● U.S. Non-Farm Employment Increased by 147,000 in June, Exceeding Expectations
According to BlockBeats, the U.S. non-farm employment increased by 147,000 in June, exceeding expectations of 110,000. The previous value was revised from 139,000 to 144,000.
● Analyst: Strong Non-Farm Data May Support the Fed in Keeping Interest Rates Unchanged
According to Jin Ten Data, analyst Jonnelle Marte stated that the strong performance of non-farm data may support the Federal Reserve in keeping interest rates unchanged for a longer time this year. This unexpected result will almost certainly alleviate concerns about the labor market, thereby eliminating the possibility of an interest rate cut in July.
● U.S. Treasury Secretary Expects Numerous Trade Agreements Before July 9
According to BlockBeats, U.S. Treasury Secretary Becerra stated that numerous trade agreements are expected to be reached before July 9. Approximately 100 countries are expected to receive at least a 10% reciprocal tariff.
According to PANews, U.S. Senator Cynthia Lummis introduced a comprehensive digital asset tax bill, aiming to achieve several key outcomes for the crypto industry and striving to create a level playing field for digital asset users across the country.
According to estimates from the Congressional Joint Committee on Taxation, this bill is expected to yield approximately $600 million in net revenue during the fiscal years 2025 to 2034. The bill proposes reforms on several digital asset tax issues, including tax exemption for small transactions, establishing a minimum threshold rule of $300; eliminating double taxation for miners and stakers; equal taxation of digital assets and traditional financial assets (such as lending, wash sales, and market value taxation); and charity donations without valuation reports.
● U.S. Initial Jobless Claims for the Week Ending June 28 Lower than Expected at 233,000
According to Wu Shuo, the number of initial jobless claims in the U.S. for the week ending June 28 was 233,000, lower than the expected 240,000. The previous value was revised from 236,000 to 237,000.
● Danske Bank: Bitcoin Rises to Three-Week High Due to Easing Macroeconomic Concerns and ETF Inflows
According to Jin Ten Data, analysts at Danske Bank stated that easing macroeconomic concerns and continuous inflows into ETFs boosted cryptocurrency sentiment, with Bitcoin rising to a three-week high. The trade agreement between the U.S. and Vietnam increased market optimism, with tariffs lower than expected. A weak ADP private employment report increased bets on Fed rate cuts, further supporting risk appetite. BlackRock's Bitcoin ETF and the new iShares Ethereum ETF rose, indicating strong institutional demand for cryptocurrencies.
According to PANews, Bitwise Chief Investment Officer Matt Hougan stated that inflows into the spot Ethereum ETF could accelerate significantly in the second half of 2025. He noted that net inflows into Ethereum ETFs in June alone reached $1.17 billion. As stablecoins and tokenized stocks migrate to the Ethereum network, interest from traditional investors is expected to further increase.
According to ChainCatcher, analyst Carmelo Alemán cited CryptoQuant data indicating a strong accumulation trend in Ethereum's on-chain data for June 2025. The cumulative address holdings reached 22.7465 million ETH, a 35.97% increase from the beginning of the month, with a record monthly purchase of 6.0184 million ETH. At the same time, Liquid Staking surpassed 35.56 million ETH, also a record high, with a monthly growth of 2.83%. Analysts believe this indicates that institutional investors are entering the market on a large scale, preparing for subsequent price increases.
