● U.S. core PCE price index year-on-year at 2.7% in May, expected 2.6%
According to Odaily Planet Daily, the year-on-year core PCE price index in the U.S. recorded 2.7% in May, higher than the expected 2.6%, marking the highest level since February 2025. The month-on-month core PCE price index in May recorded 0.2%, with the market expecting it to remain flat at 0.1%.
● U.S. Treasury Secretary Bessent: May reimpose reciprocal tariffs on 20 countries
According to Deep Tide TechFlow, on June 28, U.S. Treasury Secretary Bessent indicated that reciprocal tariffs may be reimposed on 20 countries. If it is believed that the other party is negotiating in good faith, the tariffs for these countries may remain at 10%.
● Market Analysis: S&P 500 Index approaches historical highs but faces key tests
According to Jin Ten Data, the S&P 500 Index is nearing historical highs, but with earnings season approaching, the upward momentum faces fundamental tests. Wall Street expects second-quarter profits to grow only 2.8% year-on-year, the smallest increase in two years. Yardeni Research estimates that only 6 out of 11 sectors are expected to see profit growth, the fewest since the first quarter of 2023. Market observers warn that the index valuation is too high and that a surge in earnings or significant rate cuts will be needed to justify it.
Technical analysts believe that without more sectors rising, the index may decline in the coming months. Sarah Hunt, Chief Market Strategist at Alpine Woods Capital Investors, stated that there are risks to the stock market rebound, as some sectors worsen or accelerate momentum beyond others.
● Arkham: BlackRock has purchased $1.15 billion worth of Bitcoin so far this week
According to Odaily Planet Daily, Arkham disclosed data on the X platform stating that BlackRock has purchased $1.15 billion worth of Bitcoin so far this week. The value of Bitcoin held by BlackRock has reached a historical high of $77.7 billion.
● ING: Dollar risk balance leans toward further decline, focus on Federal Reserve officials' speeches
According to Jin Ten Data, ING analyst Francesco Pesole pointed out that the risk balance indicates that the dollar may continue its downward trend. Pesole stated that any reading below a month-on-month change of 0.1% would hurt the dollar. The market is closely watching the subsequent speeches from Federal Reserve officials Kashkari, Williams, and Harker for signals of interest rate cuts.
● CryptoQuant Analyst: Assets are consolidating, altcoin accumulation potential is increasing
According to Foresight News, CryptoQuant analyst Axel Adler Jr. stated that as of June 27, the average monthly trading volume of altcoins was $1.6 billion, down from an annual average of $2.5 billion. This moderate volume indicates that assets are consolidating before the next wave of altcoin boom arrives, and the potential for accumulation is continuously increasing.
According to Wu Says, Ripple has decided to withdraw its cross-appeal in the case against the U.S. Securities and Exchange Commission (SEC). The court has rejected Ripple's settlement request with the SEC for the second time.
The agreement aims to reduce the fine amount to $50 million and lift the permanent injunction against Ripple. Ripple ultimately chose to accept the originally scheduled civil fine of $125 million, and the permanent injunction is expected to remain in effect.
