根據 Beating 進行的市場監測，香港投資者正在執行針對中國 AI 大型語言模型公司的配對交易。自 3 月下旬以來，智譜的股價飆升 170%，而 MiniMax 則下跌約 50%。自 1 月上市以來，兩檔股票都有上漲，但智譜截至目前（year-to-date）的漲幅超過 1,500%，遠遠拋離 MiniMax。 這種分歧反映了績效落差。智譜在維持銷售量的同時上調 GLM 模型定價，而 MiniMax 則在推出僅一週後就將其 M3 旗艦模型價格砍下 50%。高盛基於獲利能力方面的顧慮，下調了 MiniMax 的目標價 14%；同時，摩根大通在上調智譜目標價的也下調 MiniMax，並表示 MiniMax 的定價動作顯示其模型競爭力較弱。匯豐估計，MiniMax 面臨在 7 月 8 日釋放 65% 的持股份額；而智譜在 7 月 7 日僅有 6% 釋放。這為預期在 7 月初加速的配對交易提供了充足的做空火力。

根據 BlockBeats 報導，美國 6 月 11 日的消費者物價通膨按年（year-over-year）達到 4.2%，創下三年來的最高水準。能源價格年增 23.5%，其中汽油價格跳升 40.5%，占當月通膨增幅的逾 60%。 剔除食品與能源的核心 CPI 僅按月（month-over-month）上升 0.2%，低於市場預期。這種潛在通膨的放緩意味著能源衝擊尚未全面蔓延至服務業與消費支出。數據也促使市場重新評估貨幣政策預期，交易員目前關注的是，美聯儲在下次會議上是否會採取中性至偏鷹（neutral-to-hawkish）的立場，而非立即調升利率。

CME 集團於 6 月 9 日推出納斯達克 CME 加密指數期貨（Nasdaq CME Crypto Index futures），提供與八種主要加密貨幣籃子掛鉤的合約：比特幣（Bitcoin）、以太幣（Ether）、索拉納（Solana）、XRP、卡爾達諾（Cardano）、Chainlink、比特幣現金（Bitcoin Cash）以及萊特幣（Lumens）。這些合約以財務結算方式對應納斯達克 CME 加密結算價格指數（Nasdaq CME Crypto Settlement Price Index），使投資人能透過單一受監管的期貨合約取得多元化的加密貨幣曝險，而無需在各個獨立數位資產之間分別管理部位。 截至目前為止，CME 的加密衍生品業務已達約 266,900 張合約（year-to-date），較前一年成長 38%；平均每日未平倉量接近 274,500 張合約，增加 18%，反映機構對受監管數位資產衍生品的需求持續攀升。

根據合併財務申報文件，Strategy Inc 於 2026 年期間收購了 171,238 顆比特幣，超過同期全球挖礦產量 2.6 倍。這家在 Nasdaq 上市的公司透過可變利率 A 系列永續優先股（STRC）、市場所屬（at-the-market）發行，並以 15 億美元回購 2029 年到期的可轉換高級票據（以相對面值折價 8%）來為該累積提供資金，該操作產生了 4,391 顆比特幣的內部獲利。此次收購使 Strategy 的比特幣總持有量提高至 843,738 BTC，為股東帶來截至目前（year-to-date）的 13.3% 報酬率。

根據 BlockBeats，Reddit 的 WallStreetBets 論壇上的資深交易員 Serenity 於 5 月 26 日在社群媒體上發文，聲稱其今年迄今的報酬率為 4502.45%。

March 26: Japan's two-year government bond yield rose to its highest level since 1996, driven by market expectations of central bank rate hikes. The ten-year JGB yield also increased, with rising oil prices fueling inflation expectations and reinforcing market expectations of monetary policy tightening by the central bank. Markets are pricing in a 64% probability of a rate hike in April.

According to 1M AI News monitoring, Mercedes-Benz China announced that an edge-side multimodal large model jointly developed with Tsinghua University and Zhipu, an AI large model company listed on the Hong Kong Stock Exchange in January this year, will be deployed in the next-generation Maybach S-Class and the new S-Class sedan. The model is deployed in the rear-seat entertainment system, integrating natural language processing with multimodal understanding and generation capabilities in vision, audio, and other modalities. Combined with in-vehicle cameras and other perceptual hardware, it completes inference under local computing power conditions. According to Zhipu's official statement, Mercedes-Benz has become the first automotive brand to apply multimodal large models in rear-seat entertainment systems.

BlockBeats news: On March 26, Japanese Web3 infrastructure company Startale announced that SBI invested $50 million in it, while completing a Series A financing of $63 million. The two companies will focus on tokenized securities, stablecoins, and consumer on-chain products in Japan. Startale Group CEO Watanabe Sota stated: "Through deep cooperation with SBI, we will accelerate the adoption of tokenized stocks centered on the Japanese stock market and yen stablecoins this year."

Cipher Digital (CIFR) stock rises about 9% in pre-market trading following the signing of a 15-year data center lease agreement with a major customer and securing a revolving credit facility of up to $200 million, which will facilitate the development of its high-performance computing facilities and strengthen its position as an AI infrastructure partner.

彭博分析师Eric Balchunas称，比特币现货ETF本月净流入达25亿美元，贝莱德旗下产品IBIT净流入转正，显示出ETF资金韧性强。尽管比特币价格下跌40%，投资者持有意愿显著高于10年前黄金投资者。