🚨 President Vladimir Putin and former President Donald Trump engaged in a 1-hour and 10-minute phone call, beginning with a discussion on Ukraine. Putin informed Trump about targeted attacks by Kyiv on civilian objects in Russia during negotiations. He claimed Ukraine attempted to disrupt talks but that Moscow did not succumb to provocations. The prospect of a meeting between Putin and Ukrainian President Volodymyr Zelensky has never been practical. Both leaders agreed to maintain contacts on Ukraine at various levels, including presidential. Kremlin hopes negotiations with Ukraine will continue. - Ushakov
🌟 The SEC has officially begun reviewing 21Shares' application for a SUI ETF. This move marks a significant step in the evolving landscape of cryptocurrency investment products. Investors and market watchers are eagerly anticipating the outcome of this review, which could pave the way for broader access to SUI-related investments.
🚨 Elon Musk has left the Trump administration amid reports of increasing disagreements on various issues, according to ABC.
⚠️🇪🇺 The EU has authorized member states to redirect €335 billion from the COVID-19 recovery fund to finance defense projects, according to Politico.
🚨 Elon Musk is urging Congress to propose a new spending bill that won't increase the deficit. He stated, "Call your senator, call your congressman, America's bankruptcy is not normal. Reject the bill." Meanwhile, Donald Trump has called for the cancellation of the U.S. debt ceiling. Reports indicate that Musk has left Trump's administration amid growing disagreements on various issues. Experts suggest that having the world's wealthiest individual as an opponent could be a risky move for Trump.
🚀 DeSci startup CUDIS, focused on healthcare, is set to launch its native token CUDIS on Solana. This initiative aims to leverage blockchain technology and cryptocurrencies to fund scientific research and knowledge sharing. DeSci projects like CUDIS often issue tokens to synergize decentralization ideas with scientific financing. For more information, visit The Block.
⚠️🇺🇸 The U.S. national debt is set to exceed $37 trillion this month, marking another record. The previous threshold of $36 trillion was reached in November 2024. Former President Trump is now calling for the complete elimination of the U.S. debt ceiling. For more information, visit here.
🚀 Amazon has announced an additional $10 billion investment to promote innovations in the field of artificial intelligence (AI).
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✨🇺🇸 Senator Bill Hagerty announced that the GENIUS Act on stablecoins will bring the U.S. payment system into the 21st century.
🗓Today’s Calendar — 2025.06.05
Trade talks between India and the USA commence today. The Caixin Services PMI for China will be released at 04:45 MSK, followed by Eurozone’s PPI at 12:00 MSK and the ECB interest rate decision at 15:15 MSK, with a press conference at 15:45 MSK. Initial Jobless Claims and trade balance data from the USA are due at 15:30 MSK, and Canada's Ivey PMI will be reported at 17:00 MSK.
Chancellor Merz of Germany is set to meet Trump in Washington.
Trade talks between India and the USA commence today. The Caixin Services PMI for China will be released at 04:45 MSK, followed by Eurozone’s PPI at 12:00 MSK and the ECB interest rate decision at 15:15 MSK, with a press conference at 15:45 MSK. Initial Jobless Claims and trade balance data from the USA are due at 15:30 MSK, and Canada's Ivey PMI will be reported at 17:00 MSK.
Chancellor Merz of Germany is set to meet Trump in Washington.
🇺🇸 Trump is growing impatient with Musk due to attacks on the government spending bill, according to the Wall Street Journal.
🌎 Harbor, a global leader in aluminum industry analysis, forecasts that due to Trump’s tariffs, aluminum prices may rise to $3,000 per ton.
⚠️🇷🇺 Russian coal miners reported a loss of 80 billion rubles in the first three months of 2025. According to Rosstat data, only 38% of companies managed to turn a profit.
📊 China's economic data for May shows a mixed performance. The Caixin Services PMI rose to 51.1, up from 50.7, indicating growth in the services sector. However, the Caixin Composite PMI fell to 49.6, down from 51.1, suggesting a contraction in overall economic activity. For further details, visit here.