Gate.io Launches INIT Perpetual Contract Pre-trading

June 16 — In the latest episode of the BG2 tech investment podcast, Altimeter Capital CEO and co-founder Brad Gerstner joined Andrew Fox (Atreides Management analyst, known by the nickname Foxy) to discuss the economics of space-deployed AI computing, framing the concept as long-term option value for SpaceX’s valuation. BG2 is a prominent Silicon Valley tech-focused investment podcast hosted by Gerstner and former Benchmark general partner Bill Gurley. According to Fox’s analysis, each Starship launch could deliver roughly 5 terawatts of computing capacity. Extrapolating, the capital expenditure to deploy the necessary hardware in space would come to around $5 billion per gigawatt. Fox contrasted that figure with ground-based data centers, noting non-GPU infrastructure costs for on-the-ground facilities (including switching gear, generators, transformers, buildings, power acquisition and cooling systems) run $20–25 billion per gigawatt. That means if orbital computing becomes a reali

**June 16 Industry Update: NVIDIA Expands Supply Lock Strategy to CW Lasers** Serenity’s June 16 report notes NVIDIA has fully secured all available EML production capacity, triggering an industry-wide supply bottleneck. The chipmaker is now deploying the same strategy to lock up continuous-wave (CW) laser capacity—primarily through partnerships with LITE and COHR, plus potential long-term supply agreements with MRVL and Celestial. Meanwhile, AMD is urgently racing to source CW laser supplies, but AMD, Amazon (AMZN), Meta (META), and other hyperscalers reacted too slowly, leaving them facing severe supply constraints. Per Serenity’s supply chain analysis: Top players like Lumentum and Coherent are already tied to EML contracts, leaving very few independent merchant suppliers (including AAOI, MTSI, and SIVE). This has intensified competition for limited remaining resources, positioning independent CW laser-focused firms AAOI and SIVE as key beneficiaries.

On June 16, according to Hyperinsight’s monitoring, trading volume linked to SPCX (SpaceX) in the cryptocurrency market exceeded $5.4 billion over the past 24 hours. For comparison, SpaceX’s trading volume on Nasdaq stood at $46.9 billion, meaning SPCX accounted for 10.3% of that total. By platform, Binance ranked first, contributing approximately $3.2 billion in trading volume; Trade.xyz followed with around $1.1 billion. Over the same 24-hour period, Trade.xyz’s total trading volume hit $3.2 billion, with a position size of $2.93 billion—accounting for 36.8% of Hyperliquid platform’s overall trading volume. Note: Crypto market transactions are mainly contract-based. When calculated without leverage, actual trading volume may decline. However, compared to SpaceX’s US stock trading on Nasdaq, SPCX remains the most prominent asset in the cryptocurrency market.

June 16: The U.S. Federal Bureau of Investigation (FBI) issued a seizure notice listing multiple assets seized by federal authorities and now subject to federal forfeiture. Individual valuations of these assets have been calculated, with total related cryptocurrency holdings reaching roughly $1.9 million—about $1.7 million of which is Tether (USDT). Additional seized assets include Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Ripple (XRP), and other digital currencies, tied to platforms or accounts like Tether, Coinbase, and Binance. The assets were seized over alleged violations of federal law; any ownership claims, requests for relief, or objections must be filed following the notice’s specified procedures.

June 16 – Per data from prediction market platform Predict.fun, the 2026 FIFA World Cup group stage match grouping the U.S., Canada, Mexico, and France will kick off at 3:00 a.m. Beijing Time on June 17, concurrent with a France vs. Senegal showdown. In the latest market odds, the French squad, packed with top talent like Mbappé and Dembélé, carries a 67% win probability.