hodler

10 Jun 2026, 09:15

CPI, FOMC, and the SpaceX IPO: two weeks of consequential data

Plus, the Fed meeting carries an added wrinkle this year: new Chair Kevin Warsh may use it to start dismantling the central bank’s forward guidance. TL;DR CPI for May releases Wednesday, June 10, and PPI for May the next morning, the last inflation reads before the Fed meets. The FOMC decision lands Wednesday, June 17, Kevin Warsh’s first meeting as Fed chair , with the rate widely expected to hold at 3.50%–3.75% . The risk has flipped: fed funds futures now price a rate hike, not a cut, as the more likely year-end move , and Warsh may scrap the dot plot as soon as this meeting. SpaceX (SPCX) is set to debut on Nasdaq Friday, June 12, in what would be the largest IPO in history at a $1.75 trillion valuation. CPI (May 2026): Wednesday, June 10 The Consumer Price Index for May 2026 releases Wednesday, June 10, at 8:30 a.m. ET. It covers the month of May and is the last CPI reading the Federal Reserve will see before the FOMC meets on June 16 and 17. April’s CPI came in at 3.8% year-over-year, a second consecutive monthly acceleration and the highest annual rate since May 2023. Traders are watching whether May’s print sustains that momentum or shows the first sign of moderation. The reading feeds directly into the FOMC’s deliberations, and the backdrop has shifted sharply this year. Markets came into 2026 expecting rate cuts. After the recent inflation acceleration tied to the energy shock, fed funds futures now lean toward a hike as the more likely year-end move (more on that below). A hotter May print would reinforce that repricing. A softer one would reopen a conversation that has largely closed. Historically, rate-sensitive assets including BTC and ETH have responded to CPI surprises in both directions. Relevant markets on Kraken Pro: BTC/USD , ETH/USD , and associated margin and futures pairs. PPI (May 2026): Thursday, June 11 The Producer Price Index for May 2026 follows the next morning, Thursday, June 11, also at 8:30 a.m. ET. Producer prices measure what businesses receive for their output and are watched as a leading signal for consumer inflation. April’s PPI reading was significant: final demand prices rose 1.4% month-over-month and 6.0% year-over-year, the largest 12-month gain since December 2022. Two inflation reads in two days, both landing before the FOMC convenes, give traders an unusually compressed window to calibrate expectations. Traders watching for signs of demand destruction or supply-side relief will assess whether April’s PPI acceleration was an outlier or the start of a trend. If May PPI confirms the April move, the case for the Fed holding rates, or even leaning toward a hike, strengthens. If it reverses, the data picture heading into the FOMC becomes more ambiguous. Historically, PPI and CPI have moved rate-sensitive assets in both directions, depending on how they line up against existing market pricing. Relevant markets on Kraken Pro: BTC/USD , ETH/USD , and USD-denominated futures pairs. FOMC rate decision and projections: Wednesday, June 17 The Federal Open Market Committee concludes its two-day meeting on Wednesday, June 17 , with a decision expected at 2:00 p.m. ET and a press conference at 2:30 p.m. ET. This one is different in two ways. First, it is Kevin Warsh’s first meeting as Fed chair. Warsh was sworn in on May 22, 2026, succeeding Jerome Powell, who stepped down as chair but remains on the Board of Governors. The press conference will be Warsh’s first as chair, and traders will parse his tone and communication style as closely as the decision itself. The decision is widely expected to be a hold. The federal funds target range has sat at 3.50%–3.75% since the Fed’s December 2025 cut, the last of three consecutive cuts in late 2025, and it has stayed there through the January, March, and April meetings. What has changed is the direction of risk. Markets came into 2026 expecting further easing. After the inflation acceleration tied to the energy shock, fed funds futures have flipped: as of early June, the CME FedWatch tool put the odds of at least one rate hike by year-end above 50%, with a quarter-point hike by December near 43% and 2026 cuts all but priced out. Second, and unusually, the meeting’s centerpiece may be disappearing. June is a Summary of Economic Projections meeting, which normally means an updated dot plot, the chart of where each official expects rates to go. But Warsh has long criticized forward guidance, and reporting that originated with the Financial Times indicates he may begin rolling it