On Monday, U.S. stock indices opened, with the Nasdaq rising 0.11% during the session, the S&P 500 decreasing 0.1%, and the Dow Jones falling 0.35%. Gold increased by 2.6% to $3,376 per ounce. Federal Reserve Governor Waller stated that the prospects for interest rate cuts depend on the slowing of inflation and whether tariff measures remain in the lower range, and the “good news” is that rate cuts may still be possible later this year.

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On May 29, 2025, the U.S. Securities and Exchange Commission (SEC) Division of Corporate Finance issued a statement clarifying that three types of staking activities on proof-of-stake (PoS) networks do not constitute securities offerings and sales under the Securities Act of 1933 and the Securities Exchange Act of 1934. The three types of staking forms covered include staking of node operators' own assets, self-custodied staking, and staking by custodial institutions on behalf of clients. New York City Comptroller Brad Lander dismissed Mayor Eric Adams' proposal to issue BTC-backed municipal bonds. Brad Lander, along with the Mayor's Office of Management and Budget, is responsible for bond issuance, stating that New York City will not issue BTC-backed bonds during his tenure, as the stability of cryptocurrencies is insufficient to fund the city's infrastructure, affordable housing, or schools. At the ETHGlobal Prague conference, ETH founder Vitalik stated that ETH plans to increase its L1 scale by approximately tenfold within a year, then take a “breather” before the next leap. Japanese listed company Metaplanet CEO Simon Gerovich stated that he acquired 1,088 BTC for about $117.3 million, bringing his total holdings to 8,888 BTC. El Salvador recently increased its holdings by 8 BTC over the past week, bringing its total to 6,194.18 BTC.

SharpLink Gaming submitted Form S - 3 ASR to the U.S. Securities and Exchange Commission and signed an ATM sale agreement with A.G.P. Under this agreement, common stock worth up to $1 billion can be issued and sold through A.G.P., with most of the proceeds aimed at acquiring ETH. Analyst Rachael Lucas noted that BTC prices are at a critical psychological and technical point, which may determine the success or failure of the bull market. Indicators such as RSI and MACD show that strong bullish momentum may have weakened at least temporarily, while the long-term outlook remains optimistic and may be in the early stages of a new super cycle. BTC's connection to traditional financial markets is tightening, making it more sensitive to economic data, comments from U.S. and European central banks, and geopolitical risks. Bloomberg reported that South Korea will hold election voting on Tuesday, and regardless of the election results, the crypto industry will benefit, as two popular candidates, Lee Jae-myung and Kim Eun-soo, have promised to ease regulations and expand access to digital assets. The Bank of Korea released data indicating that as of the end of last year, the total value of cryptocurrencies held by Koreans was approximately $74.5 billion. According to Coinshares weekly data, net inflows into digital asset investment products last week were $286 million, bringing the total over seven weeks to $10.9 billion. Last week saw a surge in ETH inflows, reaching $321 million. As of May 31, U.S. BTC spot ETFs held a total of 1.2056 million BTC, with BlackRock's IBIT leading at 660,800, and Fidelity's FBTC and Grayscale's GBTC following with 198,000 and 186,600 BTC respectively.

Strategy again increased its holdings by 705 BTC last week, with Strategy founder Michael Saylor stating that there is no cap on the BTC accumulation plan. As prices continue to rise, the difficulty of accumulating BTC in the future will grow exponentially, but Strategy will accumulate BTC with greater efficiency. GameStop CEO Ryan Cohen views BTC as a hedge against dollar depreciation, stating that if BTC ultimately becomes a hedge against dollar depreciation, it still has more upside potential. In the past 12 years, BTC has seen 6 instances of gains and 6 instances of losses in June, with the largest gain occurring in June 2016 at a monthly increase of 27.14%, and the largest loss occurring in June 2022 at a monthly decrease of 37.28%. Federal Reserve Governor Waller stated that the impact of tariffs on inflation may peak in the second half of 2025, and tariff measures will drive up U.S. unemployment rates, posing downside risks to the economy and job market, while inflation faces upside risks. The prospects for interest rate cuts depend on the slowdown of inflation and whether tariff measures remain in the lower range, and the “good news” is that rate cuts may still be possible later this year. Derivatives market traders predict that the Federal Reserve will remain on hold until September, followed by “rapid and significant rate cuts.” Mellon Investment Chief Economist Vincent Reinhart stated that by June next year, the market expects the benchmark interest rate to drop sharply by 100 basis points to the range of 3.25% - 3.5%. This view suggests that the Federal Reserve will urgently shift to growth protection despite inflation concerns.

Cointelegraph reported that investors are struggling to cope with the changing macroeconomic environment, with cryptocurrency investors closely monitoring U.S. tariff negotiations for any signs of a potential lasting trade agreement. Analysts predict that if an agreement is reached, it could provide upward momentum for altcoins and BTC. On Monday, U.S. stock indices opened, with the Nasdaq rising 0.11% during the session, the S&P 500 decreasing 0.1%, and the Dow Jones falling 0.35%. Gold increased by 2.6% to $3,376 per ounce, BTC fell 0.4%, and ETH rose 0.9%. Bank of America warned that U.S. tariffs have a more significant negative impact on the U.S. economy and the dollar, predicting that economic data will be weak. JPMorgan CEO Jamie Dimon warned that cracks in the U.S. bond market are inevitable. The 1-year U.S. credit default swap (CDS) rose to 52 basis points, close to the highest level since 2023. The debt ceiling crisis has never truly been resolved, and the risk of U.S. government default is rising. The dollar and U.S. bonds are depreciating, while gold continues to hit new highs. Recently, BTC has also experienced new highs, taking a breather while waiting for the next wave of market movements driven by Trump tariffs or Federal Reserve news. The Federal Reserve's tightening path is ultimately hard to sustain; the timeline for monetary easing has been pushed from June to July and then to September, but the outcome of rate cuts will not change, indicating a potential rate cut scenario. Wishing for a smooth summer.