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According to reports, regarding the two-year reduction period for the food and beverage consumption tax, the Japanese government is leaning towards setting the tax rate at 1% rather than zero. It has been learned that in order to achieve the zero tax rate promised by the Liberal Democratic Party during the House of Representatives election in February, it would take up to about one year to modify the cash register systems at retail stores. However, if the rate is set at 1%, the modification time can be shortened to around half a year. Therefore, as a measure against surging prices, the view that priority should be given to early implementation is gaining more support. Japanese Prime Minister Sanae Takaichi is expected to make the final decision as soon as late June.

Currie, Chief Strategist for Energy Transition at Carlyle and Co-Chairman of Abaxx Markets, pointed out that the Asian oil market is currently very close to these so-called "minimum operating levels." Europe may follow closely, while the United States could face supply shortages in July. This statement further highlights the energy shock that the Iran war has brought to the world. (CNBC)

According to ChainCatcher, citing Coinglass data, if BTC falls below $73,453, the total long liquidation amount on major CEXs will reach $1.233 billion. Conversely, if BTC breaks above $80,721, the total short liquidation amount on major CEXs will reach $1.035 billion.