Trump said that an Iran nuclear deal should be reached. The withdrawal of whales and serial liquidation led to a sharp drop in the stock market.

Headlines

▌Trump: Iran and Israel should reach an agreement to make the Middle East great again

Trump wrote that Iran and Israel should reach an agreement and will reach an agreement, just as I made India and Pakistan reach an agreement. We will soon have peace between Israel and Iran! Many phone calls and talks are going on now. I have done a lot, but I have never received any credit, but it doesn’t matter, the people understand. Make the Middle East great again!

▌Binance: ZKJ and KOGE plummeted due to large holders withdrawing on-chain liquidity and serial liquidations

Binance noticed that ZKJ and KOGE had significant price fluctuations. Preliminary investigations found that this situation was mainly caused by large holders withdrawing on-chain liquidity and serial liquidations in the market.

Market Conditions

As of press time, according to CoinGecko data:

BTC price is $105,591, up or down +0.1% in 24 hours;

ETH price is $2,548.45, up or down +0.6% in 24 hours;

BNB price is $648.30, up or down +0.4% in 24 hours;

SOL price is 152.69 US dollars, 24 hours up and down +5.4%;

DOGE price is 0.1758 US dollars, 24 hours up and down -1.5%;

XRP price is 2.17 US dollars, 24 hours up and down +1.2%.

KOGE price is 27.83 US dollars, 24 hours up and down -55.61%.

Policy

▌Trump warns Iran not to act rashly against the United States

Trump said on social media: "The United States had nothing to do with the attack on Iran tonight. If we are attacked by Iran in any way, the full force and power of the United States Armed Forces will hit you at an unprecedented level. However, we can easily facilitate an agreement between Iran and Israel to end this conflict!!"

▌Germany, France and Britain propose negotiations on Iran's nuclear program

German Foreign Minister Waldful said that Germany, France and Britain are ready to hold talks with Iran immediately on Tehran's nuclear program to ease the situation in the Middle East. Waldful, who is visiting the Middle East, said he is working hard to contribute to the de-escalation of the conflict between Israel and Iran, and pointed out that Tehran has not seized the opportunity to engage in constructive negotiations before. "I hope it's still possible," Wadful said. "Germany, France and the UK are ready. We proposed that Iran negotiate immediately on its nuclear program, and I hope that this proposal will be accepted." "It is also a key prerequisite for reaching a settlement of the conflict, that Iran will not pose a threat to the region, Israel or Europe."

Blockchain Application

▌BlackRock COO: Bringing traditional capital markets into the digital world will define the next decade

BlackRock's Chief Operating Officer said in an interview that bringing traditional capital markets into the digital world will determine the next decade.

▌HSBC: RWA tokenization on public chains is expected to surge in the next 2-5 years

HSBC Hong Kong is promoting the application of blockchain in custody, tokenization and bond issuance. It is expected that the tokenization of RWA on the public chain will surge in the next 2-5 years. Coinbase Sponsors Trump's Washington Parade and Receives Broadcast Thanks There were 22 corporate and foundation sponsors for President Trump's military parade on Saturday, some of which received special thanks through the public broadcasting system. Among them was the cryptocurrency exchange Coinbase, "Special thanks to our sponsor, Coinbase," the announcer said. The company donated $1 million to Trump's inaugural committee in January. The following month, the U.S. Securities and Exchange Commission, led by Trump, withdrew its lawsuit against the company.

▌RWA Protocol Spout to be launched on Pharos Testnet

RWA Protocol Spout announced that it will be launched on the EVM Layer 1 blockchain Pharos Network testnet. Spout aims to bring real-world returns to the chain, issue tokenized corporate bonds, and have built-in privacy protection.

Cryptocurrency

▌Glassnode: Bitcoin's rising trend has not changed due to the substantial growth in the previous two cycles

Glassnode posted on the X platform that although the current market value of Bitcoin has increased significantly compared with the previous two cycles, the development trend of the current cycle has not changed due to the increase in market value, and it is still continuing the growth trend of the previous two cycles. Data shows that Bitcoin rose by 1,076% from 2015 to 2018, 1,007% from 2018 to 2022, and 656% from 2022 to date. This trend shows that the growth of market demand keeps pace with the mature development of Bitcoin, and it is also a sign that investors are still optimistic about Bitcoin.

