🔥 Asian Stock Markets Plunge Sharply

Monday morning, the start of a new week, after a record-breaking rally

⚪️ South Korea’s Kospi index dropped nearly 9% at the open and triggered a 20-minute trading halt.
⚪️ Japan’s Nikkei also fell around 4.5% as investors sold off major tech stocks.

🔻 CSI 300 and TAIEX were not spared either

Leading the decline this time are the region’s top technology companies and AI component suppliers such as SK, Samsung, Hyundai,…

U.S. stock markets today is also expected to be quite weak! 😭

@BackcomGlobal #Kospi #StockAsian

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🇺🇸 Major crypto players send joint letter urging US Senate to fast-track CLARITY Act

More than 200 leading crypto companies and organizations have just sent a letter to US Senate leaders (John Thune & Chuck Schumer), calling for the Digital Asset Market Clarity Act to be brought to a full Senate vote immediately after it passed the Banking Committee with bipartisan support.

Notable Participants:

🖤a16z🖤Coinbase🖤Kraken🖤Uniswap🖤Aave🖤Solana Policy Institute🖤Ledger🖤Galaxy🖤Block🖤BitGo🖤1inch🖤Aptos🖤Zcash🖤Hyperliquid

...And more than 180 other organizations

🖤 This move demonstrates that the US crypto industry is highly united in pushing for clear legislation, reducing the risk of “regulation by enforcement,” and keeping innovation activities in the US instead of being pushed offshore.

🖤 The CLARITY Act had previously passed the House and is now at a decisive stage in the Senate.

@BackcomGlobal #CLARITYAct #CryptoNews

🇺🇸 U.S. CPI Report Will Be Released Tonight!

⏰ Time: 12:30 PM UTC, the United States will publish its latest Consumer Price Index (CPI) inflation data.

📉 Last month, CPI unexpectedly rose to 3.8%, above the 3.7% forecast, triggering a sharp market reversal and a wave of selling pressure that has persisted until now.

📊 Market expectations for this month:
🖤 Headline CPI: expected to rise from 3.8% to 4.2%
🖤 Core CPI: expected to increase from 2.8% to 2.9%

📌 Scenario 1: CPI comes in at 4.2% or higher

If inflation continues to run hotter than expected, it would mark the highest reading since April 2023. Combined with last week's strong Non-Farm Payrolls report, investors may become increasingly concerned that the Fed will keep interest rates higher for longer, or even consider further rate hikes.

📌 Scenario 2: CPI comes in below 4.2%

A softer-than-expected inflation reading would ease pressure on the Fed, strengthen expectations for a less restrictive monetary policy stance, and provide support for risk assets such as stocks and cryptocurrencies.

🎯 This will be the final inflation report before next week's FOMC meeting — the first meeting chaired by new Federal Reserve Chairman Kevin Warsh.

👉 Markets are currently pricing in a 98.2% probability that the Fed will keep interest rates unchanged at the upcoming meeting. However, many investors still expect the Fed could raise rates later this year, a view that stands in sharp contrast to President Trump's repeated calls for lower interest rates.

CPI Results 🇺🇸

🖤 CPI (MoM) (May): 4.2% |4.2% | 3.8%
🖤 Core CPI (MoM) (May): 2.9%| 2.9% | 2.8%

@BackcomGlobal

🐳 Whales Quietly Bought the $60.000 BTC Dip?

While retail panicked during the drop to $60k, on-chain data shows smart money executed an aggressive buy-the-dip campaign.

🖤 The Trigger: On June 2–3, older dormant wallets moved massive supply to exchanges (Inflow CDD peaked at 2.16M), forcing the price down from $71k.

⚪️ The Absorption

🖤 At the $60k–$61k bottom, the Exchange Whale Ratio surged to 61.6%

🖤 Proving that whales completely dominated buy-side activity and absorbed the panic.

🔴 The Supply Drain
🖤 Over the last 5 days, whales withdrew 11,422 BTC (~$700M) off exchanges into cold storage (deep negative Netflow)
🖤 Triggering a severe liquid supply drain.

The Verdict
The wealth transfer from weak to strong hands is complete. With over 11k BTC swept off the market, the $60,000–$61,000 range has established an iron-clad floor for the next leg up.

@BackcomGlobal #Onchain #CryptoQuant

💥 Trump: “We Will Continue Striking Iran”

👉 President Trump stated that the United States will continue increasing pressure on Iran today, arguing that the two sides were once very close to reaching an agreement, but Tehran repeatedly created obstacles during the negotiations.

⚡️ Trump emphasized that Iran had been given ample time to secure a deal favorable to its interests, but ultimately failed to take advantage of the opportunity.

📊 Following the strong remarks from the White House, oil prices surged:
📈 Brent crude rose 2.7%
📈 WTI crude rose 3.5%

💰 Binance Adds Support for SpaceX (SPCX) Stock Trading.

💥 Binance has announced support for placing whole-share limit orders for SpaceX (SPCX) stock on Binance Stocks.

⏰ Effective from 09:05 UTC on June 12, 2026.

🖤 The move is aimed at expanding trading options and enhancing the user experience on Binance Stocks. Once live, investors will be able to place buy and sell limit orders for SPCX using whole shares.
🖤 The addition of SPCX marks another step in Binance’s expansion of its tokenized stock offerings, giving users access to investment opportunities in one of the world’s most prominent private companies directly through the platform.

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Macro Calendar Results 🇺🇸

🖤 PPI (MoM) (May): 1.1% |0.7% | 1.1%
🖤 PPI CPI (MoM) (May): 0.4%| 0.5% | 0.7%
🖤 Jobless Initial: 229K | 220K | 225K

@BackcomGlobal

❗️ Pentagon Emergency Evacuation All Because Of…

Today, multiple floors of the Pentagon were locked down after the system detected an air quality issue. Hazmat teams were deployed.

Result: It was a false alarm. No casualties reported.

Thought it was Iran sneaking all the way in here 😂

Source: CNN

@BackcomGlobal