July 1, 2025

As Trump once again puts pressure on the Federal Reserve, Powell's speech tonight becomes the focus, alongside the June non-farm report released on Thursday.

RWA sector surges + Federal Reserve rate cut expectations heat up.

Goldman Sachs advances its rate cut forecast to September.

The likelihood of a rate cut in September rises from 60% to 90%.

Bostic: Expects one rate cut this year, three next year, excludes the possibility of a rate hike.

Trump fiercely criticizes Powell, hints at replacing the Federal Reserve chairman.

Bitcoin spot ETF sees net inflows for 15 consecutive trading days, total inflow amounting to nearly $5 billion.

BTC ETF net inflows remain flat, ETH ETF adds $25 million.

MicroStrategy purchases an additional 4,980 BTC (average price $106,800), total holdings reach 597,000 BTC.

Lion Group Holdings spends $5 million to buy HYPE, SOL, and SUI tokens.

A newly created wallet spends 7,980 SOL to buy 1.08 million Fartcoin.

Summary: Institutions only buy coins with good liquidity.

- OKX will delist 6 spot trading pairs including $X, $BSV (effective July 7).