u.s.

According to Jinshi reports, the New York Fed stated that the U.S. 3-year inflation expectations remain unchanged at 3.1%, and the 5-year inflation expectations remain unchanged at 3%.

According to Gate market data, U.S. stocks opened with the Dow Jones Industrial Average up 0.26%, the S&P 500 index up 0.79%, and the Nasdaq Composite index up 1.39%. Intel (INTC.O) rose 11.5%, and Google placed an order for over 3 million TPUs. American Battery Technology Company (ABAT.O) rose 25.5% after the company won an appeal, restoring its eligibility for funding from the U.S. Department of Energy. Marvell Technology (MRVL.O) rose 9.6%. The Nasdaq China Golden Dragon Index rose 0.53%.

According to The Block, a joint letter initiated by Stand With Crypto, the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a prompt full Senate vote on the Digital Asset Market Clarity Act (referred to as the CLARITY Act). More than 200 crypto companies, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, participated in signing.The joint letter points out that the CLARITY Act will establish a comprehensive federal regulatory framework for the digital asset market, clarify the division of responsibilities among regulatory agencies, provide feasible registration pathways, and protect software developers' innovation while encouraging more digital asset businesses to return to the U.S. market. The signatories stated that the act would help keep innovation, jobs, investment, and market activities in the U.S., further solidifying the country's leading position in global digital asset innovation.It is understood that the CLARITY Act received bipartisan support from the Senate Banking Committee last month and passed the committee's review. Senator Cynthia Lummis subsequently stated that the next step for the act will be to enter the full Senate review stage.Additionally, 160 former national security and law enforcement officials had previously signed in support of the act, and U.S. Treasury Secretary Scott Bessent and White House crypto advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of the Trump family's interests in relation to the crypto industry is still seen as one of the main obstacles facing the advancement of the act.

Senator Kevin Cramer stated in an interview that the U.S. Congress must immediately pass the Clarity Act, or else the cryptocurrency industry and future financial control will completely shift to other countries around the world.He emphasized, "This is not a Bitcoin issue, but a strategic issue of who controls the future of finance."

The U.S. Treasury plans to raise the balance of the Treasury General Account (TGA) to about $900 billion by the end of June and to about $1 trillion by the end of July.Analysis suggests that replenishing the TGA will withdraw liquidity from the financial system, while the current balance of the U.S. reverse repurchase agreements (RRP) has fallen from over $2.5 trillion in 2022 to less than $100 billion, which may put pressure on risk assets such as Bitcoin as future bond issuance could further consume bank reserves.

According to Gate market data, U.S. stock index futures opened lower on Monday, with Nasdaq futures down 0.6% and S&P 500 index futures down 0.4%.

According to Jinshi reports, Guotai Junan's research report points out that the non-farm data in May continued to exceed expectations, signaling a stabilization and recovery in the U.S. job market, which catalyzed market expectations for interest rate hikes and led to significant adjustments in asset prices. The U.S. dollar strengthened, U.S. Treasury rates surged, U.S. stocks fell sharply, and gold weakened. Guotai Junan believes that there are still differences within the Federal Reserve, and there may not be an interest rate hike within the year, but the market in June may be affected by liquidity shocks, and U.S. stocks may face at least one to two months of volatility.

According to Jinshi News, driven by strong U.S. employment data, the market generally expects the Federal Reserve to raise interest rates this year, which has put pressure on the gold market and led to gold completely reversing its gains for the year.During the U.S. trading session, spot gold fell about 3.5%, breaking below $4320 per ounce, failing to maintain its upward trend this year. At the same time, both bond yields and the U.S. dollar exchange rate rose. Currently, the strong performance of the labor market leaves room for Federal Reserve officials to raise interest rates, although tensions in the Middle East have pushed up energy prices. Rising interest rates are generally unfavorable for non-yielding precious metals.

According to Gate market data, the three major U.S. stock indices continued to decline, with the S&P 500 index's drop expanding to 1%, the Nasdaq down 1.6%, and the Dow down 0.3%.

According to Gate market data, at the opening of the US stock market, the Dow Jones Industrial Average rose by 0.1%, the S&P 500 index fell by 0.6%, and the Nasdaq Composite index fell by 1.2%. Most chip stocks declined, with Arm down more than 5%, Micron Technology down more than 4%, Marvell Technology down 6%, and Intel down more than 5%. Lululemon fell more than 10% after its earnings announcement.

