Musk Deletes Tweet About 'Trump Appears in Epstein Files'
On June 7th, Musk deleted his tweet that was related to "Trump appearing in Epstein's files."
Previously, Musk tweeted, "The big short is approaching:
Trump is present in Epstein's file. This is the genuine reason why these files have not been made public. Have a great day, DJT!"
BlockBeats Note: Epstein was accused of sex trafficking and sexually abusing minors. He was alleged to have operated a sex trafficking network involving celebrities, billionaires, and politicians. He "committed suicide" in prison in 2019, and the cause of his death remains controversial, giving rise to a large number of conspiracy theories.
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Next Week's Macro Outlook: Will CPI "Ignite" the Market and Shatter Rate Cut Hopes?
On June 7th, the following is the schedule for the release of key macroeconomic data next week:
On Monday at 22:00, the US April Wholesale Sales Month-on-Month;
On Monday at 23:00, the US May New York Fed 1-Year Inflation Expectation;
On Wednesday at 20:30, the US May CPI Data;
On Wednesday at 22:30, the US EIA Crude Oil Inventories as of June 6th, Cushing Crude Oil Inventories, and Strategic Petroleum Reserve Inventories;
On Thursday at 20:30, the US Initial Jobless Claims as of June 7th, the US May PPI;
On Friday at 22:00, the US June 1-Year Inflation Rate Expectation Preliminary Value, the US June University of Michigan Consumer Sentiment Index Preliminary Value.
The US May CPI report to be released next Wednesday will test the market's optimism about interest rate cuts as it may show a halt to the recent downward trend in inflation. According to the forecast of the Cleveland Fed's Nowcast model, the overall CPI in May is expected to grow by 2.4% year-on-year, which is higher than
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BiyaPay Analyst: Musk's Fallout with Trump Triggers Market Turbulence, Tesla's Market Cap Plunges by $150 Billion
June 7th. Musk's relationship with the US President Trump has deteriorated entirely. The two have recently engaged in a war of words on social media. Musk stated, "If it weren't for himself, Trump would never have become president." In response, Trump said that Musk "has gone mad."
The catalyst for this conflict was Musk's public opposition to the Trump administration's proposed "Big and Beautiful Act." He stated that the act would increase the fiscal deficit, especially by reducing the tax credit for electric vehicles, which would be very harmful to Tesla. As their relationship became public, Tesla's stock price became the biggest victim in the market. Investors sold off stocks in large numbers due to concerns about Tesla's future prospects.
On June 5th, Tesla's stock price plummeted by more than 17% during the day and finally closed down by more than 14%, resulting in a market capitalization loss of more than $150 billion. This event attracted the attention of BiyaPay users. They p
2 minutes ago
Polyhedra CTO: ZKML Technology to Play Key Role in Verifying AI Service Quality, Ensuring AI Agent Security
On June 7th, at the "2025 Web3 x AI Innovation Forum" jointly organized by the Tsinghua University Student Blockchain Association and Polyhedra, Hu Yuncong, an assistant professor at Shanghai Jiao Tong University and a co-founder of Polyhedra, delivered a keynote speech titled "Reshaping the Trust Boundary: A New Paradigm of Trustworthy Outsourced Computation Based on ZK". Xie Tiancheng, a Ph.D. from the University of California, Berkeley and a co-founder & CTO of Polyhedra, gave a keynote speech on "AI+Web3: Prospects and Future of ZKML".
During the event, Xie Tiancheng mentioned: "The comparison between verifying liquidity and computational complexity is as different as night and day. Specifically, in the application of AI models, the primary value of ZKML (Zero-Knowledge Machine Learning) lies in verifying service quality. For instance, in a trading bot, users can verify the quality of the bot's operation using ZKML."
Furthermore, as AI Agents multiply and their sensitive permissi
2 minutes ago
The current mainstream CEX, DEX funding rate display indicates that the market is still in a bearish trend.
On June 7th, according to Coinglass data, the current funding rates of mainstream CEX and DEX suggest that the market remains in a bearish state. The funding rates for specific mainstream coins are presented in the attached image.
BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and serves as a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. Its purpose is to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price.
When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.
2 minutes ago
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