Daily Crypto & Economic Pulse - June 12, 2025
Economic & Political Headlines:
Global markets remain cautious as U.S.-China trade tensions escalate, with the U.S. imposing a 55% tariff on Chinese imports, while China retaliates with a 10% levy. Meanwhile, softer-than-expected U.S. CPI data (up just 0.1% MoM) has fueled speculation of earlier Fed rate cuts, weakening the USD and boosting risk assets like crypto.
Bitcoin (BTC): El Salvador continues its accumulation strategy, adding 8 BTC this week, bringing its total holdings to 6,204 BTC. The move aligns with President Nayib Bukele’s long-term bet on BTC as a reserve asset.
Solana (SOL): Moody’s has successfully tested embedding municipal bond credit ratings on Solana’s blockchain, a milestone for real-world asset (RWA) tokenization. This could accelerate institutional adoption of SOL’s high-speed infrastructure.
Hamster (HMSTR): The meme coin’s ecosystem is gaining traction as its parent project, Try Your Best (TYB), secured $11M Series A funding led by Offline Ventures. TYB’s gamified loyalty platform, which rewards users with HMSTR-linked NFTs, aims to bridge Web3 and retail engagement.
Singapore tightens crypto oversight, urging unlicensed platforms to exit, while the U.S. Senate advances the GENIUS Stablecoin Act, potentially paving the way for clearer crypto regulations.
Stay tuned for tomorrow’s pulse!