奔跑财经-FinaceRun

The escalation of the conflict in the Middle East has caused global market shocks: cryptocurrencies are under pressure to fall, and risk aversion in the options market has surged.

In the early morning of June 13, local time, the Israeli Defense Forces launched a preemptive airstrike, accurately hitting more than a dozen nuclear-related targets including Iran's Natanz uranium enrichment plant, resulting in the death of Hussein Salami, commander of the Iranian Revolutionary Guard.

This move directly triggered a surge in global risk aversion, with Brent crude oil prices soaring 8.09% to $74.97 per barrel and WTI crude oil rising 9.2%, setting the largest single-day increase in 2025. Spot gold broke through $3,410 per ounce, hitting a 5-month high.

The cryptocurrency market was also affected, with Bitcoin (BTC) prices falling by about 3%, Ethereum (ETH) falling by 9%, and Solana, ADA and other altcoins generally falling by more than 10%.

It is worth noting that the escalation of geopolitical risks is directly reflected in the options market. According to QCP data, the BTC front-end put option premium soared by 5 volatility points, reaching a three-month high, reflecting the market's strong demand for downside protection.

At the same time, the cryptocurrency market ushered in a key option delivery day this Friday, with 28,000 BTC options (notional value of US$2.93 billion) and 244,000 ETH options (notional value of US$620 million) expiring, triggering more than US$1 billion in long liquidations.

However, Bitcoin soon showed resilience around $103,000 and did not fall below the key support level, which echoed DeFi Development Corp's announcement of $5 billion in equity financing for the purchase of Solana, showing the institution's long-term confidence in mainstream crypto assets.  

At present, the focus of the global market has shifted to Iran's retaliatory actions. The Iranian Revolutionary Guard has vowed a "devastating counterattack", Lebanon's Hezbollah has entered a state of combat readiness, and the risk of a blockade of the Strait of Hormuz has increased. Analysts pointed out that if the conflict continues to escalate, crude oil prices may soar to $120 per barrel, and global GDP growth may be reduced by 0.5 percentage points.

The cryptocurrency market will continue to be dominated by geopolitics in the short term, but its long-term trend still depends on the Fed's policy shift and institutional capital flows. Investors need to be wary of frequent black swan events and pay attention to the strategic layout of institutional investors. These signals may become the key to market turning points.  

#中东冲突 #加密货币 #期权市场 #地缘政治

Despite the continuous decline in market prices for BTC and ETH, net inflows into spot ETFs continue to show growth

On June 13, according to SoSoValue data, the total net inflow of Bitcoin spot ETF yesterday was $86.31 million, marking four consecutive days of net inflows.

Among them, Blackrock's Bitcoin ETF IBIT had a single-day net inflow of $288 million, with a cumulative net inflow of $49.53 billion; Grayscale's Bitcoin ETF GBTC had a single-day net inflow of $5.89 million, with a cumulative net outflow of $23.25 billion;

Meanwhile, Fidelity's ETF FBTC experienced a net outflow of $197 million in a single day, with a historical total net inflow of $11.49 billion. Ark & 21shares ETF ARKB had a net outflow of $10.73 million in a single day, with a cumulative net inflow of $2.44 billion.

As of now, the total net asset value of Bitcoin spot ETFs is $130.26 billion, accounting for 6.18% of Bitcoin's total market capitalization, with a cumulative total net inflow of $45.31 billion.

At the same time, the Ethereum spot ETF had a total net inflow of $11.2 million yesterday, marking 19 consecutive days of net inflows.

Among them, Blackrock's Ethereum ETF ETHA had a single-day net inflow of nearly $10.2 million, with a cumulative net inflow of $5.24 billion; Fidelity's Ethereum ETF FETH had a single-day net inflow of $10.83 million, with a cumulative net inflow of $1.6 billion.

As of now, the total net asset value of Ethereum spot ETFs is $10.76 billion, accounting for 3.38% of Ethereum's total market capitalization, with a cumulative total net inflow of $3.86 billion.

