June 5 – White House National Economic Council Director Kevin Hassett maintains the Federal Reserve should avoid raising interest rates and may still have room to cut rates, even after stronger-than-expected non-farm payroll data hit the wires. Hassett noted, “The Fed has consistently been behind the curve, and there’s still ample room for rate cuts.”

June 5, Fed "Whisperer" Nick Timiraos published a commentary on the latest nonfarm payroll data, indicating that this spring’s hiring spree has regained momentum. This development gives Fed officials focused on inflation further justification: they contend current low interest rates aren’t enough to contain upward price pressures. While the jobs report won’t fully settle the debate over how many more interest rate hikes the Fed might approve later this year, it does reinforce the view that the case for a near-term rate cut has largely faded.

June 5: U.S. Central Command denies reports of Iranian attacks on or firing at U.S. Navy ships, stating U.S. forces continue enforcing a naval blockade. Earlier, Iran’s navy claimed it launched missiles and drones at a U.S. destroyer in the Gulf of Oman, describing the action as a warning shot.

On June 5, Bitcoin mining firm CleanSpark released its May 2026 operational update. The company mined 671 BTC during the month, hitting a daily production peak of 23.16 BTC. Year-to-date (YTD), its total mining output reaches 3,110 BTC. The operational hash rate held steady at 50 exahashes per second (EH/s), while the average mining hash rate clocked in at 46.2 EH/s. As of the end of May, CleanSpark holds 13,470 BTC, up from 13,453 BTC at the end of April. Additionally, in May, the firm sold 404 BTC via spot transactions and offloaded another 250 BTC by exercising bullish options, at an average selling price of $79,934 per BTC.

June 5 — Anthony Pompliano, a cryptocurrency entrepreneur and CEO of ProCap (a Bitcoin treasury firm), argues that SpaceX’s initial public offering (IPO) will act as a watershed moment for Wall Street, opening the door wider to retail investors. For years, banks have struggled to figure out how to attract this group of capital, and SpaceX has emerged as the ideal asset to draw individual investors into their financial ecosystems. Pompliano outlined two key scenarios: If SpaceX’s IPO proceeds smoothly and retail investors earn a profit, banks will reap a major windfall over the next several years, as retail investors pour large sums into funds, IPOs, and various financial instruments. Conversely, if the IPO falls short and retail investors lose money, it will deal a setback to the relationship between institutional players and retail investors.

June 5 update: Per Bitget market data, spot gold slid below $4,400 per ounce, logging a 1.69% intraday drop. Spot silver plummeted 4% on the day, trading at $70.90 per ounce as of press time. Earlier breaking news: The first non-farm payroll report of the “Wash Time” era has been released, with employment figures coming in significantly higher than consensus estimates.