Today's news tips:
1. Macroeconomic outlook for next week: Trump is looking for trouble everywhere, Powell will "go to the meeting alone"
2. The Governor of Texas signed SB 21, becoming the third state to establish a Bitcoin reserve
3. Trump: Successful airstrikes on three Iranian nuclear facilities, including Fordow
4. Iran: The US attack should not have caused significant damage as three nuclear facilities were evacuated in advance
5. Humanity Protocol (H) will be available on Binance Alpha and Binance Futures
6. Ark sold more than 600,000 shares of Circle stock again on June 20, and made a net profit of about $243 million in the past three sales
7. U.S. Treasury Secretary Benson: Stablecoins can consolidate the dollar's hegemony
8. In the past 7 days, NFT transaction volume decreased by 18.43% month-on-month, of which Immutable network transaction volume decreased by 32.23%
Regulatory/Macro
According to Hong Kong Ta Kung Pao, the Hong Kong Economic and Trade Union Federation released a research report on building a global stablecoin issuance center, proposing six strategic suggestions to support the construction of a global stablecoin issuance center:
1. Build a global stable currency issuance center;
2. Improve regulatory protection risks and enhance the efficiency of pilot projects;
3. Develop offshore RMB stablecoin;
4. Expand the size of the Hong Kong RMB funding pool;
5. Promote colleges and universities to strengthen financial technology courses;
6. Establish a high-level financial development committee to coordinate and communicate with mainland financial departments to conduct in-depth discussions on financial connectivity between the two places.
In the past week, missile attacks between Israel and Iran continued, but with Trump's announcement on Friday to postpone the decision to strike Iran, and Fed Governor Waller's support for a July rate cut, U.S. stocks opened higher, then fell due to the drag of chip stocks. The S&P 500 fell 0.22%, the Nasdaq fell 0.51%, and the Dow Jones closed up with the support of Apple's more than 2%. The following are the key points that the market will focus on in the new week:
At 1:15 on Monday, 2027 FOMC voting member and San Francisco Fed President Mary Daly will participate in a panel discussion on monetary policy insights at the 100th Annual Meeting of the Western Economic Association International;
At 22:00 on Monday, Federal Reserve Board Governor Bowman will deliver a speech on monetary policy and the banking industry;
On Tuesday at 1:10, 2025 FOMC voting member and Chicago Fed President Goolsbee participated in a moderated Q&A session at the Milwaukee Business Journal’s 2025 Mid-Year Outlook Conference;
At 2:30 on Tuesday, Fed Governor Kugler and FOMC permanent voting member and New York Fed President Williams hosted the "Fed Listening" event;
At 21:15 on Tuesday, 2026 FOMC voting member and Cleveland Fed President Hammack will deliver a speech on monetary policy;
At 22:00 on Tuesday, Federal Reserve Chairman Powell will testify on the semi-annual monetary policy report before the House Financial Services Committee;
At 0:30 on Wednesday, FOMC permanent voting member and New York Fed President Williams delivered a speech;
At 22:00 on Wednesday, Federal Reserve Chairman Powell testified before the Senate Committee on the semi-annual monetary policy report;
At 20:30 on Thursday, the number of initial jobless claims in the United States for the week ending June 21, the final value of the annualized quarterly rate of real GDP in the first quarter of the United States, the final value of the quarterly rate of real personal consumption expenditures, the final value of the annualized quarterly rate of the core PCE price index, and the monthly rate of durable goods orders in the United States in May;
At 19:30 on Friday, FOMC permanent voting member and New York Fed President Williams presided over the 24th Annual Meeting of the Bank for International Settlements;
At 20:30 on Friday, the annual rate of the US core PCE price index, the monthly rate of personal spending, and the monthly rate of the core PCE price index in May;
At 21:15 on Friday, 2026 FOMC voting member, Cleveland Fed President Hammack and Federal Reserve Board Governor Lisa Cook attended the "Fed Listens" event.
In the coming week, headlines surrounding the Iran-Israel conflict will continue to dominate the market. In addition, a series of policymakers, led by Fed Chairman Powell, came out in force after the interest rate decision, which may release more views on the path of interest rate cuts. Under Trump's continued bombardment, the independence of the Federal Reserve has once again become the focus of attention. In terms of economic data, data including US PCE and Eurozone PMI will reveal the impact of Trump's tariff war.
