BTB-Luis

The latest Reuters/Ipsos poll shows that Trump's national approval rating has fallen to 41%, a new low for his current term. Public dissatisfaction continues to rise, especially regarding economic, immigration, and foreign policy issues.

Only 39% of respondents approve of his handling of the economy, and support for his immigration policies has dropped from 47% in May to 44%. Additionally, only 32% of Americans support his military actions against Iran, while nearly half explicitly oppose them.

More seriously, his support is rapidly eroding among key states and Latino voters. Protests are also spreading, with millions taking to the streets for the "No Kings Day" action on June 14 alone.

Although he still holds a dominant position within the Republican Party, the resistance he faces on the road to re-election will only grow stronger.

#以色列伊朗冲突

The Strait of Hormuz is no longer Iran's lifeline, because it has China.

The Iranian parliament has passed a bill to close the Strait of Hormuz for the first time, causing global anxiety. But many people overlooked a key background:

90% of Iran's oil exports are now directly sent to China.
In May 2025, China helped Iran complete a cross-border oil railway, bypassing the strait and connecting directly to Xinjiang.

In other words, Iran has long been prepared for the 'closure of the strait.' It is not cutting off its own lifeline, but rather only cutting off the lifeline of the West.

Why is this considered a strategic reversal?

From 'being blockaded' to 'being the one applying pressure'

In the past, the West would often threaten to blockade the Strait of Hormuz, choking Iran's oil and gas lifeline. Now, Iran is turning the tables:
I can close it without issue, can you hold on?

The strategic binding between China and Iran has deepened.

With the railway operational, the channel for 'decoupling from the dollar' and 'decoupling from the West' in terms of energy has officially formed. Iran can export oil, and China can afford to buy oil; the dollar and the Strait of Hormuz are no longer essential.

What truly makes the global market panic is being locked.

For countries like Europe, the U.S., Japan, South Korea, and India, which still rely on maritime routes, a blockade of the strait would mean a cliff in crude oil supply, and energy prices could rise for several months.

Iran is not closing the strait for its own sake; it is using the 'strait' as a card to pressure the West, launching an economically strategic nuclear bomb under the confidence of the new China-Iran energy corridor.

The strait may be blocked, but Iran is no longer suffocating. What is truly at risk of suffocation is the nerves of the global market.

#以色列伊朗冲突

The US and Israel jointly strike Iranian nuclear facilities, and everyone is concerned about whether this war can last long.

Advantages:
• Completely block Iran's nuclear program;
• Strike Iranian proxies and weaken influence;
• Establish deterrence, making negotiations more convincing.

Disadvantages:
• More money than people, can't sustain long-term;
• Israel faces multiple threats, under great pressure;
• Iran will engage in "proxy wars," causing continuous troubles;
• International public opinion and market fluctuations create immense pressure.

In summary: Winning is not a problem, but being able to afford and manage it is crucial. Neither the US nor Israel wants to turn this into another bottomless pit like the "Russia-Ukraine" situation.

#以色列伊朗冲突

After several days of strategic deployment and intelligence assessment, U.S. fighter jets launched a surprise attack on three key nuclear facilities within Iran at dawn today—Fordow, Natanz, and Isfahan. It is reported that the bombing focused on the deeply buried Fordow nuclear enrichment center, with a bomb density and scale far exceeding previous operations.

Trump announced grandly on social media: "All planes have successfully returned, Fordow has been heavily struck, congratulations to our warriors! No other army in the world can achieve this."

This strike marks the formal entry of the United States, moving beyond merely behind-the-scenes operations or diplomatic rhetoric, and demonstrating its position through direct military action. Analysts believe that this is not only a clear containment of Iran's nuclear program but also strong support for Israel's solitary fight.

Iran has yet to issue an official statement, but Tehran has entered a state of highest alert, with communications disrupted in multiple areas and military radars fully activated.

The U.S. intervention indicates that the rules of the game are being rewritten. The Middle East, this powder-keg region, may be on the brink of a new wave of intense turmoil.

$BTC

According to Bloomberg, the Genius Act was passed in the U.S. Senate with a result of 51 votes in favor vs. 23 votes against. This means that stablecoins will gain a clear regulatory framework, and mainstream stablecoins like USDC and USDT will officially enter a new era of "legality and compliance".

#美联储FOMC会议

Recently, Israel's strikes on Iran have caused significant fluctuations in the market. Everyone knows that wars create tension, leading to volatility in the stock market, oil prices, and gold. However, what the market truly fears is not the war itself but the rising uncertainty.

