News

The Central Bank of Norway will sell 2 billion Norwegian kroner worth of NST 490 and NST 485 bonds on June 24.

BlockBeats News, June 22, Pendle released its weekly review, focused on the protocol anniversary, cross-chain expansion, growth of yield products, and ongoing ecosystem collaboration. Key highlights are as follows: · Pendle celebrates its 5th anniversary. Transitioning from the early experimental version V1 to V2, it has become the world’s largest yield trading platform. The team reviewed the evolution over five years and stated that future expansion of yield infrastructure capabilities will continue. · Pendle officially launches on the Monad ecosystem, opening two initial AUSD yield pools (Agora AUSD and Upshift earnAUSD), with up to $100,000 weekly incentives, further expanding liquidity markets on new chains. · Pendle Intern released 10 bullish reasons, including enhanced institutional adoption (such as inclusion on multiple institutional watchlists), continued RWA growth, Monad ecosystem expansion, anticipated CLARITY Act boosting DeFi usage, strengthened buyback mechanism, optimized deflationary model, as well as the narrative of AI agent financial infrastructure. · Sky Money’s fixed yield TVL surpassed $51 million. Current fixed yield products built on Pendle offer around 5.15% APY, further strengthening large-scale application of yield assets. · Aave and Pendle continue to deepen integration: Aave V3 has launched PT-sUSDe (Plasma chain); the proposal for launching PT-srUSDe has passed and is pending execution; meanwhile, PT-USDG is also advancing in the Aave V4 ecosystem. · On-chain data platform DeFiLlama shows Pendle ranks among the top for protocol revenue growth over the past 7 days, reflecting ongoing increases in yield trading and fixed yield demand. · Boros launches a new limit order incentive mechanism: market makers can receive a 20% share of taker fees, combined with the original incentive system to enhance order book depth and capital efficiency, optimizing liquidity structure in the funding rate market.

⑴ Deutsche Bank's analysis indicates that the repricing of Federal Reserve policy and the resilience of US macro data are the main factors suppressing gold's downside recently. This divergence has been more evident compared to oil prices over the past month, with gold currently trading near $4,206 per ounce.⑵ Deutsche Bank's baseline scenario expects that if the Federal Reserve remains on hold indefinitely near neutral interest rate levels, gold prices may rebound to $4,800 in the fourth quarter; in a risk scenario of three to four rate hikes by the Fed, gold could fall to $3,800.⑶ The first FOMC meeting under Chair Walsh did not show resistance to market expectations of rate hikes, and the post-meeting press conference emphasized the possibility of a further hawkish shift. The Taylor Rule estimated value is about 80 basis points higher than current market pricing, providing quantitative support for a hawkish stance.⑷ Investment demand lacks support, with ETFs continuing to see outflows after the May Nonfarm Payrolls report. Futures open interest is at a seventeen-year low, and net long positions are closer to the annual low than the high. Unless the Federal Reserve pivots or physical demand re-enters the market, gold is likely to remain weak in the short term.