1. Trump calls on social media for Federal Reserve Chairman Powell to lower interest rates. He pointed out that ADP data has already been released, Europe has lowered rates nine times, and Powell should act immediately. #InterestRateCutExpectations
2. U.S. Secretary of Commerce Raimondo stated that the U.S. will not remove tariffs and trade barriers with other countries.
3. Circle sets the price of its IPO at $31 per share, raising $1.1 billion and reaching a valuation of $6.2 billion.
4. BlackRock (iShares Ethereum Trust) has purchased 214,000 ETH since May 11, valued at $560 million. Despite the price of ETH fluctuating between $2,500 and $2,700.
5. The Ethereum Foundation announced its financial policy, aiming to reduce operating expenses to 5% of the long-term standard in five years.
Market trends
1. The volatility of BTC intensifies, with a short-term decline; in the last 24 hours, over 217 million were liquidated, mainly long positions; the new coin LA retraced before rising, the popular IP LABUBU leads the declines on the platform, the market shows mixed movements.
2. U.S. economic data is weak, expectations for rate cuts soar, the Dow ends with four weeks of gains; shares of Chinese companies rise by 2%; the dollar returns to lows, oil prices fell by approximately 2%.
3. In the BG BTC/USDT liquidation map, based on 104,715 USDT, if it falls 2,000 points to about 102,715, the total amount of liquidations of long positions will exceed 660 million dollars. If it rises 2,000 points to about 106,715, the total amount of liquidations of short positions will exceed 530 million dollars. The amount of liquidations of long positions is greater than that of shorts, it is recommended to reasonably control the leverage ratio to avoid massive liquidations during market changes.
4. In the last 24 hours, BTC had an inflow of $14.8 billion and an outflow of $15.4 billion, with a net outflow of $600 million.
5. In the last 24 hours, trading of BTC, ETH, DOGE, SOL, PEPE contracts, among others, leads in net outflow, or there may be trading opportunities.
