Odaily Planet Daily News Circle announced on the X platform that the native USDC has been launched on the XRP Ledger, and developers, institutions and users on the XRP Ledger will receive support for the native stablecoin.

Odaily Planet Daily News Bitget will launch Tagger (TAG) in the Innovation Zone and AI Zone. The deposit channel is now open, and the withdrawal channel will be open at 19:00 (UTC+8) on June 13.

According to BlockBeats, a report released by the U.S. Bureau of Labor Statistics on Thursday indicates that the core Producer Price Index (PPI) for May fell short of expectations due to moderate increases in the costs of goods and services. Economists note that while the impact of high tariffs on American consumers remains limited, price pressures may intensify in the latter half of the year as businesses strive to protect their profit margins. The PPI data reveals that after a decline in April, profit margins for wholesalers and retailers expanded in May, particularly in the automotive and machinery wholesale sectors. This year, profit margins have fluctuated monthly, highlighting the uncertainty of trade policy impacts on prices and demand. Analysts are paying close attention to the PPI report, as some of its components are used to calculate the Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) data. In May, areas showing weak performance included airline ticket prices, portfolio management fees, and medical costs, which remained moderate. The PCE report is expected to be released later this month.

Odaily Planet Daily News: The report released by the U.S. Bureau of Labor Statistics on Thursday showed that the U.S. core PPI data in May was lower than expected due to the mild impact of the cost of goods and services. Although the impact of higher tariffs on the American people is not yet significant, economists pointed out that price pressures may intensify in the second half of the year as companies try to avoid further weakening of profit margins. PPI data showed that after declining in April, profit margins of wholesalers and retailers expanded in May, especially in the wholesale of automobiles and machinery. Profit margins have fluctuated from month to month this year, highlighting the uncertainty of the impact of trade policies on prices and demand. Analysts are particularly concerned about the PPI report because some of its components are used to calculate the inflation indicator favored by the Federal Reserve (PCE data). Areas of weakness in May: Airfares, portfolio management fees fell, and medical costs also remained moderate. The PCE report will be released later this month. (Jinshi)

Key Takeaways:Bitcoin price holds around $106,913 but risks wicks below key $100,000 support amid renewed U.S.-China trade tensions.Tariffs on Chinese goods raised to 55%, sparking fears across crypto and traditional markets.Analysts point to the 2025 yearly open and $100K as critical support, with major liquidity stacked between $111K–$120K.Bitcoin Faces Key Test Near $100K After Tariff ShockBitcoin is consolidating near $106,913, just below its all-time highs, after pulling back in response to an unexpected twist in U.S.-China trade negotiations. The so-called "trade deal" includes 55% tariffs on Chinese imports, up from the previous 30% level — a move that surprised markets despite recent positive inflation data.According to analysts, this development may now weigh more heavily on short-term price action than the latest CPI report.Tariff Increase Sparks Market Anxiety Despite Cooling InflationDespite CPI coming in below expectations — 2.4% YoY vs. 2.5% forecast — the news of escalating tariffs appears to have dampened investor enthusiasm across both traditional finance (TradFi) and crypto markets.“Even with a relatively positive economic report... markets were slightly down,” noted Keith Alan, co-founder of Material Indicators.“A 55% tariff is going to be felt throughout every aspect of the U.S. economy and it isn’t going to feel good.”$100K and 2025 Yearly Open Mark Critical Support ZonesAnalysts are now focusing on two major support levels:The $100,000 psychological level, which is key for maintaining sentiment.The 2025 yearly open, a technical line in the sand for bulls, according to Alan.Alan emphasized that avoiding price wicks below $100K is essential to confirm it as strong support.“Consolidation above $100K with no wicks below will validate the resistance-to-support (R/S) flip and create long-term structural support,” he said.Order Book Data Shows Bullish Structure Above $111KData from Material Indicators' FireCharts reveals heavy ask-side liquidity building from $111,000 to $120,000, while bid-side liquidity below current prices remains limited. This suggests market makers and whales are still preparing for a breakout — but only if key levels hold.“I don’t expect the bottom to drop out,” Alan added. “Support tests are healthy.”Outlook: $100K Must Hold to Sustain the Bull CycleBitcoin’s consolidation below its $112,000 all-time high is not unusual, but the $100K level now serves as a psychological and structural pivot. Failing to hold above it with clean candles (i.e., no wicks) could invite bearish pressure, while holding it could fuel the next leg up.Bitcoin is navigating a delicate moment as macroeconomic optimism is tempered by geopolitical tension. With the price hovering near $106,913, the $100K zone is now the key battleground. If bulls can defend it convincingly, long-term momentum remains intact. But a breakdown could change the structure of this cycle — and shift sentiment heading into Q3, according to Cointelegraph.

Odaily Planet Daily News: The Cardano Foundation announced the launch of Originate, an open source traceability infrastructure designed to verify product authenticity and support industry certification. The solution simplifies the product and industry certificate verification process through an integrated system that centrally manages inventory, data, and processes.

Key Points: The Financial Stability Board (FSB) has warned that the growing connection between the crypto industry and traditional finance may soon reach a critical stage. Speaking in Madrid on Thursday, outgoing FSB Chair Klaas Knot said the sector does not yet pose a full systemic risk, but that status could soon change. “We may source: https://coincu.com/342889-fsb-warns-crypto-nearing-tipping-point-with-finance

Ethereum (ETH) is firmly on the radar of the world’s largest asset manager, and they’re buying. A lot. Every day. source: https://finbold.com/blackrock-has-bought-this-crypto-every-day-for-2-weeks-straight-and-its-not-bitcoin/

Tether Investments' approximate 31. 9% stake in Elemental is worth around $89 million at an acquisition price of $1. 14. source: https://www.theblock.co/post/357919/tether-acquires-32-per-cent-stake-in-gold-focused-royalty-company-elemental?utm_source=rss&utm_medium=rss

Artificial Intelligence, AI makes people more valuable? PwC's latest report reveals 6 major misunderstandings about AI Golden Finance, ‍‍‍‍AI is creating job opportunities.

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)

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;

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?