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Veris Residential

Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.

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Economics

Reported Earlier, China Trade Balance (USD) For May 103.22B Vs. 101.10B Est.; 96.18B Prior

Reported Earlier, China Imports (YoY) For May -3.4% Vs. -0.9% Est.; -0.2% Prior

Reported Earlier, China Exports (YoY) For May 4.8% Vs. 5.0% Est.; 8.1% Prior

Reported Earlier, China Producer Price Index (YoY) For May -3.3% Vs. -3.1% Est.; -2.7% Prior

Reported Earlier, China Consumer Price Index (YoY) For May -0.1% Vs. -0.2% Est.; -0.1% Prior

Reported Earlier, China Consumer Price Index (MoM) For May -0.2% Vs. 0.1% Prior

University of Michigan economist Justin Wolfers says critics who claim economists are &#8220;terrible forecasters&#8221; should read his co-authored textbook from 2020, which he insists foretold the very public clash between Elon Musk and President Donald Trump.
What Happened: Wolfers wrote on X that the 2020 Stevenson-Wolfers Principles of Economics textbook warns budget battles can turn "vicious … even among colleagues who normally consider themselves friends," a sentence he says "prophesied the Musk-Trump tiff.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Next time someone claims that economists are terrible forecasters, remind them that the Stevenson and Wolfers introductory econ textbook prophesized the Musk-Trump tiff and generations of econ students have been expecting this moment. <a href="https://t.co/Jm4XlcfiDF">pic.twitter.com/Jm4XlcfiDF</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1931812842623168751?ref_src=twsrc%5Etfw">June 8, 2025</a></blockquote>
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He attached a screenshot of the passage to argue that economists, when writing about incentives and scarcity, often spot political flashpoints before they explode.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I&#39;m revising my macro chapter on fiscal policy but I think that I can leave this line as is: &quot;as the federal budget is prepared, vicious fights can break out&#8211;even among colleagues who normally consider themselves to be friends&quot;
&mdash; Betsey Stevenson (@BetseyStevenson) <a href="https://twitter.com/BetseyStevenson/status/1931391467768905855?ref_src=twsrc%5Etfw">June 7, 2025</a></blockquote>
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See also: <a href="https://www.benzinga.com/news/politics/25/06/45830411/elon-musk-flexes-spacex-advantage-in-feud-with-trump-we-have-got-the-spaceships-and-they-do-not-gets-support-from-this-republican">Elon Musk Flexes SpaceX Advantage In Feud With Trump: &#8216;We Have Got The Spaceships And They Do Not&#8217; — Gets Support From This Republican</a>
Wolfers' post on X follows a similar one from the co-author of the economics book he was referring to. Betsey Stevenson, former chief economist at the U.S. Labor Department, wrote Saturday that she is working on revising her chapter on &#8220;fiscal policy&#8221; in an upcoming edition of the &#8216;Principles of Economics&#8216; textbook but will keep the line about "vicious fights" erupting during budget prep. Why It Matters: The Musk-Trump tiff Wolfers referenced in his X post escalated on June 3 when Musk blasted House Republicans' 1,100-page spending plan as a "<a href="https://www.benzinga.com/news/politics/25/06/45757029/elon-musk-slams-congressional-spending-bill-as-a-disgusting-abomination">disgusting abomination</a>" and warned new tariffs would trigger recession. Trump <a href="https://www.benzinga.com/news/politics/25/06/45800612/trump-says-musk-has-trump-derangement-syndrome-as-battle-over-bill-heats-up-had-a-great-relationship-dont-know-if-we-will-anymore">fired back</a> a day later, accusing the Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO of "Trump Derangement Syndrome" and suggesting their once-warm relationship was finished.
The feud rattled markets, <a href="https://www.benzinga.com/markets/25/06/45827390/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession-up">erasing $152 billion</a> from Tesla's value in one session and prompting activists to warn Trump could "hurt Elon's businesses."
Political analysts trace Musk's break with Trump to disputes over EV tax credits and budget deficits, with insults trading on X and Truth Social through June 6. As things stand, the spat&nbsp;between the two&nbsp;appears to have <a href="https://www.benzinga.com/news/politics/25/06/45829923/trump-and-musk-aides-have-spoken-as-tensions-cool-between-the-billionaire-and-the-president">taken a pause</a>. That said, the future of their relationship remains uncertain.
Photo Courtesy: Shutterstock AI
Read next: <a href="https://www.benzinga.com/markets/hedge-funds/25/06/45830443/bill-ackman-says-us-sitting-on-a-300-billion-gold-mine-with-freddie-mac-and-fannie-mae-but-the-governments-not-going-to-give-it-up">Bill Ackman Says US Sitting On A $300 Billion Gold Mine With Freddie Mac And Fannie Mae—But &#8216;The Government&#8217;s Not Going To Give It Up&#8217;</a>

