Bank of Japan Governor Kikuo Iwata: Further Rate Hikes Needed to Curb Inflation
June 3 — Bank of Japan Governor Haruhiko Kuroda said in his final regular policy speech ahead of a highly anticipated upcoming policy meeting that the BOJ must keep raising interest rates in line with Japan’s economic conditions and inflation.
“In other words, if the BOJ determines the likelihood of hitting its baseline scenario is higher — which would mean the tense situation in the Middle East gradually eases, and underlying inflation climbs to around 2% amid steady economic growth — then I believe the central bank will continue hiking policy rates at an appropriate pace,” Kuroda stated.
Analysts note that Kuroda’s latest comments make a BOJ rate hike this month more likely, but his remarks are not as direct as those he offered before the central bank’s two previous rate increases. This suggests Kuroda is aiming to maintain flexibility amid growing complexity and uncertainty in the Middle East, while also taking into account the stance of Japanese Prime Minister Sanae Kanemasa
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Prominent US Stock Market Influencer: AI Investment Craze Needs to Beware of Four Major Risks, Low PE Does Not Signify Stable Structure
June 3rd: US stock market KOL Herman Jin (@ShanghaoJin) published a post yesterday breaking down four key risks tied to the ongoing AI investment frenzy, per Jin’s analysis. He outlined four critical areas of concern: At the micro-company level, seemingly flawless operating scenarios can easily foster overconfidence; ample liquidity is currently available, but central banks have limited tools to control it effectively; disruptions to the semiconductor supply chain could spiral out of control, pushing capital expenditure costs sharply higher; and slowing revenue growth for AI models from players like Anthropic and OpenAI may shake hyperscalers’ (Microsoft, Google, Amazon, Meta, etc.) expectations around capital spending.
Jin emphasized that demand risks at the AI model end—specifically for firms such as Anthropic and OpenAI—are the most worthy of attention and the most straightforward indicator to track. While today’s AI bull market appears to have low price-to-earnings (PE) ratios and
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Huobi HTX Launches New User Exclusive Quadruple Benefits Event: Join to Share a $100,000 USDT Prize Pool + Win an iPhone Grand Prize
June 3 Update: Per Huobi HTX’s official announcement, the crypto platform has just rolled out a four-tier incentive program for new users. Running now through June 12 at 19:59 UTC+8, the campaign awards prizes to new users who complete core tasks including registration, deposit, trading, and referrals.
1. New users who sign up during the event and finish the required tasks are eligible for a lucky draw. Prizes include an iPhone 17 Pro Max, XAUT, and other top-tier rewards.
2. For the full event period, new users who hit at least $100 in daily spot trading volume or $500 in daily futures trading volume earn 1 check-in day. They’ll unlock a mystery box airdrop based on their total accumulated check-in days.
3. New users will be ranked by their spot trading volume to split a $30,000 prize pool, with higher placements receiving bigger rewards.
4. Both existing and new platform users can refer friends to register. Once those referred friends complete the required tasks, the referrer gets a
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The leading bearish player "pension-usdt.eth" closed a nearly $100 million BTC short position and took profit, redirecting the funds to short ETH.
June 3rd – According to Coinbob’s Popular Address Monitor, the largest BTC short on Hyperliquid—held by the wallet “pension-usdt.eth”—is executing a take-profit move over the past 30 minutes. As of press time, the address has cut its BTC short exposure by 57 BTC, bringing its remaining BTC short position to 1343 BTC (valued at roughly $90 million) with an unrealized profit of around $3.23 million.
The margin freed up from closing that BTC short is being redirected to open a 3x-leveraged ETH short. The new ETH short position now stands at $4.6 million in size, with an average entry price of $1,879, and the rebalancing is still ongoing.
This BTC short was originally opened on April 1st and had not been reduced at all until now. It only flipped from a loss to a profit for the first time last night, with an average entry price of approximately $69,423. At its peak, the short position was worth over $100 million.
Wallet Address: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902
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