OneLiners
Nvidia CEO Visits Seoul to Coordinate AI Supply Chain
On June 4, Nvidia CEO Jensen Huang arrived in Seoul for meetings with partners in sovereign AI infrastructure, robotics, and gaming. He stated that the purpose of the visit is to synchronize the supply chain ahead of a "very busy" second half of the year, amid the growth of Grace Blackwell systems and the full-scale production of Vera Rubin.Spot Bitcoin ETFs Break 13-Day Outflow Streak
On June 4, spot Bitcoin ETFs recorded a net inflow of $3.04 million, ending a 13-day streak of outflows. Simultaneously, Ethereum funds attracted $19.3 million following 17 days of negative trends.Deribit Warns of Bitcoin Sell-Off Risk Below $60,000
A drop in Bitcoin below $60,000 could intensify selling due to mechanical sales and liquidations, according to Deribit. Analyst Jean-David Pequinot noted that some institutional buyers entered the market in the $60,000–$67,000 range and are now nearing breakeven. More than $1.2 billion in open interest is concentrated in put options at the $60,000 strike, which could prompt market makers to engage in hedging sales of spot or futures.US Proposes Restricting Prediction Markets for Congress Members
Bryan Steil, Chairman of the House Administration Committee, stated that the insider trading bill H.R. 7008 should include provisions regarding prediction markets like Polymarket and Kalshi. The updated rules propose a complete ban on the use of such platforms by Congress members, their spouses, and children, and also include fines of $2000 or 10% of the transaction amount with the confiscation of realized profits.We use cookies to improve the quality of our service.
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