back as soon as this meeting, potentially dropping the dot plot’s rate forecast and stripping the easing or tightening bias language from the statement. Whether the dot plot appears at all, and in what form, is now one of the biggest questions heading into June 17. So traders are watching several things at once: whether the dot plot survives and, if it does, whether its lone remaining 2026 cut is erased; whether the inflation projections are revised upward in light of recent CPI and PPI data; and how Warsh frames the path ahead in his first press conference. The week’s data sequence, CPI on Wednesday and PPI on Thursday, lands directly in the committee’s deliberation window. Retail sales for May also release on decision-day morning, June 17, at 8:30 a.m. ET, so traders will be reading the Fed’s statement with fresh spending data in hand. Historically, FOMC decisions have produced significant moves across crypto and risk assets, with volatility elevated in the hours around the announcement and press conference. Relevant markets on Kraken Pro: BTC/USD , ETH/USD , XRP/USD , SOL/USD , across spot, margin , and futures . SpaceX (SPCX) Nasdaq IPO: Friday, June 12 SpaceX is targeting its Nasdaq listing under the ticker SPCX on Friday, June 12, with shares priced after market close on Thursday, June 11. SpaceX filed Amendment No. 1 to its Form S-1 with the SEC on June 1, 2026, following its initial public S-1 on May 20 . Reuters has reported a proposed price of $135 per share, with the company seeking to raise roughly $75 billion at a $1.75 trillion valuation, which would make it the largest IPO by amount raised in history. The previous record holder, Saudi Aramco, raised $25.6 billion in its December 2019 listing and $29.4 billion once its over-allotment was exercised in early 2020. Pricing and final terms aren’t confirmed until the effective prospectus. Traders are watching this event for two distinct reasons. First, the sheer scale of capital deployment: a $75 billion raise represents a significant liquidity event. Second, Nasdaq fast-entry rules can make a very large newly public company eligible for Nasdaq-100 inclusion after 15 trading days, which would create index-driven passive demand independent of the company’s fundamentals. The listing coincides with the weekly Deribit BTC and ETH options expiry, also scheduled for Friday, June 12 at 08:00 UTC. Crypto traders monitoring risk sentiment will be watching how equity markets open around the SPCX debut. Deribit BTC and ETH options expiries: Fridays, June 12 and June 19 Weekly BTC and ETH options on Deribit settle every Friday at 08:00 UTC. Two expiries fall in the next two weeks: Friday, June 12 and Friday, June 19. The June 12 expiry arrives in a uniquely dense data environment: the morning after PPI prints and on the day of SpaceX’s anticipated Nasdaq debut. Spot prices in BTC and ETH can converge toward max-pain levels in the hours before the 08:00 UTC settlement. The June 19 expiry lands two days after the FOMC decision and Warsh’s press conference. Post-FOMC repricing, if significant, will be the dominant backdrop for positioning into that second settlement. Traders active in the crypto derivatives market should note that June 19 is Juneteenth, a US federal holiday: US equity markets are closed, but Deribit’s schedule is unaffected. Also on the calendar Industrial Production and Capacity Utilization (G.17) releases Monday, June 15 at 9:15 a.m. ET, the day before the FOMC convenes. It is a secondary data point, but traders watching for signs of manufacturing slack or tightness, as context for the Fed’s economic assessment, may find it relevant. The setup These two weeks have a clear structure. CPI and PPI on consecutive days set the inflation context. The FOMC then meets with that data in hand, and this time the meeting may reshape how the Fed communicates its outlook, not just where it sets rates. Running alongside is a high-profile equity event in the SpaceX IPO, which brings its own risk-sentiment read, plus two Deribit expiry windows that bracket the week’s most significant decisions. Traders who think through each of these events, and how one feeds the next, will be better positioned to read what markets are doing in the days that follow, rather than reacting to noise. Explore markets on Kraken Pro This content is for informational purposes only and does not constitute financial advice. Past market behavior is not a reliable indicator of future results. Trading involves risk. The post CPI, FOMC, and the SpaceX IPO: two weeks of consequential data appeared first on Kraken Blog .

