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Baidu PaddlePaddle launches PP-OCRv6. The new version offers three model options: tiny 1.5M, small 7.7M, and medium 34.5M, covering edge, browser, and cloud scenarios. Compared with v5, detection and recognition accuracy improve by 4.6% and 5.1%, respectively, and Chinese, English, Japanese, and 46 Latin languages are aggregated into a single model. The newly designed detection/recognition network introduces a unified module and structural re-parameterization to enhance accuracy and reduce computational requirements. With OpenVINO optimizations, end-to-end CPU inference on the medium model sees up to a 5.2x improvement, and the code has been integrated into PaddleOCR and open-sourced.

Crypto Globe News: Galaxy Research’s research director Alex Thorn said the UK’s move to include the entire HTX in its sanctions list is controversial, because there are still large numbers of legitimate users on the platform. He also noted that there are clear differences among different stablecoin issuers in the standards and the timing of execution when freezing relevant assets, and advised paying attention to the potential impact of stablecoin freezing mechanisms on users’ assets.

Crypto界网消息，麦格理集团经济学主管大卫·多伊尔表示，在上周五强劲的非农就业报告公布后，该行维持对美联储利率路径的基准预期。他指出，正如他们一段时间以来一直强调的那样，预计美联储下一步行动将是加息，基准时间点为2027年第一季度。然而，这一预期面临的风险已转向加息可能提前，目前市场已计入2026年第四季度加息的可能性。未来几周，美联储的措辞可能会继续从偏向降息转向偏向加息。

CryptoWorld News: HYPE long positions' unrealized profits have narrowed to $24.68M (+158.08%), with the current price at $56.56, a liquidation price of $50.01, and a position size of $78.05M. This address heavily increased long positions before HYPE was listed on Robinhood and is now the largest HYPE long, having previously suffered significant unrealized losses.

Hut 8 announces that its wholly owned subsidiary Beacon Point DC LLC has completed the pricing of $4.25 billion in senior secured notes, with a coupon rate of 6.129%, maturing in 2042. The proceeds will be used to build the Beacon Point AI data center project in Texas, USA, which plans for 352 MW of IT capacity. Hut 8 states that this debt is project-level financing and does not constitute recourse to the parent company.

CryptoWorld News reports that Polymarket said Google is raising its AI funding target to $847.5 billion.

CryptoWorld News: Hyperliquid's HIP-4 event contracts generated over $92 million in trading volume during their first month of operation, demonstrating strong demand for this new product category. According to the latest data, the HIP-4 contracts have an average daily trading volume of approximately $3 million, with a total trading volume of $92 million in May. Although the market remains focused on Bitcoin-related event contracts, Hyperliquid is gradually expanding its user base and event types, striving to establish a presence in decentralized trading infrastructure.

FalconX Global Market Director Joshua Lim stated that as BTC and ETH enter range-bound fluctuations amid macro uncertainties and ETF outflows, institutional and hedge fund funds are shifting towards highly volatile assets such as Hyperliquid, Zcash, Venice, and AI-related tokens. Lim said that in FalconX client trading, the HYPE segment is sometimes more active than ETH. The appeal of Hyperliquid not only comes from HYPE liquidity but also from its early launch of products like perpetual contracts of unlisted companies such as SpaceX and tokenized stocks, which are difficult to trade in other markets. (CoinDesk)

According to the latest 13F, Drunkenmiller sold 385,000 Class A letter shares, approximately $153 million, taking profits.
He previously increased his Google position to 277%, holding shares for over two quarters, with a gain of over 50%.
The current price is about 28 times forward-looking earnings, higher than 17 times a year ago, so he is exiting at an appropriate time.
Drunkenmiller previously stated that AI is overhyped, and despite Google's significant investments in AI, it may still impact the stock's outlook.

Tianjin Artificial Intelligence Sensor Industry Park officially opens, with the first batch of 10 companies signing agreements, promoting multiple collaborations around industry ecosystem construction, including innovation platforms, integration of industry and education, and financial empowerment, positioning itself as a benchmark for sensor industry clustering in the Beijing-Tianjin-Hebei region.
Phase I of the park features 20 customized facilities, expected to be delivered by June 2027, with phases II and III adding approximately 70k square meters of additional facilities.