Here's today's focus:
1. The worrying situation has indeed occurred, Israel strikes Iran, with clear objectives: to target Iran's nuclear facilities, and they won't stop until they achieve their goals. The market reacted with panic selling, and Bitcoin directly fell below $103,000.
2. The number of initial jobless claims in the U.S. for the week ending June 7 recorded 248,000, higher than the expected 240,000, marking a new high since the week of October 5, 2024. The core PPI for May in the U.S. recorded a monthly rate of 0.1%, lower than the expected 0.30%. Traders have once again fully priced in two rate cuts by the Federal Reserve within the year.
3. Trump continued to call out Powell, labeling him a fool, and urging him to cut rates by 200 basis points. There is a widespread expectation of two rate cuts within the year, and both the stock market and cryptocurrency market are analyzing and discussing when the Federal Reserve will actually cut rates.
4. Yesterday, the #VIRTUAL platform's #iris new token offering left participants stunned, with returns essentially between 200-500x. Retail investors have limited options besides on-chain PVP; stable income mainly comes from #Binance Alpha and #Virtual's points offerings, as well as content from #Kaito #Cookie.
5. The on-chain $aura has surged wildly, with FDV approaching $200 million, causing a FOMO among foreign investors. It's incredibly challenging to seize such opportunities, heavily relying on market makers.
6. CEX altcoins have plummeted, with the ETHBTC trading pair falling below 0.025. The situation for other altcoins is hard to describe; #Virtual #aave #launchcoin, etc., have all seen significant pullbacks. This market cycle is extremely difficult to navigate; altcoins should not be treated lightly, even top altcoins are no exception.
7. Over the past 24 hours, the entire network has seen liquidations totaling $1.017 billion, with long positions liquidating $944 million and short positions $73.49 million. A total of 214,766 people globally were liquidated. Cherish your life and stay away from contracts; only by staying alive can one have hope.
8. The SEC has postponed its decision on the approval of spot ETFs for Dogecoin, Hedera, and Avalanche.
9. The NFT market Solsniper announced it will close at noon (PST) on June 13, 2025.
10. Tencent Holdings Limited is exploring a potential acquisition of the South Korean gaming company Nexon and has already reached out to the family of the late founder Kim Jung-ju to discuss the possibility of acquisition. $NXPC surged by 11% yesterday but then followed the market downwards.
