CBO Says US Budget Shortfall Could Reach $294 BillionThe Congressional Budget Office warned that the federal government's fiscal position is worsening, with markets watching the potential for a wider deficit and increased Treasury issuance. Walter Bloomberg reported on June 8 that the CBO estimates the6.8
BofA Sees Rising Risk of a Stock-Market Peak, Advises Taking Some ProfitsBank of America said warning signs of a potential peak in U.S. equities are increasing and advised investors to take some profits. The call comes as markets weigh whether the recent rally has left stocks overheated. Walter Bloomberg reported on June 6.8
US Stocks Rise; Nasdaq Gains 1.65%The three major U.S. stock indexes were trading higher. The Nasdaq Composite rose 1.65% from the previous close to 26,133.56 as of 1:33 a.m. on June 9. The Dow Jones Industrial Average added 0.23% to 50,981.84, while the S&P 500 gained 0.91% to 7,4506.8
TON Strategy Earned $5.6 Million in TON Staking Rewards in MayNasdaq-listed TON Strategy, an investor in Telegram-linked blockchain TON, said it earned about $5.6 million in TON staking rewards last month. Crypto news outlet The Block reported on June 8 that TON Strategy announced through its official channel t6.8
Iran Negotiator Says US, Israeli Assets Are Legitimate Attack TargetsMohammad Bagher Qalibaf, Iran's negotiator, criticized the US maritime blockade on Iran and Washington's support for Israel, warning that American and Israeli assets in the Middle East could be targeted. Markets are watching for a renewed escalation 6.7
US Stocks Close Lower, Nasdaq Drops 4.18%The three major US stock indexes closed lower on June 6. The Nasdaq Composite fell 4.18% from the previous session to 25,709.43. The Dow Jones Industrial Average dropped 1.35% to 50,866.78, while the S&P 500 fell 2.64% to 7,383.84.6.5
US to Refill SPR With Additional 40 Million Barrels After Iran Conflict Ends, Energy Secretary SaysU.S. Energy Secretary Chris Wright said the U.S. plans to expand the Strategic Petroleum Reserve after the conflict involving Iran ends. Markets are watching the implications for U.S. energy security policy and the outlook for crude supply. Walter Bl6.5
Iran-US Talks Stall Over Frozen Assets Dispute, Khamenei Adviser SaysNegotiations between the US and Iran have stalled over disagreements بشأن the release of Iran’s frozen assets, an adviser to Iran’s supreme leader said. Markets are watching whether the two sides can strike a deal and whether tensions in the Middle E6.5
CLARITY Act Stalls Ahead of Senate Vote as Democrats Demand Ethics DealThe CLARITY Act, a key US bill to regulate digital assets, is facing last-minute resistance ahead of a Senate floor vote. Markets are watching for a possible delay in the bill's passage. CoinDesk reported on June 5 that the path to a Senate vote has 6.5
US Stocks End Mixed; Nasdaq Slips 0.09%The three major US stock indexes ended mixed on June 5. The Nasdaq Composite fell 0.09% from the previous session to 26,830.96. The Dow Jones Industrial Average rose 1.73% to 51,562.30, while the S&P 500 gained 0.41% to 7,584.82.6.4
Kansas City Fed’s Schmid Says Inflation Still Too High, Fueling Bets on Later Rate CutJeff Schmid, president of the Federal Reserve Bank of Kansas City, said US inflation remains too high, reinforcing market expectations that the Federal Reserve could delay interest-rate cuts. Walter Bloomberg reported on June 4 that Schmid said “infl6.4
BTCBitcoin Briefly Drops Below $63,000Bitcoin briefly dropped below the $63,000 mark. As of 2:46 a.m. on June 5, Bitcoin was trading at $62,996.64 on Binance's Tether (USDT) market, down 4.62% from a day earlier.6.4
Republican Lawmakers Urge Regulators to Scrap Basel’s 1250% Risk Weight for Digital AssetsRepublican lawmakers led by US Senator Cynthia Lummis urged financial regulators to eliminate the Basel Framework’s 1250% risk weight for digital assets. The issue is drawing market attention because it could shape whether banks expand their cryptocu6.4
Trump Says Iran Is Close to Signing Deal, Would Renounce Nuclear WeaponsPresident Donald Trump said negotiations between the US and Iran have entered their final stage, as markets watch for a possible breakthrough in nuclear talks between the two countries. Speaking on June 3, Trump said Iran was close to signing an agre6.3
BTCCharles Schwab Says Bitcoin Weakness Stems From Fading Momentum, Not Saylor SellingCharles Schwab said Bitcoin's recent weakness reflects fading market momentum rather than selling by Michael Saylor. The shift has sharpened attention on changing capital flows across the digital-asset market. CoinDesk reported on June 3 that Jim Fer6.3
