News on June 12

• Geopolitical Tensions Between Israel and Iran: The conflict between Israel and Iran could disrupt the oil market, leading to increased inflation and the possibility of the Fed raising interest rates, impacting Bitcoin. JPMorgan predicts oil prices could reach 120 USD, which could tighten liquidity and push investors away from riskier assets like Bitcoin towards safer assets.

• US CPI Report: The US Consumer Price Index (CPI) report shows that inflation slightly decreased to 2.4% in May, lower than market expectations. However, if the Israel-Iran conflict escalates, inflation could rise to 5%, affecting the crypto market.

• BlackRock Buys ETH in Bulk: BlackRock, one of the largest asset management firms in the world, is reportedly buying additional Ethereum (ETH) in large volumes, drawing attention to major Blockchain assets.

• ETF Capital Flows Set New Record: Combined capital flows from BTC and ETH spot ETFs reached a new daily record, emphasizing the view that managed financial instruments are driving the current bull market.

• Historic Cryptocurrency Bill Progresses: The US Senate voted 68-30 to advance a comprehensive cryptocurrency regulation bill, marking an important step towards clearer federal oversight of digital assets.

• GameStop Raises 1.75 Billion USD to Purchase More Bitcoin: GameStop has raised 1.75 billion USD to buy more Bitcoin, showing the increasing interest of large companies in digital assets.