Key Takeaways
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Macroeconomic Environment: On Friday, U.S. non-farm payrolls exceeded expectations, while the unemployment rate held steady in line with market forecasts. This alleviated recession fears and led to a broad rise in U.S. Treasury yields, as markets postponed expectations of a Fed rate cut. Meanwhile, despite a public confrontation between Trump and Musk, tensions did not escalate further. Against this backdrop, all three major U.S. stock indices closed higher, with the S&P 500 breaking above the 6000 mark again. In the crypto-related equity sector, Circle surged 29% on Friday, marking its second consecutive day of significant gains post-listing.
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Crypto Market: Driven by macro sentiment, Bitcoin followed the rally in U.S. equities on Friday, with bullish momentum extending into the weekend for three consecutive days of gains. The ETH/BTC ratio remained in a consolidation range with no clear breakout. Bitcoin dominance slightly retreated over the weekend, enabling a brief catch-up rally among major altcoins.
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Today's Outlook: U.S. May New York Fed 1-Year Inflation Expectations. U.S. SEC to host “DeFi and the American Spirit” roundtable on June 9. Apple Worldwide Developers Conference WWDC25 to be held June 9–13. U.S. court to rule on legality of Trump-era tariffs.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,000.37 | +1.03% |
| NASDAQ | 19,529.95 | +1.20% |
| BTC | 105,735.70 | +0.17% |
| ETH | 2,509.87 | -0.59% |
Crypto Fear & Greed Index: 62 (same as 24 hours ago), classified as "Fear"
Macro Economy
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U.S. May Non-Farm Payrolls: +139,000 (above expectations)
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U.S. May Unemployment Rate: 4.2% (in line with expectations)
Industry Highlights
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Swiss government passes bill allowing automatic crypto asset information exchange with 74 partners
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UK FCA to lift ban on retail investment in crypto ETNs
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Japanese Senate passes Funds Settlement Act amendment, establishing a new regulatory regime for crypto intermediaries
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Trump shows no intention of reconciling with Musk and warns of “serious consequences” if Musk funds Democrats; Vice President Vance hopes Musk will return
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Michael Saylor posts another Bitcoin Tracker update, possibly indicating new BTC acquisitions
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Metaplanet CEO announces plan to raise $5.4 billion to accelerate Bitcoin strategy
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Trump Media Group registers up to $12 billion in new securities via updated S-3 filing, which could be used for Bitcoin purchases
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Major tech firms including Apple, X (Twitter), and Airbnb are exploring crypto adoption
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Polymarket becomes X’s official prediction market partner
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Crypto exchange Gemini files for IPO in the U.S.
Project Highlights
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Trending Tokens: FARTCOIN, ICP, SPX
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FARTCOIN: Listed on Coinbase, which drove continued high discussion volume; trading volume up, price stable
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IOST: Announced $21 million in strategic financing
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TRUMP: Token reached partnership with WLFI, which committed to long-term holding. However, this has not significantly boosted the token’s price
Weekly Outlook
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June 9: U.S. May NY Fed 1-Year Inflation Expectations; SEC's “DeFi and the American Spirit” roundtable; WWDC25 begins; U.S. court to rule on legality of Trump-era tariffs
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June 10: Launch of Upside, a social prediction market in the Base ecosystem; Resolv (RESOLV) launch
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June 11: U.S. May CPI release
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June 12: APT token unlock (1.79% of circulating supply, worth ~$52.7 million)
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TBD: Possible Senate vote on U.S. stablecoin bill; First U.S.-China trade consultation mechanism meeting
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