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On June 11, Benjamin Habbel, the Chief Business Officer of stablecoin giant Tether, has left the company after just nine months, during which he was responsible for driving the expansion of the company's business and its investment portfolio. In an email, Habbel stated that he will return to his co-founded private equity firm, Limestone Capital, as a managing partner.

[Tether's Chief Business Officer Benjamin Habbel Has Departed]On June 11, Benjamin Habbel, the Chief Business Officer of stablecoin giant Tether, has left the company after just nine months, during which he was responsible for driving the expansion of the company's business and its investment portfolio. In an email, Habbel stated that he will return to his co-founded private equity firm, Limestone Capital, as a managing partner.

Tether's Chief Business Officer Benjamin Habbel Has Departed

On June 11, Wedbush stated in a report that Oracle is taking the right steps to meet the surging demand for AI. Despite the company's stock price dropping 9% in pre-market trading following the announcement of its fourth-quarter results, Wedbush analysts noted that prepayments from Oracle's AI contracts and hardware provided by customers have acted as a buffer. The analysts indicated that these factors have reduced the amount of funding Oracle needs to raise and kept the financing requirements for fiscal year 2027 manageable in relation to the scale of AI demand. Oracle announced on Wednesday that it expects to raise $40 billion in debt and equity financing this year, which includes a previously announced $20 billion equity offering.

[Wedbush: Oracle's Spending is Essential to Meet AI Demand]On June 11, Wedbush stated in a report that Oracle is taking the right steps to meet the surging demand for AI. Despite the company's stock price dropping 9% in pre-market trading following the announcement of its fourth-quarter results, Wedbush analysts noted that prepayments from Oracle's AI contracts and hardware provided by customers have acted as a buffer. The analysts indicated that these factors have reduced the amount of funding Oracle needs to raise and kept the financing requirements for fiscal year 2027 manageable in relation to the scale of AI demand. Oracle announced on Wednesday that it expects to raise $40 billion in debt and equity financing this year, which includes a previously announced $20 billion equity offering.

Wedbush: Oracle's Spending is Essential to Meet AI Demand

On June 11, supply chain sources revealed that TSMC plans to moderately increase its foundry prices in the second half of the year due to rising upstream costs. The most sought-after 3nm process is expected to see a price increase of 15%. Chip manufacturers noted that the queue of customers has not significantly eased, and despite TSMC's continued ramp-up of wafer production capacity, which is projected to reach 160,000 to 175,000 wafers per month in the second quarter, the growth rate of AI demand still far exceeds market expectations.

[TSMC Increases 3nm Monthly Capacity to 175,000 Wafers but Still Cannot Meet AI Chip Demand; Price Hike Considered Up to 15%]On June 11, supply chain sources revealed that TSMC plans to moderately increase its foundry prices in the second half of the year due to rising upstream costs. The most sought-after 3nm process is expected to see a price increase of 15%. Chip manufacturers noted that the queue of customers has not significantly eased, and despite TSMC's continued ramp-up of wafer production capacity, which is projected to reach 160,000 to 175,000 wafers per month in the second quarter, the growth rate of AI demand still far exceeds market expectations.

TSMC Increases 3nm Monthly Capacity to 175,000 Wafers but Still Cannot Meet AI Chip Demand; Price Hike Considered Up to 15%

On June 11, Ondo Finance announced the hiring of John Hoffman, the former head of Invesco ETF, to lead its tokenized portfolio product business. John Hoffman joins the company as Managing Director and Head of Portfolio, having previously served as the Director of Distribution and Partnerships at Grayscale Investments. His focus will be on building and distributing tokenized portfolios, including those co-developed with asset management firms and strategies built around Ondo's existing products.

[Ondo Hires Former Invesco ETF Head to Lead Tokenized Portfolio Product Business]On June 11, Ondo Finance announced the hiring of John Hoffman, the former head of Invesco ETF, to lead its tokenized portfolio product business. John Hoffman joins the company as Managing Director and Head of Portfolio, having previously served as the Director of Distribution and Partnerships at Grayscale Investments. His focus will be on building and distributing tokenized portfolios, including those co-developed with asset management firms and strategies built around Ondo's existing products.

