Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee for an interesting read on the implications of Bitcoin treasury companies on the US dollar (USD). Analysts have shared an intriguing macro critique amid fears of a global bond market implosion.
Crypto News of the Day: MSTR, El Salvador, and Collapse of the Fiat Financial Order
Bitcoin permabull and El Salvador’s BTC advocate Max Keiser shared a sweeping macro critique, calling Bitcoin treasury strategies speculative attacks on the US dollar. According to the Bitcoin maxi, a global bond market implosion may be in the pipeline.
Keiser argues that beyond being bullish, MicroStrategy’s aggressive BTC accumulation, led by Michael Saylor, is existentially disruptive to the fiat system.
“Using Saylor’s numbers, that inflation is running at 15%—when you include asset inflation—interest rates should be much higher. But highly manipulative programs—overriding free market price discovery in the bond market—like QE & YCC—pressure rates to absurdly low levels (to keep banks from declaring life threatening losses),” Keiser wrote on X.
In Keiser’s view, this artificial suppression of bond yields allows Bitcoin-heavy treasuries to outperform “everything.” He says this weaponizes cheap capital to front-run the collapse of traditional finance (TradFi).
“Acquiring one-way-up Bitcoin with this ridiculously cheap money is a mathematically guaranteed way to outperform everything,” he said.
The Bitcoin pioneer believes the outcome is inevitable: A rush into Bitcoin will crash the global bond market, and Rates will also skyrocket by more than 50% at some point.
“At that point the game is over and we’ll see who won. $MSTR no doubt will win this, defining adjustment to a global Bitcoin standard,” Keiser articulated.
Keiser even forecast the demise of the US dollar as a functioning currency. He believes it will become extinct as a viable currency.
However, USD stablecoins will continue referencing the US dollar as a vestige benchmark with no underlying country or central bank.
Keiser also pointed to El Salvador and President Nayib Bukele as uniquely positioned to thrive through what he calls the “Fourth Turning.” The term refers to a cyclical theory of societal upheaval and transformation.
US-China Trade Deal is Done, Pending Final Approval
President Donald Trump revealed a breakthrough in US-China trade relations after their second meeting on Tuesday.
“Our deal with China is done, subject to final approval,” Trump wrote on Truth Social.
He said the deal includes a full Chinese supply of rare earth minerals and magnets, which are key materials for semiconductors and defense technologies. China would receive a 10% tariff rate, while the US would maintain a 55% tariff on Chinese goods.
In a follow-up post, Trump added that he and Chinese President Xi Jinping would work closely together to open up China to American Trade,” calling it “a great WIN for both countries.”
The announcement coincided with the latest US CPI (Consumer Price Index) report, which showed inflation cooling slightly to 2.4% in May, undercutting market expectations of 2.5%.
The softer inflation print, alongside easing geopolitical tensions, helped propel Bitcoin to nearly $110,000. Notably, this marked the first inflation uptick since February and triggered renewed investor optimism around risk assets.
Analysts suggest that the Trump-Xi deal, if finalized, could relieve global supply chain pressures and contribute to long-term stability, two factors traditionally bullish for crypto.
Chart of the Day
This chart shows that the Bitcoin price is consolidating within the supply zone between $109,242 and $111,634 as indicated in the previous US Crypto News publication.
Traders looking to take long positions on the pioneer crypto should watch for a decisive candlestick close above $110,634 on the one-day timeframe.
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
- Bitcoin price surges nears $110,000 on the first CPI increase since February. According to the BLS, the US CPI data shows a 2.4% annual inflation increase in May.
- Sygnum warns that Bitcoin acquisition vehicles risk market instability by relying on leverage, which could trigger liquidations and insolvencies.
- Nasdaq filed a 19b-4 form to list the 21Shares SUI ETF, launching formal SEC review despite recent Sui network challenges.
- Bitcoin ETFs saw $431 million in inflows, marking the largest since May 28, sparking bullish institutional sentiment.
- Solana’s price surged 4% amidst rumors of SEC discussions on a Solana ETF, fueling interest in the asset.
- XRP’s strong correlation with Bitcoin (0.91) means it could benefit from Bitcoin’s upward momentum, especially as Bitcoin approaches $110,000.
- Connecticut bans all state-level Bitcoin investments with HB7082, diverging sharply from more crypto-friendly state policies.
- The CLARITY Act (H.R. 3633) advances with strong bipartisan backing from the House Financial Services and Agriculture Committees.
- The XRPL EVM sidechain will launch on the mainnet in Q2 2025, enhancing XRPL with Ethereum’s smart contract and dApp capabilities.
- Chainlink (LINK) surpasses Ethereum in GitHub development activity, strengthening its role in real-world asset (RWA) tokenization.
- Ukraine’s parliament submits a bill to add Bitcoin and cryptocurrencies to national reserves. The proposal positions Ukraine as a leader in sovereign crypto adoption.
Crypto Equities Pre-Market Overview
| Company | At the Close of June 10 | Pre-Market Overview |
| Strategy (MSTR) | $391.18 | $389.33 (-0.47%) |
| Coinbase Global (COIN) | $254.94 | $255.48 (+0.21%) |
| Galaxy Digital Holdings (GLXY.TO) | $20.00 | $20.15 (+0.75%) |
| MARA Holdings (MARA) | $16.49 | $16.42 (-0.42% |
| Riot Platforms (RIOT) | $10.45 | $10.43 (-0.48%) |
| Core Scientific (CORZ) | $12.77 | $12.64 (-1.02%) |
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