● US Commerce Secretary Raimondo: No mutual cancellation of tariffs and barriers
According to Deep Tide TechFlow, on June 4, US Commerce Secretary Raimondo stated that the US would not mutually cancel tariffs and barriers with other countries.
● US-EU trade negotiations are advancing rapidly
According to BlockBeats, US Trade Representative Tai stated on June 4 that constructive contacts have been made with the EU on trade issues, and negotiations are progressing rapidly.
● Trump calls on Federal Reserve Chairman Powell to cut interest rates
According to ChainCatcher, Trump called on Federal Reserve Chairman Powell to cut interest rates on social media. He pointed out that ADP data had been released, Europe had cut rates nine times, and Powell should act immediately.
● JPMorgan plans to offer cryptocurrency ETF financing to clients
According to Odaily Planet Daily, JPMorgan is preparing to accept cryptocurrency-related assets as loan collateral, including Bitcoin exchange-traded funds. The first batch involves BlackRock's iShares Bitcoin Trust.
This move marks a significant expansion of JPMorgan's cryptocurrency-related business, coinciding with a generally loosening regulatory environment under the new US government. Previously, the bank only accepted such collateral in limited cases.
Under the new plan, cryptocurrency ETFs will be treated in a manner closer to traditional assets when assessing clients' borrowing capacity. The plan is expected to launch in the coming weeks and may include more cryptocurrency investment products.
● US SEC officially accepts Nasdaq 21Shares SUI ETF listing application
According to Deep Tide TechFlow, on June 4, 2025, the US Securities and Exchange Commission (SEC) officially announced the acceptance of the Nasdaq stock market's application for the listing of the 21Shares SUI ETF. The announcement showed that Nasdaq submitted the application to the SEC on May 23, planning to list and trade this commodity trust share-based ETF product in accordance with Nasdaq Rule 5711(d).
● Circle prices IPO at $31 per share, with a valuation of $6.2 billion
According to Foresight News, stablecoin issuer Circle completed its IPO on the New York Stock Exchange at $31 per share, exceeding the originally expected pricing range ($24 to $26), raising $1.1 billion and achieving a valuation of $6.2 billion. The stock code is 'CRCL'. This IPO was originally planned to issue 24 million shares but was expanded to over 34 million shares due to surging demand.
● BlackRock has purchased $560 million worth of ETH since May 11
According to PANews, Lookonchain monitoring shows that BlackRock (iShares Ethereum Trust) has purchased 214,000 ETH worth $560 million since May 11, even as ETH prices have remained steady between $2,500 and $2,700.
According to BlockBeats, Matrixport released a daily analysis stating that 'new South Korean President Lee Jae-myung is actively promoting a series of cryptocurrency reform measures, explicitly supporting the legalization of spot Bitcoin ETFs, issuing stablecoins pegged to the Korean won, and easing restrictions for institutional investors entering the crypto market. Additionally, Lee plans to revise current regulations on trading platforms and establish a 'Digital Asset Committee' to promote the formulation and implementation of related policies such as the (Digital Asset Basic Law).'
These measures aim to align with global financial development trends, strengthen South Korea's financial sovereignty, and accelerate the integration of digital assets into South Korea's mainstream economy. Despite the increasingly friendly regulatory environment, local cryptocurrency trading activity in Korea remains relatively sluggish, and the president's reform commitments have yet to fully boost market enthusiasm.
According to Matrixport report charts, South Korea's daily cryptocurrency trading volume is still close to historical lows, having significantly declined since the beginning of the year.
● YZi Labs invests in open-source hardware wallet company OneKey
YZi Labs announced its investment in OneKey, an open-source hardware wallet aimed at enhancing cryptocurrency security and providing self-custody services for global users.
OneKey develops an open-source hardware wallet designed to address the growing risks in cryptocurrency asset management, serving retail and institutional users seeking secure self-custody.
YZi Labs stated that this investment reflects its commitment to gateway solutions, aiming to enable global users to access Web3 more securely and conveniently.