Politics

TSLA

Trump-Musk Feud Moment 'Expected' By Generations Of Economics Students: 'Vicious Fights Can Break Out' Among Friends Over Budget, Says Justin Wolfers

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Gross Domestic Product Price Index (YoY) For Q1 3.3% Vs. 3.2% Est.; 2.9% Prior

Ex-Goldman Executive On Circle's 168% IPO Spike: Don't Rush To Buy Stock As Bankers Engineer A ‘Pop' — Cites Facebook Example
Former Goldman Sachs executive and Web3 entrepreneur Dom Kwok advised against investing in Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) following its bumper listing, suggesting investors wait for the lockup period to end.
What Happened: In an X post dated Friday, Kwok, co-founder of EasyA, share his investment advice regarding the <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45821941/circle-crcl-stock-surges-after-successful-ipo-debut-whats-going-on">recent initial public offering</a> of&nbsp;the stablecoin issuing company. He cautioned investors against buying into the hype created by the engineered &#8220;pop&#8221; on IPO day.
&#8220;As we just saw with Circle&#8217;s 168% pop, this sharp price increase creates huge excitement and bullish sentiment around the company. All eyes focus on the stock, drawing more investors in and driving price higher. but don&#8217;t fall for it,&#8221; Kwok said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">when i worked at <a href="https://twitter.com/GoldmanSachs?ref_src=twsrc%5Etfw">@GoldmanSachs</a>, i pulled multiple all-nighters pricing tech IPOs. if you&#39;re considering buying <a href="https://twitter.com/search?q=%24CRCL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CRCL</a>, read this. TLDR i would not invest in <a href="https://twitter.com/circle?ref_src=twsrc%5Etfw">@circle</a>&#39;s IPO after a 168% pop. why? when bankers price an IPO, they engineer a &quot;pop&quot; on IPO day. as we just saw with… <a href="https://t.co/XKpVzTbymv">pic.twitter.com/XKpVzTbymv</a>
&mdash; Dom (Bull/ish) &#x7C; EasyA (@dom_kwok) <a href="https://twitter.com/dom_kwok/status/1930845306222240016?ref_src=twsrc%5Etfw">June 6, 2025</a></blockquote>
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Kwok advised retail investors to wait 90-180 days after the IPO to invest, allowing for price discovery and the end of the lockup period.
&#8220;When the lockup period ends, insiders and early investors typically sell their shares, causing lots of selling pressure and pushing price down. this typically gives long-term retail investors a great opportunity to buy shares at a discount,&#8221; Kwok added. In the case of Circle, the lockup period is 180 days.
Kwok also cited the example of Facebook, which was later rebranded as Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>). After a blockbuster IPO, t<a href="https://www.benzinga.com/news/12/11/3095295/more-than-70-of-investors-dislike-facebook">he shares hit new lows </a>as the lockup period ended.
While several users backed Kwok&#8217;s analysis, WilliamNextLvl who described themselves as having &#8220;stock investing expertise,&#8221; differed, saying, &#8220;The IPO market is smoking hot right now. Ride the momentum.&#8221;
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/06/45751414/bitcoin-dips-below-106k-while-firms-like-microstrategy-nbx-and-k33-adopt-btc-treasury-stra" target="_blank" rel="noreferrer noopener">Bitcoin Dips Below $106K While Firms Like MicroStrategy, NBX, and K33 Adopt BTC Treasury Strategy </a>
Why It Matters: Circle&#8217;s IPO was indeed a sensation, with shares popping 168% on its Wall Street debut. Seasoned investor Cathie Wood deemed the IPO <a href="https://www.benzinga.com/markets/ipos/25/06/45819104/cathie-wood-calls-circles-ipo-an-amazing-debut">an &#8220;amazing debut,&#8221;</a> with her firm ARK Invest bagging hundreds of millions worth of the company&#8217;s shares.
The acquisition&nbsp;could point to&nbsp;Ark's bullish outlook on the stablecoin sector as Circle is the issuer of the world&#8217;s second-largest stablecoin by market capitalization, USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>).
Price Action:&nbsp; Shares of Circle closed 29% higher at $107.70 during Friday&#8217;s regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Are you looking for cryptocurrency-linked stocks for your portfolio? Check out <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to filter out the best performers on key measures such as Momentum, Growth, and Quality.
Photo Courtesy: kenary820 on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin" target="_blank" rel="noreferrer noopener">White House Says Gold Reserves May Be Used to Purchase Bitcoin</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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CRCL

