QCP Capital: The macro environment remains conducive to further institutional participation in digital assets and capital allocation

Odaily Planet Daily News QCP Capital's official channel said that the market welcomed the tentative progress in Sino-US relations. President Trump announced a partial withdrawal of the proposed tariff increase plan, and the agreement has entered the final stage and is awaiting formal approval. However, optimism remains suppressed. The US Secretary of Commerce took a tough stance on technology exports, making it clear that the United States "will not provide China with the most advanced chips." This highlights the trend of differentiation in the global supply chain, and the market is increasingly incorporating this factor into the pricing considerations of cross-border trade dynamics. Geopolitical tensions have heated up again, and the United States has begun to withdraw diplomats from the Middle East as nuclear negotiations have reached a deadlock. Washington has reportedly received warnings that Israel may launch a strike on Iran's nuclear facilities, triggering a sharp reaction in the oil market. Brent crude oil rose 7%-9% during the day, and risky assets were sold off as investors turned to defensive assets. In addition, speculation that Bessant might succeed Jerome Powell as Chairman of the Federal Reserve heated up, but was quickly diluted. Bessant publicly reiterated his commitment to serve in the Treasury Department until 2029. Meanwhile, after the US CPI data was lower than expected, President Trump again pressured the Federal Reserve to "cut interest rates by 100 basis points across the board," arguing that high debt servicing costs were unsustainable. QCP Capital believes that despite a small correction, the macro environment is still conducive to further institutional participation in digital assets and capital allocation.