When the Russia-Ukraine war first broke out, the market was indeed chaotic, with gold and Bitcoin rising rapidly while the stock market fell sharply. But after a few months, people gradually adapted to the new situation, and the risks began to be digested, allowing the market to seek balance.

Now, although Israel and Iran have not fully engaged in war, the tense situation has raised concerns, especially about the potential for this conflict to escalate and impact vital global energy routes, causing oil prices to surge and increasing inflationary pressures, making the Federal Reserve's policies harder to predict.

Thus, what the market fears is actually the growing uncertainty; people do not know what will happen next, leading to increased tension and disorder.

However, as regulatory frameworks in various countries gradually come into effect, the compliance environment for Bitcoin is becoming increasingly clear, injecting more confidence into the market. The widespread use of stablecoins like USDC makes the flow of funds in the crypto market safer and more stable, serving as an important foundation for Bitcoin trading and applications. At the same time, the Bitcoin ETFs offered by large financial institutions provide ordinary investors and institutions with more convenient and regulated investment channels. The entrance of major companies and policy support together stabilize Bitcoin's long-term value, with its future development potential continuously being released.

$BTC

Vietnam—Starting from Demand, Steering Towards the Crypto Fast Lane

While global crypto policies are still largely in a wait-and-see phase, Vietnam has taken a crucial step forward. In June 2025, Vietnam officially passed the Digital Technology Industry Law, recognizing the legal status of crypto assets and clarifying regulatory classifications and future directions. Although stablecoins and central bank digital currencies have not yet been included in the regulatory framework, this law marks the transition of Vietnam's crypto ecosystem from the 'gray area' to a compliant pathway.

Vietnam's swift progress is backed by a compelling logic:
• Strong market demand: Remittances, inflation resistance, and a large unbanked population make cryptocurrency a real choice.
• Flexible institutional response: With a centralized government and high legislative efficiency, policies can be quickly adjusted to seize opportunities.
• Clear ambitions for the digital economy: Attracting foreign investment through compliance, promoting local technology, and energizing blockchain entrepreneurship.

Currently, Vietnam has over 17 million crypto users, with crypto remittances reaching $16 billion in 2024, making it one of the most active crypto markets globally. As the tax system is implemented, platform pilots are launched, and anti-money laundering mechanisms are gradually improved, Vietnam is reserving space for new areas like stablecoins.

Crypto is not a 'multiple-choice question' for Vietnam but rather a 'survival question' that captures technological leaps and addresses real-world issues. This emerging market is redefining the crypto landscape in Asia with speed and openness.

#越南加密政策

Japanese listed company Metaplanet has bought Bitcoin again!

This time they purchased a total of 1,112 BTC in one go, officially surpassing a total holding of 10,000 BTC, becoming one of the top ten Bitcoin holding companies in the world, and it's not an exaggeration to call them the "Japanese version of MicroStrategy."

The funds for the purchase came from a new round of convertible bond financing, amounting to as much as $117 million.

The current holding's market value exceeds $1 billion.

The company's goal is to hold 210,000 BTC in the future, accounting for 1% of the global total.

Against the backdrop of the Bank of Japan maintaining an ultra-loose policy and the continued depreciation of the yen, Metaplanet is using Bitcoin to "insure" itself.

#Metaplanet增持比特币

According to the latest financial disclosure documents released by the U.S. Office of Government Ethics, President Donald Trump earned over $57.35 million in income over the past year through his family-affiliated cryptocurrency company World Liberty Financial, making it his largest single source of personal income.

The platform named World Liberty Financial had not been widely reported before, but the disclosure documents indicate that Trump's equity holdings and related income made him one of the company's largest beneficiaries.

In addition to cryptocurrency income, Trump also earned seven-figure incomes through a range of branded merchandise, including:
• "Saving America" coffee table book: $3 million
• "Trump Sneakers & Fragrances": $2.5 million
• Trump brand watches: $2.8 million
• "45 Guitars": approximately $1.05 million
• "The Greenwood Bible": approximately $1.3 million

These products are centered around Trump's personal brand or political image and are marketed to his supporter base. Starting in 2024, the Trump brand's "NFT sneakers" sparked significant market speculation, becoming one of the representative cases of commercializing political influence.

Additionally, the documents show that Trump received over $700,000 for speaking engagements, and his stock and bond investments spanned 145 pages of asset details, showcasing his continued active financial investment behavior.

This lengthy 234-page financial report has once again sparked public controversy regarding "politicians' involvement in crypto assets and brand economics." On one hand, Trump leveraged his vast supporter base to build a highly consumable personal brand matrix; on the other hand, the blurred lines between cryptocurrency income and political identity have raised questions about potential conflicts of interest or regulatory loopholes in his business operations.

