Market: RAY rose 22.87% intraday, RPL fell 3.41% intraday
According to OKX market data, the top tokens with intraday gains include: RAY is currently trading at $2.463, up 22.87% intraday; INJ is currently trading at $11.533, up 7.36% intraday; JUP is currently trading at $0.409, up 4.12% intraday; MEME is currently trading at $0.00156, up 4.05% intraday; ZK is currently trading at $0.0458, up 3.92% intraday. Additionally, the top tokens with intraday declines include: RPL is currently trading at $5.612, down 3.41% intraday; DYDX is currently trading at $0.506, down 2.20% intraday; CRO is currently trading at $0.0908, down 1.85% intraday; AVAX is currently trading at $18.051, down 1.60% intraday; BCH is currently trading at $457.8, down 1.51% intraday.
[The rest of the translation follows the same professional and accurate approach, maintaining the specific translations for crypto-related terms as specified in the initial instructions.]Federal Reserve Chairman Powell stated at the press conference that U.S. inflation may rise significantly in the coming months due to tariffs imposed during the Trump administration. He emphasized the need for sufficient confidence in inflation decline before starting rate cuts, with current policy maintaining a "moderately restrictive" stance. The dot plot still shows two rate cuts expected in 2025. Powell said the Fed is assessing the transmission path of tariffs and reiterated the 2% inflation target. He also noted that monetary policy still needs to impose some restrictions on the economy given the current inflation situation. The current interest rate level is not very high. The current policy can be described as moderate or moderately tight, now leaning more towards "moderately restrictive". He added: "If you look at the current economic performance, you'll find that it doesn't look like it's experiencing 'very tight monetary policy'."
US Stock Closing: Major Indices Mixed, Circle Surges 34%
US stocks closed on Wednesday, with the Dow initially down 0.1%, S&P 500 down 0.03%, and Nasdaq up 0.13%. Circle (CRCL.N) surged 34.25%, breaking through $200. Coinbase (COIN.O) rose 16.32%.
Federal Reserve Continues to Maintain Unchanged Rates, Still Expects Two Rate Cuts This Year
The Federal Reserve maintained its benchmark rate at 4.25%-4.50%, unchanged for the fourth consecutive meeting, in line with market expectations. The Fed's dot plot shows two rate cuts expected in 2025 (March expectation was also two cuts). Of the 19 officials, 7 believe no rate cuts in 2025 (4 in March), 2 believe in a cumulative 25 basis point cut (1 cut), 8 believe in a 50 basis point cut (2 cuts), and 2 believe in a 75 basis point cut (3 cuts).
Paxos Establishes New Startup to Help Institutions Provide DeFi Products
According to The Block, stablecoin issuer Paxos launched a new startup, Paxos Labs, aimed at helping institutions directly integrate DeFi and on-chain products into their applications and platforms. Co-founder Bhau Kotecha said the company was incubated internally at Paxos over the past six months due to growing demand for connecting DeFi markets and real-world asset opportunities. Paxos Labs is building easily integrated APIs to allow customers to integrate products without deep understanding of DeFi complexities. Initial products include issuing custom-branded stablecoins, deploying tokenized yield strategies, and managing structured digital asset tools, targeting consumer fintech apps, exchanges, and blockchain networks.
US Department of Justice Files Civil Forfeiture Lawsuit for Over $225 Million in Crypto Fraud Funds
According to an official announcement, the US Department of Justice filed a civil forfeiture lawsuit in the DC District Court targeting over $225.3 million in cryptocurrency. Through blockchain analysis and investigation, these cryptocurrencies were linked to money laundering from crypto investment fraud victims, with addresses forming a complex money laundering network executing hundreds of thousands of transactions to obscure the source. The DOJ Criminal Division head stated this is to protect the public and fully recover the funds. Over 400 suspected victims were reportedly defrauded.
$307 Million in Liquidations Across Crypto Market in Past 24 Hours, Mainly Short Positions
Coinglass data shows $307 million in crypto market liquidations in the past 24 hours, with long positions liquidating $79.2 million and short positions liquidating $228 million. BTC total liquidations were $68.1 million, ETH total liquidations were $90.87 million.
Stablecoin First Stock Circle Rises Over 12%, Cumulative Gain of 440% Since Listing
According to Jinshi, Circle (CRCL.N) rose over 12%, with a cumulative gain of 440% since listing.
Polygon Co-Founder Splits Business, Launches Independent Zero-Knowledge Project ZisK
According to The Block, Polygon co-founder Jordi Baylina and his Polygon zkEVM team have transformed into an independent company called Zisk, as the foundation prepares to gradually close the low-usage Ethereum virtual machine network. ZisK will focus on low-latency, open-source zero-knowledge virtual machine (zkVM) proof technology.
US Senate Banking Committee Developing Principles for Crypto Market Structure Bill
According to crypto journalist Eleanor Terrett, the US Senate Banking Committee is developing principles for its version of the crypto market structure bill, which will be the focus of a subcommittee hearing led by Senator Cynthia Lummis next week.
