lowering

BNB Chain Chief Growth Officer Nina Rong commented on "the debate between Arbitrum founder Steven Goldfeder and Solana co-founder Toly regarding the Robinhood Chain fee model": "Continuing to push Gas fees lower is no longer the highest priority for the blockchain industry. The real priority for all public chains today is to find sustainable business models and reinvest the profits into technology and growth. This business model can be based on Gas fees, revenue sharing, or other forms of business collaboration. Over the past five years, the impression of blockchain foundations has mostly been two things: one is issuing grants and making investments; the other is reducing Gas fees. If we want to continue for another five years, blockchain companies must have a solid business structure."

According to Jinshi, U.S. President Trump stated that energy prices will decrease, and businesses should start lowering prices.

According to Jinshi reports, Michelle, the head of global fixed income at JPMorgan Chase, stated that this is not an economic environment suitable for interest rate cuts.

According to BBX data, last week the expansion of institutional crypto infrastructure and the differentiation of cash flow management models for mining companies were implemented simultaneously. The core dynamics are as follows:Morgan Stanley (NYSE: $MS) Wealth Management Department and Galaxy Digital Inc. (NASDAQ: $GLXY) officially announced a recommended cooperation agreement on June 5: allowing Morgan Stanley's qualified high-net-worth clients to lend directly held BTC, ETH, or SOL to Galaxy Digital. After Galaxy, as an Authorized Participant (AP), completes the creation of physical shares, the corresponding spot crypto ETP shares (including Morgan Stanley Bitcoin Trust, NYSE Arca: $MSBT) will be directly transferred to the client's brokerage account; the converted ETP shares can be used as collateral for account financing. Key parameters: Galaxy Digital has reduced the minimum trading threshold for Morgan Stanley's recommended clients from $25 million to $5 million, significantly expanding the coverage of qualified high-net-worth clients; traditional similar institutional trades usually take more than four weeks to complete, while the new mechanism can shorten the entire process by up to 75%. The legal basis for this cooperation is the SEC's approval of the physical conversion ETF mechanism for crypto assets in July 2025, allowing direct physical conversion between directly held crypto assets and spot crypto ETFs, with Morgan Stanley's $MSBT being one of the first beneficiary products.Bitdeer Group, Inc. (NASDAQ: $BTDR) reported that as of the week of June 5, 2026, Bitcoin mining output was 205.3 BTC, with the same amount sold, resulting in a net holding of 0 BTC, maintaining a current BTC position of zero, continuing the "output equals sale" cash flow management strategy; the proceeds from sales are used to support the R&D of its SEALMINER mining hardware product line and the expansion of hash power hosting services. Bitdeer's zero holding model sharply contrasts with mining companies like CleanSpark, Inc. (NASDAQ: $CLSK) (holding approximately 13,561 BTC) and MARA Holdings, Inc. (NASDAQ: $MARA) (holding approximately 35,303 BTC), which continue to accumulate Bitcoin, representing another financially rational path for mining companies during the BTC price downturn cycle—exchanging immediate liquidity for stable operational cash flow, avoiding the impact of single asset price fluctuations on the balance sheet.

According to Jinshi, U.S. President Trump stated in an interview with NBC that it would be a mistake if the Federal Reserve chooses to raise interest rates.He pointed out that interest rates should not be raised immediately when economic data performs well and emphasized that rates should be lowered to support economic growth. Trump's remarks have increased the economic and political pressure faced by the new Federal Reserve Chairman Kevin Warsh.

According to Jinshi reports, Federal Reserve Governor Milan stated that interest rate cuts are the appropriate choice and pointed out that the Federal Reserve's policies have suppressed the job market.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve raising interest rates by 25 basis points in April is 0.5%, while the probability of keeping rates unchanged is 99.5%. By June, the cumulative probability of a 25 basis point rate cut rises to 7.1%, with the probability of keeping rates unchanged at 92.4%. By July, the cumulative probability of a 25 basis point rate cut is 18.1%, and the probability of keeping rates unchanged is 80.6%.

