Waller: The Federal Reserve should no longer signal interest rate cuts

According to Bloomberg, the 9th Circuit Court of Appeals in the United States has rejected Kalshi and Polymarket's applications to suspend enforcement lawsuits in Nevada and Washington states, and the case will continue to be pursued in state courts. The court held that the two platforms did not prove that responding to the lawsuit would cause irreparable damage, nor did they prove that the federal court had jurisdiction over federal issues.

[The main force of Binance BTC has completed nearly $200 million in limit orders, far exceeding recent levels in scale] A massive $200M transaction on Binance raises unusual market activity...

According to Josh Stevens, Vice President of Engineering at Polymarket, with the assistance of ZachXBT, BitcoinVN, and ChangeNOW, $164000 of stolen funds have been frozen in the Polymarket private key leak incident, accounting for approximately 28.6% of the total transferred amount of $573200. The incident did not affect Polymarket or UMA smart contracts, ensuring the safety of user funds and normal platform operations. The investigation shows that the accident was caused by the leakage of a private key that has been in existence for about 6 years. The private key was used for internal recharge configuration, resulting in funds being sent to the affected address. The team is currently tracking the flow of the remaining stolen funds.

According to data from the University of Michigan, the final consumer confidence index in the United States fell to 44.8 in May, hitting a historic low. Consumers expect an annualized price growth rate of 3.9% over the next five to ten years, higher than April's 3.5% and reaching a seven month high, and anticipate a price increase of 4.8% over the next year. Gasoline prices are approaching their highest level since 2022, exacerbating concerns about the cost of living. According to survey leader Joanne Hsu, 57% of respondents believe that high prices are eroding their financial situation, up from 50% last month. Consumers are concerned that inflation may spread and persist in the long term.

[Main password: Multi platform BTC main force has placed large orders worth over 200 million US dollars, triggering key position signals] Massive buy orders placed across platforms, key levels still being tested...