Israel bombed Iran, Trump called on the Fed to cut interest rates quickly, BTC 103K Ethereum fell nearly 10%

US stocks closed slightly higher last night, with the market focusing on inflation and unemployment data while digesting Trump's latest remarks on the Federal Reserve (Fed), tariffs, and Middle East situations. Meanwhile, Iran-Israel conflict reignited, and Boeing suffered another major plane crash, with its stock price dropping nearly 5%. Overall, the three major US stock indices closed higher, with the market again betting that the Fed will start cutting rates this year. Bitcoin (BTC) dropped from 108K to 103K, a decline of nearly 4.8%. Ethereum (ETH) fell to $2,498, a decline of nearly 10% .

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Trump Calls on Trade Allies to Accept Tariff Conditions, Demands Fed to Cut Rates Quickly

Trump again spoke on Wednesday (6/11) Taiwan time, demanding that trade allies accept unilaterally set US tariff rates, stating "take it or leave it".

On Thursday (6/12), he again publicly called for the Federal Reserve (Fed) to cut rates, directly calling Fed Chairman Jerome Powell a "fool" and then saying he would not fire him.

(Not firing Fed Powell! Trump emphasizes egg and oil prices have stabilized, tariffs on China will not reach 145%)

Inflation and Unemployment Data Released, Market Expects Higher Probability of Rate Cut

The US Producer Price Index (PPI) for May showed a year-on-year increase of 2.6% and a month-on-month increase of 0.1%, both lower than market expectations, indicating continued easing of inflation pressure. However, the US job market showed signs of weakness:

• Initial jobless claims reported at 248,000: Higher than expected

• Continuing jobless claims at 1.956 million: Higher than previous value

This further increased the market's expectation of two Fed rate cuts, boosting bond market sentiment and causing US Treasury yields to decline, with increased demand for 30-year bond auctions.

Boeing Suffers Another Major Plane Crash, Iran-Israel Conflict Erupts

Within the past five years, Boeing has experienced two fatal crashes and one aircraft door incident. This time, a Boeing 787 crashed shortly after takeoff at 1:38 PM local time at Sardar Vallabhbhai Patel International Airport in India, resulting in over 290 fatalities, with only one survivor. After the news broke, Boeing (BA-US) stock dropped 4.79%, closing at $203.74 per share.

US President Donald Trump warned at a press conference on 6/11 Taiwan time that personnel and military dependents in the Middle East are being evacuated, stating: "It's very dangerous there, just wait and see." Subsequently, Israel launched an airstrike against Iran early Friday local time, directly targeting Iran's nuclear program facilities.

(Israel Raids Iranian Nuclear Facilities, Declares Nationwide "Special Emergency State")

BTC Drops to 103K Range, ETH Declines Nearly 10%

Bitcoin (BTC) dropped from its previous high of $108,813 to $102,664, then recovered to the 103K range, a decline of nearly 4.8%. Ethereum (ETH) fell from its previous high of $2,783 to as low as $2,450, a decline of nearly 10%.

The much-anticipated US Stablecoin Bill 'GENIUS Act' passed a procedural vote in the Senate on 6/11 Eastern Time, preparing to enter the review stage. If passed, it could bring positive developments to the crypto market.

(GENIUS Act Enters Substantive Review! Treasury Secretary Praises: Stablecoin Market May Reach $2 Trillion in Three Years)

Risk Warning

Cryptocurrency investment carries high risk, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.

A Sweep of Illegal Immigrant Activities Transformed into a Military Confrontation

Japanese media pointed out that Trump's tough policy on illegal immigrants has shaken American society. Trump announced the deployment of 2,000 National Guard troops to Los Angeles and added 700 new soldiers. Trump's ordered action clashed directly with California Governor Newsom, who stated that deploying federal troops without state government permission is illegal. This is not just an immigration issue, but a power struggle between the federal and local governments.

Guests on the program noted that although Americans pay less attention to news, large-scale protests have begun to emerge across the United States since Monday. Various sectors have serious disagreements about Trump's handling of illegal immigrants. Some argue that "illegal is illegal and should be expelled," while others point out that law enforcement is too brutal, even affecting families with no criminal records, such as migrant workers in restaurants.

Public Opinion Divide and Systemic Contradictions

Currently, there are approximately 11 million illegal immigrants in the United States, many of whom have been paying taxes and establishing families for years. About 7% of new immigrant families have members with citizenship. In Democratic-governed states (such as California and the Northeast), immigration policies are generally inclusive, while Republican-dominated regions in the South and Midwest are more hardline. However, these conservative areas also heavily rely on illegal immigrants for agricultural and low-skilled labor.

The United States has previously implemented "amnesty" immigration policies multiple times, legalizing some illegal immigrants. However, Trump's immigration policy and military deployment reflect a conservative revolution aimed at reshaping order.

What is Trump's Intention? Fulfilling Campaign Promises or Provocation?

Trump emphasized the concept of "maintaining stability through military means" as early as 2016. He believed that the United States had overused military power overseas (such as in Korea and Japan) and should strengthen domestic order maintenance. This operation against illegal immigrants in Los Angeles is, to some extent, a fulfillment of his campaign promises. Some commentators even suggest that he aims to undermine California Democratic Governor Newsom's reputation and reduce his potential to represent the Democratic Party in the 2028 presidential election.

This strategy of militarizing and politicizing immigration issues is likely to further intensify social divisions. Especially in California's suburban and agricultural areas, even those who oppose immigration heavily depend on immigrant labor, creating internal contradictions that make the situation more fragile.

Public Dissatisfaction with Biden and the Democratic Party's Immigration Policy Continues to Rise

Japanese media delved into the mindset of some Americans supporting Trump's near-violent approach to illegal immigrants. Among this group are college-educated intellectuals who feel they have been pushed out of the job market and forced into service or labor jobs due to the Democratic Party's overly lenient immigration policies. They feel deprived of the rights they believe they should have as Americans, and their pent-up anger has become a core driving force for supporting Trump. If these emotions are deliberately manipulated by politicians, they could become fuel for social unrest.

Possibility of a Civil War in the United States?

If "civil war" is defined as extreme social conflict and increasingly heightened power struggles between federal and local governments, the current situation in the United States indeed has potential conditions. When immigration policies, originally a matter of institutional debate, evolve into bloody street confrontations, the crisis of civil war is no longer just a theoretical assumption but part of a real threat.

Trump's immigration policy goes far beyond immigration itself. It touches the core of American national identity: Who is a "true American"? Who is qualified to govern this country and hold citizenship? When such questions become the axis of political mobilization, what is torn apart is not just political parties, but the entire nation.