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

June 11: OnchainLens has flagged a newly minted crypto wallet address that deposited $3 million in USDC into derivatives exchange Hyperliquid, where it’s been actively rotating between long and short positions. Currently, the address holds a 20x leveraged long position of 36,097 ETH, with the position valued at roughly $58.49 million and carrying an unrealized loss of approximately $380,000. Prior to this, the whale completed two trades—first going long, then flipping to short—netting a total profit of around $1.7 million.

June 11 (via CCTV): U.S. Central Command announced local time June 10 that Iran’s Islamic Revolutionary Guard Corps (IRGC) has refuted claims it closed the Strait of Hormuz. Commercial ships were still transiting the strategic waterway as of that same evening. Meanwhile, the IRGC’s Navy announced local time June 11 that it is shutting down the Strait of Hormuz indefinitely, citing repeated violations of a ceasefire agreement by the United States.

On June 11, Canadian national Trenton Johnston pleaded guilty in a federal court in Florida, U.S., to his role in a money laundering conspiracy tied to roughly $13 million in proceeds from cryptocurrency scams, The New York Times reported. Prosecutors’ court documents detail that over two years, Johnston posed as representatives of Google and crypto firms, tricked victims into surrendering access to their accounts, and worked with accomplices to move and hide the illegal funds for lavish purchases: high-end cars, jewelry, nightclub tabs, and private jet trips. In March 2024, he was pulled over in Miami for speeding in a Rolls-Royce; the car reportedly smelled of marijuana and other illegal drugs, sparking an investigation that uncovered his long-running involvement in crypto scams. The case also revealed he used social engineering to swindle a California resident out of roughly 185 bitcoins—valued at around $13 million. Federal Bureau of Investigation data shows crypto-related

Per market data from Bitget, Oracle Corp. closed down 1.1% during regular trading on June 11, with shares falling an even sharper 11.8% in after-hours trading. Investors reacted sharply to the company’s continued massive investment in AI infrastructure and its newly announced additional financing plan. The key headwinds driving the selloff include: massive capital expenditures tied to AI that have pushed free cash flow into deep negative territory; Oracle’s plan to raise roughly $20 billion to fund data center expansions and AI-related growth; and market concerns over whether the firm’s heavy spending will translate to sufficient revenue, plus growing short-term profit pressure. This marks Oracle’s latest example of the "sell-the-fact" market pattern, where prior announcements of large-scale AI spending have triggered notable price pullbacks multiple times in the recent past. The company’s long-term outlook remains dependent on accelerated growth of its cloud business—especially its

On June 11, Oracle (ORCL) reported fourth-quarter fiscal 2026 revenue of $19.2 billion, beating analysts’ consensus estimate of $19.095 billion. The quarter’s cloud revenue hit $9.9 billion. The company projects fiscal 2027 first-quarter total revenue will grow 27% to 29% year-over-year, while full-year fiscal 2027 cloud revenue is expected to rise 57% to 63%. Oracle is targeting $900 billion in fiscal 2027 revenue and plans to raise roughly $40 billion via a mix of debt and equity financing. The company’s CEO noted that its Abilene, Texas, data center is 42% complete in total capacity, with an additional 35% of capacity set to come online in the next 90 days. During fiscal 2026’s fourth quarter, Oracle signed $67 billion in AI infrastructure contracts, most of which included hardware components or upfront payments. In related developments, OpenAI announced an expanded collaboration with Oracle to make OpenAI’s cutting-edge models and Codex tool more accessible to Oracle Cloud Infras

June 11 — Axios is reporting that had President Trump accepted the terms his team negotiated last month, he likely would have locked in a preliminary agreement with Iran by the end of May. But after a May 29 White House Situation Room meeting, Trump decided to add two extra modification requests for Tehran: Iran must begin diluting its stockpile of enriched uranium within 60 days, and Tehran will waive all tolls on ships transiting the Strait of Hormuz. In exchange, Trump agreed to allow the uranium dilution to happen inside Iran, under the supervision of the International Atomic Energy Agency (IAEA). Sources and U.S. officials say Iranian Foreign Minister Abbas Araghchi told both mediators and the U.S. he needed four to five days to consult his government before responding — a timeline that stretched into nearly two weeks of waiting. During that period, Trump grew increasingly frustrated as media outlets carried mocking reports about the delayed delivery of his promised Iran deal. Mea