Hot coin trend: ZEC has placed a market order worth $1.54 million

On chain analysis platform Bubblemaps stated that VELVET deployers' associated addresses transferred a large amount of tokens to centralized exchanges before the token crash. The token creator's associated address received 72 million VELVETs (approximately $25 million) in March and transferred approximately $2.5 million in tokens to the exchange between June 6th and 9th. The project party did not provide an explanation for the transfer and only described the price fluctuations as "speculative behavior".

Goldman Sachs released a research report stating that the Federal Reserve will maintain the federal funds rate unchanged at its June meeting and remove forward-looking guidance on interest rate cuts, only removing statements about adjustments to the federal funds rate in its statement. AI interpretation: The Federal Reserve has completely ended the market's illusion of a short-term shift in monetary policy by removing forward guidance for interest rate cuts. This decision clearly sends a hawkish signal that interest rates will remain high for a longer period of time. The financial environment will face greater pressure due to expectations of tightening liquidity, forcing asset pricing logic to return to normalized high interest rates. This move directly blocks the policy space for recent interest rate cuts, forcing the market to reassess the duration of the tightening cycle.

San Francisco federal judge Rita Lin dismissed xAI's trade secret lawsuit against OpenAI and ruled that xAI cannot sue again. The judge determined that xAI cannot prove that OpenAI instigated former xAI engineer Li Xuechen to leak confidential information about the Grok chatbot, and that interviewing job seekers about their past work experience is a common industry practice. OpenAI declares that Li Xuechen has not been employed and OpenAI has not obtained xAI secrets. On May 18th, a federal jury ruled against Musk in a lawsuit accusing OpenAI and Sam Altman of deviating from their non-profit intentions and seeking $150 billion in compensation.

According to Token Terminal data, Ethereum's staking rate has reached a historic high of 32.7%. （Cointelegraph）

Charu Chanana, Chief Investment Strategist of Shengbao Bank, stated that the Bank of Japan's policies are insufficient to force a significant appreciation of the yen, and the US dollar is in a fragile state against the yen around 160. The Bank of Japan's interest rate hike cannot compensate for the yield gap between the United States and Japan, and the 7-1 vote weakened market signals. If the US dollar remains above 160 against the Japanese yen, intervention risks still exist.