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

June 7th – Market analyst Serenity, widely known in trading circles as the "Stock God," today outlined the mass production timelines for key suppliers in the glass substrate sector, a critical component of advanced semiconductor packaging. SKC subsidiary Absolics is scheduled to launch mass production in the second half of 2026, in partnership with Applied Materials, with AMD named as its primary customer. Samsung Electro-Mechanics, meanwhile, is expected to kick off mass production in the second half of 2027, collaborating with Sumitomo Chemical, and its client base includes Apple, Broadcom, and major hyperscale cloud providers. Serenity noted that details regarding Intel’s planned 2030 mass production timeline remain unconfirmed. Further, Serenity stated her earlier assessment of a 2–3 year window for TSMC’s CoWoS technology has been proven accurate, matching recent comments from TSMC’s chairman. She also highlighted recurring key players in the industry ecosystem: Innolux emerges a

June 7th, according to LookOnChain monitoring, an Ethereum OG whale who sold 60,000 ETH (worth $1.1725 billion) and 9,442 wstETH (valued at $24 million) at an average price of around $2,040 a week ago has re-entered the market to make purchases. Over the past two days, the whale has spent $55.8 million to acquire 35,723 ETH at an average cost of $1,563 per ETH.

June 7: The People’s Bank of China (PBOC) announced that China’s gold reserves hit 74.96 million ounces (about 2,331.52 tons) at the end of May, a monthly increase of 320,000 ounces (roughly 9.95 tons). At the end of April, reserves stood at 74.64 million ounces (2,321.56 tons), marking the 19th consecutive month of gold accumulation.

June 7th — Degentrading, a product researcher specializing in leverage products, warned that the Hong Kong-listed leveraged fund Southbound Double Long SK Hynix (7709.HK) will have to forcibly sell around 2 million shares at the opening of South Korea’s stock market this coming Monday. That sell order volume accounts for 40% of SK Hynix’s normal daily trading volume, generating enormous mechanistic selling pressure. The bigger concern: The gamma effect of this leverage product will drive further price drops, which will in turn spark more selling pressure and possibly trigger a chain reaction. Degentrading forecasts extreme downward pressure on South Korea’s stock market on Monday. He boldly projects that EWY (the iShares MSCI South Korea ETF) could slump to $145 by the time U.S. stock markets open on Monday, down from its current level of $175. Degentrading acknowledges this prediction “may sound a bit crazy,” but says its core logic is that passive rebalancing selling pressure from l

June 7: Last Friday, HYPE Treasury’s HyperionDeFi (HYPD) terminated its agreement with Hyperliquid ecosystem lending protocol Felix to establish a contract market, and will release the 500,000 HYPE tokens held in escrow.

June 7 – According to Alternative Data, today’s cryptocurrency Fear & Greed Index hits 12, unchanged from the previous day, signaling that market sentiment remains in “Extreme Fear” mode. Note: The Fear & Greed Index spans a 0-100 range, and is derived from the following indicators with their respective weightings: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).