Key Takeaways
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Macro Environment: Israel and Iran have officially declared a ceasefire, boosting market confidence. On the first day of his congressional testimony, Fed Chair Jerome Powell reiterated a wait-and-see stance but did not rule out the possibility of an early rate cut, stating that decisions will depend on June and July data. The U.S. Dollar Index fell, Treasury yields hit a one-month low, and all three major U.S. stock indices closed higher.
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Crypto Market: Following an immediate surge after the geopolitical ceasefire, Bitcoin began a mild upward consolidation trend, ending the day up 0.71%. With geopolitical risk easing, several public companies announced new crypto asset reserves, injecting renewed confidence into the market. ETH/BTC rose for the second consecutive day, while Bitcoin’s dominance declined for two straight sessions, signaling a modest rise in market risk appetite.
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Today's Outlook: Fed Chair Jerome Powell will testify before the Senate Committee on the Semiannual Monetary Policy Report. NVIDIA Shareholders’ Meeting
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,092.19 | + 1.11% |
| NASDAQ | 19,912.53 | +1.43% |
| BTC | 106,091.30 | +0.71% |
| ETH | 2,448.49 | +1.51% |
Crypto Fear & Greed Index: 66 (up from 65 a day ago), classified as Greed
Project Highlights
Trending Tokens: SEI, APT,SPX
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SEI: Circle’s IPO filing revealed SEI as its largest token holding; Wyoming also selected Sei as its official stablecoin pilot—these two developments drove SEI up over 90% in the past 7 days.
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S: Coinbase listed Sonic.
Geopolitical Conflict
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Iran and Israel officially declared a ceasefire.
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Iranian President: The 12-day war is over, and rebuilding efforts have begun.
Macro Economy
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Powell: The U.S. is not currently in a recession; it’s possible to wait before adjusting rates, with final tariff levels determining the broader impact. If inflation and the labor market weaken, an early rate cut may be warranted. Current interest rate levels are high, giving more room to cut compared to the zero-rate era.
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White House: A series of trade agreements to be announced around July 4.
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EU: Preparing to introduce additional tariff countermeasures to pressure the U.S.
Industry Highlights
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Powell: Banks can offer services to the crypto industry and conduct related business.
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Texas passed SB1498, authorizing the seizure of criminal-related bitcoin and digital assets.
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The GENIUS Act has entered the House review stage; Senator Hagerty said Trump is prepared to sign it.
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Japan’s FSA is considering taxing crypto assets independently under the Financial Instruments and Exchange Act.
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NYSE Arca filed a 19b-4 form to launch a Truth Social Bitcoin and Ethereum ETF.
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Polymarket raised nearly $200 million, with a valuation exceeding $1 billion.
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ProCap acquired 3,724 BTC worth approximately $386.5 million.
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Metaplanet approved a $5 billion capital injection to its U.S. subsidiary for Bitcoin treasury operations.
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London-listed Vaultz Capital made its first BTC purchase: 10 BTC worth around $1.05 million.
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Dalin Group, a Hong Kong-listed company, formed a joint venture with ViaBTC to build a Bitcoin reserve.
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Nano Labs announced a $500 million convertible note private placement to establish a BNB strategic reserve.
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Nasdaq-listed Aurora launched a digital asset treasury plan, intending to invest in BTC, ETH, and SOL.
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U.S.-listed ATIF Holdings Ltd plans to raise $100 million to increase DOGE holdings as part of its treasury strategy.
This Week’s Outlook
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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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