BTC rebounds to $61,000, industry insiders analyze the true cost of AI computing power

Headlines

▌BTC rebounds and breaks through $61,000

Market data shows that BTC has rebounded and broken through $61,000, currently trading at $61,039.53, with a 24-hour decline narrowed to 0.53%. Market volatility is high, please manage your risks accordingly.

▌The economic accounting behind the AI boom: industry insiders analyze the true cost of AI computing power

On June 6, according to CCTV Finance, with the application of artificial intelligence, raising “lobsters” and “horses” has sparked a nationwide craze, and the term Token is becoming more familiar to the public. In March 2026, the National Data Bureau officially named the Chinese term for Token as “word element.” Also in March, China's average daily call volume for word elements exceeded 140 trillion times, and each word element's generation relies on computing power, which in turn depends on electricity. There is a saying: “60%–70% of AI computing power costs are electricity bills.” In response, Peng Li, co-founder, CTO, and chief hardware architect of Mu Xi Co., Ltd., stated in “Dialogue” that this refers to operational expenses during the operation process, not the full lifecycle cost of the intelligent computing center. A trillion-level intelligent computing center with an investment of about 1.5 billion yuan, in the entire investment cost, the proportion of electricity and operation & maintenance costs does not exceed 20%. However, during operation, the main cost is indeed electricity, making energy efficiency critical. When discussing the requirements for choosing electricity partners, Peng Li said she mainly considers two aspects: one is cost; the other is “universality, ease of use, stability, and reliability.”

Market

As of press time, according to CoinGecko data:

BTC price is $60,760.64, with a 24-hour change of -1.0%;

ETH price is $1,592.52, with a 24-hour change of +0.8%;

BNB price is $577.93, with a 24-hour change of +0.30%;

SOL price is $62.92, with a 24-hour change of -2.90%;

DOGE price is $0.08240, with a 24-hour change of -0.50%;

XRP price is $1.09, with a 24-hour change of -1.60%;

TRX price is $0.3239, with a 24-hour change of +1.00%;

WLFI price is $0.05627, with a 24-hour change of +0.60%;

HYPE price is $57.55, with a 24-hour change of -5.70%.

Policies

▌Putin: Russia is willing to accept foreign-invested companies that withdrew due to the 2022 Russia-Ukraine conflict

On June 6, Russian President Putin stated at the St. Petersburg International Economic Forum that Russia is willing to welcome foreign-invested companies that withdrew due to the 2022 Russia-Ukraine conflict back into the domestic market. Putin said: “Multiple calculations show that sanctions imposed on Russia have caused losses between 1.5 trillion and 2.5 trillion euros for the Eurozone. If the cooperating companies that withdrew from the Russian market two or three years ago did not take extreme actions and behaved appropriately, Russia welcomes their return.”

▌Chairman of the CSRC: resolutely curb false innovation such as concept hype, complex nesting, excessive speculation, and channel hollowing

On June 6, the CSRC released Wu Qing’s speech at the Fourth Member Congress of the China Securities Investment Fund Industry Association. Wu Qing pointed out that the industry should continuously enhance the endogenous motivation for high-quality development. With the booming development of frontier technologies like artificial intelligence, the operating models and ecological systems of the fund industry are undergoing profound changes. Industry institutions need to continuously improve the breadth and depth of innovation in products, services, business, and organization, more comprehensively and effectively aligning with market needs. Strengthen technological empowerment, cautiously explore the application of new technologies such as AI and big data, effectively empower key scenarios like investment research, client services, and internal control management, and accelerate digital and intelligent transformation. Focus on differentiated development; leading institutions should comprehensively enhance their overall competitiveness, while small and medium-sized institutions should not compete on scale but on特色, based on their own resource endowments and core advantages, focusing on key business areas for deep cultivation, and following a path of特色化 and boutique development. Coordinate development and security, strengthen risk prevention throughout the innovation process, and ensure that the pace, intensity, and management capacity of innovation are compatible, resolutely curb false innovation such as concept hype, complex nesting, excessive speculation, and channel hollowing.

▌Wuxi: Focus on frontier tracks like AIDC and Token, categorize project lists, and establish promotion mechanisms

On June 6, according to Wuxi Daily, Wuxi Party Secretary Du Xiaogang presided over a special promotion meeting for the development of the integrated circuit (artificial intelligence) industry. The meeting emphasized solid project support. Focus on key links such as design, manufacturing, packaging and testing, and equipment materials, focus on frontier tracks like AIDC and Token, categorize project lists, establish promotion mechanisms, strengthen regular scheduling, linkage services, and precise support for key projects, especially benchmark projects. At the same time, closely connect with listed companies, leading enterprises, research institutes, and investment institutions, grasp industry trends, and precisely enter tracks to jointly land more high-quality incremental projects.

