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Markets are kicking off the morning on a strong note following a wave of supportive macro headlines.
U.S. CPI for May came in at 2.4% YoY, slightly below the 2.5% forecast. Risk assets including equities and crypto popped on the release, as the print reinforces the narrative that disinflation remains on track. Despite lingering uncertainty around the inflation path, traders remain confident the Fed will begin cutting rates this year. The futures market now fully prices in two rate cuts, with the first expected in September and another in December.
On the geopolitical front, China and the U.S. reached a preliminary consensus on trade after two days of negotiations in London. Under the tentative framework, China would allow exports of rare earth minerals, while the U.S. would ease restrictions on advanced tech goods. This builds on the temporary tariff reductions agreed to in May, although a comprehensive deal is still pending. Meanwhile, rising long-end yields are stirring concerns around sovereign debt sustainability, especially as major economies continue to run expansionary fiscal policies.
ETH continues to benefit from the momentum in spot ETF flows with $460 million so far this month and over $1 billion since May, highlighting growing institutional interest. With stablecoins gaining traction among regulators and Ethereum acting as the core infrastructure for tokenization and settlement, ETH is well-positioned for structural upside. That said, price action looks somewhat overextended, opening the door for a tactical long entry into SOLETH. The pair is down 30% since May but could catch a bid soon, especially as Bloomberg reports that spot SOL ETFs could receive SEC approval within the next month.
Elsewhere, stablecoin regulation is back in focus. The bipartisan GENIUS Act which targets U.S. dollar-backed stablecoins, is under active debate in the Senate, with 122 amendments filed ahead of the June 11 cloture vote. While the bill aims to provide much-needed regulatory clarity, it’s also raising flags around potential systemic risks tied to stablecoin issuers’ Treasury exposure.
The News Room
Fortune 500 blockchain adoption hits 60% as institutions inject $50B into crypto funds in Q1
According to Coinbase’s Q1 “State of Crypto” report, 60% of Fortune 500 firms are now running on‑chain pilots—up from 5.8 to 9.7 projects per company year‑over‑year—with nearly 20% calling blockchain central to their future strategy. Executives across retail, healthcare, automotive, and food sectors are exploring use cases from payments to identity solutions, and half report rising blockchain capex. Institutional sentiment is equally bullish, with $50 billion flowing into the top 10 spot‑Bitcoin ETFs—double first‑year inflows of traditional ETFs—and $3.5 billion poured into Ethereum funds. Most institutions plan to increase crypto exposure in 2025, with many diversifying beyond BTC and ETH into tokenized real‑world assets
Sources disclosed that the SEC has asked Solana ETF issuers to submit amended S‑1 filings clarifying in‑kind redemptions and staking procedures, with a promise to respond within 30 days. The amendments, structured under the expedited “C‑Corp” route, could see approvals for Solana spot ETFs—including limited staking capabilities—as soon as 3–5 weeks from filing. Bloomberg analysts note that while approval of altcoin ETFs was expected by October, this fast‑track process might see listings launch as early as early July
Blockchain Group wins approval for $11 B raise to execute aggressive Bitcoin acquisitions
On June 10, The Blockchain Group secured shareholder support (95%+ votes) to raise up to €10 billion (≈$11 billion) for Bitcoin acquisitions. This authorization expands far beyond its initial €300 million at‑market facility, empowering management to issue equity, bonds, warrants, or convertible instruments as needed. Already holding 1,471 BTC after a €69 million purchase, the Paris‑listed firm aims to become Europe’s most aggressive BTC buyer, with new board appointee Alexandre Laizet leading the expanded strategy through 2030
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