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Gelonghui, June 18｜Dan Taylor of Man Group commented that SpaceX's valuation does not reflect the overall health of the AI sector. The rocket company's stock performance appears to be more of a bet on CEO Elon Musk rather than an AI story. Taylor stated that the company is unlikely to achieve Musk's $1 trillion revenue target by 2030, but his previous entrepreneurial ventures show that investors are not lacking in confidence in him, which should be the key factor supporting SpaceX. The pipeline of future AI-related IPOs may depend on the sustainability of the AI spending boom. He added that tech stocks have already diverged, with a sharp rise in semiconductor-related companies on one hand and declines in software-as-a-service companies on the other, and this divergence may persist until the commercial returns of AI investments become clearer.

LME copper and Shanghai copper both came under pressure and moved lower, as the US Federal Reserve's hawkish signals outweighed the positive impact of the US-Iran agreement. TC/RC has plunged deep into negative territory; where are the key points for subsequent price movements?

BlockBeats News, June 18th, according to the Financial Times, Wall Street financial institutions are pressing US regulators, warning that the proposed global bank capital requirements under the "Basel Accord" could weaken liquidity in the US Treasury market and urging authorities to reconsider the proposal to control market risk. Concerns about potential instability in the $29 trillion US Treasury market have become the latest lobbying focus for the US banking industry as Washington pushes to implement global regulatory rules. These rules stem from the international bank risk framework developed after the 2008 financial crisis. Under pressure from the banking industry, the Fed and other regulatory agencies have significantly watered down the original proposal, with the related rules expected to no longer dramatically increase overall capital requirements for US banks, and may even reduce capital levels. However, Wall Street firms are still pushing for further adjustments. According to the contents of a letter, as estimated by eight large US banks, the latest proposal would result in a 30% to 89% increase in capital requirements for the sector's banking operations.