Novinky

Hyperliquid (HYPE) hit a record high near $77 on June 16, rising nearly 10% in a day as spot exchange-traded fund (ETF) inflows accelerated. According to BeInCrypto, HYPE was trading around $74.61, up roughly 67% over the past year, with a market cap near $16.57 billion, making it the tenth-largest cryptocurrency.
Spot HYPE ETFs have drawn about $153 million in net inflows and nearly $900 million in volume since launch, including 21Shares’ THYP, Bitwise’s BHYP, and Grayscale’s HYPG. Efe “Crypto Kid” Kelemci cited roughly $850 million in 2025 revenue with 99% used to buy and burn $HYPE, while noting leverage-driven liquidations and Arthur Hayes’ exit above $72 in early June.

It was the day the superstars took centre stage. Lionel Messi delivered a hat-trick for the ages to equal the all-time World Cup scoring record, Kylian Mbappé wrote his name into French football history, and Erling Haaland wasted no time making his long-awaited World Cup debut count. Four matches, four decisive results, and a day that will live long in the memory.In Group J, the world held its breath — and then erupted. Lionel Messi, 38 years old and making a record sixth World Cup appearance, marked the occasion with a hat-trick as Argentina swept past Algeria 3–0 at Kansas City Stadium. It was a night dripping in symbolism: exactly 20 years after his World Cup debut as an 18-year-old at Germany 2006, Messi delivered what may be the defining individual performance of this tournament. His first goal arrived in the 18th minute, a sumptuous curling strike from 25 yards that fizzed into the top corner past Luca Zidane — son of the great Zinedine — who could only get fingertips to it. A composed finish on the hour made it two, and substitute Nico González teed up the hat-trick in the 76th minute. The treble drew Messi level with Germany's Miroslav Klose at the top of the all-time World Cup scoring charts on 16 goals. As his name echoed around Kansas City, thousands of Argentina fans in blue and white refused to leave long after the final whistle. "Everything I'm experiencing now is a bonus," Messi said afterwards. "I've been fortunate enough to achieve all my dreams."Also in Group J, Austria claimed their first World Cup victory since 1990 in a dramatic 3–1 win over debutants Jordan at San Francisco. Romano Schmid's stunning 21st-minute strike gave Austria the lead, but Jordan — ranked 67th in the world — showed tremendous spirit and levelled through Ali Olwan's curled effort five minutes into the second half. Marko Arnautović thought he had restored the lead, only to be denied by VAR for a handball in the build-up. Austria's persistence paid off on 76 minutes when Yazan Al Arab turned the ball into his own net from a corner, and Arnautović sealed the win from the penalty spot deep into injury time. Managed by former Manchester United boss Ralf Rangnick, Austria — back at the finals for the first time since 1998 — made an authoritative statement in what promises to be a fiercely competitive group.Group I delivered its own blockbuster. Kylian Mbappé produced a brace as France overcame a stubborn Senegal 3–1, with the Real Madrid forward surpassing Olivier Giroud to become Les Bleus' all-time leading scorer, reaching 58 international goals at just 27. France were far from their fluent best in the first half, with Senegal matching them in intensity and physicality. But Mbappé's class proved the difference, his two goals cutting through the West African side's resistance with clinical efficiency. A third France goal settled the contest, though Senegal pulled one back to make for a nervy closing spell. "He will beat every single record," said Giroud himself, watching from the BBC pundit's chair with characteristic grace.Norway's opening match in Group I was the day's other feast of goalscoring. Erling Haaland — who has made a habit of marking debuts with goals at every club he has played for — continued that tradition on the grandest stage of all, scoring twice as Norway beat Iraq 4–1 at Boston Stadium. It was Norway's first World Cup appearance in 28 years, and Haaland's first goal arrived just after the half-hour mark, sliding home David Møller Wolfe's low cross at the far post. Iraq, in only their second-ever World Cup, levelled through a powerful Aymen Hussein header, but Haaland struck again when he charged down a hesitant clearance from goalkeeper Jalal Hassan, the ball rebounding into the net. Leo Østigård headed in a corner on 76 minutes to give Norway breathing room, and Hussein's late own goal rounded off the scoring. "I had a good feeling before the game," Norway manager Ståle Solbakken said. "He lived up to the occasion — it wasn't too big for him." With 57 goals in 51 appearances, Haaland is quickly becoming the tournament's most feared presence.Upcoming Matches for June 17 (all times EST):1:00 PM, Houston Stadium - Portugal vs. Congo DR (Group K)4:00 PM, Dallas Stadium - England vs. Croatia (Group L)7:00 PM, Toronto Stadium - Ghana vs. Panama (Group L)10:00 PM, Mexico City Stadium - Uzbekistan vs. Colombia (Group K)

