In the past hour, total liquidations across the network reached $14.82 million, with $5.59 million from long positions, with $9.23 million from short positions. BTC liquidation $9.11 million, ETH liquidation $13.25 million.

Odaily Planet Daily reports: Federal Reserve Chairman Warsh stated that he cannot provide any forward guidance on the next steps, as we have abandoned forward guidance, and his personal submission of the dot plot would not help policy implementation. (Jinshi)

Odaily Planet Daily reports: Federal Reserve Chairman Warsh stated that inflation is well above the 2% target, and persistently high prices are a burden; recent history should not be seen as a prelude to inflation problems. (Jinshi)

According to Odaily Planet Daily, foreign media analysis indicates that nearly half of Federal Reserve policymakers no longer believe that simply maintaining stable borrowing costs is sufficient to push inflation back to the 2% target level, especially given the surge in oil prices following the Iran war. The Fed's latest dot plot reveals the individual views of policymakers on the path of interest rates. The dot plot shows a rapid shift in the focus of internal debate: previously concerned with how long interest rates should be kept unchanged before a rate cut, it has now turned to growing concerns about rate hikes—some are even convinced the Fed will need to raise rates. Furthermore, forecasts released on Wednesday show that Fed policymakers have become more pessimistic about inflation since March, reflecting the sharp rise in inflation since the outbreak of the war. The median forecast shows that the PCE price index is expected to rise 3.6% year-on-year by the end of the year, compared to a 2.7% forecast in March; the core PCE price index is expected to rise 3.3% year-on-year, compared to a 2.7% forecast in March; and the unemployment rate is expected to reach 4.3% by the end of the year, unchanged from the actual reading in May, and lower than the 4.4% forecast in March. This means they are increasingly confident that the labor market has not weakened and does not need to be supported by interest rate cuts. (Jinshi)

Odaily Planet Daily reports that WIRED posted on the X platform that Trump administration officials stated that if Anthropic wants to re-release Fable 5, it needs to ensure that the model's security features cannot be bypassed. Security experts say this is impossible.