Source: International News Hub
The relationship between U.S. President Trump and the world's richest man, Musk, is rapidly deteriorating, escalating into a war of words on their respective social media.
The two stood together in the Oval Office last week, declaring their lasting friendship, but on Thursday they were mocking and insulting each other in real time. The sadness, ingratitude, and disappointment that initially surfaced quickly escalated into mutual threats.
Since Elon Musk publicly opposed Trump's "big and beautiful" plan on Tuesday, the rift between the two has continued to grow. Musk called the plan "a disgusting and ugly act" that will surely destroy America's finances. On Thursday afternoon Eastern Time, Musk posted on his X platform that Trump would never win back the White House without his help.
Trump called the billionaire "crazy" and threatened to cancel his company's federal contracts. Musk retaliated, saying he would retire the crucial Dragon spacecraft that supports the International Space Station. Tes

Trump and Musk accused each other, with Trump demanding that Musk cancel electric vehicle policies and government subsidies, warning that taxes might rise. Musk responded by stating that he would retire the Dragon spacecraft and warned that tariffs would trigger an economic recession, while also launching a poll to support a new political party. The dispute affected the Crypto Assets market and the stock prices of their respective companies.

Yuga Labs CEO Greg Solano proposed dissolving the ApeCoin DAO and transferring assets to a new entity called ApeCo, claiming that the current governance model is ineffective. The new entity will focus on high-quality projects and strengthen core pillars, and if the proposal passes, ApeCoin holders will lose their governance rights. This is part of Yuga Labs' strategic restructuring.

Author: Ji Zhenyu; Source: Tencent News "Qianwang"
As many expected, Musk's relationship with US President Donald Trump is completely broken. On June 5, the conflict between the two was completely made public, they shouted in the air on social platforms, and both sides carried out personal attacks without reservation. Musk said that "if it weren't for himself, Trump wouldn't be president at all, and the other party has no gratitude"; Trump, on the other hand, called "Musk crazy" and threatened to stop the government's contract with Tesla.
The trigger for this ugly mutual attack was Musk's public dissatisfaction with the "big and beautiful bill" proposed by the Trump administration. Under the bill, the U.S. government will continue to take fiscal expansionary measures to further widen the fiscal deficit. But in the eyes of many people, the contradictions between the two sides have been accumulating for a period of time, and June 5 was just a concentrated public outbreak, the core of which is that Musk believes that he has not paid for it

The overnight BTC continues to game around the 30-day moving average of 105k. Today's 6.5 teaching chain internal reference "The First Stablecoin Stock Circle Company US Stock IPO" mentioned another major event in the industry, which is that the financial regulatory agency MAS in Singapore issued a new regulation at the end of May, significantly tightening the access to the encryption/web3 industry. The new regulation will take effect at the end of June, with no buffer period given, and the attitude is quite tough!
From the so-called "encryption paradise" to the expulsion order, this abrupt policy shift has caused the crypto industry to exclaim that the Web3 retreat in Slope County is about to arrive.
The sky has fallen in Po County.
Why do you say that?
The teaching chain still remembers that more than three years ago, in February 2022, the Supreme Court issued a judicial interpretation (Fa Shi [2022] No. 5), which listed "illegally absorbing funds through methods such as trading in virtual coins" as one of the methods of illegal fundraising, marking the first time that virtual currency trading was addressed at the criminal law level.

Brazil is considering taxing cryptocurrency transactions amid public backlash against increased financial transaction taxes. Lawmakers are exploring this option as a potential mitigation strategy, though legality concerns have been raised.

Author: Chen Daotian
Since March 2021, when inflation began to significantly exceed the target of 2%, more than four years have passed, and the Federal Reserve has yet to bring the inflation rate back to 2%. Currently, Trump's tariff war is set to bring new price pressures, and the tax cut plan may provide additional economic stimulus. High inflation is likely to enter its fifth year, whereas the well-known stagflation of the 1970s lasted only a decade. The Federal Reserve's relentless pursuit of the 2% inflation target is long and arduous, reminiscent of Gabriel García Márquez's "Love in the Time of Cholera."
Tariffs and Prices: Where Have They Increased?
After the two "pauses" in tariffs on April 9 and May 12, negotiations between the United States and its major trading partners, the EU, China, and Japan, have not yet yielded results. However, with nearly two months of relatively complete data on the newly implemented tariffs that are already in effect, we can roughly estimate the impact of the tariffs on prices.