Odaily News OKX market shows that BTC has broken through 107,000 USDT and is now at 107,000.2 USDT, with a 24-hour increase of 1.87%. (This newsletter is generated by AI)

Odaily News Investment bank Baird upgraded Tesla (TSLA.O) from overweight to neutral with a target price of $320, noting that despite a weak quarter, Tesla is still up 24% (the S&P 500 is 13%), partly due to excitement about the affordable car and Robotaxi that will be launched in June. We think Musk is too optimistic about the launch of Robotaxi, and a lot of the hype has been digested. His relationship with Trump also adds uncertainty. Tesla remains a strong choice in the long run, but we are still on the sidelines for now. (Jinshi)

Odaily星球日报讯 据官方公告，币安将于 2025 年 06 月 16 日 16：00（北京时间）停止支持 FIS、MDT 代币的充值和提现业务。2025 年 06 月 16 日 16：00（北京时间）后，通过以下网络指定代币的充值将不会记入账户，可能会导致资产损失。 （本条快讯由AI辅助生成）

Odaily News According to official news, Binance will launch Skate (SKATE), specifically: Alpha trading opens: June 9, 2025 18:00 (UTC+8) Contract trading opens: June 9, 2025 18:30 (UTC+8) Eligible Binance users with at least 236 Binance Alpha points can go to the Alpha event page to claim an airdrop of 800 SKATE tokens when trading opens. Please note that claiming the airdrop will consume 15 Binance Alpha points.

Odaily News On June 9, Foreign Ministry Spokesperson Lin Jian hosted a regular press conference. A Reuters reporter asked, the first meeting of the China-US economic and trade consultation mechanism is being held in the UK, can China provide more information and what are its expectations for the consultation? "China has released relevant information about the first meeting of the China-US economic and trade consultation mechanism. Please keep an eye on the specific situation of the consultation." Lin Jian said. (The Paper)

Odaily News Matrixport released a chart today saying that Circle's valuation has been pushed up to $24 billion thanks to its blockbuster IPO, which is nearly $20 billion higher than the acquisition price proposed by Coinbase a month ago. In hindsight, the offer at that time was undoubtedly a "bottom price". The success of this IPO has undoubtedly rekindled Wall Street's enthusiasm for crypto stocks. Despite the impressive momentum, the crypto market as a whole has not shown the same enthusiasm. Data shows that Bitcoin's funding rate not only remains low, but even fell to negative values at one point. This may mean that some investors are hedging their risks by shorting Bitcoin while going long on crypto stocks. Regardless of the strategy adopted by investors, this optimism in the open market has not yet been transmitted to the crypto assets themselves.