● Trump: Will send letters to trading partners to set unilateral tariff rates in the next week or two
According to BlockBeats, US President Trump stated that he plans to send letters to trading partners to set unilateral tariff rates within the next week or two, in order to meet the July 9 deadline for the tariff suspension. Trump told reporters, 'At some point, we will send a letter. I think you all understand, this is the agreement, you can accept it or not.'
When asked whether he would extend the deadline for countries to reach agreements with the US government, Trump expressed an open attitude but added that he 'doesn't think we need to do that.'
● US Treasury Secretary Bercet is willing to extend the tariff suspension period
According to BlockBeats, US Treasury Secretary Bercet stated on Wednesday that as long as the US's main trading partners show 'sincerity' in the current negotiations, the Trump administration is willing to extend the current 90-day tariff suspension period beyond July 9. Bercet made this statement during a hearing held by the House fundraising committee in Washington, mentioning that the US has 18 'important trading partners' with whom the Trump administration is working to reach agreements. For those countries and trade groups (like the EU) that are 'negotiating sincerely', it is 'very likely' that the US will 'extend the deadline to continue sincere negotiations. If someone is not negotiating, then we will not negotiate.'
Officials from the Trump administration have not officially stated whether they are willing to postpone the tariff suspension if 'terms of agreement' are not reached before the suspension expires. Bercet's remarks indicate that as the deadline approaches, the Trump administration may be more inclined to change the deadline they set.
● US Commerce Secretary: Transactions will start to be reached next week
According to BlockBeats, US Commerce Secretary Lutnik stated on June 11 that they have now begun to focus on other business negotiations. Starting next week, one transaction after another will be reached.
● US May CPI data all fall short of expectations
According to BlockBeats, the US May unadjusted CPI annual rate recorded at 2.4%, with market expectations at 2.5%. The US May unadjusted CPI monthly rate recorded at 0.1%, with market expectations at 0.2%. The US May adjusted core CPI monthly rate recorded at 0.1%, with market expectations at 0.3%. The US May unadjusted core CPI annual rate recorded at 2.8%, with market expectations at 2.9%.
According to BlockBeats, Trump stated on the Truth platform that the Federal Reserve should lower interest rates by a whole point. (FED SHOULD LOWER ONE FULL POINT) Interest on maturing debt will be much less. It's very important.
● Market expects the Federal Reserve to cut rates twice this year, totaling a 77 basis point cut
According to ChainCatcher, after the US CPI data was released, the market expects the Federal Reserve to cut rates a total of 77 basis points over the next year, with a cumulative cut of 48 basis points by December. Previously, the expectation was for a total cut of 67 basis points over the next year, with a cut of 42 basis points by December. Traders have increased their bets on the Federal Reserve cutting rates, generally expecting two rate cuts this year.
● Ukraine proposes allowing the national bank to include cryptocurrencies in reserves
According to Foresight News, Ukrainian lawmakers proposed amending the law to allow the National Bank of Ukraine (NBU) to include cryptocurrencies like Bitcoin in the country's reserves. The proposal was submitted to parliament on Tuesday. The central bank will retain complete discretion over whether to allocate reserves to cryptocurrencies, how much to allocate, and when to allocate.
According to Shenchao TechFlow, Bloomberg ETF analyst James Seyffart predicts the probability of approval for crypto spot ETFs. The approval probabilities for portfolios/index funds, Litecoin, and Solana are 90%. The approval probability for XRP is 85%. Dogecoin and HBAR are expected to have an approval probability of 80%. Cardano, Polkadot, and Avalanche are expected to have an approval probability of 75%. SUI is expected to have an approval probability of 60%.
