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BlockBeats News, June 17 — Zhipu (02513.HK) announced today that they have launched and open-sourced GLM-5.2. On CodeArena, a front-end development evaluation system with over a million global users participating in blind testing, GLM-5.2 achieved the top performance among available models worldwide. Today, GLM-5.2 is specially designed for long-range task capabilities, with new features including:

Solid 1M context, reliably supporting long-range tasks; stronger sense of presence, more practical coding abilities; extreme infrastructure optimization, running on domestic computing platforms from Day 0; MIT open-source license, no regional restrictions, technology equality without borders.

The 1M context forms the long-range delivery capability of GLM-5.2, with multiple long-range task benchmarks indicating that GLM-5.2's performance is between

Robotech announced that its subsidiary FSG is jointly developing a new generation of integrated optical (CPO) and optical interconnect manufacturing testing solutions with NVIDIA, accelerating the industrialization of silicon photonic devices and optical engines to support AI deployment; the stock price surged significantly on the news, hitting the daily limit up. The announcement also indicated that the related products are still in the development stage, with no orders or sales revenue yet, and the short-term impact on main business performance is limited, with subsequent mass production still uncertain.

The company's CEO, Alex Gluchowski, announced layoffs on X, citing a shift in focus to the development of Prividium, a privacy-centric on-chain infrastructure for regulated financial institutions starting in 2024, with resources fully redirected to this initiative.
The layoffs are part of a strategic transformation and are unrelated to individual capabilities; the company offers financial compensation and assistance with career transition, while also opening external channels for connecting departing talent.

Base will launch the native token standard B20 during the Beryl upgrade, enhancing settlement speed, reducing costs, and introducing structured settlements, enabling global financial assets to circulate on Base as "programmable capital," improving transparency, composability, and liquidity. Base claims to be a neutral and open blockchain infrastructure, with asset issuance developed by Coinbase or third parties; Base and Coinbase do not act as issuers, advisors, brokers, or underwriters.

Key points: SpaceX acquires Cursor with stock, pushing AI programming tools into enterprise production lines; AI infrastructure expands from computing power to packaging and storage; Threads launches Your Algo to enhance algorithm transparency and retention; Flutterwave partners with Ripple to accelerate cross-border payments and stablecoin applications in Africa; regulators view data centers as a national security concern, with AI ecosystems and finance, hardware chains increasingly intertwined.

"New York" In-Depth Report: SBF has served 25 years in Lompoc Federal Prison, his June appeal was rejected, and he submitted a presidential pardon application, with an approximately 14% chance of being pardoned. His parents asked Republicans to lobby Trump; Trump does not plan to pardon him, and Ramirez and others also oppose it; CZ has already been pardoned. In prison, he wrote memoirs and defense materials, claiming losses resulted from accounting oversights, and has repaid over ten billion dollars to victims. In terms of life, he lost about 30 pounds, became vegetarian, played pixel dungeon games, taught chess, and became obsessed with pickleball, earning praise from fellow inmates, worried that a long sentence would cause his brain to only remember Oreos.

Polymarket announces its 6th anniversary, with Coplan expressing amazement at the commitment to the idea of information markets and global acceptance, while noting that the industry still needs to develop. Looking back at the public testing history, the platform's on-chain information markets settled in USDC covering topics such as the pandemic, politics, and cryptocurrencies, and are praised as an unprecedented trading experience on Ethereum. Analysts point out that prediction markets are evolving from early crypto experiments to broader information pricing and event trading tools.

FBI announced today that they thwarted a coordinated terror plot against the White House, originally planned to take place during Trump's birthday celebration on June 14 and UFC Fight Night 250. The plan was divided into three phases: drone bombings around the area, creating chaos to trigger evacuations and being sniped, and taking advantage of the chaos to storm the entrance. The conspiracy originated from family members of the suspects who reported it, and the FBI identified a network of 23 individuals communicating via Signal, with 5 people already arrested in Ohio, Missouri, and California. The Secret Service is actively investigating. Trump had not yet received a formal briefing on this matter during the G7 summit.

SK Hynix announces the removal of all educational requirements, launching rolling recruitment for entry-level positions, emphasizing selecting talent based on actual work ability and growth potential, rather than solely on degree background. The four-year bachelor's degree requirement has been canceled; candidates with relevant experience and job skills who align with company culture can apply. The company's stock price rose slightly by 0.92%.

