Daily Update — 11 Jun 2026

Iran’s top joint military command said the Strait of Hormuz was closed again after renewed U.S. attacks, warning that oil tankers and commercial ships attempting passage could be fired upon. The move revives the biggest near-term macro risk for Bitcoin: another energy-led inflation shock that can push yields higher and tighten financial conditions.

The European Central Bank raised its three key rates by 25 basis points, taking the deposit rate to 2.25% effective June 17. The ECB said the Middle East war is generating inflation pressures, and its new staff projections show euro-area headline inflation peaking at 3.4% in the second half of 2026.

The U.S. Bureau of Labor Statistics said final-demand PPI rose 1.1% in May and 6.5% from a year earlier, the hottest annual reading since November 2022. Energy and goods led the jump, while the core-like measure excluding foods, energy and trade services climbed 5.1% year over year, reinforcing a hawkish rates backdrop for Bitcoin.

Japan’s lower house advanced a bill that would reclassify cryptocurrencies as financial instruments under a regime closer to stocks. If the upper house approves it, the shift would tighten market oversight while potentially paving the way for more favorable tax treatment for crypto gains.

BlackRock filed another amendment for its proposed iShares Bitcoin Premium Income ETF, a covered-call product tied primarily to IBIT shares and other ETP indices. The latest filing disclosed a 0.65% sponsor fee and adds to evidence that large asset managers are still broadening Bitcoin ETF product shelves despite weaker market sentiment.

Delaware lawmakers advanced a bill that would ban cryptocurrency kiosks statewide and require existing machines to be removed within 90 days if enacted. The proposal reflects a tougher U.S. retail-regulation stance around scam-prone Bitcoin ATM channels even as federal crypto policy remains in flux.

CryptoQuant said both spot and futures demand deteriorated sharply as Bitcoin slipped below $60,000, leaving market conditions “deeply unfavorable.” The firm pointed to realized price near $53,600 as the key aggregate cost-basis level that could act as the next major downside reference if macro pressure persists.