SEC Chair Paul Atkins said the U.S. Securities and Exchange Commission is reforming its regulatory framework for listed companies to make initial public offerings more accessible to ordinary investors.
According to Odaily, Atkins said the changes are aimed at making it easier for retail investors to participate in IPOs.

Foresight News posted on X (formerly Twitter) about a New York Magazine report detailing the prison conditions and statements of FTX founder Sam Bankman-Fried (SBF), who is serving a 25-year sentence for fraud and conspiracy at the Federal Correctional Institution in Lompoc, California.
According to the report, Bankman-Fried speaks with a journalist one to two times per week and remains cooperative while continuing to insist he is innocent and to argue his case.
The article said he continues taking medication for depression and attention deficit hyperactivity disorder, maintains a vegetarian diet, and avoids eating in the prison cafeteria, instead relying on commissary food to prepare his own meals.
It also reported that Bankman-Fried described himself as having anhedonia, a condition characterized by an inability to feel pleasure, while still presenting an upbeat demeanor in communications with people outside prison.
The report added that when fellow inmate David Bunevacz asked about his plans after release, Bankman-Fried said making significant money would require startup capital of $50 million to $100 million to build a real business, and he said he intends to issue a new token after leaving prison.

Xiaohongshu plans to list in Hong Kong by the end of this year. According to Wall Street Journal, investors expect the company’s valuation to exceed $70 billion.

Russia plans to include USD Coin (USDC) on its approved list of cryptocurrencies for trading, alongside USDT, Bitcoin, and Ethereum, according to Deputy Finance Minister Ivan Chebeskov.
According to ChainCatcher, Chebeskov said the move would proceed despite the Russian central bank previously indicating it would not add more tokens for now.
Chebeskov also said Russia may allow smaller fiat-backed stablecoins from “friendly” jurisdictions, including ruble stablecoins and UAE dirham stablecoins.
Under the proposed framework, non-professional investors would be limited to crypto assets that meet eligibility requirements, including an average market capitalization above 5 trillion rubles over the past two years.
Chebeskov said Russia’s cryptocurrency regulatory bill must be passed before July 1. He added that non-professional investors would receive legal access to crypto for the first time, with an annual investment cap of 300,000 rubles.

Binance Announcement reported that Binance Wallet has extended its zero trading service fee and zero on-chain gas fee promotion for ONDO tokenized securities by one month, pushing the end date from June 18 to July 18, 2026 at 12:00 UTC. The promotion covers eligible transactions involving ONDO tokenized U.S. stock securities conducted through Binance Wallet's Keyless Wallet, exempting users from both service fees and network gas costs for qualifying on-chain transactions. With the extension, the fee waiver has also been broadened to new platforms: users trading ONDO tokenized securities via Binance Wallet (Web) will now enjoy both zero service fees and zero on-chain gas fees, while users on the Binance Wallet Extension will benefit from zero service fees. All other promotion rules, eligibility requirements, and supported assets remain unchanged from the original announcement. The promotion is subject to jurisdictional restrictions and is not available in markets where tokenized securities trading is prohibited.

Robinhood announced Tuesday it will cut 10% of its full-time workforce and close the small number of remaining open roles at the trading platform, according to a Reuters report on June 16.
The company expects to incur approximately $20 million in restructuring charges for employee severance and benefits costs, plus roughly $8 million in share-based compensation expenses — bringing total expected charges to approximately $28 million. Robinhood expects to recognize the charges in the second quarter.
Despite the announcement, Robinhood shares were last up 1.3% in premarket trading — a reaction that suggests investors view the cuts as a cost-efficiency measure rather than a signal of deteriorating business health.

