News from the desk

Markets are pricing in a rate hike by the European Central Bank — which one top economist sees as a ‘mistake in the making’

The decision to raise interest rates would mark the central bank’s first in almost three years.

KKR says AI productivity boom to keep on going — but warns of 'extreme' trend not seen since the 19th century

KKR said in its mid-year outlook Thursday that AI will drive economic growth for years to come, but only in specific sectors.

It's not just bitcoin ETFs. Corporate BTC buying has dried up too

ETF outflows have dominated the narrative but corporate bitcoin treasuries have gone quiet too, compounding the demand-side weakness.

XRP holds above $1.10 as ETF inflows rise, but traders remain cautious

XRP bounced from recent lows on a late volume surge, though the token continued to lag the broader crypto market as futures traders positioned around key support levels.

Bitcoin has reached a deep bear-market valuation zone. The hard part may come next.

Two widely watched gauges show capitulation, but the analyst flagging them warns the slow grind comes next.

My plumber charged $160 to fix the cistern on my toilet — but created another problem. Do I pay again?

“The cistern on my toilet has been constantly refilling and making a hissing noise.”

My elderly mother and I own a home together. Will Medicaid force its sale?

“My sister thinks Medicaid will take the house my mom and I own together.”

When a World Cup team loses, its country’s stock market also goes down. Here’s the weird reason why.

Soccer’s premier tournament brings a hidden danger to your investment portfolio.

Social Security is facing a 22% cliff — 4 ways to build an income stream Washington can’t touch

The countdown to insolvency is accelerating — and the rules of retirement planning just broke.

Thinking about insider trading on prediction markets? Kalshi wants to make an example of you.

Prediction-market companies are identifying hundreds of cases of suspected insider trading.

Oracle’s stock slides after earnings, as the steep price of AI spooks investors

Oracle blew past earnings expectations and grew its contract pipeline to $638 billion, but Wall Street is concerned about its rising AI costs.

Micron, Intel drag the tech sector into a new bearish phase. Will the correction last this time?

The selloff in the tech sector that has heightened investor anxiety over the past week graduated to a new phase on Wednesday: The pullback is over, and it’s now officially a correction.

Bitcoin bulls are still around. These charts show they just moved on to hotter markets.

Traders who once bet on crypto have not stopped gambling on the next big market story — they just are not finding that story in crypto itself.

Citigroup shares outperform down market after Trump endorsement

Jane Fraser-led Citi fell 1%, less than the rest of the market and some other major banks, after Trump lauded its turnaround in a social media post.

Why Nike saw its stock downgraded a day before the World Cup’s kickoff

RBC Capital Markets reduced its 12-month price target from $70 to $50.

Privacy returns to focus as Ethereum developers explore new token standards

In this week's edition of The Protocol Newsletter, we're looking at where privacy is headed in the Ethereum ecosystem.

BlackRock and Fidelity are quietly turning bitcoin ETFs into a two-firm market

BlackRock's IBIT and Fidelity's FBTC are attracting the vast majority of new bitcoin ETF money, leaving smaller funds increasingly sidelined as institutional investors consolidate around the indust…

Coinbase-backed Stand With Crypto calls on members to campaign against banks blocking digital asset transactions

Stand With Crypto UK is telling its members to file formal complaints with high-street banks over sector-wide transfer bans.

North Carolina treasurer passes on SpaceX citing valuation concerns; favors OpenAI, Anthropic

North Carolina has invested heavily in AI startups OpenAI and Anthropic while avoiding a direct stake in SpaceX.

Kalshi trading in 'perps' crosses $1 billion in volume within a week of launch

A spokesperson for the company said that the product is the fastest growing in the prediction market platform's history.

Crypto Long & Short: Who answers the 3am call when DeFi breaks?

In this week's Crypto Long & Short, Ben Nadareski writes that to win over big investors, DeFi builders must act like accountable money managers, not just software developers.

Netomi CEO says $5 trillion AI customer experience market could boost stablecoin demand

Puneet Mehta, a former high-level Wall Street engineer and data scientist, said the rapid expansion of AI enterprise software will increase demand for stablecoins and blockchain.

The quantum clock is ticking: it's Bitcoin's problem, not Ethereum's

A recent research note published by Citi analysts reached a conclusion about quantum risk that should give every institutional bitcoin holder pause, Tabar explains.

Mastercard prepares for a future where AI agents make payments

The company is working with Coinbase, Stripe and other companies to build trusted payment systems for AI-driven commerce.

Kalshi now requires users to reveal employers as it fights insider trading and market manipulation

The prediction markets platform introduced new measures on Tuesday that it said will apply to markets it considers are likely to face higher risks of insider trading and abuse.

