Trump: Fed Has No Reason to Raise Interest Rates

On June 7th, HyperInsight’s monitoring shows that the address controlled by Garrett Jin—agent for the "BTC OG Whale Insider"—closed a ZEC short position 10 minutes ago, locking in a profit of $11.24 million. Currently, this address maintains a 5x leveraged long position of 1268.33 BTC, with an unrealized loss of $18.17 million.

On June 7th, trader Eugene Ng Ah Sio announced on his personal channel that he has mostly exited the cryptocurrency market since May 13 this year, shifting his focus to stock market research. He noted the stock market is more attractive than the current crypto space, offering deeper research opportunities, greater cognitive challenges, and more robust trading and investment potential. Based on his latest assessment of the industry landscape, he plans to stick to this strategy for the foreseeable future—only keeping an eye on crypto industry trends instead of actively participating in trading. Eugene further stated he has no plans to re-enter the crypto market unless an extremely compelling risk-reward opportunity emerges, which he has not identified yet. He added that the crypto market’s development trajectory is weakening its appeal as a trading and investment field, so he will prioritize the traditional stock market in the short term. Regarding his approach, Eugene pointed out tha

**June 7** — NVIDIA (NVDA.O) CEO Jensen Huang revealed that the company’s upcoming Vera central processing unit (CPU) will use storage chips from SK Hynix, with the two tech giants eyeing expanded collaborations next year. Huang told reporters in Seoul on Sunday that he’d dined with SK’s top leadership that same day: SK Group Chairman Choi Tae-won, SK Hynix CEO Lee Seok-Hee, and executives from SK Telecom. “Our partnership with SK Hynix is already running at a large scale this year,” he stated. “We’re also preparing for even bigger joint projects in the second half of 2024 and next year. The Vera CPU—our revolutionary new central processor—will rely on SK Hynix’s DRAM memory as well.” Vera marks NVIDIA’s first independent data center microprocessor, built to compete with offerings like Intel’s Xeon line, AMD’s EPYC chips, and custom silicon from major players such as Amazon’s Graviton. Huang arrived in Korea on Friday to visit partners and suppliers. He’s set to meet with Samsung El

On June 7, Standard & Poor’s Dow Jones Indices announced its latest quarterly index adjustments. Artificial intelligence (AI) infrastructure concept stock Marvell Technology (MRVL.US) and electronics manufacturing services giant Flex Ltd. (FLEX.US) will officially be added to the S&P 500 Index, replacing pool equipment manufacturer Pool Corp. (Pool.US) and food company Campbell Soup Co. (CPB.US). The announcement confirmed the changes will take effect prior to the market opening on June 22.

June 7 — Strategy CEO Phong Le stated that the firm has been steadily growing its Bitcoin reserves and boosting Bitcoin holdings on a per-share basis, noting all other related claims are nothing more than rumors.

**June 7: Ethereum co-founder and ConsenSys CEO Joe Lubin emphasized that recent controversies surrounding the Ethereum Foundation (EF)—including budget cuts, staff departures, and leadership adjustments—do not signal a crisis for the organization, but rather mark a necessary step in its evolution. Lubin stated the EF should prioritize maintaining Ethereum’s core technology and values while preserving its "trusted neutrality," with tasks like ecosystem expansion, institutional partnerships, and commercialization left to other entities to avoid conflicts of interest between protocol development and commercial goals.** **Responding to external skepticism about the Foundation’s reforms, Lubin noted much criticism stems from misperceptions of the EF’s role. He explained the Ethereum Foundation is advancing a clearer separation between protocol governance and commercial operations. The future Ethereum ecosystem won’t be dominated by a single entity; instead, multiple organizations will tak