1-Min Market Brief_20250627

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

APT: Aptos continues its upward momentum (+2% in 24h) as Aptos Labs and Jump Crypto announced a decentralized hot storage network “Shelby.” Bitwise also submitted a revised S-1 filing for Aptos.

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.

JTO: SOL Strategies purchased 52,181 JTO tokens, aiming to establish a strategic reserve for the Solana ecosystem.

ENA: Ethena Labs released a redemption plan for USDe token holders.

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.

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.