Bitget Daily Digest (June 9) Fed Whisperer: US Economy Faces a “Turbulent Summer”; CPI & PPI to Test Market Sentiment This Week
远山洞见2025/06/09 01:51
By:远山洞见
🔎 Today‘s Preview
1.US May NY Fed 1-Year Inflation Expectations to be released today (previous: 0.60%).
2.SEC’s Crypto Asset and Cyber Unit will host a
“DeFi and the American Ethos” roundtable on June 9, agenda and guest list released.
3.dYdX Chain-Ethereum bridge to officially shut down today, following a community vote (~91% in favor). Final on-chain proposal set for June 9, 2025.
4.Movement (MOVE) will unlock ~50 million tokens at 8 PM today, 1.96% of supply ($7.1M in value).
🌐 Macro & Market Highlights
1.Trump Advisor: Public too focused on Trump vs. Musk drama, ignoring two major positives:
GDP growth at 4.7% for the quarter (vs. 1.8% CBO forecast).
Imports halved from the prior month, validating Trump’s tariff strategies.
“The key to 2026 midterms will be the economy,” says Dick Morris.
2.Nick Timiraos (WSJ, Fed Whisperer):
Job data seems solid, but firms are quietly cutting hiring and investment.
Trump's unpredictable tariff policy has CEOs on edge.
FedWatch (CME):
June: 99.9% probability of rate hold.
July: 83.4% hold, 16.5% for a 25bps cut.
3.US Crypto Bill Update:
The
CLARITY Act has received an
Alternative Amendment (ANS), updating its regulatory framework.
Will be reviewed in Tuesday’s House Financial Services Committee hearing.
4.Russia-Ukraine War Escalates:
Russia advances into Dnipropetrovsk, signaling a potential new territorial phase.
US intel expects a massive retaliatory strike within days targeting symbolic Ukrainian institutions.
5.Michael Saylor Hints at BTC Buy:
Posted BTC Tracker with caption “Orange dots inbound” on June 8 — typically precedes MicroStrategy’s purchase disclosure.
6.Markets Last Week:
S&P 500 hit 3-month high;
Tesla rebounded over 3%.
US stock funds still saw outflows due to trade policy fears.
Gold down late-week but finished positive at $3,311.68/oz.
CPI data due Wednesday could challenge rate-cut optimism.
📊 Market Overview
1.BTC trending upward with mixed sentiment.
$LABUBU (meme coin) leads losses; market cap drops below $25M.
$HUMA ranks fourth in trading volume behind $SOL.
24h liquidations: $96.07M (mainly longs).
2.Bitget BTC/USDT liquidation map:
Drop to
$103,675 could trigger
$460M in long liquidations.
Rise to
$107,675 could liquidate
$430M in shorts.
Longs remain at greater risk — leverage caution advised.
3.24h BTC Spot Flow:
Inflow: $970M | Outflow: $930M | Net: +$40M
4.Top Contract Net Outflows:
$ETH, $MASK, $LPT, $FIL, $TRX — potential trade setups.
🧠 Institutional Views
10x Research: BTC's next move could set the tone for the entire summer.
Source
Airwallex: Stablecoins still not ready to replace traditional cross-border payments.
Source
Glassnode: Two critical BTC thresholds: $114,800 (resistance) and $83,200 (support).
Source
🗞️ News Round-Up
1.Nasdaq files to add
XRP, SOL, ADA, XLM to crypto index.
2.US Democrats to hold a hearing on the
“No Trump in Crypto” Bill next week.
3.Argentine Anti-Corruption Office: Milei’s Libra tweet was personal, not unlawful.
4.Japan passes
Payment Services Act revision to regulate crypto intermediaries.
5.US lawmaker proposes
HR 3798 to create
National BTC Reserve Strategy.
🚀 Project Updates
1.BTC on-chain activity hits lowest level since Oct 2023.
2.Ethereum ACDE #213: Gas limit increase to 60M postponed.
3.dYdX confirms final proposal on bridge termination scheduled.
4.NFT volume rises 1.95% this week to $106.2M —
Immutable up over 100%.
5.
Dusk launches
DuskPay with initial use in Italian betting sector.
6.
Sonic Labs to open token claim post-audit.
7.
Astria halts Flame EVM project.
8.
Farcaster to airdrop NFTs to top 10,000 Pro users next week.
9.ether.fi resolves Discord incident — active monitoring continues.
🔥 X Highlights
1. Web3 Philosopher Arnaud: Believe as the True Narrative Engine
Unlike single-theme tokens like $AI16Z,
Believe builds a modular Web3 VC ecosystem.
Tokens like $KLED, $PCULE, $BEU combine AI, PayFi, RWA, and SaaS utility.
Read more
2. Bruce J: USDT vs USDC – The Grey vs the Legal Economy
$USDC seeks regulation & legitimacy (exit from Tron), $USDT remains dominant via flexibility.
Predicts $CRCL could hit $100B+ market cap by 2028 halving.
Read more
3. BITWU.ETH: Only 2.5% Make >$500 in PumpFun – Yet People Keep FOMOing
PumpFun model is a psychological trap: bots, insiders, and social FOMO crush average retail.
Participation itself becomes the “product.”
Read more
4. BroLeon: How Retail Can Actually Win – Stop Gambling, Start Grinding
Real success = low-risk opportunities (Airdrops, Alphas) with consistent action.
“Most people don’t lack info, they lack execution.”
Read more
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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