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On June 23, Deutsche Bank projected that gold prices will reach $4,300 per ounce in the third quarter and $4,800 per ounce in the fourth quarter. (Jin Shi)

[Deutsche Bank: Gold Prices Expected to Reach $4,300 per Ounce in Q3]On June 23, Deutsche Bank projected that gold prices will reach $4,300 per ounce in the third quarter and $4,800 per ounce in the fourth quarter. (Jin Shi)

Deutsche Bank: Gold Prices Expected to Reach $4,300 per Ounce in Q3

On June 23, CNN reported that the United States has established a ceasefire monitoring mechanism in Lebanon, allowing U.S. officials to receive real-time information on the situation in the country. An official stated that U.S. Secretary of State Rubio spoke on June 19 with Israeli Prime Minister Netanyahu and Lebanese President Aoun to discuss strengthening the ceasefire and future dialogue. 'Based on these calls, the U.S. has initiated a monitoring mechanism through the U.S. Central Command to ensure that our policymakers have real-time and accurate information on the situation in Lebanon,' the official said.

[U.S. Officials Announce Establishment of Ceasefire Monitoring Mechanism in Lebanon]On June 23, CNN reported that the United States has established a ceasefire monitoring mechanism in Lebanon, allowing U.S. officials to receive real-time information on the situation in the country. An official stated that U.S. Secretary of State Rubio spoke on June 19 with Israeli Prime Minister Netanyahu and Lebanese President Aoun to discuss strengthening the ceasefire and future dialogue. 'Based on these calls, the U.S. has initiated a monitoring mechanism through the U.S. Central Command to ensure that our policymakers have real-time and accurate information on the situation in Lebanon,' the official said.

U.S. Officials Announce Establishment of Ceasefire Monitoring Mechanism in Lebanon

On June 23, according to data from Farside Investors, on June 22, the total net outflow from US spot Bitcoin ETFs was $68.3 million. Among them, BlackRock's IBIT had a net outflow of $172 million, while Grayscale's GBTC saw a net outflow of $81 million. Fidelity's FBTC and ARKB experienced net inflows of $57.4 million and $64 million, respectively. During the same period, the total net outflow from US spot Ethereum ETFs was $66.1 million, with BlackRock's ETHA experiencing a net outflow of $66.4 million, while TETH had a net inflow of $300,000, and other products saw relatively stable fund flows.

[US Spot Bitcoin ETF Sees $68.3 Million Net Outflow, Ethereum ETF Sees $66.1 Million Net Outflow]On June 23, according to data from Farside Investors, on June 22, the total net outflow from US spot Bitcoin ETFs was $68.3 million. Among them, BlackRock's IBIT had a net outflow of $172 million, while Grayscale's GBTC saw a net outflow of $81 million. Fidelity's FBTC and ARKB experienced net inflows of $57.4 million and $64 million, respectively. During the same period, the total net outflow from US spot Ethereum ETFs was $66.1 million, with BlackRock's ETHA experiencing a net outflow of $66.4 million, while TETH had a net inflow of $300,000, and other products saw relatively stable fund flows.

US Spot Bitcoin ETF Sees $68.3 Million Net Outflow, Ethereum ETF Sees $66.1 Million Net Outflow

On June 23, BIT Official released a daily chart analysis stating that Bitcoin and the U.S. software sector ETF (IGV), which previously appeared to be decoupled, are now increasingly showing that this is merely a short-covering rebound. The IGV has significantly reversed and declined. Despite the vast differences in the fundamentals of individual stocks in the software sector and Bitcoin, both are driven by the same set of macroeconomic factors. When market liquidity is loose, interest rate cut expectations rise, or risk appetite increases, funds typically first flow into high-volatility growth assets. The price linkage between the two reflects their sensitivity to real interest rates and U.S. dollar liquidity, rather than their own operational fundamentals. The Federal Reserve's shift to a weaker dovish stance since October 2025 may be the core reason for the simultaneous weakening of both markets, and the AI boom is merely a superficial explanation for this correction.

[BIT Official: Recent Correction Driven by Macroeconomic Factors, Not AI]On June 23, BIT Official released a daily chart analysis stating that Bitcoin and the U.S. software sector ETF (IGV), which previously appeared to be decoupled, are now increasingly showing that this is merely a short-covering rebound. The IGV has significantly reversed and declined. Despite the vast differences in the fundamentals of individual stocks in the software sector and Bitcoin, both are driven by the same set of macroeconomic factors. When market liquidity is loose, interest rate cut expectations rise, or risk appetite increases, funds typically first flow into high-volatility growth assets. The price linkage between the two reflects their sensitivity to real interest rates and U.S. dollar liquidity, rather than their own operational fundamentals. The Federal Reserve's shift to a weaker dovish stance since October 2025 may be the core reason for the simultaneous weakening of both markets, and the AI boom is merely a superficial explanation for this correction.

BIT Official: Recent Correction Driven by Macroeconomic Factors, Not AI

On June 23, French Hill, Chairman of the U.S. House Financial Services Committee, announced the schedule for committee hearings in July 2026. The main agenda includes: July 14 (Full Committee Hearing on 'Federal Reserve Semiannual Monetary Policy Report'); July 15 (Full Committee Hearing on 'Consumer Financial Protection Bureau Semiannual Report'); July 17 (Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Field Hearing on 'How the CLARITY Act Can Unleash Innovation'); July 21 (Subcommittee on National Security, Illicit Finance, and International Financial Institutions Hearing on 'Oversight of Financial Crime Enforcement Networks'); July 21 (Subcommittee on Housing and Insurance Hearing on 'Oversight of the Federal Home Loan Bank System').

