Total Cryptocurrency Market Cap Breaks Through $3 trillion

Investor James Steven Chanos said he sold "MSTR" (formerly known as MicroStrategy) to buy bitcoin. Michael Saylor, founder and CEO of MSTR, is an amazing salesperson. Earlier in June, Chanos believed that Saylor's MSTR was a lot of short risk, while others saw it as risky.

Budget spending in May hit a record high for the month, US Treasury officials said. Total U.S. customs revenue hit a record $23 billion in May, up $17 billion from a year earlier, a nearly fourfold increase.

U.S. Treasury Secretary Vincent Bescent reiterated that stablecoins could lock in the dominance of the U.S. dollar.

Spot gold rose more than $20 in a 30-minute short-term, now trading at $3,343 an ounce. WTI crude oil rose 5.00% in the day, now trading at $67.10 a barrel. Brent crude oil rose nearly 5%, now trading at $69.38 an ounce.

The market shows that BTC has fallen below $109,000 and is now reported at $108,993.42. The 24-hour increase has narrowed to 0.25%. The market is volatile, so please do a good job in risk control.

U.S. Treasury Secretary Vincent Bescent: Ready to move up the date for good faith negotiations with trading partners. Plans to attend the G7 meeting with U.S. President Donald Trump next week, and is expected to meet with Canadian Prime Minister Carney. May extend the July 9 deadline for some countries to negotiate a trade deal.

Coinbase: Some users may experience delays on Coinbase Advanced; issue has been confirmed and is being fixed.

Alliance DAO co-founder QwQiao said in a post that they advised founders to focus on the product itself, so that CEX cannot be ignored, so that it can be launched for free, otherwise it will lose users to competitors. In the context of CEX's market share continuing to be eroded by DEX and high fees, this strategy is increasingly important.

U.S. 10-year Treasury bond auction to June 11 - the winning interest rate is 4.421%, the previous value is 4.34%. The percentage of the winning interest rate allocation is 30.58%, the previous value is 92.86%. The bidding multiple is 2.52, the previous value is 2.6.

According to Onchain Lens monitoring, a new wallet withdrew 14,916 SOL ($2.48 million) from Binance and bought 1.68 million FARTCOIN at a purchase price of $1.4.

U.S. Treasury Secretary Vincent Bescent said he could face the biggest crisis since 2008-09 if the debt ceiling issue is not resolved. In addition, he expressed his willingness to remain as Treasury Secretary until 2029.

Tether CEO Paolo Ardoino retweeted the news that Bank of America will issue a stablecoin on the X platform, with the caption "Select your player", suspected to suggest that the two sides may cooperate. Previously, the CEO of Bank of America expressed his willingness to launch our own stablecoin with partners. The trading volume of stablecoins is mainly concentrated in transactions between cryptocurrencies.