According to Bijie.com, Masayoshi Son stated at the annual shareholders' meeting on June 23 that building space-based data centers has almost no practical value, and the outcome of the AI competition will be determined by computing power on land. He explicitly rejected SoftBank's plan to emulate Elon Musk's space-based data center initiative, pointing out that electricity costs account for only a small portion of data center operating costs, and relocating to space would incur high rocket transportation costs and maintenance difficulties. Son emphasized that the AI battle in the coming years is more crucial, and SoftBank will focus on building powerful data centers on land and plans to enter the emerging US AI cloud computing market.

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In the past hour, total liquidations across the network reached $11.06 million, with $10.13 million from long positions, with $930,173.86 from short positions. BTC liquidation $4.19 million, ETH liquidation $1.19 million.

Odaily Planet Daily reports that CoinUp responded to the "CPX price fluctuations and the identity of related personnel" issue, stating that Zhu Pan is not a member of the CoinUp platform and has not participated in the platform's core operations and management. His identity is solely that of a project representative for a project listed on the CoinUp platform. Regarding the recent short-term sharp fluctuations in the CPX/USDT trading pair, CoinUp stated that its initial assessment is that this was mainly caused by concentrated selling pressure in the market, and the platform is further investigating and verifying the specific reasons. CoinUp also emphasized that the platform has not suffered any hacker attacks, data intrusions, or system vulnerability exploits, and that its wallet system, account system, and asset custody services are currently all in a secure and controllable state.

According to Bijie.com, Citigroup has raised its forecasts for the Chinese AI-PCB market size to RMB 152 billion, RMB 307 billion, and RMB 562 billion for 2026, 2027, and 2028, respectively. It anticipates that Google's TPU-related PCB procurement will reach $16 billion in 2028, exceeding Nvidia's GPU-related demand. Meanwhile, Citigroup raised its target price for Shanghai Electric Group from RMB 119 to RMB 189, projecting net profits of RMB 6.7 billion, RMB 12.1 billion, and RMB 23.2 billion for 2026, 2027, and 2028, respectively. Citigroup also raised its target price for Shenghong Technology from RMB 415 to RMB 456, and for the first time introduced a net profit forecast of RMB 23.2 billion for 2028.