U.S. senators led by Republican Cynthia Lummis urged the Treasury Department to give states an explicit process to prove they can supervise stablecoins under the GENIUS Act. According to CoinDesk, a Tuesday letter said Treasury’s proposed principles for assessing whether state regimes are “substantially similar” to the federal framework lacked timelines and procedural requirements for state certification, leaving states unclear on next steps. The lawmakers asked Treasury Secretary Scott Bessent for written guidance on application, review and certification with clear timelines and flexibility for varied state legislatures.

Bloomberg reported that US Commerce Secretary Howard Lutnick sent a letter to Anthropic CEO Dario Amodei last Friday ordering the company to obtain an individually-validated license from the Commerce Department before exporting, re-exporting, or transferring its Fable 5 and Mythos 5 AI models to any foreign national anywhere in the world. Lutnick cited US laws permitting export controls on civilian technology that could be used for intelligence purposes by an adversary's military, and threatened criminal and civil penalties for non-compliance, though he offered no explicit basis for the restriction.
The directive prompted Anthropic to disable all access to both models late Friday. Since then, Anthropic representatives have held virtual meetings with US officials, and technical staff met with Commerce Department officials in person on Monday. The Trump administration is believed to have acted after determining that Fable 5 — a recently released variant of Mythos — could be jailbroken to bypass cybersecurity guardrails. Anthropic called the government's response disproportionate, warning that applying the same standard industry-wide "would essentially halt all new model deployments for all frontier model providers."
Bloomberg described the order as the most significant US government intervention into an AI company's operations to date, striking Anthropic weeks after it filed confidentially for an IPO at a valuation exceeding $900 billion. Lutnick is traveling with President Trump for the G7 summit in France.

According to the announcement from Binance, the exchange will update the collateral ratio and Tiered Collateral Ratio for Portfolio Margin Pro for certain assets under Portfolio Margin starting from 2026-06-19 06:00 (UTC), with the update expected to be completed within approximately 30 minutes.
Portfolio Margin Changes: Under Portfolio Margin, ADA’s collateral ratio will be adjusted from 90% to 85% on 2026-06-19 06:00 (UTC). Under PM Pro, FDUSD’s tiered collateral settings will also be revised at the same time. The FDUSD structure will move from a rank floor of 30 with a cap of 10,000,000 at 100% collateral ratio to a rank floor of 40 with a cap of 3,000,000 at 100%. Additional tiers will also change, including a 97.50% tier capped at 30,000,000 shifting to a 95% tier capped at 6,000,000, and the highest tier collateral ratio changing from 95% to 90% for the 30,000,000 to 99,999,999,999 range.
Futures Updates: Binance Futures will update leverage and margin tiers for USD-M perpetual contracts, with changes scheduled for 2026-06-19 06:30 (UTC) and expected to take about one hour. Contracts affected include SIRENUSDT, VELVETUSDT, RESOLVUSDT, TRUSTUSDT, THEUSDT, MAVUSDT, SANTOSUSDT, ORDIUSDT, DIAUSDT, and INXUSDT. Binance said existing positions opened before the update will be affected, and futures running grid may expire due to the tier updates.

