The pancake has shrunk and is consolidating, Er Gou and San Ge are surging, The top of the wave is about to appear, When will this final stretch come?!
The cunning main force is starting to act rogue again, significantly tightening liquidity, allowing for price fluctuations at will, on one hand a downward trend, on the other hand an upward trend, boiling the frog in warm water!
There is a space to go long with thousands of knives, there is also a space to go short with thousands of knives, and several hundred of those knives can be completed in a short time, falling asleep while watching the market, not watching the market means missing the points, and also having to guard against it quietly completing a reversal!
Musk calls on the American public to help "kill" Trump's tax cut plan.
On June 4 local time, Elon Musk intensified his attack on Trump's tax cut plan, urging the American public to contact their legislators to "kill" the proposal. Musk stated on social media that "bankrupting America is wrong."
Musk had previously criticized the plan, stating that Trump's "big and beautiful" proposal undermines his efforts to cut costs in the efficiency department and would increase the budget deficit. Russell Vought, director of the Office of Management and Budget (OMB), responded to these comments by saying that the plan would not increase the deficit nor harm the debt.
On May 22 local time, the Republican-majority House of Representatives narrowly passed a "big and beautiful" tax and spending bill proposed by the Trump administration. The bill will next be submitted to the Senate for review. Critics warn that the bill would severely harm healthcare policy and significantly increase federal debt. It is reported that the plan aims to cut taxes by $4 trillion over the next 10 years and reduce spending by at least $1.5 trillion.
Federal Reserve Chairman Powell meets with President Trump, did not discuss monetary policy expectations
On May 29 local time, the Federal Reserve issued a statement saying that at the invitation of the President, Federal Reserve Chairman Powell met with Trump at the White House to discuss economic development issues including growth, employment, and inflation.
The statement indicated that Powell did not discuss his expectations for monetary policy, but emphasized that the policy path would entirely depend on the economic information to be released soon and its impact on the economic outlook.
Powell stated that the Federal Reserve's decision-making body, the Federal Open Market Committee, would formulate monetary policy in accordance with the law to support employment and stable prices, and these decisions would be made based solely on prudent, objective, and non-political analysis.
Later that day, White House Press Secretary Levitt confirmed that the two had met. She added, "The President indeed mentioned that he believes it is a mistake for the Federal Reserve Chairman not to lower interest rates."
Trump has previously frequently 'bombarded' Powell on the issue of interest rate cuts, calling him 'stupid' and 'a big loser', and even threatened to remove him from office. Powell maintained silence in the face of criticism, only pointing out that Trump's request for him to resign was 'illegal'.
$BTC $ETH $SOL A hunting event is about to unfold! The big one is coming! Is the top coming?
Trump Media Company (TMTG) plans to raise $2 billion through a new stock issuance and $1 billion through convertible bonds, with no less than $3 billion allocated for purchasing Bitcoin and other crypto assets.
This financing plan is set to be announced this week before a large cryptocurrency conference in Las Vegas (both little Trumps and Vice President Vance will speak).
With Trump's cunning, it's impossible to buy Bitcoin at such a high position around $110,000, so the most likely scenario is to use influence to drive the price up, then crash it down, thereby acquiring cheaper chips!
These past few days have been really exciting, Although the range isn't very large, V back and forth, Finally, it's not a sleepy market.
After a second test, The result was a historical new high, Very surprising, And I can't help but marvel, One must always have a sense of awe for the market.
108000 is getting closer, those risk accounts must be restless!
To the short sellers, why let your liquidation point be so close, forcing the price to rise.
Don't get too invested, there's no position that can't be reached, your holding will only end in zero! The so-called bottom line is your liquidation point!
Second Impact Coming?! U.S. Treasury Secretary Warns: If Trade Agreement Is Not Reached, 'Liberation Day' Tariffs May Return!
Recently, the U.S. has reached trade agreements with the UK and China, significantly easing global trade tensions. However, uncertainty surrounding tariffs still lingers.
On Sunday local time, U.S. Treasury Secretary Bessent warned that some U.S. trading partners may soon face a substantial increase in tariff rates again.
Bessent stated in a media interview that if countries do not negotiate 'sincerely' before the expiration of the tariff suspension period in early July and fail to reach a trade agreement, tariff rates will soon revert to 'Liberation Day' levels.
U.S. President Trump announced a series of 'reciprocal tariffs' on April 2 and referred to that day as 'Liberation Day.' He subsequently delayed the implementation of these tariffs for 90 days, during which only a 10% baseline tariff was imposed.
Trump indicated last Friday that in the next two to three weeks, the U.S. may unilaterally set new tariff rates for many trading partners, claiming that the U.S. lacks the ability to reach agreements with all trading partners through negotiations. He also mentioned that Treasury Secretary Bessent and Commerce Secretary Luthnick will send letters to some trading partners informing them of how much they need to pay to do business in the U.S.
