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Bitcoin eyes decline below $100,000 amid profit-taking and Trump-Musk clash
Bitcoin (BTC) declined 3% on Thursday, erasing more than $84 billion from its market capitalization as intense profit-taking from long-term holders (LTHs) and macroeconomic uncertainty impacted its price.
Bitcoin
Fxstreet
Jun 6, 2025
GBP/USD continues to find fresh highs as Greenback withers
GBP/USD tested its highest bids in over three years on Thursday, briefly climbing above the 1.3600 handle in intraday trading for the first time in 40 months.
GBP/USD
Fxstreet
Jun 6, 2025
Japan's Long-Term Bond Auctions Falter for Third Time; 30-Year Bond Demand at Two-Year Low, UBS Advises Stopping Issuing
TradingKey - On Thursday, June 5th, the Japan 30-Year Bond auction experienced lukewarm demand, reaching its lowest level since early 2023.
TradingKey
Jun 5, 2025
Accelerating Wage Growth Lays Groundwork for Further Rate Hikes—Japan’s Tightening Path Comes Into Focus
TradingKey - Japan’s April wage data showed that core wages rose 2.5% year-over-year, marking the 20th consecutive month above the 2% threshold and indicating a certain level of resilience in the upward trend.
TradingKey
Jun 5, 2025
Laopu Gold Surpasses HKD 1,000—Hong Kong’s “Hard Luxury” Benchmark Hits Historic High of HKD 1,015
TradingKey – At the start of trading, Hong Kong-listed consumer favorites known as the “Golden Trio” — Pop Mart, Mixue Ice Cream & Tea, and Laopu Gold Co., Ltd. (6181.HK) — all reached record highs.
TradingKey
Jun 5, 2025
Another Public Company Announces BTC Reserves—Stock Soars Over 130%!
K Wave Media (KWM), a diversified entertainment company, has announced Bitcoin reserves, sending its stock price skyrocketing by 133%.
Bitcoin
TradingKey
Jun 5, 2025
Trump and Warren Join Forces to Criticize Debt Ceiling as 'Too Destructive,' Call for Abolition
TradingKey - As the deficit rises, the issue of the U.S. debt ceiling has once again become a central focus in American politics. On Wednesday, former President Donald Trump took to his social media platform, Truth Social, to declare that the U.S. should abolish the debt ceiling system.
TradingKey
Jun 5, 2025
Citi China Cuts 3,500 Jobs as Global Tech Hub Accelerates "De-outsourcing"
TradingKey - On June 5, 2025, Citigroup (C.US) announced a large-scale adjustment to its technology team in China, planning to cut approximately 3,500 technical personnel.
Citigroup Inc
TradingKey
Jun 5, 2025
OpenAI Tops 3 Million Paid Business Users and Eyes $12.7 Billion Revenue, Korea Fuels Growth as No. 2 Market
TradingKey - On Wednesday, leading artificial intelligence company OpenAI announced that its number of paid business users has increased to 3 million, a significant growth from 2 million in February. This increase is primarily driven by subscriptions to the Enterprise version (ChatGPT Enterprise)...
TradingKey
Jun 5, 2025
Ethereum Foundation Unveils New Fiscal Policy — ETH Receives Dual Boost
The Ethereum Foundation (EF) announced a renewed focus on ecosystem growth and reduced spending, a move that could drive ETH prices higher.
Bitcoin
Ethereum
Solana
TRON
TradingKey
Jun 5, 2025
Lee Jae-myung’s Victory Sparks “Korea Revaluation” — Is the Era of the “Korea Discount” Over?
TradingKey - The successful election of Lee Jae-myung, the presidential candidate from the ruling Democratic Party who pledged political stability and economic revitalization, has brought a wave of optimism to South Korea’s stock market and currency.
TradingKey
Jun 5, 2025
Stablecoin Issuers to Become Second-Largest Holder of U.S. Treasuries by 2028?
Experts predict that the passage of the GENIUS Act, a landmark stablecoin regulation, could catalyze a tenfold expansion in the stablecoin market over the next three years. This growth is expected to result in stablecoin issuers becoming the second-largest holders of U.S. Treasury securities.
Bitcoin
Ethereum
TradingKey
Jun 5, 2025
Bitcoin ETFs as Collateral? JPMorgan Puts Crypto on Par with Real Estate & Cars
JPMorgan is set to allow customers to use cryptocurrency as collateral, marking a major milestone in enhancing crypto liquidity.
Bitcoin
Ethereum
JPMorgan Chase & Co
TradingKey
Jun 5, 2025
European Central Bank set for another interest-rate cut amid questions of how many more will come
The European Central Bank (ECB) is widely expected to reduce key interest rates for the seventh time in a row. The decision will be announced on Thursday at 12:15 GMT.
EUR/USD
Fxstreet
Jun 5, 2025
Bitcoin Frenzy Sweeps the U.S.! Holdings and Adoption Surpass Gold
Bitcoin's ownership and investment levels in the U.S. have exceeded gold, and this gap is expected to widen further.
Gold
Bitcoin
TradingKey
Jun 5, 2025
ADP Employment and Services PMI Miss Expectations, Trump Urges Powell: "Must Now Lower the Rate"
TradingKey – Just one day after stronger-than-expected job openings data eased concerns about U.S. economic growth, weak ADP employment figures and a surprise contraction in the ISM services sector reignited fears of a slowdown. President Donald Trump once again pressured Federal Reserve Chair...
TradingKey
Jun 5, 2025
Japanese Yen bulls have the upper hand amid hawkish BoJ expectations
The Japanese Yen (JPY) edges lower against a recovering US Dollar (USD) during the Asian session on Thursday and stalls the previous day's goodish rebound from the weekly low.
USD/JPY
Fxstreet
Jun 5, 2025
Trillion-Dollar Deficit Tax Bill: Musk Calls for Public Revolt as Trump Pushes Debt Ceiling
TradingKey — U.S. Congress is embroiled in heated debate over Trump’s tax bill that risks ballooning the federal deficit and exacerbating the national debt crisis. The divide has grown so sharp that Elon Musk and President Donald Trump are now publicly at odds—with Musk urging Americans to oppose...
Tesla Inc
TradingKey
Jun 5, 2025
Fed Lifts Asset Cap on Wells Fargo, Concluding Seven-Year Regulatory Oversight
TradingKey - The Federal Reserve announced on Tuesday that Wells Fargo (WFC) has satisfied all conditions of the 2018 regulatory actions, resulting in the lifting of its asset cap. Following the news, Wells Fargo's stock rose 3% and surged over 10% in after-hours trading.
Wells Fargo & Co
TradingKey
Jun 4, 2025
Tesla Sees 50% Decline in Europe as Musk’s Political Stance Faces Backlash
TradingKey - On Wednesday, research organization New AutoMotive released preliminary data revealing Tesla's dire situation in the European market. In May of this year, Tesla’s new car sales in the UK saw a dramatic year-on-year decline of over 45%, with only 1,758 vehicles sold compared to 3,244 dur
Tesla Inc
TradingKey
Jun 4, 2025
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