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Foresight News reported that, according to Bitget market data, ILYTY (ILY) is currently priced at 0.67 USDT, with a 24-hour increase of 263.73%.

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)