Trump criticizes Musk, Musk criticizes the deficit, U.S. stocks explode, the crypto world trembles, Circle's IPO skyrockets, and USDC becomes Wall Street's darling.
📈【Performance of the three major coins: rising like models on the runway】
The three major coins are partying today, the scene is even livelier than a birthday party for a Wall Street financier.
Bitcoin (BTC): from yesterday's $101,577 all the way to $104,498, up +2.87%, strongly appealing to 'institutional daddy'. MicroStrategy is still hoarding, Fidelity's ETF continues to add, even El Salvador isn't pretending anymore, buying by the ton.
Ethereum (ETH): gentle yet firm, the price walks from $2,424 to $2,472, up +1.97%. Although it didn't astound everyone, the ETH/BTC ratio held steady, performing a slow-burning drama of 'stability with growth'.
Binance Coin (BNB): up +1.42%, from $633 to $642, like an intern riding the coattails of the team, standing next to BTC nodding and smiling, doing nothing, yet still showing a fairly stable trend.
What are the highlights behind the scenes?
No major news, but institutional dynamics and prediction frenzy have inflated market sentiment like a hot air balloon.
Technically, it looks like a repeat of the 'breakthrough → pullback → holding steady' old routine.
To sum it up: the bull market hasn't returned, but at least the retail investors aren't crying today.
One-sentence comment:
BTC is swinging the hammer, ETH is auditioning, BNB is mingling—laying the groundwork for the 'next plot twist'.
Below, the crypto world still enjoys the HBO magical drama content.
👴🛸【President angrily confronts Martians】
Last night, the audience stayed up late, as Trump and Musk threw insults at each other on X and Truth Social. The trigger was a 'beautiful big bill'—the 'One Big Beautiful Bill Act', Trump wanted to spend $6 trillion as campaign candy, Musk retorted: 'disgusting'. Trump didn't hold back, directly threatening to cut SpaceX and Tesla's government contracts, saying Musk was 'crazy'.
The result? Tesla's stock price fell 14% in one day, wiping out $152 billion in market value, retail investors lay flat, and shorts feast. The White House rushed to extinguish the fire the next day, saying they would arrange a call between the two on June 7, 'Our relationship has never been better'—sounds more guilt-ridden than a couple breaking up saying 'we're still friends'.
Impact on the crypto world? Musk is the 'Secretary of Government Efficiency' in the Trump administration, code-named DOGE. When the two argue, the Dogecoin atmosphere becomes unstable, casting a shadow over Trump's crypto policy. DOGE really becomes the 'efficiency dog', but the efficiency is the kind of dog.
🏦📈【Stablecoin rush to go public】 Circle goes public, the scene is comparable to 'the crypto version of OpenAI'.
On the day of the IPO, it was oversubscribed 25 times, opening at $69 and soaring to $103, closing at $84.92, with a market cap of $187 billion, stablecoin is unstable but still stands out.
Institutions are frantically accumulating:
ARK bought 4.5 million shares, $373 million, Cathie Wood continues to bet on the future.
BlackRock quietly controls the market, buying 10% of the shares, continuing to manage USDC reserves.
Coinbase is smirking: 50% of USDC revenue is in, and the Base chain firmly occupies the ecological center stage.
Hong Kong is also happy: China Everbright Holdings rises over 26% due to early investments.
Regulatory winds have changed dramatically:
The U.S. passed the (GENIUS Act), giving stablecoins a legal halo.
Hong Kong will launch stablecoin regulations in June, and the Asian market opened with a rise.
Circle is not an IPO, it's a 'financial giant's coming-of-age ceremony', the next step may be to harvest the global payment network. Meanwhile, Tether looks on with envy: 'You're the Fed's darling, I don't even have a guardian.'
🔮💸【XRP fortune teller conference】 XRP community once again summons the crystal ball today:
WatersAbove: Soared to $10 on June 18 (currently $2.20)
Dark Defender: Target 23.20
Dr Cat: No rush, the bull market will wait until November.
This is not a prediction, it's a stream of dream talk. But the market loves to hear myths, after all, it's better than reality. And the reality is, XRP rose 1.6% today, still light-years away from $10.
