• Following Tuesday’s cash rate hike, the collective value of the Big 4: Commonwealth Bank, Westpac, NAB and ANZ, fell by almost 9% in 3 days (till 10 June).
• The ASX dropped 4.2% this week, ending Friday with a new 50-day low.
• The Treasury is currently considering plans to regulate crypto asset service providers, with proposals to designate cryptocurrency assets as financial products
