[News Brief] Jun 10, morning | U.S. May unadjusted core Consumer Price Index (CPI) rose 2.9% year-over-year, in line with market expectations

U.S. May unadjusted core Consumer Price Index (CPI) rose 2.9% year-over-year, in line with market expectations

According to Odaily, the U.S. May unadjusted core Consumer Price Index (CPI) rose 2.9% year-over-year, matching market expectations.

This marked the highest level since September 2025. After the data release, spot gold briefly rose by about $20 to $4,166.85 per ounce.

CME FedWatch shows a 98.2% probability that the U.S. Federal Reserve will keep interest rates unchanged in June

According to Odaily, CME FedWatch priced in a 98.2% probability that the U.S. Federal Reserve will leave its benchmark interest rate unchanged in June.

The probability of a rate hold in July was estimated at 85.8%. The probability of a 25bp hike was 12.6%, while the probability of a 25bp cut was 1.6%.

Markets are closely watching the Fed’s future rate path ahead of the CPI release.

Bitcoin (BTC) broke above $62,000

Bitcoin (BTC) rose above $62,000.

According to Odaily, as of June 10 on OKX, Bitcoin was trading at $62,015, up 1.45% on the day.

Whale Alert: 211,203,228 USDC moved from an anonymous wallet to Coinbase

According to Whale Alert, 211,203,228 USDC was transferred from an anonymous wallet to Coinbase.

The transfer was worth approximately $211,086,011. Large stablecoin inflows to exchanges may be interpreted as sidelined buying power, though actual buying activity has not been confirmed.

840 BTC transferred from Coinbase Institutional to an unknown wallet

According to Whale Alert, 840 BTC was transferred from Coinbase Institutional to an unknown wallet.

The transfer was worth about $51.69 million and represented an on-chain movement from an exchange-related wallet to an external wallet.

QCP Markets warns of global market risks ahead of U.S. CPI and Oracle earnings

QCP Markets said on the 10th that global markets are facing multiple risk factors ahead of the U.S. Consumer Price Index (CPI) release and Oracle’s earnings report.

QCP explained that risk appetite has weakened as U.S.-Iran tensions, uncertainty surrounding the Strait of Hormuz, and inflation concerns overlap. It also noted that stronger-than-expected U.S. nonfarm payrolls last week reduced expectations for cooling inflation.

QCP said that if CPI comes in above expectations, the Federal Reserve’s hawkish stance could strengthen, putting additional pressure on risk assets broadly.

It also pointed out that if Oracle’s earnings fall short of market expectations, sentiment around artificial intelligence (AI)-related stocks and tech shares could deteriorate further. QCP added that the crypto market may also show short-term volatility similar to other risk assets.

U.S. stocks fell shortly after the open on June 10

U.S. equities moved lower shortly after the open on June 10.

According to PANews, citing Bybit data, the Dow Jones Industrial Average fell 0.42%, the Nasdaq Composite dropped 0.79%, and the S&P 500 declined 0.46%.

Crypto-related stocks were mixed. Coinbase fell 1.24%, while Robinhood rose 1.91%.

Gate data: BTC volatility index BVIX rose 4.65% intraday to 47.26

According to the latest data cited by Odaily, gold traded at $4,149.19 per ounce, down 2.31% intraday, while silver fell 0.71% to $64.406 per ounce.

The BTC volatility index BVIX rose 4.65% intraday to 47.26. The ETH volatility index EVIX was unchanged at 60.

In foreign exchange markets, USD/CNH slipped 0.01% to 6.77703, while USD/JPY rose 0.03% to 160.388. Major European equity indexes, including the Euro Stoxx 50, the UK FTSE 100, and Germany’s DAX 40, also traded lower.

WTI crude edged down 0.03% to $90.91 per barrel, and Brent crude slipped 0.12% to $94.43 per barrel. Amid weakness in precious metals and major equity markets, the rise in the BTC volatility index suggested growing price fluctuation risks across risk assets.

Kazakhstan energy minister says oil market is tightening due to restrictions in the Strait of Hormuz

Kazakhstan’s energy minister said buyers are demanding maximum supply as the oil market tightens because of restrictions in the Strait of Hormuz.

However, Kazakhstan said it is difficult to significantly increase supply in the short term due to transportation and production infrastructure constraints.

The supply pressure comes as restrictions on traffic through the Strait of Hormuz, a key Middle Eastern maritime route, have heightened concerns over oil supply stability.

Source: Tsvetana Paraskova

Ripple launches smart agent payment toolkit for XRP Ledger (XRPL) developers

According to PANews, Ripple has launched a smart agent payment toolkit for XRP Ledger (XRPL) developers.

The toolkit supports the development of automated payment applications that allow AI agents to handle computing cost payments, invoice settlements, and transaction processing without human intervention.

Ripple said this could enable fast settlement and predictable payment processing. The toolkit supports x402 protocol-based payments and is designed to enable internet-native settlement using XRP and Ripple USD (RLUSD), the company’s stablecoin.

However, the IC3 research team noted that even when combined with blockchain infrastructure, AI agents are unlikely to become fully autonomous and anonymous actors, and will still inevitably depend on humans and underlying systems.