In summary, despite Bitcoin and Ethereum prices experiencing three consecutive declines this week, spot ETFs continue to see inflows, which may indicate that the market is undergoing a normal correction rather than a trend reversal.

The continuous inflow of institutional funds also shows that investors recognize the future value of Bitcoin and Ethereum, reflecting their long-term confidence in cryptocurrencies.

However, investors still need to closely monitor market dynamics and global policy changes, remain cautious and rational, and properly allocate their personal assets.

#比特币ETF #以太坊ETF #资金流动

Interest in Stablecoins Among Executives of Fortune 500 Companies Reaches All-Time High

With the booming cryptocurrency market, interest in stablecoins among American companies is rapidly increasing. Recent research shows that the percentage of executives interested in stablecoins among the global Fortune 500 companies surged from 8% in 2024 to 29% this year, more than tripling compared to a year ago. Small businesses are also following suit, as stablecoins are becoming a hot topic of discussion in boardrooms.

Research indicates that large enterprises have shown a significant increase in interest in stablecoins. Coinbase's latest report states that 29% of surveyed executives expressed interest in stablecoin partnerships, a substantial rise from last year's 8%. However, only 7% of companies are currently using or holding stablecoins, indicating that most businesses are still in the exploratory phase. The inefficiency and high costs of bank transfers are prompting these companies to seek better alternatives.

Small businesses are also following this trend. The same study shows that among 251 small and medium-sized enterprise financial decision-makers, 81% are interested in stablecoins, up from 61% last year. Nearly half expect to use cryptocurrencies in the next three years, and 82% believe cryptocurrencies can address real cost or cash flow issues. Whether it's reducing payment fees or speeding up cross-border transfers, these provide compelling reasons for small businesses to experiment.

Meanwhile, in 2024, the monthly transfer volume of stablecoins exceeded $710 billion twice, with total annual transactions surpassing $27 trillion, even 8% higher than the combined total of Visa and Mastercard. By May 2025, the number of stablecoin holders had exceeded 160 million.

Large enterprises are accelerating their exploration of stablecoins. On May 14, a Fireblocks report indicated that 90% of institutional participants are exploring the use of stablecoins for instant remittances and improving payroll efficiency. On June 5, Uber CEO Dara Khosrowshahi stated that Uber is researching stablecoin payments to reduce costs and enhance fund transfer efficiency.

In summary, from large enterprises to small businesses, an increasing number of companies are rapidly recognizing the potential value of stablecoins, marking them as a new trend in the business landscape of the United States and even globally.

What are your thoughts on the increasing interest of companies in stablecoins? What opportunities and challenges do you think stablecoins will face in future business?

#稳定币 #加密货币 #财富500强

Connecticut Enacts HB7082 Legislation Prohibiting State Treasury from Using Cryptocurrency

Recently, the state of Connecticut unanimously passed House Bill No. 7082 (now known as Public Act No. 25-66), explicitly rejecting the use of cryptocurrency for state government financial activities.

This legislation marks the strongest opposition at the state level to cryptocurrency, prohibiting the use of digital assets as financial funds or payment methods, and becoming the most extensive state-level cryptocurrency ban in the United States.

The new law strictly prohibits all state and municipal agencies from establishing cryptocurrency reserves or accepting digital assets as payment for taxes and fees, effectively cutting off government-supported cryptocurrency projects in Connecticut. Additionally, the bill imposes strict consumer protection regulations on virtual currency service providers.

For instance, companies engaged in cryptocurrency transfers must clearly warn customers that transactions are irreversible, and losses due to fraud or errors may not be recoverable. Furthermore, companies must fully disclose all significant risks and strictly verify the identities of users under 18 years of age.

Moreover, the bill also amends the state's broader financial regulatory laws, introducing new definitions for key digital financial terms such as digital wallets, self-service terminals, and controllers, and requires cryptocurrency businesses licensed in Connecticut to implement enhanced compliance programs in line with the new state standards.

