Key Takeaways
-
Macro Environment: Cooling inflation clashes with rising geopolitical tensions, causing U.S. stocks to experience a roller-coaster ride. U.S. May CPI slowed more than expected, with no tariff pass-through observed yet. This boosted market expectations for a Fed rate cut in September, causing U.S. Treasury yields to plummet and stock futures to rise. However, escalating Middle East tensions and Trump's statement of "diminished confidence" in reaching a nuclear deal with Iran quickly reversed risk sentiment. The S&P 500 closed down 0.27% and the Nasdaq fell 0.5%, wiping out early gains.
-
Crypto Market: Bitcoin’s correlation with U.S. equities strengthened under macro influence, while ETH showed relative resilience. Bitcoin surged past $110,000 amid optimism over U.S.-China trade talks and inflation data, nearing its all-time high before retreating alongside equities, ending its 5-day winning streak. ETH remained strong, peaking above $2,880 before pulling back; the ETH/BTC ratio stabilized at 0.025 as market attention continued to grow. Bitcoin dominance rose slightly by 0.06%, while altcoins saw steeper losses during the broader market correction.
-
Project Highlights: South Korea’s new president will promote the development of a Korean won stablecoin, and KAIA has joined the national competition with plans to issue one. This has driven KAIA’s price up 56% over the past three days.
-
Today's Outlook: U.S. May PPI data release. APT token unlock: 1.79% of total supply, valued at approx. $52.7 million. Apple’s WWDC25 continues (June 9–13)
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,022.25 | -0.27% |
| NASDAQ | 19,615.88 | -0.50% |
| BTC | 108,656.40 | -1.47% |
| ETH | 2,771.71 | -1.59% |
Crypto Fear & Greed Index: 71 (previously 72) — Greed
Macro Economy
-
U.S. May CPI YoY: +2.4% (est. 2.4%, prev. 2.3%)
-
U.S. May Core CPI YoY: +2.8% (est. 2.9%, prev. 2.8%)
-
Trump: Fed should cut rates by 100 basis points
-
EU seeks to extend U.S.-EU trade talks beyond Trump’s July deadline
-
U.S. Treasury Secretary Bessent: U.S. open to extending 90-day tariff pause to July 9 if trade partners show “good faith”
-
U.S. Commerce Secretary: “One deal after another” will be reached starting next week
-
Trump: Federal appeals court confirms U.S. can use tariffs as a policy tool
-
Trump on Iran: "Confidence in nuclear deal is diminishing"; U.S. may reduce diplomatic staff in Iraq; Iran warns of retaliation if talks collapse
Industry Highlights
-
U.S. Senate passes GENIUS Act related to stablecoin regulation
-
U.S. Treasury Secretary reaffirms that stablecoins could help maintain dollar dominance
-
Singapore regulator urges crypto exchanges without local licenses to exit quickly
-
Elon Musk: Regrets some posts about Trump last week; Trump says reconciliation with Musk is possible but not a priority
-
BofA CEO: Banks developing stablecoins independently and collaborating across the industry
-
The Blockchain Group approved for €11 billion fundraising to accelerate Bitcoin acquisition strategy
-
Japan’s Remixpoint adds 50 BTC, raising total holdings to 925 BTC
-
Mercurity Fintech announces $800M BTC reserve plan, joins the Russell 2000 Index
-
GameStop plans $1.75B private placement of convertible preferred notes
-
“MicroStrategy of Solana” — DDC halts $1B securities issuance due to missing 10-K filing
Project Highlights
-
Trending Tokens: ZBCN, KAIA
-
KAIA: Riding strong momentum as South Korea’s president pushes for a Korean won stablecoin; KAIA to issue its own
-
FET: U.S.-listed company Interactive Strength raises $500M to acquire FET tokens
-
A (formerly EOS): IPO filed by Bullish, a crypto exchange backed by PayPal’s former CEO; A and Bullish share the same parent entity
Weekly Outlook
-
June 13: U.S. preliminary 1-year inflation expectations (June). U.S. Michigan Consumer Sentiment Index (June, preliminary)
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
