According to @CNBC, the S&P 500 dividend yield has fallen to its lowest level since the dotcom bubble, highlighting a historically thin income profile for U.S. equities, source: CNBC. This matters for traders because a lower index dividend yield mechanically reflects higher prices relative to dividends, making dividend-based valuation screens less attractive at the index level, source: CNBC. Cross-asset allocators may focus more on equities versus bond carry and sector leadership dynamics as yield scarcity concentrates performance, with potential liquidity implications for high-beta assets including crypto, source: CNBC. Crypto-focused traders can monitor equity breadth, the equity risk premium, and funding conditions to gauge whether equity income scarcity coincides with risk-on or de-risking across digital assets, source: CNBC.

According to Paolo Ardoino on Twitter, Tether is positioned as a mega hedge against societal instability, with the company's Equity Risk Premium (ERP) reportedly turning negative (source: @paoloardoino, June 7, 2025). This development highlights Tether's strengthening role as a stablecoin safe haven during periods of market and social uncertainty, which could impact trading strategies by increasing demand for USDT in volatile conditions. Traders should monitor USDT flows and liquidity trends for signals on broader crypto market sentiment as Tether’s negative ERP may attract institutional and retail investors seeking capital preservation.