Core inflation rose less than expected in May, yet markets still drifted lower during afternoon trading as risk appetite weakened.
AI investment surge adds another $40B in capital raising plans
Alongside its earnings release, Oracle (ORCL) announced plans to raise about $40 billion through debt and equity issuance in fiscal 2027 to fund AI-related capital expenditures. This comes on top of a previously disclosed $20 million at-the-market share program.
Oracle shares slipped 1.6% in after-hours trading.
The development follows Google’s $85 billion fundraising plans, reports that Meta may be weighing a similarly large capital raise, and arrives just hours before the anticipated $80 billion SpaceX IPO.
The continued rotation of capital away from crypto appears likely to persist.
Strategy CEO: bitcoin sale not driven by dividends
Speaking to CNBC, Strategy (MSTR) CEO Phong Le said the recent bitcoin sale was intended to calm market concerns, test internal execution of selling processes (since the firm is far more experienced in buying than selling), and realize tax losses—something the company expects to do more often.
He clarified that dividend payments were not a factor, noting that Strategy has other funding options available.
Le also acknowledged that capital is currently flowing toward the SpaceX IPO and AI-related trades but expects that rotation to eventually shift back into crypto markets.
Cramer calls bitcoin and gold “bad money” amid SpaceX rotation
Jim Cramer described bitcoin and gold as “bad money being sold for SpaceX,” while calling Apple and Nvidia “good money” being liquidated.
Bitcoin traded near $61,800, flat over the past 24 hours. Gold fell 4.2% to $4,109 per ounce, roughly 20% below its January peak.
Meanwhile, the Nasdaq extended its June losses ahead of the SpaceX IPO, down 1.8% on the day and about 7% lower for the month.
Bitcoin miners under pressure as AI-linked stocks weaken
Bitcoin miners—now increasingly tied to AI data center growth rather than pure mining economics—fell in line with broader tech weakness.
Despite earlier strength, Hut 8 (HUT), CleanSpark (CLSK), TeraWulf (WULF), and Cipher Mining (CIFR) dropped 5%–7% as the Nasdaq declined.
Bitcoin itself remained mostly unchanged around $61,900.
Oil surges after Trump comments on Iran
Oil prices jumped after President Trump said the U.S. would continue aggressive strikes on Iran.
WTI crude rose 3.3% to $91.11 per barrel following the remarks.
While equities weakened, bitcoin briefly rallied toward $62,400 before stabilizing, showing a short-lived divergence from broader risk-off moves.
Bitcoin slips below $62K as markets weaken
After an early bounce, U.S. equities turned lower, with the Nasdaq down around 1%.
Geopolitical tensions and anticipation around the SpaceX IPO added pressure following stronger-than-expected inflation data.
Bitcoin slipped back toward $61,900 after briefly crossing $62,000, still slightly positive on the session.
BlackRock sets fee for Bitcoin income ETF
BlackRock disclosed a 0.65% management fee for its proposed Bitcoin Premium Income ETF (BITA), signaling the product may launch soon.
The fee is higher than its spot bitcoin ETF but below competing covered-call strategies.
The fund generates yield by selling bitcoin options, though this approach can limit upside during strong rallies.
Bitcoin climbs above $62K on softer inflation
Bitcoin rose above $62,300 after cooler-than-expected inflation data boosted risk sentiment.
Equities also recovered, while gold declined more than 2%.
Crypto-related stocks including Strategy (MSTR), Robinhood (HOOD), and Coinbase (COIN) posted gains alongside AI-linked mining firms.
Fold surges after bitcoin sale used for debt reduction
Fold Holdings (FLD) rallied about 100% after announcing it sold bitcoin at roughly $71,000 per coin to raise $45 million.
Part of the proceeds went toward repaying bitcoin-backed debt, while the remainder supported cash reserves and growth initiatives.
The company continues to maintain a meaningful bitcoin position.
CPI comes in softer than expected
U.S. CPI rose 0.5% month-over-month and 4.2% year-over-year, matching forecasts.
Core CPI increased just 0.2% monthly versus expectations of 0.3%, with annual core inflation at 2.9%.
Bitcoin edged higher on the softer reading, trading near $61,500, while Nasdaq futures trimmed earlier losses.
Markets fall ahead of inflation data
Markets weakened ahead of the CPI release as investors braced for persistent inflation pressures.
Nasdaq futures fell 1.5% and S&P 500 futures slipped about 1%.
Bitcoin dropped nearly 3% to around $61,000, while Treasury yields remained elevated, reflecting expectations that rates will stay higher for longer.
Bitcoin profitability trends toward bear-market territory
On-chain data shows bitcoin profitability is slipping toward levels typically seen in late-stage bear markets.
Roughly 45% of supply remains in profit, meaning most holders are now underwater.
Historically, such conditions have often preceded market bottoms as weaker participants exit and long-term holders accumulate.
Hut 8 raises $4.25B for AI data center expansion
Hut 8 secured $4.25 billion in debt financing to build a large AI-focused data center in Texas.
The project will deliver a 352-megawatt facility leased to an investment-grade tenant.
The deal marks one of the company’s largest financing rounds as it expands deeper into AI infrastructure.
Markets slide ahead of CPI print
Markets moved lower ahead of inflation data, with both equities and crypto under pressure.
Bitcoin and Nasdaq futures each fell more than 1% as investors positioned for sticky inflation readings.
Gold declined while Treasury yields rose, reinforcing expectations of sustained higher rates.
Bitcoin mining difficulty set for steep decline
Bitcoin mining difficulty is expected to post its largest drop since February.
The adjustment follows a decline in network hash rate, driven by rising energy costs and miners shifting toward AI and high-performance computing.
Some mining firms are also selling bitcoin and reallocating capital into infrastructure businesses.
Oil volatility cools while Bitcoin volatility rises
Oil market volatility has returned to pre-conflict levels as geopolitical tensions ease.
In contrast, bitcoin volatility has increased due to ETF outflows, macro uncertainty, and shifting investor positioning.
SpaceX IPO pressure weighs on crypto liquidity
Ahead of the SpaceX IPO, leveraged crypto contracts tied to the listing have weakened.
This reflects broader risk-off sentiment and capital rotation into large equity offerings.
Bitcoin technical outlook softens further
Some ETF analysts say bitcoin’s technical structure has weakened, with price trading well below key moving averages.
While short-term rebounds remain possible, sentiment remains cautious unless BTC reclaims higher levels.
AI narrative continues to dominate markets
Recent AI model releases have reinforced the strength of the artificial intelligence investment theme.
Crypto markets are increasingly responding to macro liquidity conditions, with major tokens tracking broader capital flows more than sector-specific catalysts.
