The US-China negotiations went smoothly, the US stock market surged, and the net inflow of Ethereum ETF reached a four-month high.

US stocks surged across the board yesterday ( 6/10) as the market remains optimistic about the US-China trade agreement, along with the upcoming CPI data drawing significant attention. The S&P 500 index has risen for three consecutive days, just 1.7% away from its all-time high. Tech stocks and related semiconductor stocks performed well, with TSMC ADR rising 2.64%. Meanwhile, new rounds of negotiations between the US and China have begun in London, and Commerce Secretary Howard Lutnick ( stated that progress is "going quite smoothly." Bitcoin increased by about 0.22% compared to the previous day, but Ether performed even better, surging approximately 3.91% to a high of $2,833.

The negotiations between the US and China in London are progressing smoothly, and the CPI data has become the market focus.

U.S. Commerce Secretary Howard Lutnick indicated that the U.S.-China talks are "going quite smoothly" and hope to finalize an agreement on Tuesday evening local time, June 10, ), otherwise it will be postponed until Wednesday. Lutnick further hinted that the recent U.S. restrictions on exports of high-tech products to China are expected to ease following the release of rare earths in Beijing. The market also hopes that both sides can reach a consensus on key export issues such as "tariff reductions" and "rare earths."

The US consumer price index (CPI) will be released on Wednesday (6/11), and the market expects the annual growth rate to rise from 2.3% to 2.5%, mainly because the Trump administration's import tariff policy may push prices higher. Citibank also predicts that the Fed will not move (Fed) June and July meetings, and will start cutting interest rates as soon as September.

( US-China trade resumes consensus: London talks reach new framework agreement )

Elon Musk and Trump's beef continues, Tesla has pumped for three consecutive days.

Previously, Tesla (Tesla) founders Musk and Trump (One Big Beautiful Bill Act) content in the community, including Vice President Vance (JD Vance) came to mediation and wanted reconciliation.

Musk said on Twitter (X) that the first Tesla self-driving car will drive directly from the production line to the customer's home on 6/28. According to data from the Austin Transportation Department in Texas, Tesla is officially listed as an autonomous vehicle operator (Known AV Operators in Austin), which is currently in the testing stage, and at the same time, Tesla self-driving taxis are also tested on the road in Texas. Tesla has jumped 5.67% for three days in a row, closing at $326.09.

(Musk harshly criticized Trump's "Big and Beautiful" tax plan as disgusting, with continuous opposition voices within the Republican Party)

Bitcoin retraced to 109K, while Ether surged to 2,833 USD due to the ETF.

Bitcoin (BTC) has now retreated slightly to the 108K – 109K range after breaking through the 110K mark yesterday, with Ether (ETH) outstanding.

According to on-chain analyst Trader T, the net inflow of the US Ethereum spot ETF has reached 124.01 million USD, setting the highest trading volume in 4 months. As a result, Ether (ETH) also surged to 2,833 USD at one point. Below are the net inflows of several major Ethereum ETFs:

BlackRock ETHA: net inflow of $79.67 million.

Fidelity FETH: net inflow of 26.32 million USD.

Bitwise ETHW: net inflow of 8.35 million USD.

Grayscale ETH: Net inflow of 9.67 million dollars.

This article discusses the smooth negotiations between the US and China, the simultaneous rise of US stocks, and the net inflow of Ether ETF reaching a four-month high, first appearing in Chain News ABMedia.