● U.S. Secretary of Commerce: Tariffs will take effect on August 1
According to BlockBeats, Trump stated on Sunday that he has reached some trade agreements with trading partners and will write to other countries to notify them that tariff rates will increase. U.S. Secretary of Commerce Lutnick told reporters that higher tariffs will take effect on August 1, but Trump is 'now formulating the rates and agreements.'
In April this year, Trump announced a basic tariff of 10% on most countries, as well as additional tariffs of up to 50%, although he later postponed the effective date of tariffs for all countries to July 9 (except for the 10% tariff). Lutnick's remarks hinted at a three-week tariff 'reprieve.' U.S. Treasury Secretary Besant had previously made similar comments, stating that countries without an agreement would face tariffs starting August 1, but denied that this date was a 'new deadline.'
● 54 entities purchased a total of 8,434 bitcoins from late June to early July
According to BlockBeats, NLNico statistics show that from June 30 to July 4, 54 entities announced Bitcoin treasury purchases, acquiring a total of 8,434 bitcoins. This includes 4 new treasury announcements, with Figma holding nearly $70 million in Bitcoin ETF and approved to purchase an additional $30 million in Bitcoin. 12 companies announced future treasury purchases, including 2 gold-related companies. 18 companies added Bitcoin, totaling 7,591 BTC. 14 companies plan to buy more Bitcoin, having raised several hundred million dollars. Additionally, there are 6 other financial-related disclosures.
According to BlockBeats, Hong Kong Financial Secretary Paul Chan stated that the assets anchored by ETP products currently listed in Hong Kong include stocks, fixed income products, commodities, currencies, and digital assets, covering multiple global regions. ETP issuers have greater flexibility in asset selection, product returns, and risk structures, which is beneficial for meeting investors' interests and hedging needs.
In March this year, Hong Kong launched the first leveraged and inverse products for individual stocks in Asia. As of May this year, there are over 210 ETP products listed in Hong Kong, with a total asset management scale approaching 510 billion yuan, an increase of about 30% compared to 2020, and the average daily trading volume has risen to about 40 billion yuan, a fivefold increase.
● Lloyds Bank predicts that the Fed's June meeting minutes will not change market expectations
According to Jin Ten data, Lloyds Bank in the UK believes that the Fed's June meeting minutes are not expected to change the market's expectation that the interest rate will remain unchanged in the July meeting. Rate adjustments are more likely to take place in September.
The Fed's dot plot predicts two rate cuts this year, but there are significant divergences among policymakers, ranging from three rate cuts to maintaining the current rate.
● The probability of the Fed maintaining the interest rate in July is 95.3%
According to Jin Ten data, CME's 'FedWatch' shows that the probability of the Fed maintaining the interest rate in July is 95.3%, while the probability of cutting rates by 25 basis points is 4.7%.
The probability of the Fed maintaining the interest rate in September is 30.6%, the cumulative probability of cutting rates by 25 basis points is 66.2%, and the cumulative probability of cutting rates by 50 basis points is 3.2%.
● Michael Saylor releases Bitcoin Tracker information again
According to Shen Chao TechFlow, Strategy Executive Chairman Michael Saylor released Bitcoin Tracker-related information again on the X platform, stating: "Sometimes you just need to HODL." According to previous patterns, Strategy always discloses information about increasing Bitcoin holdings the day after relevant news is released.
