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. It is currently quoted at $61,039.53, and the 24-hour decline has narrowed to 0.53%. Market volatility is high—please do a good job of risk control.

▌The economic account behind the AI boom: industry insiders break down the true cost of AI computing power

On June 6, according to CCTV Finance, with the application of artificial intelligence, raising “lobsters” and raising “horses” has sparked a nationwide craze, and the term Token has become increasingly known to the public. In March 2026, the National Data Bureau set the Chinese name for Token as “cìyuán” (word element). Also in March, China’s average daily call volume for cìyuán exceeded 140 trillion times. The generation of every cìyuán cannot do without support from computing power, and computing power cannot do without support from electricity. It is said that: “In AI computing power costs, 60%—70% are electricity bills.” In an interview on Dialogue, Peng Li, co-founder of Muxi Co., LTD., CTO and chief hardware architect, said that this refers to the share of operational maintenance expenses during the operation process, not the full lifecycle cost of an intelligent computing center. In a large-scale, “ten-thousand-card” level intelligent computing center with an investment of about 1.5 billion yuan, the combined share of electricity bills and operational maintenance in total investment costs is no more than 20%. However, during the operational phase, the main cost is indeed electricity—at this time, power efficiency becomes the key. When discussing requirements for choosing power partners, Peng Li said she mainly considers two aspects: first, cost; second, “universal, easy to use, stable and reliable.”

Market

As of the time of writing, according to CoinGecko data:

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

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

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

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

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

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

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

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

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

Policy

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

On June 6, Russian President Vladimir Putin said at the St. Petersburg International Economic Forum that Russia is willing to accept foreign-invested companies that withdrew from the country’s market due to the 2022 Russia-Ukraine conflict and return to the domestic market. Putin said: “Multiple calculations show that the losses to the Eurozone caused by sanctions imposed on Russia are between 1.5 trillion and 2.5 trillion euros. If the cooperative companies that withdrew from the Russian market two or three years ago did not make any extreme moves and acted appropriately, we welcome their return.”

****▌CSRC Chair: resolutely curb pseudo-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 Representative Conference of the China Securities Investment Fund Industry Association. Wu Qing pointed out that we should continuously strengthen the industry’s endogenous driving force for high-quality development. With the booming development of frontier technologies such as artificial intelligence, the business model and development ecosystem of the fund industry are undergoing profound changes. Industry institutions should continuously expand the breadth and depth of innovation in areas such as products, services, business operations, and organizational capabilities, and more comprehensively and more effectively align with market demand. We need to strengthen technological empowerment, and prudently and in an orderly way explore the application of new technologies such as artificial intelligence and big data, effectively empowering key scenarios such as investment research and product development (investment and research), client services, and internal control management, and speed up digital and intelligent transformation. We should highlight development in a differentiated way: leading institutions should comprehensively enhance their overall competitive strength; small and medium institutions should not compete on scale but on characteristics. They should base themselves on their own endowments of resources and core advantages, focus on key business areas and go deep with meticulous effort, and follow a distinctive and high-quality “boutique” development route. We need to coordinate development and security, strengthen risk prevention throughout the entire process of innovation, ensure that the pace, intensity, and management capacity of innovation are aligned, and resolutely curb pseudo-innovation and disorderly innovation such as concept hype, complex nesting, excessive speculation, and channel hollowing.

****▌Wuxi: Focus on frontier tracks such as AIDC and Token; sort out project lists in a tiered and categorized manner; establish promotion mechanisms

On June 6, according to the Wuxi Daily, on June 6, Wuxi Party Secretary Du Xiaogang presided over a special advancement meeting on the development of the integrated circuit (artificial intelligence) industry across the city. The meeting emphasized that we should consolidate project support. By closely focusing on key links such as design, manufacturing, packaging and testing, and equipment materials, we should focus on frontier tracks such as AIDC and Token, sort out project lists in a tiered and categorized manner, and establish promotion mechanisms. We should strengthen regular dispatching, linkage services, and precise support for key projects—especially benchmark projects—on a normalized basis. At the same time, we should closely connect with listed companies, leading enterprises, scientific research institutes, and investment institutions, grasp industry trends, precisely enter tracks, and jointly implement more high-quality incremental projects.

****▌CSRC Chair Wu Qing: Over the past five years, the stock investment scale in the fund industry grew by 41% to 13.4 trillion yuan; the proportion of A-share tradable market value held reached 13.7%

On June 6, the CSRC released Wu Qing’s speech at the Fourth Member Representative Conference of the China Securities Investment Fund Industry Association. Wu Qing pointed out that over the past five years, the stock investment scale in the fund industry grew by 41% to 13.4 trillion yuan, and the proportion of A-share tradable market value held reached 13.7%. Rational investing, value investing, and long-term investing have become widely accepted as consensus. At the same time, the fund industry has already become an important partner for medium- and long-term funds such as social security, insurance, and annuities, as well as an important entrusted institution for equity investments. It has played a very crucial role in optimizing the structure of market investors’ composition, broadening the channels for medium- and long-term funds to enter the market, increasing market liquidity, and reducing irrational market volatility.