Regulators' proposed prediction markets rules ban trading on terrorism, assassinations

The proposed rules from the commission will now face a public comment period.

Consumer prices rose 4.2% annually in May, highest in three years

The consumer price index was expected to show a 4.2% gain from a year ago, according to the Dow Jones consensus estimate.

Prediction markets get first U.S. rule proposal as CFTC pursues contract reviews

The Commodity Futures Trading Commission opened a proposed rule for public comment that sets an approach to determine contracts in the "public interest."

Michael Saylor gets into public debate over claims that Strategy's latest share sale was dilutive

Strategy's BTC Yield fell from 13.0% to 12.8% following its latest bitcoin purchase, prompting a debate on X over whether the purchase was dilutive to shareholders.

CoinDesk 20 performance update: Index drops 1.4% as all constituents decline

Bitcoin Cash (BCH) fell 4.1% and NEAR Protocol (NEAR) shed 4.3%, leading the index lower.

World Series of Poker adds Solana payments for tournament buy-ins

The move marks an integration of blockchain-based payments into a major live sporting and gaming event.

Bitcoin trims losses after core CPI rises less than feared 0.2% in May

Headline inflation rose an expected 0.5% in May, but the beat on the core rate — which cuts out food and energy costs — is pleasing markets.

A 'Bitcoin DeFi' project just shut down with a brutal post-mortem: Users just didn't care

"It did not work," Botanix said.

The inflation scenario that could send bitcoin tumbling below $60,000

Your day-ahead look for June 10, 2026

Zcash, Hyperliquid tokens lead losses as traders bet against a bitcoin bounce

Crypto markets are under pressure ahead of key U.S.

Here’s why shares in SoftBank, no longer Japan’s most valuable, have fallen by a fifth in the last week

Concerns about the funding commitments for OpenAI have been widely circulated this year and it appears potential creditors are worried about the company’s failure to hit ambitious internal growth t…

Buyer swoops in for actress Dakota Johnson’s $6 million midcentury modern gem in L.A.

“Fifty Shades of Grey” actress Dakota Johnson’s “extraordinary” midcentury modern Los Angeles retreat is already under offer—mere days after the on-screen star put the property on the market for $6…

Japan's three largest banks aim for joint stablecoin issue by March

MUFG, SMBC and Mizuho will establish a council to explore operational frameworks and prepare for the issuance of stablecoins.

Energy prices take center stage as the ECB prepares to decide on rates

The ECB is expected to raise rates by 25 basis points as higher energy prices drive inflation and raise concerns about broader price pressures.

XRP market shows signs of capitulation as holders sell at loss

XRP holders are capitulating, according to data tracked by Glassnode.

The SpaceX IPO could lead to 8% of America’s current-account deficit being refinanced in a single day

A remarkable back-of-the-envelope calculation from a currency strategist shows just how big SpaceX’s initial public offering could reverberate in global markets.

Elon Musk's SpaceX IPO is four times oversubscribed. A crypto bet tells a more cautious story

The SPCX perpetual still trades above SpaceX’s $135 offer price, but it has fallen sharply from its May highs as traders mark down the first-day premium.

Live updates: bitcoin holding below $62,000 as nervous Nasdaq falls further ahead of SpaceX IPO

Core inflation rose less than feared in May, but markets have turned lower in afternoon trade.

XRP drops 4.5% as heavy selling breaks another support level

XRP lost the $1.13 area on elevated volume, leaving traders focused on whether the latest selloff marks a final washout or the start of a deeper move toward $1.00.

Bitcoin and gold fall together as a rate-hike bet hits every hedge

The relief rally that lifted crypto off last week's lows is unwinding alongside tech stocks and gold, with traders bracing for a US inflation print and a Warsh Fed that may stay hawkish.

Bitcoin ETFs are no bigger today than when Trump won the election

Net assets of U.S.-listed spot ETFs have fallen to levels last seen just after Trump won the election in early November 2024.

Beijing escalating AI espionage to catch up with the U.S. on tech, cybersecurity firm says

U.S.

Broadcom CEO unnerves biggest AI backers in rattling pivot

Oracle’s stock has surged on AI hype. Now it has to deliver the earnings to match.

Oracle’s fourth-quarter earnings call will deliver critical updates about the progress of its data-center build-out and the financial impact of its AI pivot.

