Binance Square Daily News｜6/28 International Focus: Ongoing Inflation Pressure, SEC Drives Tokenized Stocks
BTC is reported at $60,266 (-0.27%), while ETH is reported at $1,583 (-0.17%). In the past 24 hours, trading volume for BTC is about $482 million, and for ETH about $232 million.
Key international news:
• Macro inflation: Eurozone May inflation rose to 3.2%. Fueled by US Middle East energy-related factors, expectations for an ECB rate hike in June warmed up, while the Fed maintained a hawkish stance.
• Regulatory developments: The SEC is nearing the rollout of a policy allowing crypto companies to provide blockchain stock trading. The tokenized stock market could see potential volatility, as the CLARITY Act continues to advance.
• Crypto ecosystem: The stablecoin market capitalization keeps hitting new highs. RWA tokenization growth increased 38%, breaking $20 billion. The MiCA authorization deadline on 6/30 is approaching.
• Geopolitics: After tensions between the US and Iran eased, oil prices fell, but inflation pressure is still weighing on risk-asset sentiment.
My take: In the short term, the market is being pulled between inflation data and regulatory expectations. Trading may be more conservative, with priority given to monitoring the latest developments on MiCA and the SEC.
BTC is reported at $60,266 (-0.27%), while ETH is reported at $1,583 (-0.17%). In the past 24 hours, trading volume for BTC is about $482 million, and for ETH about $232 million.
Key international news:
• Macro inflation: Eurozone May inflation rose to 3.2%. Fueled by US Middle East energy-related factors, expectations for an ECB rate hike in June warmed up, while the Fed maintained a hawkish stance.
• Regulatory developments: The SEC is nearing the rollout of a policy allowing crypto companies to provide blockchain stock trading. The tokenized stock market could see potential volatility, as the CLARITY Act continues to advance.
• Crypto ecosystem: The stablecoin market capitalization keeps hitting new highs. RWA tokenization growth increased 38%, breaking $20 billion. The MiCA authorization deadline on 6/30 is approaching.
• Geopolitics: After tensions between the US and Iran eased, oil prices fell, but inflation pressure is still weighing on risk-asset sentiment.
My take: In the short term, the market is being pulled between inflation data and regulatory expectations. Trading may be more conservative, with priority given to monitoring the latest developments on MiCA and the SEC.