Bitcoin's drop below $60,000 earlier this month triggered one of the most significant accumulation responses of the current market cycle. Investors bought a net 259,298 BTC between June 5 and June 15, paying prices between $59,000 and $67,000 — and Glassnode's most comprehensive measure of buying conviction has reached its maximum possible reading in response.
The accumulation trend score: 1.0 — the highest possible level
Glassnode's Accumulation Trend Score by Wallet Cohort measures the relative strength of purchasing activity based on both the size of buyers and the amount acquired over the previous 15 days. The score runs from 0 to 1, with 1.0 representing the strongest possible accumulation signal. It currently sits at exactly 1.0 — and has remained at that peak level for more than two weeks, indicating aggressive, sustained buying across cohorts rather than a brief, opportunistic dip-buy that quickly fades.
The duration of the maximum reading is as significant as the reading itself. A single day at 1.0 could reflect a technical spike. More than two consecutive weeks at peak accumulation indicates structural demand re-entering the market — the kind of sustained response that has historically marked meaningful cycle lows rather than temporary relief bounces.
Broad-based buying: from retail to whales
Critically, the accumulation is not concentrated in a single cohort that might reflect one large actor or a narrow technical move. Buying has been broad-based across wallet sizes, ranging from holders with less than 1 BTC — typically retail investors — to those holding as many as 1,000 BTC, which encompasses institutional-scale participants and large individual investors.
This breadth of participation is important context for the demand concerns that CryptoQuant had flagged earlier in the week. While CryptoQuant's metrics showed total demand contracting by 652,000 BTC last week — the largest weekly contraction since January 2022 — Glassnode's UTXO Realized Price Distribution captures a different dimension of demand: not aggregate flow changes, but the actual cost-basis distribution of newly acquired coins. The 259,298 BTC net bought between $59,000 and $67,000 represents real buyers establishing real cost bases in that range — the kind of on-chain demand footprint that creates structural support at those levels.
The reversal from distribution to accumulation
Perhaps the most telling element of Glassnode's data is the contrast with recent history. From March through May, most wallet cohorts were net distributors — sellers — as Bitcoin stagnated around $70,000 without a clear directional catalyst. Holders across the size spectrum were reducing exposure rather than adding to it during that period.
The sub-$60,000 move reversed that dynamic entirely. The same cohorts that were net sellers at $70,000 became net buyers at $59,000 to $67,000 — a behavioral shift consistent with the "close to value" framework that CryptoQuant had identified earlier, where prices approaching realized price ($53,600) reduce the incentive to sell and increase the incentive to accumulate for long-term holders across cohort sizes.
What it means alongside this week's other signals
The Glassnode accumulation data adds the crucial on-chain demand dimension to the recovery case that has been building throughout this week's analysis. Standard Chartered's Geoffrey Kendrick declared all three of his bottom-confirmation signals met on Monday — Strategy's 1,587 BTC purchase, $86 million in positive ETF inflows, and continued oil weakness. Coinbase's Brian Armstrong reiterated his $60,000 bottom call. Bitcoin's weekly RSI bullish divergence — only the second in its history — continues to develop at the 200-week SMA that has marked every prior cycle bottom.
Glassnode's 1.0 Accumulation Trend Score and 259,298 BTC in net buying since June 5 provide the on-chain supply-side confirmation that complements those signals: not only are macro conditions improving and institutional signals turning constructive, but actual Bitcoin is being removed from the market by a broad cross-section of buyers establishing cost bases in the $59,000-$67,000 range. That accumulation, if sustained, creates the demand foundation that CryptoQuant had identified as the missing piece for a confirmed recovery — alongside ETF flow stabilization and the washout of remaining forced sellers.
With Bitcoin currently trading at $66,075 and the Accumulation Trend Score at its maximum reading for more than two consecutive weeks, the on-chain picture heading into Wednesday's FOMC meeting and Friday's Geneva signing is meaningfully more constructive than the demand metrics alone suggested just days ago.

