According to the Qichacha APP, Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd. (DeepSeek) has completed a Series A financing of 51 billion yuan, with a valuation of approximately 400 billion yuan. According to China Fund News, Liang Wenfeng contributed about 20 billion yuan, Tencent contributed about 10 billion yuan, CATL contributed about 5 billion yuan, NetEase, JD.com, Monolith Capital, and IDG Capital each contributed about 3 billion yuan, Zhengxin Valley Investment and Shixiang Technology each contributed about 1.5 billion yuan, and the National Artificial Intelligence Industry Investment Fund contributed about 980 million yuan. (Governor of Chang'an Avenue)

Michael Saylor stated that Bitcoin is more attractive after experiencing a 50% pullback. （Bitcoin Archive）

The RE token will begin circulation on June 18, 2026 at 20:00 (UTC+8), and users holding Prime Sale Keys can trade on Binance Alpha. （Binance Wallet）

Wintermute has completed its first OTC options transaction for SpaceX (SPCX).

Miami man Rodney Burton admits involvement in HyperFund fraud involving $1.8 billion According to the US Department of Justice, Miami resident Rodney Burton has admitted to participating in the HyperFund cryptocurrency fraud program in federal court, involving an amount of approximately $1.8 billion. Rodney Burton has pleaded guilty to conspiring to operate an unlicensed fund transfer business, promoting the project and profiting approximately $7.85 million between June 2020 and January 2022. The project constitutes a large-scale cross-border telecommunications fraud network, and Rodney Burton faces up to 5 years of federal imprisonment. The sentencing hearing is scheduled for July 23, and the case is jointly investigated by the IRS Criminal Investigation Department and the Homeland Security Investigation Bureau.