Key Takeaways
- Macro Environment: U.S. retail sales contracted, bolstering expectations of a Fed rate cut later this year, especially under the assumption that rising oil prices won't reignite inflation. However, geopolitical tensions are escalating: Trump issued multiple warnings to Iran, China began evacuation efforts, and Israel's national airline suspended flights again—all signaling a possible escalation in Middle East conflict. As a result, oil prices surged, gold held steady, and all three major U.S. stock indices closed lower.
- Crypto Market: With geopolitical risks (Middle East tensions) intensifying alongside the imminent Fed rate decision, market risk appetite cooled significantly. Cautious sentiment led to subdued trading. Bitcoin showed weakness and failed to sustain a rebound, closing down 2.09%. The ETH/BTC ratio remained tightly range-bound near 0.024, and Bitcoin Dominance continued consolidating at a high level—indicating that the altcoin market is still closely tracking Bitcoin. Overall, the crypto market remains in a wait-and-see mode, anticipating Bitcoin’s next move.
- Today's Outlook: Fed FOMC rate decision and Summary of Economic Projections due today. Fed Chair Jerome Powell to hold a press conference on monetary policy. Sonic to launch Season 2 of $S airdrop (June 18); 1.65% of token supply unlocked, worth approx. $15.8M
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 5,982.73 | -0.84% |
| NASDAQ | 19,521.09 | -0.91% |
| BTC | 104,552.50 | -2.09% |
| ETH | 2,509.87 | -1.35% |
Crypto Fear & Greed Index: 52 (down from 68 yesterday) → Neutral zone
Project Highlights
- Trending Tokens: SOL, USELESS, HYPE
- SOL: VanEck’s proposed Solana (SOL) Spot ETF has been registered with the U.S. DTCC under ticker VSOL, marking a significant step toward listing.
- HYPE: Eyenovia (NASDAQ: EYEN) announced a $50M private equity raise to fund the reserve of the Hyperliquid-native token HYPE. The deal is expected to close by June 20, after which the company will rebrand as Hyperion DeFi and change its ticker to HYPD.
- ALT: Following its listing on a Korean exchange, ALT saw a trading volume spike. Altlayer completed a cross-chain swap of 200M ALT tokens from BEP20 to ERC20, resolving liquidity issues on ERC20 markets. Despite no change in circulating supply, the token surged 6% in 24h against the market trend.
- LAUNCHCOIN: After the PumpFun X platform was unblocked, launchpad-related tokens such as LAUNCHCOIN experienced corrections.
Macro Economy
- Israeli forces claimed to have killed Iran’s Armed Forces Chief of Staff
- Iranian military vowed intensified retaliation
- Trump posted a string of warnings, saying U.S. patience is "running out" and reportedly considered military strikes against Iran
- U.S. May retail sales fell 0.9% MoM, the steepest drop in two years
- President Trump instructed his team to initiate talks with Iran
- Bank of Japan held interest rates unchanged
Industry Highlights
- U.S. GENIUS Act approved by the Senate — a historic step for stablecoin legislation
- Ohio’s HB 116 “Bitcoin Rights Act” passed unanimously
- Thailand’s cabinet approved 5-year crypto tax exemption on capital gains from digital asset sales
- Bank of America ranked Bitcoin among the most disruptive innovations of the millennium
- DDC Enterprise, a cross-border e-commerce company, raised $528M to accelerate Bitcoin treasury strategy
- JD.com plans to apply for stablecoin licenses in major global economies
- JPMorgan conducted a trial for JPMD deposit tokens on the Base chain, marking its first on-chain commercial deposit
- Eyenovia invested $50M in HYPE reserves; to rebrand as Hyperion DeFi
- VanEck’s Solana ETF registered with DTCC, ticker: VSOL
This Week’s Outlook
June 18:
-
Sonic $S Airdrop Season 2: 1.65% unlock, ~$15.8M
June 19:
-
U.S. Markets closed (Juneteenth holiday)
-
Fed FOMC rate decision + SEP release
-
Powell press conference
-
Bank of England rate decision
-
ZKJ token unlock: 5.04%, ~$30.3M
June 20:
-
LISTA token unlock: 19.36%, ~$7M
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
