A certain whale started liquidating a $148 million S&P 500 short position, anticipating a stock market increase post CPI release

June 10: Bitget data shows that ahead of the U.S. stock market open, stocks in the "Huang Renxun's Strict Selection Stocks" basket were mostly lower, with declines including: Intel (INTC) down 3.33%; Nebius (NBIS) down 3.23%; Nokia (NOK) down 2.99%; Marvell (MRVL) down 2.95%; CoreWeave (CRWV) down 2.88%; IREN (IREN) down 2.87%; Coherent (COHR) down 2.38%; and Corning (GLW) down 2.25%.

June 10 — Bitget announced in an official statement that the platform has launched trading for 89 stock-linked tokens, including rWMT (Walmart), rBAC (Bank of America), rFIG (Figma), rBLK (BlackRock), rF (Ford), and rAAL (American Airlines), among others. These tokens, called "rTokens" (identified by an "r" prefix followed by the underlying stock’s ticker, such as rNVDA for Nvidia), are issued by Bitget’s licensed RWA (Real-World Asset) protocol, Reality. Via a partnership with compliant brokerage Alpaca, the rTokens are directly connected to global liquidity pools including the Nasdaq and New York Stock Exchange (NYSE). Key features of the offering include: a 1:1 reserve of the underlying stock held by a licensed custodian; stock dividends distributed as tokens at a 1:1 ratio; support for corporate actions (like stock splits and mergers) with real-time synchronization; and the ability to use positions as collateral for unified accounts and U.S. dollar-denominated ("U-based") contrac

June 10: Per LookOnChain’s monitoring, a whale holding a $147.6 million short position on the S&P 500 has begun taking profits. The entity has closed out $52.45 million of its S&P 500 short position, locking in a realized profit of $561,000. It continues to hold a remaining $94.07 million short position on the index, with an unrealized profit of $1.49 million.

On June 10, Binance adjusted the contract amount for its SPCXUSDT U Inverse Perpetual Pre-IPO contract. Per the exchange’s announcement, SpaceX’s estimated share count was revised from the prior 11.87 billion to 13.08 billion shares. Currently, SPCX is priced at $157.64; based on this adjusted share quantity, SpaceX’s valuation stands at approximately $2.06 trillion.

June 10 — Economists expect a key U.S. inflation gauge, due out this Wednesday, will show that U.S. consumer prices rose in May at the fastest pace in over three years. Mark Zandi, chief economist at Moody’s Analytics, stated that unlike the inflation driven by COVID-19-era supply disruptions, the recent price surge is largely tied to government policies — including the Iran war. “It’s been nearly five years since inflation last hit the Federal Reserve’s target, and I believe that’s gradually eroded the public’s collective economic mindset, which is a key reason Americans feel so frustrated about the economy,” he said. A new CBS News survey finds three-quarters of Americans report their incomes aren’t keeping up with inflation. Economists note that May’s Consumer Price Index (CPI) data — the inflation gauge in question — signals rising energy prices as the primary driver of persistent inflation. Zandi added that beyond energy costs, Wednesday’s CPI release will also spotlight goods an

June 10th: According to Bitget data, US stock index futures have extended their losses. Nasdaq 100 Index futures are currently down 1.23%, Dow Jones futures 0.64%, and S&P 500 Index futures 0.78%.