Tell me about the key events of June The bet that the 10-year yield on US Treasury bonds is approaching 5% is once again active, and safe haven funds are demanding higher risk premiums Key time: On June 11th, if the CPI in May rises again year-on-year, it may trigger the chain of "interest rate repricing → synchronous correction of risk assets" On June 17-18, the FOMC interest rate market is currently sitting still, but any hawkish tilt in the dot matrix will quickly amplify the volatility The implied volatility of BTC monthly options expiring on June 28th (nominal 13.8 billion) is prone to sharply increase before and after expiration, triggering on chain stop loss/liquidation Encryption key time: L2 Track: Arbitrum DAO ARB upgraded to ArbOS 40 on May 29th, which will be activated on June 17th; SCR Scroll "Euclid" will run for the first time in full month after upgrading in April LSD track: Lido simple DVT module expansion proposal, Ether. fi June 10th analyst conference call RWA: Arbitrum allocates 35 million ARB to enter US Treasury strategy Overall, June is basically the window period with the greatest macroeconomic pressure, with increased volatility and rising expectations for black swan events, mainly dominated by RWA and L2 as Alphas.