Weekend Recap
Weekly Analysis: Unlike the previous weekends, this one was actually calm. No major dumps, no crazy weekend pumps – just steady consolidation. The big news came from the institutional side though.
Nasdaq filed an 8-K with the SEC to expand their crypto index from 5 to 9 tokens. They’re adding XRP, SOL, ADA, and XLM to the mix. This lets the Hashdex Nasdaq Crypto Index US ETF (NCIQ) move to a broader index. The SEC has until November 2, 2025 to make their decision – but this is bullish regardless.
Deutsche Bank, sitting on $1.5 trillion in assets, is now considering launching their own stablecoin. When traditional banking giants start thinking crypto, you know the tide is turning.
Michael Saylor dropped another hint about a Bitcoin purchase with his classic “Send more Orange” tweet. The guy’s like clockwork – and with institutional demand still outpacing new Bitcoin supply, these purchases keep getting more impactful.
Source | X @saylor
Also worth noting: TRON’s network activity is exploding. Daily transactions hit over 8 million, up 2 million since February. That’s some serious on-chain momentum.
Source | Cryptoquant
This Week’s Events
This is the week we’ve all been waiting for. The market is desperate for a Fed rate cut, and this week’s data will basically determine if Powell has any room to move in the June meeting.
Monday:
US-China Trade Talks & Atlanta Fed GDPNow US and Chinese officials are meeting in London to resume trade talks. Any positive news here could boost risk appetite across the board. The Atlanta Fed also updates their GDPNow estimate – this real-time GDP tracker gives us a clearer picture of economic momentum.
Wednesday:
May CPI (The Big One) This is it – the inflation print everyone’s watching. If CPI comes in softer than expected, it’s rocket fuel for risk assets including crypto. The market’s pricing in some cooling, but if we get a surprise to the downside, expect fireworks. Remember, this is the last inflation data before the Fed’s June meeting, so it carries extra weight.
There’s also a 10-year Treasury auction on Wednesday. If the CPI data is soft and the auction goes well (strong demand, low yields), it’s a double win for risk assets.
Thursday:
May PPI Producer Price Index shows inflation from the business side. If companies are paying less for inputs, it eventually flows through to consumer prices. A soft PPI print reinforces the CPI narrative and builds the case for Fed dovishness.
Friday:
University of Michigan Data Two key pieces: inflation expectations and consumer sentiment. If people think inflation is cooling AND they feel good about the economy, it’s the perfect setup for the Fed to cut rates without looking like they’re panicking about a recession.
The bottom line:
If this week’s data comes in soft across the board, we could see the Fed pivot from “higher for longer” to “time to ease.” That’s exactly what crypto and broader risk assets need to break out of this consolidation.
Token Unlocks
Some decent-sized unlocks this week, but nothing that should move the needle too much:
Cornucopias (COPI)
Date: June 10, 2025
Unlock Value: 191.25K USDT
% of Circulating Supply: 1.49%
Number of Tokens: 15.36M COPI
Delysium (AGI)
Date: June 11, 2025
Unlock Value: 1.83M USDT
% of Circulating Supply: 2.01%
Number of Tokens: 34.66M AGI
Moonbeam (GLMR)
Date: June 11, 2025
Unlock Value: 226.82K USDT
% of Circulating Supply: 0.31%
Number of Tokens: 3.04M GLMR
Bouncebit (BB)
Date: June 12, 2025
Unlock Value: 2.85M USDT
% of Circulating Supply: 6.67%
Number of Tokens: 27.30M BB
Aptos (APT)
Date: June 12, 2025
Unlock Value: 30.85M USDT
% of Circulating Supply: 1.07%
Number of Tokens: 6.77M APT
Vertex Protocol (VRTX)
Date: June 13, 2025
Unlock Value: 317.93K USDT
% of Circulating Supply: 1.51%
Number of Tokens: 8.00M VRTX
Mintlayer (ML)
Date: June 14, 2025
Unlock Value: 48.37K USDT
% of Circulating Supply: 0.89%
Number of Tokens: 1.73M ML
Starknet (STRK)
Date: June 15, 2025
Unlock Value: 16.04M USDT
% of Circulating Supply: 3.79%
Number of Tokens: 127.00M STRK
Most of these are manageable sizes. The APT and STRK unlocks are worth watching, but neither should create major selling pressure if the broader market sentiment stays positive.
Crypto-Specific Catalysts
Few things to keep on your radar:
- Sonic (S): S2 airdrop announcement expected this week
- Virtual Protocol (VIRTUAL): Launching Agent Commerce Protocol for AI agents to complete on-chain tasks
- Bitcoin (BTC): SEC DeFi roundtable on June 9 – could give us clues on regulatory direction
- Huma Finance (HUMA): Huma 2.0 deposits open June 11
- Previously MakerDAO (SKY): Rolling out native interoperability for cross-chain functionality
The week ahead is all about the Fed narrative. Soft inflation data = bullish for risk assets. Keep your eyes on Wednesday’s CPI – that’s the number that could unlock the next leg up.
This is not financial advice from Millionero. Please do your own research. You can also DYOR on blog.millionero.com. When you’re ready, you can come trade spot and perps on Millionero.