Bitget Daily Digest (June 9) Fed Whisperer: US Economy Faces a “Turbulent Summer”; CPI & PPI to Test Market Sentiment This Week

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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).

Bitget Daily Digest (June 9) Fed Whisperer: US Economy Faces a “Turbulent Summer”; CPI & PPI to Test Market Sentiment This Week image 1

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.

Bitget Daily Digest (June 9) Fed Whisperer: US Economy Faces a “Turbulent Summer”; CPI & PPI to Test Market Sentiment This Week image 2

3.24h BTC Spot Flow:

Inflow: $970M | Outflow: $930M | Net: +$40M

Bitget Daily Digest (June 9) Fed Whisperer: US Economy Faces a “Turbulent Summer”; CPI & PPI to Test Market Sentiment This Week image 3

4.Top Contract Net Outflows:

$ETH, $MASK, $LPT, $FIL, $TRX — potential trade setups.

Bitget Daily Digest (June 9) Fed Whisperer: US Economy Faces a “Turbulent Summer”; CPI & PPI to Test Market Sentiment This Week image 4

🧠 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

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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