According to Jinshi reports, the market expects about a one-third probability that the Federal Reserve will cut interest rates by 25 basis points this year, and bond traders have slightly reduced their bets on rate cuts. Data shows that due to the rise in gasoline prices caused by the Iran war and the acceleration of inflation in the U.S. in March, U.S. Treasury bonds fell slightly after the report was released, with yields on various maturities rising by two to three basis points. Tom di Galoma, Managing Director of Mischler Financial Group, stated that today's CPI data will not support bond prices, and next month's inflation report will bring more trouble to investors and the Federal Reserve.

According to Jinshi reports, the probability of the Federal Reserve cutting interest rates continues to decrease, with interest rate futures pricing the rate cut this year at 13 basis points, down from 17 basis points at the end of Powell's press conference.

According to Jinshi reports, U.S. Democratic Senator Warren stated that President Trump is obstructing the Federal Reserve from lowering interest rates.

According to Jinshi reports, the Governor of Bank Indonesia stated that the possibility of the Federal Reserve lowering interest rates seems to have decreased.

According to Jinshi, U.S. interest rate futures indicate that the probability of the Federal Reserve cutting rates in June has slightly increased to 69%, up from 63% before the data was released.

According to Phoenix Network, U.S. President Donald Trump stated that if Kevin Warsh had ever expressed a desire to raise interest rates, he would not have been nominated for the position of Federal Reserve Chairman."If he came in and said, 'I want to raise (rates),' then he wouldn't get the job, no," Trump said in an interview with NBC News on Wednesday.Trump indicated that the Federal Reserve's interest rate cuts were "not much" of a suspense, as "our rates are too high," but now "we've become a wealthy nation."When asked if Warsh understood that the president wanted him to lower the benchmark interest rate, Trump responded, "I think he understands, but I think he wanted to do that anyway."Trump's remarks may be referenced during Warsh's confirmation process, and the independence of the Federal Reserve is likely to become a central issue in the confirmation process.Republican Senator Thom Tillis of the Senate Banking Committee has vowed to block any nominee from Trump to the Federal Reserve until the Department of Justice concludes its investigation into the renovation of the Federal Reserve headquarters.Outgoing Chairman Jerome Powell described the investigation as a nearly unabashed attack on the Federal Reserve's ability to independently decide monetary policy. Trump administration officials have denied this, but Trump himself has pressured Powell for months to cut rates.Warsh, who previously served as a Federal Reserve governor, was known for his hawkish stance on inflation, but he has recently expressed support for interest rate cuts.

According to CME's "FedWatch" data, the probability of the Federal Reserve cutting rates by 25 basis points in January is 16.6%, while the probability of maintaining the current rate is 83.4%.

According to Jinshi reports, Federal Reserve official Goolsbee stated that if it is clear that inflation is receding, interest rates could be considered for a reduction.

According to Jinshi reports, after the Consumer Price Index (CPI) is released in November, the U.S. federal funds rate futures show that the likelihood of the Federal Reserve cutting interest rates in January has increased from 26.6% to 28.8%.

According to Jinshi reports, U.S. President Trump stated that he will soon announce the next Federal Reserve Chairman, who will advocate for significantly lowering interest rates.

According to Jinshi reports, after the non-farm data was released, the CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in January next year is 24.4%, while the probability of keeping rates unchanged is 75.6%. By March next year, the cumulative probability of a 25 basis point rate cut rises to 44.4%, the probability of keeping rates unchanged is 46.1%, and the cumulative probability of a 50 basis point rate cut is 9.5%.

According to CoinTelegraph, market analyst Jeff Park stated that long-term investors holding large amounts of Bitcoin ("whales" or "OGs") are pressuring the Bitcoin spot price downward by selling covered call options, introducing disproportionate selling pressure.This means that market makers must hedge the risk exposure of buying call options by selling spot Bitcoin, which forces the market price to drop, even though traditional ETF investors have strong demand.Note: Selling call options gives the buyer the right, but not the obligation, to purchase the asset at a predetermined price in the future, while the seller collects the option premium.