● Trump will sign an executive order to double tariffs on steel and aluminum
According to Odaily Planet Daily, White House Press Secretary Levitt stated that Trump will sign the steel and aluminum tariff order today. A 50% tariff on steel and aluminum imports will take effect tomorrow.
● The US has presented a complex list of demands to Vietnam in tariff negotiations
According to a report by Deep Tide TechFlow, on June 3, sources from Jinshi Data revealed that the US presented a "long and difficult" list of demands to Vietnam in tariff negotiations.
● OECD warns that Trump's tariff policy may harm US economic growth
According to a report by Deep Tide TechFlow, the Organisation for Economic Co-operation and Development (OECD) warned that US President Trump's tariff policy would have a negative impact on US economic growth. Nevertheless, it is expected that Trump will not change his tariff stance. An increasing number of voices indicate that raising import taxes will harm the US economy, but the Trump administration seems likely to continue pushing its tariff plans.
● Fed's Bostic expects a possible rate cut this year
According to BlockBeats, on June 3, Fed's Bostic stated that he still believes there may be one rate cut this year, depending on economic conditions.
● Arthur Hayes: Those worried about the US reducing spending can confidently buy more BTC
According to Foresight News, Arthur Hayes stated that debt relief is always a winning strategy during election cycles. Anyone worried about the US reducing spending can confidently buy more BTC.
● Data: Institutional buyers have increased their holdings of 417,000 BTC since 2025
According to Odaily Planet Daily, the Cointelegraph X account disclosed that Bitwise data shows that institutional buyers have dominated Bitcoin demand, increasing their holdings by 417,000 BTC since 2025, while retail investors sold 158,000 BTC.
According to PANews, Geoff Kendrick, head of digital asset research at Standard Chartered, warned that 61 publicly traded companies collectively hold 673,800 Bitcoins, accounting for 3.2% of the total supply. If the Bitcoin price falls below 22% of the average purchase price, it could trigger forced sales by companies.
The report pointed out that Strategy (MSTR) holds 580,000 of these, accounting for the vast majority. If the Bitcoin price drops below $90,000, half of the companies' holdings will face the risk of losses. Although the current trend of corporate Bitcoin holdings has increased buying pressure, it also harbors potential selling risks.
● Trump Media Technology Group's Truth Social applies for Bitcoin spot ETF
According to PANews, Trump Media Technology Group (TMTG) has submitted an application for a Bitcoin spot ETF through its partner for its social platform Truth Social. The application was submitted to the NYSE Arca exchange, and the fund intends to track the performance of Bitcoin spot prices. If approved, Truth Social will become the first social media platform to submit such an application.
