Trump: The Debt Ceiling Must Be Completely Eliminated
US President Donald Trump stated on social media that he had reached a rare consensus with Democratic Senator Elizabeth Warren, arguing that “the debt ceiling must be completely eliminated.” Trump said that using the debt ceiling for political purposes is dangerous and that such a limitation could put the country and the global economy at risk. He also expressed his support for Senator Warren’s $4 trillion proposal and said that this matter should be resolved quickly.
Michelle Bowman Approved as Fed’s Vice Chair for Supervision
The US Senate confirmed Michelle Bowman as the Federal Reserve’s Vice Chair for Supervision for a four-year term. The vote passed 48 to 46. Bowman replaced Michael Barr in this role and became the Fed’s top regulatory official.
US Treasury Department: Work on Digital Asset Markets Continues
At a meeting of the Financial Stability Oversight Council chaired by Treasury Secretary Janet Yellen, the activities of the President’s Working Group on Digital Asset Markets were discussed. The chairs of the SEC and CFTC also provided updates on their agencies’ latest steps. Participants addressed efforts to maintain the U.S.’s leadership in digital assets and ensure regulatory clarity.
Semler Scientific Purchases 185 BTC
Semler Scientific, a publicly traded company in the US, purchased an additional 185 BTC for $20 million, according to a statement by its founder Eric Semler. The company’s annual BTC return stands at 26.7%. Its total BTC holdings have reached 4,449.
US May ADP Employment Data Well Below Expectations
According to Jinshi, private sector employment (ADP) in the US increased by only 37,000 in May. This marks the lowest increase since March 2023. Market expectations were around 110,000.
European Central Bank Cuts Interest Rates, More Expected
The European Central Bank (ECB) decided to cut interest rates at its meeting on June 6. According to ECB sources, this decision was final, and further cuts are expected in the coming months. This step signals a shift in monetary policy aimed at supporting economic recovery in the Eurozone.
Net Inflows of $86.92 Million into Bitcoin Spot ETFs: Only IBIT Positive
On June 4 (EST), there was a total net inflow of $86.92 million into Bitcoin spot ETFs. The entire inflow was into BlackRock’s IBIT ETF ($284 million), bringing its historical net inflow to $48.781 billion. Fidelity’s FBTC ETF, however, remained on the negative side with an outflow of $197 million. The total net asset value of Bitcoin spot ETFs currently stands at $126.665 billion, equivalent to 6.09% of Bitcoin’s market value.
Ethereum Spot ETFs See $56.97 Million in Net Inflows: 13-Day Positive Streak Continues
Ethereum spot ETFs recorded $56.97 million in net inflows on June 4, marking the 13th consecutive day of positive inflows. The highest inflow was recorded by BlackRock’s ETHA ETF ($73.18 million). Grayscale’s ETH ETF saw an inflow of $7.41 million, while Fidelity’s FETH ETF experienced an outflow of $23.62 million. The total value of Ethereum spot ETFs reached $9.877 billion, equivalent to 3.14% of Ethereum’s market capitalization. The total net inflow exceeded $3.29 billion.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.
