6.28 Cryptocurrency Big Events:
1. TRUMP Coin Large Withdrawal:
Trump's team withdrew $6.77 million worth of TRUMP coins and over $370,000 in USDC stablecoins from the fund pool.
2. Japan-US Trade Negotiations:
Japan and the United States are discussing tariff issues, mainly aiming to reduce the high tariffs the US imposes on Japanese cars.
July 9 is the deadline for negotiations, which may be postponed or moved forward.
3. Cryptocurrency ETF Boom:
Ethereum ETF saw a net inflow of $77.44 million in one day.
Bitcoin ETF was even more aggressive, with a net inflow of $500 million, marking 14 consecutive days of capital inflow.
4. Ripple Lawsuit Conclusion:
Ripple has withdrawn its appeal against the SEC and is preparing to comply with the court's ruling, potentially ending a 6-year lawsuit.
5. Trump Fumes:
Due to Canada imposing a digital tax on US tech companies, Trump has halted all trade negotiations with Canada and threatened to impose tariffs.
He praised cryptocurrencies for creating jobs, alleviating pressure on the dollar, and being less susceptible to downturns than traditional assets.
He also called on the Federal Reserve Chairman to cut interest rates, saying he would send "tariff bills" to several countries.