Ex-Goldman Executive On Circle's 168% IPO Spike: Don't Rush To Buy Stock As Bankers Engineer A 'Pop' — Cites Facebook Example

Reported Earlier, Japan Gross Domestic Product Annualized (QoQ) For Q1 -0.2% Vs. -0.7% Est.; 2.2% Prior

Reported Earlier, Japan Gross Domestic Product (QoQ) For Q1 0.0% Vs. -0.2% Est.; 0.6% Prior

Reported Earlier, Japan Current Account n.s.a. For April 2.258T Vs. 2.560T Est.; 3.678T Prior

Reported Earlier, Japan Adjusted Current Account For April 2.31T Vs. 2.59T Est.; 2.72T Prior

Multiple Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo robotaxis were reportedly set on fire during Los Angeles' anti-ICE protests against the Trump administration&#8217;s crackdown on immigration into the U.S., as the Immigration and Customs Enforcement, or ICE, carried out high-profile raids and reportedly detained several undocumented individuals.
What Happened: The protests turned violent following clashes with the police, with protesters allegedly vandalizing over five Waymo robotaxis, costing the company over $900,000, according to influencer Sawyer Merritt&#8217;s post on X on Sunday.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Firefighters obviously couldn&#39;t safely get to the Waymos due to the LA protests. Three of them are just completely burnt to rubble now. These 5 Waymos that were vandalized, which represent about 0.4% of the entire fleet, cost ~$900,000. <a href="https://t.co/xGrhJW9zSl">pic.twitter.com/xGrhJW9zSl</a>
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1931885649663078904?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Multiple Waymo vehicles set ablaze here in LA <a href="https://t.co/p2iVDUbEIL">pic.twitter.com/p2iVDUbEIL</a>
&mdash; Brendan Gutenschwager (@BGOnTheScene) <a href="https://twitter.com/BGOnTheScene/status/1931875366307815645?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote>
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Following the reports, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk also took to social media to express his views on the vandalism. "This is not ok," he said in a post on X with a picture of a protester standing on top of a damaged Waymo autonomous vehicle.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is not ok <a href="https://t.co/feOtg6f6ge">pic.twitter.com/feOtg6f6ge</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1931896196836081975?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote>
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Why It Matters: The news comes in as California Governor Gavin Newsom called the Trump administration's decision to send in the <a href="https://www.benzinga.com/news/politics/25/06/45830221/gavin-newsom-calls-deployment-of-national-guard-in-los-angeles-unlawful-says-there-was-no-problem-until-trump-got-involved-serious-breach-of-state-sovereignty">National Guard "unlawful"</a> following the use of tear gas by law enforcement.
The vandalism comes as Waymo recently announced it will be conducting tests in multiple U.S. cities, following the company&#8217;s achievement of the <a href="https://www.benzinga.com/25/05/45539621/tesla-robotaxi-rival-waymo-reaches-10-million-paid-rides-milestone-as-robotaxis-step-into-the-spotlight" target="_blank" rel="noopener">10 million paid autonomous rides</a> milestone, which doubles its lifetime total of 5 million rides in just five months.
The feud between Musk and U.S. President Donald Trump has <a href="https://www.benzinga.com/news/politics/25/06/45829923/trump-and-musk-aides-have-spoken-as-tensions-cool-between-the-billionaire-and-the-president">reportedly cooled down</a>, with Musk <a href="https://www.benzinga.com/news/politics/25/06/45829511/elon-musk-scrubs-his-social-media-of-trump-related-posts-amid-public-feud">deleting posts on X </a>where he had criticized Trump and alleged that the president&#8217;s name was on the Epstein files.
Musk had slammed Trump as well as the U.S. Government following the president's Big Beautiful Bill, which the Congressional Budget Office estimates <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45564489/trumps-big-tax-bill-clears-the-house-30-year-yields-jump-to-515-as-bond-marke">would add trillions </a>to the U.S. national debt.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/45830286/ron-desantis-takes-a-dig-at-california-says-state-officials-living-in-a-leftist-information-bubble-amid-unrest-spring-break-crackdown-a-model-response-says-florida-governor">Ron Desantis Takes A Dig At California, Says State Officials Living In A &#8216;Leftist Information Bubble&#8217; Amid Unrest — Spring Break Crackdown A Model Response, Says Florida Governor</a></li>
</ul>
Photo courtesy: Sundry Photography / Shutterstock.com

Tech

GOOG

GOOGL

Multiple Waymo Vehicles Set On Fire During Los Angeles Anti-ICE Protests, Elon Musk Says 'This Is Not Ok'

