Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

On June 19th, trade.xyz acquired the ZHIPU code from HIP-3 earlier today. The platform may roll out perpetual contract trading for Hong Kong-listed Zhipu (HKG: 2513) in the coming days.

June 19 — Goldman Sachs has slashed its year-end gold price forecast by $500 per ounce, as the firm no longer projects a Federal Reserve rate cut in 2026, according to a new report from analysts Lina Thomas and Daan Struyven. In their note, the pair revised their December gold price target down to $4,900 per ounce. While gold is still expected to climb in the second half of the year, those gains won’t be as steep as initially anticipated. The analysts maintained a structurally constructive long-term outlook for gold but adopted a cautious tactical stance, highlighting near-term downside risks alongside medium-term upside potential. The revision stems from two core shifts: Goldman Sachs economists pushed back their U.S. rate cut expectations to June and December of next year, moving away from their prior forecast of a cut in December 2026 and March 2027. The firm also lowered its projection for gold exchange-traded fund (ETF) inflows. Additionally, the analysts noted that concerns ove

June 19: Per Bitget market data, the Nikkei 225 index fell below the 71,000 point threshold, logging an intraday decline of 0.11%. South Korea’s KOSPI index slid below the 9,000 point level, closing down 0.73% on the day, after rallying more than 3% earlier in the session.

June 19 — CryptoQuant analyst Crazzyblockk noted that Binance’s Bitcoin (BTC) perpetual contract funding rate is 370 basis points lower than the median of OKX, Bybit, and three other top-tier exchanges, placing it in the bottom 2.8% of historical data dating back to 2021. This signals Binance traders overall hold a significant short position, per his analysis. Meanwhile, retail buying sentiment has surged sharply. The Taker Buy Sell Aggression Index (TBSAI) Z-score has jumped from -1.85 standard deviations in mid-May to +0.809 standard deviations now — a 2.66 standard deviation improvement over the past 30 days, indicating the market is actively buying dips. However, whale fund flows are diverging sharply from retail behavior. The Investor Whale Concentration Ratio (IWCR) currently sits at +0.1024, a level in the top 22.5% of historical readings, meaning large wallet addresses have been consistently net-selling in recent weeks. This creates a clear market dynamic: retail is scooping

June 19th, per OnchainLens monitoring: a whale address has once again invested $11.816 million to buy 7,000 ETH. Over the past 10 days, this whale has shelled out roughly $29.76 million in total for 17,800 ETH, with an average purchase price of around $1,672 per ETH.

June 19 — Official sources confirm that cryptocurrency exchange CoinUp has announced it will officially launch the CoinUp Alpha (CPA) Initial Exchange Offering (IEO) at 12:00 (UTC+8) on June 19. CPA is the native token of the CoinUp ecosystem, built to support the growth of various application use cases including DeFi, AI, and GameFi. The IEO implements an "automatic refund for oversubscribed funds" mechanism and uses a "fair distribution" model to ensure all participants get equal access to token allocations. Per the official timeline, IEO subscriptions will run from 12:00 (UTC+8) on June 19 to 14:00 (UTC+8) on June 20. Token distribution will wrap up between 16:00 and 18:00 (UTC+8) on June 20, with CPA trading scheduled to kick off at 20:00 (UTC+8) on the same day.