According to Stock Talk (@stocktalkweekly), the U.S. government has extended the pause on tariffs for select Chinese goods until August 31. This extension may ease immediate trade tensions and support risk sentiment in global markets, including cryptocurrencies, as traders anticipate reduced volatility and improved liquidity conditions in the near term (source: Stock Talk, June 2, 2025). The decision could encourage short-term bullish activity in both traditional and digital assets tied to global trade flows, especially for crypto tokens sensitive to macroeconomic developments.

According to The Kobeissi Letter, the US Congressional Budget Office (CBO) has indicated that the US risks defaulting as soon as August 2025 if the debt ceiling is not increased. This situation could significantly impact market conditions and requires close monitoring by traders.

According to The Kobeissi Letter, the US Congressional Budget Office (CBO) has warned that the US Treasury could face default as soon as August 2025 if the debt ceiling is not increased. This situation could significantly impact financial markets, particularly affecting US Treasury bonds and potentially causing volatility in the cryptocurrency markets as investors seek safe-haven assets.