June started off with several key developments in the crypto industry that eventually shaped market behavior all around. Let’s get to a recap.
Monday
We started off Monday with reports of another major Bitcoin move by US-based business analytics company, Microstrategy. The company announced that it will be offering yields through a new preferred stock offering called STRD, aimed at raising $ 250 million to buy more Bitcoin.
Meanwhile, we reported how the investment community is losing faith in seeing a new interest rate cut at the upcoming FOMC meeting this month. Up to 97% of Polymarket traders are now betting against a rate cut, suggesting that market sentiment has shifted toward expectations of higher-for-longer interest rates.
Reports of a major security breach at Coinbase also made headlines on June 2nd, with new details revealing that the breach traces back to January 2025 and involves TaskUs contractors leaking sensitive customer data in exchange for bribes.
Tuesday
U.S. imports hit their lowest level since the 2008–2009 financial housing crisis. Now two months into “Liberation Day” tariffs — the manufacturing market is starting to feel the effects of the aggressive policy change. Fed Chairman Jerome Powell spoke about the overall economy and even opened up about the potential for the dollar to become more volatile in the coming months.
Institutional Bitcoin adoption continued to grow. Norwegian Block Exchange (NBX) enjoyed a 138% pump to its stock value in a single day — after announcing a major Bitcoin purchase. Meanwhile,
Ethereum’s ecosystem expansion continued this week with the official launch of the Devconnect ARG Scholars Program. Designed to foster interdisciplinary collaboration, the initiative welcomes 100 new participants from legal, cultural, and technical sectors.
Finally, on this date, Hedera got a new ETP (exchange-traded product) — a financial product that exposes European investors to HBAR
Wednesday
California got a major breakthrough on crypto regulation, as the State passed the AB 1180 bill allowing businesses to integrate blockchain technology more seamlessly into financial services.
As the market started to turn, a few traders got liquidated off the market. A notoriously interesting story about this crypto influencer who lost hundreds of millions of dollars in an ultra-leveraged Bitcoin long position.
Also on this date, we reported about the UK FCA updating its enforcement investigation guide for cases initiated from June 2025 onward. The revised guide, effective June 3, introduces new public-disclosure criteria, including an option for anonymous launch notices under specific conditions.
Thursday
Thursday started with shocking news as former partners Donald Trump and Elon Musk publicly clashed over failed business ventures and political differences, leading to a complete fallout between the two billionaires. The clash involved Musk accusing Trump of being in the Epstein files, while the President threatened to cut subsidies to Musk’s companies. The event led Tesla to have a historic poor performance.
Meanwhile, Dogecoin founder Billy Markus openly criticized Donald Trump’s tariff policy, calling the measures “super stupid” and sparking debate within the crypto community.
President Trump tripled-down on his remarks about Fed Chairman Jerome Powell. The President, who has been pressuring the head of the central bank into lowering interest rates—so far unsuccessfully—has yet again called for interest rate cuts at the next FOMC meeting this month.
Friday
On Friday, we got a more detailed outlook on the decline of imported goods entering the U.S. Overall, America saw a $ 68 billion decline in just one month, marking the largest decline in history.
Elon Musk announced a new partnership between his social media company X and crypto-based prediction market Polymarket, marking yet another sign that Twitter is slowly integrating deeper into the crypto ecosystem.
Overall, the week was full of shocking and unexpected events that shaped investors’ sentiment all across the world. Moving forward to a FOMC meeting in just 10 days, next week promises to provide further insight into the central bank’s approach to inflation control, as investors brace for potential policy shifts.
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