jiahezz

The U.S. unemployment rate in May was 4.3%, not yet reaching the line Morgan Stanley mentioned. But the problem is that inflation is already here: PCE is 4.1% year-over-year, and core PCE is 3.4% year-over-year—neither of which are numbers the Fed can easily move past.
Morgan Stanley was very restrained this time: the base case is still that the Fed will stay on hold for the rest of the year. The real trigger condition is if the unemployment rate drops below 4% or core inflation continues to hover above 0.3% month-over-month.
In market language: as long as employment heats up a bit more and in

According to SoSoValue data, as of June 25 Eastern Time, the U.S. HYPE spot ETF had a net inflow of $108 million in a single day. The real standout was Grayscale's HYPG: a single-day net inflow of $113 million, pushing its historical net inflow directly to $123 million.
Signals emerging: Funds are not evenly buying into the entire HYPE ETF sector but are concentrating on Grayscale's product with a staking design.
More critical is the next step. Grayscale's HYPG then deposited 1.77 million HYPE into staking, valued at approximately $114 million. That means this ETF isn't just "buying and holdin

In May, U.S. PCE rose 4.1% year-over-year, and core PCE rose 3.4% year-over-year. The numbers didn't blow up, but they confirmed one thing: inflation is not a passing breeze; it has returned to the highs seen since 2023, and the bigger problem is the structure.
The oil price shock is of course a clear signal—as tensions rise in the Middle East, energy prices push the data up first. But what the market really fears is that even after oil prices fall, the core components won't come down. Service prices, commodity costs from tariffs, and demand for tech hardware driven by AI investment are all pr

The Federal Reserve did not cut interest rates this time.
Waller presided over the FOMC for the first time, and the benchmark interest rate remained unchanged at 3.50%-3.75%.
But what really makes the market uncomfortable is not "no cut," but the hawkish signals after the meeting.
The dot plot shows that nearly half of the officials expect at least one more rate hike this year.
Waller did not submit a personal interest rate forecast and also began to weaken the previous forward guidance.
This essentially tells the market not to pre-write a rate cut script for the Fed anymore.
Bitco

June 17th matches:
1. France vs Senegal: France 2-1, but not a guaranteed win. Senegal's physicality, speed, and counterattack are enough; if France doesn't open up in the first 30 minutes, the risk of a 1-1 draw is not low.
2. Iraq vs Norway: Norway 2-0. The most straightforward match of the four, with Haaland and Ødegaard's ceiling on display, but if Iraq plays defensively, they might not be beaten by a large margin.
3. Argentina vs Algeria: Argentina 2-0. Argentina has a higher chance of winning but not aiming for a big victory. The pressure of the first match, Algeria's counterattack speed

Little Red Book (Xiaohongshu) has once again reported Hong Kong IPO rumors.
According to Bloomberg, Xiaohongshu is preparing to submit an IPO application to the Hong Kong Stock Exchange as early as the end of June in a confidential manner.
This is not yet the official filing stage, and details such as issuance scale, listing time, and valuation have not been finalized. If this move continues to develop, it could be one of the most watched tech IPOs in the Hong Kong market in recent years.
Xiaohongshu is quite a unique company; it is not purely an e-commerce platform nor a traditional soc