Connecticut's firm stance stands in stark contrast to other states in the United States. Currently, 31 states are reviewing Bitcoin reserve bills, with 16 states making progress and 8 states vetoing similar measures. Although some vetoed bills may be resubmitted and reconsidered, Connecticut's legislative ban is notable for its extensive and decisive restrictions.

Meanwhile, New Hampshire last month officially became the first state in the U.S. to establish a strategic Bitcoin reserve. On May 6, Governor Kelly Ayotte signed House Bill No. 302, allowing the state treasury to invest 5% of its funds in Bitcoin and other digital assets with a market capitalization exceeding $500 billion, with Bitcoin being the only qualifying asset at present. The bill is inspired by the Satoshi Action policy framework and aims to achieve fiscal responsibility and reserve diversification through secure and regulated custody.

What do you think about this difference in state-level policies?

The US-China Trade Agreement and CPI Data: What Signals Are Hidden Behind Bitcoin's Surge and Retreat?

On June 11, US President Donald Trump announced on his social media platform Truth Social that the US and China have reached a trade agreement, which is currently in the final stages of formal signing.

According to foreign media reports, the agreement includes a total tariff rate of 55% imposed by the US on China, a tariff rate of 10% imposed by China on the US, and China will supply all "necessary rare earths" to the US. He also stated that the relationship between the two countries is "very good" and allows Chinese students to continue studying at US universities.

However, despite mentioning that "the US has imposed a total of 55% tariffs on China," this statement remains quite vague, and it is unclear whether it means that the US tariffs on China will be raised from 30% to 55%. The market is still awaiting further details.

Negotiations for the agreement began on Monday (local time) in London and reached a preliminary consensus in just two days, currently only requiring the signing approval from Chinese leaders and the US president. From Trump's remarks, he seems quite satisfied with the terms of the agreement.

Meanwhile, the consumer price index (CPI) data for May in the US was recently released, showing an annual inflation rate of 2.4%, with a slight increase of 0.1% for the month. According to CNBC, this indicates that the tariffs have not had a significant impact on the US economy, at least for now, which does not align with the concerns of many people previously.

After the announcement of the US-China trade agreement and the release of CPI data, the Bitcoin market reacted swiftly. The price of BTC surged from about $109,000 to $110,000 in just a few minutes.

However, Bitcoin failed to continue rising, and as of now, the price has dropped to $107,749, a decline of 1.6% in the past 24 hours.

Meanwhile, the market is closely watching the impact of the CPI data on Federal Reserve policy. The fluctuations of Bitcoin at key price levels are becoming more intense, and the divergence between bulls and bears is becoming increasingly apparent, seemingly indicating that a significant change in the market is imminent.

Is this a typical script of "good news fully priced in," or a common tactic of major funds washing out positions? The answer remains to be seen!

Do you think this surge and retreat is a short-term adjustment or a trend reversal? What signals will determine the next direction of the market? See you in the comments!

#中美贸易协定 #CPI数据 #市场解读

Bitcoin Core is about to undergo a major version update, with the OP_RETURN data limit significantly increased to 4MB

The Bitcoin Core development team announced that a major update will take place in the upcoming Bitcoin Core version 30, set to be released in October, which will directly increase the OP_RETURN (primarily responsible for data storage on the Bitcoin chain) data limit from 80 bytes to nearly 4MB. This change significantly enhances the Bitcoin network's ability to handle non-monetary data, improving efficiency and data processing capacity.

However, this proposal has sparked intense debate within the community. Supporters and opponents hold firm positions, with the focal point of the debate being whether Bitcoin nodes should block non-monetary transactions or act as relays for all valid transactions, leading to discussions and heated arguments.

Proponents believe that the risks associated with OP_RETURN are minimal because its data volume is small, does not increase fee consumption, and will not be added to the core accounting model UTXO of blockchain systems like Bitcoin.

