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Musk criticizes Trump's tax cut plan, claiming it will lead to debt slavery | Binance Morning Report (June 6)
● [欧洲央行连续第七次降息，存款机制利率降至2%](https://www.binance.com/cn/square/post/25208197817914?utm_source=NewsRoundup&utm_medium=BinanceBUs&utm_campaign=MultichannelPromotion)
According to reports by Wu, the European Central Bank lowered the deposit facility rate by 25 basis points to 2%, in line with market expectations. This marks the seventh consecutive rate cut. The main refinancing rate is reduced from 2.4% to 2.15%, and the marginal lending rate is lowered from 2.65% to 2.4%.
● [特朗普批评美联储并提议取消债务上限，JPMorgan 允许加密 ETF 作为贷款抵押](https://www.binance.com/cn/square/post/25203033800018?utm_source=NewsRoundup&utm_medium=BinanceBUs&utm_campaign=MultichannelPromotion)
According to reports by Wu, QCP Capital analysis points out that despite the disappointing US ADP employment data and ISM index, risk assets remain resilient. Trump criticizes Federal Reserve Chairman Powell for not cutting interest rates and proposes to permanently eliminate the debt ceiling. Treasury Secretary Bessant introduces the 'Big Beautiful Bill' to support manufacturing and R&D tax incentives. JPMorgan allows crypto ETFs as loan collateral. BTC and ETH ETF inflows slow down but fundamentals remain solid. ETH continues to test the 200-day moving average, and the ETH/BTC exchange rate remains around 0.025, showing relative strength. Demand for $130,000 BTC call options expiring in September rises.
According to reports by Wu, the European Central Bank lowered the deposit facility rate by 25 basis points to 2%, in line with market expectations. This marks the seventh consecutive rate cut. The main refinancing rate is reduced from 2.4% to 2.15%, and the marginal lending rate is lowered from 2.65% to 2.4%.
● [特朗普批评美联储并提议取消债务上限，JPMorgan 允许加密 ETF 作为贷款抵押](https://www.binance.com/cn/square/post/25203033800018?utm_source=NewsRoundup&utm_medium=BinanceBUs&utm_campaign=MultichannelPromotion)
According to reports by Wu, QCP Capital analysis points out that despite the disappointing US ADP employment data and ISM index, risk assets remain resilient. Trump criticizes Federal Reserve Chairman Powell for not cutting interest rates and proposes to permanently eliminate the debt ceiling. Treasury Secretary Bessant introduces the 'Big Beautiful Bill' to support manufacturing and R&D tax incentives. JPMorgan allows crypto ETFs as loan collateral. BTC and ETH ETF inflows slow down but fundamentals remain solid. ETH continues to test the 200-day moving average, and the ETH/BTC exchange rate remains around 0.025, showing relative strength. Demand for $130,000 BTC call options expiring in September rises.
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