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Share link:In this post: U.S. inflation is slowing, but debates about Biden’s ability to challenge Trump overshadow the good news. The IMF warns the U.S. must address its high debt levels, with the debt-to-GDP ratio predicted to hit 140% by 2032. Voters prioritize the economy, with Trump trusted over Biden by 41% to 37% on economic issues. Bitcoin struggles in a tight range, with fears of further drops due to a supply overhang in July.Disclaimer. The information provided is not trading advice. Cryptopolita
Quick Take This is an excerpt from the fifth edition of The Funding newsletter sent to our loyal readers on June 29. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Share link:In this post: Bitcoin spot ETFs saw a $73 million inflow on June 28, with varying activity across different funds. Grayscale ETF GBTC had a $27 million outflow, while BlackRock ETF IBIT saw an $82 million inflow. The US government transferred 3,940 Bitcoin to Coinbase Prime on June 26, flagged by Arkham Intelligence. The SEC is cautiously approving Bitcoin and Ether ETFs but remains uncertain about other tokens like Solana.Disclaimer. The information provided is not trading advice. Cryptopolitan
- 03:51Andre Cronje has created a new project, Flyingtulip, positioned as a high-leverage contract trading protocolNews on March 10th, Sonic (formerly Fantom) co-founder Andre Cronje (AC) has added the tag "flyingtulip founder" to his personal X profile. According to the official website of the project, flyingtulip is positioned as a new generation of intelligent trading protocol that can support more than 50 times leverage trading. The protocol uses adaptive curve technology, which can automatically adjust between constant product and constant sum curves according to real-time market volatility, providing traders with better execution prices while bringing optimal returns for liquidity providers.
- 03:47Market expectations suggest that the Federal Reserve may resume rate cuts as early as JuneIn light of Trump's chaotic tariff policy and federal government layoffs, bond traders are signaling an increasing risk of economic stagnation in the United States. Less than two months into Trump's presidency, there was speculation that he would inject stimulus measures to expand the US economy and continue to put upward pressure on US Treasury yields, but this speculation is quickly being discarded. Instead, traders have been buying short-term U.S. Treasuries in large quantities since mid-February, with a significant drop in two-year Treasury yields. The market expects the Federal Reserve may resume rate cuts as early as June to prevent economic deterioration.
- 03:45Bitcoin Magazine CEO: The US Department of Justice may sell Bitcoin against the President's wishes, causing recent pressure on Bitcoin pricesBitcoin Magazine CEO David Bailey posted on social media, "If the U.S. Department of Justice has been hastily liquidating the Bitcoin held by the U.S. government within three months after obtaining court approval (against the president's wishes), then this can explain Bitcoin's recent price trend." This implies that government sell-offs may be a significant reason for the recent pressure on Bitcoin prices.