Market Outlook for Today
1. The Chicago PMI for June in the U.S. will be announced today, with a previous value of 40.5.
2. 2027 FOMC voting member, Atlanta Fed President Bostic speaks on the U.S. economic outlook.
3. The Monetary Authority of Singapore: unlicensed cryptocurrency service providers must cease providing cryptocurrency services to overseas customers by June 30.
4. The BNB Chain stablecoin transfer 0 Gas fee promotion will end today.
5. Across Protocol (ACX) unlocks approximately 100 million tokens, accounting for 22.61% of the current circulation.
6. Kamino (KMNO) unlocks approximately 229 million tokens, accounting for 10.44% of the current circulation.
7. Optimism (OP) unlocks approximately 31.34 million tokens, accounting for 0.67% of the current circulation.
Macro & Hotspots
1. The U.S. Senate voted to pass a procedural motion aimed at advancing the 'Big and Beautiful' bill. The U.S. Senate passed a procedural motion by a vote of 51 to 49, which aims to advance the large-scale tax and spending bill referred to as 'Big and Beautiful' by President Trump. After the procedural vote in the Senate, the likelihood of the bill passing in the coming days has increased. It is reported that after this procedural motion is passed, the large-scale tax and spending bill will go through readings, debates, amendment votes, and a final vote, expected to take several days, with the goal of being sent to the President for signing before July 4. The bill contains multiple provisions, exceeding 1,000 pages, primarily focusing on tax cuts and spending reductions. The bill will extend the corporate and personal tax cuts passed in 2017 during Trump's first presidential term, provide new tax deductions for tips, auto loans, and more, while increasing defense spending and providing more funding to combat illegal immigration.
2. BlackRock has increased its Bitcoin holdings for nine consecutive weeks, accumulating approximately 107,139 BTC. The Bitcoin exchange-traded fund (ETF) IBIT under BlackRock has increased its BTC holdings for nine consecutive weeks, with a total increase of approximately 107,139 BTC, including: an increase of 12,355 BTC this week, an increase of 11,678 BTC one week ago, an increase of 10,335 BTC two weeks ago, an increase of 616 BTC three weeks ago, an increase of 5,271 BTC four weeks ago, an increase of 22,359 BTC five weeks ago, an increase of 8,158 BTC six weeks ago, an increase of 10,415 BTC seven weeks ago, and an increase of 25,952 BTC eight weeks ago.
3. REX Shares announced that the Solana staking exchange-traded fund 'REX-Osprey SOL+Staking ETF' will be launched soon; this ETF aims to track the performance of Solana while generating returns through on-chain staking. It is claimed to be the first staking cryptocurrency ETF in the U.S. Additionally, Bloomberg senior ETF analyst Eric Balchunas disclosed on X platform that the U.S. Securities and Exchange Commission has not provided further comments, indicating they are ready for launch. Previously, REX Shares and Osprey Funds submitted applications to the SEC to launch Ethereum and Solana staking ETFs.
4. U.S. Congressional Budget Office: The Senate version of the 'Big and Beautiful' bill will increase debt by $3.3 trillion. The U.S. Congressional Budget Office states that the Senate version of the 'Big and Beautiful' large-scale tax and spending bill will increase U.S. debt by $3.3 trillion over the next decade, which is approximately $800 billion more than the version passed by the House of Representatives last month. The Congressional Budget Office estimates that the 'Big and Beautiful' bill will result in $36.2 trillion of federal debt. Additionally, the bill will lead to an increase of 11.8 million uninsured individuals by 2034, exceeding the 10.9 million uninsured individuals projected in the House-passed bill.
Market Trends
1. BTC short-term fluctuations, with mixed market movements; in the past 24 hours, liquidation totaled $226 million, primarily in long positions; smaller coins such as TAG MINT have surged, while Memecoin BANANAS31 has halved and led the decline; KAS AB has entered the top ten by transaction volume.
2. Last Friday, the Nasdaq and S&P 500 indices reached historical highs, European stocks rose; the Canadian dollar briefly fell by 0.9%; gold futures dropped below $3,250 per ounce at one point during Monday's Asian market.
3. In the liquidation map for BTC/USDT, based on the current 108,350 USDT, if it drops by 2,000 points to around 106,350, the total liquidation amount for long positions exceeds $430 million. If it rises by 2,000 points to around 110,350, the total liquidation amount for short positions exceeds $670 million. The liquidation amount for shorts is significantly higher than that for longs, suggesting reasonable leverage control to avoid triggering large-scale liquidations during market fluctuations.
4. In the past 24 hours, BTC spot inflows totaled $940 million, outflows totaled $830 million, resulting in a net outflow of $110 million.
5. In the past 24 hours, APT, MOODENG, ENA, WLD, APE, and other contract trades showed a net outflow leading, indicating potential trading opportunities.
