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BlockBeats News, June 10th, according to official sources, trade.xyz has launched perpetual contracts for the U.S. stock storage sector stock Western Digital (WDC), with up to 10x leverage.

BlockBeats News, June 10th. Just as the scythe was swung towards index fund investors and American retirement savings accounts, S&P Dow Jones Indices has just announced that SpaceX is eligible for rapid inclusion in certain indexes. However, compared to other index providers, S&P has already shown some convergence. In addition to S&P Dow Jones Indices, other independent index providers have also adjusted their rules for mega IPOs like SpaceX to be quickly included in their indexes. FTSE Russell recently implemented a new rapid entry mechanism, allowing eligible mega-cap companies (such as SpaceX) to be included in the Russell 1000/2000/3000 and FTSE Global Equity Index Series just 5 trading days after listing, mainly based on market capitalization thresholds. Furthermore, Nasdaq (especially Nasdaq 100) has also introduced new "rapid entry" rules, allowing mega IPOs like SpaceX to be included approximately 15 trading days after listing, forcing ETFs and funds tracking the Nasdaq 100 to buy a large number of shares in the short term. Recently, S&P Dow Jones Indices made minor rule adjustments to some of its broad market indexes, mainly relaxing the requirements for public float. These indexes include the S&P Total Market Index and Dow Jones U.S. Total Stock Market Index. After the adjustment, newly listed companies with low public float but large market capitalization, like SpaceX, can be included shortly after listing without the need to meet the strict 12-month listing and profitability thresholds of the S&P 500. Fortunately, S&P will maintain its existing eligibility requirements for major benchmark indexes like the S&P 500, rejecting the proposal to accelerate the rapid inclusion of mega-cap companies like SpaceX in the benchmark index after listing. There will be no shortening of the current 12-month "seasoning period" for new listings, nor exemptions based on company size from the existing profitability and public float requirements. This means that SpaceX will have to wait at least one year after listing to be included in the S&P 500.

BlockBeats News, June 10th. Nick Timiraos, a reporter from The Wall Street Journal known as the "Fed Whisperer," pointed out in an article that the May CPI report did not provide a clear answer to the Fed's policy path. Although core inflation appeared moderate, this one-month improvement was overshadowed by higher overall inflation readings and a more robust demand backdrop. Providing a reason for a rate hike pause requires a series of consecutive cooling data points, not just one bright spot this month. More critically, the forces propelling prices have undergone a transformation: it is no longer a simple tariff issue but a combination of energy shocks, capital expenditure demand from the AI construction boom, and the wealth effect. The overlapping of these three factors allows businesses to continue passing on costs to consumers. This composite pressure is much harder to ignore than tariff shocks. Looking ahead to next week's FOMC meeting, chaired for the first time by newly appointed Fed Chair Powell, Timiraos believes that the May CPI report has kept the Fed's recent hawkish turn intact. While it did not force them to become more hawkish today, the policy debate range has shifted from "maintaining rates for longer" to "whether to put rate hikes back on the table." This narrative was unthinkable when the market was still pricing in rate cuts at the beginning of the year. The Fed's threshold for patience has significantly increased, and one month of moderate data is not enough to change course.