On Sunday, Pierre Ferragu, an analyst at New Street Research, criticized Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) research paper on Large Reasoning Models (LRMs), calling the <a href="https://www.benzinga.com/news/25/05/45260075/apple-teams-up-with-ai-startup-anthropic-to-integrate-claude-sonnet-into-xcode-challenging-microsofts-github-copilot">company's approach to the AI revolution</a> misguided.&nbsp;
What Happened: Ferragu shared his thoughts on X, formerly Twitter, stating, "Apple has its head in the sand. Instead of embracing the revolution, they deny its very existence."
He went on to say that Apple's paper, titled "The Illusion of Thinking: Understanding the Strengths and Limitations of Reasoning Models via the Lens of Problem Complexity," suffers from "ontological nonsense."&nbsp;
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45826757/apple-may-launch-new-hardware-at-wwdc-2025-mac-pro-homepad-airtag-2-expected">Apple May Launch New Hardware At WWDC 2025: Mac Pro, HomePad, AirTag 2 Expected</a>
The analyst argued that human reasoning is inherently subjective and cannot be simplified into easily measured models.
Ferragu's critique stemmed from Apple's findings that frontier LRMs, while showing improved performance on reasoning benchmarks, still have major limitations, including a collapse in accuracy with increasing task complexity.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Apple has its head in the sand. Instead of embracing the revolution, they deny its very existence. The paper claiming objective measures for reasoning is ontological nonsense—human reasoning is inherently subjective, defying simplistic measurement. <a href="https://t.co/iHwT0RxG3n">pic.twitter.com/iHwT0RxG3n</a>
&mdash; Pierre Ferragu (@p_ferragu) <a href="https://twitter.com/p_ferragu/status/1931795174436512198?ref_src=twsrc%5Etfw">June 8, 2025</a></blockquote>
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Why It's Important: Ferragu's comments reflect broader concerns in the AI industry about Apple potentially <a href="https://www.benzinga.com/25/03/44118144/amazon-unveils-ai-reasoning-model-for-june-2025-strengthening-aws-leadership-in-ai-innovation">falling behind in the race</a> to develop advanced reasoning models.
Apple hired Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)-owned Google's AI chief John Giannandrea in 2018 to boost its AI capabilities, but the company is still <a href="https://www.benzinga.com/media/25/05/45486193/why-is-apple-still-behind-on-ai-expert-dissects-reasons-behind-iphone-maker-lagging-likes-of-microsoft-and-amazon-despite-poaching-googles-ai-chief">lagging behind rivals</a> like OpenAI, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
Despite promises of revamping Siri and advancing AI, many features have faced delays or don't work properly.
Previously, it was reported that internal tensions and a cautious approach are partly to blame. Apple's slower progress is also attributed to fewer GPU acquisitions, its strong privacy stance and a perfectionist culture that delays launches.
During <a href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more">Apple's May earnings call</a>, CEO Tim Cook justified the delayed progress, stating that Apple Intelligence features require more time to align with the company's high-quality standards.
Price Action: According to <a href="http://pro.benzinga.com/">Benzinga Pro</a>, Apple shares are down 16.37% year to date, but have surged 140.76% over the past five years.
Benzinga's Edge Stock Rankings indicate that Apple is experiencing a declining price trend over the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed metrics are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09005057/Screenshot-2025-06-09-at-10.18.46%E2%80%AFAM.png" alt="" class="wp-image-942603" /></a></figure>
Photo Courtesy: Prathmesh T on Shutterstock.com
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<li><a href="https://www.benzinga.com/markets/large-cap/25/06/45770679/alibaba-jd-see-sales-soar-in-618-festival-apple-and-xiaomi-emerge-as-top-selling-brands" target="_blank" rel="noreferrer noopener">Alibaba, JD See Sales Soar In 618 Festival, Apple And Xiaomi Emerge As Top Selling Brands</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

AMZN

MSFT

Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: 'Has Its Head In The Sand'