$ETH

The University of Michigan Consumer Confidence Index for June in the United States has been released, with an initial value of 60.5. This is not only significantly higher than the market expectation of 53.5 but also a noticeable rebound from last month's 52.2. In simple terms, consumers feel much better about the economy.

In the past few months, this index had been hovering at a low level, and everyone was quite pessimistic about the economic outlook. Now that it has suddenly jumped up, it indicates that many people are starting to worry less about employment, income, or inflation and are willing to spend and take risks with their spending.

This data could also influence the Federal Reserve's upcoming actions. If confidence has returned, along with inflation not dropping too quickly, the hope for an interest rate cut in September might need to be questioned.

In short, this is "unexpectedly good news," but it may not necessarily be favorable for the stock market—after all, the expectation for rate cuts might be pushed back.

$BTC

On the morning of June 13, 2025, multiple international media outlets simultaneously reported significant news:

Al Jazeera reported that multiple loud explosions were heard in Tehran, the capital of Iran, and the site is suspected to have been subjected to airstrikes or missile attacks.
Channel 12 in Israel had previously reported that Israel launched a preemptive strike against Iran, and the operation may fully unfold over the weekend.

The U.S. official stance is somewhat subtle, stating that it will not participate in direct strikes but will provide defensive and intelligence support. The U.S. had previously evacuated some of its military and diplomatic personnel stationed in Iraq.

#美国加征关税

Recently, Ant Group has been quite active. Its subsidiary 'Ant International' plans to apply for stablecoin licenses in Hong Kong, Singapore, and Luxembourg - this is the first time a major domestic company has so openly 'entered the arena'.

In fact, it has already quietly conducted pilot programs. For example, it previously collaborated with Singapore's DBS Bank on something called 'Treasury Token', which essentially allows internal fund transfers within companies to be 'on-chain', reducing the time for transactions from several days to just a few seconds.

Recently, it also partnered with HSBC and Deutsche Bank to create 'Tokenized Deposits', which sounds impressive, but essentially allows companies to transfer money and settle transactions 24/7, making it particularly suitable for small companies engaged in cross-border business.

Now, it is directly preparing to issue stablecoins, indicating even greater ambitions. However, its approach differs from that of the crypto circle - it aims to create a 'compliant' and 'reliable' stablecoin, not one for speculation, but for cross-border payments and international settlements.

In summary: Ant does not want to get involved in the cryptocurrency wars but intends to play the most 'stable' role in the global fintech landscape.

This step may change how global enterprises transfer money and save funds, and could also be a new starting point for Chinese tech companies to exert influence in the overseas financial sector.

#交易对
According to SoSoValue data, on June 11, 2025 (Eastern Time), the Ethereum spot ETF recorded a net inflow of $240 million, marking the 18th consecutive day of net capital inflow, showing strong performance.

Among them, the ETF with the largest single-day net inflow is BlackRock's ETHA, which saw an inflow of $164 million that day. The cumulative net inflow of ETHA has now reached $5.13 billion.

Fidelity's FETH followed closely, with a net inflow of $37.28 million that day, bringing its historical cumulative net inflow to $1.59 billion.

As of now, the total net asset value (NAV) of the Ethereum spot ETF stands at $11.05 billion, accounting for 3.25% of Ethereum's total market capitalization. The cumulative net inflow has reached $3.75 billion.

This indicates that institutional investors' interest in Ethereum continues to rise, and spot ETF products are gradually becoming a key channel for mainstream capital allocation in Ethereum.

#看懂K线

Understanding K-lines through the relationship between price and volume, grasping the pulse of the market

When we look at stocks or other markets, just looking at price fluctuations is not enough; trading volume (which indicates the activity of buying and selling) is the real 'traffic light' that tells you about market momentum. By analyzing price and trading volume together, you can help determine whether the market is stable and whether the increase is reliable.

1. Price up, volume up — Market is strong

When the price is rising and the trading volume is increasing, it indicates that more people are buying and everyone is very active, making the market quite vigorous. In this case, the bullish momentum is strong, and the probability of further upward movement is relatively high.

2. Price up, volume down — Rise lacks strength

If the price is rising but the trading volume is decreasing, it indicates that although the price appears to be increasing, fewer people are buying, and no one is willing to follow through. This kind of rise often cannot last long and is prone to being trapped.

3. Price down, volume up — Selling aggressively

When the price is falling and the trading volume is increasing, it indicates that many people are selling, and everyone wants to exit quickly, creating panic in the market. This decline is likely to continue.

