Trump: Meeting with Chinese Officials in London on June 9th

On June 7th, a member of the ECB Governing Council, Vujcic, declared that the ECB's rate-cutting cycle is approaching its conclusion. (Reported by Xinhua Finance). Previously, the ECB had reduced interest rates eight times within a year, with a total reduction of 200 basis points.

On June 7th, the pre-registration of the first USD1-integrated virtual proof-of-work mining protocol, BitEqual, on the BNB Chain has officially come to an end. The registration address reached up to 222,763. The Genesis Mining is about to commence, and the specific information will be subject to official announcements.

On June 7th, according to Coinglass data, in the event that Bitcoin breaks through $106,000, the cumulative short liquidation strength of mainstream CEX will amount to $1.141 billion. Conversely, if Bitcoin drops below $103,000, the cumulative long liquidation strength of mainstream CEX will reach $1.388 billion. BlockBeats Notes: The liquidation chart does not display the precise number of contracts to be liquidated or the exact value of the contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, strength. Therefore, the liquidation chart shows to what degree the price of an asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, it will experience a more intense reaction due to a liquidity cascade.

On June 7th, Canadian Prime Minister Kane stated that Canada is encountering unfair tariffs from its largest trading partner, the United States. Kane urged the Canadian Parliament to pass the government's proposed "Canadian Economic Unity Act" on that very day in order to expedite the approval process for domestic infrastructure projects in Canada and eliminate internal trade barriers. It is known that the bill aims to reduce provincial trade barriers within Canada, resulting in a unified Canadian market. The bill will also accelerate the approval process for major infrastructure projects, reducing the approval time from five years to two years. Kane further stated that the Canadian government will continuously negotiate with the U.S. government on trade issues and demand that the U.S. "promptly remove the illegal and unfair tariffs imposed on Canada." (Golden Finance)

On June 7th, Alpha Asset Management, a private fund operator, holds Wemade stock worth 35 billion KRW. Currently, this stock is facing increasing losses. Due to the virtual currency Wemix, which once led to the rise in Wemade's stock price, being delisted from the trading platform again, the market's hope for a stock price rebound is fading. The CEO of the company is Choi Jun-hee, who is the husband of South Korean actress Jun Ji-hyun. After being delisted for the second time, Wemix has officially been delisted from domestic cryptocurrency exchanges in South Korea. Previously, Wemade had applied for a ban on four exchanges belonging to the Digital Asset Exchange Alliance (DAXA), but the 50th Civil Affairs Division of the Seoul Central District Court (Chief Judge Kim Sang-hoon) rejected it on May 30th. Wemix is a virtual currency issued by the South Korean game company Wemade through its subsidiary, aiming to build a blockchain game ecosystem. On the 2nd of this month, DAXA decided to

On June 7th, CryptoQuant analyst Axel shared on social media that the present market remains in a long-term bullish trend. Nevertheless, in order to regain a short-term bullish impetus, the price is required to close above $104,800.