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Fed's Williams Voices Support for Maintaining Interest Rates, Expectation of Rate Hike Later This Year Continues to Rise
BlockBeats News, June 3rd, Federal Reserve's Williams Speaks in Support of Maintaining Interest Rates: Monetary policy is "just right" at the moment, with no need to raise or lower rates. We will closely monitor the latest developments on tariff actions, as the upside risks to inflation have increased. There is no clear direction for future rates, and the forward guidance from the Fed is not deemed particularly helpful.
According to CME FedWatch Tool data, the market-implied probability of a rate cut this year has been largely erased, and expectations for a rate hike are rising, with even the possibility of a 75 basis point increase. The probability of the Fed keeping rates unchanged throughout 2026 is 40.9%, the probability of a cumulative 25 basis point cut in rates for the year is only 0.7%, the probability of a cumulative 25 basis point rate hike is 41.6%, the probability of a cumulative 50 basis point rate hike is 14.6%, and the probability of a cumulative 75 basis point rate hike is 0.1%.
Furthermore, the probability of a 25 basis point rate cut at the next Fed meeting (June) is 1.7%.
BlockBeats News, June 3rd, Federal Reserve's Williams Speaks in Support of Maintaining Interest Rates: Monetary policy is "just right" at the moment, with no need to raise or lower rates. We will closely monitor the latest developments on tariff actions, as the upside risks to inflation have increased. There is no clear direction for future rates, and the forward guidance from the Fed is not deemed particularly helpful.
According to CME FedWatch Tool data, the market-implied probability of a rate cut this year has been largely erased, and expectations for a rate hike are rising, with even the possibility of a 75 basis point increase. The probability of the Fed keeping rates unchanged throughout 2026 is 40.9%, the probability of a cumulative 25 basis point cut in rates for the year is only 0.7%, the probability of a cumulative 25 basis point rate hike is 41.6%, the probability of a cumulative 50 basis point rate hike is 14.6%, and the probability of a cumulative 75 basis point rate hike is 0.1%.
Furthermore, the probability of a 25 basis point rate cut at the next Fed meeting (June) is 1.7%.
Spot Silver Drops Over 2%
On June 3, spot gold and silver experienced a short-term decline, with spot gold dropping by $20 to currently stand at $4,434.72 per ounce. Spot silver fell by 2.00% during the day, currently priced at $73.62 per ounce. New York silver futures dropped below $74 per ounce, declining by 2.09% for the day.
On June 3, spot gold and silver experienced a short-term decline, with spot gold dropping by $20 to currently stand at $4,434.72 per ounce. Spot silver fell by 2.00% during the day, currently priced at $73.62 per ounce. New York silver futures dropped below $74 per ounce, declining by 2.09% for the day.
「Stock God」 Serenity Calls for XFAB Order: Valuation Severely Misaligned with Assets, the Only High-Capacity Silicon Carbide Foundry in the U.S.
BlockBeats News, June 3rd. The "Stock God" Serenity compared two semiconductor companies in the European and American markets. POET, listed on the Nasdaq, has a market value of approximately $2.4 billion. Its business involves packaging Sivers' laser, with only a $50 million pre-production contract with attached warrants. On the other hand, X-FAB, listed in Europe, has a market value of only $1.7 billion but possesses core assets far exceeding its market value. It is one of the few fabs in the world to receive funding from both the European CHIPS Act and the U.S. CHIPS Act for SiC/GaN/MEMS/silicon photonics, with a current valuation even below its reset book-to-market ratio.
Serenity further listed XFAB's differentiating advantages: NVIDIA and Nokia are directly evaluating its pre-commercial silicon photonics foundry line, with production ramp-up expected between 2027 and 2028. As a foundry, the company is leading the high-scale expansion of the European photonics supply chain, deepening cooperation with key European photonics institutions such as IMEC, CEA-Leti, Ligentec, and Smart Photonics. Its customers include NanoSemi, Power Integrations, and Lite-On. Serenity specifically quoted the U.S. Department of Commerce's official characterization - "XFAB is the only high-capacity silicon carbide foundry in the U.S.", highlighting its scarcity and strategic value in the face of trade barriers and supply chain localization trends.
BlockBeats News, June 3rd. The "Stock God" Serenity compared two semiconductor companies in the European and American markets. POET, listed on the Nasdaq, has a market value of approximately $2.4 billion. Its business involves packaging Sivers' laser, with only a $50 million pre-production contract with attached warrants. On the other hand, X-FAB, listed in Europe, has a market value of only $1.7 billion but possesses core assets far exceeding its market value. It is one of the few fabs in the world to receive funding from both the European CHIPS Act and the U.S. CHIPS Act for SiC/GaN/MEMS/silicon photonics, with a current valuation even below its reset book-to-market ratio.
Serenity further listed XFAB's differentiating advantages: NVIDIA and Nokia are directly evaluating its pre-commercial silicon photonics foundry line, with production ramp-up expected between 2027 and 2028. As a foundry, the company is leading the high-scale expansion of the European photonics supply chain, deepening cooperation with key European photonics institutions such as IMEC, CEA-Leti, Ligentec, and Smart Photonics. Its customers include NanoSemi, Power Integrations, and Lite-On. Serenity specifically quoted the U.S. Department of Commerce's official characterization - "XFAB is the only high-capacity silicon carbide foundry in the U.S.", highlighting its scarcity and strategic value in the face of trade barriers and supply chain localization trends.
Air France-KLM Group: Q2 fuel expenses are $1 billion higher than in Q2 2025
Service sector demand in the United States has essentially stagnated, and input costs are expected to drive inflation even higher.
According to data from the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) for the previous trading day (June 2) was 3.63%, compared to 3.65% the day before.
Polymarket plans to adjust its API trading rules: Taker orders will be non-cancellable during the 250-millisecond delay period
AI application software stocks extended the previous day's decline, with Datadog, MongoDB, and Gitlab falling over 7%, Figma dropping more than 6%, and Reddit, Servicenow, Applovin, and Unity all down over 5%. Palantir, Snowflake, Salesforce, and SAP each dropped more than 4%.
Deel launches DLUSD stablecoin wallet, allowing users to hold income in DLUSD
Foresight News reported that Deel, a platform that helps companies hire remote workers, has announced the launch of a stablecoin wallet, allowing users to hold their earnings in DLUSD and offering opportunities to earn rewards. Users can spend within the Deel mobile app. The service was launched today in Latin America, starting in Argentina, and will subsequently be rolled out to the Asia-Pacific, Middle East, and Africa regions.
Foresight News reported that Deel, a platform that helps companies hire remote workers, has announced the launch of a stablecoin wallet, allowing users to hold their earnings in DLUSD and offering opportunities to earn rewards. Users can spend within the Deel mobile app. The service was launched today in Latin America, starting in Argentina, and will subsequently be rolled out to the Asia-Pacific, Middle East, and Africa regions.