đ Todayâs Preview
1.US NFIB Small Business Optimism Index (May) to be released today. Previous: 95.8
2.US House of Representatives to review
crypto market structure bill on June 10
3.The Blockchain Group to hold its annual shareholder meeting on June 10, seeking approval to raise âŹ10 billion to accelerate BTC reserve strategy
4.TRON Mainnet to vote on proposal reducing block and voting rewards, vote expected to begin June 10
đ Macro & Hot Topics
1.First ChinaâU.S. Trade Consultation Mechanism Meeting Begins in London The meeting kicked off on June 9 and will continue until June 13. White House Economic Council Director Kevin Hassett revealed that the U.S. may consider easing export controls in exchange for China loosening restrictions on rare earth exports.
Peopleâs Daily emphasized the mutual benefits of ChinaâU.S. trade cooperation and called for dismantling artificial barriers.
2.SEC Chair: âInnovation Exemptionâ Policy for DeFi in Development At a crypto roundtable, SEC Chairman
Paul Atkins stated that the agency is working on an âinnovation exemptionâ tailored for DeFi platforms. The goal is to allow SEC-registered entities to launch on-chain products with fewer regulatory barriers.
Hester Peirce reaffirmed that code publishers shouldn't be held accountable for others' use of their code, and that centralized entities can't evade oversight by simply claiming to be âdecentralized.â With Republicans holding a 3:1 majority, more crypto-friendly policies may be forthcoming.
3.U.S. Job Trends Index Drops Amid Tariff Concerns The Conference Board's
Employment Trends Index (ETI) dropped from 108.00 to 107.49 in May, citing tariff-related uncertainties. While hiring remains stable, certain industries are beginning to show signs of stress.
4.Michelle Bowman Sworn In as Vice Chair for Supervision of the Federal Reserve Bowman, nominated by Trump and confirmed by the Senate on June 4, will serve as Vice Chair for Supervision until June 2029. Her full term as a Board member runs until January 2034.
5.Paraguayan Presidentâs X Account Hacked, Posts Fake Bitcoin Legal Tender News A false post claimed Paraguay would make BTC legal tender and launch a $5M BTC reserve fund. Authorities have denied the news and are investigating with Xâs security team.
6.BlackRockâs Spot Bitcoin ETF Hits $70B AUM Faster Than Any Fund in History BlackRockâs
IBIT reached $70B in just 341 trading daysâ
5x faster than gold ETF
GLD, which took 1691 days. According to
Arkham, IBIT now holds
2.8% of Bitcoinâs total supply.
đ Market Performance
1.$BTC Breaks $110K, $422M in 24h liquidations, mainly shorts. Meme coins such as
$PONKE, $NPC, $WIF, $DOGE, $PEPE rally sharply.
2.Chip stocks lead S&P 500 & Nasdaq higher for a second day; Tesla +4%, Nvidia +2%. Chinese ADR Index +2%, outperforming major indexes.
3.Bitget Liquidation Heatmap:
At $110,216:Drop to $109,216 â $470M long liquidations
Rise to $112,216 â $264M short liquidations
â Long exposure higher; traders advised to manage leverage.
4.BTC Net Inflow: $40M (Inflow: $970M, Outflow: $930M)
5.Top Net Outflow Contracts (24h):
$HMSTR, $WLD, $PEPE, $JELLYJELLY, $OPâpotential trading setups
đ§ Institutional Insights
Analyst: Widening gap between BTC 50D & 200D moving averages suggests
mid-term bullish momentum
Read more
Bernstein: Ethereum at
critical inflection point transitioning from speculation to financial innovation
Read more
Fed Whisperer: Uncertainty in
mid-term inflation expectations remains elevated
Read more
đ° News Highlights
1.Strategy purchased
1,045 BTC for $110M last week
2.SEC Chair: Self-custody is a
core American value
3.Paraguay: BTC legal tender news is
fake, investigation underway
4.Brazil proposes
17.5% capital gains tax on all financial assets
5.Ethiopia preparing
crypto regulatory framework
đ§ Project Updates
1.Telegram Founder: TON is now the
top chain
by
NFT volume
2.Tron stablecoin supply surged by
$1.04B in 7 days; Solana saw
$99M outflows
3.Rune has bought back
8.29M SKY with
$630K USDS
4.Pump.fun eyes
$1B fundraising, sparking Solana liquidity concerns
5.Aave total borrowings hit
$16B ATH
6.Plasma: >1,100 wallets staked, median $35K
7.Avalon Labs burned
80M AVL (44% of circulating supply)
8.Defi App increases airdrop allocation from
5% to 10%
9.Nasdaq seeks SEC approval to add
XRP, SOL, ADA, XLM to crypto index
10.Ethereum proposes
GDPR-compliant privacy roadmap
đĽ Trending on X
@hellosuoha:
"$KTA ignites Base hype â same old playbook, new chain."
The momentum on Base is quietly building, but the underlying mechanics are nothing new: on one side, TGE projects backed by Coinbase-affiliated capital; on the other, low-float tokens within the Virtuals ecosystem. Tokens like $KTA have created a textbook example of âgetting rich,â prompting the market to reprice under-the-radar Base projects.
Read more
@yuyue_chris:
"Solana meme exchange wars heat up â will Pumpâs token kill the game?"
Over the past 48 hours, Solana's new DEX landscape has seen classic rotational hype. Yesterday it was the Launchcoin crew with $PCULE and $KLED; today itâs $CRYBB and $USELESS backed by Bonk, plus $VERSEâPump's long-teased 1B token drop. These projects compete fiercely for attention and liquidity, each pulling a short-lived rally.
Read more
@0xCryptoFries:
"Guide to spotting whales: monitoring address activity and cost basis with tools like Faster100x"
Finding whales on-chain isn't voodooâitâs a repeatable process rooted in logic. The key lies in three things: tracking wallet movements, analyzing positions, and calculating cost basis. These data points help you determine whether a token is worth betting on.
Read more
@jason_chen998:
"BTC developers reaffirm anti-censorship stance â Ordinals and inscriptions may see resurgence."
In early June, Bitcoin Coreâs official forum published a rare open letter signed by several developers, voicing opposition to restricting the packaging and propagation of non-financial transactions on the Bitcoin network. This move is seen as a defense of Bitcoinâs censorship-resistant ethos.
Read more
