Your Weekly Markets Briefing
Recap
- Markets had slipped on Thursday, dragging Bitcoin (BTC) down 3.05%, before the main crypto assets including Bitcoin and Ether (ETH) rebounded over the weekend.
- The UK’s FCA signaled a potential softening of its crypto stance by lifting a ban on sales of crypto exchange-traded notes to consumers.
- Solana posted a record $900 billion DEX (decentralized exchanges) volume YTD.
- A major expiry of an options contract added to volatility.
This week, we'll be monitoring (all times UTC):
Monday 9 June
Economic data
- 01:30 China Inflation Rate: Investors are watching for signals of domestic demand recovery and potential stimulus when China releases its monthly report on the increase/decrease in the price of goods.
Macro/Geopolitical
- US tariffs – legal developments: it’s the deadline for the US government to respond in an appeals court to a ruling that would reject the way President Trump used a special emergency powers act to introduce his second term tariffs. The outcome of these cases could reshape global trade sentiment.
Regulation
- 16:00 US DeFi Regulation: the US Securities and Exchange Commission (SEC) holds a key roundtable event on Decentralized Finance (DeFi). Market participants will look for clues on regulatory direction, including remarks made by SEC Chairman Paul Atkins and SEC Commissioners.
Tuesday 10 June
Economic data
- Early morning: UK Unemployment Rate: A tight labor market may fuel BoE hawkishness.
Wednesday 11 June
Economic data
- 12:30 US Inflation Rate: a critical statistic to inform expectations for how the US Federal Reserve FOMC (Federal Markets Open Committee) acts and communicates. The numbers released could spark a broad market repricing.
Regulation
- US Senate votes on the GENIUS Act Stablecoin legislation. If successful, the bill could advance and clear the Senate the following early next week.
Thursday 12 June
Economic data
- 12:30 UK GDP MoM: monthly data that may validate or challenge expectations around the UK economy.
- 12:30 US Initial Jobless Claims
- 14:00 Michigan Consumer Sentiment
