● U.S. Deputy Secretary of the Treasury: Some agreements will be reached before July 9
According to Deep潮TechFlow, on June 2, the U.S. Deputy Secretary of the Treasury stated that some agreements would be reached before July 9, and some trade agreements are expected to be finalized soon.
● Federal Reserve's Goolsbee says tariffs have limited economic impact
According to Deep潮TechFlow, on June 3, Federal Reserve's Goolsbee stated that the inflation reports received so far are excellent, and the direct impact of tariffs on the economy is surprisingly limited. It remains to be seen whether this will still be the case in the next month or two.
● Tariff concerns boost safe-haven demand, gold prices surge on Monday
According to BlockBeats, on June 2, gold prices surged 2% on Monday, due to the escalation of the Russia-Ukraine conflict and President Trump's threat to impose double tariffs on imported steel and aluminum, leading investors to turn to safe-haven gold. Trump stated last Friday that he plans to raise steel and aluminum tariffs from 25% to 50%, and the European Commission warned Europe is prepared to retaliate. Tim Waterer, chief market analyst at KCM trade, said trade and geopolitical concerns have surfaced, pushing gold prices higher at the open. With the upcoming second round of peace talks in Istanbul, hostilities between Ukraine and Russia escalated, with Ukraine launching bold attacks and Russia conducting nighttime drone strikes. Risk assets fell, and the dollar's decline supported gold prices.
● Strategy spends approximately $75.1 million to increase its holdings of 705 BTC
According to Odaily Planet Daily, market news shows that Strategy spent $75.1 million to increase its holdings of 705 BTC, with an average price of approximately $106,495.
● Strategy plans to issue 2.5 million shares of STRD preferred stock, intended for purchasing Bitcoin
According to Wu's report, Strategy (formerly MicroStrategy) announced plans to publicly issue 2.5 million shares of 10.00% Series A perpetual preferred stock (stock code: STRD). The funds raised will be used for general corporate purposes, including purchasing Bitcoin and working capital.
● Bank of America: Assets like Bitcoin and gold may benefit from a falling dollar
According to PANews, Bank of America stated that uncertainty in trade policy and high debt levels may continue to pressure the dollar. High-frequency data suggests that the economy may slow down, and the dollar may further decline this summer. Meanwhile, due to rising inflation expectations, the Federal Reserve may be unable to take significant action, and this trend may benefit dollar-denominated assets like gold and Bitcoin.
● UK-listed company IG Group launches cryptocurrency trading service
According to ChainCatcher, UK-listed company IG Group announced the launch of cryptocurrency trading services for retail investors, covering 31 digital assets including BTC, ETH, and XRP.
● Willy Woo: The market is in a liquidation hunt season
According to Odaily Planet Daily, trader Willy Woo stated that now is not a good time to bet on Bitcoin's rise. The market is in a 'liquidation hunt season,' with high leverage levels in the derivatives market. Woo pointed out that Bitcoin needs to first cleanse excessive 'casino speculators' before it can initiate the next round of new highs.
