Key Takeaways
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Macro Environment: The second day of U.S.-China talks progressed smoothly, boosting market sentiment and pushing U.S. equities higher. All three major indices closed up, with the S&P 500 and Nasdaq recording a three-day winning streak.
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Crypto Market: Bitcoin declined during the Asia trading session but rebounded modestly on positive developments from U.S.-China negotiations, marking its fifth consecutive daily gain. Following the “DeFi and the American Spirit” roundtable, the U.S. officially recognized DeFi as a national priority, driving ETH above the critical $2,800 level. The ETH/BTC ratio rose to 0.0255, a 5.1% increase from the previous day. ETH’s surge sparked broad gains across the Ethereum ecosystem, including UNI, LDO, ENS, AAVE, ARB, OP, RPL, and COMP.
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Today's Outlook: U.S. May CPI data release. Apple’s Worldwide Developers Conference (WWDC25) continues (June 9–13)
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,038.80 | +0.55% |
| NASDAQ | 19,714.99 | +0.63% |
| BTC | 110,276.00 | +0.01% |
| ETH | 2,816.45 | +5.08% |
Crypto Market Fear & Greed Index: 72 (Up from 71 24 hours ago) — Greed
Macro Economy
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U.S.-China Trade Negotiation Mechanism: Both delegations have reportedly reached consensus on a trade framework
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India and the U.S. are expected to finalize a temporary trade agreement by the end of June
Industry Highlights
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U.S. Senate Majority Leader filed a motion to end debate on the GENIUS Act, with a vote expected this week
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Connecticut passes legislation banning state government from holding or investing in virtual currencies
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The U.S. SEC officially acknowledged DeFi as a national priority
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The “CLARITY Act” amendment aiming to ban Trump from profiting from crypto was rejected
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Bitcoin Core developers plan to implement an OP_RETURN change in October, increasing the default data payload limit from 80 bytes to nearly 4MB
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The U.S. SEC has asked Solana ETF issuers to submit revised S-1 filings by next week; approval could come as soon as July
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GameStop disclosed it purchased 4,710 BTC as reserve assets between May 3 and June 10
Project Highlights
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Trending Tokens: UNI, COMP, FARTCOIN
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DeFi regulatory outlook remains optimistic. ETH broke above $2,800, fueling a strong rally across Ethereum-based tokens like UNI, COMP, RPL, LDO, and ENS
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AXL/POKT: Upbit listed AXL/KRW; Bithumb added POKT/KRW. Both tokens surged, with AXL up 47% and POKT up 28%
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HOME: Coinbase will list HOME; the token surged 26%
Weekly Outlook
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June 11: U.S. May CPI data
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June 12: U.S. May PPI data; APT unlock of 1.79% of circulating supply (approx. $52.7M)
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June 13: U.S. preliminary 1-year inflation expectations for June; University of Michigan Consumer Sentiment Index (prelim); Coinbase Institutional to enable 24/7 XRP and SOL futures trading for U.S. clients
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