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- 06.06.25: Circle Hits NYSE / ECB Cuts Rates / Memecoin Madness
06.06.25: Circle Hits NYSE / ECB Cuts Rates / Memecoin Madness
Plus: Discover the Solana memecoin born from a Trump vs. Musk feud ๐
๐ Welcome Back to Macro Point Daily, The smartest crypto take of the day โ 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 Todayโs Edition
๐๏ธ Circle debuts on NYSE, eyes TradFi trust
๐ ECB slashes rates amid inflation concerns
๐ Bitcoin's 50-day SMA hits record high
๐ง Neuralink secures $650M in Series E funding
๐ง OneKey achieves $150M valuation post-Series B
๐ธ Trump-Musk spat spawns $53M Solana memecoin
Letโs dive in.๐
Todayโs Edition

๐ Circle Makes Wall Street Debut
Stablecoin issuer Circle lists on NYSE, bridging crypto and traditional finance.

Circle, the company behind the USDC stablecoin, has officially listed on the New York Stock Exchange under the ticker "CRCL." This move marks a significant step in integrating cryptocurrency with traditional financial markets. Circle's NYSE debut is seen as a milestone for the crypto industry, signaling increased institutional acceptance and regulatory compliance.
๐๏ธ Circle lists on NYSE under ticker "CRCL"
๐ Bridges gap between crypto and traditional finance
๐ Signals growing institutional acceptance of stablecoins

๐ ECB Cuts Rates Amid Inflation Concerns
European Central Bank reduces key interest rates by 25 basis points.

The European Central Bank (ECB) has announced a 25 basis point cut to its key interest rates, aiming to address persistent inflation and support economic growth. This decision reflects the ECB's commitment to stabilizing prices and ensuring smooth monetary policy transmission across the euro area.
๐ ECB cuts rates by 25 basis points
๐ถ Aims to combat persistent inflation
๐ Supports economic growth and policy transmission
Source: ECB Press Release

๐ Bitcoin's 50-Day SMA Hits Record High
BTC's 50-day simple moving average reaches new peak, indicating strong upward momentum.

Bitcoin's 50-day simple moving average (SMA) has reached a record high, reflecting sustained bullish momentum in the market. This technical indicator suggests that BTC's recent price gains are supported by strong underlying trends, potentially paving the way for further appreciation.
๐ BTC's 50-day SMA at record high
๐ Indicates strong bullish momentum
๐ก Suggests potential for continued price appreciation

๐ฎ Neuralink Secures $650M in Series E Funding
Elon Musk's brain-computer interface company raises significant capital.

Neuralink, the brain-computer interface company founded by Elon Musk, has closed a $650 million Series E funding round. This substantial investment underscores growing interest in neurotechnology and its potential applications, including intersections with blockchain and AI.
๐ง Neuralink raises $650M in Series E
๐ค Highlights growing interest in neurotechnology
๐ Potential intersections with blockchain and AI
Source: Crunchbase News

๐ OneKey Achieves $150M Valuation Post-Series B
Crypto hardware wallet company OneKey secures funding to expand operations.

OneKey, a provider of crypto hardware wallets, has completed a Series B funding round, reaching a valuation of $150 million. The funds will be used to enhance product offerings and expand global operations, reflecting increased demand for secure crypto storage solutions.
๐ OneKey reaches $150M valuation
๐ฐ Completes Series B funding round
๐ Plans to expand global operations
Source: Coinspeaker
Degen Domain
๐ธ Trump-Musk Feud Spawns $53M Solana Memecoin
Political spat gives rise to "Kill Big Beautiful Bill" (KBBB) token.

A recent clash between Donald Trump and Elon Musk has inspired the creation of a new Solana-based memecoin, "Kill Big Beautiful Bill" (KBBB). The token has quickly gained traction, reaching a market capitalization of $53 million, exemplifying the crypto community's penchant for turning headlines into trading opportunities.
๐ธ KBBB token emerges from Trump-Musk feud
๐ Reaches $53M market cap rapidly
๐ฏ Highlights memecoin culture's responsiveness to current events
Source: Decrypt
๐ฌ Quote of the Day
"Volatility is the price you pay for performance." โ Fred Wilson
See you tomorrow. Forward to a friend who still thinks ETFs are boring.
๐๐๐ง ๐ซก
โ Macro Point Daily