Economist: Powell's Favorite Unconventional Inflation Gauge "Unreliable," Hopes for Challenge

**Date: June 16** Per Hyperinsight Monitoring (https://t.me/HyperInsight), as of 18:00 on June 16, in Hyperliquid’s HIP-3 U.S. Stock Market, SPCX (SpaceX) paced all gainers with a 7.25% 12-hour jump, trading at $211.39 at press time. Its 24-hour trading volume hit $1.129 billion. Among the top five gainers, four came from the storage and chip sector: Western Digital (WDC) climbed 5.20% over 12 hours to take second place; Micron Technology (MU) saw a 3.34% 12-hour gain and a 3.62% pre-market advance, leading pre-market trading; the DRAM spot index rose 1.98%; SK Hynix (SKHX) added 1.77%, showing broad momentum across the storage industry chain.

June 16: Pre-market trading in U.S. crypto-related stocks was mixed, according to Bitget market data. Here are the key movements for major tickers: - MSTR: +0.66% - COIN: +0.48% - CRCL: +1.20% - SBET: -0.17% - BMNR: -0.41% - HOOD: +1.70% - PURR (HYPE Treasury Company): +11.24%

June 16 — Stablecoin issuer Tether has entered into a partnership memorandum of understanding (MoU) with the Dubai Multi Commodities Centre (DMCC) to explore collaboration on three key areas: tokenization, digital asset education, and blockchain applications. DMCC, one of the world’s leading commercial hubs, hosts more than 26,000 businesses that make up 15% of Dubai’s total foreign direct investment (FDI). Under the MoU, Tether will deliver specialized workshops, blockchain advisory services, and digital asset pilot projects to companies in DMCC’s network. The pair will also look to enhance the DMCC community experience via a peer-to-peer digital payment system, and support knowledge sharing and innovation at the DMCC Crypto Center — including co-hosting events and hackathons. Tether CEO Paolo Ardoino noted that the UAE is actively integrating digital asset infrastructure into the global market and real economy. He added that this partnership aims to accelerate the practical applica

June 16. The market’s focus has gradually shifted from the Middle East conflict itself to fund reallocations following the peace agreement. As Trump arrives in Europe for the G7 summit, both the U.S. and Iran have confirmed they will sign a memorandum of understanding on the 19th, with progress ongoing to reopen the Strait of Hormuz. But per Mitsui O.S.K. Lines— the world’s largest oil tanker operator— the market no longer cares if the deal gets signed; its attention is now on whether shipping, insurance, and the energy supply chain can return to normal operations. This explains why oil prices have fallen recently, stocks have climbed, but shipping companies remain cautious: risk events are receding, yet the risk premium hasn’t fully disappeared. From a macro perspective, global markets are grappling with three intersecting capital trends. First, inflation expectations are adjusting amid lower energy risk. If the U.S.-Iran agreement is implemented smoothly, it will help cut energy an

**Binance Extends Zero-Fee Custody Promotion for Institutional/VIP Clients Through 2026** On June 16, Binance announced it is extending its zero-fee promotion for bank-backed third-party custody services for institutional and VIP clients, pushing the effective deadline roughly six months beyond its original schedule to December 31, 2026. Starting January 1, 2027, the platform will roll out a new tiered fee structure, with all fee tiers receiving a 2.5% reduction from prior rates. The annual percentage rates (APR) will be tied to clients’ pledged collateral levels as follows: 1.000% for collateral up to $50 million; 0.500% for $50 million to $100 million; 0.250% for $100 million to $500 million; and 0.100% for collateral exceeding $500 million. Binance’s bank third-party custody service launched in November 2023 as the world’s first crypto exchange-led third-party custody offering. The service lets institutional clients deposit collateral (including fiat, U.S. Treasury bonds, Ba

June 16 — U.S. President Trump stated Tuesday that the deal reached with Iran explicitly bans Tehran from developing nuclear weapons. During his remarks at the G7 summit in France, he emphasized, “The one thing most critical to me is: Iran, the lifeblood of this region, will never be allowed to obtain nuclear weapons. The deal is crystal clear on that.” He added that if the Iranian government ever attempts to develop nuclear arms, Iran will face a “hell of a blow.”