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Institutions: The long-term bullish pattern of gold remains unchanged, and gold could challenge the $8,000 mark before 2030.

On May 28, Chicago Fed President Goolsbee further reinforced his warning that the market's growing expectations for the productivity potential of artificial intelligence could drive up inflation and compel the Federal Reserve and other central banks to raise interest rates. Goolsbee stated, "The stronger the hype around future productivity, the higher interest rates may need to rise to prevent the economy from overheating. More importantly, facing short-term supply shocks—whether from oil prices, supply chain disruptions, or other factors—will exacerbate the issue." These remarks further elaborate on Goolsbee's earlier position presented earlier this month, where he questioned the notion that AI could have a deflationary effect, thereby creating space for central banks to lower rates—a view endorsed by many officials from the Trump administration and the new Fed Chair, Waller. In the 1990s, the widespread adoption of computers unexpectedly boosted U.S. productivity, driving rapid economic growth without triggering inflation. However, Goolsbee believes that if productivity gains are anticipated by the market, the situation would be different. The market might initiate a spending spree ahead of actual productivity improvements, leading to price increases before the productivity gains materialize. (Jin Shi)

According to unsealed court documents, Jane Street gained advance insider information about Terraform Labs via a private Telegram group called "Bryce's Secret." Before the UST crash, they aggressively sold $192 million and profited $134 million by shorting—directly causing $40 billion in Terra ecosystem market cap to evaporate and resulting in hundreds of thousands of retail investors losing their entire investment.【Market Impact】BTC is currently at $74,455, down 2.3% in 24h; ETH is $2,024, down 3.5%; SOL is $82.5, down 2.8%. In the past 24h, $1.46 billion in liquidations have occurred across the network, with 85% from long positions. In the short term, exposure of insider trading is expected to trigger tighter regulatory expectations, potentially benefiting compliance-themed tokens, but overall market sentiment remains weak and short-term volatility is bearish.【Recommendations to Follow】Operate in the BTC $74,000–$76,000 range; below $2,000 for ETH has strong support for light positions; watch for breakout opportunities in regulatory concept tokens like PROPER. Aggressive traders may consider light long positions near $74,000, stop loss at $73,500, position size 10%–15%, with 2x leverage.⚠️ Given current macro risks (US-Iran war + Fed hawkish stance) combined with industry scandals, it's advised to control position sizes and reduce or stop losses if $73,500 is breached.