Texas Governor Signs SB 21, Becoming the Third State to Establish a Bitcoin Reserve
Texas Governor Greg Abbott has signed SB 21, becoming the third state to set up a Bitcoin reserve after Arizona and New Hampshire. The fund is set up outside the usual state treasury and will be managed by Texas Comptroller of Public Accounts Glenn Hegar. Greg Abbott also signed HB 4488, which isolates the Bitcoin reserve from other state government funds and protects it from regular "fund transfers" from the state treasury to general revenue. The bill also guarantees that the legality of the Bitcoin reserve will remain valid even if no Bitcoin is purchased by next summer.
Trump: Successful airstrikes on three Iranian nuclear facilities, including Fordow
According to Jinshi, US President Trump recently posted on social media: "We have successfully launched attacks on three Iranian nuclear facilities, including Fordow, Natanz and Isfahan. All fighter jets have now withdrawn from Iranian airspace. The main target, the Fordow nuclear facility, was bombed with a full load of bombs. All fighter jets are returning safely. Now is the time to pursue peace!"
According to Jinshi, in the early morning of the 22nd local time, after the news of the US attack on Iran's nuclear facilities came out, an official of Iran's state television said in a live webcast that Iran had evacuated materials from three nuclear facilities some time ago, and the US attack should not have caused significant losses. On the 21st, US Eastern Time, US President Trump posted on his social media "Real Social" that the United States has completed the attack on Iran's three nuclear facilities in Fordow, Natanz and Isfahan.
Trump: If peace is not achieved in the future, other targets will be targeted
According to Jinshi, Trump said that Iran will either have peace or tragedy. Many goals have not been achieved, and tonight we will hit the most difficult targets. If peace is not achieved in the future, we will accurately strike other targets.
Viewpoint
According to Hong Kong China News Service, Lo Wai-kwok, chairman of the Hong Kong Business Federation and member of the Legislative Council, said that the development of stablecoins is a "breakthrough" for Hong Kong's financial market. Issuing offshore RMB stablecoins in Hong Kong can reduce Hong Kong's dependence on the SWIFT system. He has suggested striving to expand the size of Hong Kong's RMB funding pool, increasing it five times to RMB 5 trillion from the current level, to meet the needs of the development of RMB stablecoins.
US Treasury Secretary Benson: Stablecoins can consolidate the dollar's hegemony
U.S. Treasury Secretary Bensont said in an article on the X platform that cryptocurrencies will not pose a threat to the U.S. dollar. In fact, stablecoins can consolidate the hegemony of the U.S. dollar. Digital assets are one of the most important phenomena in the world today. The United States will strive to build a digital asset innovation center, and the GENIUS Act brings this goal one step closer.
Bessant previously pointed out that recent reports predict that the stablecoin market could reach $3.7 trillion in the next decade, and with the passage of the GENIUS Act, the outlook for the stablecoin market will be even brighter. The stablecoin ecosystem will drive private sector demand for U.S. Treasuries, which are the backing of stablecoins. This new demand is expected to reduce government borrowing costs and help control national debt. It may also attract millions of new users around the world to join the dollar-based digital asset economy.
Nick Tomaino, founder of 1confirmation, posted on the X platform that the market value of the top six Meme coin projects in the Ethereum ecosystem is higher than the total market value of all Meme coin projects on other Layer 1 blockchains. In addition, Ethereum also plays the role of a global settlement layer for AI, prediction markets, Wall Street, and S&P 500 companies.
Project News
Binance Alpha Lists BRIC (BRIC)
According to the official page, Binance Alpha has launched BRIC (BRIC).
Contract address: 0xb40f2e5291c3db45abb0ca8df76f1c21e9f112a9
Sahara AI (SAHARA) to be Listed on Binance Alpha
Binance Alpha will list Sahara AI (SAHARA), and trading will be open on June 26. The specific time will be announced separately. Eligible users need to use Binance Alpha points to claim the airdrop on the Alpha event page after Alpha trading is open.