Kong Jianping, co-chairman of Canaan Technology (the world's first blockchain stock) and founder of Nano Labs, sat down for a wide-ranging conversation covering his journey from law school dropout to two-time Nasdaq founder, his views on Bitcoin as a macro anchor, why his listed company chose BNB over Bitcoin as its strategic reserve, and where he sees the next big opportunity in what he calls "Web4."From law school to Bitcoin in 2012Kong first encountered Bitcoin in 2012 — when most people still dismissed it as a scam. Despite graduating from law school, he never practiced law, choosing entrepreneurship from his first year of university. His early ventures included organising driving school recruitment on campus — a business that earned him hundreds of thousands per month before he voluntarily walked away, a pattern of moving on before markets peak that would define his career.Two Nasdaq listings, two different erasKong helped take Canaan Technology public in 2019 after a gruelling six-year journey through A-shares, the NEEQ board, Hong Kong stocks, and finally US markets — setting two Nasdaq records on listing day for in-person and online viewership. The listing required convincing institutions including Morgan Stanley, Credit Suisse, and Deutsche Bank to endorse a company whose product "turns into money just by plugging in" — language regulators initially treated as a red flag for a Ponzi scheme.His second listing, Nano Labs in 2022, was completed in a far more hostile environment — Chinese concept stocks were effectively frozen following the Didi incident, during a crypto winter that coincided with a broader US market crash. Despite the timing, Nano Labs got through because its legal and regulatory groundwork was already solid. Kong credits luck more than judgment for both outcomes.Why BNB, not Bitcoin, for the listed companyKong's personal family office holds Bitcoin primarily, consistent with his view that Bitcoin is the anchor of Web3. But for his listed company's strategic reserve, he chose BNB — reasoning that Michael Saylor's Strategy had already established dominance in the corporate Bitcoin treasury space, and that the next best opportunity was the exchange platform coin of the world's leading crypto exchange.He initially planned a joint $100 million reserve alongside a larger participant, but regulatory concerns around stock price volatility led to a restructuring. The company ended up buying 130,000 BNB at over $600 per token — which rose to $1,300 before retracing. Kong views BNB's relative resilience, compared to Solana and Ethereum which declined more severely from their strategic reserve purchase prices, as validation of the thesis.Bitcoin as anchor — but AI is the sunKong expressed genuine long-term conviction in Bitcoin as the anchor of the future financial system, arguing that as AI increases wealth concentration globally, sovereign governments will have no choice but to print money — at which point Bitcoin's fixed supply becomes its defining advantage. He also cited stablecoins as genuinely more efficient than traditional fiat payment rails.However, he offered a sobering near-term framing: "Without this AI revolution, the Web3 industry is like the moon — sexy and visible. After AI came, AI is like the sun. As long as it rises in the sky, the moon and stars all become invisible." He believes that in three to five years, after AI's high-growth phase passes, Web3 and Bitcoin will reassert their relative strength against other industries.Web4: AI plus Web3, rebranded for a new eraKong coined the term "Web4" to describe the current AI-autonomous-agent era, arguing that "Web3 plus AI" is both technically imprecise and politically difficult to navigate — particularly in mainland China, where calling something "Web3" invites regulatory suspicion while "Web4, an AI autonomous network" is more likely to be welcomed. He has run nearly 40 offline events across China on this theme, with venues of 1,000-2,000 people per city — drawing not crypto natives but traditional industry entrepreneurs seeking to understand AI.Hong Kong, regulation, and the US dollar stablecoin advantageKong has been an early and consistent supporter of Hong Kong as the primary Web3 hub for overseas Chinese — taking that position when most of the industry was focused on Singapore. He credits Hong Kong's regulatory approach as among the best globally, characterising it as focused on financial stability rather than prohibition or unconstrained innovation.On the US stablecoin legislation, he was direct: the framework is designed to enhance the global competitiveness of dollar-denominated stablecoins, increasing competitive pressure on Hong Kong's stablecoin ambitions rather than opening a window for them.Advice for young people entering Web3 todayKong's closing message was consistent throughout the conversation — keep iterating, stay in one major field long enough to catch successive waves, and recognise that in this industry, choice of track matters more than effort applied to the wrong one. He argued that young people are structurally advantaged in the AI era because they are AI natives with faster learning cycles and smaller "ships" that can change direction quickly. The generation entering the workforce now, in his view, faces not structural unemployment but a genuine opportunity to overtake older generations who cannot adapt as quickly.His summary: "If you continue, keep iterating in one field, you may gradually catch up with the fast train of this era — and even play a greater role on it."

Japan’s 10-yen coin, which is predominantly composed of copper, is now worth more in metal than its face value as AI-fueled demand boosts prices for the highly conductive material, according to Bloomberg.

