Federal Reserve Chair Walsh: Recent data does not perfectly reflect underlying inflation, and investment in artificial intelligence is conducive to employment in the short term.

Federal Reserve Chair Walsh attended a Senate hearing today, where he repeatedly voiced dissatisfaction with inflation. He stated: "Recent inflation data does not perfectly reflect underlying inflation conditions. The labor market appears quite solid, but the inflation situation is not very optimistic. I am not satisfied with any inflation metrics. We will review our policy tools, including the balance sheet and interest rates, to see if adjustments are needed to address inflation."

Lithography giant ASML (ASML.O) has announced plans to raise prices for its chip manufacturing equipment. According to market data from BIT (bit.com), ASML reversed its intraday decline to trade higher, with a current gain of 0.08%. This morning, ASML reported second-quarter revenue and profit that both exceeded market expectations, as demand from artificial intelligence (AI) chip manufacturers offset uncertainties surrounding its sales to China. Based on LSEG's median estimate, ASML generated revenue of €9.33 billion (approximately $10.9 billion) in the three months ended June 30, surpassing analysts' forecast of €8.8 billion. Net profit stood at €2.92 billion, also above the market consensus of €2.62 billion.

Aave V4 has been deployed on the Avalanche network, marking the first multi-chain rollout of Aave V4’s Hub & Spoke architecture. The deployment comprises a core liquidity hub and three sub-markets: the main market supports lending and borrowing of assets including WAVAX, BTC.b, USDC, USDT, and WETH.e; the AVAX-focused market centers on AVAX liquid staking strategies, enabling users to deposit sAVAX at a 95% collateralization ratio to borrow WAVAX; the foreign exchange market facilitates collateralization and lending among three stablecoins: EURC, USDC, and USDT. The core liquidity hub adopts a shared liquidity pool design, with all sub-markets sharing the same pool to prevent liquidity fragmentation. Aave noted that since its initial deployment on Avalanche in 2021, cumulative inflows from its V2 and V3 markets have exceeded $15 billion, while the stablecoin utilization rate in its current V3 market stands at over 90%.

Perpetual decentralized exchange (Perp DEX) Ostium has issued an official announcement confirming issues with its OLP vault, suspending all trading while the team launches an investigation. Earlier, the Arbitrum-based real-world asset (RWA) perpetual contract trading platform Ostium was hacked, with estimated losses of $18 million.

According to monitoring by Beating, market news reveals that AI firm Anthropic plans to hold an IPO investor meeting in the coming weeks. Earlier on June 2, Anthropic announced it had confidentially filed a draft S-1 registration statement for its initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The IPO filing comes shortly after Anthropic’s Series H funding round, which closed at the end of May 2026. The $65 billion financing round pushed Anthropic’s post-money valuation to a staggering $965 billion, making it the world’s most valuable private AI startup and surpassing rival OpenAI. The round was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, and drew participation from top global strategic and financial investors including Amazon, Google, and Singapore’s Temasek Holdings.

U.S. Securities and Exchange Commission (SEC) announcement: The rule change submitted by the New York Stock Exchange (NYSE) on July 6 has taken effect immediately, sharply raising the position and exercise limits for options on BlackRock’s Bitcoin spot ETF (IBIT) from 250,000 contracts to 1 million, to meet the rapid growth in IBIT options trading volume and enhance market liquidity as well as market maker capabilities.