This proposed federal budget cut could eliminate job training for 42,000 vulnerable seniors

A job-training program for low-income older adults is set to lose funding under President Donald Trump’s proposed budget for 2027 — just as more stringent work requirements for food aid and healthc…

Super Micro stock plunges as $7 billion equity raise overshadows booming backlog

Super Micro looks to raise equity as it faces staggering AI demand but also an intense cash burn

This stock-market strategy has cheap exposure to AI and points to an advantage for closed-end funds

The fund is diversified and has been an excellent performer, highlighting the advantages of a closed-end structure.

Apple’s AI could usher in a historic upgrade cycle that investors are overlooking

Apple’s new AI features are on track to be monetized faster than expected, thanks to increased hardware requirements and new “killer apps.”

Micron and other memory makers are driving a ‘supercycle’ for this corner of the chip sector

Chip-equipment companies are getting unprecedented visibility into companies’ supply plans, a UBS analyst says.

AST SpaceMobile’s stock experiences rocky trading as SpaceX plans to launch its satellites into orbit

The company is developing a space-based broadband cellular network that could rival Elon Musk’s Starlink.

GM follows Ford by making a big energy bet — this time with an unconventional approach

GM plans to revamp its energy business and place a big bet on sodium-ion batteries just as shares of rival Ford got a boost from a similar move a few weeks ago.

Angst over SpaceX IPO adds to dive in tech stocks

Technology stocks tumbled on Tuesday, extending a swoon that began in early June, as investors anxiously await the historic SpaceX IPO later this week and retreat from hot parts of the AI playbook.

Crypto tax bills a work-in-progress as U.S. House lawmakers pose concerns

The effort to push several tax bills is meant to be bipartisan, but the parties may not be comfortable with all details of the seven bills weighed by the panel.

A powerful inflation storm is brewing — and your portfolio isn’t ready

Looming El Niño shock threatens to drive up global commodity prices.

The May inflation numbers are due out Wednesday morning. Here's what to expect

If the Wall Street consensus is correct, the consumer price index is expected to show inflation running at a 4.2% annual rate.

Securitize CEO says tokenized stocks could unlock a $5 trillion crypto market

At a panel at ETHConf, Carlos Domingo argued that bringing stocks and exchange-traded funds onchain could unlock a market far larger than today's roughly $30 billion tokenized asset sector.

Is Autodesk, Inc. (ADSK) among the Best Automation Stocks to Buy for Warehouse Construction?

Here is why NVIDIA Corporation (NVDA) is among the Best Automation Stocks to Buy for Warehouse Construction

Trimble Inc. (TRMB): 7 Best Automation Stocks to Buy for Warehouse Construction

Emerson (EMR) Teams Up With Aramco On A Technology Initiative With Bigger Implications

Why Analysts Believe Honeywell’s (HON) Automation Story Is Gaining Strength

Deere (DE) Could Benefit As Farm Equipment Demand Begins To Stabilize

Rockwell Automation (ROK) Gets A Major Target Hike As Growth Expectations Improve

Is MasTec, Inc. (MTZ) among the Best Civil Engineering Stocks to Buy for Smart City Projects?

Here is why Construction Partners, Inc. (ROAD) is among the Best Civil Engineering Stocks to Buy for Smart City Projects

AECOM (ACM): 7 Best Civil Engineering Stocks to Buy for Smart City Projects

Jacobs Solutions (J) Secures A Major Opportunity In Grid Modernization

Why Analysts Are Betting On Quanta Services (PWR) For The Next Growth Cycle

Comfort Systems (FIX) Starts Coverage With A Bullish Outlook On Growth

Sterling Infrastructure (STRL) Continues To Gain Momentum As Project Opportunities Expand

Dow Jones AI Giant Nvidia Stock Tumbles To Key Support Level Amid Market Sell-Off

CBRS Stock Watch: Cerebras Soars as Analysts Issue 'Buy' Ratings

Crude Oil Weakness Weighs on the Dollar

Yum! Brands Stock: Is YUM Underperforming the Consumer Cyclical Sector?

Nat-Gas Prices Slip on the Outlook for Cooler US Temperatures

White Paper: AI Agent Readiness and Adoption in Freight

Limelight Bank review (2026): Top rates on savings and CD accounts with few fees

Is the Dollar Index Preparing for a Significant Break?

B. Riley pins APLD stock price at $66 after new lease signing

Inflation Is Spiking – but the Fed Could Still Cut Rates (And It Has Nothing to Do with Trump)

Mysterious trader buys millions ahead of White House meet on June 10

First Watch promotes Ashlee Weisser to CFO

Wall Street Is Missing the Bigger Picture: Why This Legacy Tech Stalwart Is a Screaming Buy Right Now

Kalshi crypto perpetual futures hit $1 billion in trading volume

102-year-old fashion giant faces 400 store closures

The SpaceX–OpenAI IPO wave: What investors must do now

National mall footwear giant closes 82 stores as shoppers trade up

UK financial regulator moves to allow mutual funds 10% exposure to crypto ETNs

The Financial Conduct Authority proposed allowing some investment schemes to add exposure to crypto exchange-traded notes.

