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

On June 2, Bitget market data shows that Strategy (MSTR) plunged 10.17%, changing hands at $134.55 as of press time. A report yesterday revealed that Strategy has shattered the so-called "HODL" myth, disclosing it sold 32 bitcoins last week.

June 2nd: Per HTX market data, Bitcoin briefly dipped below $68,000 and is currently trading at $68,053, a 4.98% drop over the past 24 hours.

JUNE 2 — U.S. Secretary of State Mike Pompeo says the U.S. is currently in negotiations with Iran, and Tehran may be willing to discuss certain aspects of its nuclear program that it had previously refused to bring up in prior talks. Pompeo noted that a deal with Iran could be finalized as early as today, or as late as next week.

June 2 – Official sources report that on-chain perpetual contract trading platform Pingu Exchange will permanently cease operations, with the platform officially shutting down on July 31, 2026. Launched on Arbitrum in January 2024, Pingu raised approximately $270,000 in total funding and has operated solely on revenue generated from its platform. Over the past 18 months, the platform’s total trading volume neared $2.4 billion, distributed roughly $650,000 in ETH and USDC rewards to staking users, and built up a reserve of operational funds. Pingu noted that it planned to redirect resources to the Monad ecosystem to pursue new growth, but this strategy fell short of expectations. Just six months after migrating to the Monad mainnet, total trading volume hit only around $80 million. With insufficient business momentum, the team halted salaries in February this year to avoid further depleting its reserves. Ultimately, the team decided to wind down operations and return remaining funds t

June 2nd, per Bitget Market data: Situational Awareness LP, owned by 25-year-old Wall Street AI stock guru Leopold Aschenbrenner, made its first net holdings purchase in Q1 2026, sparking a strong rally in the U.S. stock market after opening. T1 Energy (TE) surged 11.05% to $11.555; HIVE Digital (HIVE) climbed 2.31% to $4.87. Both companies are currently unprofitable, with negative price-to-earnings (P/E) ratios — calculated as total market capitalization divided by the sum of their latest four quarters’ net profit.

On June 2, artificial intelligence education company Genius Group announced it has wrapped up the first tranche of investments for the AGI Infinity Portfolio, a key component of its AI Treasury strategy. The strategy, which received board approval, aims to deliver exposure to pre-IPO equity of leading cutting-edge AI and technology firms including OpenAI, Anthropic, and SpaceX through a range of investment vehicles. Per the announcement, on June 1, 2026, Genius Group completed its initial asset allocation for the initiative: purchasing 10,000 shares of Destiny Tech100 at $48.77 per share and 800 shares of the Fundrise Innovation Fund at $211.75 apiece. Total spending on the first day came to approximately $657,100, marking the first formal investment under the company’s $100 million AI Treasury Phase One plan. Over the coming months, the firm will continue to incrementally expand its allocations using the dollar-cost averaging approach.