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BlockBeats News, June 25th, Cathie Wood, the founder of Ark Invest, stated in a post that during her Asia and Europe tour, she noticed that investors still have strong concerns about inflation. However, she believes that inflation may recede significantly, and the reason is not just the fall in oil prices. Measured by unit labor costs, the year-on-year inflation in the United States has dropped to 0.5%. Cathie Wood stated that, as demonstrated in the 1980s and 1990s, productivity is a powerful force against inflation. US first-quarter productivity grew by about 3% year-on-year, and hourly wages grew by 3.5% year-on-year, resulting in "potential inflation" of 0.5% and no cost-push inflation. Truflation, an index that tracks in real-time the prices of thousands of consumer goods and services, has dropped from 11% year-on-year in 2022 to 1.8%, and core Truflation has dropped to 1.4%. Based on five studies commissioned by Kevin Warsh, she believes that Warsh not only understands the role of productivity in the inflation decline but also the flaws in government inflation statistics. While others expect interest rates to rise earlier than a few months ago, Warsh will deliver a master class in monetary policy to the financial markets.

Glonghui, June 25th｜During the global financial crisis, hedge fund manager Lee Robinson made a timely short bet on the US subprime mortgage market, turning a $20 million position into $200 million and achieving a return as high as 900%. Now, he believes risks are accumulating in the private credit sector and new opportunities have emerged. However, instead of directly shorting this sector, he is focusing on the potential secondary effects, shorting some of the largest backers of this $1.8 trillion market — insurance companies. Robinson is ramping up bearish bets against several companies using credit default swaps, including Lincoln National Corp., MetLife Inc., and even Berkshire Hathaway. Credit default swaps are derivative contracts designed to provide investors with default protection. His firm, Altana, is launching a new fund and will participate with its own capital to hedge what he sees as the inevitable downturn in private credit, a cooling AI boom, and the impact of declining liquidity on corporate valuations.

US House Representative French Hill stated on Fox News that the Bitcoin Clarity Act will receive enough votes and become law. (The Bitcoin Historian)