👋 Welcome Back to Macro Point Daily, The smartest crypto take of the day — macro trends, market moves, daily charts, and a side of memes.

Every day we provide the 5 stories which matter most in crypto, and one just for the degens.

In Today’s Edition

• 🧠 BlackRock shifts $561M from BTC to ETH

• 🏦 Fed signals rate pause amid job market uncertainty

• 📊 Stablecoins hit $250B as DeFi locks $113B

• 🔮 XRP could pop between June 4–6

• 🛠️ XION launches mobile blockchain dev kit

• 🐸 PEPE rallies 8.6% in memecoin revival

Let’s dive in.👇

Today’s Edition

📌 BlackRock rotates $561M from Bitcoin to Ethereum

Institutional shift signals growing confidence in ETH

BlackRock has reallocated $561 million from its Bitcoin holdings into Ethereum, reflecting a notable pivot in institutional sentiment. This move coincides with Ethereum ETFs attracting $80 million in inflows, while Bitcoin ETFs experienced $301 million in outflows. The transition underscores Ethereum's strengthening position in the crypto market, bolstered by its expanding ecosystem and recent technological advancements.

• 🧠 BlackRock's strategic shift highlights Ethereum's rising appeal

• 📊 Ethereum ETFs gain traction with $80M in new inflows

• 🔄 Bitcoin ETFs see significant outflows, indicating a potential trend reversal

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📉 Fed signals patience amid economic uncertainty

Interest rates likely to hold steady as market watches for clari

Federal Reserve officials, including Governor Lisa Cook, have emphasized a cautious approach to interest rate adjustments, citing ongoing economic uncertainty. The labor market presents a mixed picture: job openings are rising, yet layoffs are also increasing. With inflation cooling but still above target, the Fed is expected to hold rates steady at the upcoming FOMC meeting. The pause provides crypto markets breathing room but keeps volatility on the table.

• 🏦 Fed maintains rates amid mixed economic signals

• 📉 Labor market shows both growth and strain

• 🔍 Investors remain watchful for Fed’s next moves

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📊 Stablecoin Market Cap Surpasses $250B Amid Regulatory Momentum

DeFi Total Value Locked Hits Record $113B

The stablecoin market has reached a historic milestone, exceeding a $250 billion market capitalization for the first time. Tether (USDT) leads with over $153 billion, followed by USD Coin (USDC) at $61 billion. This growth coincides with major regulatory shifts: the U.S. Senate is advancing the GENIUS Act to set a federal framework, while Hong Kong has implemented strict stablecoin licensing laws. Meanwhile, DeFi continues to expand with $113 billion in TVL — its highest ever — driven by Layer-2 adoption and higher yields.

• 💵 Stablecoin market cap exceeds $250B, led by USDT and USDC

• 🏛️ U.S. and Hong Kong advance comprehensive stablecoin regulations

• 📈 DeFi TVL reaches all-time high of $113B, indicating robust growth

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XRP poised for breakout amid upcoming events

Community anticipates significant moves between June 4–6

XRP is drawing attention as analysts highlight the potential for a breakout in the coming days. With its price hovering around $2.20, a push above $2.28 could trigger bullish momentum. The XRP community is eyeing June 4–6 for potential catalysts, including updates in the Ripple-SEC case and macro sentiment. If resistance is broken, analysts project a move toward the $2.50–$2.70 range.

• 🔮 XRP approaches critical resistance level

• 📅 Key dates ahead may influence market sentiment

• 📈 Breakout could lead to renewed bullish momentum

Read More Here →

🛠 XION launches 'Dave' to empower mobile blockchain development

New toolkit aims to simplify blockchain integration for developers

XION has unveiled “Dave,” a mobile development kit to simplify blockchain integration for mobile apps. Designed for accessibility, Dave enables developers to create walletless applications, a major hurdle for user adoption. With over 18 million mobile developers globally, XION’s new tooling could significantly accelerate decentralized app growth. The move positions XION as a key player in onboarding the next wave of Web3 builders.

• 🛠️ 'Dave' simplifies blockchain development for mobile platforms

• 📱 Toolkit targets vast developer community for broader adoption

• 🌐 XION’s initiative could catalyze decentralized app growth

Full Story Here →

Degen Domain

🐸 PEPE surges 8.6% amid renewed memecoin interest

Frog-themed token leads the charge in memecoin revival

• 🐸 PEPE’s price jump signals memecoin market revival

• 📈 High trading volume indicates strong investor interest

• 🔥 Potential breakout could lead to substantial gains

Full Story Here →