According to PANews, the conflict between Israel and Iran escalated on Friday, causing U.S. oil prices to rise by about 6%, with a weekly increase of over 10%; spot gold surged nearly $50, stabilizing above $3,400. This week saw an increase of over 3.7%. In the coming week, multiple central banks will hold policy meetings. On Monday at 20:30, the U.S. June New York Fed manufacturing index; on Tuesday, the Bank of Japan will announce its interest rate decision; on Wednesday at 20:30, U.S. initial jobless claims for the week ending June 14; on Thursday at 02:00, the Federal Reserve's FOMC will announce its interest rate decision and economic outlook summary; on Thursday at 02:30, Fed Chair Powell will hold a monetary policy press conference. Next Tuesday, U.S. monthly retail sales data will be in the spotlight. The 90-day suspension period for Trump's tariff measures will end on July 8, and trade developments may continue to leave the market anxious.
● Grayscale still considers Ethereum as the underlying asset, expected growth in trading fee revenue
According to PANews, Grayscale, a cryptocurrency asset management company, stated on platform X that ETH remains the underlying asset in the cryptocurrency industry. Ethereum dominates in applications, assets, and developer activity, continuously generating significant trading fee revenue. If scaled successfully, annual trading fee revenue is expected to further increase.
● Hong Kong plans to release a second virtual asset policy declaration
According to ChainCatcher, Chan Ho Lam, acting director of the Hong Kong Financial Services and the Treasury Bureau, announced that a second virtual asset development policy declaration will be launched this year. The next step will explore how to combine the advantages of traditional finance in Hong Kong with virtual asset technology for cooperation and innovation. This initiative aims to utilize virtual assets to enhance the safety and flexibility of the local economy and encourage local and international enterprises to explore innovative applications of virtual assets.
● President Trump discloses financial report, involving cryptocurrency income of $57.35 million
According to BlockBeats, President Trump submitted his first public financial disclosure report during his term, revealing the latest information about his assets. The report states that he earned $57.35 million through a token sale by the cryptocurrency company World Liberty Financial and holds 15.75 billion governance tokens. The report details the income Trump received from the authorized use of his name and likeness, including $3 million from selling (Save America) books, $2.5 million from the 'Trump sneakers and perfume' series, $2.8 million from watches, $1,055,100 from '45 guitars', and $1,306,035 from (Greenwood Bible). A company paid him $1,057,490 in licensing fees through the sale of Trump digital trading cards.
● Brazil cancels tax exemption policy on cryptocurrency gains, unifies tax rate at 17.5%
According to ChainCatcher, Brazil has canceled the tax exemption policy on cryptocurrency gains. Under the new temporary decree, personal cryptocurrency profits will be uniformly taxed at a rate of 17.5%.
Previously, individuals selling no more than 35,000 reais of cryptocurrency per month were not required to pay taxes. Before the change, profits exceeding this limit were subject to a progressive tax rate, up to a maximum of 22.5%.
●Japanese Prime Minister Kishida speaks with Trump, reiterates request to eliminate high tariffs
According to ChainCatcher, Japanese Prime Minister Kishida spoke on the phone with U.S. President Trump, reiterating the request for a complete elimination of high U.S. tariff measures. The two leaders confirmed that they would hold talks during the G7 summit in Canada to deepen Japan-U.S. cooperation. Both sides agreed to expedite consultations among responsible ministers to achieve a consensus beneficial to both countries. The call was initiated by the Japanese side and lasted about 20 minutes. Kishida mentioned that the reason for the call was to wish Trump a happy birthday, even though it was a day early.
● JPMorgan report: U.S. Bitcoin mining companies to achieve gross profits of $2 billion in Q1 2025
According to Wu Shuo reports, JPMorgan released a report stating that Q1 2025 will be 'one of the best quarters to date' for publicly listed Bitcoin mining companies in the U.S. Five mining companies collectively achieved gross profits of $2 billion, with an average gross margin of 53%.
MARA led in production for the ninth consecutive quarter but had the highest unit costs; IREN became the most profitable mining company for the first time, with unit costs of only about $36,400.
