Wu Says Daily Selected Cryptocurrency News + This Week's Macro Indicators

1. Trump: Has reached an agreement with Iran, the Strait of Hormuz reopens

Trump said that the agreement with the Islamic Republic of Iran has been completed, authorizing the reopening of the Strait of Hormuz, and authorizing the immediate lifting of the U.S. Navy blockade, allowing ships worldwide to resume navigation. Driven by this news, Bitcoin broke through $65,000, currently trading at $65,648, up 1.7% over the past 24 hours. Ethereum broke through $1,700, currently at $1,720, up 2.23% over the past 24 hours. Coinglass data shows that in the past 24 hours, total liquidations across the whole network amounted to $334 million, with $241 million liquidated from short positions and $93.7477 million liquidated from long positions.

2. BitMine added 76,881 ETH last week

BitMine, the Ethereum treasury company, increased its holdings by 76,881 ETH last week. As of June 14, 2026, its total Ethereum holdings amounted to 5,620,754 ETH, or about 4.66% of the total ETH supply. At present, the total value of the cryptocurrencies, cash, and other investment assets held by BitMine is approximately $10.4 billion, including $502 million in cash and marketable securities, 204 Bitcoin, $180 million in Beast Industries equity assets, and an $88 million investment in Eightco Holdings (ORBS). In addition, the number of Ethereum it has staked is 4,718,677 ETH (more than 83% of total holdings), with a value of approximately $8.1 billion; the current annualized staking yield is about $226 million.

3. Strategy buys an additional 1,587 BTC with $100 million; total holdings reach 846,842 BTC

Strategy announced that between June 8 and June 14, it bought 1,587 BTC for about $100 million, with an average purchase price of approximately $63,024. As of June 14, Strategy holds a total of 846,842 BTC, with a total cost of purchases of about $64.07 billion, and an average buy-in price of approximately $75,656. The company also increased its USD reserves by $100 million to $1.1 billion.

4. EU MiCA transition ends on July 1; about 75% of crypto firms may lose operating eligibility

The transition period for the EU’s Markets in Crypto-Assets Regulation (MiCA) will end on July 1. At that time, crypto exchanges, brokers, and wallet service providers that have not obtained MiCA licenses will no longer be able to continue providing services to EU users. Data shows that as of May 2026, only 194 crypto firms in the EU have obtained licenses, while more than 3,000 crypto firms were registered and began operating in 2024—about 75% of existing firms are expected to lose operating eligibility. Platforms without licenses will need to stop taking new deposits, guide users to withdraw assets, or transfer assets to licensed institutions. Some national regulators will also take measures such as website blocking and publishing public warning lists.

5. Cardano founder responds to controversy over where the assets went: 1,096 BTC paid audit fees in 2016/2017

Renowned crypto bankruptcy creditor Thomas Braziel posted on X that Cardano co-founder Charles Hoskinson said in an AMA that the 1,096 BTC held by the Isle of Man Foundation (about $70 million at current prices) was used in 2016/2017 to meet requirements related to Michael Parsons and the original audit process. Thomas Braziel believes that if this explanation holds, invoices, agreements, approval documents, and payment records should be disclosed, along with the specific flow of the 1,096 BTC, the recipients, and the reasons. He also questioned that if the foundation’s assets were used to resolve disputes involving Michael Parsons, why IOHK ultimately controlled about 95% of the raised BTC and obtained billions of ADA, while the foundation received only a small portion of the economic benefits. Thomas Braziel said that routine foundation audit and tax work fees typically are tens of thousands of dollars, and even considering the complexity of crypto, they are closer to $50,000 to $200,000 rather than $1 million.

6. Wu’s macro indicators and analysis this week: Federal Reserve, Bank of Japan rate decisions

Summary

Last week, the U.S.-Iran standoff quickly tightened from shelling across the strait to the negotiating table, with U.S. inflation data staying high. This week brings a “super central bank week,” focusing on the Federal Reserve and the Bank of Japan’s rate decisions. The market expects the Federal Reserve will most likely hold steady, while the probability of a rate hike by the Bank of Japan exceeds 80%.

Weekly review

The U.S.-Iran standoff rapidly shifted from shelling across the strait to the negotiating table. Although MOUs covering a ceasefire, reopening the strait, and gradually thawing assets have largely taken shape, facing U.S. “nuclear clearance” pressure and the external shock caused by Israel’s raid on Beirut, the final steps of diplomacy still come with strong variables and extreme back-and-forth.

In the U.S., initial jobless claims for the week ending June 6 were 229,000, versus expectations of 219,000 and a prior reading of 225,000—its highest level since the week ending February 7, 2026.

The U.S. May PPI month-over-month rate was 1.1%, versus expectations of 0.7%; the prior reading was revised from 1.40% to 1.1%. The U.S. May PPI year-over-year rate was 6.5%, versus expectations of 6.4%; the prior reading was revised from 6.00% to 5.7%.

The European Central Bank increased its deposit facility rate from 2.00% to 2.25%.

The U.S. May CPI annual rate (not seasonally adjusted) recorded 4.2%, the highest since April 2023.

Initial jobless claims for the week ending June 6 in the U.S. came in at 229,000, above market expectations of 219,000 and also above the prior reading of 225,000.

The initial value of the U.S. June one-year inflation expectation was 4.6%.

The initial value of the U.S. June consumer confidence index was 48.9, an improvement from 44.8 in May, but still clearly below 60.7 in the same period last year.

Key events & indicators this week

June 16

Bank of Japan announces rate decision

June 18

Federal Reserve announces rate decision (02:00)

Federal Reserve Chair Waller holds a monetary policy press conference (02:30)

Bank of England announces rate decision and meeting minutes (19:00)