News

On June 1, bond traders are focusing on this week's key employment report to confirm their bets: the strength of the U.S. economy is sufficient to drive the Federal Reserve to raise interest rates by next year. In addition to developments in the Middle East, another focal point will be the monthly employment data to be released on Friday, which is expected to show that the labor market remained resilient in May. Coupled with high oil prices and accelerating inflation, this may reinforce market expectations that the Fed will eliminate its dovish stance in the June statement. This will be the first meeting since Kevin Walsh took office as Fed Chair. Traders expect the Fed to raise rates by mid-2027 or even sooner, highlighting how the war in Iran has led to soaring energy prices and is disrupting previous market expectations of a quick rate cut after Walsh's appointment. It is estimated that since the conflict began, the surge in bond yields has tightened financial conditions equivalent to approximately 75 basis points of Fed rate hikes. (Sina Finance)

Foresight News reports that GitLawb announced on Twitter it will close the X community and migrate to XChat. In addition, according to GMGN market data, GITLAWB's current market capitalization is 14.26 million USD, with a 24-hour increase of 22.86%.

According to Odaily, BNB ecosystem PerpDEX StandX has officially released the SIP-5 Universal Markets Listing framework, allowing anyone to deploy multiple types of trading pairs with one click by staking DUSD or StandX's future governance token. These include perpetual contracts, prediction markets, Pre-Market, RWA derivatives, and structured derivatives. The core formula of SIP-5 is UM = Seed + Oracle Grid + Shield. Here, Seed refers to the listing staking funds from deployers (Sponsors), with 100% entering the community market maker incentive pool and zero protocol retention; Oracle Grid provides three layers of price source support (blind quotation/Pyth·Chainlink linkage/custom supervised); Shield serves as an optional first-loss buffer to absorb extreme risks. Sponsors can earn up to 70% of trading fee revenue and may activate Stand Mode to automatically recycle fees back into the market making pool's growth flywheel. At present, StandX has already launched foundational infrastructure such as the DUSD yield stablecoin (with an APY consistently at 8-10%+) and the MM Uptime market making program. SIP-5 will serve as the top-level design to integrate all underlying modules. The team has previously hinted at a TGE target within the year.