NVIDIA and SK hynix announce a multi-year technology partnership
June 8 – NVIDIA and SK Hynix have announced a multi-year technical partnership focused on advancing memory solutions for AI factories. Under the agreement, SK Hynix will collaborate closely with NVIDIA to develop specialized memory products tailored for NVIDIA’s Vera Rubin, Vera CPU, RTX Spark, and Jetson Thor platforms.
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A whale entered the market during this morning's price surge, investing $59.85 million to build positions in WBTC and ETH.
June 8 – On-chain analyst Ai Auntie (@ai_9684xtpa) revealed that address 0xB4d…B186a has accumulated 158.57 WBTC (valued at approximately $10 million) and 31,065.58 ETH (worth around $49.85 million) over the past 24 hours via Cowswap. The address paid an average cost of $63,060.32 for its WBTC holdings and $1,604.7 per ETH for its ETH purchases. Additionally, the wallet holds over $70 million in stablecoins on-chain, available for further buys.
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Bitcoin Short-Term Rally Breaks Above $64,000 Before Pullback
June 8. Per HTX exchange market data, Bitcoin saw a sharp short-term surge that broke through the $64,000 level before pulling back. It is currently trading at $63,316, representing a 4.30% gain over the past 24 hours. Turning to recent political news: Trump claimed Netanyahu will have “no choice” but to accept the Iran-related agreement, adding, “It is my call whether an agreement gets reached.”
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Trump: Netanyahu Has 'No Other Choice' but to Accept Iran Deal, Whether Agreement is Reached Will Be Up to Me
US President Donald Trump said on June 8 that Israeli Prime Minister Netanyahu has "no choice" but to accept the agreement reached with Iran.
He emphasized that when it comes to whether to finalize the deal, "it's all up to me— I have the final say on everything. Netanyahu has no authority to decide these matters."
Regarding recent attacks carried out by Iran, Trump said these actions don’t change his willingness to push forward with the agreement. Asked how he would respond if the agreement ultimately falls through, Trump replied that he would consider ordering a strike against Iran.
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U.S. Stock Index Futures Open Lower on Monday, WTI Crude Oil Up 2.8%
June 8: Bitget market data shows U.S. stock index futures opened lower on Monday, with Nasdaq futures dropping 0.6% and S&P 500 futures slipping 0.4%.
WTI crude oil opened 2.8% higher Monday, driven by Iran’s weekend “warning” strike on Israel. Separately, Trump stated “Iran has caused enough trouble,” adding he blocked Israel from retaliating against the strike and urged Iran to return to the negotiating table to reach an agreement.
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Goldman Sachs: No Longer Expects Fed to Cut Rates This Year Due to Strong Labor Market
June 8 – A Goldman Sachs economist said the U.S. Federal Reserve is no longer expected to cut interest rates this year, citing the stronger-than-projected labor market. The Wall Street firm has pushed back its forecasts for the Fed’s final two rate hikes? Wait no, rate cuts: yes, cuts, so: they now anticipate rate cuts in June 2027 and December 2027, compared to its prior call for reductions in December 2026 and March 2027.
Goldman’s Chief U.S. Economist Mericle noted that inflation appears unlikely to become self-sustaining, keeping the prospect of Fed rate hikes slim but on the table. May’s blockbuster jobs report, which beat all estimates, underscored the labor market’s resilience and lifted market bets on additional central bank tightening.
While Goldman still sees a rate hike as a low-probability scenario, it has raised the odds of a modest increase from 10% to 20%. The bank’s baseline forecast still calls for two 25-basis-point rate cuts next year, though the likelihood of that
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