Polymarket predicts a 36% probability on the event "Bitcoin drops to $55,000 in June."

As of June 10, market sources indicate Israel is preparing to launch another strike on Iran. During a recent Fox News appearance, former President Donald Trump said he would order strikes targeting Iranian power plants and bridges. Bitget’s market data shows both oil prices surged more than 1.4% in the short term. Ahead of the U.S. market opening, U.S. stock index futures extended their losses: Nasdaq 100 futures fell over 1.5%, while S&P 500 futures dropped more than 1%.

June 10 — Franklin Templeton’s CEO has stated the asset manager will participate in SpaceX’s IPO.

On June 10, U.S.-listed Bitcoin miner Keel Infrastructure (formerly Bitfarms) announced the closing of a $458 million convertible senior notes offering, per a Globenewswire statement. The offering carries a 1.25% coupon rate, matures in 2032, and has an initial conversion price of approximately $7.41. A portion of the proceeds will be used to purchase capped call options to hedge dilution risks tied to the notes’ conversion, while the remaining capital will be allocated to long-term equipment deposits, data center project letter-of-credit collateral, and other general corporate purposes. The company’s core business focuses on Bitcoin mining and related data center infrastructure development.

**June 10 Update (via Hyperinsight monitoring: t.me/HyperInsight):** SpaceX’s recent equity adjustment has triggered a divergence in on-chain contract prices for its SPCX token. Since the June 3 S-1/A filing, SpaceX’s fully diluted share count has risen from ~1.187 billion to 1.308 billion—an approximate 10% jump. In response, SPCX contract prices across platforms have continued to decline; Hyperliquid’s SPCX contract currently trades at $163. Amid the misalignment between equity changes and actual valuation, trading platforms have taken divergent approaches. One platform used a Rebase (adjusting the contract multiplier by ~1.1x) to smooth price discrepancies, while trade.xyz stated it “does not rely on market capitalization or total share data” and made no adjustments. Notably, a Hyperliquid whale has held the largest long position in SPCX since its May 18 launch: it went long with 1x leverage at an average entry price of $197. If the Rebase mechanism applied to this position, the w

June 10. Morgan Stanley responded today to a research report from independent firm SemiAnalysis that sparked a sharp sell-off in U.S. stocks yesterday. While Morgan Stanley agreed with SemiAnalysis that CPO (Compute Express Link Plugable Optics) volumes will fall short of near-term targets, it remains bullish on CPO’s explosive growth starting in 2028. The Wall Street bank also explicitly pushed back against SemiAnalysis’s claim that 800V mass production is delayed until 2028, with supply chain checks confirming 800V cabinets are still on track for release in the second half of 2026. The day prior, SemiAnalysis had released a report flagging major delays to two key AI data center technology paths—an issue cited as a key driver of the U.S. AI sector’s sharp pullback yesterday. On CPO specifically, Morgan Stanley’s view lines up closely with SemiAnalysis: the firm projects global optical engine shipments will hit just 6-7 million units in 2027, far below the market’s consensus estimat

June 10 — Fox News reports that Trump said he is close to ordering a new strike targeting Iranian power plants and bridges, and will continue taking action against Iran.