Research reports suggest that AI will be unable to resolve the U.S. debt crisis in the short term, with an expected increase in total factor productivity growth of only 0.05–0.1 percentage points in 2026–27, and about 0.2 points in the early 2030s, which is far from enough to ease fiscal pressure. Personal income tax and payroll tax account for about 85% of federal revenue, with corporate tax making up about 10%, and AI leading to erosion of the tax base along with cross-border tax avoidance. Although ideas such as increasing capital gains tax, wealth tax, digital element tax, and robot tax have been proposed, in reality, they face challenges such as tax collection and enforcement, battles with tech giants, and innovation suppression, resulting in no significant short-term results. Fiscal issues will become a long-term institutional game.

The newly appointed Federal Reserve Chair, Wosh, presided over the first FOMC meeting. The market generally expects interest rates to remain unchanged, but attention will shift to potential adjustments to the policy framework and communication mechanisms. The dot plot did not clearly form a trend toward rate hikes, and most officials preferred to keep rates unchanged. In the long run, Wosh may promote reforms to communication tools, increasing policy uncertainty and affecting a low-volatility environment.

BlockBeats News, June 17 — According to OnchainLens monitoring, Arthur Hayes's associated address further received 1,400 ETH (2.51 million USD) from FalconX.
This address previously increased its holdings by 3,000 ETH on June 15 and currently holds a total of 4,400 ETH (7.89 million USD).

Castle Securities said the Federal Reserve may begin a new round of rate hikes within the year, with a total increase of 75 basis points, starting as early as September. Inflation remains sustained and is being driven jointly by loose financial conditions, a supply-chain rebound, a recovery in labor, and the AI boom, meaning price pressure has become structurally entrenched. Flett expects Waller to take a more hawkish stance; after September, it may overturn expectations for rate cuts, with rate-hike windows potentially in September, December, and early 2027. At the June policy meeting, it may remove easing language and raise inflation projections while cutting unemployment forecasts; under the Taylor rule, the within-year path is 75 basis points, and July may be when a shift is signaled. Duke research shows that several former officials believe further rate hikes are still needed within the year, and there is a risk that the summer economy may weaken.

Mizuho research report states that the two CPO development paths are progressing as scheduled, with mass production window pointing to 2028–2029; Spectrum-X drives demand, and OE shipments are raised. InP DFB remains the long-term mainstream for CPO, benefiting SIVE; VCSEL and microLED are short-term difficult to replace in short-distance interconnection scenarios, with incremental data center demand for 800VDC expected to start in 2027, and penetration increasing in 2028. NVIDIA executives deny Spectrum-X delays, with mass production and delivery proceeding as planned to the second half of 2026.

BlockBeats reports that OnchainLens monitoring shows that BTC OG insider whale Garret Jin has sold all 184,102 HYPE tokens at a price of $73.58, exchanging them for $13.54 million USDC, with a net profit of about $2.83 million. His address still holds BTC (fivefold leveraged long position) with an unrealized loss of $13.2 million, and ZEC (twofold leveraged long position) with an unrealized profit of $3.29 million.

BlockBeats News, June 17 — The global market size for real-world asset (RWA) tokenization has exceeded $43 billion, growing approximately 37% over the past 180 days, indicating that institutional funds are continuing to accelerate their migration to blockchain infrastructure.

The report points out that this growth has occurred against the backdrop of a relatively weak overall crypto market, with on-chain financial asset expansion mainly driven by the onboarding of traditional financial products, covering funds, private credit, commodities, and stocks across various asset classes.

In the current market structure, tokenized funds dominate, accounting for about 80% of the total market value; commodity assets account for 16.6%, and tokenized stocks for approximately 3.8%. In terms of chain distribution, Ethereum remains the core hosting network, accounting for 57.8%, followed by BNB Chain, zkSync Era, XRP Ledger, and Stella

BlockBeats News, June 17 — According to CNBC, well-known investor Jim Cramer said that the core driver behind SpaceX’s stock price continuing to rise is not its current profitability, but the market’s bet on Elon Musk’s ability to build disruptive companies.

Cramer said that after SpaceX completed its IPO last week, its market value quickly rose to about $2.5 trillion, once surpassing Microsoft and exceeding Amazon. Even if the company may remain loss-making for many years to come, investors are still willing to give it a high valuation because of Musk’s track record of building industry leaders.

Cramer said: “This stock is called SpaceX, but it might as well be called Elon Musk. When you buy SpaceX, you’re actually buying Musk’s brain.”

He pointed out that investors