[News Brief] Jun 7, morning | Focus on U.S. May CPI and Key Central Bank Rate Decisions

Global financial markets are expected to focus next week on the release of the U.S. May Consumer Price Index (CPI) and interest rate decisions from major central banks.

According to PANews, after last week’s better-than-expected U.S. nonfarm payrolls report, expectations for further Federal Reserve rate hikes increased, while gold and silver prices declined. The U.S. Dollar Index rose above 100, and major U.S. technology stocks also weakened.

Key scheduled events include the New York Fed’s May one-year inflation expectations, გერმany’s industrial production and trade balance, the U.S. NFIB Small Business Optimism Index, the U.S. ADP employment report, the U.S. May CPI, the Bank of Canada’s rate decision, the European Central Bank’s rate decision, U.S. initial jobless claims and May Producer Price Index (PPI), and the University of Michigan consumer sentiment index.

The market is also watching the possibility of a SpaceX initial public offering (IPO) as a major variable. If it materializes, it could affect overall investor sentiment, although the direction remains uncertain.

Apple’s Worldwide Developers Conference (WWDC), earnings reports from Oracle and Adobe, and TSMC’s May revenue release are also being cited as factors that could increase volatility in technology stocks and risk assets.

President Trump said that if an agreement with Iran is reached, the United States could help recover and dispose of Iran’s highly enriched uranium, PANews reported, citing NBC News.

Trump said that if no agreement is reached, the United States would further weaken Iran’s military capabilities and support related measures until U.S. forces can safely recover the nuclear material.

He said both sides are very close to signing an agreement, but emphasized that Iran must make further concessions on abandoning its nuclear program. He also said he wants to add language banning “purchase, acquisition, and procurement” to the existing prohibition on nuclear weapons development in order to block possible loopholes for Iran.

President Trump said he would not unfreeze Iranian assets in advance or ease sanctions under any agreement with Iran.

According to Odaily, NBC News reported that Trump made the remarks while saying he does not require Lebanon to be included in any short-term agreement with Iran.

The remarks are seen as ruling out the possibility of sanctions relief in advance while discussions between the United States and Iran continue.

Odaily, citing Onchain Lens, reported that a whale wallet deposited 34.74 million USDT into Aave V3 and borrowed 9,000 ETH.

The borrowed ETH, worth about $14.7 million, was deposited into Binance. On-chain analysts speculated that this move may represent the building of an ETH short position.

According to Odaily, Michael Saylor, founder and executive chairman of Bitcoin treasury company Strategy, reposted a Bitcoin tracker-related post, saying, “A good time to add more dots.”

Previously, Strategy had often disclosed additional Bitcoin purchases the day after Saylor posted similar messages. As a result, the market is watching for the possibility of another purchase announcement next week.

According to Odaily, Saudi media outlet Al Hadath, citing a senior diplomatic source, reported that Pakistan’s interior minister delivered a message to Iran indicating U.S. consent to easing sanctions on Iran.

The report came as diplomatic consultations continue over sanctions issues between the United States and Iran.

According to Odaily, Arkham estimated that the German government had previously sold a total of 49,858 BTC at an average price of about $57,900.

If Bitcoin falls about 6% further from its current level, it would reach that average selling price. Amid increasing liquidation pressure this week, the market is viewing this price level as an important zone for gauging demand and future direction.

The USDC Treasury minted an additional 250 million USDC on the Solana blockchain.

The source was PANews, citing Whale Alert monitoring data showing that the minting took place on the Solana chain. Additional stablecoin issuance is regarded by the market as an indicator related to expanding transaction liquidity within that network.

According to Whale Alert, 130 million USDT, worth about $129.96 million, was transferred from the Tether Treasury to Bitfinex.

This movement is being watched as a case of large-scale stablecoin inflow to an exchange, in relation to changes in market liquidity. However, the purpose of the transfer and whether it is connected to trading activity have not been confirmed.

Odaily, citing crypto analyst Ai (@ai_9684xtpa), reported that three addresses believed to be linked to Ethereum co-founder Joseph Lubin currently have a total of 412,430 ETH, worth about $653 million, posted as collateral and have borrowed 259 million DAI.

The health factor of the position briefly fell below 1.2 during the recent drop in ETH. After the addresses believed to be associated with Lubin added about 110,000 ETH as additional collateral, the health factor recovered to above 1.48.

According to Ai, Lubin acquired about 540,000 ETH during Ethereum’s 2015 ICO at a cost of roughly $0.31 per ETH. With the additional collateral, the likelihood of liquidation for the borrowed position has been significantly reduced.