Billionaire hedge fund manager Bill Ackman is once again highlighting what he sees as one of the Federal Government&#8217;s most overlooked assets, its stake in mortgage finance giants, the Federal National Mortgage Association (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FNMA#OTC">FNMA</a>) or Fannie Mae, and the Federal Home Loan Mortgage Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FMCC#OTC">FMCC</a>), or Freddie Mac.
What Happened: Speaking at the 2025 Forbes Iconoclast Summit last week, Ackman called them &#8220;two remarkable businesses,&#8221; referring to their $7 trillion in mortgage guarantees, on which they collect 65 basis points in annual fees. 
According to Ackman, the founder of Pershing Square Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PSHZF#OTC">PSHZF</a>), &#8220;the government's interest in Fannie and Freddie is worth approaching $300 billion,&#8221; but he believes they are not going to give it up, while criticizing their 16-year-long conservatorship which prevents them from operating as private corporations.
Both firms were brought under the control of the Federal Housing Finance Agency (FHFA) following their bailout in 2008, and what was initially intended as a temporary measure to stabilize the housing market has since become a permanent arrangement.
See Also: <a href="https://www.benzinga.com/markets/market-summary/25/06/45829717/us-china-trade-war-american-kids-to-get-fewer-costlier-dolls-this-christmas-heres-why">US-China Trade War: American Kids To Get Fewer, Costlier Dolls This Christmas, Here&#8217;s Why</a>
Ackman, who was short both companies during the 2008 financial crisis, reversed course in 2012 and has since become one of their most prominent advocates. 
He argues that Fannie and Freddie are now well-capitalized and far safer than they were before the crash, and could help offset the ballooning federal deficits if returned to private hands.
Critics of privatization argue that ending government control could push mortgage rates higher, as the removal of an explicit federal guarantee might lead investors to demand a higher risk premium on mortgage-backed securities.
Ackman, however, has pushed back against this, saying that Fannie Mae and Freddie Mac are now much better placed, with capital ratios above 2.5%, compared to 0.45% pre-crisis, which he thinks &#8220;would have been enough during the financial crisis had they not gone into subprime.&#8221;
He also emphasized the systemic protections in place, such as &#8220;a belt, suspenders, another belt, and more suspenders,&#8221; referencing the firms' capital levels, backstops from the Treasury, and robust earnings power.
Why It Matters: Ackman&#8217;s Pershing Square has been the largest common stockholder in both entities for 13 years and has been a vocal advocate for ending the conservatorship for some time.
Recently, he <a href="https://www.benzinga.com/markets/equities/25/06/45764818/bill-ackman-urges-end-to-fannie-mae-freddie-mac-conservatorship-says-will-enable-them-to-operate-more-successfully-and-efficiently">called for the cancellation</a> of $348.2 billion in Senior Preferred Stock liability on the company&#8217;s balance sheets, which he labeled as &#8220;fictitious.&#8221;
He said, &#8220;The government has been paid more than it was contractually owed under the extremely onerous terms of the SPS,&#8221; referring to the $301 billion being paid back of the original $191 billion invested by the government, resulting in an 11.6% annualized return for taxpayers. 
Ackman had, in fact, recommended both companies as investments back in December, saying that he expects them to exit conservatorship <a href="https://www.benzinga.com/general/social-media/24/12/42734220/bill-ackman-sends-fannie-mae-freddie-mac-stocks-soaring-trump-likes-big-deals">under the Trump administration</a>, while adding that he sees &#8220;large asymmetric upside versus downside,&#8221; which sent the stocks soaring.
Just as he had predicted two weeks ago, President Donald Trump said that he was giving &#8220;very serious consideration&#8221; to taking <a href="https://www.benzinga.com/news/financing/25/05/45557031/trump-considers-taking-fannie-mae-freddie-mac-public-calls-mortgage-giants-very-profitable-says-timing-seems-right">Fannie Mae and Freddie Mac public</a>.
&#8220;Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right,&#8221; Trump said.
Price Action: Shares of Pershing Square Holdings were down 0.31% on Friday, trading at $52.62, while Fannie Mae and Freddie Mac were up 0.67% and 4.17% during the day, respectively.
Photo Courtesy: Tada Images on Shutterstock.com
Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/06/45829923/trump-and-musk-aides-have-spoken-as-tensions-cool-between-the-billionaire-and-the-president">Trump and Musk Aides Have Spoken as Tensions Cool Between the Billionaire and the President</a></li>
</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Billionaire Bill Ackman&#039;s Key to Long Term Investment Success" width="500" height="281" src="https://www.youtube.com/embed/X_D_JbcxM5M?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>

Equities

FMCC

FNMA

PSHZF

Bill Ackman Says US Sitting On A $300 Billion Gold Mine With Freddie Mac And Fannie Mae—But 'The Government's Not Going To Give It Up'

