Iranian Foreign Minister: Iran-US new round of talks may take place in Switzerland on the 19th

June 16 — French Bitcoin treasury firm Capital B is developing a digital credit product for the European market, with a structural framework drawing from Strategy’s STRC and Strive offerings. During the BTC Prague conference, company director Alexandre Laizet revealed the Bitcoin balance sheet-based tool is tailored to Europe’s high-tax, strict regulatory landscape, designed to bring new income-generating structured products to the region. Laizet explained the offering aims to pair Bitcoin treasury assets to deliver double-digit returns while keeping volatility contained in a narrow range, boosting capital efficiency via debt and revenue mechanism design. He highlighted Bitcoin’s long-term upward price trajectory as the underlying asset, which lets the treasury sustain consistent long-term profit distributions, citing Strategy’s recent dividend payout—funded by selling a small portion of BTC before adding more holdings—as an example of this fund recycling model. While Laizet noted i

On June 16, cryptocurrency payment project Pyra announced it will officially halt operations and enter liquidation, after failing to secure a sustainable recovery plan following a full review of all viable options. The team cited a previous Drift-related security incident as the main driver of the shutdown, which caused severe damage to both its business and user funds. Over the past months, Pyra tested various rebuilding and fundraising strategies but couldn’t resolve ongoing operational challenges. Per the announcement, user withdrawals remain functional; new user registrations are closed, and all Pyra card services are canceled. In the coming weeks, the company will phase out its mobile app, launch a web portal for users to manage open positions, and complete withdrawal workflows. Pyra also noted that once Drift resumes token distribution, it will distribute funds to affected users via that web portal—though the exact timeline is pending confirmation from the Drift team.

June 16: Federal Reserve Chair Jerome Powell signaled a preference for the "trimmed mean PCE inflation" metric—an inflation gauge that excludes extreme price values before calculating a weighted average. Boston College economics professor Brian Bethune notes the trimmed mean PCE isn’t the most reliable indicator right now. He explains this measure works best when inflation shocks mirror the 2009–2019 pre-COVID period, where positive and negative price shocks were relatively balanced. But when price shocks stem from factors like supply disruptions, tariffs, surging oil costs, or major special events (such as the World Cup), the trimmed mean PCE tends to understate actual inflation. Bethune added that he hopes someone will challenge this take. Regardless of which inflation metric is used, U.S. inflation has remained above the Fed’s 2% target since spring 2021. (FX168)

June 16 – Bitget market data signals robust pre-market gains for a cohort of semiconductor and storage stocks today. Micron Technology touched a new all-time high of $1,121 in pre-market trading before pulling back slightly to $1,113, marking a 2.33% pre-market advance. Qualcomm leads the group with a 4.16% pre-market jump, followed by Western Digital rising 4.05%, Seagate Technology gaining 3.21%, and SanDisk notching a 1.09% pre-market increase.

June 16, Citigroup noted that demand for AI inference remains robust, with a shortage of computing power spreading from the latest generation of chips to prior GPUs, forcing model vendors to accelerate monetization through tactics like dynamic pricing, usage quotas, and routing mechanisms. In a June 14 report, analysts including Heath Terry found that rental rates for A100 GPUs rose 0.6% over the past week, and 11% cumulatively over six weeks—signaling AI computing demand isn’t limited to only cutting-edge hardware. The firm added that some state-of-the-art models have lifted prices sharply after improving their intelligence benchmarks, with Citigroup observing that “scarcity is being monetized faster than it’s being solved.” The report also highlighted that no model vendor currently boasts all three key advantages: intelligence, speed, and affordability. Top-tier models have seen their intelligence scores climb roughly 4 points, yet their overall prices have nearly doubled. Mean

On June 16, SpaceX’s stock price rallied sharply in pre-market trading on U.S. exchanges, climbing roughly 11%—extending its more than 40% jump through the first two days of trading as a public company. By the close of regular trading on Monday, SpaceX’s market capitalization topped $2.5 trillion, closing in on Amazon’s valuation of nearly $2.7 trillion. In a statement released Monday, SpaceX confirmed it exercised the over-allotment option (often referred to in markets as the “greenshoe” option) for its initial public offering (IPO), which allows underwriters to sell an additional 83.3 million shares. This move lifted the total fundraising amount to $86.2 billion. Excluding the $500 million underwriting fee specified in the IPO prospectus, SpaceX’s net proceeds from the offering came to $85.7 billion. Data from Vanda Research shows that retail investor buying volume for SpaceX over its first two trading days equals the total retail buying activity across the entire U.S. stock market