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Golden Ten Data reported on June 27 that Elon Musk has received approval from US regulators to acquire the startup Mesh Optical Technologies. The company is dedicated to developing optical communication technology for data centers. Mesh is working on optical transceivers that use light signals to transmit and receive information between data centers. According to the company, its technology offers greater energy efficiency and lower latency compared to existing solutions. Mesh was founded by SpaceX engineers who previously participated in the development of laser link communications for the Starlink satellite system. In February this year, the company emerged from stealth mode and announced the completion of a $50 million financing round led by Thrive Capital.

Cohen said in an interview on Friday: "Valuation is basically saying that everything is great." She warned: "When everything is priced for perfection, that's when investors need to worry." Cohen believes we are currently at an inflection point and expressed particular caution regarding the labor market. After 2025 became one of the worst years in decades outside of recession periods, the May employment report showed that the labor market strengthened across many industries. The data for June will be released on July 2. Cohen said: "There are some things that are standard and straightforward, including corporate profitability, corporate balance sheets, and the underlying strength of the economy, which is measured not only by GDP and industrial production, but also by job creation. Right now, we are not creating enough jobs."

According to ChainCatcher, citing Coinglass data, if ETH falls below $1,497, the total long position liquidation amount on major CEXs will reach $763 million. Conversely, if ETH surpasses $1,651, the total short position liquidation amount on major CEXs will reach $603 million.