ME News reported that on June 11 (UTC+8), Hyperliquid's five largest TradFi-linked contracts by 24-hour notional volume all closed in negative territory. The mix was evenly split between index products and commodities. Funding rates were mixed overall, while energy contracts stood out with elevated negative funding. Crude oil's 8-hour funding rate annualized to about 22.7%, pointing to short-term crowding on the short side. The top five contracts were: XYZ100, SP500, CL, BRENTOIL, SILVER. (Source: D Pro)

US wholesale prices rose 1.1% in May from April, above the 0.7% forecast and the largest monthly gain since 2022. Over the past 12 months, the Producer Price Index increased 6.5%, the biggest annual rise since late 2022. TruStage chief economist Steve Rick said inflation is proving harder to fully eliminate.

Nakamoto said it sold about 600 BTC and Bitcoin related derivatives for $48M in net proceeds to repay $45M of debt, and refinanced its 165M USDT loan to extend 105M USDT of principal to June 2027. It expects about $4M in annual financing cost reductions, authorized a buyback of up to $25M, and reported holdings of about 4,467 BTC while regaining Nasdaq compliance.

BlockBeats reported that U.S. producer price inflation accelerated sharply in May, as the war in Iran fueled fresh inflation pressures. The U.S. Bureau of Labor Statistics said Thursday that the Producer Price Index (PPI) rose 6.5% year over year in May, the biggest increase since November 2022, and climbed 1.1% from the prior month. Core PPI, which excludes food and energy, increased 4.9% year over year. The data highlight the growing fallout from the energy shock tied to the closure of the Strait of Hormuz. With the conflict unlikely to end soon, companies are passing through higher energy and transportation costs, pushing up prices across a wider range of goods and services. Following earlier figures showing May consumer prices rising at the fastest pace in three years, the latest PPI print is expected to strengthen market bets that the Federal Reserve will raise interest rates in 2026. With the labor market showing renewed momentum, the Fed is increasingly prioritizing inflation control. (Jin10)

June 11 — CNBC reported that Wall Street broadly expects U.S. equity markets to comfortably digest the incremental supply from a SpaceX IPO, even as investors brace for heightened volatility if a wave of large AI-linked listings and capital raises follows. Gavekal Research estimates that, in the 12 months through September 2025, S\u0026P 500 companies issued about $1.7 trillion of equity in total, or roughly $140 billion per month. Against that backdrop, SpaceX\u0027s targeted $75 billion raise amounts to a little more than two weeks\u0027 worth of shareholder dividend payments, and should be \u0022surprisingly easy to absorb\u0022 in the context of the overall U.S. equity market. Gavekal said any liquidity drain is likely to have only a short-term effect on U.S. stock performance. Beyond SpaceX, Anthropic, OpenAI and Alphabet are also looking to tap public markets. Combined with SpaceX, the four companies are expected to seek about $380 billion, equivalent to roughly two months of typical issuance volume. Even so, IPOs tend to come with elevated volatility. Truist Wealth reviewed 30 major IPOs over the past 15 years and found that newly listed shares often fall and experience significant drawdowns within a year. The median decline after one year was 9%, while the average maximum drawdown during the first year reached 54%. Market participants also see potential for sector rotation. A large SpaceX deal could prompt investors to sell existing tech winners to fund new allocations. This week has already shown early signs of that shift, with flows moving away from highflying chip stocks and toward defensive areas such as consumer staples. Nasdaq rule changes could add another volatility catalyst. When SpaceX joins the Nasdaq-100 Index, its weight will not be determined solely by the $75 billion of tradable float. Instead, a 3x multiplier will be applied, effectively calculating the index weight off a $225 billion market cap. That structure could amplify post-IPO price swings via passive-fund inflows and outflows. Retail demand is also expected to be unusually large. Jay Woods, Chief Market Strategist at Freedom Capital Markets, warned that the enthusiasm could leave many individual investors disappointed, stressing that SpaceX \u0022is not a lottery ticket\u0022 but a long-term investment that may take time to justify its valuation.

China's June 11 news broadcast reported that enterprise data product and service transaction volume rose 39.8% year on year in 2025, alongside updates on the 10th China South Asia Expo opening and Shanghai starting construction of an AI cultural and creative industry base. The broadcast also covered moves on humanoid robotics training and quality certification recognition spanning over 95% of global output.

President Trump said the United States will take control of Iran's Kharg Island and "assume total control" of the country's oil and gas markets. Kharg Island is a critical export hub, handling about 90% of Iran's oil exports.

The European Central Bank raised interest rates by 25 basis points, delivering its first hike since September 2023. The ECB took its main refinancing rate to 2.40% and its deposit facility rate to 2.25%, pointing to renewed inflation pressure after an Iran conflict-driven energy shock lifted eurozone inflation to 3.2%. The move comes despite signs of a softer economy, with eurozone GDP shrinking 0.2% in the first quarter. Policymakers said the increase is intended to stop higher energy costs from feeding into broader, more persistent inflation.

BlackRock continued to record outflows in Bitcoin and Ethereum holdings after depositing 2,402 BTC valued at $151.4 million and 12,679 ETH valued at $21.06 million to Coinbase Prime, according to the reported transaction details.