AI Seating Chart Released | Rewire News Morning Brief
Trump Releases AI Policy Seating Chart, Musk and Otto Mann Not Included. Sanders to Freeze All Data Centers, Four Institutions Jointly Push Recession Probability above 30%.
1｜Trump Forms AI Power Cabinet, Musk and Otto Mann Lose Out
The White House on Wednesday announced the first 13 members of the President's Council of Advisors on Science and Technology (PCAST). Zuckerberg, Huang Renxun, Ellison, Andreessen, Brin, Su Zifeng, Safrà Katz, Michael Dell were all selected. Sachs and Clazios co-chaired, focusing on AI policy.
The list does not include Musk or Otto Mann. Musk is busy with DOGE and SpaceX's IPO, and his influence channel does not need to go through PCAST. Otto Mann is preparing for OpenAI's IPO transition, and on the same day, his company dropped Sora. The reasons for the absence of the two are different, but the signal is the same. PCAST does not want independent voices, but rather executors willing to bet the entire AI infrastructure on U.S. soil.
The common feature of the selected individuals is very clear. Huang Renxun sells computing power, Ellison builds data centers, Zuckerberg is set to spend $115 billion on AI infrastructure this year, Andreessen has invested in half of Silicon Valley's AI companies. Coinbase co-founder Ersam is also on the list, giving digital assets a formal seat at this table. This is not an advisory committee, but a wartime cabinet for the AI industry.
(Source: White House / WSJ / Fortune / Reuters)
2｜Sanders to Freeze All New Data Centers, Three Lines of AI Policy Fracture
Senator Sanders and Representative AOC introduced the "AI Data Center Pause Act" on Wednesday. Until federal AI security legislation is passed, all new data centers are prohibited from being built across the U.S. This is the first federal-level data center freeze proposal. The bill aims to protect workers' rights, consumer privacy, the environment, and civil rights, arguing that the economic benefits of AI should not only go to the tech giants.
The reaction was immediate. Senator Warner at the Axios AI Summit directly called it "idiotic," stating that suspending construction is equivalent to handing the AI race over to China. The Data Center Alliance warned that this would "constrain internet capacity and eliminate hundreds of thousands of high-paying jobs."
Meanwhile, another legislative line is advancing in parallel during the same week. Senator Slotkin's "AI Fence Act" aims to prohibit the Pentagon from using AI for large-scale domestic surveillance and unauthorized lethal autonomous weapons. Senator Hif is drafting complementary legislation to codify the military red lines in Anthropic contracts into federal law, aiming to embed them in the 2026 National Defense Authorization Act. AI policy is fracturing in three directions: data centers, military ethics, and industrial power.
（Source: Wired / Axios / Sanders.senate.gov / The Verge / The Hill / NBC News）
3｜Meta Layoffs 700 on the Same Day It Grants $9.21 Billion in Options to 6 Executives
Meta began laying off about 700 employees on Wednesday, focusing on the Reality Labs, Recruiting, and Facebook departments. On the same day, the company disclosed a new stock incentive plan, where 6 executives (including CTO Bosworth, CPO Cox, CFO Lee) could receive up to $9.21 billion in options within five years, contingent on increasing the market cap from $1.5 trillion to $9 trillion by 2031. This year's AI infrastructure budget is no less than $115 billion.
The 700 layoffs and $9.21 billion options are not contradictory. The human structure of the AI race is restructuring, requiring not more people, but more expensive people.
Another signal on the same day. After 40 hours of deliberation, a California jury ruled for the first time that Meta and YouTube were negligent in a case of children's social media addiction, awarding $3 million in damages. While not a large amount, this is the first such ruling in U.S. history. Punitive damages are yet to be determined, and multiple states across the U.S. are watching for follow-ups.
（Source: CNBC / Bloomberg / NYT / Fortune / TechCrunch）
4｜Four Institutions Push Recession Probability Above 30% This Week, Larry Fink Says There Is No Middle Ground
Moodys pushed the U.S. recession probability for the next 12 months to 49%. Goldman Sachs to 30%, EY-Parthenon to 40%. The usual baseline probability is 15%-20%. The U.S. unexpectedly lost 92,000 jobs last month, and economic indicators were weakening even before the Iran war.
BlackRock CEO Fink gave the most straightforward framework to the BBC. The Iran war has only two extreme outcomes: either global acceptance of Iran back to the market, oil prices drop to $40 a barrel, and growth and prosperity return. Or, if the conflict prolongs, oil prices stay above $100 to $150, leading to a "sharp recession." "There will be no middle ground."
