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Today's International News

1. The U.S. Department of Energy announced that it will sell nearly 1 million barrels of gasoline reserves.

2. Pakistan will raise the stock circuit breaker mechanism to 10% by July 22.

3. US media: Israel is reportedly in agreement with the United States on shelving the large-scale attack on Rafah.

4. Czech Foreign Minister: The EU approved the use of proceeds from Russia's frozen assets in Ukraine.

5. Spain announced the permanent withdrawal of its ambassador to Argentina.

6. Source: Egypt arbitrarily changed the ceasefire agreement submitted to Hamas.

7. ECB President Lagarde: We are very confident that we have controlled inflation, and there is a high possibility of a rate cut in June.

8. Fed-Waller: If the data supports it, we may consider cutting interest rates at the end of the year, and there is no need to raise interest rates at the moment. The possibility of re-acceleration of inflation can be ruled out; Barr reiterated that high interest rates need to be maintained for a longer period of time; Bostic: To ensure that inflation does not rebound, it is expected that there will be no rate cut before Q4.

Here are some of my simple analysis:

Pakistan raises stock circuit breakers: Investors may look to other asset classes, such as cryptocurrencies, as a means of diversifying risk.

Israel and the United States shelve plans to attack Rafah: Easing geopolitical tensions may increase market confidence and may have a negative impact on risky assets, including cryptocurrencies.

The EU approves the use of Russian frozen asset earnings: Good for cryptocurrencies.

Egypt changes ceasefire agreement: Geopolitical uncertainty may increase market demand for cryptocurrencies as safe-haven assets, which is good.

ECB President Lagarde's comments on inflation: If the market expects a rate cut, this may increase liquidity and have a positive impact on the cryptocurrency market.

Comments from Fed officials on interest rates: Rate cuts are still uncertain, but neutral, and the future is still good.

Summary

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