CoinDesk reported that markets showed no decisive direction after the release of U.S. May inflation data. Headline CPI met expectations, while core CPI was slightly softer than forecast, helping Bitcoin stay around $61,000 and easing near-term selling pressure. Data from the U.S. Bureau of Labor Statistics showed CPI rose 4.2% year over year in May, up from 3.8% in April. On a monthly basis, CPI increased 0.5%, a modest slowdown from April's 0.6%. While monthly momentum cooled slightly, the annual pace moved higher. Core CPI, a key gauge for markets, rose 0.2% month over month, below the 0.3% consensus estimate. Year over year, core CPI was 2.9%, in line with expectations and slightly above April's 2.8%. The core reading helped temper pressure on risk-on positioning following the release. Bitcoin traded around $61,400 after the data, little changed over the past 24 hours. Investors had been concerned that sticky inflation would continue to weigh on risk assets, but the softer core print helped Bitcoin avoid a sharper drop. Holding above $61,000 suggests short-term support remains intact. The data did not spark a meaningful rebound, pointing to cautious positioning as markets wait for clearer inflation and interest-rate signals rather than pricing an early pivot. Rate expectations were broadly unchanged. Cross-asset moves were restrained: U.S. stock index futures fell after the release, the 10-year U.S. Treasury yield climbed to 4.5% as markets adjusted to higher-for-longer pricing, and WTI crude slipped 1% to $88. The next Federal Reserve rate meeting is scheduled for June 17. CME FedWatch showed markets were already heavily priced for no change, with the probability of a hold near 98%, and that view remained largely steady after the May CPI report. CoinDesk noted that markets remain cautious in pricing conditions through end-2026 and have not fully reflected a clear path for rate cuts. For Bitcoin, easing core inflation offers short-term support, but headline inflation remains elevated and the macro backdrop is still tight.

Raydium, a Solana-based DeFi protocol, said it has confirmed an unauthorized liquidity withdrawal affecting several deprecated legacy AMM V3 program pools. The impacted pools were Sollet USDTRAY, Sollet ETHRAY, SRMRAY, USDCRAY, and RAYSOL. Losses totaled about 150,000 RAY, 5,603 SOL, and 893,700 USDC, valued at roughly $1.34 million. Raydium said users are currently unaffected, the attacker's address has been flagged, and the protocol's treasury will fund full compensation.

Japan's three biggest banking groups said on Wednesday they will jointly issue a yen-pegged stablecoin and aim to begin live corporate transactions by the end of fiscal 2026, seeking to build domestic digital payment rails as U.S. dollar stablecoins dominate the global market. MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking Corporation (SMBC) announced in a joint statement dated June 10, 2026 that they have signed a memorandum of understanding to set up a voluntary governance council. The council will examine the operating model, governance arrangements and technical infrastructure needed for issuance. Under the proposed structure, the three banks would act as joint settlors under a trust agreement, while a licensed trust bank would serve as trustee. The banks said they intend to conduct real commercial transactions during fiscal year 2026. Japan's fiscal year ends on March 31, 2027. The plan builds on a proof-of-concept approved by Japan's Financial Services Agency (FSA) in November 2025 through its FinTech Proof-of-Concept Hub. That pilot tested the joint issuance of standardized, mutually exchangeable yen-denominated stablecoins for corporate use, with Mitsubishi UFJ Trust and Banking Corporation managing deposited funds as trust assets. Mitsubishi Corporation used the pilot tokens for cross-border payments between its Japan and overseas offices, aiming to lower remittance fees and reduce administrative workload. The system operated on the Progmat platform, a distributed ledger infrastructure closely tied to MUFG. The trust-based issuance model fits within Japan's amended Payment Services Act, which took effect in 2023. The framework allows licensed banks, fund transfer providers and trust companies to issue fiat-pegged digital money redeemable at par, with assets held as deposits at a licensed Japanese trust bank to ensure segregation and redemption protections. Political backing has also strengthened. On June 1, 2026, a panel of Japan's ruling Liberal Democratic Party submitted a proposal to Finance Minister Satsuki Katayama calling for the promotion of yen-based stablecoins for settlements across Asia and for a legal framework enabling crypto ETF trading. The move is positioned as a direct challenge to the market power of U.S. dollar stablecoins, which are estimated to account for 84% to 90% of the $300+ billion global stablecoin market. The three megabanks collectively serve hundreds of thousands of corporate clients, and a standardized, interoperable yen stablecoin at that scale could draw settlement flows away from USD-pegged tokens. By comparison, JPYC, Japan's leading private yen stablecoin issuer, has a market capitalization of about $18 million. Next, the council will work on issuance infrastructure, system and scheme design, governance and coordination with other financial institutions. The banks said they may expand participation beyond the initial three. Live corporate transactions in fiscal 2026 remain the stated target, supported by existing regulatory groundwork and an already-operational technology platform.