Opponents argue that if the limit is lifted, Bitcoin blocks could be filled with spam and non-monetary data, thus affecting the space for on-chain transactions. They believe that maintaining the status quo is necessary to protect the value and efficiency of Bitcoin.

They are also concerned that the new version could undermine Bitcoin's economic value and reduce its efficiency, potentially weakening node control. For instance, commentators like Seccour, chrisguida, and wizkid057 have expressed such concerns, arguing that this change is a concession to spammers and will encourage abuse of Bitcoin. For example, storing arbitrary data on the Bitcoin chain may lead users to adopt worse evasion tactics, with a typical use case being off-chain transactions between users and miners.

On the other hand, supporters of the update argue that the behavior of storing arbitrary data on the Bitcoin network already exists and cannot be prevented. Firstly, this will reduce node traffic, helping to prevent miner centralization; secondly, it is a practical change that aligns with the current usage of the network.

Since 2014, Bitcoin Core has limited the length of OP_RETURN to 80 bytes. In May of this year, the development team announced the removal of this restriction, stating that this move aims to more comprehensively reflect market economic activities, enhance decentralization, maintain Bitcoin's resistance to censorship, and ensure the efficient operation of the network.

Do you support the Bitcoin Core version 30 update? Leave your opinions and views in the comments section!

#OPRETURN #升级

New SEC Chair Advocates for Formal Rules and Exemptions for DeFi

On June 9, Paul Atkins, the new Chair of the U.S. Securities and Exchange Commission (SEC), delivered an important speech at a cryptocurrency roundtable, pointing the way to a new direction for U.S. cryptocurrency regulation.

In his keynote address titled "DeFi and the American Spirit," Atkins positioned blockchain technology as an important tool for upholding core American values and emphasized that "self-custody is a fundamental American value that should not disappear just because people use the internet."

Atkins criticized the previous administration's over-reliance on enforcement and vague policies, which he said limited industry participants. He emphasized that blockchain, as a peer-to-peer database, can record ownership of digital assets without central control, and that network participants verifying transactions and maintaining the ledger through market competition perfectly embodies the spirit of a free market.

In terms of specific regulatory ideas, Atkins proposed three innovative suggestions: first, to oppose mandatory intermediation and criticized the practice of labeling wallet developers as unregistered brokers; second, to promote blockchain settlement and clearing to reduce friction costs and enhance market liquidity; and third, to establish an "innovation exemption" mechanism to provide a moderate regulatory safe harbor for compliant on-chain products.

Atkins also stressed that durable and effective regulatory policies must be established through formal "notice and comment" rules rather than relying on temporary statements or enforcement lawsuits.

He cited recent market volatility as an example, pointing out that while some centralized platforms experienced failures, decentralized protocols continued to operate stably, demonstrating the technical resilience of the DeFi ecosystem.

In his concluding remarks, Atkins committed the SEC to advance two areas of work: first, to formulate formal rules to incorporate self-custody and decentralized finance into the existing securities regulatory framework; and second, to allow room for DeFi innovation through possible exemption mechanisms while maintaining investor protection.

Atkins's statement marks a potential significant shift in U.S. cryptocurrency regulation, moving from the past legal enforcement strategies and punitive adversarial approaches to a regulatory governance model that pays more attention to technological characteristics and is more favorable to industry development.

#SEC监管政策 #去中心化金融 #豁免机制

What are the reasons for the rise in Bitcoin and altcoin prices today?

As the US-China trade negotiations unfold, Bitcoin and altcoins have seen a sharp rise this week. As of now, Bitcoin has broken through $109,477, up 3.7% in 24 hours, a new high since May 29. Ethereum has also risen to $2,668, up 7.3% in 24 hours. This round of gains has pushed the total market value of cryptocurrencies to more than $3.54 trillion.

