In the end, most countries may only accept a 10% basic reciprocal tariff and a few mild industry-specific tariffs. In return, they’ll cut tariffs on U.S. goods, buy more from the U.S., and offer other benefits. But this won’t happen right away.

Each country wants to negotiate but has its own red lines.

•

Japan wants the U.S. to remove tariffs on cars and steel, but the U.S. hasn’t agreed yet.

•

The EU offered to buy $50B more U.S. goods but also warned it might impose tariffs on $100B U.S. products if talks fail. It also eased limits on China relations.

•

The UK and India signed a trade deal.

•

Trump recently spoke with Australia’s new PM and met Canada’s PM—both still sound tough.

Why? Because 10% is acceptable, but extra or industry-specific tariffs would hit domestic industries hard. So countries delay, waiting for U.S. pressure to rise—especially pressure from Trump’s voter base. Once that happens, he may soften.

Trump’s recent comments already show signs of backing down. He said countries may get lower tariffs to help control prices. The Financial Times reported the U.S. and the UK may soon agree: the U.S. will lower tariffs on British cars and steel, and the UK will reduce tariffs and digital taxes. This deal could become a template for others.

2. Why China’s Central Bank Moved Now

Although China had planned to cut rates later, it acted sooner than expected. There may be several reasons:

China sees the U.S. won’t cut rates soon, and can’t wait any longer due to internal pressure.

China expects the U.S. to cut rates soon and wants to act slightly earlier.

China is confident in trade talks with the U.S. That could mean two things:

•

a) The U.S. is under pressure at home and abroad, and talks must happen. The tariff issue might quietly end.

•

b) U.S.–China trust is low. Even if they reach a deal, it will only be temporary. So no need to wait—just act now.

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

Daily Market Insights

1.The Federal Reserve will announce its interest rate decision tonight, with only a 4.4% probability of a rate cut in May.

2.Binance Alpha’s trading volume reached $290.1 million yesterday, hitting another all-time high.

3.May Day Holiday Meme Frenzy: How Did GORK Get Musk to Change His Avatar? | 100x Review

4.Timeline | 22-year-old Zerebro Co-founder’s「Death」 Mystery: Posthumously Launched Coin to Memorialize Himself, Associated Address Continuously Dumping Tokens

5.The Eight Top Perp DEXs Battle in the “Second Half of the Contract” - Who Will Harvest the Billions in Liquidity?

Daily report

2025-06-11 Report

📅 June 11, 2025｜Crypto Research Brief

Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

📊The Market

Currencies: [17,411]

Exchanges: [1,281]

Total Market Cap: [US$3754 B] 1.7%📉

24-Hour Trading Volume: [US$140.18 B]

[BTC 61%📈 ETH 9.4%📈]

Gas: 1.62 GWEI

Altcoin Season Index: [31]

Fear & Greed Index:[68]

（Data sourced from CoinGecko）

🧭Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $254.4 B

🔥Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

🏙️Macroeconomic Overview

•

Divergence Between U.S. Institutional and Retail Investors Resurfaces

•

According to the latest trading data from Goldman Sachs, after heavy selling and shorting in April, hedge funds have now entered a full-blown panic buying mode. Last week marked their fifth consecutive week of net buying U.S. equities, with long positions outpacing shorts by approximately 3 to 1. While hedge funds are “chasing the rally” in U.S. stocks, retail investor enthusiasm in Asia is cooling. Korean and Japanese retail investors have turned to short-selling, while buying activity in Singapore has dropped sharply.

•

Official data released on Tuesday showed that South Korean retail investors became net sellers of U.S. stocks in May for the first time, while Japanese accounts turned net sellers of U.S.-listed ETFs. In Singapore, the number of traders buying U.S. equities in May fell by one-fourth compared to the previous month.

•

The tokenization of US stocks is heating up again. Which on-chain platforms support trading US stocks?

•

Recently, the lines between “crypto” and “U.S. stocks” have increasingly blurred. On one hand, U.S.-listed firms like SharpLink and GameStop have seen stock surges after embracing crypto assets. On the other, crypto companies are going public—most notably Circle, which closed its first trading week at $107.7, up 247% from its IPO price of $31. BitMEX co-founder Arthur Hayes even suggested Circle’s debut could spark a wave of crypto IPOs. As excitement builds, on-chain trading of U.S. stocks is quickly becoming a hot trend.

•

Learn more 👉https://en.theblockbeats.news/news/58527

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

1.Ethereum ecosystem tokens see broad gains, with UNI surging 23.4% in 24 hours

2.Silhouette, a privacy execution layer based on Hyperliquid, completes $3M Pre-Seed funding round led by RockawayX

3.Ethereum Foundation releases the 1TS “Security Challenges Overview” report

4.SlowMist’s Cosmos: Stolen assets from Alby wallet have been recovered

5.HYPE surpasses $42, hitting a new all-time high