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This article reflects the author's thoughts up to the time of publication, which may change in the future. The views expressed are highly subjective and may contain errors in facts, data, or reasoning. Criticism and further discussion from peers and readers are welcome, but this article does not constitute any investment advice.
Despite the small base, crypto assets have still experienced rapid growth.
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In a word, go long or go short?
From a valuation perspective, ENA's price is not undervalued relative to its protocol revenue and profits, and it faces greater inflationary pressure and team unlocking in the future. Therefore, investors need to carefully consider its long-term value and changes in market sentiment.
- 12:10Tokyo Stock Exchange to Lift Margin Trading Restrictions on Metaplanet Starting July 1According to a report by Jinse Finance, Metaplanet CEO Simon Gerovich has revealed that the Tokyo Stock Exchange will lift margin trading restrictions on Metaplanet starting tomorrow (July 1).
- 11:59JPMorgan: Imminent Fed Rate Cut Mistake Could Trigger Major Turmoil in US Stocks, Bonds, and Currency MarketsOdaily Planet Daily – Market expectations for a Federal Reserve rate cut are rising, but JPMorgan’s London strategy team has poured cold water on the optimism. The bank warns that the real reason behind a rate cut may not be favorable for equities and could even represent the “wrong kind of easing,” potentially triggering a chain reaction in the markets. JPMorgan strategists anticipate that the future will likely be a combination of the first and third scenarios—namely, a slowdown in economic activity accompanied by a rebound in inflation. They point out that since 1980, the US dollar typically weakens before a rate cut and continues to decline afterward, with bond yields also falling. The strategists at JPMorgan state that, in most cases, they expect the dollar to hit new lows and US Treasury yields to continue to decrease. (Jin10)
- 11:34Bernstein Assigns "Outperform" Rating to Exchange, Sets Target Price at $230According to a report by Jinse Finance, Bernstein analysts have initiated coverage of stablecoin issuer Circle for the first time, assigning it an "Outperform" rating with a target price of $230. The analysts anticipate that stablecoins will evolve from serving as payment rails within the crypto market to becoming the foundational payment infrastructure for the entire internet, with total supply projected to increase sixteenfold from the current $244 billion to $4 trillion over the next decade. This growth is expected to be driven by transformative developments in crypto and tokenized capital markets, payment systems, and native stablecoin financial services.