U.S. Stocks Turn Lower; Nasdaq Falls 0.84%The three major U.S. stock indexes were trading lower as of 2:54 a.m. on June 4. The Nasdaq Composite fell 0.84% from the previous session to 26,865.71. The Dow Jones Industrial Average was down 0.83% at 50,882.45, while the S&P 500 slipped 0.55% to 6.3
Solayer Launches On-Chain Perpetual Futures PlatformSolayer, an SVM-based Layer 1 blockchain, has launched an on-chain perpetual futures trading platform, a move that could intensify competition in the on-chain derivatives market. Crypto media outlet The Block reported on June 3 that Solayer had launc6.3
Bitwise Says Bitcoin Fair Value Could Reach $224,000 as Sovereign Default HedgeBitcoin’s theoretical fair value could reach $224,000 if it becomes established as a hedge against sovereign bond default risk, Bitwise said. The thesis reflects a growing market view that Bitcoin’s role could expand beyond digital gold to include pr6.3
US Stocks Close Higher; Nasdaq Rises 0.03%The three major US stock indexes closed higher on June 3. The Nasdaq Composite rose 0.03% from the previous session to 27,093.90. The Dow Jones Industrial Average gained 0.45% to 51,308.46, while the S&P 500 advanced 0.13% to 7,609.94.6.2
ETHTom Lee Sees Ethereum Reaching $250,000 Long Term as AI, Tokenization Fuel GrowthTom Lee, chairman of Ethereum treasury company BitMine Immersion Technologies and co-founder of Fundstrat, set a long-term price target of $250,000 for Ethereum. The call comes as expectations build that artificial intelligence and real-world asset t6.2
Only 7% of EU Crypto Firms Have Secured MiCA LicensesOnly a single-digit share of cryptocurrency firms in the European Union have secured licenses under MiCA, the bloc’s Markets in Crypto-Assets regulation. The low compliance rate is drawing attention to the potential for an industry shakeout ahead of 6.2
Bubblemaps Flags LAB as Suspected Price Manipulation, Urges Exchange ActionOn-chain analytics firm Bubblemaps raised suspicions of price manipulation in the LAB token and called for action from centralized exchanges, or CEXs. The issue has drawn market attention to insider trading in small-cap cryptocurrencies. On June 2, B6.2
Oil Erases Losses, WTI Climbs Back Above $92 a BarrelInternational oil prices erased their intraday losses and turned higher, with the market closely watching U.S.-Iran talks and developments in the Middle East. Walter Bloomberg reported on June 2 that West Texas Intermediate futures recovered earlier 6.2
IRGC Commander Says Bab el-Mandeb Could Become Like Hormuz if Israel Continues Lebanon, Gaza OperationsEsmail Qaani, commander of the Quds Force of Iran’s Islamic Revolutionary Guard Corps, said the Bab el-Mandeb Strait could come to resemble the Strait of Hormuz if Israel continues its military operations in Lebanon and Gaza. Markets are watching for6.1
Trump Says Israel, Hezbollah Agree to Halt AttacksPresident Donald Trump said Israel and Hezbollah had agreed to halt attacks on each other. Markets are watching how easing tensions on the Lebanese front could affect the broader situation in the Middle East. Walter Bloomberg reported on June 1 that 6.1
Trump Says He Received No Notice Iran Halted Talks With USPresident Donald Trump said he has not received any official notice that Iran has suspended negotiations with the US, countering reports that the talks had been halted. Markets are closely watching whether Washington and Tehran will keep negotiations6.1
Benjamin Cowen Says Bitcoin’s June Weakness in US Midterm Election Years Is a Recurring PatternCryptocurrency analyst Benjamin Cowen said Bitcoin’s recent weakness resembles a seasonal pattern that has repeatedly appeared in US midterm election years, as the market remains split over the latest BTC pullback. In a post on X on June 1, Cowen wro6.1
Iran Negotiator Says No Deal With US Until National Rights Are GuaranteedIranian negotiator Mohammad Bagher Qalibaf said Tehran will not accept any agreement with the US unless its national rights are guaranteed. Markets are closely watching whether Washington and Tehran can reach a final deal. Walter Bloomberg reported o5.31
US Defense Chief Says Iran Maritime Blockade Remains in Place, Military Ready if Talks FailUS Defense Secretary Pete Hegseth said the maritime blockade on Iran remains in place and that Washington is prepared to resume military intervention if negotiations collapse. Markets are watching US-Iran talks and developments in the Strait of Hormu5.30
US Stocks Turn Higher; Nasdaq Rises 0.12%The three major US stock indexes turned higher. The Nasdaq Composite rose 0.12% to 26,949.39 as of 4:23 a.m. on May 30, compared with the previous close. The Dow Jones Industrial Average gained 0.62% to 50,981.55, while the S&P 500 added 0.19% to 7,55.29
