Key Takeaways
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Macro Environment: The Federal Reserve's dovish stance boosted expectations of a July rate cut, driving gains across all three major U.S. stock indexes. A retaliatory strike by Iran briefly triggered market panic, but due to the limited scale of the action, U.S. stocks staged a V-shaped rebound. After-hours, Trump posted that Israel and Iran had fully agreed to a comprehensive ceasefire, turning U.S. stock futures positive.
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Crypto Market: Geopolitical events increased market volatility, with crypto markets fluctuating alongside news developments. Bitcoin strongly rebounded by 4.32%. ETH/BTC exchange rate surged in tandem with the market recovery. Bitcoin Dominance dropped 0.56% daily, while major altcoins showed broad-based catch-up rallies.
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Today's Outlook: Fed Chair Powell delivers semiannual monetary policy testimony before the House Financial Services Committee.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 |
6,025.16 |
+0.96% |
| NASDAQ |
19,630.97 |
+0.94% |
| BTC |
105,345.30 |
+4.32% |
| ETH |
2,412.06 |
+8.28% |
Crypto Fear & Greed Index: 65 (up from 47, 24 hours ago), classified as "Greed"
Project Highlights
Trending Tokens: SEI, HYPE, FUN
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SEI: The state of Wyoming plans to launch the WYST stablecoin mainnet on August 20, with SEI as a candidate chain. SEI saw strong performance, surging 30% in the past 24 hours.
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HYPE: Eyenovia announced the completion of a $50 million private round and purchased over 1 million HYPE tokens.
- BNB: Multiple former hedge fund executives are raising $100 million to launch a financial strategy firm focused on BNB.
- SXT: Grayscale's Space and Time (SXT) Trust has been registered in Delaware.
- MOVE: The Movement Network Foundation has completed a buyback of 8 million MOVE tokens.
Geopolitical Conflict
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Trump: Announced Israel and Iran have fully agreed to a comprehensive ceasefire; Iranian officials confirmed acceptance of the ceasefire plan.
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Iran: Fired six missiles at a U.S. base in Qatar.
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Iran’s Supreme National Security Council: Claimed the number of bombs used by its forces equaled the number dropped by the U.S. in its prior attack.
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Iran reportedly informed the U.S. and Qatar ahead of the strike; no casualties were reported at the U.S. base.
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Israel launched another attack on Iran’s Fordow nuclear facility.
Macro Economy
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Fed Governor Bowman hinted support for a July rate cut.
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Fed's Goolsbee: If tariffs do not lead to high inflation, rate cuts may resume.
Industry Highlights
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Hong Kong Monetary Authority Chief Executive: May initially approve only a small number of stablecoin issuer licenses—not 10 or 20 entities.
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Nano Labs (listed company): Plans to apply for licenses to issue HKD and offshore RMB stablecoins.
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Romania: New government plans to tax crypto income.
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Texas: Signed a bill to establish a Bitcoin reserve, planning to purchase $10 million worth of BTC.
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Strategy increased holdings by 245 BTC, with an average purchase price of $105,856.
- Metaplanet added another 1,111 BTC, bringing its total holdings to 11,111 BTC.
- UK-listed company Panther Metals plans to build a £4 million Bitcoin reserve.
This Week’s Outlook
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June 24: Fed Chair Powell to testify before the House Financial Services Committee on semiannual monetary policy
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June 25: Powell to testify before the Senate Committee; Nvidia shareholder meeting
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June 26: Final U.S. Q1 real GDP (QoQ annualized); ALT token unlock (6.83%, ~$6.7M); SAHARA goes live
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June 27: U.S. May Core PCE Price Index; BLAST token unlock (34.98%, ~$22.5M)
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June 28: Thailand SEC to block access to Bybit, 1000X, CoinEx, OKX, and XT.COM from June 28 onward
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