The catalyst for this rise is the easing of the situation in the US-China trade negotiations, which started in London on Monday and are expected to end on Tuesday (local time). At present, the market generally expects the two sides to reach an agreement to relax export controls and possibly reduce tariffs. Such an outcome may ease investors' concerns that have lasted for months due to escalating trade restrictions.

Meanwhile, Strategy bought 1,045 bitcoins worth $110 million last week, bringing its total holdings to 582,000 bitcoins worth more than $63 billion. And corporate adoption of Bitcoin is rising, such as Trump Media, MetaPlanet and GameStop, which are also continuing to buy Bitcoin.

According to Santiment data, this wave of hoarding has also caused the number of bitcoins held by exchanges to drop from 1.57 million on January 1 to 1.18 million. This downward trend is generally seen as a bullish signal, indicating that investors are transferring assets to self-custodial institutions for long-term holding.

In addition, market sentiment is also optimistic after some financial giants made optimistic remarks. Cathie Wood of Ark Invest believes that the price of Bitcoin may rise 15 times in the next 5 years. Tom Lee of FundStrat also believes that the price of Bitcoin is expected to rise to $250,000 by the end of this year.

In addition, with the activation of the Bitcoin cup handle pattern, it is expected to drive continued growth. As shown in the figure below, Bitcoin has broken through the upper track of the downward channel, so analysts maintain bullish expectations and believe that BTC is expected to soar to $142,000 in this cycle.

In summary, from the progress of Sino-US trade negotiations, to the adoption of Bitcoin by enterprises, to the decline in the balance of Bitcoin on exchanges, multiple factors are driving the market up. At the same time, the optimistic forecasts of financial giants and the technical bullishness of analysts have injected strong momentum and optimistic expectations into the market.

#比特币价格上涨 #中美贸易谈判 #市场催化剂

Argentine President Milei was clarified by the Anti-Corruption Office, and the LIBRA token storm is still controversial

Recently, the Argentine Anti-Corruption Office announced the results of an investigation, which determined that President Javier Milei did not violate the law in promoting the LIBRA memecoin incident.

In its resolution on June 7, the office pointed out that Milei's support for the LIBRA token through his personal social media account X in February this year was a personal activity "as an economist" and had nothing to do with his presidency.

The investigation pointed out that Milei's X account was established before he took office, and the LIBRA project he promoted did not involve any government contracts or procedures. Although Milei took the initiative to request an investigation, the head of the Anti-Corruption Office, Alejandro Melik, was appointed by the Milei government in December 2023, so the results of the investigation also caused public doubts about his independence and impartiality.

The turmoil began on February 14, when Mile publicly declared that the LIBRA token would "revitalize the Argentine economy by supporting small businesses." The contract number included in his X tweet caused the token price to approach $5 for a short period of time, but then plummeted to almost zero, causing a large number of investors to lose money.

Although the conclusion of the Argentine Anti-Corruption Office cited the case of the US Supreme Court and emphasized the legal complexity of distinguishing personal and official behavior, the LIBRA incident is still fermenting in the judicial systems of many countries. The Argentine House of Representatives voted to establish a special investigation committee in April, but the process was obstructed by the ruling party. Meanwhile, related investigations by the US and Spanish courts are still ongoing.

In terms of the market, LIBRA is currently trading at $0.029, down 97% from its historical high. Despite a 35.7% rebound in the past month, for investors, this loss has become a fait accompli.

In summary, although this ruling has cleared Mile of administrative responsibility, the public's doubts about his use of influence to promote high-risk crypto projects have not dissipated.

However, this incident reflects the ethical boundary issues faced by politicians from various countries when participating in the promotion of cryptocurrency, and also provides a warning case for regulators on how to deal with market fluctuations caused by the "celebrity effect".

#阿根廷 #LIBRA #反腐败调查

FOMC Meeting Outlook: Will the Federal Reserve Delay Rate Cuts Further?

As we approach mid-June, the market's focus is on the interest rate decision of the Federal Open Market Committee (FOMC) in the United States.

