🚗 Renault plans to manufacture drones in Ukraine, according to France Info. Meanwhile, Rheinmetall previously reported that it will complete a shell production plant in Ukraine by 2026.
🎉 Key events this week include significant trade talks between the US and China in London on June 9, alongside economic reports from Japan, China, and the US. On June 10, the Eurozone's Sentix Investor Confidence will be released, followed by US oil market forecasts. June 11 features US CPI data and federal budget statistics. Notable announcements continue on June 12 with the UK's GDP and US jobless claims. On June 14, Trump will host a military parade, potentially meeting Musk. The G7 summit begins on June 15. Major token unlocks are expected this week - learn more.
🚨🇺🇸 California Governor Gavin Newsom, a vocal critic of Donald Trump, accused the former president of deploying the National Guard to Los Angeles to incite a crisis. Newsom claimed Trump seeks chaos to justify increased repression and control. Previously, he labeled Trump as unhinged for sending the Guard to quell unrest amid protests against illegal immigration deportations. Additionally, CNN reported that the White House plans to significantly reduce federal funding for California, the largest market in the U.S. for Tesla.
💵 Trading axioms for market speculators include key principles on risk, greed, hope, forecasts, models, mobility, intuition, religion and occultism, optimism and pessimism, consensus, perseverance, and planning. Understanding these concepts is crucial for navigating the complexities of trading effectively.
✴️ In May 2025, the top networks by gross profit were revealed in new data from Cryptorank.
🇺🇸 Trump is exerting unprecedented pressure on the Federal Reserve, repeatedly urging it to lower interest rates, according to BBG.
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🚀 Tom Lee of Fundstrat predicts that Bitcoin (BTC) could reach between $150,000 and $250,000 by the end of this year. He believes that the BTC market cap should at least match that of gold, translating to a price of $1,200,000 per BTC. Lee argues that BTC is more valuable than gold, setting a macro target of $3,000,000 per BTC due to its limited supply and rapidly growing demand.
🌟 CEO of Tether, Paolo Ardoino, stated that if Tether were to go public now, the company's valuation would reach $515 billion, making it the 19th largest company globally, surpassing Costco and Coca-Cola. While this figure is impressive, he noted that it might be somewhat conservative.