● U.S. Deputy Treasury Secretary: Some agreements will be reached before July 9
According to Deep Tide TechFlow, on June 2, the U.S. Deputy Treasury Secretary stated that some agreements would be reached before July 9, and some trade agreements should be forthcoming.
● Federal Reserve's Goolsbee says tariffs have limited impact on economy
According to Deep Tide TechFlow, on June 3, Federal Reserve's Goolsbee stated that the inflation reports received so far are excellent, and the direct impact of tariffs on the economy is surprisingly limited. It remains to be seen whether this will still be the case in the next one to two months.
● Concerns over tariffs boost safe-haven demand, gold prices surge on Monday
According to BlockBeats, on June 2, gold prices jumped 2% on Monday due to escalating conflict between Russia and Ukraine and U.S. President Trump's threat to impose double tariffs on imported steel and aluminum, leading investors to turn to safe-haven gold. Trump stated last Friday that he plans to raise steel and aluminum tariffs from 25% to 50%, and the European Commission warned that Europe is prepared to retaliate. KCM Trade's chief market analyst Tim Waterer stated that trade and geopolitical concerns are emerging, causing gold prices to open higher. Ahead of the second round of peace talks in Istanbul, hostilities between Ukraine and Russia have escalated, with Ukraine launching bold attacks and Russia conducting nighttime drone strikes. Risk assets have declined, and the dollar's drop supports gold prices.
● Strategy spends about $75.1 million to increase holdings of 705 BTC
According to Odaily Planet Daily, market news shows that Strategy spent $75.1 million to increase holdings of 705 BTC, with an average price of approximately $106,495.
According to Wu Say, Strategy (formerly known as MicroStrategy) announced plans to publicly issue 2.5 million shares of 10.00% Series A perpetual preferred stock (stock code: STRD). The raised funds will be used for general corporate purposes, including the purchase of Bitcoin and working capital.
● Bank of America: Assets like Bitcoin and gold may benefit from a declining dollar
According to PANews, Bank of America stated that uncertainty in trade policy and high debt levels may continue to pressure the dollar. High-frequency data suggests that the economy may slow down, and the dollar could decline further this summer. Meanwhile, due to rising inflation expectations, the Federal Reserve is unable to take significant action, which may benefit dollar-denominated assets such as gold and Bitcoin.
● UK-listed IG Group launches cryptocurrency trading services
According to ChainCatcher, UK-listed IG Group announced the launch of cryptocurrency trading services for retail investors, covering 31 digital assets including BTC, ETH, and XRP.
● Willy Woo: The market is in a liquidation hunt season
According to Odaily Planet Daily, trader Willy Woo stated that now is not a good time to bet on Bitcoin's rise. The market is in a 'liquidation hunt season,' with high leverage levels in the derivatives market. Woo pointed out that Bitcoin needs to clear out excess 'casino speculators' before it can enter the next round of new high trends.
