News

BlockBeats reported on June 18 that MIT cognitive science PhD and AI researcher Gary Marcus warned that OpenAI's potential IPO and cash burn issues may pose risks to certain tech stocks that are highly dependent on AI computing power demand. This viewpoint offers a bearish narrative for the current hot AI infrastructure trades. Marcus believes that the valuations of companies like Nvidia, Oracle, and CoreWeave are partly based on the expectation that OpenAI will continue large-scale procurement of chips and data center capacity. If OpenAI's listing process faces setbacks, its valuation comes under pressure, or it cuts expenditures due to pricing wars, these suppliers could face downward revisions to their revenue expectations. This month, OpenAI has already filed a confidential S-1 document to pave the way for a potential IPO. Meanwhile, the market is also focused on its high computing power costs, competition with Anthropic, and whether enterprise clients might reduce usage due to excessive AI costs. Marcus's concerns are not limited to stocks. He pointed out that if there is a high degree of linkage between AI data center financing, cloud computing contracts, and OpenAI's demand, any contraction in core client spending could lead lenders to reassess the credit quality of AI-related assets.

BlockBeats News, June 18, according to Hyperinsight monitoring, Hyperliquid's "SPCX Major Short" whale has continuously added to their SPCX short position in the past hour. Currently, the address is shorting 14.55K SPCX with 3x leverage, with a position value of approximately $27.7 million. The unrealized gain has reached $1.4 million, with a return of about 14.4%. It is reported that since yesterday when the SPCX price was above $200, this address aggressively opened a large short position, with the position size reaching $30 million at one point. Today, SPCX has been continuously falling and briefly dropped to around $190. The whale took some profits during this period, then increased the short position again, using some realized profits for rollover trading. The current average position price has dropped to $200.2. Address: 0xfc27136e42af1732ddc9ce2605ea9bff1b959d9d

According to ChainCatcher, the Ethereum Glamsterdam hard fork entered its final development testnet phase on Tuesday, locking in ten EIP proposals, and is positioned as the largest protocol upgrade since the Merge. The two core proposals are: EIP-7732, which enacts proposer-builder separation (ePBS) directly into the consensus layer, replacing the current reliance on off-chain relays like MEV-Boost; and EIP-7928, which introduces block-level access lists (BALs), allowing validators to process unrelated transactions in parallel. Together, these pave the way for a 200 million Gas limit, approximately tripling the current level of around 60 million, with a theoretical throughput of about 10,000 TPS. For users, EIP-2780 is expected to make standard ETH transfers up to 71% cheaper. The mainnet activation date has not yet been determined and will require successful validation on the Holesky and Hoodi testnets; based on historical timelines, it is expected to go live between September and December 2026. The 200 million Gas limit is a design goal rather than a mandatory fork value and will be gradually increased by validators through Gas voting signals.