ETF Inflows 🇺🇸 BTC: +$934.8 million 🚀 ETH: +$110.5 millio | Simple C on Binance Square

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ETF Inflows 🇺🇸BTC: +$934.8 million 🚀
ETH: +$110.5 million

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

108,967.15

-2.48%

ETH

2,564.94

-3.61%

2

0

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Stock markets in both Europe and the U.S. declined following President Trump’s tariff announcement. Bitcoin dropped below the $110,000 mark but is currently attempting a recovery. As usual, initial market reactions can impact Bitcoin, but tariffs typically do not have lasting effects on its price.

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The Smarter Web Company PLC, a UK-listed tech firm, has just acquired an additional 23.09 BTC at an average price of £80,126 ($107,424) per BTC. With this purchase, the company's total Bitcoin holdings have increased to 58.71 BTC, with a total investment of £4.54 million, translating to an average purchase price of £77,326 ($103,671) per BTC.

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Cetus DEX on Sui is currently offering a $6 million reward to the hacker if they return 20,920 ETH (worth over $55 million), along with the remaining frozen assets on the Sui blockchain. In return, Cetus has pledged not to pursue legal action, investigations, or disclose the hacker's identity, provided that all assets are fully returned.

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Austan Goolsbee, President of the Federal Reserve Bank of Chicago, stated that President Trump's new tariff threats—including a 50% tariff on EU goods and a 25% tariff on iPhones not made in the U.S.—have further complicated monetary policy and are likely to delay any interest rate cuts by the Fed. While he still believes that rates will decline in the long term, he emphasized the need for caution due to the risk of stagflation. Goolsbee remains optimistic that interest rates could fall significantly within the next 10 to 16 months, but he made no commitment to take action before the Fed’s next policy meeting on June 17–18.

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President Trump has just announced that he has asked Apple CEO Tim Cook to ensure all iPhones sold in the United States must be manufactured within the country, not assembled in India or any other nation. If Apple fails to comply, the company will face a tariff of at least 25% on each iPhone imported into the U.S.

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