Latest news
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US adds 172,000 jobs in May as Fed holds rates steady
The US economy added 172,000 jobs in May, roughly double economist expectations, prompting traders to price in a higher probability of rate increases rather than cuts later this year. The Federal Reserve kept its benchmark rate at 3.5%-3.75%, emphasizing the need for sustained cooling in inflation and labor market strength before easing.
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Senate blocks FISA Section 702 reauthorization in rare bipartisan vote
The US Senate voted 52-47 on June 5 to block a bill reauthorizing Section 702 of the Foreign Intelligence Surveillance Act, which allows warrantless collection of Americans' communications. Seven Republicans joined Democrats in opposing the measure, citing privacy concerns.
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Stratos data center slashed 50% after Utah protests over water, power
A hyperscale data center project backed by Kevin O'Leary's venture firm is being reduced by roughly 50% following community opposition over water usage, power demand, and environmental concerns in Utah.
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Hedge funds post 5.35% May returns, beat MSCI by 80 basis points
Equity-focused hedge fund strategies delivered 5.35% returns in May, beating the MSCI total return index's 4.55% gain. The outperformance reinforces investor confidence in traditional asset management, with over 90% of allocators reporting portfolios met or exceeded 2025 expectations.
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US Financial Conditions Index hits -1.75, lowest in 2.5 years
The US Financial Conditions Index fell to -1.75 as of June 5, 2026, marking its lowest reading in over two and a half years. Eased financial conditions historically coincide with strong risk asset performance, though rising inflation risks could shift policy dynamics.
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WTO warns of sharp trade deceleration in 2026, raising risks for crypto and risk assets
The World Trade Organization's Merchandise Trade Barometer fell to 101.7 in June 2026, signaling slowing growth. The WTO projects merchandise trade will grow just 1.9% in 2026, less than half 2025's 4.6% pace, driven by fading AI hardware demand and geopolitical risks that could push growth even lower.
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India, US race to finalize trade deal by mid-July 2026
India and the United States are targeting mid-July 2026 to complete the first phase of a bilateral trade agreement, driven by an expiring 10% tariff on imports and a February commitment for India to purchase over $500 billion in US goods across five years.
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TRON lists TRX on CFTC-regulated Bitnomial exchange
TRON DAO announced on June 5 that TRX, the network's native token, is now available for spot trading on Bitnomial, a US-based derivatives exchange regulated by the CFTC. The listing gives American institutional investors and traders regulated access to the token.
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House Ways and Means releases seven digital asset tax bills for June 9 hearing
The House Ways and Means Committee released seven discussion-draft bills targeting digital asset taxation on June 2, with a hearing scheduled for June 9. The proposals address de minimis exemptions, stablecoin treatment, mining and staking deferrals, wash sale rules, and charitable contribution appraisals, marking the most significant crypto tax reform since the IRS classified Bitcoin as property in 2014.
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eToro reports record retail buying in semiconductor stocks in May 2026
Retail investors on eToro's US platform achieved record buy volume in May 2026, driven by semiconductor stocks surging 69% over two months. Analysts warn concentrated exposure poses portfolio risk as momentum potentially fades.
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S&P Global Maintains IPO Rules, Blocks SpaceX From Fast-Track Index Entry
S&P Dow Jones Indices confirmed it will not loosen eligibility rules for major indices, maintaining its 12-month seasoning and profitability requirements despite competitors relaxing standards for large IPOs. The decision affects companies like SpaceX, which is planning a June 2026 IPO.
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Pump.fun launches GO bounty platform with $100K+ in memecoin rewards
Pump.fun, the Solana memecoin launchpad, unveiled GO, a bounty marketplace where users post crypto-denominated tasks. Within hours of launch, the platform accumulated over 230 active bounties and more than $100,000 in escrow rewards, including a $57,000 bounty for skydiving into a World Cup match.
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SOXL semiconductor ETF surpasses Apple, Amazon trading volume
On June 5, the 3x leveraged semiconductor ETF SOXL recorded daily trading volume exceeding both Apple and Amazon combined, hitting 104–108 million shares. The surge reflects speculative positioning and heightened retail interest in chip stocks driven by AI momentum.
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ApxUSD stablecoin drops to 90 cents as Bitcoin collateral falters
ApxUSD, a dividend-backed stablecoin collateralized by Bitcoin-correlated preferred shares, dropped to $0.90–$0.93 on June 4 when its STRC collateral fell alongside Bitcoin's decline below $63,000. Apyx Finance characterized the depeg as expected, not a model failure.
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Crypto Council launches Vault Coalition to clarify DeFi regulatory status
The Crypto Council for Innovation assembled Galaxy, Morpho, a16z crypto, and others to resolve legal ambiguity around yield-generating vaults, planning legal analysis and direct regulator engagement to prevent classification as securities.
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Ether.fi Launches $100M Liquid RWA Vault on Midas Infrastructure
Ether.fi committed $100 million to a new Liquid RWA vault built on Midas' Vault OS, launched June 5 in partnership with Plume Network. The vault provides tokenized exposure to traditional financial assets but carries distinct credit risks separate from staking.
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Nvidia stock falls 6.2% as jobs data and Senate export scrutiny collide
Nvidia shares dropped $13.56 to $205.10 on June 5 after strong US jobs data and Senator Elizabeth Warren's invitation for CEO Jensen Huang to testify on China chip exports rattled investors.
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VeVe launches Stickerverse on Telegram for 1 billion users
VeVe debuted Stickerverse, a Telegram-native NFT sticker platform built on TON, on June 4. The launch brings digital collectibles to Telegram's nearly 1 billion monthly active users without gas fees, leveraging VeVe's 8 years of experience and 200+ brand partnerships.
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Senator Banks urges Trump administration to evaluate autonomous AI systems
Senator Jim Banks sent a letter to the Trump administration on June 5 pushing for federal oversight of AI systems that can autonomously improve themselves without human oversight, backing a recent cybersecurity executive order.
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Nansen API adds backtesting data and faster top-ups for strategy replay
Nansen rolled out expanded historical backtesting endpoints and an overhauled credit system, letting traders replay strategies against onchain data without look-ahead bias and auto-replenish credits instantly.
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Bitcoin, Ether Post Worst Week Since FTX Collapse as Crypto Sheds $390B
Bitcoin fell 17.3% and Ether dropped 22% this week—their largest weekly declines since November 2022—as the crypto market shed roughly $390 billion in value amid liquidations, ETF outflows, and a stronger-than-expected U.S. jobs report.
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House AI bill faces skepticism from both parties as regulatory consensus fractures
A bipartisan House proposal for federal AI oversight faces pushback from Democrats, Republicans, and the Trump administration, leaving the U.S. regulatory landscape fragmented and uncertain.
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AI Can Reverse Productivity Slowdown, Says Economist Julian Jessop
Independent economist Julian Jessop argues that artificial intelligence can drive productivity growth and reverse a structural slowdown since the 2008 financial crisis, while excessive regulation diverts corporate focus away from efficiency and profits.
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US adds 172,000 jobs in May, nearly doubling economist forecasts
The US economy added 172,000 nonfarm payroll jobs in May, nearly double the 85,000–88,000 economists expected. The stronger-than-forecast data could discourage Federal Reserve rate cuts, pressuring risk assets like crypto as Treasury yields remain attractive.