Trump claims that the Iran nuclear protocol should be reached; Whale withdrawal and a series of liquidations cause a big dump.

Headline

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

Trump stated that Iran and Israel should reach an agreement and will reach an agreement, just like I made India and Pakistan reach an agreement. We will soon achieve peace between Israel and Iran! Many phone calls and discussions are currently taking place. I have done a lot, but have never received any honors, but that's okay, the people understand. Make the Middle East great again!

▌Binance: The sharp decline of ZKJ and KOGE is due to large holders withdrawing on-chain liquidity and a series of liquidations

Binance has noticed significant price fluctuations for ZKJ and KOGE. Preliminary investigations reveal that this situation is primarily due to large holders withdrawing on-chain liquidity and a series of liquidations in the market.

Market

As of the time of writing, according to data from CoinGecko:

The price of BTC is $105,591, with a 24-hour change of +0.1%;

The price of ETH is $2,548.45, with a 24-hour change of +0.6%;

The price of BNB is $648.30, with a 24-hour change of +0.4%;

The price of SOL is $152.69, with a 24-hour change of +5.4%;

The price of DOGE is $0.1758, with a 24-hour change of -1.5%;

The price of XRP is $2.17, with a 24-hour change of +1.2%.

The price of KOGE is $27.83, with a 24-hour change of -55.61%.

Policy

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

Trump stated on social media: "The attacks that the U.S. and Iran suffered tonight are unrelated. If we are attacked by Iran in any form, the full strength and power of the U.S. armed forces will strike you at an unprecedented level. However, we can easily facilitate an agreement between Iran and Israel to end this conflict!!"

▌Germany, France, and the United Kingdom propose negotiations on Iran's nuclear program

German Foreign Minister Baerbock stated that Germany, France, and the UK are ready to hold talks with Iran about Tehran's nuclear program immediately to ease the situation in the Middle East. Baerbock, who is visiting the Middle East, said he is working to contribute to de-escalating the conflict between Israel and Iran, and noted that Tehran has not previously seized the opportunity for constructive negotiations. "I hope this is still possible," Baerbock said. "Germany, France, and the UK are ready. We propose that Iran engage in negotiations about its nuclear program immediately, and I hope this proposal will be accepted." "This is also a key prerequisite for achieving conflict resolution, namely that Iran does not pose a threat to the region, Israel, or Europe."

Blockchain Applications

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

The Chief Operating Officer of BlackRock stated in an interview that bringing traditional capital markets into the digital world will determine the next decade.

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

HSBC Hong Kong is promoting the application of blockchain in custody, tokenization, and bond issuance. The tokenization of RWA on public chains is expected to surge in the next 2-5 years.

▌Coinbase sponsors Trump's Washington parade and receives broadcast thanks

During the military parade held by President Trump on Saturday, a total of 22 corporate and foundation sponsors were involved, with some sponsors receiving special thanks through the public address system. This included the cryptocurrency exchange Coinbase, with the announcer saying, "A special thanks to our sponsors - Coinbase." The company donated $1 million to Trump's inauguration committee in January of this year. The following month, the U.S. Securities and Exchange Commission, led by Trump, dropped the lawsuit against the company.

▌RWA Protocol Spout will launch on the Pharos testnet

The RWA Protocol Spout has announced its launch on the EVM Layer 1 blockchain Pharos Network testnet. Spout aims to bring real-world yields onto the chain, issue tokenized corporate bonds, and include built-in privacy protection.

Cryptocurrency

▌Glassnode: The upward trend of Bitcoin has not changed due to the significant growth in the previous two cycles

Glassnode stated on platform X that although the market value of Bitcoin has significantly increased compared to the previous two cycles, the development trend in the current cycle has not changed due to the rise in market value and continues to follow the growth trend of the previous two cycles. Data shows that from 2015 to 2018, Bitcoin's increase was 1076%, from 2018 to 2022 it was 1007%, and from 2022 to now it is 656%. This trend indicates that the growth in market demand is in sync with the mature development of Bitcoin, and it is also a sign that investors remain optimistic about Bitcoin.

▌Bitwise Asset Management: Young Investors are Setting 1 BTC as a New Wealth Goal

The price of BTC rebounded from a geopolitical-induced low of $104,480, eventually closing at $105,590, with a daily increase of 0.15%. Technical analysis shows that the $104,400-$104,500 range has formed effective support, and consolidation above $105,470 may indicate further upward potential. Jeff Park, portfolio manager at Bitwise Asset Management, pointed out that young investors are considering "holding a full 1 Bitcoin" as a new wealth goal in place of traditional real estate.

▌Consensys Founder: Only Recently Started Discussing ETH Frequently Due to Improved U.S. Regulatory Environment

Joseph Robin, the founder of Consensys and co-founder of Ethereum, responded to the community's claims that he frequently posts discussions out of pressure regarding ETH. He stated that the previously lower frequency of discussions about ETH was due to the former chair of the SEC, Gary Gensler, advising against public discussions because regulatory agencies were investigating Ethereum (mostly) and the decentralized ecosystem. Now, with the regulatory environment in the US improving, he feels freer to speak out and has always been very outspoken. He also hopes the community can express concerns towards Ethereum, Consensys, and decentralized protocols to collaboratively address issues.

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

According to Coinglass data, if Bitcoin breaks through $107,000, the cumulative short liquidation intensity on major CEXs will reach $909 million. Conversely, if Bitcoin falls below $103,000, the cumulative short liquidation intensity on major CEXs will reach $1.391 billion.

▌An address holding approximately 12.37 million USDT on the Tron chain has been frozen

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

▌Saylor states he will soon purchase Bitcoin amid the Israel-Iran conflict

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

▌Analyst: The flash crash of ZKJ and KOGE may be a long-planned harvesting action

According to on-chain data analyst Ai Yi (@ai_9684xtpa), the flash crash of ZKJ and KOGE on Sunday night may have been a premeditated harvesting operation. Three major addresses targeted the massive trading volume and liquidity of two tokens under the Binance Alpha background. Tonight, through the dual pressure of "large liquidity withdrawals + continuous selling," ZKJ and KOGE collapsed one after the other, with no one spared.

Important Economic Dynamics

▌The Israel-Hamas conflict has affected the Middle Eastern stock markets, with the Israeli index dropping 1.7% on the first day, and Saudi Arabia down 3.6%

The Tel Aviv Stock Exchange in Israel fell 1.7% on its first trading day since the Israel-Iran mutual strikes began. The Saudi benchmark index dropped 3.6% in early trading.

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

According to CME's "FedWatch": 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 cumulative probability of a 25 basis point rate cut is 21.5%, and the cumulative probability of a 50 basis point rate cut is 0.6%.

Golden Encyclopedia

How does the 10-year U.S. Treasury yield affect cryptocurrency?

Cryptocurrency yields and stablecoins are part of the broader financial world, while the yield on 10-year government bonds influences investor behavior, subsequently affecting the cryptocurrency market. The US dollar is the world's reserve currency, and US Treasuries are a global safe haven; changes in the yield of 10-year US government bonds can trigger shocks worldwide. For cryptocurrency investors, this global influence sets the context. An increase in the yield of 10-year government bonds may indicate that cryptocurrency prices and yields will face a harsher market environment, especially in times of global market turmoil. Conversely, low yields often stimulate risk appetite, thereby boosting speculative assets such as cryptocurrencies.