Ondo Hires Former Invesco ETF Head to Lead Tokenized Portfolio Product Business

On June 11, driven by ongoing inflationary pressures from the Iran conflict, US producer prices rose at the fastest rate in over three years in May. Data released by the US Bureau of Labor Statistics on Thursday showed that the Producer Price Index (PPI) increased by 6.5% year-on-year, marking the largest increase since November 2022, and rose by 1.1% month-on-month. The core PPI, excluding food and energy, rose by 4.9% year-on-year. The report highlights the escalating economic damage caused by energy price shocks resulting from the closure of the Strait of Hormuz. With the conflict unlikely to be resolved in the short term, businesses are passing on higher energy and transportation costs, leading to increased prices for other goods and services. Coupled with earlier data showing that consumer prices rose at the fastest rate in three years in May, Thursday's PPI report may further strengthen market expectations for the Federal Reserve to raise interest rates in 2026. As the labor market appears to regain momentum, the Federal Reserve is shifting its focus towards curbing inflation.

[US Producer Prices Surge in May, Highest Increase in Over Three Years]On June 11, driven by ongoing inflationary pressures from the Iran conflict, US producer prices rose at the fastest rate in over three years in May. Data released by the US Bureau of Labor Statistics on Thursday showed that the Producer Price Index (PPI) increased by 6.5% year-on-year, marking the largest increase since November 2022, and rose by 1.1% month-on-month. The core PPI, excluding food and energy, rose by 4.9% year-on-year. The report highlights the escalating economic damage caused by energy price shocks resulting from the closure of the Strait of Hormuz. With the conflict unlikely to be resolved in the short term, businesses are passing on higher energy and transportation costs, leading to increased prices for other goods and services. Coupled with earlier data showing that consumer prices rose at the fastest rate in three years in May, Thursday's PPI report may further strengthen market expectations for the Federal Reserve to raise interest rates in 2026. As the labor market appears to regain momentum, the Federal Reserve is shifting its focus towards curbing inflation.

US Producer Prices Surge in May, Highest Increase in Over Three Years

On June 11, independent research firm New Street Research initiated coverage on SpaceX, setting a target price of $165.

[New Street Research Initiates Coverage on SpaceX with Target Price of $165]On June 11, independent research firm New Street Research initiated coverage on SpaceX, setting a target price of $165.

New Street Research Initiates Coverage on SpaceX with Target Price of $165

As of June 11, the U.S. spot Bitcoin ETF has seen a net outflow of $2.1 billion this month, nearing the total outflow of $2.4 billion in May. On Wednesday alone, there was a net outflow of $214 million, indicating that the outflow trend is still ongoing. Since May 10, the total net assets of U.S. spot Bitcoin ETFs have decreased from $109 billion to $77 billion, a reduction of about $33 billion. During the same period, the price of BTC dropped from a high of $81,443 on May 10 to a low of $59,353, a decline of approximately 27%. Adam Haeems, head of asset management at Tesseract Group, stated that although the ETF is still experiencing outflows, the pace has 'significantly slowed', and the selling pressure appears to be exhausting rather than increasing. He believes that the outflows are primarily driven by three factors: leveraged funds redeeming spot ETFs and futures arbitrage positions, funds migrating out of the highest fee U.S. spot products, and capital rotating into AI stocks and upcoming tech IPOs. Koinly CEO Robin Singh noted that for the ETF outflows to stop, a rebound in spot demand and BTC returning to the $70,000 range is necessary. Haeems emphasized that the key to stopping the outflows lies in interest rate signals rather than a mere price rebound. He mentioned that the market has been holding near the 200-week moving average for the past week, and the likelihood of forming a weak bottom around this level is higher than a rapid rebound. He warned that if BTC clearly breaks below $60,000, the downside potential would be significantly greater than the upside potential from a corrective rebound.

