JPMorgan Chase Enters Prediction Market Business, Will Offer S&P 500 Event Contracts

June 20: CryptoQuant founder Ki Young Ju posted on social media, noting that the "Bitcoin-to-altcoin asset rotation" trend—an engine that powered the previous altcoin season—has mostly vanished. Since 2021, trading volume for altcoins paired with Bitcoin has dropped sharply. Ju believes the era when "altcoins rally alongside Bitcoin’s upward momentum" may have come to an end.

June 20th: On-chain analytics firm ChainInfo reported that since the start of this month—when Ethereum (ETH) dropped below $1,700—an address linked to Wang Chun, co-founder of crypto mining pool F2Pool (who operates online under the handle @satofishi), has withdrawn roughly 54,500 ETH from Binance over about two weeks, worth approximately $93.25 million. Shortly after the withdrawal, the same address staked around 37,400 ETH, valued at an estimated $63.88 million.

June 20th: Semiconductor and AI research firm SemiAnalysis released a report noting that investors are increasingly framing AI networking as a binary choice between copper and optical interconnects, shifting positions between the two subsectors as they assess opportunities. The firm argues, however, that as GPU clusters grow larger and more widespread, the need for efficient connectivity across these systems will only intensify—driving overall demand for networking infrastructure across the board. Copper and optical communications fill distinct, complementary roles. Copper remains the preferred solution when it meets requirements for distance, power consumption, cost, and reliability. But when bandwidth and distance surpass copper’s technical limits, optical communication becomes necessary. NVIDIA’s approach has long been consistent: use copper whenever feasible, and only rely on optical communication when absolutely needed. This isn’t an either-or market. Growth in optical interconn

WASHINGTON, D.C. (June 20) – During an interview with Axios, U.S. President Donald Trump pushed back on suggestions his presidential term is drawing to a close, asserting he still has two and a half years left in office. Rejecting the prevailing view that a president’s party typically loses control of the House during their second-term midterms, Trump dismissed that narrative as rooted in "fake polls." He claimed his approval numbers are solid, boasting a 25-point lead over any potential opponent. The president noted he has "very significant, very influential" goals to accomplish in the next two and a half years, including addressing what he sees as negative shortcomings and building on existing achievements. Additionally, Trump announced he is constructing what he called "one of the world’s greatest banquet halls and safety nets" — a facility outfitted with bulletproof glass, a drone-defended roof, and a rooftop helicopter pad. He stated no Senate approval is required for the proje

June 20: Blockchain analyst Ai (@ai_9684xtpa) reported that addresses linked to F2Pool co-founder Wang Chun have been steadily accumulating Ethereum (ETH) and Wrapped Bitcoin (WBTC) over the past 15 hours, pushing the total value of these holdings to roughly $33.41 million. Specifically, the address in question acquired 11,448.4 ETH worth approximately $19.35 million, at an average purchase price of around $1,690 per ETH. It also purchased 224.66 WBTC valued at about $14.05 million, with an average cost of roughly $62,554.14 per WBTC.

In an interview with Axios on June 20, U.S. President Donald Trump said artificial intelligence (AI) could act as a weapon if misused, but when deployed properly, it would be a major game-changer—potentially exceeding the scale of the internet. He noted AI could help humanity develop cures for certain diseases 25 years earlier than would otherwise be possible, though he stressed that careful caution is required. When asked whether he viewed Anthropic and its CEO Dario Amodei as a national security threat, Trump replied, "Not anymore, but maybe a week ago." He added that he had just met with Amodei, who gave a speech at the G7 summit and had promptly responded to government requests. Trump stated that Anthropic has acted very responsibly so far. On the topic of whether the U.S. might shut down or take over Anthropic, Trump said he was hesitant to do so, citing that the U.S. is significantly ahead of China in the AI space. He proposed that AI companies build their own power plants, giv