According to QCP Market Colour, with the signing of a memorandum of understanding between the US and Iran and signals of the reopening of the Strait of Hormuz, the market has seen a clearer geopolitical environment this week, supporting risk assets. US stock futures rose and broke through historical highs, while crude oil prices fell back below $75. QCP stated that at the macro level, attention still needs to be paid to the guidance of the Federal Reserve's dot plot on the short-term restrictive policy path; in the crypto market, BTC remains trapped below $66,000, and concerns about Strategy's funding needs continue to suppress market sentiment, preventing Bitcoin from following the broader rebound in risk assets.

Odaily Planet Daily reports that US President Trump stated the market is very satisfied with the Iran agreement, the Strait of Hormuz will open within a day or two (it is currently partially open and will be fully open later), and oil prices are falling. Trump also praised the rising stock market and falling oil prices, and said the G7 trip was very successful. (Jinshi)

According to CryptoWorld, Redis founder Salvatore Sanfilippo refuted claims that large-scale Chinese AI models rely on distilling American models. He pointed out that ordinary APIs can only return textual answers, failing to capture the probability distribution and internal state of the model during answer generation. Therefore, it's impossible to replicate the core capabilities of cutting-edge models through a few external calls. He emphasized that the logical reasoning and analytical abilities of large-scale models are hidden within complex neural networks; external users can only obtain the final textual answer, not the complete thought process and probability calculations. Furthermore, regarding Washington and Anthropics' attempts to cut off the distillation channels for large-scale Chinese AI models by blocking cutting-edge models, former GitHub internationalization strategy head Kevin S. Xu pointed out that such blocking policies cannot hinder the overall progress of AI in China.

According to Odaily Planet Daily, Michael Burry, known for his successful short-selling of the US subprime mortgage market, stated that he currently holds neither a long nor a short position in SpaceX. The primary reason is not based on his assessment of the company's fundamentals, but rather on the prohibitively high cost of shorting. Burry wrote that SpaceX is essentially "a small space company, a niche market telecom operator, a troubled social media company, and a CoreWeave-light computing service provider," with annual revenue of less than $20 billion, yet a market valuation of approximately $3 trillion. These remarks came as SpaceX's stock price continued to rise after its IPO. The company rose 20% on its first day of trading, and accumulated a gain of over 25% in the following week, surpassing Berkshire Hathaway in market capitalization and ranking among the top five globally, behind only Nvidia, Google, Apple, and Microsoft.

Odaily Planet Daily reports that OKX announced the official launch of OUSDT perpetual contracts on its web, app, and API platforms at 00:30 Beijing time on June 18th. o1 is a native trading frontend that integrates spot trading, perpetual contracts, and prediction markets under a single non-custodial UX, and adds quantitative and algorithmic trading tools.