Trump will announce trade matters related to multiple countries.

● Trump will announce trade matters related to multiple countries.
According to ChainCatcher, Trump posted on Truth Social that he will release trade-related matters concerning at least 7 countries tomorrow morning (Eastern Time), followed by additional countries in the afternoon.
● Central banks around the world are facing tariff pressures, with varying expectations for interest rate cuts.
According to Jinshi Data, Federal Reserve Chairman Powell stated that the risks of tariffs have not yet materialized, and it may be difficult to cut interest rates before autumn. BNP Paribas believes that the impact of tariffs on prices is not significant, while Goldman Sachs expects a slightly higher than 50% chance of an interest rate cut in September. The European Central Bank is concerned about the appreciation of the euro and export pressures, and may cut interest rates in autumn. Deutsche Bank expects rate cuts to alleviate the impact of tariffs, and ANZ predicts weak growth in the Eurozone, with a 25 basis points cut in September. The Bank of England faces a dilemma of weak economic growth and high inflation, with Goldman Sachs expecting a rate cut to start in August, while Bank of America predicts multiple cuts in the second half of the year.
The Bank of Japan avoids the worst tariff situation, but tariffs affect export profits. Capital Economics believes that if tariffs are moderately increased, the expectation for an interest rate hike in October remains unchanged. The Bank of Canada faces the risk of economic contraction, and Deloitte Canada predicts an economic downturn and rising unemployment rates, while Capital Economics forecasts at least two more interest rate cuts. The Reserve Bank of Australia is hindered from cutting rates due to easing inflation and high uncertainty, with financial market prices rebounding as they await more information.
● The on-chain transaction volume of Bitcoin miners has dropped to 3.3%, reaching a new low since November 2022.
According to Odaily Planet Daily, Sentora stated that the on-chain transaction volume of Bitcoin miners is at its lowest level in years. Currently, miner transactions account for about 3.3% of on-chain transaction volume, the lowest level since November 2022. A decrease in the proportion of miner transactions usually indicates that they are more inclined to hoard Bitcoin rather than trading frequently, opting to reduce sell-offs in anticipation of price increases. November 2022 marked a low point in the crypto market, and the current low proportion may suggest more of a wait-and-see sentiment.
● CryptoQuant Analyst: The current BTC Bollinger Band squeeze indicates the market is building momentum, which may signal the next upward breakout.
According to a report by Shenchao TechFlow, CryptoQuant analyst Axel Adler Jr pointed out that the market is experiencing a typical Bollinger Band squeeze, with the range dropping to 7.7%, one of the lowest values during the bull market cycle. The analyst believes this indicates that the market is accumulating energy, and prices are preparing to enter a rally phase, with a higher possibility of an upward breakout. Axel stated that there have been six Bollinger Band squeezes in this bull market cycle, four of which were followed by immediate price increases, and two experienced slight adjustments before resuming growth. The current squeeze state may signal another wave of upward momentum, although there may be slight consolidation.
● Truth Social applies for a crypto blue-chip ETF
According to Odaily Planet Daily, Truth Social has submitted an S-1 form to US regulators to apply for a crypto blue-chip ETF.
● The U.S. Securities and Exchange Commission is considering expediting the approval of a unified listing framework for cryptocurrency ETFs.
According to BlockBeats, the U.S. Securities and Exchange Commission is working with trading platforms to establish universal listing standards for cryptocurrency ETFs. Cryptocurrencies that meet the standards can bypass the 19b-4 process and submit S-1 filings directly, going live after 75 days. This will save paperwork time for issuers and the SEC.
The specific rules for the general listing standards of cryptocurrency ETFs have not yet been clarified, and the market speculates that market capitalization, trading volume, and liquidity are all being considered. Bloomberg Industry Research analysts expect the framework draft to be released this month, with implementation in September or October, and the gateway for other asset ETFs will also be opened.
Analysts estimate the probability of the SEC approving ETFs for SOL, XRP, and LTC to be 95%, while the probability of approval for ETF proposals tracking Dogecoin, Cardano, and Polkadot is about 90%.
● Deutsche Bank Survey: Cryptocurrency Adoption Rate in the U.S. Reaches 17%, Dominated by Males and Young People
According to a report by TechFlow, a survey by Deutsche Bank in June showed that the United States has the largest cryptocurrency user base, with an adoption rate of 17%, higher than the UK's 11% and the EU's 10%. The adoption rate among the 18-34 age group in the US increased from 24% in January to 29% in June, due to the market's optimism about Trump's support for cryptocurrency policies. In the US, wealthy individuals account for 32% of cryptocurrency adopters. 23% of American men use cryptocurrencies for payment or investment, compared to 13% of women. Men generally believe they have a deeper understanding of cryptocurrency. #美加征关税#