▌Bitwise Asset Management: Young investors are holding 1 BTC as a new wealth goal

BTC prices rebounded from a low of $104,480 caused by geopolitical factors and finally closed at $105,590, up 0.15% on the day. Technical analysis shows that the $104,400-104,500 range has formed effective support, and consolidation above $105,470 may indicate further upside. Jeff Park, portfolio manager at Bitwise Asset Management, pointed out that young investors are using "holding a full 1 Bitcoin" as a new wealth goal to replace traditional real estate.

▌Founder of Consensys: ETH has only recently been discussed frequently due to the improvement in the US regulatory environment

In response to the community saying that he felt pressured by ETH and therefore frequently posted for discussion, Joseph Robin, founder of Consensys and co-founder of Ethereum, said that the frequency of discussions on ETH was less frequent before because Gary Gensler, former chairman of the US Securities and Exchange Commission, did not recommend public discussion as regulators were investigating Ethereum (mostly) and the decentralized ecosystem. Now that the US regulatory environment has improved, he can speak more freely, and he has always been very outspoken. He also hopes that the community can express their concerns to Ethereum, Consensys, and decentralized protocols to jointly solve the problem.

▌If Bitcoin breaks through $107,000, the cumulative short order liquidation strength of mainstream CEX will reach 909 million

According to Coinglass data, if Bitcoin breaks through $107,000, the cumulative short order liquidation strength of mainstream CEX will reach 909 million. Conversely, if Bitcoin falls below $103,000, the cumulative short order liquidation strength of mainstream CEX will reach 1.391 billion.

▌An address holding about 12.37 million USDT on the Tron chain was frozen

According to WhaleAlert monitoring, an address holding 12,369,162 USDT on the Tron chain was frozen.

▌Saylor said he was about to buy Bitcoin during the conflict between Israel and Iran

Strategy co-founder Michael Saylor hinted that the company would buy more Bitcoin when traditional financial markets open on Monday.

▌Analyst: ZKJ and KOGE flash crashes may be long-planned harvesting actions

According to the analysis of chain data analyst Ai Yi (@ai_9684xtpa), the flash crash of ZKJ and KOGE on Sunday night may be a long-planned harvesting action. The three main addresses targeted the huge transaction volume and liquidity of the two tokens in the context of Binance Alpha. Tonight, through the dual pressure of "large withdrawal of liquidity + continuous selling", ZKJ and KOGE collapsed one after another, and none of them were spared.

Important Economic Dynamics

▌The conflict between Iran and Israel has affected the Middle East stock markets, with the Israeli stock index falling 1.7% on the first day and Saudi Arabia falling 3.6%

The Tel Aviv stock market in Israel fell 1.7% on the first trading day since the Israeli-Iranian conflict began. The Saudi benchmark index fell 3.6% in early trading.

▌The probability of the Federal Reserve keeping interest rates unchanged in June is 96.9%

According to CME's "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in June is 96.9%, and the probability of a 25 basis point rate cut is 3.1%. The probability of the Federal Reserve keeping interest rates unchanged in July is 77.9%, the probability of a cumulative 25 basis point rate cut is 21.5%, and the probability of a cumulative 50 basis point rate cut is 0.6%.

Golden Encyclopedia

▌How does the 10-year Treasury yield affect crypto?

Cryptocurrency yields and stablecoins are part of the broader financial world, and the 10-year Treasury yield affects investor behavior, which in turn affects the cryptocurrency market. The US dollar is the world's reserve currency, and US Treasuries are a global safe haven. Changes in the 10-year US Treasury yield will cause shocks around the world. For cryptocurrency investors, this global impact sets the backdrop. Rising 10-year Treasury yields may indicate a tougher market environment for cryptocurrency prices and yields, especially in the context of global market turmoil. Conversely, low yields tend to stimulate risk appetite, boosting speculative assets such as cryptocurrencies.