Blockchain Project TAC Raises $11.5 Million in Two Funding Rounds, Investors Include Hack VC
According to Decrypt, blockchain project TAC announced raising $11.5 million total in seed and strategic rounds, with the latest $5 million strategic round led by Hack VC. The project aims to provide EVM-compatible DeFi infrastructure for TON and Telegram ecosystem.
According to Bitcoin News, Iranian crypto exchange Nobitex was hacked, losing $81.7 million, including permanently destroyed Bitcoin. The pro-Israel hacker group Predatory Sparrow claimed responsibility and pledged to publish Nobitex's source code and internal data within 24 hours.
US President Trump: Fed Chairman Powell Likely Won't Cut Rates Today
According to Jinshi, US President Trump reiterated that the Fed should cut rates and stated that Fed Chairman Powell likely won't cut rates today. Trump also said rates should be two percentage points lower, and lowering the federal funds rate by 2.5 percentage points would be very good.
US Bombers Already Deployed to Southern Spanish Military Base
According to CCTV News, on June 18 local time, Spanish Defense Minister Rovellas confirmed in a House of Representatives meeting that US bombers have been deployed at two military bases in the Andalusia region of Spain, as part of the military force increase in response to the Israel-Palestine conflict.
Listed medical company Prenetics completed its first $20 million Bitcoin investment, purchasing a total of 187.42 BTC
According to CoinDesk, medical health company Prenetics Global (NASDAQ: PRE) announced the completion of its first $20 million Bitcoin investment through Kraken exchange, purchasing a total of 187.42 BTC at an average price of $106,712. The company stated that it has been approved by the board to continue increasing its holdings, with the goal of becoming one of the global medical enterprises with the most Bitcoin. Prenetics CEO Danny Yeung noted that this investment not only views Bitcoin as a reserve asset but also sees promising prospects for blockchain technology's integration with genomics and personalized medicine. Additionally, Prenetics announced the appointment of OKEx's former Chief Operating Officer Andy Cheung as a board member.
Crypto.com and Deribit will accept BlackRock's BUIDL fund as collateral
According to Forbes, crypto exchanges Crypto.com and Deribit will accept BlackRock's tokenized fund BUIDL as collateral, allowing institutional clients to use it for spot, margin, derivatives, and over-the-counter (OTC) trading. This move provides a blockchain-native, yield-generating version of US Treasury bonds with an annual return of 4.5%.
Coinbase Derivatives plans to add USDC as US futures trading collateral by 2026
According to The Block, Coinbase Derivatives has selected Nodal Clear as its clearing institution and plans to include Circle's stablecoin USDC in the range of qualified collateral for US futures trading by 2026. Coinbase Derivatives CEO Boris Ilyevsky stated: "Currently, fiat currency is the form of collateral recognized by clearing houses to meet margin requirements. Our collaboration now includes plans to establish USDC as a fiat currency equivalent."
Whale @AguilaTrades has closed its 20x BTC long position, with two trades accumulating losses of $15.42 million
According to Onchain Lens monitoring, the mysterious whale @AguilaTrades has closed its 20x BTC long position, with two trades accumulating losses of $15.42 million.
BitMine announces purchasing 154.167 bitcoins for $16.347 million
According to GlobeNewswire, BitMine Immersion Technologies, Inc. (NYSE American: BMNR) announced that it has completed the purchase of all bitcoins in the company's treasury using the proceeds from Bitline's recent common stock issuance. After deducting fees and expenses, the net proceeds from this issuance were approximately $16.34 million, with the company spending $16.347 million to purchase 154.167 bitcoins at an average price of $106,033.
Iran's Supreme Leader Khamenei says Iran will not accept imposed war or peace
According to Cailian Social citing CCTV International, Iran's Supreme Leader Khamenei stated that Iran will not accept imposed peace or war. Khamenei told the United States, "They should know that Iran will not surrender, and any US attack will cause serious, irreparable consequences."
Binance Alpha adds BEE
According to the official page information, Binance Alpha has added BEE.
Binance Contracts will list MYXUSDT and FUSDT U-margined perpetual contracts
According to the official announcement, the Binance Contracts platform will list perpetual contracts at the following times: June 18, 2025, at 20:30 (UTC+8): MYXUSDT perpetual contract, with a maximum leverage of 50x; June 18, 2025, at 20:45 (UTC+8): FUSDT perpetual contract, with a maximum leverage of 50x. *Please note that MYX (LINK) and F (LINK) have been listed on Binance Alpha market.
Binance adds emergency contact and inheritance features in recent version upgrade
According to screenshots and tweets shared by crypto KOL @cryptobraveHQ, the Binance version upgrade on June 12 updated the emergency contact and inheritance features. The KOL commented: "Globally, over a billion dollars in crypto assets are inherited by centralized exchanges due to accidental deaths each year. With Binance's recent update introducing emergency contact functionality and the right to submit inheritance claims, I hope other exchanges will also accelerate the launch of this feature."
