NVIDIA Introduces Vera CPU to Chinese Customers: Single Chip Over $20,000, Initial Customers Plan Overseas Testing and Deployment
As reported by Reuters on June 12, three industry insiders have revealed that NVIDIA has launched a new central processor, codenamed Vera, for AI data centers to Chinese customers. Shipments are expected to begin as early as August, with orders currently open.
NVIDIA is rolling out this new product rapidly to recapture its share in China, after shipments of its H200 chip to the region were blocked—a move that pushed NVIDIA’s Chinese market share to nearly zero.
Insiders noted that some Chinese customers have expressed interest in this smart AI-specific CPU. A major Chinese cloud services firm plans to order more than 300 servers, each equipped with two Vera processors. The client intends to deploy the units first in overseas data centers for testing, and will place additional orders based on evaluation results. However, uncertainties remain over Vera’s widespread adoption, including challenges related to software ecosystem compatibility and the difficulty of migrating AI workloads to
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Analyst: BTC Selling Pressure Rising Alongside Stablecoin Fund Outflows, Short-Term Liquidity Facing Constriction Risk
June 12th — CryptoQuant analyst Axel Adler notes that Bitcoin (BTC) is seeing continuous inflows to exchanges while stablecoin funds are being withdrawn, creating a dual weakening of market supply and demand. This is viewed as a major reason for BTC’s roughly 22% drop from its May high.
On-chain data shows Bitcoin’s 30-day net exchange inflow indicator flipped from a net outflow state in early May to a clear net inflow, currently standing at around +114,000 BTC. Compared to levels of roughly -85,000 to -115,000 BTC in early May, the market has gradually shifted from an accumulation phase to a distribution phase. This indicator reached around +167,000 BTC in early June, indicating more and more holders are moving their Bitcoin to exchanges, thereby increasing potential selling pressure.
Meanwhile, stablecoin liquidity — a metric that reflects the market’s buying power — is diminishing. Data shows the 30-day moving average net flow of stablecoins is currently around -$105 million, rema
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SpaceX IPO Approaching: Contract Trading Frenzy Surges, Open Interest Soars
June 12: According to Bitget market data, SPCX contracts (linked to SpaceX’s upcoming Nasdaq debut) logged a 24-hour trading volume of $630 million, marking a 63.88% surge from the prior period.
Breakdown of SPCX contract activity across key platforms:
- Binance: $305 million in 24-hour perpetual contract volume, with open interest rising 37.29%
- Hyperliquid ecosystem platform trade.xyz: $140 million in 24-hour trading volume, open interest up 56.6%
- OKX: $111 million in 24-hour SPCX perpetual contract volume, open interest increasing 30.79%
- Bitget: $43.36 million in 24-hour SPCX perpetual contract volume, open interest jumping 122.02%
Additionally, Coinglass data shows total open interest for all SPCX contracts across platforms grew 47.26% in the last 24 hours, reaching $506 million.
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Musk to Retain Absolute Control of SpaceX, Holding 82.4% Voting Power Post-IPO
June 12 — Even though Elon Musk sold part of his SpaceX stake through the company’s initial public offering (IPO), he hasn’t given up control of the space firm. Per SpaceX’s prospectus, post-IPO, Musk will hold 82.4% of total voting power, retaining absolute authority over the company’s major decisions.
SpaceX uses a dual-class stock structure: Class B shares come with 10 votes each, while Class A shares only have one vote apiece. Musk will keep the vast majority of these super-voting Class B shares after going public, letting him hold overwhelming control over board elections, mergers and acquisitions (M&A), and other key corporate calls. Unlike many tech companies where control usually becomes more dispersed after an IPO, SpaceX will stay a public entity firmly controlled by Musk.
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SpaceX IPO Could Create 400 Millionaire Employees
June 12, via Fortune: SpaceX is on track to close the largest IPO in history, a milestone poised to generate an unprecedented wealth effect—benefiting not only its billionaire founder but also thousands of employees and investors.
The biggest gains will flow to top executives and early insiders. SpaceX COO Gwynne Shotwell and CFO Bret Johnsen each hold stakes expected to be worth more than $1 billion. For Antonio Gracias, a SpaceX director and founder of Valor Equity Partners, his shares could eventually be valued at around $65 billion. Another director, Luke Nosek, stands to hold roughly $5 billion in SpaceX stock.
Wealth creation isn’t limited to the executive level, though. According to analysis from Hill, a San Francisco-based investment platform, approximately 400 current and former SpaceX employees hold shares worth over $100 million each. That means SpaceX’s IPO won’t just create a new generation of tech billionaires—it’s also on track to be one of the largest employee wealth-
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