Key Takeaways
-
Macro Environment: U.S. economic data reinforced market expectations that the Federal Reserve will cut rates at least twice this year. All three major U.S. stock indices closed higher, with the S&P 500 and Nasdaq Composite approaching record highs.
-
Crypto Market: Bitcoin decoupled from U.S. stocks and remained range-bound between $106K and $108K, down 0.36% on the day, showing a continued sideways consolidation pattern. The ETH/BTC ratio remained stable, while Bitcoin's market dominance continued to rise, surpassing 66%—its highest level since January 2021. The altcoin market remained under pressure, with most tokens showing declines.
-
Today's Outlook: U.S. May Core PCE Price Index. BLAST token unlock: 34.98% of circulating supply unlocked, worth approximately $22.5 million
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,141.01 | +0.80% |
| NASDAQ | 20,167.91 | +0.97% |
| BTC | 106,953.20 | -0.36% |
| ETH | 2,416.10 | -0.10% |
Crypto Fear & Greed Index: 65 (down from 74 a day earlier), indicating Greed
Project Highlights
Trending Tokens: APT, SAHARA
-
SAHARA: Spot and perpetual listings across major exchanges triggered a short-selling surge, driving funding rates to extreme lows. SAHARA dropped over 70% in a single day.
Macro Economy
-
U.S. May durable goods orders saw the biggest jump since July 2014.
-
Final Q1 U.S. GDP revised down to -0.5%.
-
Fed officials repeatedly stated they are not ready to support rate cuts in the July meeting.
-
The White House: No imminent decision on the next Federal Reserve Chair from Trump.
Industry Highlights
-
Hong Kong released "Digital Asset Development Policy Statement 2.0": Focuses on legal/regulatory optimization, expanding tokenized products, promoting use cases and cross-sector cooperation, talent and partner development.
-
Hong Kong Government: Will promote tokenization of gold, other precious and base metals, and new energy assets.
-
40 institutions have upgraded to Hong Kong Type 1 license: including 38 brokerages, 1 bank, and 1 internet company.
-
Canada’s banking regulator: Ready to regulate stablecoins and is developing a formal framework.
-
U.S. House of Representatives passed a bill directing the Commerce Department to promote blockchain technology.
-
White House crypto advisor: The U.S. is building the infrastructure for a strategic Bitcoin reserve.
-
Reuters: Tokenized stock platform Dinari became the first to receive U.S. approval to offer tokenized equity trading.
-
Metaplanet purchased an additional 1,234 BTC at an average price of $107,557, bringing total holdings to 12,345 BTC.
-
PayPal CEO: Actively creating real use cases for stablecoins for customers.
-
Bakkt: Updated its investment policy and announced a $1 billion securities offering plan, aiming to include Bitcoin and other digital assets in its corporate treasury.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
