⚠️🇪🇺 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.

✴️ The SEC has postponed its review of the Canary application for a SUI ETF.

🚀 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).

✨🇺🇸 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.

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🌎 The exchange rates are as follows: USDCNY stands at 7.183, while USDTRUB is recorded at 79.8.

🇺🇸 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.

💥🇯🇵 Nintendo has officially launched sales of the Switch 2, amidst expectations of shortages due to pent-up demand. For more details, visit the full article here.

🇺🇸 Trump has ordered an investigation into President Biden's use of an autopen, claiming a potential cover-up regarding Biden's mental state. On Wednesday, Trump instructed his White House advisor to examine whether Biden's aides concealed concerns about his cognitive decline and whether they unlawfully used the autopen to sign political documents on his behalf. Biden, however, asserted that all political decisions were made by him personally.

🇺🇸🇺🇦 According to the Wall Street Journal, the United States has redirected promised missile components intended for Kyiv for its own needs.

🇷🇺 The Central Bank of Russia has requested data from brokers regarding the unfrozen assets of Russian citizens. Sanction lawyers view the Central Bank's actions as preparations for a potential new unblocking of assets. — RBC

🚀 Sber is exploring the option of launching its internal IT products into the market. For more details, visit here.

✨ The first exchange trading of futures linked to cryptocurrency took place at the Moscow Exchange with notable activity. For more information, visit — Ъ.

🚀 El Salvador's President Nayib Bukele met with White House Director of Digital Assets Bo Hines to discuss collaboration on BTC and digital assets.