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Odaily Planet Daily News The U.S. Department of Labor announced on Thursday that the number of initial unemployment claims rose slightly to 248,000 in the week ending June 7. This is the highest level since October last year. These data may be affected by the end of the school year and school holidays. In 2024, the number of people applying for unemployment benefits reached a high level in early June. (Jinshi)

Odaily Planet Daily News: The U.S. core PPI data for May fell short of expectations, and traders once again fully digested the scenario of the Federal Reserve cutting interest rates twice this year. (Jinshi)

According to Odaily, the number of initial jobless claims in the United States for the week ending June 7 reached 248,000. This figure slightly surpassed the anticipated 240,000 claims. The previous week's data was revised from 247,000 to 248,000.

Odaily Planet Daily News: The number of initial jobless claims in the United States for the week ending June 7 was 248,000, the highest since the week ending October 5, 2024. The U.S. dollar index DXY fell 1.00% during the day and is now at 97.65. (Jinshi Data APP)

Odaily Planet Daily News: The number of initial jobless claims in the United States for the week ending June 7 was 248,000, which was expected to be 240,000. The previous value was revised from 247,000 to 248,000. (Jinshi)

Odaily Planet Daily News: The monthly rate of PPI in the United States in May was 0.1%, which was expected to be 0.20%. The previous value was revised from -0.50% to -0.2%. (Jinshi)

Odaily Planet Daily News According to on-chain analyst Yu Jin's monitoring, it took two years for the hacker to exchange all the $23 million in assets stolen from Bitrue into ETH and laundered through Tornado. The value is not only $9.36 million higher than the initial theft, but the hacker also made a profit of $4.72 million by selling high and buying low on ETH. In April 2023, the hacker stole various tokens worth $23 million from the Bitrue exchange, and then exchanged these assets for ETH; In March 2024, he sold 4,207 ETH at $3,885 for 16.345 million DAI; In April 2025, he laundered 1,050 ETH through Tornado; Today (2025/6/12), he transferred 5,111.5 ETH and 16.345 million DAI to a new address, and then bought 16.345 million DAI for 5,917.8 ETH at $2,762. Then he laundered all 11,029.3 ETH (30.46 million USD) through Tornado. In other words, the $23 million in assets stolen by hackers from Bitrue were eventually exchanged for 12,079 ETH and transferred through Tornado. At this time, the value became $32.36 million, an increase of $9.36 million from the initial value.

Key Takeaways:Bitcoin is down ~2.1% in the past 24 hours, trading around $106,958 on Binance following resistance at $108K.Fed rate cut expectations for June 18 are off the table, undermining bullish sentiment.If Bitcoin loses the $106K support level, it could slide toward $100K.Bitcoin Drops Below Key Resistance on Rate Cut DoubtsBitcoin (BTC) has fallen approximately 2.1% over the last 24 hours, now trading at around $106,958 on Binance. The decline follows a failed breakout above $108,000, compounded by Federal Reserve signaling that it will not cut rates at its June 18 meeting.Fed Hold Odds Spike After May CPIThe June 11 CPI report revealed inflation at 2.4% YoY (core at 2.8%), cooling but still above expectations. As a result, markets now see a 99.8% chance of the Fed keeping rates steady next week . With only two potential cuts penciled in for the rest of 2025—likely starting in September—crypto momentum has taken a hit.Investors Eye PPI ReleaseAll eyes are now on the Producer Price Index (PPI) for June 12. Forecasts suggest a +0.2% MoM rise (core +0.3%). Any surprise could amplify price action, with historically strong reactions during this release.Resistance Zone Remains Intact, RSI WeakensBitcoin continues to face stiff resistance between $108,800–112,000, unable to reclaim upside momentum. Technically, it's attempting a bull flag pattern, but the RSI has dropped to ~56, signaling weakening bullish energy.Key Technical Levels:Support: $106,000 – A daily close below here threatens trend damage.Resistance: $108,800–112,000 – Critical for regaining upward momentum.Market Outlook: Analysts Weigh InMichael van de Poppe, founder of MN Capital, emphasized caution on X:“Bitcoin couldn’t break through the $110,000 area… As long as Bitcoin stays above $106,000, then there's nothing to worry about.”If support holds, BTC could rebound toward its all-time highs near $112K. But a breakdown might trigger a pullback into the bull flag channel, or even deeper toward the $100K mark. Updated price data shows Bitcoin trading at ~$106,958 on Binance, down ~2.1% after hitting resistance and the Fed delaying rate cuts. The upcoming PPI release could be pivotal, but the immediate technical outlook hinges on whether $106K holds as support.

Recommended readings tonight: 1. a16z: 11 major use cases to gain insights into the cross-integration of AI and encryption; 2. Uncovering the shocking encryption case committed by North Korean hackers; 3. Ant Group's two sectors rush to the stable currency, and Hong Kong stocks concept stocks soar;

Odaily Planet Daily News According to official news, Base announced the revenue ranking of DeFi protocols on its ecological chain. The revenue of SSI, an index fund token protocol launched by SoSoValue, an AI-driven investment research and asset management platform, continued to rise and is currently ranked second. Affected by this news, the SoSoValue platform token $SOSO rose against the trend, once breaking through 0.50 USDT, with the highest intraday increase of 15.9%, and now reported 0.489 USDT.

Michael Saylor moved MicroStrategy, now called Strategy, into Bitcoin in 2020 after the U. S. government shut down the economy and flooded it with cash. In an interview with psychologist Dr. Jordan B. Peterson on Wednesday, he explained that the COVID lockdowns, combined with zero interest rates, made holding cash a financial risk. “We had $500 […] source: https://www.cryptopolitan.com/saylor-bitcoin-endangered-500m-in-reserves/

Stablecoins are on the rise again. As stablecoins gain an increasingly solid foothold in the cryptocurrency market, mainstream regulators have introduced new rules in an attempt to find a balance between protecting financial stability and encouraging innovation.

Affected by this, Hong Kong stocks of Ant concept stocks collectively rose in the afternoon, among which Yunfeng Financial rose by more than 98% at one point, Yaocai Securities Finance rose by more than 14%, and Ali Health and Ali Pictures rose by more than 4%.

Shadow investing = supporting a competitor after missing out on an industry leader, usually to maintain exposure rather than based on a belief in differentiation.

In the global chess game of the encryption industry, the three cities are competing for industry discourse power and talent resources in different ways.

Binance has reopened its crypto services to users in Syria after the US lifted sanctions in May 2025. Syrians can now trade, send money, and access crypto tools using their local currency.

Two US senators have questioned Meta over possible stablecoin plans, asking for clear answers on its intentions. They raised concerns about privacy, competition, and Meta’s past failed attempt with Libra.

Retailers are increasingly in the crosshairs of cybercriminals—and not just during peak shopping seasons. With outdated access controls and vulnerable networks, many in the sector are finding themselves exposed to a rising wave of sophisticated attacks.

What are some of the most shocking crimes that North Korean hackers have committed? How much cryptocurrency have they stolen? Why is North Korea so good at hacking? Where does all the money go?