Canada dropped plans to tax U.S. digital giants like Google and Meta.
Aimed at salvaging U.S. trade negotiations, showing how economic diplomacy still trumps taxation battles.
Could reduce tech sector risk and support equities like NASDAQ-linked tech giants.
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🔹 S&P 500 & Nasdaq Hit New Highs
Driven by cooling inflation and optimism about potential Fed cuts.
Tech megacaps and AI stocks continue leading the charge.
BTC also tends to benefit from strong risk-on equity flows.
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🔹 Senate Advances GOP Budget Bill
A major GOP-backed budget proposal is moving forward.
Includes defense, infrastructure, and hints at crypto-friendly policy pivots under a possible second Trump term.
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🔹 Fed Split on July Rate Cut
Dovish members support a cut as Core PCE slows to 2.6%.
Others want to wait for more data. Markets are pricing in a 65–70% chance of a cut in July.
BTC and risk assets are responding favorably to the dovish tilt.