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Community Morning Brief — Top Headlines 🔹 June 3, 2025
1. Core PCE Index Shows Slowdown: April Core PCE Price Index rose 2.6% YoY, signaling slower inflation and boosting investor optimism ahead of the Fed’s next rate decision.
2. SCOTUS to Hear Tariff Case: The Supreme Court will take up the Trump tariff appeal after the administration formally submitted its petition Friday. A decision could reshape presidential trade powers.
3. TRUMP Dinner Guest List Leaked: An anonymous source revealed partial attendance records for the controversial TRUMP dinner event, sparking fresh debates over conflicts of interest.
4. Tether Begins Mining Operations in Paraguay: Tether confirms the launch of its first industrial Bitcoin mining facility in South America, claiming 18% of global hash rate by Q4 is achievable.
5. SOL Strategies Hits $1B AUM: With another 38,000 SOL added this week, SOL Strategies reports assets under management topping $1 billion for the first time.
6. Nvidia Hits $3.7T Valuation: Riding AI chip demand, Nvidia shares rose another 4.2% in premarket trading, pushing its market cap near $3.7 trillion. Analysts eye $4T by July.
7. Wynn Doubles Down on Bitcoin: Investor James Wynn reiterates his 99% Bitcoin strategy, citing concerns over fiat debasement and institutional BTC accumulation as validation.
8. Tokenized Real Estate Grows: Bergen County completes its second wave of Avalanche-based real estate tokenization, with over 11,000 deeds now digitized. Miami-Dade announces pilot program next.
9. Reddio (RDO) Surges 60%: RDO sees a major rally as on-chain game developers adopt its SDK, pushing market cap past $24 million. TGE holders now sitting on $140 average profit.