Main Password: White House allows pension funds to invest in cryptocurrency, main trader trades $1 billion bet on this direction

According to a report by Golden Finance, foreign exchange strategists at TD Securities stated that the possibility of stagflation in the United States has become the latest risk facing the strength of the US dollar, and the US dollar is gradually falling into the "emerging market currency situation" amid political intervention by federal agencies. Although the market seems to have overlooked inflation and instead focused on slowing economic growth, this could be a mistake, "wrote Jayati Bharadwaj, Linda Cheng, and Alex Loo from TD Securities in a report on Monday. The previous US CPI report showed for the first time signs of tariffs being transmitted to the consumer end, despite unexpected downturns, the market still interpreted it as hawkish

OKX-BTC/USDT is currently trading at $118971.40, with a 5-minute decline of 0.03%. Please pay attention to market fluctuations.

The strategy team of Bank of America has lowered their expectations for US bond yields, expecting a 2-year yield of 3.5% by the end of the year (previously 3.75%) and a 10-year yield of 4.25% (previously 4.5%). Strategists point out that recent economic data has changed the market's pricing of interest rate prospects, and the Federal Reserve may adjust its risk assessment and increase its tolerance for inflation.

Analysts suggest that this momentum is fueled by a recent increase in network capacity, rising ether price, and a reduction in transaction costs, particularly for DeFi protocols and stablecoin transfers.

According to CNBC, Trump announced a 90 day extension of tariffs on China, with specific measures yet to be further disclosed.