Lookonchain APP

App Store

U.S. Employment Data Boosts Rate Hike Expectations, Gold Price Under Pressure and Gives Up Year-to-Date Gains

2 hours ago

June 6: Fueled by strong U.S. jobs data, markets are broadly expecting the Federal Reserve to raise interest rates this year—placing heavy pressure on gold and wiping out all of its gains so far this year. During the U.S. trading session, spot gold fell around 3.5%, dropping below $4,320 per ounce and failing to sustain its earlier upward trend. At the same time, bond yields and the U.S. dollar both climbed. The robust labor market has given Federal Reserve officials room to implement rate hikes, even as Middle East tensions push energy prices higher. Higher interest rates tend to weigh negatively on non-yielding precious metals. (Golden Finance)
Relevant content

The Kingdom of Bhutan Government Transfers 738 BTC to a New Wallet

On June 6, according to monitoring by Onchain Lens, the Government of the Kingdom of Bhutan transferred 738 BTC to a newly created wallet valued at around $45 million.

2 minutes ago

Iran Claims Responsibility for Second Attack on US Fifth Fleet Base

June 6 (Local Time) – Iran’s Islamic Revolutionary Guard Corps (IRGC) released a statement Thursday (June 6) that at 1:30 a.m. local time, four unauthorized oil tankers “goaded and directed by the U.S. military” attempted to illegally exit the Strait of Hormuz, disregarding warnings from the IRGC Navy. After the guard’s alert, one tanker was intercepted while the remaining vessels turned back. At 2:00 a.m. that same day, a U.S. drone fired on communication facilities in Iran’s Qeshm Island and Sirik Port, according to the statement. In response to the U.S. military’s aggression, the IRGC Aerospace Force immediately launched ballistic missiles, striking a U.S. Air Force base in Kuwait and key facilities of the U.S. Navy Fifth Fleet in Bahrain. The IRGC emphasized in the statement that it warned the enemy: “If such misconduct is repeated, a limited response will no longer suffice, and the enemy will have to bear the consequences of a complete halt to oil and gas exports through the St

2 minutes ago

A whale swapped 775.56 WBTC for 29,920.09 WETH 7 hours ago.

On June 6, according to on-chain analyst Ai Whale (@ai_9684xtpa), a crypto whale transferred 775.56 WBTC (worth $47.13 million) to 29,920.09 WETH roughly 7 hours ago, at an average price of $1,575 per WETH.

2 minutes ago

An OTC Whale has once again purchased 29,000 ETH from FalconX, equivalent to $46.69 million.

On June 6, monitoring from Onchain Lens showed that a certain over-the-counter (OTC) whale—wallet address 0xFB7—made another purchase of 29,000 ETH from FalconX, worth approximately $46.69 million. At present, the whale holds 151,588 wsETH, equivalent to around 187,460 ETH, totaling about $2.9619 billion.

2 minutes ago

Hong Kong Monetary Authority: Banking Sector Has Implemented Latest Regulatory Requirements to Ensure Compliance and Orderly Account Opening Process

HONG KONG, June 6 — A spokesperson for the Hong Kong Monetary Authority (HKMA) told Radio Television Hong Kong (RTHK)’s website that the Hong Kong regulator consistently maintains close, regular communication with mainland Chinese financial authorities. The remarks respond to a recent circular from Hong Kong’s Securities and Futures Commission (SFC) requiring brokers to take enhanced measures for opening and managing accounts belonging to mainland Chinese investors. The HKMA has also ordered Hong Kong banks to uphold the same high business standards outlined in that SFC circular, the spokesperson added. Banks across Hong Kong have already implemented the HKMA’s latest regulatory requirements to ensure compliant, orderly account-opening processes, per the spokesperson. The HKMA further emphasized that Hong Kong banks have long followed rigorous onboarding procedures as standard regulatory practice. Mainland residents may use various legitimate cross-border investment channels to allo

2 minutes ago

The Iran Revolutionary Guard Corps Claims Responsibility for Hitting a US Military Base

June 6 – According to Iran’s Tasnim News Agency, the Public Relations Department of the Islamic Revolutionary Guard Corps (IRGC) announced that air-to-surface missiles were used to strike enemy bases in the region in response to U.S. military aggression against Sirik and Qeshm Island. The report is cited via Caijing.

2 minutes ago