Europe is also preparing for the worst-case scenario. ECB President Lagarde stated on the same day that they are "ready to raise rates at any time." Brussels is working on a carbon price brake mechanism, as the energy cost surge due to the Iran war is already squeezing European industry. Moody's Chief Economist Zandi's assessment is most specific – if oil prices stay elevated until Memorial Day, a recession is inevitable.
(Source: Fortune / Moody's Analytics / Goldman Sachs / CNBC / BBC / FT)
Worth Knowing ↓
Iran rejects U.S. 15-point plan and proposes its own 5 conditions for a ceasefire. On the same day, a drone attack on Kuwait International Airport's oil depot caused a large fire. The U.S. is deploying an additional 82nd Airborne Division with 1,000 paratroopers and 5,000 Marines to the Middle East. The White House stated that Iran must either accept defeat or face "hell on earth." The 26-day war has resulted in over 1,500 Iranian casualties, 20 Israeli casualties, and 13 U.S. military casualties. (Source: Fortune / Al Jazeera / Gulf News) (Continued from last night)
Google's TurboQuant compresses AI work memory by 6 times, achieving up to an 8x performance improvement on the Nvidia H100. KV caching compressed to 3 bits without precision loss. The internet collectively refers to it as the "real-world Pied Piper." Currently still in the lab stage. (Source: TechCrunch / Tom's Hardware)
CSIS Report: Chip export controls are accelerating China's semiconductor localization. The control's original intent was containment, but the result is driving domestic development. China's chip industry is accelerating indigenous substitution with the dual impetus of policy and funding. (Source: CSIS)
You may also like
ZachXBT: Humanity private key leak and abnormal surge in H token should be viewed separately
On June 9, according to related disclosures, on-chain investigator ZachXBT posted an update on Humanity’s roughly $31 million security incident, saying that after further analyzing fund flows, he currently tends to believe the project team was not involved in an “inside job” or a self-staged attack. According to him, the official explanation about the private key leak was broadly accurate, but before the token unlock, the price of H had been artificially pushed higher, and the hacker later took advantage of that market environment; therefore, the private key leak and the earlier abnormal price pumping should be regarded as two separate and independent events. This reframing has shifted the market’s understanding of the nature of the incident. Earlier discussion around Humanity had focused on whether the team directly participated in the attack or used the security incident to cover up internal operations. ZachXBT’s latest remarks shift the focus from “whether it was self-theft” to “whether there were pre-unlock market structure issues.” He also questioned whether the team may have.
Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing
Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market
Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle
Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."
$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage
Japan’s Three Megabanks Plan Joint Stablecoin Issuance in Fiscal 2026
MUFG, SMBC, and Mizuho reportedly plan to jointly issue fiat-pegged stablecoins in fiscal 2026, signaling Japan’s growing push into bank-led digital payment infrastructure.
Humanity Discloses H Token Dual-Chain Attack Details, With Losses on Ethereum and BSC Exceeding $36 Million
Humanity said the H token attack across Ethereum and BSC caused more than $36 million in losses after leaked ProxyAdmin keys enabled malicious contract upgrades and token minting.
White House Discusses CLARITY Act With Law Enforcement Ahead of Senate Vote
The White House discussed the CLARITY Act with law enforcement ahead of a Senate vote, focusing on illicit finance risks and developer protections.
Bitcoin Trading Guide 2026: Strategies for Experienced Traders
What Is XAUT and PAXG? Why Tokenized Gold Is Booming in 2026
Will the SpaceX IPO Hurt Bitcoin? Here's What Traders Are Watching
Foreign selling in the South Korean stock market accelerates, with cumulative net sales reportedly reaching $75 billion this year
On June 9, The Kobeissi Letter, citing Goldman Sachs data, reported that global investors are selling South Korean stocks at an unusually rapid pace. In the latest trading session, foreign investors sold about $801 million worth of Kospi constituent stocks again; total foreign outflows last week reached about $10 billion, and the market has been in net foreign selling on nearly every trading day over the past month. According to the data cited in the report, foreign investors have sold about $75 billion worth of South Korean stocks so far this year. Meanwhile, South Korean retail and institutional investors together recorded roughly $69 billion in net buying over the same period, suggesting that the market’s main buying support has come from domestic capital rather than returning overseas funds. The information currently disclosed still mainly comes from The Kobeissi Letter’s retelling and Goldman Sachs data summaries, while public details on the statistical period and the specific definition of “selling” remain relatively limited.
