Viewpoint: The largest-ever labor force transformation in modern history has begun, with approximately 24% of global jobs impacted by Generative AI

May 30 – Peter Berezin, Chief Global Strategist at BCA Research, analyzed that the current AI bubble is primarily a profit bubble rather than a traditional valuation bubble. Unlike many past stock market bubbles defined by sharp spikes in price-to-earnings (PE) ratios, AI-related sectors – especially the semiconductor sector – boast relatively reasonable valuations right now. The catch? Profit expectations are overly optimistic and unsustainable. Berezin highlighted a historical parallel: ahead of the 2008 financial crisis, real estate and banking sectors appeared to have low PEs but rested on unsustainable profit surges. Once profits failed to materialize, those bubbles burst. He noted semiconductor sales are growing parabolically, and current AI demand indicators do not point to an imminent bubble collapse – though he emphasized all bubbles ultimately end. Most notably, Berezin urged investors not to overrely on Wall Street analysts’ profit forecasts. In past cycles, stock prices h

On May 30, Blockaid monitoring detected an attack on the Alephium TokenBridge Ethereum cross-chain bridge. The attacker took control of 3 out of 4 Guardian keys, forged a VAA (Verification Authorization Message), and executed the attack in about 7 minutes, siphoning approximately $815,000 in assets. The attacker minted 13.76 million wrapped ALPH tokens out of thin air, an amount surpassing 100% of the circulating supply before the attack, while unlocking and transferring out assets including USDT, USDC, WBTC, and WETH from the custody pool. Currently, the attacker’s address still holds roughly $815,000 in stolen assets plus 13.76 million uncollateralized wrapped ALPH tokens.

May 30 — Self-proclaimed "Stock God" Serenity, a high-profile senior trader on Reddit’s WallStreetBets (WSB) forum, published an analysis piece breaking down the latest Foxconn shareholders meeting news and strongly recommended Foxconn’s subsidiary, ChipTech Holdings. Per the meeting, Foxconn’s Co-Packaged Optics (CPO) switches are confirmed to start shipping in Q3, with a target of 10,000 units shipped in 2026. The company aims to become a global leader in the CPO space and projects explosive growth next year. Serenity specifically noted that ChipTech Holdings is Foxconn’s division responsible for advanced optical operations, adding that these order volumes haven’t been fully reflected in Foxconn’s financial reports yet but are likely to show up in the second half of the year. He frames this positioning as ahead of the next AI hardware super cycle, calling it the next big opportunity in the AI sector. BlockBeats Note: Serenity is a highly influential WSB trader, with a cumulative in

May 30 — OpenAI has held discussions with Citigroup, JPMorgan Chase, and other firms about joining its upcoming initial public offering (IPO), according to sources familiar with the plans. Citigroup and JPMorgan could team up with Goldman Sachs and Morgan Stanley to underwrite the listing, though negotiations with the two banks do not guarantee their final participation, and additional investment banks may still sign on. This comes after a May 21 report that OpenAI planned to confidentially submit its IPO application to U.S. regulators soon, with Goldman Sachs and Morgan Stanley assisting in drafting the offering prospectus. While some sources have suggested OpenAI aims to go public as early as September, the timeline remains fluid and subject to change due to ongoing uncertainties.

**May 30** — U.S. Secretary of Defense Lloyd Austin stated that President Donald Trump will not sign any agreement unless it is favorable to the United States. Austin noted that progress has been made in negotiations with Iran, adding that Trump aims to prevent Tehran from acquiring nuclear weapons. “Our objectives toward Iran remain unchanged,” he emphasized. According to monitoring by PolyBeats via its Telegram bot (t.me/PolyBeats_Bot), prediction market Polymarket puts the probability of a "U.S.-Iran Permanent Peace Agreement" being finalized by May 31 at 3%, with that likelihood rising to 33% by June 30.

On May 30, Rand, founder of Zama Protocol, released a new statement regarding the recent freezing of the cUSDC contract. The root cause of the incident has been pinpointed: it is entirely unrelated to Zama or its privacy technology. Instead, the issue stemmed from approximately $12.5 million in USDC deposited by a hacker address linked to Overnight Finance. At the time, this address was not flagged on any sanctions lists and was not detected by KYT (Know Your Transaction) tools. Last night, a U.S. court issued a restraining order to freeze the wallet associated with the hacker. Since over 99% of the funds in the contract originated from this illicit source, the court directly ordered the entire wrapper contract frozen to seize the illegal funds. Zama emphasized that it has always upheld a "compliance with confidentiality" stance and will not tolerate any illegal activities. Currently, the project is in communication with all relevant parties to expedite the unfreezing process. Meanwh