Key Takeaways
-
Macro Environment: Geopolitical tensions continue to escalate, significantly heightening market risk aversion. Iran nuclear negotiations have stalled, and a U.S. airstrike on Iranian nuclear facilities has further intensified the conflict. The Iranian parliament's approval of a resolution to close the Strait of Hormuz has exacerbated market panic. As a result, global financial markets experienced sharp volatility, risk assets came under pressure, while oil and gold prices surged. However, the situation has not yet spiraled out of control — the final decision on the Strait of Hormuz lies with Iran's Supreme National Security Council, and the U.S. has announced a temporary pause in military action, with dialogue set for June 23. Boosted by this news, U.S. stock index futures briefly rebounded.
-
Crypto Market: With 24/7 trading, the crypto market became the first outlet for weekend risk sentiment. Bitcoin fell for four consecutive sessions, briefly dropping below the key $100,000 psychological level, before finding technical support around $98,000 and rebounding slightly. Investor sentiment cooled significantly, with retail investor confidence at its lowest level since “Trump Liberation Day.” The ETH/BTC ratio fell to historical lows, and Bitcoin dominance climbed near 66%, the highest in almost four years. Altcoins remain under pressure, showing weak overall performance.
-
Today's Outlook: The U.S. plans to hold talks with Iran on June 23. The Governor of the Bank of Korea will meet with major local bank CEOs to discuss stablecoin matters. SOON token unlock: 22.41% of circulating supply, valued at approximately $8.4 million
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 5,967.85 | -0.22% |
| NASDAQ | 19,447.41 | -0.51% |
| BTC | 100,980.20 | -1.12% |
| ETH | 2,227.64 | -2.99% |
Crypto Fear & Greed Index: 47 (previous day: 42), classified as Neutral
Project Highlights
Trending Tokens: HYPE, GOR
-
HYPE: Market volatility surged, with over $650 million in liquidations. Daily fee revenue hit $3.82 million, ranking second among DEXs. Price rebounded sharply.
-
KAIA: The Bank of Korea Governor is scheduled to meet with major local banks today to discuss stablecoins. Previously, Kakao announced its entry into a KRW stablecoin initiative, potentially issued via KAIA.
-
WLD: Reddit is in talks to use Worldcoin’s iris-scanning Orb devices.
Geopolitical Conflict
-
U.S. Treasury website released new sanctions against Iran
-
Trump: Confirmed successful strikes on three major Iranian nuclear facilities, including Fordow; declared Fordow "no longer exists." Warned further attacks if Iran does not cease hostilities
-
Trump Warning: Any retaliation from Iran would face a "response far beyond tonight"
-
Putin: Expressed concern that the world may be sliding toward World War III
-
CNN: U.S. currently has no plans for further military strikes
-
U.S. Vice President Vance: Not concerned about a prolonged war; said U.S. attacks could open new diplomatic channels with Iran
-
Iranian Parliament: Approved Hormuz Strait closure; final decision pending from Supreme National Security Council
-
U.S. Secretary of State Rubio: No confirmed military action plans at the moment
Macro Economy
-
Fed Governor Waller: Rate cuts could come as early as the July meeting
-
Fed’s Barkin: No urgent data to justify rate cuts;
-
Fed’s Daly: Would consider rate normalization if no new tariffs are imposed
-
The Fed: Too early to assess tariff impacts on the economy
-
Trump again criticized Fed Chair Powell for inaction, stating that cutting rates to 1–2% would save the U.S. trillions annually
Industry Highlights
-
Wyoming, USA plans to launch WYST stablecoin mainnet on August 20
-
Michael Saylor released another Bitcoin tracker update; may disclose new BTC purchases next week
-
K33 secured 185 million SEK to increase its Bitcoin holdings
-
38 entities have pushed Ethereum Strategic Reserve above $3 billion
-
U.S.-listed Everything Blockchain to invest $10 million into SOL, XRP, SUI, TAO, and HYPE
-
Pump.fun token auction postponed again to mid-July; estimated valuation $4 billion
-
Bloomberg analysts raised approval odds of spot XRP, Dogecoin, and Cardano ETFs to 90%
-
Cardone Capital bought approximately 1,000 BTC; plans to add another 3,000 BTC this year
-
Meta, Amazon, and Microsoft said they would not accept Bitcoin as treasury assets due to price volatility and unclear valuation
This Week’s Outlook
-
June 23: Bank of Korea Governor to meet major local bank CEOs to discuss stablecoins; SOON token unlock (22.41%, ~$8.4M)
-
June 24: Fed Chair Powell to testify before the House Financial Services Committee on semiannual monetary policy
-
June 25: Powell to testify before the Senate Committee; Nvidia shareholder meeting
-
June 26: Final U.S. Q1 real GDP (QoQ annualized); ALT token unlock (6.83%, ~$6.7M); SAHARA goes live
-
June 27: U.S. May Core PCE Price Index; BLAST token unlock (34.98%, ~$22.5M)
-
June 28: Thailand SEC to block access to Bybit, 1000X, CoinEx, OKX, and XT.COM from June 28 onward
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.
