Iran Says Drafted 'Hormuz Peace Endeavor' Fee Rule

June 7 — Jensen Huang, chief executive officer of NVIDIA (NVDA.O), and Chey Tae-won, chairman of South Korea’s SK Group, will unveil a new collaboration plan this coming Monday, according to South Korean private news agency NEWSIS.

**SpaceX’s Upcoming IPO Sparks Wealth Management Frenzy for Its Employees, Advisors Say** June 7 — SpaceX’s highly anticipated initial public offering (IPO) is set to be a defining moment for thousands of the aerospace company’s staff, who will finally get to sell their privately held shares on the open market and turn their equity into liquid assets. The hype around the launch has also triggered a surge of new business for wealth management advisors, many of whom specialize in helping tech industry workers navigate the complexities of equity incentive plans and the steep tax implications that often come with large-scale stock liquidation. “We’ve been working 10 to 12-hour days lately, even picking up weekends,” said Frank Alvarez, an advisor at San Diego-based Tidemark Financial Partners, who currently serves over 20 SpaceX employee clients. “The whole office is buzzing with this mix of tension and excitement. Right now is the busiest, most critical period we’ve seen in years.”

On June 7, NVIDIA CEO Jensen Huang said that the memory shortage will continue for several years. (FX168)

June 7th. Analyst Darkfost took to social media, noting that since Bitcoin hit its market peak last October, holders have racked up a cumulative realized loss of roughly $174 billion. Because realized losses are measured in U.S. dollars, each bear market’s total loss has grown larger alongside Bitcoin’s rising market value. Data shows cumulative realized losses hit just ~$2.4 billion during the 2014 bear market—at a time when Bitcoin’s total market cap ranged from $6 billion to $8 billion; by the 2019 downturn, that figure had climbed to about $60 billion. However, the current cycle’s realized loss hasn’t yet broken the record. The prior bear cycle saw cumulative realized losses of ~$211 billion, higher than today’s level. Analysts say this points to potential room for further market clearing. If the bear market persists for several more months, cumulative realized losses could eclipse the previous cycle’s record. Even so, as of now, while the current bear market has entered a far dee

On June 7, NVIDIA CEO Jensen Huang teased that the company could make several announcements tomorrow. Click the link to the original article below to subscribe to Synced’s AI News Channel on Feishu — it tracks global AI trends and news around the clock.

June 7 — Iranian news outlet Fars News reported that every oil tanker transiting the Strait of Hormuz will be charged a fee ranging from $150,000 to $2 million. Some of these fees may not be settled in cash; instead, they can be covered via goods or barter arrangements.