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📢 Gate Square Daily Report | June 5
1️⃣ Geopolitical Situation: Trump said that if the US and Iran ultimately reach an agreement, there is no exclusion of the possibility of holding a meeting with Iran’s new Supreme Leader.
2️⃣ Market Dynamics: BTC rebounded to $63,500; US stocks fluctuated mixed, with the Dow up 1.7%, the S&P up 0.4%, and the Nasdaq closing down 0.1%; AI-related stocks dragged index performance.
3️⃣ Crypto Regulation: The US Treasury Secretary said the Treasury is steadily advancing strategic Bitcoin reserves and is pushing the Clarity Act to be passed this summer.
4️⃣ Market Viewpoint: “New Stock God” Serenity today bought IBIT and ETHA at average prices of $62,000 and $1,750, respectively.
5️⃣ Industry Updates: The US House of Representatives’ fund-raising committee’s draft crypto tax legislation is expected to hold a hearing in the early part of next week, accelerating the legislative progress of the crypto tax framework.