▌CSRC Chairman Wu Qing: Over the past five years, the scale of stock investment in the fund industry has increased by 41% to 13.4 trillion yuan, with A-shares held accounting for 13.7%

On June 6, the CSRC released Wu Qing’s speech at the Fourth Member Congress of the China Securities Investment Fund Industry Association. Wu Qing pointed out that over the past five years, the fund industry’s stock investment scale has grown by 41% to 13.4 trillion yuan, with holdings of A-shares accounting for 13.7%. Rational investment, value investing, and long-term investment have become widespread consensus. Meanwhile, the fund industry has become an important partner for social security, insurance, and pension funds, and an important entrusted institution for equity investment, playing a crucial role in optimizing the investor structure of the capital market, broadening the channels for medium- and long-term funds to enter the market, increasing market liquidity, and reducing irrational market fluctuations.

Blockchain Applications

▌Zcash security researcher to audit Monero, plans to expand to more privacy coin projects

On June 6, it was reported that Taylor Hornby, a security engineer who discovered a serious vulnerability in Zcash using the Anthropic Opus 4.8 AI model, announced that Monero (XMR) has been added to the audit queue, and more privacy coins will be examined in the future. Hornby previously discovered a critical vulnerability in Zcash Orchard privacy pools on May 29, which had gone unnoticed since May 2022 and theoretically could allow attackers to infinitely mint fake ZEC that cannot be detected. Shielded Labs, responsible for development, completed an emergency fix before June 1 and subsequently disclosed the vulnerability details publicly.

Cryptocurrency

▌DWF co-founder: BitMine and Strategy could cause the biggest market crash in crypto history

DWF Labs co-founder Andrei Grachev FF posted on X that BitMine and Strategy might cause the largest market crash in crypto history. He hopes this won’t happen but advises considering your trading strategies if BTC drops to $10k–$20k.

Major Economic Developments

▌“New Stock God” Serenity responds to excessive US stock market volatility: AI investment logic remains unchanged, market adjustments need not cause panic

“New Stock God” Serenity posted on X that during market adjustments, leading stocks in the AI sector generally came under pressure, with Nvidia down 4.87%, Micron Technology down 7.03%, and Palantir dropping as much as 22.02%. Media often try to craft narratives around market fluctuations, such as attributing Micron’s plunge to Broadcom’s outlook putting pressure on chip stocks, but these explanations are mostly post-hoc stories. In reality, Broadcom has projected strong growth in AI-related demand through 2028, and the logic of AI infrastructure development remains unchanged. The only substantial change is that market expectations for Federal Reserve rate hikes have increased. Serenity added that such corrections occur several times each year during new highs, and personally, she does not attempt to trade based on Fed policy expectations but continues to be bullish on companies with strong fundamentals and earnings guidance.

▌“New Stock God” Serenity: JPMorgan Chase massively increases holdings of SIVE, retail investors may be “shaken out”

On X, Serenity stated that she had previously emphasized to retail investors and Swedish hedge funds the importance of Sivers (SIVE) in the integrated photonics (CPO) industry chain, but the market did not fully recognize this. After many retail investors were shaken out, JPMorgan Chase took the opportunity to significantly increase its holdings of Sivers shares, mainly from institutional funds. Currently, JPMorgan’s shareholding has rapidly risen from 0.4% last month to over 5% this month.

▌100 days since the outbreak of the US-Israel-Iran war

On June 7, today (June 7), marks 100 days since the outbreak of the US-Israel-Iran war. Since the large-scale US and Israeli airstrikes on Iran on February 28 and Iran’s counterattack, intense military conflict has continued for 40 days. Although a temporary ceasefire was later reached, the US and Iran held their first round of talks in Pakistan, but the second round has yet to occur. Disagreements remain, and mutual trust is lacking. Israel’s escalation of tensions in Lebanon, interference in negotiations, and frequent military frictions around the Strait of Hormuz make the prospects for peace increasingly uncertain. (CCTV International News)

▌Iranian public: US cannot be trusted, Iran will not surrender

On June 7, the US and Israel’s war against Iran entered its 100th day. The Iranian Foreign Ministry issued a statement condemning the US attack on Iranian radar facilities along the Persian Gulf coast, calling it a violation of Iran’s sovereignty and territorial integrity. Iranian citizens interviewed by the national broadcaster said that the US and Israel killed their relatives in military actions. Despite Iran’s willingness to negotiate, they do not trust the US. (CCTV News)

▌US may use Iranian assets to compensate Gulf allies

On June 7, according to sources, US Treasury Secretary Janet Yellen has instructed her team to “assess the situation of Gulf allies and calculate the repair costs caused by Iran.” The sources said the US plans to use relevant mechanisms to transfer frozen Iranian assets to Gulf allies to fund “responses to potential future damage from Iran and for reconstruction and repairs.” The US may also consider using Iranian assets to compensate for past damages.