Trading

SIREN fell about 49% from its Tuesday peak and was trading near $0.76 with a market cap above $550 million, underscoring risks tied to concentrated token ownership. Maxi Doge (MAXI) has drawn attention as its multi-stage presale raised nearly $4.8 million toward a $5.1 million target, with tokens priced at $0.0002823.

After Tuesday's whipsaw session and the worst U.S. stock-market day in a year, traders are looking to Wednesday's morning CPI release and Oracle's post-close earnings as key tests. Options activity skewed bullish in rate-sensitive areas, with heavy call buying in homebuilder ETFs XHB and ITB and in the regional bank fund KRE, while Oracle options implied a 12% move into results.

SpaceX is planning a $75Bn IPO that targets a $1.8 trillion valuation at $135 per share, with Nasdaq trading under the ticker SPCX set for June 12. Mainland China and Hong Kong investors are excluded, and Binance's SPCXUSDT pre-IPO perpetual futures—offering up to 5x leverage—have generated over $1Bn in volume since launching on May 21, 2026.

CME Group has announced the launch of futures trading tied to the new Nasdaq CME Crypto Index, a regulated basket that includes XRP, Stellar (XLM) and Chainlink (LINK) alongside Bitcoin and several other major tokens. Early screen data showed standard XRP futures (XRPM6) at 1.1090 with 169 contracts traded, while micro XRP futures (MXPM6) were at 1.1105 with 611 contracts and the token down about 3% on the day.

Bitcoin traded near $61,100 on Wednesday, down 3% in 24 hours and 6.9% on the week, as a stronger May U.S. jobs report pushed expectations for higher rates and triggered broad risk-off selling. Gold also fell 2% to below $4,200 per ounce, while the 10-year Treasury yield rose to 4.54% and markets priced a 75.5% chance of rate hikes before year-end. The report showed 172,000 non-farm payrolls versus a 130,000 consensus estimate, with April revised up to 214,000.

Japan’s Bank of Japan is expected to lift rates to 1% on 16 June, with the U.S. Federal Reserve meeting set for 17 June, putting two key policy decisions within a 24-hour window. Separately, SBI Shinsei Bank plans to let customers convert part of their deposit interest into Ripple’s XRP from 10 June. The move could create a recurring demand channel in a banking system holding about $8.6 trillion in deposits, even as crypto’s $2.15 trillion market cap still trails the S&P 500 above 7,400.

On June 8, Coinbase Derivatives introduced HYPE and BNB futures, giving Hyperliquid's native token regulated futures trading access for the first time. BHYP saw a $2.9 million outflow on June 5 after earlier inflows of $22.1 million (May 29) and $19 million (May 26), bringing cumulative inflows to $91.2 million, while another $1.8 million later returned the fund to net inflows. Separately, Bitwise transferred 50,480 HYPE (about $3.28 million) to FalconX while still holding 1.55 million HYPE valued near $99 million.

Wintermute said bitcoin’s slide below $62,000 was driven mainly by U.S. institutional selling and spot ETF redemptions, rather than Strategy’s 32 BTC sale. The firm noted U.S. spot Bitcoin ETFs posted 10 consecutive sessions of outflows from May 15 to May 29 totaling about $2.97B, and said a market bottom remains unconfirmed without renewed inflows.

Bitcoin (BTC) rose 8.6% over the weekend, rebounding from $59.1k to $64.2k and marking a local high on Sunday, 7 June before revisiting the $64.2k resistance the next day. The move was supported by improving net taker volume, but realized profit/loss (7DMA) stayed negative for 22 straight days, suggesting continued stress. While a push toward $71.2k is technically possible, the higher-timeframe backdrop remains bearish and a bounce would not necessarily imply a trend reversal.

ADI Predictstreet, FIFA's official prediction-market partner for the 2026 World Cup, went live on June 8 and is now accessible to U.S. users in 23 states through a co-branded Fanatics Markets "World Cup Hub." The platform supports fiat and crypto funding and offers FIFA-branded prediction contracts as Gibraltar's licensing timeline and company links draw scrutiny ahead of the tournament's June 11 opener.