Powell Issues Veiled Yet Pointed Warning: Fed’s Independence Must Not Be Eroded, Government Must Not Dismiss Officials for Disagreements
BOSTON, June 1 — Just one week after stepping down as Federal Reserve Chair, Jerome Powell delivered remarks here Sunday evening while accepting the Kennedy family’s Profile in Courage Award, weaving broad institutional commentary with a sharp, specific warning about the U.S. central bank’s core foundation.
Powell anchored the Fed’s existence to a single non-negotiable principle: No administration should remove a Fed official over policy disagreements. “If a government finds a way to oust a Fed official for policy differences, future governments will do the same,” he emphasized. The decades of credibility the Fed has built is a “priceless asset,” he added, and protecting it is a shared responsibility for himself and his colleagues. He clarified that the executive branch plays no role in selecting or overseeing the 12 regional Federal Reserve Bank presidents—who, alongside the presidentially appointed Board of Governors, hold votes on interest rate decisions.
His comments hint at his
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「Stock God」 Serenity Reviews ARM's Great Victory: From $134 to $354, $15 Billion Revenue Target Now Fully Justified
On June 1st, the so-called “Stock God” Serenity shared that shares of Arm Holdings (ARM.US)—a stock he initially bought at $134 apiece—have skyrocketed to $354. While the firm’s original $15 billion annual revenue target first struck him as “a bit crazy,” Serenity now says that goal looks entirely reasonable.
Key catalysts driving ARM’s recent upside include NVIDIA’s launch of new processors built on ARM architecture at Computex, and a Counterpoint Research forecast projecting ARM’s CPU market share in AI ASIC servers will jump from 25% in 2025 to 90% by 2029. Major tech players including Google, AWS, Meta, Microsoft, and OpenAI are all aligned with ARM’s ecosystem, per Serenity, who added that all signs point to positive momentum ahead for the chip designer—and that he remains extremely bullish on ARM.
Back on April 21st, Serenity was already vocal in his bullish stance on ARM, arguing that agentic AI will make workflows increasingly complex, shifting latency bottlenecks from GPUs t
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This Week's Unlock Schedule: HYPE, ENA, EIGEN, and Others Will Experience a Large One-Time Token Unlock
June 1: According to data from Token Unlocks, several tokens will see one-time unlocks this week, including EIGEN, ENA, OPN, HYPE, and RED. Here’s the breakdown of unlock details:
- EIGEN: Approximately $7.75 million worth of tokens unlock on June 1, accounting for 6.55% of its total supply.
- ENA: Roughly $3.57 million in tokens unlock on June 2, equal to 2.57% of its total supply.
- OPN: Around $4.32 million worth of tokens are set to unlock on June 5, representing 10.89% of its total supply.
- HYPE: A massive one-time unlock totaling $713.8 million in tokens is scheduled for June 5, making up 2.54% of its total supply.
- RED: Approximately $4.9 million in tokens unlock on June 6, accounting for 10.87% of its total supply.
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White Hat Researcher Unlocks ICO Contract Stuck for Nearly 9 Years, Worth Around $2 Million ETH
On June 1st, security researcher Florent successfully unlocked roughly 1,003 ETH trapped in the 2016 HongCoin (HONG) ICO contract after nearly nine years — funds currently valued at around $2 million — by addressing an early Solidity code flaw.
The bug stemmed from a global counter in the contract that had restricted the refund function, preventing most original investors from retrieving their ETH. Working closely with the HongCoin team, Florent leveraged the contract’s minting function to enable 48 original investors to submit refund requests. The process took approximately one week, and all actions were signed off on by the team, with no unilateral hacking involved, per Florent.
To date, two of the eligible investors have collectively withdrawn 96.5 ETH, and voluntarily sent a white hat bounty to Florent. In a statement, Florent noted that old contracts lacking ownership takeover vulnerabilities are typically not lucrative for malicious hackers, with only original investors standin
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