Trading in tokenized pre-IPO perpetual contracts surged in May 2026, with monthly volume rising 1,059% from $60.51 million in April to $701.44 million. SpaceX-linked pre-IPO perpetuals led the market at $305 million, accounting for 43.5% of the total, according to CoinGecko. The spike came ahead of SpaceX’s Nasdaq listing on June 12, while contracts tied to OpenAI and Anthropic also drew significant activity.

The US Supreme Court agreed to hear Apple’s appeal of a contempt ruling in its Epic Games case, focusing on whether Apple can charge commissions on transactions completed via external links. The dispute stems from a 2021 injunction requiring Apple to let developers steer users to third-party payment options, after which Apple imposed a 27% commission that a judge said violated the order and held Apple in contempt. The Ninth Circuit partly upheld that ruling, allowing Apple to recover “reasonable necessary costs” but leaving the rate to be determined. A decision is expected by June 2027, and the outcome could affect Apple’s global App Store pricing and billions of dollars in services revenue.

摩根大通发布报告，将代币化与可编程货币列为金融下一前沿，并明确指出XRP Ledger是具备高吞吐、低延迟和成熟合规框架的领先公链之一。报告未提及具体合作或集成计划，但系首次由全球顶级投行在正式研报中将XRP Ledger与JPM Coin、Tokenized Deposits等核心战略并列评估。此举强化市场对XRP在跨境支付与真实世界资产（RWA）代币化底层设施中的定位认知，可能提升机构开发者与合规稳定币发行方对其技术栈的关注度。

The Wisconsin Department of Justice said it has reached a settlement with Cal-Maine Foods, Hickman’s Egg Ranch and Versova, which manages Centrum Valley Farms, over allegations they coordinated to artificially raise egg prices. The agreement, announced with attorneys general in 16 other states and the U.S. Department of Justice, includes more than 50 million eggs for food banks nationwide and $3.3 million in payments. Cal-Maine denied wrongdoing, saying the conduct cited involved a single former employee and did not affect egg prices.

USDA reported 2025/26 U.S. all-wheat planted area at 42.74 million acres, below the 43.8 million average trade estimate and the March intentions figure. The agency also put June 1 wheat stocks at 920 million bushels, under expectations of 931 million bushels. USDA additionally disclosed new export sales, including 100,000 MT of HRS wheat to Nigeria for 2026/27 and 100,000 MT bought by a South Korean mill in a tender. Following the data, the lead wheat contracts across CBOT, KCBT and MIAX rose 9–29 cents.

USDA’s June Acreage report put U.S. cotton plantings at 9.85 million acres, above the 9.6 million expected by the market and the March estimate. Crop Progress showed planting was 97% complete, while 37% of the crop was squared and 9% was setting bolls, with good/excellent ratings slipping to 48% and Texas conditions weakening. ICE cotton futures traded higher, with the July contract up 34 points at 72 cents per pound and the December contract up 70 points at 77.15 cents per pound. Crude oil and the U.S. dollar index moved as well, but neither dictated cotton’s direction.

Cleveland Fed President Beth Hammack said in a CNBC interview that additional interest-rate increases could be warranted if inflation pressures fail to ease. She said inflation has been too high for the past five years and stressed that policy decisions should remain data-dependent. The remarks were her first public comments under new Fed Chair Kevin Warsh and signaled a more hawkish tilt. Recent Fed meeting minutes offered no forward guidance, underscoring the new leadership’s preference for letting markets price the outlook.

Unusually heavy rainfall in Ivory Coast and Ghana has disrupted transport to farms and ports and raised disease risks for cocoa trees, tightening supply expectations. Japan’s Meteorological Agency has confirmed El Niño formation, while NOAA puts the odds of a “Super El Niño” at 67%, a scenario that could worsen drought stress. Early assessments indicate Ivory Coast’s 2026/27 crop could be about 1.8 MMT, down 18% year on year, and StoneX has cut its projected global cocoa surplus to 149,000 MT. ICE and London cocoa futures rose more than 1.6% in a session, nearing 5.5-month highs.