Key Takeaways
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Macroeconomic Environment: U.S. May inflation expectations declined, easing monetary policy pressure. Combined with renewed optimism around U.S.-China trade negotiations, this boosted risk asset performance. Tech stocks, particularly the semiconductor sector, led the rally. Both the Nasdaq and S&P 500 closed higher, while U.S. Treasury yields fell alongside inflation expectations. The small-cap Russell 2000 outperformed the broader market, indicating improved market risk appetite.
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Crypto Market: The crypto market extended its optimism from Friday. Bitcoin once again broke above the $110,000 mark. At the U.S. "DeFi and American Spirit" roundtable, officials proposed an "innovation exemption" policy for DeFi platforms. This optimistic regulatory outlook pushed ETH/BTC higher, with ETH surpassing $2,700. The ETH/BTC rebound led to a broad rally in altcoins, signaling increased risk appetite. Bitcoin dominance declined from recent highs.
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Today’s Outlook: First meeting of the U.S.-China trade and economic consultation mechanism continues. Apple’s Worldwide Developers Conference (WWDC25) runs from June 9 to 13. Base ecosystem’s social prediction market Upside launches; Resolv (RESOLV) goes live
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,005.89 | +0.09% |
| NASDAQ | 19,591.24 | +0.31% |
| BTC | 110,270.00 | +4.29% |
| ETH | 2,680.36 | +6.79% |
Crypto Fear & Greed Index: 71 (62 from 24 hours ago), level: Greed
Macro Economy
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New York Fed survey shows 1-year inflation expectations at 3.2%, down 0.4 percentage points from a month ago
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U.S. Department of Justice requests extension of the stay on court ruling invalidating Trump-era tariffs
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Trump: U.S.-China talks progressing well; may consider lifting export restrictions
Industry Highlights
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U.S. SEC Chair: Working on an “innovation exemption” policy for DeFi platforms
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U.S. SEC Chair: Recommends a more open stance toward crypto self-custody
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Kyrgyzstan to launch a gold-backed stablecoin pegged to the U.S. dollar in Q3
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Strategy spent $110 million last week to acquire 1,045 bitcoins at an average price of $105,426 each
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Trump: Has not considered meeting with Elon Musk; unclear if Musk has used drugs
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BlackRock’s IBIT holdings exceed $70 billion in just 341 days
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Nasdaq applies to U.S. SEC to add XRP, SOL, ADA, and XLM to its crypto index
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The Blockchain Group and TOBAM launch €300 million Bitcoin investment plan
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CoinShares: Digital asset investment products saw $286 million net inflows last week, led by Ethereum
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U.S. software firm Bitmine Immersion Technologies makes its first Bitcoin purchase of 100 BTC
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Publicly listed company KULR seeks to raise $300 million through common stock issuance to increase Bitcoin holdings
Project Highlights
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Trending Tokens: RVN, FARTCOIN, ANIME
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Optimistic DeFi regulation outlook drives ETH/BTC higher; Ethereum ecosystem tokens AAVE, UNI, LDO, OP, ARB, ETHFI see broad gains; HYPE hits new all-time high
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Strong rebound in AI sector with top gainers including TAO, ICP, AI16Z, AIOZ, COOKIE, GRIFFAIN
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KAIA: Recently launched native USDT, preparing to issue a KRW-pegged stablecoin
Weekly Outlook
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June 10: Base ecosystem’s prediction market Upside goes live; Resolv (RESOLV) launches
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June 11: U.S. May CPI data
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June 12: U.S. May PPI data; APT unlocks 1.79% of circulating supply, valued at ~$52.7 million
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June 13: Preliminary U.S. one-year inflation expectations for June; Preliminary University of Michigan Consumer Sentiment Index; Coinbase Institutional enables 24/7 XRP and SOL futures trading for U.S. traders
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TBD: U.S. Senator says stablecoin legislation may be voted on this week
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