10 Jun 2026, 09:06

XRP, ADA, SOL Crash Again as BTC Price Slumps to $61K: Market Watch

Perhaps driven by the escalating tension in the Middle East, bitcoin’s price was rejected at $64,000 and tumbled to just under $61,000 in the past 12 hours or so. The altcoins have taken an even bigger beating, with XRP, SOL, and ADA dumping by over 5%. ZEC and HYPE have marked even more profound declines. BTC Drops Again The previous business week brought some intense volatility and painful declines for the primary cryptocurrency. BTC entered it at $73,000 but quickly began losing key support levels, and the culmination took place on Friday. After dumping below $70,000, $65,000, and $62,000, the cryptocurrency knocked on the $60,000 door for the first time since early February. However, unlike that crash, the bears were more persistent this time and pushed the asset below that level to mark a 19-month low at $59,100. Nevertheless, bitcoin managed to rebound swiftly and reclaimed that level by the end of the day. It jumped to $61,000 and $62,000 over the weekend and spiked to $64,000 twice at the start of the current business week. However, reports emerged that Iran had taken down a US helicopter, and the latter’s president said they had to respond. This growing geopolitical tension resulted in immediate price declines in the crypto markets (also on Wall Street), and BTC quickly dumped to just under $61,000. It now fights to reclaim that level, as its market cap has slipped to $1.225 trillion, and its dominance over the alts is down to 56%. BTCUSD June 10. Source TradingView Alts Bleed Again Most altcoins have followed suit on the way down. Ethereum has dropped by over 3% toward $1,600, BNB has dumped to $585 after a similar decline, while DOGE is down to $0.084. XRP has dropped by over 5%, and it tests a key support level again. SOL is well below $65, while ADA keeps dropping to $0.16. HYPE and ZEC have lost the most value over the past 24 hours, dumping by double digits. Consequently, the former trades at $56, while the latter is down to $425. Even more painful declines are evident from SIREN (-37%), LAB (-16%), and DEXE (-15%). In contrast, BEAT has risen by 28%, followed by WBT (13%) and STABLE (12%). The total crypto market cap has erased over $60 billion in a day and is below $2.2 trillion on CG now. Cryptocurrency Market Overview June 10. Source: QuantifyCrypto The post XRP, ADA, SOL Crash Again as BTC Price Slumps to $61K: Market Watch appeared first on CryptoPotato .

10 Jun 2026, 09:02

Pundit Predict What Will Happen to XRP and XLM Once CLARITY Act Passes

Banks will not lose deposits but instead expand into digital asset capabilities if the CLARITY Act is passed, according to crypto pundit X Finance Bull, who argued that community banks could integrate utility-focused digital assets such as XRP and XLM into their service offerings. The post emphasized that the shift would not replace traditional banking structures but operate alongside them within a coexisting financial model. The pundit stated that regulatory clarity under the CLARITY Act could catalyze broader institutional adoption of blockchain-based financial tools. In this view, banks would maintain their core deposit functions while adding new capabilities tied to tokenized payments, settlement systems, and digital asset infrastructure. The argument framed digital assets as an extension of financial services rather than a competing system. Banks won't lose deposits. They'll gain digital asset capabilities. Sen Lummis told the banking lobby exactly that. Once the CLARITY Act passes, community banks will integrate $XRP , $XLM , and utility assets into their offerings. Not replace. Coexist. pic.twitter.com/L46TXmYs1P — X Finance Bull (@Xfinancebull) June 8, 2026 Lummis’s Remarks on Banking Stability and Digital Integration The post referenced U.S. Senator Cynthia Lummis’s comments in a video in which she addressed concerns from banking stakeholders regarding the potential impact of digital assets on community bank deposits. She noted that some lawmakers and banking groups remain concerned that digital asset adoption could weaken traditional deposit bases. Lummis rejected that concern and stated that the available data do not support the assumption of deposit loss. She pointed to the expansion of stablecoins within the financial system and argued that bank deposits have, in some cases, increased alongside their adoption. Her position emphasized that digital financial products can strengthen, rather than weaken, local banking participation. She further explained that community banks could gain new opportunities by integrating digital asset services into their offerings. According to her remarks, this would allow banks to expand financial services at the local level while adapting to changing consumer and institutional demand. She described the relationship between traditional banking and digital assets as one of coexistence, not displacement. Community Response Highlights Diverging User Expectations The post also included reactions from users engaging with the topic, including a comment from Roynow122 who expressed a preference for fully digital financial systems over traditional banking structures. The user suggested that they would prefer to rely on digital wallets rather than banks if given the option, reflecting a segment of sentiment that favors self-custody and decentralized financial access. This perspective contrasts with the regulatory and institutional framing presented in the post, which focuses on integration within the existing banking system. The discussion around assets such as XRP and XLM remains centered on how these instruments could be embedded into regulated financial institutions rather than replacing them. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Outlook on Banking Integration of Digital Assets The core argument advanced by X Finance Bull is that regulatory clarity from the CLARITY Act could accelerate the integration of blockchain-based assets into mainstream banking services. Under this framework, community banks would retain their deposit structures while expanding into digital asset-enabled financial products. The post positions this development as an evolution of banking infrastructure rather than a disruption. It suggests that assets like XRP and XLM could play a functional role in payment and settlement systems operated by regulated institutions. Overall, the commentary frames the anticipated post-CLARITY Act environment as one in which traditional banking and digital asset ecosystems operate in parallel, with banks adapting by incorporating new technologies instead of being displaced by them. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Pundit Predict What Will Happen to XRP and XLM Once CLARITY Act Passes appeared first on Times Tabloid .

10 Jun 2026, 09:01

Biggest stock movers Wednesday: CBRL, CLLS, SMCI, chip stocks, and more