According to CME FedWatch prediction data, the market generally expects the June 18 FOMC meeting to keep interest rates unchanged (currently at 425 to 450). The probability of a 25 basis point cut is only 2.6%, while the probability of maintaining the current rate level is as high as 97.4%.

However, the outlook for September 25 is quite different. The forecast shows a 60.8% probability of a rate cut, while the likelihood of maintaining the current rate has decreased to 39.2%.

Specifically, the probability of a 25 basis point cut is 51.8%, while the probability of a 50 basis point cut is 8.8%, and the probability of a 75 basis point cut is just 0.2%.

Looking at the observation data for December 10 this year, the expected probability of a 25 basis point cut is 30.6%, the probability of a 50 basis point cut is as high as 39.3%, the probability of a 75 basis point cut is 19.3%, and the probabilities of a 100 basis point and 125 basis point cut are 2.6% and 0.1%, respectively.

In summary, the market generally expects a higher probability of rate cuts in the September and December meetings, potentially deciding to cut rates at least once or twice, with a maximum cut of 50 basis points.

However, it is important to remind everyone that despite the relatively optimistic expectations for rate cuts by the end of this year, factors such as U.S. tariff policies, the employment market situation, core inflation data, and the global economic environment may all significantly impact the Federal Reserve's final decision.

Therefore, investors should closely monitor relevant economic data and policy signals to timely adjust investment strategies to cope with various uncertainties.

What do you think? How many times do you believe there will be rate cuts by the end of the year, and what do you think will be the maximum cut? Feel free to share your insights in the comments!

#FOMC #美联储 #降息预期

Trump: The China-U.S. delegations will meet in London on June 9, looking forward to seeking positive progress

U.S. President Trump announced on his social media platform Truth Social that U.S. Treasury Secretary Scott Basset, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamison Greer will hold economic and trade talks with Chinese representatives in London on June 9.

The purpose of this meeting is to negotiate a trade agreement to promote further development of China-U.S. economic and trade relations. Trump mentioned in his post that he believes the talks will go smoothly and expressed optimism about this progress.

It is noteworthy that this meeting is a further confirmation of economic and trade consultations between China and the U.S. following the Geneva economic and trade talks in May, indicating that communication between the two sides in the economic and trade field is continuing to deepen.

The backdrop of this meeting is the recent complex situation in China-U.S. economic and trade relations. Previously, the two sides reached several consensuses in Geneva, including the suspension of the implementation of certain tariffs and reaching partial agreements on non-tariff countermeasures. However, there are still differences between the two sides regarding issues such as rare earth export controls and chip export restrictions.

The Chinese side emphasized that rare earth export controls are based on international practices and not unilateral restrictions targeting the U.S., and has issued temporary export licenses for rare earths to the three major American automotive manufacturers. The U.S. side, however, has questioned the Chinese side's implementation, believing that China has delayed the fulfillment of the agreement.

Additionally, the new round of chip control measures introduced by the U.S. after the Geneva talks has also caused strong dissatisfaction from the Chinese side. These backgrounds have made the London talks highly anticipated, seen as an important opportunity for both sides to resolve differences and further improve economic and trade relations.

Overall, the London talks announced by Trump not only reflect the ongoing interaction between China and the U.S. in the economic and trade field but also demonstrate both sides' emphasis on stabilizing bilateral relations.

However, whether the talks can achieve substantial progress still requires attention to the negotiation results on specific topics. The outcome of this meeting may have significant implications for China-U.S. economic and trade relations and even the global economic landscape.

What substantial progress do you think this meeting can achieve? What impact will the meeting results have on the stock market and the cryptocurrency market?

#中美贸易会晤 #特朗普 #贸易谈判

Eric Trump: TRUMP tokens have reached cooperation with WLFI, and WLFI promises to hold a large number of Meme coins in its vaults

Trump's second son Eric Trump announced on social media on June 7 that $TRUMP Meme Coin has reached cooperation with WorldLibertyFi. Although their meme wallet project has not made progress, they are still focused on creating the world's most exciting MEME - $Trump.

