🔥 Market Recap – June 9, 2025

⚡️ Bitcoin rebounds right away to $106K after plunging to $100K amid the Musk–Trump feud.

🌧 President Trump declares his relationship with Elon Musk is “over” and warns of “serious consequences” if Musk supports Democrats.

🤫 Trump says he will soon announce the next Federal Reserve Chair — a decision that could shape U.S. monetary policy ahead of the election.

💸 Michael Saylor hints at more $BTC buys. His firm, Strategy, now holds 580,955 $BTC worth ~$61.3B.

🔈 Tether CEO Paolo Ardoino says a potential IPO could value the firm at $515B — higher than Costco or Coca-Cola — but states there's no need to go public as their business model remains highly effective.

🔗 Cetus Protocol relaunches post-hack with a recovery plan:
• 85–99% liquidity restoration
• $30M loan from Sui Foundation
• 15% CETUS token allocation for affected users (starting June 8)

⭐️ Pumpdotfun will distribute protocol revenue to $PUMP holders and may adopt a buyback-driven utility model.

🗓 Macro Calendar
• June 9 – 2nd round of US–China trade negotiations takes place in London

• June 11 – 12:30 PM UTC – US May CPI data release
• CPI YoY (Forecast: 2.5%, Previous: 2.3%)
• Core CPI YoY (Forecast: 2.9%, Previous: 2.8%)

• June 12 – 12:30 PM UTC – US May PPI data release
• PPI YoY (Forecast: 2.6%, Previous: 2.4%)
• Core PPI YoY (Forecast: 3.0%, Previous: 3.1%)

• June 13 – University of Michigan to release US Consumer Sentiment Index and Inflation Expectations for June

📈 Market Snapshot
• $BTC: around $105K
• $ETH: around $2,500
• Altcoins: stay still
• BTCDOM: 64.64%
• Total Market Cap: $3.3T
• Fear & Greed Index: 55 – Neutral
• Altcoin Index: 29

🕯 ETF Flow (June 6)
• BTC: -$47.8M (Blackrock sold; Fidelity, Bitwise, Ark, VanEck Grayscale bought)
• ETH: +$23.3M (Blackrock, Grayscale bought)