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Coinbase's CEO warns that Illinois' proposed cryptocurrency tax legislation could harm over 1.5 million state users, drive away jobs, and stifle innovation. He urges public action to oppose the bill.
Read MoreOn-chain data reveals the wallet address '0x008' withdrew another 50,000 HYPE tokens, valued at approximately $3.58 million, from the Bybit exchange. This brings its total holdings to 200,000 HYPE, worth around $14.33 million. The recurring large-scale accumulation is drawing significant market attention and sparking speculation about future price movements.
Read MoreSpot gold prices surged above $4,300 per ounce on June 18th, marking a significant gain as investors flock to the safe-haven asset amid market volatility. The near 1% intraday rise highlights strong bullish sentiment.
Read MoreThe US 2-year Treasury yield has climbed above 4.20%, marking its highest level since February 2025. This surge signals shifting market expectations for monetary policy, potentially impacting global capital flows and financial asset valuations.
Read MoreFormer US President Trump has commented on the Federal Reserve's decision to hold interest rates steady, expressing acceptance while hinting at potential future adjustments. His remarks have sparked market discussions on monetary policy direction.
Read MoreU.S. President Trump has disclosed separate calls with Russian President Putin and Ukrainian President Zelenskyy regarding the ongoing conflict. Briefing G7 allies, Trump reaffirmed his commitment to diplomatic efforts aimed at achieving a ceasefire and ending hostilities, marking direct high-level U.S. engagement in de-escalation.
Read MoreIran confirms its Switzerland meeting plans remain unchanged. The signing method for a US-Iran memorandum is under review, with potential presidential involvement. The US Vice President and Iranian Parliament Speaker are expected to attend.
Read MoreIran's foreign ministry has demanded the US lift its maritime blockade within 30 days. Iran will independently normalize traffic in the Strait of Hormuz and plans to cooperate with Oman on management mechanisms. It warned of consequences if Israel continues occupying Lebanon. US-Iran talks on a final agreement are set within 60 days.
Read MoreFederal Reserve Chairman Walsh announced the abandonment of forward guidance, signaling a shift to data-dependent policy. Markets will no longer receive clear signals on future moves, increasing uncertainty and potential for volatility as Fed decisions become less predictable.
Read MoreRising oil prices from Middle East tensions are dramatically reshaping the Federal Reserve's outlook. Nearly half of policymakers now foresee potential rate hikes, with inflation projections sharply raised. The consensus is shifting towards "higher for longer" rates, as a resilient labor market reduces urgency for cuts.
Read MoreFed Chair Wash recently affirmed the central bank's unwavering commitment to the 2% inflation target. After five years of missing the mark, the Fed plans to implement corrective measures to ensure price stability and policy credibility.
Read MoreMarket pricing has undergone a pivotal shift. Short-term interest rate futures now indicate that traders see a greater probability of the Federal Reserve raising rates at its September meeting, compared to holding steady. This reflects a significant change in expectations regarding inflation and policy response.
Read MoreFederal Reserve Chair Walsh stated on June 18 that no FOMC member supports raising interest rates in the near term. He emphasized that current economic data does not justify an immediate hike, with the committee set to revisit the decision after six weeks.
Read MoreRecent market data shows notable declines in precious metals, with both gold and silver spot prices falling over 2%. This shift in traditional safe-haven assets may reflect changing investor sentiment amidst evolving macroeconomic conditions. Market analysts are closely monitoring central bank policies and inflation indicators for future direction.
Read MoreA key Fed official highlights that much of the institution's economic data relies on outdated survey methods, advocating openness to new data sources and improved statistics for more real-time insights.
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