Two-thirds of Gen Z say critics, including their parents, call them reckless spenders and half insist schools, not impulse, set them up for failure.
What Happened: A new Young Enterprise/HSBC survey finds that family members supply most of the side-eye (39%) while social media delivers another 17%. Yet, the poll data, <a href="https://www.ftadviser.com/next-generation-of-advice/2025/6/3/nearly-65-of-gen-z-feel-judged-about-how-they-manage-their-money/">reported</a> by FTAdviser, a publication from the Financial Times, shows 48% of respondents blame weak classroom lessons for budgets that collapse under concert tickets and caviar nights, and 22% now rely on "finfluencers" for money advice.
High prices make matters worse. One-quarter of 19-to-28-year-olds say paychecks no longer cover basic costs. Parents fill the gap. Roughly 50% still fund at least one adult child and shell out an average of $1,813 a month for rent, groceries and phone bills, a Savings.com study shows.
Gen Z counters that formal instruction would cut the guilt. Consumer advocates agree, arguing that mandatory personal-finance classes reduce debt and late fees for graduates. More than 20 U.S. states now require such courses, but most mandates took effect after today's 20-somethings left high school.
See also: <a href="https://www.benzinga.com/personal-finance/management/25/06/45811999/vincent-chan-shares-a-lesson-that-can-cost-you-1-million-if-you-get-it-wrong-saving-money-is-not-going-to-make-you-rich">Vincent Chan Shares A Lesson That Can Cost You $1 Million If You Get It Wrong: &#8216;Saving Money Is Not Going To Make You Rich&#8217;</a>
Long-term, the money picture brightens: Bank of America projects Gen Z's global income will soar from $9 trillion in 2023 to $36 trillion by 2030 and $74 trillion by 2040, making them history's wealthiest cohort.
Why It Matters: In an era of rising prices and economic uncertainty, it might come as a surprise to learn that many young Americans continue to prioritize &#8220;fun&#8221; over funds. According to a recent Credit Karma report, <a href="https://www.benzinga.com/personal-finance/25/05/45482962/some-45-of-gen-z-say-theyd-rather-cut-savings-than-give-up-eating-out-have-spending-priorities-gone-off-track">nearly half</a> would trim long-term savings before skipping restaurant meals, and 87% now treat items like streaming, skincare, and dining out as necessities rather than luxuries.
When it comes to money lessons, <a href="https://www.benzinga.com/general/social-media/25/05/45540111/gen-z-swaps-wall-street-for-fintok-70-now-take-money-advice-from-social-media-surveys-show">young adults scroll</a> instead of sitting in class. An H&amp;R Block survey shows one-third of Gen Z relies on TikTok and similar feeds for financial advice, and a Charles Schwab poll pushes that share to 72% when it includes other websites and apps.
Photo Courtesy: wedmoments.stock On Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/economic-data/25/06/45812372/us-labor-markets-defies-tariff-concerns-as-nonfarm-payrolls-wages-top-expectations-in-may">US Labor Markets Defies Tariff Concerns As Nonfarm Payrolls, Wages Top Expectations In May</a>

Personal Finance

Gen Z Feels Judged For Their Money Decisions And Half Faults Schools For Budget Blowups, Finds Poll