Eric also said that World Liberty Financial (WLFI) plans to hold TRUMP tokens on a large scale in its long-term reserve asset portfolio, and emphasized that the two parties have a common vision in "cryptocurrency, patriotism and long-term success."  

This cooperation marks the Trump family's further integration of its crypto asset layout. Although the wallet project originally planned to be launched by the TRUMP Meme Coin team has been suspended, it will still focus on the ecological construction of TRUMP tokens.

As a DeFi platform supported by the Trump family, WLFI has previously raised $455 million through two rounds of token sales and established a reserve portfolio of mainstream crypto assets such as ETH and WBTC.

Market analysts believe that this cooperation may strengthen the concept of "presidential selection", that is, empowering specific crypto assets through political influence.

It is worth noting that WLFI has previously established cooperation with the TRON ecosystem, such as issuing its stablecoin project USD1 on the TRON chain to jointly explore the territory of the cryptocurrency field.

However, the project has also been controversial because 75% of the sales revenue belongs to the Trump family, and it has been questioned as a "political fundraising tool rather than a real DeFi product."  

It is worth noting that WLFI has been active recently, including cooperating with Abu Dhabi investment institution MGX to use its stablecoin USD1 to complete a $2 billion investment in Binance.

The inclusion of TRUMP tokens as reserve assets may further expand its influence in the Meme coin field. Eric Trump said "this is just the beginning", suggesting that more cooperation plans may be announced in the future.

In summary, the Trump family is deeply bound to the TRUMP token through WLFI, and this "celebrity Meme capital" model is building a new ecology that integrates politics and crypto finance.

Do you think that the endorsement of politicians' family projects will increase the long-term value of Meme Coin, or will it only create a short-term bubble?

#特朗普概念币

Report: Bitcoin's Short-Term Pullback Difficult to Change Long-Term Bullish Outlook, But Key Support Level Breakdown May Trigger Trend Reversal

On June 6, Matrixport's report pointed out that although Bitcoin's recent price movements have shown some signs of weakness, their model still predicts that the market is on an upward trend. However, if Bitcoin's price falls below the key support level of $96,719, the trend may shift from bullish to bearish.

The report also highlighted that the current U.S. macroeconomic environment is sending dual risk signals: on one hand, core economic indicators have dropped to their lowest levels in months, which cannot be ignored;

on the other hand, most investors are still focused on ETF fund inflows, thereby overlooking the capital flow, stablecoin dynamics, and forward-looking data that have quietly revealed market turning point warnings. This deviation in focus may be causing potential risks to be underestimated.

Based on concerns regarding the macroeconomy, the report suggests that traders lock in profits. With Bitcoin, Ethereum, and Solana all experiencing varying degrees of pullback, the market has shown signs of consolidation. Meanwhile, as U.S. macroeconomic data softens, the market may enter a period of uncertainty; and the previous surge in demand may have been due to early positioning under expectations of Trump’s tariffs, but this trend is currently gradually returning to normal.

At the same time, the unexpected decline in the U.S. ISM Non-Manufacturing PMI data suggests a slowdown in economic momentum. The drop in oil prices also reflects weak market demand, and the weakening dollar may also create conditions for interest rate cuts.

However, the Federal Reserve may maintain interest rates for a longer period than expected, as officials are concerned that Trump's tariff policies could push prices higher again, so they are unlikely to ease monetary policy too soon.

In summary, while Bitcoin's current trend remains positive, market participants must not let their guard down.

Whether Bitcoin can hold the support level of $96,719, along with macro factors like tariff policies and Federal Reserve interest rate decisions, will profoundly impact its short-term trajectory.

Therefore, investors should remain vigilant and be prepared to respond to market volatility.

#比特币趋势 #加密货币市场 #Matrixport分析

The US Bitcoin Spot ETF saw a net outflow of $278 million yesterday, while the Ethereum ETF recorded a continuous net inflow of funds for 14 days.

