The leadership of the US Senate, including Banking Committee Chairman Tim Scott and Majority Leader John Thune, plans to push for the passage of the CLARITY Act before the July recess, with only four weeks left until the one month recess. （Cointelegraph）

CryptoQuant analyst Darkfost stated that approximately 84% of altcoin trading prices on Binance have fallen below the 200 day moving average, a situation that has persisted for nearly eight months and is the second longest weak cycle since 2020. The Total 3 Index has been confirmed to close below its 200 day moving average on a weekly basis. Darkfost pointed out that altcoins have maintained a high correlation with Bitcoin prices in this cycle.

OKX-BTC/USDT is currently trading at $60000, with a 5-minute increase of 0.10%. Please be aware of market fluctuations.

Goldman Sachs strategist Ben Snider predicts that AI investment will dominate the S&P 500 Q2 earnings season, with S&P 500 component stocks experiencing a year-on-year profit growth of approximately 22%. Among them, Nvidia and Micron contributed approximately 40% of the profit increase, while AI infrastructure related stocks contributed nearly 60%. Investors are shifting their focus from capital expenditures of cloud vendors such as Microsoft, Amazon, Alphabet, Meta, to AI investment returns.

Maybank analysts say that the USD/JPY breakthrough of 162 increases the risk of Japanese government intervention, with 162 being considered a key trigger level. Maybank analysts say it is unclear whether intervention is imminent or underway, and Japanese officials have issued warning statements. Maybank is monitoring the potential severe foreign exchange fluctuations that may accompany the intervention and points out that Japan's deposit and securities holdings far exceed the intervention expenditure of $74 billion. Maybank considers 162.00 as the recent pivot point, with 164.00 as the next resistance level after breaking through, and support levels at 158.00 and 155.00.