US ADP employment change for the week ending May 30 came in at 25,500, down from the prior week's reading of 29,000, according to Jinshi data released June 16.
The modest week-over-week decline represents a softening in private sector payroll growth — though both readings remain in positive territory, indicating continued job creation rather than contraction. The deceleration from 29,000 to 25,500 is incremental rather than dramatic, and is unlikely on its own to materially shift the Federal Reserve's policy calculus heading into Wednesday's FOMC meeting.
The context: what this means for Wednesday
The reading arrives two days before Chairman Kevin Warsh's first FOMC decision. Markets are currently pricing a 97% probability of a hold at 3.50%-3.75%, a probability that Wednesday's ADP figure does nothing to disturb. The labor market narrative entering the June 17 meeting has been dominated by May's blowout payrolls report — 172,000 jobs added against an 85,000 forecast — which was the primary catalyst behind rate hike expectations being priced in earlier this month.
A softer ADP reading for the May 30 week is marginally consistent with the view that the labor market may be decelerating from that blowout pace, providing a small additional data point alongside Wednesday's core CPI beat at 0.2% and oil's 5% decline following the US-Iran peace deal confirmation. Collectively, these data points give the Warsh-led Fed a slightly more manageable backdrop for Wednesday's statement than existed even a week ago — though the single ADP figure is too small a signal to move the needle meaningfully on its own.

Gold and silver rebounded after testing support levels last week, suggesting they are in a technical rebound phase. According to Ming Pao, it is not advisable to be overly bearish at current levels, and prices are expected to enter a consolidation phase going forward.

Brent crude oil has fallen below $80 per barrel on June 16, dropping 3.56% on the day to its lowest level since March 10 — according to data. WTI crude fell 4.00% intraday to $78.12 per barrel, extending Monday's sharp decline as markets continue pricing in the reopening of the Strait of Hormuz following the confirmed US-Iran interim peace deal.
What the level means
The break below $80 for Brent is a technically and symbolically significant threshold. Oil's peak during the conflict reached approximately $120 in early March — meaning Brent has now retraced roughly 33% from its war-driven high in just days of trading since the peace deal confirmation. WTI at $78.12 is similarly approaching the pre-conflict price range that existed before US-Israeli airstrikes against Iran began on February 28.
The speed of the decline — 3.56% for Brent and 4% for WTI in a single session, following Monday's 5% drop — suggests the market is moving rapidly to price out the geopolitical risk premium that has been embedded in crude prices for over 100 days rather than doing so gradually.

SpaceX shares are drawing warnings of a Tesla-style post-IPO drop days after a record Nasdaq debut, as traders debate whether scarcity can keep SPCX elevated near a $3 trillion valuation. According to BeInCrypto, SpaceX priced at $135 on June 12, raised about $75 billion in the largest IPO on record, and has since traded about 56% higher near $213.95. Kalshi said SpaceX touched a $3 trillion valuation in after-hours trading on $18.7 billion in 2025 revenue. Bears including Ted Pillows and Jo Bhakdi see a potential sharp correction, while Thierry Borgeat argues a tiny float and lockups could prolong the squeeze; lock-up expirations begin in August.

UNI rose 22% in 24 hours to $3.28 on $621 million in trading volume Tuesday. According to NS3.AI, Standard Chartered Global Research published a $100 end-2030 price target for UNI on June 15.
Separately, DefiLlama reported Uniswap’s combined V3 and V4 deployments recorded $1.47 billion in 24-hour DEX volume.

Global gold buying activity has been slowing from the demand side due to continued volatility in international financial markets.
According to Jin10, Indonesia’s Ministry of Trade said the ongoing fluctuations in global financial markets have contributed to softer gold purchasing activity worldwide.

Two oil tankers heading toward Africa have made U-turns in the Indian Ocean this week, switching their destinations to the Middle East. In a sign shipowners are repositioning vessels, according to Bloomberg, the moves come ahead of the possible reopening of the Strait of Hormuz.

Crude oil prices swung and then fell sharply this pricing cycle as the Middle East situation shifted and a peace agreement was described as nearing completion, pushing the crude oil change rate further into negative territory.
According to Jin10, Sublime China Information calculated that as of the close on June 16, the crude oil change rate on the ninth working day was -10.72%, and gasoline and diesel prices were expected to be cut by 475 yuan per metric ton.
With only one working day remaining before the pricing adjustment window, the report said there was a high likelihood that China’s retail prices for refined oil products would be reduced significantly at 24:00 on June 18 (UTC+8), with the final cut possibly exceeding 500 yuan per metric ton.
The report added that this adjustment would mark the first back-to-back retail fuel price declines so far this year, and would further lower consumers’ fuel costs ahead of the Dragon Boat Festival holiday.