According to the official website of the U.S. Congress, the full text of the U.S. House of Representatives' "American Reserve Modernization Act" (H.R.8957, ARMA) has been made public. This bill was introduced on May 21 by Alaska Congressman Nicholas Begich and has now been referred to the House Financial Services Committee for review.The main content of the bill includes: incorporating Bitcoin obtained by the government through criminal or civil forfeiture into a strategic Bitcoin reserve managed by the Treasury Department, establishing a minimum holding period of 20 years during which it cannot be sold or disposed of; establishing a quarterly reserve verification mechanism and introducing independent third-party audits; allowing states to voluntarily hold their Bitcoin in independent accounts at the Federal Reserve.In terms of forward-looking provisions, the bill requires the Treasury Department and the Department of Commerce to jointly study feasible paths for increasing Bitcoin holdings in a budget-neutral manner within 180 days, including converting non-Bitcoin digital assets, forfeiture proceeds, voluntary donations, tax or tariff revenues, and utilizing mechanisms related to the Federal Reserve or gold certificates.Analysts point out that compared to the previous "BITCOIN Act," which called for the purchase of 1 million Bitcoins, ARMA is more moderate and politically feasible, but still leaves room for future federal increases in Bitcoin holdings.

According to Jinshi reports, U.S. interest rate futures data shows that the probability of the Federal Reserve raising interest rates in December has increased from 48% to 63%.

According to Jinshi, the U.S. Bureau of Labor Statistics announced that the non-farm payroll employment for March was revised from 201,000 to 214,000; the non-farm payroll employment for April was revised from 115,000 to 179,000.After the revisions, the total number of new jobs for March and April is 93,000 higher than before the revisions.

According to Coinglass data, the Coinbase Bitcoin Premium Index has been in negative premium for 18 consecutive days, currently reported at -0.1347%, as purchasing power in the U.S. market continues to weaken.The Coinbase Bitcoin Premium Index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price. A negative premium typically reflects significant selling pressure in the U.S. market, a decrease in investor risk appetite, increased market risk aversion, or capital outflows.

A source familiar with SK Hynix said on Thursday that the company informed investors this week that it is benefiting from strong demand for advanced storage semiconductors required for artificial intelligence data center operations, and its proposal for a U.S. listing has received "very positive" feedback.Reports indicate that the South Korean memory chip manufacturer has secretly submitted an application this year, planning to list in the United States. Sources indicated in March that this move could raise up to $14 billion. Additionally, as the review by the U.S. Securities and Exchange Commission is still ongoing, no specific updates regarding the listing process can be provided at this time.

Terry Duffy, the CEO of the Chicago Mercantile Exchange Group, expressed great concern about the recently approved perpetual contracts by U.S. regulators. Terry Duffy stated that perpetual contracts have almost no practical use for institutional investors, yet expose retail investors to excessive risk. He completely disagreed with the CFTC's decision to approve the first batch of crypto perpetual contracts after a rapid review and mentioned that he had called the CFTC chairman to express his concerns.Terry Duffy warned that perpetual contracts and prediction markets are triggering a speculative frenzy among retail investors, which could lead to an impending disaster. The first batch of perpetual contracts approved by the CFTC is listed by Kalshi, and several U.S. exchanges are also discussing launching their own perpetual contracts.

According to Bloomberg, the U.S. House Ways and Means Committee is preparing legislation to establish a cryptocurrency tax structure, which could be released as early as Friday, followed by a hearing early next week. Committee Chairman Jason Smith will prioritize the development of a digital asset tax framework, with the Treasury Department also involved in the process.The committee is expected to release seven bills addressing when tokens obtained through mining or staking will be taxed, exempting certain stablecoin transactions from capital gains tax, equal tax treatment for digital assets and securities (including charitable donations), allowing foreign investors to trade U.S. securities without being taxed as domestic entities, and expanding wash sale rules to digital assets.

According to Gate market data, U.S. stocks closed on Thursday with the Dow Jones Industrial Average initially rising by 1.7%, reaching a new closing high, the S&P 500 index up by 0.4%, and the Nasdaq Composite index slightly down. Nvidia (NVDA.O) rose nearly 2%, Micron Technology (MU.O) fell by 7.7%, and Broadcom (AVGO.O) dropped over 12%. The Nasdaq China Golden Dragon Index closed down by 0.6%, and Xpeng Motors (XPEV.N) fell by 3.5%.

According to Gate market data, at the opening of the US stock market, the Dow Jones rose by 1%, the S&P 500 index fell by 0.4%, and the Nasdaq fell by 1%. Broadcom (AVGO.O) plummeted by 14% after the earnings report was released, with a total market value dropping below $2 trillion, and the AI chip revenue guidance was below market expectations. Chip stocks were under pressure, with Micron Technology (MU.O) down 6.7%, Arm (ARM.O) down 7.3%, AMD (AMD.O) down 5.3%, Intel (INTC.O) down 3.4%, and Nvidia (NVDA.O) down 0.5%.