4. Price down, volume down — Possibly stabilizing

When the price has dropped but the trading volume has decreased, it indicates that fewer people are selling, reducing the selling pressure. The market may be nearing its bottom or could be undergoing a brief adjustment.

5. Volume and price are not in sync — Be cautious

Sometimes the price rises impressively, but the trading volume does not keep up, which is called 'divergence between volume and price.' It's like 'talking about being strong while the body is not,' and this often signals a change in market direction, so caution is warranted.

In simple terms, when looking at K-lines, you cannot only look at the price; trading volume is a key supporting role. Analyzing price and volume together can help you discern whether the market is genuinely strong or just a 'fake sprint.' Learning to use the relationship between volume and price to analyze K-lines will give you more confidence in buying and selling, and help you avoid pitfalls.

#常见交易错误

When trading, the biggest fear is not a poor market but repeatedly stepping into the same pitfalls. Many people start without a plan, chasing after rises and panicking at falls, ultimately getting harvested back and forth by the market. More commonly, they don't set stop-losses, fantasizing that 'if I wait a bit longer, it will bounce back,' only to find themselves in deeper losses.

Some people trade dozens of times a day, acting impulsively without any rhythm. Others get emotional; if they lose on one trade, they rush to recover their losses, only to lose even more. There are also many who go all-in, feeling pleased with their gains but collapsing mentally when they incur losses.

Many don't learn or review their trades; when they lose, they just change strategies without ever summarizing the reasons, almost as if they're 'testing their luck.' Others blindly follow big influencers or KOLs, thinking that copying their trades will ensure profit, only to end up getting cut before they even understand the trades they tried to copy.

In fact, to achieve long-term stability in trading, the most important things are three: have a plan, control emotions, and maintain discipline. Be less impulsive, summarize more, and things will gradually improve.

Trump has been emphasizing that the Federal Reserve should lower interest rates, and there are many reasons behind this.

First, lowering interest rates makes loans cheaper. Whether for businesses or ordinary people, when the cost of borrowing is lower, they are more willing to invest and spend, which naturally stimulates the economy. Trump has always been concerned about the performance of the U.S. economy, especially in terms of employment and growth. He believes that lowering interest rates is a "quick-acting" remedy.

Secondly, the U.S. government has a large amount of debt, and every year it has to pay a significant sum just in interest. When interest rates drop, interest expenses decrease, giving the government more financial flexibility, which is a good thing for the budget.

Moreover, low interest rates are favorable for the stock market; investors are happy, and when the stock market rises, everyone feels hopeful about the economy. This is also a kind of "report card" for Trump, as he often uses stock market performance to make his points.

Additionally, during trade wars or when facing global economic turmoil, lowering interest rates becomes a form of "self-protection" to stabilize the domestic economy.

Finally, let’s not forget that Trump is a political figure. When the economy is good, voters are happy, and his approval ratings naturally rise. For him, lowering interest rates is not just an economic policy, but also a political strategy.

In summary, Trump hopes that by lowering interest rates, he can strengthen the economy, lighten the debt burden, stabilize the market, and also gain a political advantage.

U.S. Treasury Secretary Scott Bessent issued a strong warning during a congressional hearing on Wednesday, stating that if Congress fails to pass the 'major beautiful bill' proposed by President Trump, the U.S. may face a massive financial crisis. In a conversation with Congressman David Kustoff, he said, 'Sir, I believe this could trigger a financial crisis of a magnitude not seen since the 2008-2009 financial crisis.'

This bill is considered a core component of Trump's economic agenda and primarily includes extending the key provisions of the 2017 Tax Cuts and Jobs Act. If Congress fails to push for the reimplementation of this bill, Bessent warned that current tax cuts will expire in the coming years, automatically increasing tax burdens and potentially resulting in up to $4 trillion in tax hikes, thereby 'destroying the financial system.'

The bill covers a wide range of content, including not only tax cuts but also measures to strengthen border security, increase the defense budget, and promote energy policy reform. Congressional Republicans are working to submit the bill to President Trump for signing before the July 4th Independence Day holiday, aiming to push for economic growth issues ahead of the elections.

Additionally, this massive bill contains a provision to raise the debt ceiling by $4 trillion, aimed at preventing the federal government from defaulting in the coming months. According to the latest forecasts from the Congressional Budget Office (CBO), the Treasury will run out of funds between August and September, and if the debt ceiling is not raised in time, the U.S. could face potential fiscal default risks.

Overall, Bessent's warning reflects the Treasury's heightened anxiety over the current policy deadlock and economic outlook, with the success or failure of the bill not only concerning tax policy but also relating to debt management and the stability of the entire financial system.

$ETH