The Nasdaq’s decline widened to 1%, while SpaceX (SPCX.O) pared its gains to 5%.
According to Jin10, the moves reflected a broader pullback in the Nasdaq alongside a reduced advance in SpaceX.

The global cryptocurrency market cap now stands at $2.28T, up by 1.81% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $64,833 and $66,818 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $65,046, down by -2.36%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include D, MBOX, and HIGH, up by 62%, 32%, and 28%, respectively.
Top stories of the day:
From Law School to Two Nasdaq Listings: Kong Jianping on Bitcoin, BNB Strategic Reserves, Web4, and Why Young People Should Stop Worrying About AI
Bitcoin News: Bitcoin Buyers Have Accumulated 259,000 BTC in 10 Days — Glassnode's Demand Score Hits Its Highest Possible Reading
Oil Accelerates Lower — Brent Breaks $80 for First Time Since March 10, WTI Falls 4% to $78.12
Market News: US ADP Employment Change Falls to 25,500 for Week Ending May 30 — Softer Than Prior Week's 29,000
Market movers:
NVDAB: $208.75 (-1.50%)
SPCXB: $207.94 (-2.53%)
TSLAB: $404.09 (-0.08%)
MUB: $1060.56 (-5.50%)
SNDKB: $2046.37 (-4.62%)
ETH: $1775.04 (-0.89%)
BNB: $602.51 (-2.20%)
XRP: $1.1968 (-3.33%)
SOL: $72.53 (-3.23%)
TRX: $0.3198 (+0.69%)
Top gainers on Binance:
D/USDT (+62%)
MBOX/USDT (+32%)
HIGH/USDT (+28%)

Gold held gains as the US and Iran prepared to sign an interim peace deal that may ease global inflationary pressures arising from the war, according to Bloomberg.

General Motors Co. has held discussions with RTX Corp. and other defense contractors about helping weapons makers increase production. According to Bloomberg, expanding output is a key demand of the Trump administration.

Asian markets were mixed early Wednesday as investors assessed the US-Iran deal and monitored peace talks and the planned reopening of the Strait of Hormuz. Oil prices edged up, according to RTHK, after plunging more than 5% a day earlier on optimism for a lasting agreement following more than three months of conflict.
In Hong Kong, the Hang Seng Index added 1.9 points, or 0.01%, to open at 24,495. Japan's Nikkei rose 0.6% to 69,823 after recouping early losses, while the broader Topix gained 0.8% to 4,024 as investors awaited the US Federal Reserve's policy decision.
South Korea's Kospi fell 30 points, or 0.35%, to 8,696, tracking overnight losses in US technology stocks, though chipmaker SK Hynix rose to a record high.

SK Hynix shares extended gains and set another record high, with the stock trading at 2.41 million won. According to Odaily, the company’s share price continued to reach new historical highs as the rise widened.

Gold rose in early Asian trading.
According to Jin10, The Revacy Fund CEO Zaheer Anwari said improved market confidence, driven by easing concerns over energy supply disruptions, inflation, and interest rates, has created a more favorable environment for gold.
Traders are closely watching decisions from multiple central banks this week. Anwari said the Bank of Japan’s rate hike has supported Japanese bond yields and may limit gold’s upside, while investors expect the Federal Reserve to keep interest rates unchanged.
He added that if the Fed’s updated economic and inflation projections remain positive, gold prices may rise further. Anwari also said continued central bank buying could provide strong structural support.
Anwari said gold prices should find stable support around $4,000 per ounce.

Bonds advanced and oil hovered near a three-month low ahead of the Federal Reserve’s policy decision. According to Bloomberg, a sharp slide in energy prices helped ease fears of a renewed inflation shock.