Bessent stated, 'If you do not want to negotiate, then (the tariff level) will revert to the level it was on April 2.' He also pointed out that the tariff rates faced by many countries are far higher than the current 10%.
Bessent further stated that, with few exceptions, countries have proposed 'very good offers,' expressing a desire to lower tariffs and reduce non-tariff barriers.
He also mentioned that the current focus for the U.S. is to reach agreements with 18 'important' trading partners.
Bessent acknowledged that U.S. consumers may feel the impact of tariffs imposed by the Trump administration.
Regarding Walmart's price increase plan announced last week, Bessent stated that he had a direct conversation with Walmart CEO Doug McMillon last Saturday. He mentioned, 'Walmart will bear some of the tariffs, and some tariffs may be passed on to consumers.'
America's largest cryptocurrency exchange Coinbase faces a data breach crisis, with losses potentially reaching $400 million; how to ensure cryptocurrency security?
On May 15 (Thursday) Eastern Time, Coinbase, the largest cryptocurrency exchange in the U.S., disclosed that cybercriminals bribed its overseas customer service personnel to steal customer data in order to carry out social engineering attacks. According to Coinbase's preliminary estimates, the total costs and customer compensation resulting from this incident could range from $180 million to $400 million. Coinbase stated in the filing, 'As the company is still conducting an investigation, the full impact of the incident has yet to be determined.' Additionally, law enforcement has intervened in the investigation. This is the second major security breach at a well-known cryptocurrency exchange globally since Bybit experienced the largest hacking attack in history last February. As a result, Coinbase's shares plummeted 7.2% on Thursday, with a market value evaporating by $4.8 billion in a single trading day.
This data will determine the direction of today's market, It is highly likely to exceed expectations, With the trade war being fought this way, Unemployment is bound to surge! Even if the current data is good, The future will definitely be bad!
This market has been waiting for a surge in US stocks for the 8th day, The underperforming US stocks are continuously climbing up the tree, The market has become so stagnant that it has lost its temper.
Comrade Jianguo's manipulative tariff actions, Have turned the global financial market upside down, How will this mess be resolved?
Lies are being punctured one by one, No one is offering a ladder, We can only find a way down ourselves.
Recently, Comrade Jianguo, who is in a dire situation, Doesn't have time to call shots in the crypto circle, Causing Bitcoin to fluctuate slightly, With no good narrative, When will this sideways trend come to an end?
Institution predicting Bitcoin's trajectory in 2024 waves the flag again: Q2 breaks $120,000, reaching $200,000 by year-end
Standard Chartered, which is bullish on Bitcoin and other cryptocurrency assets in the long term, predicted on Monday that the price of Bitcoin (BTC-USD) could break the $120,000 mark in the second quarter, setting a new historical high and significantly boosting bullish sentiment in the crypto space.
The core logic behind Standard Chartered's continued support for the Bitcoin bull market is the substantial deterioration of confidence in holding dollar assets, as global funds are widely reconfiguring from dollar-denominated assets to other currency assets, along with several technical indicators signaling bullish momentum for Bitcoin.
It is worth noting that Standard Chartered has accurately predicted the unprecedented bull market trajectory for Bitcoin in 2024, having long bet last year that the price of Bitcoin would break the $100,000 barrier by the end of 2024. Bitcoin ultimately exceeded $100,000 in December, setting a new historical high.
This bullish target from Standard Chartered suggests a potential upside of about 25% compared to the current Bitcoin price. The bank also forecasts that by the end of 2025, the price of Bitcoin will leap to the historical level of $200,000, implying that the Bitcoin price is expected to rise about 65% from the Q2 target by the end of this year, and is a full 110% higher than current levels.
Geoff Kendrick, an analyst at Standard Chartered who accurately predicted Bitcoin would break the $100,000 mark in 2024, wrote in a recent report to clients that a significant driving force behind the bullish sentiment comes from the U.S. Treasury term premium (UST term premium)—a metric closely related to Bitcoin's movements—currently at its highest level in 12 years. The term premium typically refers to the extra yield that investors require for holding long-term U.S. Treasury bonds compared to short-term bonds.
This long-term bullish analyst also pointed out that the “whales” in the crypto space (i.e., large holders) are significantly increasing their Bitcoin holdings. Earlier, the largest corporate Bitcoin holder, MicroStrategy (now known as Strategy, founded by Michael Saylor), disclosed another week of Bitcoin accumulation.
MicroStrategy spent $1.42 billion last week to increase its holdings by 15,355 bitcoins at an average purchase price of $92,737.
According to the Form 8-K filed by MicroStrategy with the SEC, the company purchased 15,355 bitcoins between April 21 and April 27, 2025, with a total expenditure of approximately $1.42 billion and an average purchase price of $92,737.
As of April 27, MicroStrategy holds a total of 535,555 bitcoins, with a cumulative purchase cost of approximately $37.9 billion and an average price of $68,459.