[U.S. House Financial Services Committee: Hearing on the CLARITY Act Scheduled for July 17 in New York]On June 23, French Hill, Chairman of the U.S. House Financial Services Committee, announced the schedule for committee hearings in July 2026. The main agenda includes: July 14 (Full Committee Hearing on 'Federal Reserve Semiannual Monetary Policy Report'); July 15 (Full Committee Hearing on 'Consumer Financial Protection Bureau Semiannual Report'); July 17 (Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Field Hearing on 'How the CLARITY Act Can Unleash Innovation'); July 21 (Subcommittee on National Security, Illicit Finance, and International Financial Institutions Hearing on 'Oversight of Financial Crime Enforcement Networks'); July 21 (Subcommittee on Housing and Insurance Hearing on 'Oversight of the Federal Home Loan Bank System').

U.S. House Financial Services Committee: Hearing on the CLARITY Act Scheduled for July 17 in New York

On June 23, Deutsche Bank stated that under different monetary policy paths, gold prices could experience significant divergence. If the Federal Reserve re-enters a rate hike cycle, gold prices may drop to around $3,800 per ounce. However, in the baseline forecast scenario, the bank still expects gold prices to rise to approximately $4,300 per ounce in the third quarter and further increase to around $4,800 in the fourth quarter.

[Deutsche Bank: Gold May Fall to $3,800 if Fed Resumes Rate Hikes]On June 23, Deutsche Bank stated that under different monetary policy paths, gold prices could experience significant divergence. If the Federal Reserve re-enters a rate hike cycle, gold prices may drop to around $3,800 per ounce. However, in the baseline forecast scenario, the bank still expects gold prices to rise to approximately $4,300 per ounce in the third quarter and further increase to around $4,800 in the fourth quarter.

Deutsche Bank: Gold May Fall to $3,800 if Fed Resumes Rate Hikes

According to monitoring by Dongcha Beating, the extreme demand for hardware in global AI data center infrastructure has driven semiconductor prices to surge. In May 2026, China's semiconductor export value skyrocketed by 111% year-on-year, reaching a record $36 billion, while the actual shipment volume of chips only saw a slight increase of 2% during the same period. The doubling of semiconductor export value alongside nearly flat actual shipment volume reveals the true extent of the global shortage of computing power hardware. The prices of high-value chips have surged significantly due to the shortage of AI computing power, directly boosting semiconductor export values. During the same period, exports of computers and components also rose by 66% year-on-year, reaching approximately $27 billion, marking the second highest record in history. Together, chips and computer components contributed to about half of the total growth in China's imports and exports in May. Driven by the strong surge in computing power export values, China's overall exports in May increased by 19% year-on-year, while imports soared by 27%, resulting in a trade surplus of $105.4 billion, the highest level since January 2026.

[Chip Prices Surge Amid AI Infrastructure Shortage: China's Semiconductor Exports Soar 111% in May with Only 2% Volume Increase]According to monitoring by Dongcha Beating, the extreme demand for hardware in global AI data center infrastructure has driven semiconductor prices to surge. In May 2026, China's semiconductor export value skyrocketed by 111% year-on-year, reaching a record $36 billion, while the actual shipment volume of chips only saw a slight increase of 2% during the same period. The doubling of semiconductor export value alongside nearly flat actual shipment volume reveals the true extent of the global shortage of computing power hardware. The prices of high-value chips have surged significantly due to the shortage of AI computing power, directly boosting semiconductor export values. During the same period, exports of computers and components also rose by 66% year-on-year, reaching approximately $27 billion, marking the second highest record in history. Together, chips and computer components contributed to about half of the total growth in China's imports and exports in May. Driven by the strong surge in computing power export values, China's overall exports in May increased by 19% year-on-year, while imports soared by 27%, resulting in a trade surplus of $105.4 billion, the highest level since January 2026.

Chip Prices Surge Amid AI Infrastructure Shortage: China's Semiconductor Exports Soar 111% in May with Only 2% Volume Increase

On June 23, market data showed that U.S. stock futures prices declined, with S&P 500 futures falling by 0.5% and Nasdaq futures dropping by 1.0%.

[S&P 500 Futures Down 0.5%, Nasdaq Futures Down 1%]On June 23, market data showed that U.S. stock futures prices declined, with S&P 500 futures falling by 0.5% and Nasdaq futures dropping by 1.0%.

S&P 500 Futures Down 0.5%, Nasdaq Futures Down 1%

On June 23, Nate Geraci, president of ETFStore, stated that Cboe is considering transforming its Bitcoin and Ethereum continuous futures products into perpetual futures contracts. Geraci pointed out that traditional financial institutions are being compelled to continuously keep up with the pace of product innovation in the crypto-native market, and this trend may just be beginning. Perpetual futures, which were previously popular mainly on crypto trading platforms, are now gradually entering the regulated traditional financial trading system.

[Cboe Plans to Upgrade BTC and ETH Continuous Futures to Perpetual Contracts]On June 23, Nate Geraci, president of ETFStore, stated that Cboe is considering transforming its Bitcoin and Ethereum continuous futures products into perpetual futures contracts. Geraci pointed out that traditional financial institutions are being compelled to continuously keep up with the pace of product innovation in the crypto-native market, and this trend may just be beginning. Perpetual futures, which were previously popular mainly on crypto trading platforms, are now gradually entering the regulated traditional financial trading system.

Cboe Plans to Upgrade BTC and ETH Continuous Futures to Perpetual Contracts

22 июня индекс KOSPI Южной Кореи снизился в течение дня, ранее поднявшись более чем на 2%.

[Korean Stocks Turn Down After Earlier Rise of Over 2%]22 июня индекс KOSPI Южной Кореи снизился в течение дня, ранее поднявшись более чем на 2%.

Korean Stocks Turn Down After Earlier Rise of Over 2%

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Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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