BlockBeats report, June 5: Serenity published a rebuttal to Protean Funds, a Swedish hedge fund, countering its claim that SIVE’s CPO application is fictional. Serenity noted that Global Foundries has recently listed SIVE as a reference laser, and that CPO has not yet been commercially adopted at scale, meaning current revenues cannot reflect future growth potential.
From the second half of 2026 to 2028, the CPO TAM related to SIVE is expected to surge from nearly zero to $91 billion, reaching a total of $14.1 billion, as players like Jabil enter the pluggable market, potentially exposing short sellers to a turning point risk.