Trump: Will continue to take action against Iran, nearing order to strike Iranian power plant and bridges

June 10 update: Donald Trump’s Media Technology Group (DJT.O) announced that parties involved have decided not to move forward with the potential spin-off of TMTG’s media assets—including the Truth Social social platform—for now. The development follows a February 27 announcement from TMTG, where the company noted it was in talks to spin off its assets (including Truth Social) into a separate publicly traded entity.

June 10: Onchainlens monitoring reveals that the whale identified by the on-chain tag “0x97f” has closed its short position on the S&P 500 Index to take profits. The position—originally opened with 50x leverage and a peak size of $147.16 million—generated earnings of over $1.565 million upon closure.

On June 10, Fold—a U.S.-listed Bitcoin financial services provider—announced it has sold approximately $45 million worth of Bitcoin at an average price of $71,000, alongside a completed capital restructuring. Of the proceeds from the Bitcoin sale, $20 million was used to retire Bitcoin-backed debt, while the remaining $25 million is allocated to business development. The company has now fully cleared all secured debts, bolstering its liquidity and cash flow position. Fold noted that it still holds a substantial amount of Bitcoin reserves and will flexibly adjust its asset allocation based on earnings to support ongoing business growth.

June 10: "Fed Whisperer" Nick Timiraos weighs in on the May CPI data. May’s core CPI climbed 0.21% month-over-month, coming very close to consensus expectations, lifting the annual core CPI rate to 2.9%. This marks the first time since December 2022 that the annual core CPI has surpassed its year-ago level.

June 10th – The U.S. Department of Labor announced Wednesday that May’s Consumer Price Index (CPI) rose 4.2% year-over-year, up from the prior month’s 3.8% reading. This marks the fastest year-over-year growth rate since April 2023, signaling ongoing price pressures fueled by elevated energy costs tied to the conflict with Iran. Since late February, when the U.S. and Israel launched strikes on Iran, American households have been feeling the pinch of surging oil prices. Rising energy expenses have dragged down consumer confidence, and there are scant signs that oil tankers will gain consistent, unobstructed passage through the Strait of Hormuz—meaning supply pressures in the global energy market are expected to persist.

June 10, 2024 New Ease, a core A-share listed firm in China’s optical module sector, announced Wednesday that it plans to issue H shares and list on the main board of the Hong Kong Stock Exchange (HKEX). The move aims to boost its capital strength and expand its global footprint. This H-share issuance and listing remains subject to multiple approvals and filings: greenlighting from the company’s shareholders’ meeting, submission to the China Securities Regulatory Commission (CSRC), and final nods from HKEX and Hong Kong’s Securities and Futures Commission (SFC). A key optical module supplier to leading AI giants including NVIDIA and Microsoft, New Ease has reaped significant benefits from the surging demand for high-speed optical modules—such as 800G and 1.6T models—powering AI data centers.