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On June 4, U.S. Treasury Secretary Janet Yellen continued to express the same assessment regarding recent inflation trends in Congress and public appearances: the current price increases are primarily due to short-term shocks rather than structural issues. During a Senate Finance Committee hearing, she stated clearly, "Aside from inflation—I believe this will be a short-term disruption—other economic data is very strong." This statement continues her previous definitions regarding the nature of rising prices. Data from April showed that due to heightened energy costs stemming from tensions in the Strait of Hormuz, the overall Consumer Price Index (CPI) in the U.S. rose by 3.8% year-on-year, marking the largest increase in 2023. Yellen attributed this change to supply shocks caused by the conflict in Iran and repeatedly emphasized its one-time nature. In May, she explained, "I firmly believe that nothing is more temporary than supply shocks." In a White House cabinet meeting, she provided the same assessment, believing that as the conflict ends, energy prices will decline, stating, "When all of this is over, oil prices will be below pre-conflict levels," while also noting that natural gas prices have already begun to decrease. Similar views are reflected in her interpretation of financial markets. Yellen previously mentioned that the rise in global bond yields reflects "what I believe to be fleeting short-term inflationary fluctuations"; in another cabinet meeting, she emphasized, "I believe the rise in prices is temporary."

According to Foresight News, based on data from SoSoValue, yesterday (June 3, Eastern Time) the total daily net outflow of XRP spot ETFs was 5.3449 million US dollars. The XRP spot ETF with the largest net outflow yesterday was Bitwise XRP ETF (XRP), with a daily net outflow of 4.0561 million US dollars, and its current historical total net inflow has reached 467 million US dollars. The next biggest was Grayscale XRP Trust ETF (GXRP), with a daily net outflow of 699,400 US dollars, and its current historical total net inflow has reached 129 million US dollars. As of the time of writing, the total net asset value of XRP spot ETFs is 1.03 billion US dollars, the XRP net asset ratio is 1.39%, and the cumulative historical net inflow has reached 1.421 billion US dollars.

Glonghui, June 4th｜South Korea’s Kospi index fell as much as 2.5% after rising for three consecutive trading days, with two heavyweight stocks, SK Hynix and Samsung Electronics, both posting major declines. Samsung Electronics’ share price dropped as much as 3.5%, while SK Hynix fell by 4.2%. Earlier, Broadcom’s forecast for AI chip revenue came in below expectations. So far this year, the Kospi index is still up 105%. After the holiday break, trading resumed with the Korean won falling to its lowest level against the US dollar in more than two months. USD/KRW rose as much as 0.7% to 1,530.05, the highest level since March 31. At a meeting on Thursday, Korean Finance Minister Choo Kyung-ho stated that South Korea remains highly vigilant regarding the foreign exchange market, and authorities will take immediate and necessary measures to respond to excessive one-sided volatility. In the bond market, given that recent global market synchronization has increased volatility in government bond yields, relevant departments will closely monitor market conditions, coordinate actions with related agencies, and respond swiftly to excessive volatility as needed through close communication with market participants. Considering the recent surge in margin-based stock trading, relevant departments will regularly monitor related market trends, and ensure proactive risk management and investor protection.