FBI Issues Forfeiture Notice Listing Multiple Cryptocurrencies, Valued at Approximately $1.9 Million

June 16: A Financial Times survey, conducted in partnership with the University of Chicago Booth School of Business’ Rustandy Center and polling 47 economists, found more than half expect the Federal Reserve to raise interest rates by at least 25 basis points by the end of 2026 to address the roughly 3.8% inflation rate. This marks a sharp reversal from market expectations in early March, when the majority of economists projected interest rate cuts. Even with a U.S.-Iran peace agreement potentially opening the Strait of Hormuz to navigation—a move that could ease energy price pressures—many economists argue inflation will continue to seep into the real economy and remain elevated for an extended period. Markets broadly anticipate that Jerome Powell’s first FOMC meeting as Fed Chair will leave interest rates unchanged. Still, the U.S. labor market’s robustness and the economy’s resilience are building internal support within the central bank for additional rate hikes down the line

June 16 – Even as the U.S. and Iran reached a preliminary deal to reopen the Strait of Hormuz, the world’s top oil tanker operator, Japan’s Mitsui O.S.K. Lines (MOL), says the shipping sector won’t quickly return to normal transits until there’s proof the agreement delivers a “safe, secure, unobstructed” navigation zone. MOL CEO Junichiro Ikeda noted that hopes for the Strait’s reopening have been repeatedly quashed over recent months, leaving the industry wary of this latest pact. A full return to normal operations isn’t expected for several weeks to a month, he added. Right now, the company has at least seven vessels stuck waiting to transit the strait. Before tensions flared, the Strait of Hormuz carried more than 20% of the world’s oil and liquefied natural gas shipments. The International Maritime Organization (IMO) is reviewing evacuation safety plans for roughly 500 stranded vessels and is pushing to set up a repatriation route for sailors stuck overseas for over 100 days. Ge

June 16 — In the latest episode of the BG2 tech investment podcast, Altimeter Capital CEO and co-founder Brad Gerstner joined Andrew Fox (Atreides Management analyst, known by the nickname Foxy) to discuss the economics of space-deployed AI computing, framing the concept as long-term option value for SpaceX’s valuation. BG2 is a prominent Silicon Valley tech-focused investment podcast hosted by Gerstner and former Benchmark general partner Bill Gurley. According to Fox’s analysis, each Starship launch could deliver roughly 5 terawatts of computing capacity. Extrapolating, the capital expenditure to deploy the necessary hardware in space would come to around $5 billion per gigawatt. Fox contrasted that figure with ground-based data centers, noting non-GPU infrastructure costs for on-the-ground facilities (including switching gear, generators, transformers, buildings, power acquisition and cooling systems) run $20–25 billion per gigawatt. That means if orbital computing becomes a reali

**June 16 Industry Update: NVIDIA Expands Supply Lock Strategy to CW Lasers** Serenity’s June 16 report notes NVIDIA has fully secured all available EML production capacity, triggering an industry-wide supply bottleneck. The chipmaker is now deploying the same strategy to lock up continuous-wave (CW) laser capacity—primarily through partnerships with LITE and COHR, plus potential long-term supply agreements with MRVL and Celestial. Meanwhile, AMD is urgently racing to source CW laser supplies, but AMD, Amazon (AMZN), Meta (META), and other hyperscalers reacted too slowly, leaving them facing severe supply constraints. Per Serenity’s supply chain analysis: Top players like Lumentum and Coherent are already tied to EML contracts, leaving very few independent merchant suppliers (including AAOI, MTSI, and SIVE). This has intensified competition for limited remaining resources, positioning independent CW laser-focused firms AAOI and SIVE as key beneficiaries.

On June 16, according to Hyperinsight’s monitoring, trading volume linked to SPCX (SpaceX) in the cryptocurrency market exceeded $5.4 billion over the past 24 hours. For comparison, SpaceX’s trading volume on Nasdaq stood at $46.9 billion, meaning SPCX accounted for 10.3% of that total. By platform, Binance ranked first, contributing approximately $3.2 billion in trading volume; Trade.xyz followed with around $1.1 billion. Over the same 24-hour period, Trade.xyz’s total trading volume hit $3.2 billion, with a position size of $2.93 billion—accounting for 36.8% of Hyperliquid platform’s overall trading volume. Note: Crypto market transactions are mainly contract-based. When calculated without leverage, actual trading volume may decline. However, compared to SpaceX’s US stock trading on Nasdaq, SPCX remains the most prominent asset in the cryptocurrency market.