Goldman Sachs Lowers Oil Price Target for Second Time in a Week

June 16, 2025 – Renowned trader Killa (@KillaXBT) announced he’s closed half his SpaceX stake, noting the stock is overvalued from a fundamental standpoint. That said, momentum remains red-hot, the hype is tangible, the low-float narrative is holding strong, and the short squeeze rally is unfolding exactly as expected. For context, on the day SpaceX went public, Killa warned retail investors not to short the stock and advised against taking positions opposite major institutional players like BlackRock, Fidelity, and Vanguard. A Bitcoin-focused quantitative trader, Killa accurately called the peak of this bull market back in May 2025 and boasts over 200,000 followers on X. Mid-April, he shorted Bitcoin at $74,688 before flipping to a long position during the broad market downturn on June 5.

June 16 – According to data from Farside Investors, Bitcoin ETFs posted a combined net outflow of $64.8 million in yesterday’s trading session. Breakdown shows IBIT saw a net inflow of $66.4 million, while GBTC recorded a net outflow of $124 million. For Ethereum ETFs, the total net inflow reached $22.5 million, with ETHA drawing a net inflow of $17.6 million.

**Headline: HashKey Chain Teams Up With Morpho to Drive Innovation in DeFi, CeDeFi, and RWA Lending** On June 16, Hong Kong-based HashKey Chain announced a strategic partnership with decentralized lending protocol Morpho. The two parties will combine HashKey Group’s regulatory-compliant infrastructure and Morpho’s efficient lending protocol architecture—powered by an open credit network—to explore novel applications across decentralized finance (DeFi), centralized decentralized finance (CeDeFi), and real-world asset (RWA) lending. HashKey Chain is an institutional-grade, compliance-focused blockchain operated under HashKey, with a mission to reimagine global on-chain financial markets. Built around core pillars of compliance, security, and innovation, it serves as foundational infrastructure for the next era of on-chain finance, enabling stablecoins, real-world assets (RWAs), and institutional-grade DeFi to collaborate and operate seamlessly within a unified ecosystem.

On June 16, Bitget released an official announcement stating that its stock contract product has launched trading for underlying assets including BUD (Anheuser-Busch InBev), NKE (Nike), KO (Coca-Cola), ABNB (Airbnb), MAR (Marriott International), V (Visa), plus 11 more instruments. These new offerings cover sectors closely tied to major upcoming sports events: sports entertainment, travel, and consumer brands. The contracts support a maximum leverage of 20 times. For full details, please refer to Bitget’s official platform.

June 16: ZeroHedge reports Goldman Sachs has advised clients to hedge against a potential pullback in South Korea’s KOSPI index, as local banks take steps to curb debt-fueled stock market frenzy by restricting credit loans and overdrafts. Under regulatory guidance, major South Korean banks—including Hana Bank, KB Kookmin Bank, and Shinhan Bank—are significantly limiting credit loan and overdraft limits to cool the overheated stock market. For example, Hana Bank has capped credit lending for high-income individuals at 100 million Korean won (roughly $65,881) and set overdraft limits at 500 million won; KB Kookmin Bank is implementing similar restrictions starting June 16. These measures target “debt-driven investing” (using borrowed money to speculate on stocks). Banks had already tightened mortgage loans amid rising home prices, and May’s surge in household lending was largely tied to stock market bets. Goldman’s cautious outlook—urging clients to prepare for a potential KOSPI

On June 16, the Bank of Japan (BoJ) announced it will halt its plan to reduce government bond purchases starting in April 2027, keeping its monthly Japanese Government Bond (JGB) buys at roughly ￥20 trillion. The BoJ added it will continue raising its policy rate based on developments in economic activity, prices, and financial conditions.