Trump Grants EU Time for Customs Talks
US President Donald Trump has extended the deadline for ongoing trade talks with the European Union until July 9. This decision comes after Trump’s previous threat of a 50% tariff. Describing his phone call with President Ursula von der Leyen as a “good call,” Trump said on Truth Social that “it was a privilege to extend the deadline.”
Last month, Trump announced a 20% tariff on most EU goods, then reduced the rate to 10% by July 8. However, last week, he voiced his dissatisfaction with the slow progress of the talks and threatened a 50% tariff. The EU side stated that it remains constructive in the process. The EU Trade Commissioner said, “We are committed to a mutually respectful agreement.”
Saylor’s Bitcoin Buy Signal
Strategy’s co-founder Michael Saylor gave a buy signal after the recent decline in Bitcoin. While it is known that the company has been making regular BTC purchases for the last 7 weeks, on May 19, it bought 7,390 BTC for $ 765 million, increasing its total assets to 576,230 BTC. Saylor gave a new buy signal to his followers by saying, “I only buy Bitcoin with money I can’t afford to lose” via X.
Saylor’s aggressive strategy added $ 21.8 billion in unrealized gains to Strategy’s balance sheet. According to analyst Jeff Walton, this approach could make Strategy a $ 10 trillion company. Unlike others, the company invests the billions of dollars it has acquired not in operations, but in appreciating BTC. Saylor argues that Bitcoin will reach million-dollar levels in the long term.
Tether to Launch New Stablecoin Specific to the US
Tether CEO Paolo Ardoino announced that the company is preparing to launch a new stablecoin separate from USDT for the US market. Stating that they are “used to” the regulatory proposal called the GENIUS Act, Ardoino said that USDT will continue to focus primarily on developing countries with a high number of unbanked individuals.
Stating that the new stablecoin will serve different usage needs in the US, Ardoino stated that the local stablecoin will have different features than USDT and will be designed entirely in line with the US economy. Ardoino, who stated that they supported the adoption of the GENIUS Act, called the reserve requirement introduced by the regulation “a great idea.”
Kalshi Expands Crypto Investments with Solana
US-based prediction platform Kalshi now allows users to fund their accounts with Solana (SOL). This becomes the fourth supported crypto asset after USDC, Bitcoin and Worldcoin (WLD).
Kalshi aims to provide users with delay-free participation in prediction markets by offering higher limits (up to $ 500,000) and instant access to funds on crypto investments. The system, integrated with the Zero Hash partnership, promises speed and flexibility compared to traditional bank transactions.
Polygon Co-Founder Mihailo Bjelic Leaves the Network
Polygon co-founder Mihailo Bjelic announced that he has stepped down from his duties in the project. With this decision, only Sandeep Nailwal remains on active duty among the founders.
Bjelic said in a statement on X, “After a long period of thought and evaluation, I have decided to leave my position at the Polygon Foundation and end my daily duties at Polygon Labs.” The POL token fell 5% to $ 0.23 following the news.
Semler Scientific Made New BTC Purchases, But Faces Legal Investigation
Health technology company Semler Scientific increased its total BTC holdings to 4,264 tokens (approximately $ 466 million) with its new $ 50 million Bitcoin purchase. However, this move did not prevent the company from facing legal problems. The US-based Bragar Eagel & Squire law firm has launched an investigation into the company’s compliance with securities laws and business practices.
The Department of Justice (DOJ), which is examining the company’s government reimbursement requests for the QuantaFlo device, has made various inquiries since 2017, and the latest talks have not resulted in an agreement. There is currently talk that the DOJ could potentially file a new legal complaint. Despite all these developments, Semler Scientific’s aggressive Bitcoin strategy continues.
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BITCOIN (BTC)
BTC is trading at $109,490 as of morning hours, up 0.42%. Bitcoin recovered from the support it received at 107,319 and is currently trading at 109,460. If this upward momentum continues, the 111.861 resistance could be tested again. However, this level has acted as a strong sell zone in the past. In case of a possible pullback, the 107.319 and 105.778 levels can be monitored as support. The overall structure will remain positive as long as it remains above 105,778.
ETHEREUM(ETH)
ETH is priced at $ 2,565 with a 0.51% gain as of the morning hours. Ethereum continues its horizontal movement in the 2,450 – 2,700 band. The price is still trading in the middle levels of this wide horizontal channel and has not determined a clear direction. While closings below 2,450 may increase the selling pressure, closings above 2,700 may pave the way for a strong rise. For short-term direction determination, this band needs to be broken.
RIPPLE(XRP)
XRP is trading at $ 2.3442 as of the morning hours with a 0.11% gain. Ripple is approaching the horizontal resistance band at 2.3630. This level is of critical importance for short-term price movements. If the price can break this level upwards, the next target may come to the agenda. However, if it is rejected, the 2.2330 level may be retested. This scenario shows that consolidation may continue in the short term.
AVALANCHE(AVAX)
AVAX is trading at $ 23.35 as of the morning hours, losing 0.43%. Avalanche is trying to close above the 23.00 level. This level has often served as both resistance and support in the past. Although the current price action signals a short-term recovery, the 24.00-24.50 band above may work as a strong resistance zone again. If the downward pressure increases again, the 22.00 level should be watched as the first support.
SOLANA(SOL)
SOL is trading at $177.52 with a 1.78% gain as of the morning hours. The Solana price is trying to rise above the horizontal resistance at 176.27. This level has worked as both support and resistance many times in recent days. If the daily close is above this level, it can be expected that the upward momentum will continue and the 184.94 level will be tested. Exceeding this level may further encourage buyers. On the other hand, if the price remains below the 176.27 level, a pullback towards the 166.26 support may occur in the short term.
