6.4 Today's Hot News:

1. The Trump administration suddenly announced that it would raise steel and aluminum tariffs to 50%, and the new regulations will take effect immediately on the 4th. Currently, China-US negotiations have stalled, and there has been no substantial progress in the EU-US trade consultations. The market expects that new tariff policies may be issued in the next 1-2 months.

2. The latest statements of Federal Reserve officials show that expectations for interest rate cuts continue to cool. Logan made it clear that the current focus is to achieve the 2% inflation target. Although Bostic maintains the position of "may cut interest rates once this year", the overall policy orientation is still hawkish, and market liquidity easing expectations have been frustrated.

3. South Korea's new President Lee Jae-myung officially took office. His previous position of publicly supporting cryptocurrency ETFs and stablecoin regulatory frameworks has brought favorable policy expectations to the Asian crypto market, and local Korean crypto companies may usher in new development opportunities.

4. MagicEden's "Trumpwallet" has caused controversy. Although the official registration link was released, Eric Trump quickly denied the connection.

5. Pump.fun plans to raise $1 billion at a valuation of $4 billion, and plans to launch the platform token within two weeks. If successfully issued, it may have a significant siphoning effect on market liquidity, and small and medium-sized market value tokens may face selling pressure.

6. After the MELANIA project reached a market-making cooperation with Wintermute, the team transferred 150 million tokens (worth $50 million), of which 20 million (US$6.6 million) have been transferred to the market maker account.

7. The SOL chain gambling project BallOnSolana fell after a single-day surge, and its market value fell from US$18 million to US$8 million.

8. The Base chain ecosystem continues to explode, and KTA's market value has exceeded US$1 billion, setting a record high, showing that the Layer2 track is nurturing a new generation of unicorn projects, and infrastructure tokens have been revalued by the market.

9. The BOB token on the BSC chain soared in a single day, and its market value exceeded US$50 million, reflecting the recovery of the Binance Smart Chain ecosystem, but attention should be paid to the sustainability risks of such small-cap tokens.

10. Circle's listing process has boosted regulatory expectations, and stablecoin legislation expectations have benefited the DeFi sector, with protocol tokens such as MKR significantly strengthening. As the compliance process progresses, top DeFi projects may see a revaluation.

11. Basechain leveraged trading platform Avantis completed an $8 million Series A financing round, led by Peter Thiel's fund. Institutional funds continue to invest in Layer2 financial infrastructure, showing that the decentralized derivatives track still has growth potential.