SpaceX and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk flexed the company's rockets amid a war of words with President Donald Trump on Sunday. What Happened: On Sunday, Musk took to X, formerly Twitter and said, "Whatever happens, we have got the spaceships, and they do not."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Whatever happens, we have got the spaceships, and they do not
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1931806069220954360?ref_src=twsrc%5Etfw">June 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Notably, Musk&#8217;s comments came after the tech mogul conducted a poll on X, where he asked his over 220 million followers about <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45830251/elon-musks-political-party-to-launch-in-2025-odds-rise-on-polymarket-the-crypto-betting-market-now-partnered-with-x">forming a new political party</a> in the U.S. An overwhelming 80.4% responded in favor.
Responding to Musk's post, Rep. Thomas Massie (R-Ky.) replied, "I don't know if I'm part of ‘we' but I would like to formally disassociate myself from the group herein referred to as ‘they.'"
Musk quickly said, "You're definitely not ‘they' and are welcome to be part of ‘we'," to which Massie responded with, &#8220;Count me in."
See Also: <a href="https://www.benzinga.com/markets/market-summary/25/06/45829811/cathie-wood-praises-elon-musk-says-he-is-the-thomas-edison-of-our-age-names-tesla-as-her-no-1-stock-pick-for-the-long-term">Cathie Wood Praises Elon Musk, Says He Is &#8216;The Thomas Edison Of Our Age&#8217;, Names Tesla As Her No. 1 Stock Pick For The Long Term</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f603; Count me in. &#x1f44d;
&mdash; Thomas Massie (@RepThomasMassie) <a href="https://twitter.com/RepThomasMassie/status/1931861335278788800?ref_src=twsrc%5Etfw">June 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It&#8217;s Important: On Friday, the Tesla CEO floated a possible name, "The America Party," following the poll results.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The America Party <a href="https://t.co/hO5S8Kjb5O">https://t.co/hO5S8Kjb5O</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1931112942495523014?ref_src=twsrc%5Etfw">June 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The rift between Musk and Trump could have serious <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805173/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession">implications for Musk's companies</a>, including Tesla and SpaceX, the billionaire's space technology company, particularly if threats to revoke federal contracts and subsidies are carried out.
Tesla&#8217;s market capitalization dropped by a record $152 billion, knocking the company out of the $1 trillion club following Musk's public criticism of Trump's &#8220;Big Beautiful Bill.&#8221;
Adding to the pressure, former White House official Steven Bannon has called for a federal investigation into <a href="https://www.benzinga.com/news/politics/25/06/45829875/elon-musk-reportedly-slammed-into-scott-bessent-like-a-rugby-player-after-being-called-a-fraud-trump-said-this-is-too-much">Musk's immigration status</a>, even suggesting that the South African-born U.S. citizen should be deported.&nbsp;
He also called on Trump to seize control of SpaceX. He said that he is not asking for the nationalization of SpaceX, but the administration should make sure that the company is not spearheaded by <a href="https://www.benzinga.com/cannabis/25/05/45700477/elon-musk-was-using-drugs-while-on-campaign-trail-with-trump-including-ecstasy-and-psychedelic-mushrooms">someone who has drug issues</a>.
Over the weekend, it was reported that two White House officials have confirmed that the public dispute between Trump and Musk <a href="https://www.benzinga.com/news/politics/25/06/45829923/trump-and-musk-aides-have-spoken-as-tensions-cool-between-the-billionaire-and-the-president">has been temporarily paused</a>.
Price Action: Tesla shares have declined by 14.11% over the past five days, based on data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
According to Benzinga's Edge Stock Rankings, while the stock is experiencing short and medium-term downward trends, its long-term prospects are still viewed as favorable. For more in-depth metrics, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">click here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/08223946/Screenshot-2025-06-09-at-8.08.11%E2%80%AFAM.png" alt="" class="wp-image-942542" /></a></figure>
Photo Courtesy: RKY Photo on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Elon Musk Flexes SpaceX Advantage In Feud With Trump: 'We Have Got The Spaceships And They Do Not' — Gets Support From This Republican

Argentina&#8217;s President Javier Milei has been cleared by the country&#8217;s Anti-Corruption Office in the controversial LIBRA memecoin scandal that eroded millions of dollars in investors&#8217; wealth.
What Happened: The anti-corruption office concluded that Milei&nbsp;was acting in &#8220;personal&nbsp;capacity&#8221; when he promoted the&nbsp;Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based cryptocurrency via his X post and &#8220;did not violate&#8221; the the Public Ethics Law that governs public officials in the country, according to a translated statement.
&#8220;That, in summary, said post, not connected with administrative acts, without allocation of public resources, nor institutional support, should be interpreted as an act of individual or private communication that has not generated an official direction of public policies of any kind.&#8221;
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin" target="_blank" rel="noreferrer noopener">White House Says Gold Reserves May Be Used to Purchase Bitcoin</a>
Why It Matters: This scandal has been a significant point of contention in Argentina&#8217;s political landscape. In April, Argentina&#8217;s Chamber of Deputies approved a probe into the <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44706269/argentinas-congress-approves-investigation-of-scam-ridden-libra-token-promoted-by-president-javier-milei">scam-tainted token</a>. The lower house voted in favor of three draft resolutions, including the creation of an investigative commission, the questioning of executive branch officials, and a request for information from the government.
However, last month, the Argentine government <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45526856/javier-milei-adjacent-meme-coin-no-longer-being-investigated-what-happened">officially disbanded</a> the Unidad de Tareas de Investigación, a special unit formed to examine Milei&#8217;s alleged connections to the controversial meme coin, after the unit concluded its inquiry and submitted its findings to the public prosecutor&#8217;s office.
Milei&nbsp;<a href="https://in.benzinga.com/25/02/43769603/argentinas-stock-market-plummets-amid-milei-meme-coin-controversy" target="_blank" rel="noreferrer noopener">publicly endorsed</a>&nbsp;the LIBRA token in February, causing it to gain billions in market capitalization, only to crash 90% within the next few hours. As of this writing, the token was down 99% from its peak.
The crash sparked allegations of a rug pull, with a&nbsp;<a href="https://in.benzinga.com/news/global/25/03/44296984/libra-token-fallout-argentine-lawyer-demands-extradition-of-project-creator-from-us" target="_blank" rel="noreferrer noopener">renowned Argentine lawyer&nbsp;</a>demanding the international arrest of&nbsp;Hayden Davis,&nbsp;a U.S.-based cryptocurrency entrepreneur allegedly involved in the token launch. 
Milei said that he never promoted the coin, and anyone who invested in the coin did so voluntarily.
Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/45830251/elon-musks-political-party-to-launch-in-2025-odds-rise-on-polymarket-the-crypto-betting-market-now-partnered-with-x" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Political Party To Launch In 2025? Odds Rise On Polymarket, The Crypto Betting Market Now Partnered With X</a></li>
</ul>
Photo Courtesy: Matias Lynch on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

