Odaily News Binance announced that it has airdropped an additional 409 SKATE tokens to users who successfully claimed SKATE.

Odaily News According to market news: listed company Trident plans to raise US$500 million to establish an XRP treasury.

Odaily News Circle announced on the X platform that native USDC has been launched on XRP Ledger, and developers, institutions and users on XRP Ledger will receive support for the native stablecoin.

Odaily News The report released by the U.S. Bureau of Labor Statistics on Thursday showed that the U.S. core PPI data in May was lower than expected, affected by the mild cost of goods and services. Although the impact of higher tariffs on the American people is not significant at present, economists point out that price pressures may intensify in the second half of the year as companies try to avoid further weakening profit margins. PPI data showed that after declining in April, profit margins of wholesalers and retailers widened in May, especially in the wholesale of automobiles and machinery. Profit margins have fluctuated from month to month this year, highlighting the uncertainty of the impact of trade policies on prices and demand. Analysts pay special attention to the PPI report because some of its components are used to calculate the inflation indicator favored by the Federal Reserve (PCE data). Areas of weakness in May: Airfares, portfolio management fees fell, and medical costs also remained moderate. The PCE report will be released later this month. (Jinshi)

Odaily News The U.S. Department of Labor announced on Thursday that the number of initial unemployment claims rose slightly to 248,000 in the week ending June 7. This is the highest level since October last year. These data may be affected by the end of the school year and school holidays. In 2024, the number of people applying for unemployment benefits reached a high level in early June. (Jinshi)

Odaily News After the release of the PPI data, traders once again fully digested the scenario of the Federal Reserve cutting interest rates twice this year. (Jinshi)