Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

June 10 — International gold prices extended their decline through European trading on the same day, after a slump during the early Asian session earlier that day. The metal briefly dropped below the $4,200-per-ounce level, wiping out all gains for the year. As of 5:15 p.m. Beijing time, COMEX August gold futures stood at $4,188.70 per ounce, down 2.28%, marking a 3.51% year-to-date drop. Analysts attributed the sharp pullback to last Friday’s better-than-expected U.S. non-farm payroll data, which signals sustained underlying strength in America’s labor market. Amid inflation risks stemming from the Middle East conflict, markets are now leaning heavily toward bets that the Federal Reserve will raise interest rates in the second half of the year. According to CME Group’s FedWatch Tool, the market is pricing in a nearly 70% probability of at least a 25-basis-point rate hike by year-end. Rate increases reduce the appeal of non-interest-bearing assets like gold, further pressuring prices,

Quick Crypto Update: On June 10, as Bitcoin briefly dipped below $61,000, prediction platform Polymarket saw a sharp shift in Bitcoin’s June price forecast probabilities. The likelihood of Bitcoin falling to $55,000 by the end of June surged to 36% that day, up from just 4% on June 2. Separately, Polymarket puts a 16% chance on Bitcoin dropping to $50,000 this month, while the probability of Bitcoin rising to $65,000 in June stands at 57%.

June 10: Onchain Lens monitoring shows that amid the market downturn, the trader known as "Big Brother Whale" Huang Licheng’s 25x-leveraged ETH long position has faced partial liquidation once again. He has also closed the majority of his position, resulting in an approximate $35 million loss.

On June 10, per data from CME’s FedWatch Tool, the probability of the U.S. Federal Reserve raising interest rates at least once this year stands at 68.8% ahead of tonight’s May consumer price index (CPI) release by the U.S. Bureau of Labor Statistics (BLS). The breakdown of projected rate hike probabilities is as follows: 43.1% for a cumulative 25-basis-point increase, 21.2% for 50 basis points, 4.2% for 75 basis points, and 0.3% for a 100-basis-point hike. The BLS is scheduled to unveil May CPI figures at 20:30 ET tonight. Market consensus forecasts May CPI will rise 0.5% month-over-month (MoM) and 4.2% year-over-year (YoY). Should this expectation hold, it would mark the first time U.S. CPI has returned above the 4% threshold since May 2023, hitting its highest level since April of that year. For core CPI, the market projects a 0.3% MoM increase and a 2.9% YoY growth rate in May.

June 10: According to a report in *The Wall Street Journal*, the U.S. Commodity Futures Trading Commission (CFTC) plans to propose a new set of rules to regulate prediction markets. The proposed rules would keep most sports-related prediction markets operational while aiming to prevent large-scale market manipulation.

June 10: Bitget data shows that ahead of the U.S. stock market open, stocks in the "Huang Renxun's Strict Selection Stocks" basket were mostly lower, with declines including: Intel (INTC) down 3.33%; Nebius (NBIS) down 3.23%; Nokia (NOK) down 2.99%; Marvell (MRVL) down 2.95%; CoreWeave (CRWV) down 2.88%; IREN (IREN) down 2.87%; Coherent (COHR) down 2.38%; and Corning (GLW) down 2.25%.