The United States has allocated $500 million to SandboxAQ to explore new semiconductor manufacturing materials
WASHINGTON – The U.S. government announced a $500 million grant on Wednesday (June 17) to SandboxAQ for developing new chemicals and materials critical to domestic semiconductor manufacturing in the U.S., including alternatives to PFAS (per- and polyfluoroalkyl substances). The funding is part of research allocations earmarked under the Chips for America Act, as designated by former President Trump.
Prior to this, the Chips for America initiative had allocated $150 million for investments in new semiconductor manufacturing equipment and $2 billion for quantum computing research. Backed by NVIDIA (NVDA.O), SandboxAQ was valued at $5.75 billion in April 2025 and has raised over $1 billion in total capital to date. (Golden Finance)
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HODL Wave: Bitcoin Long-Term Holder Supply at an All-Time High, Bear Market May Be Nearing Its End
June 17 — Bitcoin has rallied 6% over the past week, climbing to roughly $65,000 after notching two consecutive weeks of double-digit declines. Research and brokerage firm K33 reports that the share of Bitcoin supply held by long-term holders has hit an all-time high, a potential signal the bear market is nearing its end.
Vetle Lunde, K33’s Head of Research, pointed out that a key feature of the 2024–2025 cycle is the reactivation and potential selling of large volumes of long-dormant Bitcoin as prices hit new highs. But since 2026, reactivations of BTC that’s been inactive for over two years have been unusually low. As of June 6, only 218,421 BTC had been reactivated — in comparison, by that same date in 2024, 1.18 million BTC had been reactivated. Lunde said this shows a significant weakening of on-chain selling pressure in 2026 relative to the past two years.
Lunde added that the drop in old coin activity indicates long-term holders are less willing to sell, and patient investors
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Analyst: FOMC May Trigger Bearish Market, Bitcoin Needs to Hold $64,000 Support to Sustain Bullish Structure
On June 17, Bitcoin dipped below $65,000, edging closer to a critical short-term support level ahead of the Federal Reserve’s upcoming interest rate decision. The Fed will announce its rate decision at 2 a.m. Beijing time on June 18—this week’s primary catalyst for market volatility. Notably, this FOMC meeting is the first held since Kevin Warsh took over as the new Fed Chair, so his post-meeting press conference remarks are being closely watched alongside the rate decision itself.
Trader Killa stated the FOMC could set the tone for the rest of June’s market moves. He pointed out BTC is currently building a bullish narrative around this event, though market outcomes are typically priced in well before official news releases. Drawing on recent history, Killa added that FOMC days usually spark more bearish reactions than bullish ones. He warned BTC needs to hold its bullish market structure around current levels (roughly $64,000); if it fails to do so, the crypto could retest its $60,00
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A new address shorted the Nasdaq with 30x leverage, with a position size of $15 million.
On June 17, Hyperinsight’s monitoring (via its Telegram channel @HyperInsight) reports that a new address on Hyperliquid received $1.167 million in funds yesterday. In the past hour, this address entered a short position on the Nasdaq 100 using 30x leverage, currently holding 500 XYZ100 short contracts valued at roughly $15 million. The entry price is $30,230, the liquidation threshold sits at $31,658, and the current unrealized profit from this position is $40,000.
Wallet Address: 0xec4a6f59960fb55a7fa49262e2628687b322cf62
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Executives from companies such as OpenAI, Anthropic, and Google will attend the G7 summit to discuss cutting-edge AI risks and sovereignty issues.
June 17 — CNBC reports that chief executive officers (CEOs) of top global AI firms, including OpenAI, Anthropic, and Google DeepMind, will join this week’s G7 summit in France. The move underscores how tech leaders are gaining greater geopolitical clout as the AI agenda moves into the global mainstream.
OpenAI’s Sam Altman, Anthropic’s Dario Amodei, and Google DeepMind’s Demis Hassabis — plus roughly a dozen other tech industry heads — will participate in a Wednesday luncheon on the sidelines of the Avignon-hosted G7 summit. The gathering is set to cover high-stakes AI risks, infrastructure, and sovereignty issues; France’s élysée Palace previously confirmed child online protection will also be a key topic.
Jessica Brandt, a senior fellow for technology and national security at the American Foreign Policy Council, told CNBC that for world leaders to deliver credible AI-related pledges, they now need hands-on input from private-sector executives actually building this technology — and
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Trump: Will Strike Iran Again If Unsatisfied
June 17: U.S. President Donald Trump stated Wednesday that if the U.S. doesn’t approve of what it sees regarding Iran, the U.S. will launch another strike against the country.
In his remarks, Trump also noted the U.S.-Iran understanding memorandum does not include an immediate lifting of sanctions, a matter that will be discussed at a later time. Separately, Trump has held talks with Syria’s leader on approaches to combat Hezbollah in Lebanon.
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