5 corruption gaps Congress must close in the Clarity Act

The most consequential crypto legislation in the world is moving forward in the U.S.

Trad.Fi, W3 target $650 million in onchain private credit using AI evaluation

Equipment-financing lender Trad.Fi is working with W3 to automate capital workflows and bring real-economy business lending onto public blockchain rails.

Ethena lands Janus Henderson backing as asset manager invests in ENA, eyes USDe distribution

The deal underscores the trend of traditional asset managers backing DeFi infrastructure, following BlackRock's Uniswap and Apollo's Morpho investments.

Come back after the summer, says one analyst on crypto markets

Bitcoin's growing divergence from tech stocks raises concerns as AI spending surges, says Quinn Thompson.

A16z, Paradigm lead $175 million bet to move global credit markets onchain

Morpho secured $175 million from Paradigm, a16z crypto and Ribbit as the lending protocol seeks to become foundational infrastructure for onchain credit markets.

JPMorgan Chase plans to deploy more powerful AI agents this year

JPMorgan Chase's move suggests long-running AI agents are close to clearing the security and governance hurdles that have slowed adoption inside big companies.

CoinDesk 20 performance update: AAVE Drops 2.6% as all constituents trade lower

Uniswap (UNI), down 2.9% from Monday, joined Aave (AAVE) as an underperformer.

Bitcoin inflows slow sharply in 2026 as investors chase AI, Bernstein says

Bernstein said bitcoin's increasingly diversified ownership base supports its long-term store-of-value thesis.

BlackRock warns of energy shock as May CPI is set to show acceleration in inflation

BlackRock is closely watching Wednesday's CPI as an early test of how U.S.-Iran tensions are feeding into already elevated prices in the economy.

Live updates: Bitcoin narrows early losses, returns to $62,000 as Nasdaq bounces to close down 1%

Crypto prices rose on Monday following last week's crash, but the bears still appear to be in control.

Wall Street will run entirely on the blockchain by 2030, says Brickken CEO

Edwin Mata argues that EU regulations are choking local startups, leaving the U.S.

Humanity's $36 million exploit tied to compromised laptop hosting a 'multisig' wallet

The compromised laptop held enough multisig keys to take over the project's bridges on two chains, a basic security failure for a startup backed by Pantera and Jump Crypto.

Bitcoin's bounce isn't a bullish revival, with anything from $68,000 to $80,000 seen as a marker

Your day-ahead look for June 9, 2026

Strategy's bitcoin purchase fails to stir BTC price

Bitcoin is little changed despite a new purchase by Strategy as risk-averse investors await U.S.

Circle debuts cirBTC on Ethereum to challenge Coinbase in the wrapped bitcoin market

Circle unveiled cirBTC, a token backed 1:1 by the world's largest cryptocurrency, to allow traders to use their bitcoin wealth in DeFi protocols.

USDT's flashing a golden cross and that may be bad news for bitcoin

USDT's dominance rate has flashed a golden crossover in a sign of caution for the broader crypto market.

Coinbase and Cardless unveil credit card backed by stablecoins

The stablecoin-secured card is for situations where a credit card cannot be approved on an unsecured basis.

Electric vehicle giant BYD predicts 80% of China car sales will soon be electric

BYD expects China's competitive electric vehicle market to continue growing, even as manufacturers and analysts anticipate domestic demand to taper further.

Saylor blamed AI for bitcoin crash. Arca has one word for that: Nonsense

Arca is blaming Strategy's sale of 32 BTC for last week's BTC crash, not AI capital rotation, as Strategy's Saylor claimed.

Live updates: Bitcoin drops to $62,600 as some traders peg SpaceX's IPO as 'next catalyst'

Stocks recovered through SpaceX's oversubscribed IPO, an Nvidia and SK Hynix chip pact, and Apple's AI reboot, while crypto trailed.

56-year-old beloved fast-food chain closes over 700 locations

Vail Resorts, Inc. Q3 2026 Earnings Call Summary

Mama's Creations, Inc. Q1 2027 Earnings Call Summary

How Fake News Could Send Oil Prices Soaring

China’s Subsidy Machine Is Reshaping Global Capitalism

OpenAI files for US IPO after Anthropic as AI giants head to public markets

OpenAI and Anthropic have officially started the IPO race