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

June 10 – Iran’s top joint military command has announced it targeted several U.S. military bases in the region in response to what it calls the U.S.’s "aggression against southern Iran." The command warned that if the U.S. keeps up its hostile actions, it will deliver a harsher response. Source: FX168

June 10 – Per Bitget’s market data, spot gold continued its downward trend, falling below $4,200 per ounce for the first time since March 23, notching an intraday loss of 1.4%.

June 10 — According to The Wall Street Journal, U.S. prediction market platform Kalshi plans to implement new rules in the coming weeks that will mandate users in certain sensitive prediction markets to disclose their employer information, a move designed to enhance monitoring of insider trading and market manipulation. Under these upcoming rules, participants in markets focused on corporate performance, national security, and geopolitical events — such as markets related to the Iran conflict, where users could have access to material non-public information — will be required to submit their employer details before trading. Kalshi stated that it does not routinely verify the information users provide on its own. Instead, if suspicious trading behavior is detected, the platform will launch an investigation and request employment verification from the involved users. In its latest Audit Committee report, Kalshi disclosed that the platform submitted more than 20 reports of suspicious tr

June 10 – Per Decrypt, Geoffrey K. Auyeung, a Seattle-area resident in Washington state, has been sentenced to five years in federal prison for his role in a cryptocurrency money laundering scheme linked to an oil and natural gas investment fraud. Prosecutors state that between 2022 and 2024, Auyeung assisted a criminal group in defrauding victims, with total losses totaling approximately $97.1 million. Auyeung’s job involved receiving the proceeds from the fraud and transferring them to his accomplices by converting the funds into cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) to hide the money’s trail. Even after being arrested and charged, prosecutors add, he still communicated with his co-conspirators and received illegal payments through his wife’s bank account. Investigations revealed Auyeung earned at least around $4 million in commissions. Authorities have seized over $2.3 million in bank deposits, roughly $7.1 million worth of cryptoc

June 10 — On-chain analyst ai_9684xtpa reports a whale that previously shorted Ethereum (ETH) via borrowing is taking partial profits, according to monitoring. Between June 8 and 9, the wallet address in question amassed approximately $132 million in stablecoins on Aave, borrowed 35,000 ETH, and sold it at an average price of $1,672. Two hours ago, the whale withdrew 7,000 ETH from Binance to repay its Aave loan. Using the earlier average selling price, this partial position has locked in around $190,000 in profits. Currently, the address still holds roughly 28,000 ETH in outstanding borrowed funds left to repay, which forms its remaining short position. On-chain data shows the peak size of this borrowing-and-shorting cycle was about $58.5 million.

June 10 — According to Onchain Lens monitoring, one wallet address withdrew 100,000 HYPE from Coinbase, a transaction valued at roughly $5.9 million. On-chain data ties this address to Bizyugo (Garga), a co-founder of Yuga Labs — the team behind the popular Bored Ape Yacht Club (BAYC) NFT collection. Public records confirm the linked address has been steadily building up its HYPE holdings lately, and this large withdrawal could signal a long-term bullish outlook for the Hyperliquid ecosystem.