CoinDesk reports that the Trump family has taken in at least $2.3 billion from four major cryptocurrency ventures, while outside investors estimate losses nearing the same magnitude. Drawing on blockchain data, corporate filings and investor interviews, the report details income tied to political branding, token sales and public-market listings. World Liberty Financial is described as the family's largest crypto earner. The outlet estimates the project delivered more than $1.6 billion to the family, largely through sales of governance tokens. Tokens began selling in October 2024, with early buyers paying 1.5 cents or 5 cents for limited voting rights and no claim on company profits. Project documents indicate 75% of token-sale proceeds flowed to DT Marks DEFI LLC, an entity linked to the Trump family. As of April 30, investors connected to the World Liberty token were estimated to be down about $674 million. The token peaked at 46 cents before sliding to roughly 6 cents, an 87% drop from the high. The $TRUMP meme coin is another major revenue stream. Launched in January 2025, it briefly surged to $75.35 before falling sharply. The report estimates it generated about $616 million for the Trump family, while buyers racked up losses exceeding $700 million. The accounting also includes AI Financial Corp. (formerly ALT5 Sigma) and American Bitcoin. AI Financial raised $750 million in August 2025 and used $717 million to buy World Liberty tokens. American Bitcoin reached public markets via transactions involving Hut 8's mining operations and American Data Centers, and its share price fell steeply after listing. Sen. Elizabeth Warren has been among the most outspoken critics, urging SEC Chair Paul Atkins to examine whether World Liberty misled investors in a $75 million loan arrangement backed by its own tokens. She has also opposed several crypto bills, arguing current drafts do not adequately prevent sitting officials and their families from profiting from the industry. The White House denied any conflict of interest, and World Liberty said it is a private fintech firm entitled to operate. CoinDesk says the debate is widening beyond questions of family wealth to include stablecoins, token sales and where regulators should draw the line for digital-asset oversight.

Morgan Stanley is now allowing clients to take out loans backed by their holdings in spot Bitcoin ETFs, according to Amy Oldenburg.

Mastercard said it has enabled payments for AI agents, working with partners including Coinbase and Ripple. The company aims to let AI systems initiate and complete transactions within Mastercard's network while meeting existing payment and security requirements.

Bitcoin's current correction shows 187,000 BTC in realized losses over the past 30 days, below 400,000 BTC in February and 1.2 million BTC after the FTX collapse. The data indicates the market has not yet seen capitulation and seller exhaustion may not be reached.

International oil prices advanced on Wednesday as traders weighed escalating Middle East tensions alongside another drop in U.S. crude inventories, according to CoinDesk. Brent crude traded around $92 a barrel and WTI near $90, with both benchmarks up roughly 2% on the day. The move followed U.S. President Trump's latest comments on Iran, which markets interpreted as a firmer stance that could further narrow the remaining diplomatic space between Washington and Tehran. Supply and shipping risks in the Gulf remain central to the rally, with the Strait of Hormuz again in focus. Iran continues to limit some shipping activity in the corridor, and the United States has placed restrictions on vessels linked to Iranian ports. U.S. Energy Secretary Chris Wright said vessel traffic and crude exports in the Gulf have started to recover, but conditions have not returned to normal. Prolonged disruption in the strait, a key global energy transit route, could tighten crude supply and push transport costs higher, keeping a geopolitical risk premium embedded in prices. Concerns have also intensified over the potential for further military escalation. Trump's latest remarks are viewed as tougher than earlier messaging, which had fueled speculation that a ceasefire or de-escalation might still be possible. Recent reports say the U.S. government is weighing additional military options aimed at Iranian infrastructure, including strategic facilities and transportation networks. The latest flare-up followed earlier U.S. strikes on Iranian radar sites, air defenses and other military facilities near the Gulf after a U.S. helicopter was shot down. Iran subsequently launched missiles and drones at U.S. targets in Bahrain, Jordan and elsewhere. While most incoming threats were reportedly intercepted, the exchange has heightened investor sensitivity to further escalation. On the fundamentals side, U.S. crude inventories have fallen for seven straight weeks. The latest weekly draw exceeded expectations by 4 million barrels, offering additional support to prices. Traders say continued inventory declines point to resilient demand despite high interest rates and economic uncertainty. The market is now balancing two competing forces: tightening supply risks from rising tensions, constrained shipping and shrinking inventories, versus the possibility of renewed diplomacy. Further deterioration in transit through Hormuz could extend the rally, while signs of progress in negotiations may temper supply concerns.

Dogecoin (DOGE) fell 3% over the past 24 hours and is down 10% on the week, tracking a broader pullback in memecoins that shaved more than 4% off the sector. Even with DOGE's market capitalization slipping, market chatter has turned more constructive as some traders position for a potential rally tied to expectations around a SpaceX IPO. Elon Musk previously said full payment for the SpaceX IPO would be accepted in DOGE, a development that could support demand if it materializes. On-chain data points to a sharp return of whale buying. Over the past week, large holders accumulated more than 240 million DOGE. Santiment data shows whale holdings rising from 18.60 billion DOGE to about 18.84 billion DOGE, with purchases averaging more than 40 million DOGE per day over the last five days. The timing echoes demand levels last seen roughly five years ago, when Musk said SpaceX would accept Dogecoin payments, a move later backed by Justin Sun. Price is also trading near those historically significant demand areas, reinforcing the bullish argument if buying pressure persists. On higher timeframes, DOGE is hovering around $0.08044, a level that previously served as the launch point for the advance toward $0.50. The market revisited the area in mid-2024, briefly dipped below it to sweep liquidity, then reclaimed it. The zone was tested again in February. Across prior bear-market cycles, DOGE has repeatedly gravitated toward the $0.06–$0.08 band, drawing interest from long-term holders and spot buyers. URPD (UTXO Realized Price Distribution) data indicates more than 30 billion DOGE last moved near $0.081, making it a key psychological and cost-basis support region. A rebound from current levels to the local range high at $0.11824 would imply upside of roughly 47%. Still, DOGE has not yet printed a clear reversal signal. A sustained reclaim of $0.11824 as support would add weight to the long-term bottoming thesis. Summary: Whale accumulation, URPD positioning, and the weekly structure suggest DOGE may be nearing a major bottoming zone. Confirmation remains limited until higher resistance levels are regained, despite the strong cost-basis support around $0.081 where more than 30 billion DOGE last changed hands.