Odaily Planet Daily reports that with the US-Iran peace agreement releasing a large supply, oil prices have fallen across the board, with demand unable to absorb the impact, reigniting discussions about a crude oil oversupply. This is a stunning reversal; less than three months ago, major global physical crude oil benchmark prices hit record highs; and just weeks ago, senior industry executives were warning that global inventories had fallen to extremely low levels due to the Iranian crisis. Beyond the immediate impact of the Strait of Hormuz reopening, analysts from institutions like Morgan Stanley and Goldman Sachs have warned this week of the risk of a supply glut next year. Kit Haines, head of oil research at energy consultancy Energy Aspects, said, "The overwhelming sentiment in the market right now is bearish." Even before the US and Iran signed the memorandum of understanding to reopen the Strait of Hormuz in mid-June, suppliers in the Persian Gulf were already increasing shipments. In the weeks following the agreement, more than 60 million barrels of crude oil stranded due to the outbreak of war flooded the market. (Jinshi)

According to the latest data from the Federal Reserve, the seasonally adjusted broad money supply (M2) rose to $23.05 trillion in May, breaking the $23 trillion mark for the first time and setting a new historical high. M2 has increased for five consecutive months since the beginning of the year, accumulating an increase of approximately $623 billion from $22.43 trillion in January, with a month-on-month increase of approximately $247.8 billion, indicating continued expansion of liquidity. Some industry insiders believe that this growth may reflect the Fed's renewed release of liquidity after a tightening cycle, sparking discussions about a "re-emergence of monetary easing." However, mainstream economic views point out that money supply usually grows naturally with the size of the economy, and the current increase can also be seen as a correction of previous contraction. In terms of asset pricing, the market is generally concerned about the potential impact of liquidity on risky assets. Due to their limited total supply, crypto assets such as Bitcoin are seen by some investors as tools to hedge against currency devaluation, and the narrative of "liquidity-driven market" is heating up again. Meanwhile, the continued increase in gold holdings by global central banks as reserve assets is also seen as an indirect hedging signal for the long-term stability of the fiat currency system. The next M2 data release will be in late July, and the market will continue to monitor whether the liquidity expansion continues. (Bitcoin News)

According to Odaily Planet Daily, on-chain analyst Ai Yi monitored that six addresses bought 12,128 ETH through Cowswap in the past two hours at an average price of $1,760.55, and then transferred them to Tornado Cash in batches. It is understood that the USDC used to buy ETH were all transferred from Solana via Circle CCTP, and the transactions of the source addresses can be traced back to 4 years ago.

Odaily Planet Daily reports that Strategy CEO Phong Le, in an article published on the X platform, stated that Bitcoin is essentially an "embodiment of freedom," comparing it to "the United States in the monetary realm." He recalled his experience in Vietnam, noting the significant changes in Vietnam's economic development and social vitality, but stating that "the United States remains a desirable destination for many globally," symbolizing opportunity, upward mobility, and institutional freedom. Phong Le pointed out that the United States' long-term success stems from its constitutional system, capitalist mechanisms, and innovative culture, enabling ordinary people to achieve upward social mobility through education, entrepreneurship, and risk-taking. His family's experience as Vietnamese refugees immigrating to the United States exemplifies this system. Based on this, he defines Bitcoin as "the United States in digital form," believing that through transparent rules, code execution, proof-of-work, and a fixed supply mechanism, it achieves a "non-sovereign monetary order" similar to a constitutional system. Phong Le emphasized that Bitcoin is not only an asset but also a "mechanism of hope," providing an alternative for savers in inflationary environments, residents of institutionally unstable regions, and those seeking asset sovereignty. Bitcoin shares core values with the American system: individual sovereignty, property rights, open competition, and long-termism. He concluded, "The United States offers freedom at the national level, while Bitcoin offers monetary freedom at the network level."

According to GMGN market data, Binance Life surged over 20% in a short period, reaching a high of over $0.91, and is currently trading at $0.78. Odaily reminds users that the price of Meme coin is highly volatile, and investors should participate with caution.