[Analyst: Bitcoin ETF Outflows Continue but Pace Has 'Significantly Slowed', Selling Pressure is Exhausting]As of June 11, the U.S. spot Bitcoin ETF has seen a net outflow of $2.1 billion this month, nearing the total outflow of $2.4 billion in May. On Wednesday alone, there was a net outflow of $214 million, indicating that the outflow trend is still ongoing. Since May 10, the total net assets of U.S. spot Bitcoin ETFs have decreased from $109 billion to $77 billion, a reduction of about $33 billion. During the same period, the price of BTC dropped from a high of $81,443 on May 10 to a low of $59,353, a decline of approximately 27%. Adam Haeems, head of asset management at Tesseract Group, stated that although the ETF is still experiencing outflows, the pace has 'significantly slowed', and the selling pressure appears to be exhausting rather than increasing. He believes that the outflows are primarily driven by three factors: leveraged funds redeeming spot ETFs and futures arbitrage positions, funds migrating out of the highest fee U.S. spot products, and capital rotating into AI stocks and upcoming tech IPOs. Koinly CEO Robin Singh noted that for the ETF outflows to stop, a rebound in spot demand and BTC returning to the $70,000 range is necessary. Haeems emphasized that the key to stopping the outflows lies in interest rate signals rather than a mere price rebound. He mentioned that the market has been holding near the 200-week moving average for the past week, and the likelihood of forming a weak bottom around this level is higher than a rapid rebound. He warned that if BTC clearly breaks below $60,000, the downside potential would be significantly greater than the upside potential from a corrective rebound.

Analyst: Bitcoin ETF Outflows Continue but Pace Has 'Significantly Slowed', Selling Pressure is Exhausting

On June 11, research firm New Street Research assigned a 'Buy' rating to SpaceX, with a target price of $165.

[New Street Research Assigns 'Buy' Rating to SpaceX with Target Price of $165]On June 11, research firm New Street Research assigned a 'Buy' rating to SpaceX, with a target price of $165.

New Street Research Assigns 'Buy' Rating to SpaceX with Target Price of $165

On June 11, Bitcoin treasury company Nakamoto announced that it reduced its outstanding debt by approximately $45 million by liquidating part of its Bitcoin holdings and Bitcoin-related derivative positions. The repayment funds came from the sale of about 600 BTC and related derivative positions, with a net gain of approximately $48 million. After the transaction, the company still holds about 4,467 BTC on its balance sheet. Additionally, the Nakamoto board has authorized a stock repurchase plan of up to $25 million, effective until December 31, 2026. The company may repurchase common stock through open market purchases, privately negotiated transactions, block trades, and other methods.

[Nakamoto Sells Approximately 600 BTC and Related Derivative Positions]On June 11, Bitcoin treasury company Nakamoto announced that it reduced its outstanding debt by approximately $45 million by liquidating part of its Bitcoin holdings and Bitcoin-related derivative positions. The repayment funds came from the sale of about 600 BTC and related derivative positions, with a net gain of approximately $48 million. After the transaction, the company still holds about 4,467 BTC on its balance sheet. Additionally, the Nakamoto board has authorized a stock repurchase plan of up to $25 million, effective until December 31, 2026. The company may repurchase common stock through open market purchases, privately negotiated transactions, block trades, and other methods.

Nakamoto Sells Approximately 600 BTC and Related Derivative Positions

SushiSwap today announced the launch of a cross-chain AMM "SushiXSwap" based on Stargate, which allows users to bridge and trade multiple tokens across chains. Supported networks include Optimism, Arbitrum, Fantom, BNB Chain, and Avalanche.
SushiSwap says SushiXSwap is a unified multi-chain user interface for trading tokens between any major chain, enabling users to use protocol liquidity pools on each chain to obtain desired assets on the target chain.

Detail

【SushiSwap launches cross-chain AMM "SushiXSwap" based on Stargate】SushiSwap today announced the launch of a cross-chain AMM "SushiXSwap" based on Stargate, which allows users to bridge and trade multiple tokens across chains. Supported networks include Optimism, Arbitrum, Fantom, BNB Chain, and Avalanche.
SushiSwap says SushiXSwap is a unified multi-chain user interface for trading tokens between any major chain, enabling users to use protocol liquidity pools on each chain to obtain desired assets on the target chain.

SushiSwap launches cross-chain AMM "SushiXSwap" based on Stargate

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Article

BTC breaks through 62000 USDT

SushiSwap launches cross-chain AMM "SushiXSwap" based on Stargate

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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