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Jinse Finance reports that, according to Polymarket data, a new wallet astonishingly spent 4.22 million USD on Polymarket betting on unlikely outcomes: wagering that Spain would not win the match and that Cape Verde would win with a -2.5 handicap. As a result, their 4.22 million USD turned into 13.28 million USD, earning a profit of 9.06 million USD.

BlockBeats news, June 16, in the latest episode of the BG2 podcast, Gavin Baker stated that xAI's cloud computing business may be becoming one of the most underestimated growth engines within the Elon Musk ecosystem. BG2 is a tech and investment podcast hosted by Brad Gerstner and Bill Gurley, with listeners mainly from Silicon Valley startups, venture capital, and public market investment circles. Baker is the founder and Chief Investment Officer of Atreides Management, and a hedge fund investor long focused on technology stocks, AI, and infrastructure investments. On the show, Baker cited Clark's analysis, noting that the cloud computing deal between xAI and Google could generate higher operating profits per gigawatt of computing power than Anthropic, Meta, Google, and OpenAI. He also mentioned that Freda's estimates for Colossus 1 show the project's internal rate of return could reach 55%. According to Baker, if a company can finance at an interest rate of 6%, 7%, or 8% and invest in a project with an internal rate of return of about 55%, the financial logic is very straightforward. He noted that xAI may have already risen from a non-AI cloud service provider to become roughly the fourth largest AI hyperscaler in the world in a short period.

On June 8, the U.S. Government Accountability Office (U.S. GAO) sent a letter to Federal Deposit Insurance Corporation Chairman Travis Hill, recommending the establishment of a coordination mechanism to identify risks in blockchain financial products. The U.S. GAO pointed out that the Federal Deposit Insurance Corporation is the primary regulator of bank-owned stablecoin issuer subsidiaries under the GENIUS Act, and suggested rotating bank case managers to reduce threats to independence. In 2023, the collapse of three crypto industry-related banks raised questions about the actions of regulatory agencies.