Fortune Warns of Strategy’s Financing Structure Risks as Bitcoin Premium Narrows
Fortune warned that Strategy’s Bitcoin treasury model faces growing financing risks as MSTR’s net asset premium narrows and preferred stock dividend pressure increases.
Ferrari Challenge Le Mans: Carl Moon to Dominate in WEEX Livery
Sahara AI Responds to SAHARA’s Sharp Drop: No Contract or Product Security Issues Found, Internal Investigation Underway
Sahara AI responded to SAHARA’s 60% price drop, saying no token contract or product security issues have been found and an internal investigation is underway.
WEEX Deposit/Withdrawal Dynamic Island: Your Asset Status, Always in Sight
Scaling Crypto Derivatives: The Digital Asset Infrastructure Behind High-Volume Trading
In the fast-moving digital asset ecosystem, derivatives platforms face an extreme architectural test. High-leverage futures markets demand more than just standard security—they require absolute operational precision, zero-latency matching engines, and ironclad structural scalability, all while navigating intense market volatility.
As global platforms scale to meet these demands, the industry is shifting away from rigid, monolithic setups toward a more agile, "decoupled" infrastructure philosophy.
The Blueprint for High-Volume Copy TradingFor elite global exchanges like WEEX (founded in 2018), this architectural choice becomes critical when scaling high-volume retail features like social copy trading. When thousands of users automatically mirror the real-time strategies of elite traders simultaneously, it triggers sudden, monumental spikes in concurrent transactional volume.
To prevent execution latency or settlement bottlenecks during these peak volatility events, a platform's primary engine must remain entirely dedicated to risk management, copy-trade synchronization, and order matching.
The Architectural Rule: New-generation platforms must separate front-end user execution engines from heavy backend infrastructural overhead to eliminate operational friction.
By separating these layers, platforms can maintain complete sovereignty over their trading environments and user experiences while strategically aligning with institutional-grade infrastructure ecosystems. This strategic framework allows modern exchanges to leverage advanced Digital Asset Custody infrastructure such as Cobo’s behind the scenes, ensuring that backend wallet management scales elastically alongside trading spikes.
Capitalizing on Market Momentum and 400× LeverageIn a derivatives arena where platforms offer up to 400× leverage on perpetual contracts, capital efficiency and market agility are core business metrics. To capture market momentum, an exchange needs the ability to rapidly expand its asset offerings, supporting everything from legacy crypto assets to sudden, trending altcoins across a massive library of trading pairs.
Adopting a flexible, scalable Wallet-as-a-Service (WaaS) solution such as Cobo’s could completely rewrite the development timeline for high-growth exchanges. Instead of spending months of engineering capital building out custom backend wallet architectures for every new blockchain network, platforms can deploy localized infrastructure in days.
This agility allows platforms to instantly scale their listings to over a thousand trading pairs without compromising security or delaying time-to-market. It mirrors the exact operational advantages seen during high-velocity market events, similar to how advanced wallet infrastructure empowers platforms during sudden asset surges; allowing exchanges to pass that speed and liquidity directly to their global user base.
A Mature Foundation for GrowthThe synergy between trusted infrastructure ecosystems and global trading platforms represents the natural evolution of a maturing crypto market. As WEEX continues to scale its global spot and derivatives offerings for over 6 million users, adopting robust backend paradigms proves that platforms no longer have to compromise between cutting-edge trading velocity and uncompromised structural security.
ZachXBT: Humanity private key leak and abnormal surge in H token should be viewed separately
On June 9, according to related disclosures, on-chain investigator ZachXBT posted an update on Humanity’s roughly $31 million security incident, saying that after further analyzing fund flows, he currently tends to believe the project team was not involved in an “inside job” or a self-staged attack. According to him, the official explanation about the private key leak was broadly accurate, but before the token unlock, the price of H had been artificially pushed higher, and the hacker later took advantage of that market environment; therefore, the private key leak and the earlier abnormal price pumping should be regarded as two separate and independent events. This reframing has shifted the market’s understanding of the nature of the incident. Earlier discussion around Humanity had focused on whether the team directly participated in the attack or used the security incident to cover up internal operations. ZachXBT’s latest remarks shift the focus from “whether it was self-theft” to “whether there were pre-unlock market structure issues.” He also questioned whether the team may have.
Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing
Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market
Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle
Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."
$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage
