News

⑴ A dense release of U.S. economic data is scheduled for this week. On Monday, the May Employment Trends Index and the first quarter industry and retail financial reports will be published. On Tuesday, key focus will be on the international trade deficit for April, which is expected to narrow from $60.31 billion to $56 billion. Existing home sales in May are projected to rise slightly from 4.02 million to 4.05 million units.⑵ Wednesday will bring the most crucial inflation data of the week: May CPI month-on-month is expected to increase by 0.5% (previous value 0.6%); core CPI month-on-month is expected to rise by 0.3% (previous value 0.4%); CPI year-on-year is predicted to go up from 3.8% to 4.2%, and core CPI year-on-year is forecasted to increase from 2.8% to 2.9%. The EIA weekly oil inventory report and the Treasury Department’s monthly statement will also be released on the same day.⑶ On Thursday, initial jobless claims will be published, expected to decrease from 225,000 to 220,000. May PPI month-on-month is forecasted to rise by 0.6% (previous value 1.4%), and core PPI month-on-month is expected to grow by 0.4% (previous value 1%). On Friday, the preliminary University of Michigan Consumer Sentiment Index for June will be released, expected to drop from 48.2 to 45.5. From a trading psychology perspective, if the CPI data rises above expectations, it will further reinforce market bets on Federal Reserve rate hikes and may trigger declines in both stocks and bonds; if the data is moderate, it could ease the recent tightening panic caused by employment data. Going forward, attention will be paid to the transmission of energy prices caused by the situation in the Middle East and the evolution of market expectations ahead of next week's FOMC meeting.

The United Nations Development Programme (UNDP) recently announced at Proof of Talk 2026 in Paris the establishment of the Blockchain Advisory Group (BAG), focusing on leveraging blockchain technology to optimize public systems and governance development. The inaugural meeting was hosted by UNDP Deputy Director Xu Haoliang, with an in-depth discussion centering on inclusive finance and digital finance. Participants examined obstacles such as fragmented payment systems, restrictions on digital identity, lack of interoperability, and institutional readiness, while evaluating how blockchain could complement existing digital public infrastructure to improve financial accessibility, efficiency, and transparency. BAG plans to hold meetings twice a year, promoting cooperation with the blockchain ecosystem around themes such as digital governance and public trust, legal identity and inclusive society, digital financial services, climate and traceable accountability, digital labor and the future of work. Current members include the Ethereum Foundation, Filecoin Foundation, Stellar Development Foundation, Algorand Foundation, Arbitrum Foundation, Celo Foundation, Web3 Foundation, and a certain exchange, totaling 26 institutions.

BlockBeats News, June 8th, according to Hyperinsight monitoring, following the news of an upcoming long-term partnership between NVIDIA and SK Hynix, a whale on Hyperliquid entered the market at 7:50 am today, going long on SKHYNIX with 2x leverage. At that time, the market had not fully digested the news, and the price of SKHYNIX was still hovering around $1200. As the positive effect of the partnership continued to unfold, the address kept accumulating during the uptrend, gradually increasing its position to $3.8 million, with the overall average position price rising to $1239. Subsequently, SKHYNIX briefly surged to a high of $1300. At the time of writing, the address's unrealized gains had reached $140,000. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b