Powell Did Not Comment on Monetary Policy
US Federal Reserve (Fed) Chairman Jerome Powell did not comment on monetary policy or the economic outlook in his speech on June 3. The speech did not contain any content that would shape market expectations for interest rate cuts.
Fed’s Goolsbee: Tariffs’ Impact on the Economy Remained Surprisingly Limited
Federal Reserve member Austan Goolsbee said that inflation reports have been quite positive so far and that the economic impact of trade tariffs has been more limited than expected. However, he also noted that it is not yet known whether this impact will change in the next month or two. Goolsbee said that economic indicators will continue to be monitored.
Musk’s xAI Company Reaches $113 Billion Value with $300 Million Stock Sale
According to the Financial Times, Elon Musk’s artificial intelligence company xAI has initiated a $300 million share resale transaction. The company’s value rose to $113 billion with this sale. The sale allows employees to sell their shares to new investors and could trigger a larger funding round. xAI also acquired the social media platform X in March 2025.
Tether and Bitfinex Transfer 21,000 Bitcoin to 21 Capital
Tether and Bitfinex transferred a total of 21,000 BTC to Bitcoin investment firm 21 Capital on the morning of June 3. Tether sent 14,000 BTC, while Bitfinex transferred 7,000 BTC. Tether had previously transferred 4,812 BTC to the same company as part of a PIPE financing deal on May 10.
Ethereum Foundation Restructures Its R&D Team
The Ethereum Foundation announced on its official website that it has restructured its R&D unit under the name “Protocol” and will focus on three strategic goals: L1 scaling, blob scaling, and user experience improvement. The team, led by Tim Beiko and Alex Stokes, aims to accelerate zkEVM and Layer 2 integrations. Some members will be leaving the foundation.
Sberbank Launches Bitcoin-Linked Structured Bond Product
Russia’s largest commercial bank, Sberbank, has launched a structured bond product linked to Bitcoin price movements and dollar/ruble exchange rate fluctuations. The product is currently available to qualified investors in the over-the-counter market. It is planned to be listed on the Moscow Exchange in the future.
Three-Day Net Outflow in Bitcoin Spot ETFs: $268 Million on June 2
According to SoSoValue data, a total of $268 million in net outflows were recorded from Bitcoin spot ETFs as of June 2. Bitwise’s BITB ETF was the only positive product with an inflow of 3.4 million dollars. The largest outflow was recorded in BlackRock’s IBIT ETF at 130 million dollars. The total ETF asset value stands at 125.47 billion dollars, equivalent to 6.02% of Bitcoin’s total market value.
Ethereum Spot ETFs See 11th Consecutive Day of Net Inflows: 78 Million Dollars on June 2
Ethereum spot ETFs recorded a total net inflow of 78.17 million dollars on June 2. This marks the 11th consecutive trading day of positive inflows. BlackRock’s ETHA ETF saw the highest inflows at 48.39 million dollars, while Fidelity’s FETH ETF recorded 29.77 million dollars in net inflows. The total asset value currently stands at 9.37 billion dollars, representing 3.06% of ETH’s total market value.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.