On June 6, according to SoSoValue data, the US Bitcoin Spot ETF experienced a single-day net outflow of $278 million yesterday, failing to continue the trend of net inflows observed in the previous two days, with no Bitcoin ETF recording any net inflow on that day.

Among them, the Ark & 21Shares Bitcoin Spot ETF ARKB topped the single-day net outflow list with a net outflow of $102 million, currently accumulating a total net inflow of $2.41 billion; closely following is the Fidelity Bitcoin Spot ETF FBTC, which saw a single-day net outflow of $80.17 million, with a total net inflow of $11.42 billion so far.

In addition, the Bitwise Bitcoin ETF BITB, the GrayScale Bitcoin Trust ETF GBTC Trust and its mini-trust ETF BTC, the Invesco Bitcoin ETF BTCO, and the VanEck Bitcoin ETF HODL recorded single-day net outflows of $36.73 million, $24.09 million, $16.70 million, $12.20 million, and $6.51 million, respectively.

As of now, the total net asset value of Bitcoin Spot ETFs is $122.98 billion, accounting for 6.16% of Bitcoin's total market capitalization, with a total cumulative net inflow of $44.29 billion.

On the same day, the Ethereum Spot ETF recorded a total net inflow of $11.26 million, marking the 14th consecutive day of net inflows.

Among them, the BlackRock Ethereum Spot ETF ETHA saw a single-day net inflow of $34.65 million, currently accumulating a total inflow of $4.84 billion;

However, the Fidelity Ethereum ETF FETH experienced a net outflow of $23.40 million yesterday, with a total cumulative inflow of nearly $1.52 billion.

As of now, the total net asset value of Ethereum Spot ETFs is $9.55 billion, accounting for 3.3% of ETH's total market capitalization, with a total cumulative net inflow of $3.3 billion.

#比特币ETF #以太坊ETF #资金流向

Musk and Trump: From Allies to the Twitter "Drama" of Mutual Attacks, Do You Really Understand It?

Recently, the public dispute between billionaire Elon Musk and former U.S. President Donald Trump has attracted significant attention. This dispute began at the end of May when Musk repeatedly posted on social media, criticizing the "Big and Beautiful Act" supported by Trump.

Musk considered the act "disgusting," filled with political donations, and warned that it could lead to a $2.5 trillion increase in the U.S. deficit. In response, Trump recently hit back on Truth Social, threatening to cancel government contracts with Tesla and SpaceX, and implied that Musk was "mentally unstable" and needed to exit politics.

In reply, Musk hinted at Trump's relationship with the late sex offender Jeffrey Epstein and accused Trump of hiding key documents. Trump, on the other hand, privately mocked Musk as a "politically ignorant upstart" and rejected Musk's suggestion to ease technology restrictions on China.

This war of words ultimately evolved into substantial commercial retaliation, with Musk announcing the withdrawal of $300 million in sponsorship for the Republican midterm elections and lowering the priority of Starlink services in Florida.

It is worth noting that this is not the first public conflict between the two. As early as April, Trump's trade advisor Peter Navarro clashed with Musk, leading to a 15% drop in Tesla's stock price.

This escalating billionaire showdown not only exposes the fragility of the U.S. political-business relationship but also raises new speculation about the upcoming election situation.

As the conflict between the two public figures intensifies, people are curious and concerned about their future relationship and the potential impact on politics and the economy.

Opinion:

In this seemingly intense war of words, one cannot help but wonder whether this could be a carefully orchestrated hype by both sides? Aimed at creating panic through their influence on social media, forcing retail investors to sell off assets;

Then, insiders may take the opportunity to accumulate shares at low prices, profiting when the market recovers. Therefore, investors maintaining rational judgment and adhering to long-term value investing is key to coping with market volatility.

#马斯克 #特朗普 #投资者教育 #金融安全