Oil briefly touched a fresh three-month low before paring losses as prices stayed under pressure from a looming US-Iran deal that could add more barrels to the market, according to Bloomberg.

A whale placed a $21.23 million bearish options position on Micron, according to analyst Rocky in a post on X.
According to Odaily, the trade involved MU $900 put options expiring on June 26, 2026, with a premium of $21.23 million, volume of 7,311, open interest of 3,909, and an out-of-the-money level of 13%.
Odaily reported that more than 84% of the volume executed at the ask price, indicating active put buying. The position size exceeded existing open interest, suggesting it was a new bearish bet.
The report added that the option premium rose throughout the trading session and closed near its high, and described the trade as one of the largest semiconductor put option transactions in the market that day.

Morgan Stanley Chief Investment Officer Mike Wilson said investment opportunities are emerging as the S&P 500 pulls back.
According to NS3.AI, Wilson said consumer discretionary goods, transports, and regional banks have risen more than 10% over the past month, even as the S&P 500 was down modestly.
Wilson pointed to the relative strength in those areas as a sign that select parts of the market are holding up despite the broader index’s decline.

Stellantis NV pledged new investments in Italy as it works on a European turnaround plan that is likely to involve difficult decisions. In a sign of improved relations, Chief Executive Officer Antonio Filosa gained some credibility with labor leaders, according to Bloomberg.

Brazil’s central bank is likely to cut its key interest rate by a quarter-point on Wednesday as policymakers weigh inflation risks, according to Bloomberg, with an Iran peace deal easing some pressure.

European equities have presented selective value opportunities after a recent decline in oil prices, according to Hugh Gimber, a global market strategist at J.P. Morgan Asset Management.
According to Jin10, Gimber said a temporary peace agreement that the United States and Iran were set to sign on Friday had helped cool energy prices and created opportunities beneath the surface of major equity indexes.
He said bank stocks still had room to rise as the yield curve steepened. He also described chemical stocks as attractive because their businesses are highly dependent on energy, and they could benefit if the recent oil-price shock reverses.
“I still think there are plenty of opportunities to position selectively within European markets,” Gimber said.
On the European Central Bank, he said market expectations that it would need to raise interest rates appeared overstated.
Gimber added that if 2025’s theme was embracing global asset diversification, he saw no reason not to continue that process now that investors could begin considering how to get through the worst period of the shock.

Cathie Wood’s ARK Invest bought $529.7 million of SpaceX stock on its June 12 IPO debut and sold Tesla shares the same day. According to BeInCrypto, ARK purchased 3.29 million SpaceX shares at the $135 IPO price, with the stake valued at $529.7 million at the close after the stock surged 19%.
ARK also trimmed holdings in Tesla, Advanced Micro Devices, Rocket Lab, Roku, and Baidu. SpaceX disclosed an accumulated deficit of $41.3 billion as of March 31, and said it has never paid a dividend and does not plan to in the foreseeable future.

Concerns are rising that Laopu Gold Co., one of China’s hottest consumer brands, is losing momentum as sales slow, its share price slumps and the gold market sells off. In the backdrop, according to Bloomberg, investors are weighing whether the company’s recent growth can hold up amid weaker demand signals and a tougher market for gold-linked products.

A T. Rowe Price economist said the Bank of England’s next move is more likely to be an interest-rate cut than a hike.
According to Jin10, T. Rowe Price economist Tomasz Wieladek wrote in a report that U.K. inflation in May held steady at 2.8%, marking a second consecutive month below expectations.
Wieladek said food inflation came in notably weaker than expected. He added that even excluding food, most categories’ contributions to May inflation tilted to the downside.
He said U.K. monetary policy appeared to be working, arguing that a prolonged period of restrictive policy had, to some extent, weakened inflation momentum.
As a result, Wieladek said policymakers were likely to conclude there was no need for further rate increases to stabilize inflation, particularly given the impact of the Middle East conflict on the real economy.

A protest at Rio Tinto Group’s Oyu Tolgoi copper mine in Mongolia is threatening deliveries of concentrate. In a social media post, according to Bloomberg, the company’s local subsidiary warned the disruption could affect shipments.