Introduction:
1. Yesterday, U.S. stocks resumed rising due to the smooth phone call between Chinese and U.S. leaders, then fell due to the quarrel between Musk and Chuanzi, with Tesla down 14.26%.
Need to closely monitor KILLBILL tokens and whether Musk will issue a coin.
2. Recently, many official subsidies have appeared in Binance wallets, and a consolidation is expected today.
3. Today we need to closely monitor unemployment rate data and non-farm data.
4. 24-hour liquidation of 969 million, with long positions liquidated at 881 million.
5. Circle's stock price once exceeded 100. Finally closed at 83.39.
1. Macroeconomic Market
(1) Traditional Market
1. U.S. Stocks: Nasdaq down 0.83%, S&P down 0.53%, Dow down 0.25%
2. U.S. Treasuries: U.S. Treasury yields continued to decline after the initial jobless claims and international trade data were released, then rebounded by 0.78%.
3. U.S. Dollar: Fell to 98.7, briefly dropping to 98.35.
4. Gold: High-level oscillation reported at 3359.
5. The European Central Bank lowered interest rates by 25 basis points to 2%, in line with market expectations, marking the seventh consecutive meeting of rate cuts.
Need to closely monitor today's unemployment rate and non-farm data releases.
(2) Policy Trends
1. The Federal Reserve's interest rate cut probability continues to rise to 30.4% in July.
2. Other policy-related matters
(1) Truth Social (Trump Media Group) Bitcoin and Ethereum ETFs registered in Nevada. The stock price fell over 8% due to the quarrel between Musk and Chuanzi.
(2) The phone call between the Chinese and U.S. leaders went smoothly
Trump stated that U.S.-China relations are very important, and the Geneva trade talks were very successful.
The Chinese side stated: The U.S. should withdraw the negative measures imposed on China
(3) The analysis report released by the U.S. Congressional Budget Office on Wednesday shows that the Trump administration's massive global tariff plan will reduce the federal deficit by $2.8 trillion over the next 10 years, but it will also lead to slower economic growth, rising inflation rates, and overall weaken the purchasing power of American households. Tariffs will raise the annual average inflation rate by 0.4 percentage points.
(3) Musk and Chuanzi conflict wave.
1. Due to the conflict between the two, related tokens have shown significant volatility.
Musk Concept: Doge down 9.07%, Tesla down 14.26%; KILLBILL surged to 11 million.
Chuanzi Concept: djt decreased by 8.04%
If the conflict escalates further, KILLBILL is expected to have more room for growth.
Note: We need to pay attention to whether Musk will issue a coin; it may also continue to operate KILLBILL.
2. Musk claims
(1) Reposted a discussion tweet about 'Trump should be impeached and replaced by JD Vance' and commented, 'Yes.'
(2) Appeared in Epstein's documents (Epstein was charged with sex trafficking and sexually assaulting minors; he was accused of running a sex trafficking network involving celebrities, wealthy individuals, and political figures).
(3) Initiated a voting campaign: 'Is it time to create a new political party in the U.S. that truly represents the middle 80% population?'
(4) Trump is so ungrateful; without me, Trump would lose the election, the Democrats would control the House of Representatives, and the Republicans' seats in the Senate would drop from 51 to 49.
3. Chuanzi claims
(1) Musk, I'm tired of him; I got him out; I canceled the mandate for everyone to buy unwanted electric cars (he knew I was going to do this months ago!), and then he went crazy!
(2) Very disappointed in Musk; could win Pennsylvania without him.
2. Market Review
1. Market data: 24-hour liquidation of 969 million, with long positions liquidated at 881 million.
2. Stablecoins outflowed 300 million, USDT inflow 113 million, USDC outflow 398 million.
3. ETF data: On June 5, without BlackRock data, BTC ETF outflow was 278 million, ETH ETF outflow was 23.4 million.
4. Institutional Dynamics
(1) The stablecoin giant Circle went public, causing fluctuations in Chinese-funded concept stocks. Among them, Everbright Holdings, which invested in Circle as early as 2016, saw its stock price rise significantly recently. Even earlier, in 2015, IDG Capital led its Series C financing; Circle's Series D was almost entirely dominated by Chinese-funded backgrounds, including Baidu, Wanxiang Group (now HashKey's parent), Yixin, and other well-known institutions.
(2) Circle once exceeded 100. Finally closed at 83.39.
(3) U.S. listed company ATIF Holdings Limited (ZBAI) announced plans to accumulate 1,000 Bitcoins through direct purchases and mining operations over the next five years.
3. Industry Hotspots
1. After the LA gate incident
(1) Binance will launch the LA U perpetual contract, with a maximum leverage of 50 times.
(2) Upbit added LA BTC, USDT trading pairs.
4. Alpha
1. Pump.fun valued at $4 billion, raising $1 billion, igniting risk-averse sentiment.
Tokens like fartcoin have been severely drained, and the overall liquidity of the sol meme has further declined.
[Opportunities can be closely monitored for blood-sucking tokens, which may have rebound opportunities]
2. Finally, handling of the gate incident.
(1) User profits can be withdrawn
(2) The amount liquidated by users will not be compensated; the amount of the breach will be borne by gate.
(3) Gate said this amount exceeded 30 million dollars.
3. Binance recently officially launched the 'Small Coin Liquidity Enhancement Program', attracting market makers to participate actively through a negative fee incentive mechanism (with a maximum rebate of -0.01%), fully enhancing the liquidity and trading activity of small coins on the platform.
Binance has now completed the Doodles (DOOD) airdrop distribution for users holding Mubarak (MUBARAK), CZ'S Dog (BROCCOLI714), Test (TST), Baby Doge Coin (1MBABYDOGE), and Koma Inu (KOMA) tokens on the platform and in wallets.
