● U.S. May Core PCE Price Index Year-on-Year 2.7%, Expected 2.6%
According to Odaily Planet Daily, the U.S. May Core PCE Price Index year-on-year recorded 2.7%, higher than the expected 2.6%, marking the highest level since February 2025. The U.S. May Core PCE Price Index month-on-month recorded 0.2%, with the market expecting it to remain at 0.1%.
● Secretary of the Treasury Yellen: May reimpose reciprocal tariffs on 20 countries
According to Deep Tide TechFlow, on June 28, Secretary of the Treasury Yellen stated that she may reimpose reciprocal tariffs on 20 countries. If it is believed that the other party is negotiating in good faith, the tariffs for these countries may remain at 10%.
● Market Analysis: S&P 500 Index approaches historical highs but still faces key tests
According to Jin Ten Data, the S&P 500 Index is nearing historic highs, but with the earnings season approaching, the upward momentum's fundamentals are being tested. Wall Street expects second-quarter profits to grow only 2.8% year-on-year, the smallest increase in two years. Yardeni Research estimates that only 6 out of 11 sectors are expected to see profit growth, the least since the first quarter of 2023. Market watchers warn that the index's valuation is too high, needing a surge in earnings or significant interest rate cuts to justify it.
Technical analysts believe that without more sectors rising, the index may decline in the coming months. Alpine Woods Capital Investors' chief market strategist, Sarah Hunt, stated that there is a risk of a stock market rebound, with some sectors deteriorating or accelerating momentum over others.
● Arkham: BlackRock has purchased $1.15 billion worth of Bitcoin so far this week
According to Odaily Planet Daily, Arkham disclosed data on the X platform stating that BlackRock has purchased $1.15 billion worth of Bitcoin so far this week. BlackRock's Bitcoin holdings have reached a historic high of $77.7 billion.
According to Jin Ten Data, analysts at Dutch International Group, led by Francesco Pesole, pointed out that the risk balance shows that the dollar may continue to decline. Pesole stated that any reading below a month-on-month change of 0.1% would hit the dollar. The market is closely watching the subsequent speeches of Federal Reserve officials Kashkari, Williams, and Harker for signals of interest rate cuts.
● CryptoQuant Analyst: Assets are consolidating, altcoin accumulation potential is increasing
According to Foresight News, CryptoQuant analyst Axel Adler Jr. stated that as of June 27, the average monthly trading volume of altcoins was $1.6 billion, down from an annual average of $2.5 billion. This moderate flow indicates that assets are consolidating before the next altcoin boom arrives, and the accumulation potential is continuously increasing.
According to Wu Shuo, Ripple has decided to withdraw its cross-appeal in its case with the U.S. Securities and Exchange Commission (SEC). The court has rejected Ripple's settlement request with the SEC for the second time.
The agreement aims to reduce the fine amount to $50 million and revoke the permanent injunction against Ripple. Ripple ultimately chose to accept the originally planned $125 million civil fine, and the permanent injunction is expected to remain effective.
