Morning News on CrypticNews Hub

1. Trump: Will end Biden's war on cryptocurrencies and ensure #Bitcoin is mined in the U.S.

2. Forbes: CZ's net worth is currently estimated at $61 billion, and he may own 94 million $BNB
.

5. Bernstein raised its $BTC price target by 33% to $200,000 by the end of 2025.

7. Source: Farcaster is expected to launch tokens.

8. MicroStrategy announced the pricing of convertible senior notes totaling $700 million.

9. The President of El Salvador proposed creating a private investment bank for Bitcoin investors.

10. Bloomberg analysts: The launch date of the spot #Ethereum ETF is expected to be postponed to July 2.

11. The Australian Stock Exchange ASX will list the first Bitcoin spot ETF.

12. LayerZero co-founder: 23.8% of the total ZRO volume will be allocated to the community and builders, with 8.5% distributed on the first day.

13. Tax charges brought by Nigeria's Federal Tax Bureau against Binance executives have been withdrawn.

14. Chairman of the U.S. Securities and Exchange Commission: The Terraform case proves that the economic substance of a product determines whether it is a security under the securities law.

15. MicroStrategy founder: Bitcoin will continue to be bought even if it reaches $8 million.

16. ZK Nation: Proxy ZKsync registration is planned to open next week.

17. LayerZero has established a fund and released its first tweet with a picture.

On Friday, the S&P 500 ended a series of four consecutive record closings, dipping slightly lower, while the Dow fell by 57 points and the Nasdaq added 0.1%, extending its series of record closings to five. Market sentiment was dampened by an unexpected drop in the Michigan consumer sentiment index to a seven-month low and a rise in five-year inflation expectations. Most sectors were in the red, except for the technology and communication services sectors, which saw a slight increase. In corporate news, shares of luxury retailer RH fell 17.2% after reporting a significantly larger-than-expected loss for the first quarter. Stellantis shares dropped 4.2% following comments from the CEO about addressing "arrogant" mistakes in the U.S. that led to sales declines and inventory issues. Conversely, Adobe shares rose 14.5% after raising its full-year forecast, and Broadcom shares increased by 3.3%, marking a record weekly gain of 23%. For the week, the S&P 500 rose 1.8%, the Nasdaq gained 3.6%, and the Dow Jones fell 0.6%.

Fidelity: The periodic table below (updated as of May) shows an interesting combination of #Bitcoin and gold at the top and bonds at the bottom. It's as if the market is trying to tell us something about the coming era of fiscal dominance.

The number of #Ethereum NFT traders has fallen below 4,000 for the first time since June 2021.

Goldman Sachs expects that high-yield bond spreads will tighten over the next 12 months.

By 2035, the volume of ETF assets will reach $35 trillion worldwide (three times more than today's $13 trillion). This is based on a 10% annual growth rate (compared to 17% in the past decade and 25% in the decade before that), which is likely quite modest (since market returns are probably not as high). Their low costs, intraday liquidity, and tax advantages...

In May, Argentina's monthly inflation rate reached its lowest point since 2022, decreasing for the fifth consecutive month to 4.2%, amid President Milei's stringent economic measures.

The annual inflation rate has decreased from 133% in December to 40%.

Here is the income needed for a comfortable life in each state of the USA.

Analyst: It's surprising, but this bull cycle is performing exceptionally well: +100% ROI since the beginning of the year, easy access to buying #BTC through ETFs, growth in CME, and so forth...

It seems to me that Bitcoin lacks drama, such as a 30% drop and a significant shake-up.

China sold 50-year bonds at the lowest yield in history.

In the BOJ statement, an interesting point was highlighted: despite the yen's depreciation, the impact of inflation on imports is weakening. This is happening because Japanese importers are increasingly using contracts denominated in yen, reducing the direct influence of currency fluctuations on inflation.

The S&P 500 index closed at a record high for the fourth consecutive day and the 29th time this year. $SPX

Over the past 16 years, U.S. stocks have risen by 457% compared to 96% for international stocks and 48% for emerging market stocks. This is undoubtedly the longest cycle of outperformance by U.S. stocks we have ever seen.

Bearish Opinion

Large fiat (dollar) investments in Bitcoin have clustered in the $66,200 - $68,800 range, and we can now consider this a tested support level. According to this heatmap, the next potential support area is at $63,574.

Boeing $BA

Boeing is investigating quality control issues with its 787 Dreamliner. Reports indicate that hundreds of fasteners were improperly installed on the fuselages of some aircraft.

Insider Trading Alert for Nvidia

Mark Stevens, the second-largest shareholder of Nvidia and a board member since 2008, has just sold 470,000 shares of NVDA worth approximately $58.3 million. This year, he has already sold shares worth over $240 million. How many yachts does this guy need?

Apple $AAPL forms a "golden cross" for the first time since March 2023

The last "golden cross" led to a 25% increase in stock value over the next 4 months!

Sentiment: Bitcoin's second drop below $67K on Thursday led to the second largest surge in buyer interest for $BTC crowds in the past 2 months. FOMO and greed manifest in two ways:

1) Prices surge, and traders want to jump in hoping that prices will continue to rise (as we saw on May 20).

2) Prices drop, traders don't believe the drop was justified, and they buy in hopes of a quick recovery (as we saw on June 13).

Were you in either of these camps at that time? Are you taking profits, fearing further price drops? Or perhaps you're just patiently holding onto your bags?

Sentiment: Top 10 exchange wallets on the networks of #ShibaInu , #Chainlink , and #Ethereum respectively. Since May 27, their holdings have decreased by:

$SHIB : -2.4% $LINK : -2.9% $ETH : -8.6%

The reduction in exchange reserves should be considered a positive sign for bullish traders.