TMT
09:30
White House begins review of SpaceX federal contracts
On June 13 local time, CCTV reporters learned that people familiar with the matter reported that earlier this month, the White House instructed the Department of Defense and the National Aeronautics and Space Administration (NASA) to collect detailed information on SpaceX's multi-billion dollar contracts. This move was taken after US President Trump and Musk had a public conflict. People familiar with the matter said that in preparation for possible retaliatory measures against Musk and his company, the government has ordered relevant agencies to carefully review its contracts, which has triggered an ongoing review. It is not clear whether the White House plans to cancel SpaceX's existing federal contracts totaling approximately US$22 billion. But this review shows that the Trump administration is fulfilling the threat he made during his dispute with Musk last week, that it may terminate business dealings and subsidy support with Musk's companies. In an email to Reuters, a White House spokesman did not directly respond to questions about Musk's companies, only saying: "The Trump administration is committed to rigorous review of all bids and contracts."
06:28
The eighth test flight of the US "Starship" failed due to a hardware failure of the "Raptor" engine
On the 12th local time, the Federal Aviation Administration of the United States stated that the investigation into the eighth test flight accident of the "Starship" spacecraft of the Space Exploration Technology Company (SpaceX) has been completed, and there are currently no reports of public casualties or public property losses. The Federal Aviation Administration of the United States accepted the results of the investigation led by SpaceX. The investigation found that the root cause of the crash of the "Starship" spacecraft was a hardware failure of one of the "Raptor" engines. In addition, the Federal Aviation Administration of the United States has confirmed that SpaceX has taken corrective measures before the ninth test flight mission of the "Starship".
05:28
The Federal Aviation Administration (FAA) of the United States: The investigation found that the root cause of the Starship vehicle crash was a hardware failure in one of the Raptor engines. It has been confirmed that SpaceX has taken corrective measures before the Starship's ninth flight mission.
05:27
The Federal Aviation Administration (FAA) of the United States: The investigation into the SpaceX Starship flight 8 accident has been concluded. There were no reports of public injuries or damage to public property.
05:02
Sources: Musk's SpaceX's role in the Golden Dome missile defense system has been questioned after a dispute with Trump.
23:40
Barbie maker Mattel partners with OpenAI to launch first AI product this year
On June 12, Barbie doll maker Mattel said it has partnered with OpenAI to develop artificial intelligence toys and games, and expects to launch its first artificial intelligence product later this year.
17:04
Ant Financial starts applying for Hong Kong stablecoin license
According to Jiemian News, on June 12, Ant Group Vice President and Ant Digits Blockchain Business President Bian Zhuoqun revealed at the SNEC Shanghai Photovoltaic Exhibition that Ant Digits has started applying for a Hong Kong stablecoin license and has had multiple rounds of communication with regulators. It is reported that Ant Digits has listed Hong Kong as its global headquarters this year and has completed the pilot test of the regulatory sandbox in Hong Kong. On the same day, Ant Digits and GCL Energy jointly announced the establishment of a new company "Ant Xinneng".
16:21
Ant Group's Ant Digits launches energy service intelligent entity
Recently, at the 18th International Solar Photovoltaic and Smart Energy Conference, Ant Digits, a subsidiary of Ant Group, released an energy service intelligent agent. It is reported that the intelligent agent can accurately predict power generation and market supply and demand changes, and generate analysis reports and strategies for multiple links such as investment, operation, transaction, and financing through simple text instructions.
16:00
SpaceX said that Starlink is expected to begin providing gigabit speeds as early as 2026, and Musk later reposted that the uplink speed will also be significantly improved.
15:23
Hong Kong stocks related to Ant Financial rose sharply, with Yunfeng Financial (00376.HK) soaring 98% at one point and now up 53%, Lion Holdings (02562.HK) up nearly 15%, and Yaocai Securities (01428.HK) up more than 12.5%. On the news front, it was reported that Ant Group will apply for stablecoin licenses in Hong Kong and Singapore. Ant responded that it will submit the application as soon as the relevant channels in Hong Kong are opened.
14:26
ByteDance: AI development tool TRAE has exceeded one million monthly active users
At the 2025 Spring Volcano Engine FORCE Power Conference, Bytedance Technology Vice President Hong Dingkun revealed the latest user data of TRAE: the overall monthly active users have exceeded 1 million. In January this year, Bytedance officially launched the first Chinese AI IDE "TRAE" in China, providing efficient AI Coding services to domestic developers through intelligent code completion, local code generation, natural language programming and other functions.
08:57
Meta challenges EU regulatory fees on tech giants
Meta Platforms has filed a lawsuit with Europe's second highest court, challenging the EU's regulatory fees on tech giants, criticizing their calculation methods as opaque, excessive and unfair. According to the Digital Services Act (DSA), which will come into effect in 2022, 18 large online platforms, including Meta and TikTok, must pay a regulatory fee equivalent to 0.05% of their annual global net income to cover the EU Commission's regulatory costs for enforcing the law. The fee is calculated based on each company's monthly active users and its profit and loss in the previous fiscal year. The EU's second highest court is expected to make a ruling next year.
10:30
Liang Ruobo of ByteDance: The current stage of AI development is the "first 500 meters of a marathon"
On June 11, Volcano Engine FORCE2025 Power Conference was held in Beijing. Liang Rubo, CEO of ByteDance, said that it is necessary to promote good technologies and let customers use them in depth, which is very important for ByteDance to maintain its technological competitiveness. "We feel more and more deeply that AI development is still in its early stages, and it is only the first 500 meters of a marathon."
10:29
Nintendo: Switch 2 sales exceeded 3.5 million units in 4 days
Nintendo announced that the Switch 2, which was officially launched on June 5, sold more than 3.5 million units in four days, setting a record for the best start since the company's first new console was launched in eight years. Previously, Nintendo expected the Switch 2 game console to sell 15 million units in fiscal year 2026 (ending March 31, 2026).
04:14
GameStop: 4,710 bitcoins purchased with cash between May 3 and June 10, 2025
GameStop: Purchased 4,710 bitcoins with cash between May 3 and June 10, 2025.
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