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#Bitcoin2025 According to BlockBeats, recent market volatility has been influenced by fluctuating risk sentiment. Since late April, risk assets have steadily increased, with the S&P 500 nearing the 6000-point mark. However, U.S. President Donald Trump's unexpected proposal to raise tariffs on EU goods to 50% disrupted market stability. Although the tariff implementation deadline was extended to July 9, the move highlighted the ongoing disruptive potential of policy risks. Inflation remains a key macroeconomic focus. Friday's PCE data will be crucial for determining the Federal Reserve's policy direction. Despite a decline in oil prices, congestion at European ports is spreading globally, potentially increasing shipping costs and triggering new inflationary pressures. In the cryptocurrency sector, Bitcoin's price retreated to $106,000 over the weekend before quickly rebounding to $110,000, supported by 30 consecutive days of net inflows into spot ETFs, particularly BlackRock's IBIT. Notably, while Bitcoin's performance remains stable, tech stocks are experiencing divergence. TQQQ has been consistently sold off since April, indicating that some investors are rotating or hedging their positions. Amid global policy turbulence, crypto assets are demonstrating increased "maturity."
Midday News Update #Web3 🍪 $COOKIE surges past 0.35 USDT — possibly fueled by the launch of Cookie Snaps feature. 🏁 James Wynn hints at retiring from futures trading — exits with $25M in total profit, saying “leaving on a win.” 🎣 Inferno Drainer uses EIP-7702 in phishing attack — one victim loses $150K in a single hit. 🗣️ Donald Trump Jr.: Our entry into crypto stems from being “debanked” in the past. ✅ HyperFND’s X account secured after breach — no impact to on-chain systems or other channels. #COOKIE #JamesWynn #EIP7702