10th June Macro Developments
Bitcoin surges above $110,000 as SEC signals friendlier stance
▪︎ A revival of US–China trade talks lifted global risk sentiment, spurring Bitcoin to surpass $110,000 and fueling broad crypto gains.
▪︎ The SEC’s proposed exemption framework signals a more supportive regulatory approach, potentially encouraging greater institutional adoption.
▪︎ Meanwhile, lawmakers continue to refine digital asset legislation with fresh amendments to a crypto market structure bill, suggesting a dynamic policy landscape.
▪︎ Traders remain alert to coming inflation data and labor market updates that could sway market momentum.
Markets
▪︎ Asia Indexes started off with a positive swing with U.S counterparts ended off in the green too in the past day
▪︎ Total crypto market cap rebounded strongly to $3.55T by 4.15% in the past 24 hours as major tokens experience significant positive price changes.
Elfa 1-day Mindshare ranking (as of now)
1. $HYPE
2. $KAITO
3. #VIRTUAL
4. #FARTCOIN
5. $KTA
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