Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

June 8 update: According to today's on-chain analyst monitoring, an address linked to BitMEX co-founder Arthur Hayes purchased 33,979 HYPE tokens. Hayes countered the claim, stating, "No buy orders have been placed as of yet."

June 8 — According to Caixin, the High Court of Justice for England and Wales held a procedural hearing on June 5 concerning asset disposal for the Qian Zhimin case. Approximately 16,000 Chinese victims have registered through multiple U.K. law firms to participate in civil recovery proceedings under the U.K.’s Proceeds of Crime Act; the registration window closed on May 22. This number accounts for less than 13% of the total roughly 128,000 victims of the Blue Sky Capital case, and further deduplication is required.

June 8 — According to market data, last Friday, the so-called "White-Haired Stock God" Ning Jing publicly expressed bullishness on harmonic patterns, sparking a 20% surge that triggered a trading halt. The stock extended its upward momentum today, surging over 10% intraday to a new all-time high of 436 RMB.

June 8 — According to monitoring from Hyperinsight (via its Telegram channel at t.me/HyperInsight), Trade.xyz’s traditional asset contracts deployed under HIP-3 recorded total trading volume of $15.72 billion during the latest cycle, with a daily peak volume of $4 billion. Trade.xyz’s on-chain contract trading already makes up roughly 0.201% of the overall traditional market, and the platform processed $807 million in transactions over the weekend. ### Commodity Volumes: - WTI and Brent Crude Oil: Benchmarked to corresponding NYMEX futures continuous contracts, Trade.xyz’s crude oil contract trading volume reached approximately 2.3% of total market activity, with a combined weekly volume of $3.16 billion. - Silver: Benchmarked to the iShares Silver ETF (ticker: SLV), the platform’s silver trading volume hit roughly 11.1% of total market volume, totaling $660 million weekly. ### U.S. Stocks: In terms of weekly trading volume, Trade.xyz’s corresponding contracts for two top-traded U.S.

June 8, per a report from *Sing Tao Daily*, the quadrennial World Cup kicks off on June 11. The Hong Kong Police Force (HKPF) anticipates a surge in illegal gambling activities during the tournament. To counter this, the force has launched Operation "Gobi and Wind Shield" to crack down on illegal online gambling, while ramping up public education and awareness efforts—particularly targeting young people. The HKPF noted that in recent years, illegal gambling has grown increasingly digitalized in its promotion, communication, and betting methods. Some operators even use virtual currencies for betting transactions to evade law enforcement detection. Even so, the police still have the capability to trace participants and urge the public to refrain from engaging in online gambling. During the 2024 UEFA European Championship, the HKPF arrested 735 individuals via Operation "Gobi and Wind Shield". For the 2022 World Cup, that number was 1,104. Last year alone, the force uncovered 374 major

June 8 — Bloomberg reports that Chinese AI startup Moonshot AI is seeking a new funding round of up to $2 billion, which could push the company’s valuation to $30 billion. This move would mark its third financing round in six months, as it races to keep pace with China’s increasingly fierce artificial intelligence competition. The developer behind the popular Kimi chatbot has held preliminary talks with potential investors, with plans to raise more than $1 billion, per sources familiar with the matter. These discussions come as Moonshot nears the close of a financing round led by Meituan, which will set its valuation at $20 billion once finalized. If Moonshot hits its latest funding target, its valuation would jump roughly 7x from the over $4 billion it held as of December this year. Click the original article link below to join BlockBeats’ Feishu AI News channel, which tracks global AI trends and news 24/7.