Blockchain Applications

▌A researcher studying Zcash’s critical vulnerability will 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, said that he has added Monero (XMR) to the audit queue and will in the future carry out security reviews for more privacy coin projects. Hornby previously discovered that the Zcash Orchard privacy pool had a critical vulnerability on May 29. The vulnerability had gone unnoticed since May 2022; in theory, it might allow attackers to infinitely mint undetectable fake ZEC. Shielded Labs, the team responsible for development, completed an emergency fix before June 1 and then publicly disclosed the details of the vulnerability.

Cryptocurrency

▌DWF co-founder: BitMine and Strategy may lead to the biggest market crash in crypto history

DWF Labs co-founder Andrei Grachev FF posted on X that BitMine and Strategy could cause the biggest market crash in the history of cryptocurrencies. He hopes this will not happen, but asks you to consider your trading strategy when BTC drops to $10,000 to $20,000.

Important Economic Developments

▌“New stock god” Serenity responds to excessive volatility in US stocks: AI investment logic has not changed; market adjustments need not be cause for panic

“New stock god” Serenity posted on X that during market adjustments, leading stocks in the AI sector are generally under pressure. NVIDIA is down 4.87%, Micron Technology is down 7.03%, and Palantir’s drop is as much as 22.02%. The media always tries to find narratives for market volatility—for example, attributing Micron’s steep fall to the pressure that Broadcom’s outlook puts on chip stocks. But these explanations are mostly stories constructed after the fact. In reality, Broadcom has already projected a strong growth outlook for AI-related demand through 2028, and the logic behind AI infrastructure development has not changed. The only material change is that market expectations for the Federal Reserve’s rate-hike probability have increased. Serenity added that this kind of pullback appears several times every year as the market hits historical highs. Personally, she will not try to trade changes in the Fed’s policy expectations; instead, she chooses to continue to be bullish on companies whose fundamentals and earnings guidance are strong.

▌“New stock god” Serenity: JPMorgan Chase makes a big increase in SIVE holdings; retail investors may be “shaken out”

“New stock god” Serenity posted on X that she had previously been emphasizing to retail investors and Swedish hedge funds the importance of Sivers (SIVE) to the co-packaged optics (CPO) industry chain, but the market did not fully take this view seriously. After a large number of retail investors were shaken out and left, JPMorgan Chase took the opportunity to significantly increase its holdings of Sivers shares. And this increase mainly comes from institutional capital. At present, JPMorgan’s shareholding proportion in Sivers has rapidly risen from 0.4% last month to above 5% this month.

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

On June 7, today (June 7), marks the 100th day since the outbreak of the US-Iran-Israel war. Since on February 28 this year, the United States and Israel carried out large-scale airstrikes on Iran and Iran launched a counterattack, the intense military conflict has continued for 40 days. Although a temporary ceasefire agreement was later reached, the United States and Iran held their first round of talks with Pakistan’s mediation, but as of now the second round of talks has yet to take place. Differences over negotiations between the two sides still remain, and mutual trust has always been lacking. Meanwhile, Israel has escalated the situation in Lebanon, stirred up interference in the talks, and frequent military frictions between the US and Iran around the Strait of Hormuz have made the prospects for peace increasingly unclear. (CCTV International News)

****▌Iranian public: The US is not trustworthy; Iran will not surrender

On June 7, the war launched by the US and Israel against Iran has entered its 100th day. On June 6, Iran’s Ministry of Foreign Affairs issued a statement condemning the US’s attack on Iran’s radar facilities along the Persian Gulf coast on that day, saying the attack was an infringement upon Iran’s national sovereignty and territorial integrity. Iranian citizens, interviewed by CGTN’s reporters (CCTV?), said that during the military actions, the US and Israel blew up and killed their relatives. Although Iran is willing to negotiate, the US cannot be trusted. (CCTV News)

****▌US may use Iranian assets to compensate Gulf allies

On June 7, local time June 6, according to sources familiar with the matter, US Treasury Secretary Besant has instructed her team to “assess the relevant situation of Gulf allies and calculate the repair costs of the damage caused by Iran.” The sources said the US intends to use the relevant mechanisms to transfer the frozen Iranian assets to Gulf allies, to help fund their “response to potential future damage from Iran and reconstruction and repair work.” The US will also consider whether to use Iranian assets “to compensate for damages suffered in the past.”

Golden Encyclopedia

▌Can Bitcoin still be called “digital gold” under a geopolitical crisis?

Every time a geopolitical crisis occurs, the price of gold rises, while the price of Bitcoin crashes. After six tests, the claim of “digital gold” has never been substantiated by data. Countries stockpile gold, yet exclude Bitcoin from reserves. For investors, Bitcoin has asymmetry: it moves with stocks when stocks fall, but it does not rise when stocks rise. Three structural asymmetry factors prevent Bitcoin from obtaining a safe-haven status: derivatives excess (market structure), the dominance of leveraged traders (participant composition), and the lack of repeated behavioral records (behavioral accumulation).

Bitcoin is not a safe-haven asset, but it is a “useful asset in times of crisis.” When borders are closed and banks collapse, it can indeed play a role. If these three major asymmetries shrink, Bitcoin may no longer be a replica of gold, but instead become a brand-new “next-generation gold.” The generational transition and the widespread adoption of algorithm-driven applications may be key factors that accelerate this process.