiconductor shares. Local retail investors are locking in gains from their U.S. stock holdings at elevated levels and returning to the domestic marke

June 7th – The famed "Stock God" Serenity shared his take on how beginners should approach learning investing, laying out his systematic investment framework. Serenity noted his style is unique: he builds independent judgments using information the market hasn’t priced in yet, paired with years of life experience. "A lot of this is about connecting unstructured dots and testing if your hunch pans out. This skill isn’t something you can learn easily from courses—it’s more about building life smarts and applying that to the market," he explained. Serenity backed this approach with two key examples. The first: Raspberry Pi (RPI). While the majority of the market saw RPI as just an educational toy, he spotted the rise of OpenClaw, an open-source AI agent framework. Watching friends snap up Raspberry Pis and Mac Minis to run AI apps, plus a surge in AI tutorial videos online, he concluded AI would be RPI’s growth engine. He modeled ~55% revenue growth; the final financial report came in

Per DataOnAI Beat’s monitoring, OpenAI is gearing up for its most ambitious ChatGPT upgrade yet, while scouting for a new growth driver ahead of its planned initial public offering (IPO). The company intends to rework ChatGPT into a "super app"—integrating programming tools with AI capabilities—and roll out a suite of new products that several execs expect will boost revenue. More than a dozen current and former OpenAI employees note these changes are part of the company’s wider restructuring plan. OpenAI is shifting resources to focus on higher-margin enterprise clients, stepping up competition with rival Anthropic. This move is lifting the profile of OpenAI’s Codex programming tool and ramping up investment in it, reflecting a growing internal consensus: the future of AI isn’t chatbots that answer questions, but intelligent agents that complete tasks for users.

June 7 — Grayscale filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) on June 5 to launch a spot Bitcoin ETF for Canton Token CC.

June 7 – Market research firm Financelot noted that open-source vector index library TurboVec, unveiled last month, is disrupting the high-memory-demand market, with its impact already starting to surface. The Friday sell-off in memory stocks is being pinned on this development. Financelot has divested positions in Micron, SanDisk, Samsung, and SK Hynix, taking a bearish stance on the storage sector’s performance next week. However, community reactions push back on claims that TurboVec poses a major threat to the memory sector. They point out that every time a new memory optimization is rolled out, there are always naysayers declaring the entire semiconductor industry doomed. This past March, Google Research introduced the TurboQuant quantization algorithm, which independent developer Ryan Codrai turned into the open-source vector index library TurboVec in late May. The tool drastically cuts memory requirements for vector databases: for example, it compresses 10 million float32 vecto