$SOL

Javier Milei Acted In 'Personal Capacity' And Didn't Violate The Law: Argentina's Anti Corruption Office Clears President In Solana-Based LIBRA Memecoin Scandal

Leading cryptocurrencies were little changed Sunday ahead of the trade negotiations between officials of U.S. and China in London.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:15 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.14%</td>
<td>$105,734.18</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.44%</td>
<td>$2,503.70</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.29%</td>
<td>$0.1882</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin spiked above $106,000 in the evening, only to correct to the $105,000 region overnight.&nbsp;
Ethereum experienced a similar trajectory, bumping an intraday high of $2,547.47 before correcting later in the evening.
Bitcoin enjoyed a 63.7% share of the market as of this writing, while Ethereum's dominance remained above 9%.
About $107 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly equal amounts of longs and shorts wiped out. That said, nearly $350 million worth of bearish bets on Bitcoin risked liquidation if the apex cryptocurrency rallies to $108,000
Bitcoin's Open Interest dipped by 0.50% in the last 24 hours. Interestingly, nearly 60% of Binance traders with open BTC positions were positioned short, anticipating further downsides.
The "Greed" sentiment showed a reading of 62, according to the Crypto Fear &amp; Greed Index, unchanged in the last 24 hours.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:15 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPX6900 (SPX)</td>
<td>+9.44%</td>
<td>$1.26</td>
</tr>
<tr>
<td>Internal Computer (ICP) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+6.34%</td>
<td>$5.53</td>
</tr>
<tr>
<td>Raydium (RAY)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+6.03%</td>
<td>$2.29 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.3 trillion, following a modest increase of 0.30% in the last 24 hours.&nbsp;
Stock futures inched lower overnight Sunday. The Dow Jones Industrial Average Futures fell 47 points, or 0.11%, as of 9:24 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 dipped 0.15%, while Nasdaq 100 Futures slid 0.23%.
Investors brace for a big week ahead as officials from the U.S. and China are <a href="https://truthsocial.com/@realDonaldTrump/posts/114637838750311907">expected</a> to hold trade talks on Monday.&nbsp;
The week will also see a slew of inflation-related data, including the consumer price index and the producer price index.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst and trader Rekt Capital noted that Bitcoin has broken its two-week downtrend.
"Now, Bitcoin is trying to challenge the $106,600 resistance (black). Some light rejection here would be normal. But the goal is for Bitcoin to daily close above black for continued bullish bias," the analyst added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin has broken its two-week Downtrend (light blue) Now, Bitcoin is trying to challenge the $106600 resistance (black) Some light rejection here would be normal But the goal is for Bitcoin to Daily Close above black for continued bullish bias<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/mDiZnYvT6N">https://t.co/mDiZnYvT6N</a> <a href="https://t.co/6xmlK5Y3g5">pic.twitter.com/6xmlK5Y3g5</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1931766314093146268?ref_src=twsrc%5Etfw">June 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another widely followed commentator, Michaël van de Poppe, said a pullback to $103,000 could be a "tremendous opportunity" to buy more Bitcoin.
"Above $106,000 is an elevator towards a new ATH and likely $120,000+ in Q3," the analyst projected.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> prepares itself for the next rally towards a new ATH. If the markets corrects to $103K, that&#39;s a tremendous opportunity to get yourself some more Bitcoin. Above $106K is an elevator towards a new ATH and likely $120k+ in Q3. <a href="https://t.co/tpgyRJCCPq">pic.twitter.com/tpgyRJCCPq</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1931731694832206129?ref_src=twsrc%5Etfw">June 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Antonio Gravante On Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45777944/jpmorgan-to-accept-crypto-linked-etfs-as-loan-collateral">JPMorgan To Accept Crypto-Linked ETFs As Loan Collateral</a></li>
</ul>

Movers

Trading Ideas

$BTC

$DOGE

$ETH

Bitcoin, Dogecoin Flat, Ethereum Dips Ahead Of US-China Trade Talks: $106,000 An Elevator Toward A New BTC All-Time High, Says Analyst

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