Hacken announced on the X platform that it is investigating a security incident involving unauthorized minting of HAI tokens on the Ethereum and BNB chains due to the leakage of private keys related to bridge deployment. As a precautionary measure, VET's Ethereum and BSC bridges are suspended. If users hold HAI on the Ethereum or BNB chains, please do not initiate bridge transactions until further notice. More updates will be shared as the investigation progresses.
Humanity Protocol (H) to be listed on Binance Alpha and Binance Futures
According to the official announcement, Binance Alpha will launch and open trading of Humanity Protocol (H) at 17:00 (ET) on June 25, 2025. In addition, Binance Futures will launch HUSDT perpetual contracts at 17:30 (ET) on June 25, 2025, with a maximum leverage of 50x.
All eligible Binance users will receive an exclusive Binance token airdrop. Eligible users need to use Binance Alpha Points to claim the airdrop through the Binance Alpha event page between 17:00 (ET) on June 25, 2025 and 17:00 (ET) on June 26, 2025.
Important data
A Trump team-related address transferred 3.527 million Trump tokens to Binance
According to on-chain analyst Ember's monitoring, an address associated with the TRUMP team transferred 3.527 million TRUMP to Binance 20 minutes ago, worth approximately US$32.8 million.
CryptoSlam data shows that the NFT market has seen a sharp decline in the past week, with transaction volume falling 18.43% to $116.9 million. The number of NFT buyers remained unchanged at 1,061,348 (maintaining a 50.56% increase), and the number of NFT sellers increased by 8.09% to 38,494. The number of NFT transactions fell slightly by 0.63% to 1,709,086.
The transaction volume of the Immutable network decreased to 28.3 million US dollars, a decrease of 32.23% from the previous week. The transaction volume of the Polygon network reached 23.3 million US dollars, an increase of 24.98% from the previous week, surpassing Ethereum. The Ethereum network fell to third place with a transaction volume of 20.4 million US dollars, a decrease of 32.06% from the previous week. The Mythos Chain network maintained the fourth place with a transaction volume of 14.1 million US dollars, only a slight decrease of 0.03%. The Solana network climbed to fifth place with a transaction volume of 8.7 million US dollars, an increase of 42.74%.
This week's top deals include:
- CryptoPunks #1831 sold for 150 ETH ($389,846)
- CryptoPunks #9778 sold for 150 ETH ($377,958)
- CryptoPunks #4868 sold for 76.5 ETH ($201,933)
- CryptoPunks #5586 sold for 70.07 ETH ($185,292)
- CryptoPunks #7516 sold for 60 ETH ($158,378)
According to the monitoring of on-chain analyst Yu Jin, the whale/institution that made a profit of $30.45 million through two ETH waves has traded the last 30.058 million USDC in the address into 13,498 ETH. Since June 11, it has bought 336 million USDC into 132,000 ETH in 11 days, with a total cost of $2,540. Now it has a floating loss of $39.76 million.
According to on-chain analyst Ember, trader AguilaTrades has lost $13.68 million in his third long BTC bet. He has failed to be long BTC three times in a row, and his losses have reached $29.1 million:
- First time: The long BTC position was opened to 434 million USD, and then BTC fell back to 4,000+ USD, and the position was closed at a loss of 12.48 million USD;
- Second time: The long BTC position was opened to 420 million USD, and then BTC fell back to 4,000+ USD, and the position was closed at a loss of 2.94 million USD;
- The third time: The long BTC position was opened to 424 million US dollars. Now BTC has retreated by more than 4,000 US dollars. I have not yet completely cut my losses, and the floating loss is 13.68 million US dollars.
Cathie Wood's ARK Invest has stepped up its selling of Circle as CRCL stock has surged nearly 250% since its public debut. ARK sold 609,175 Circle shares from its three funds on Friday (June 20), valued at $146.2 million. The sale came as the company's stock price rose 20.4% on June 20 to close at $240.3, up 248% from its opening price of $69 on the New York Stock Exchange on June 5. The latest sale was ARK's third in the past week of trading, totaling 1.25 million CRCL shares, netting about $243 million based on daily closing prices.
ARK’s latest Circle stock sales involved trades in three ARK funds, including the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF). The largest fund, ARKK, sold 490,549 CRCL shares, while ARKW and ARKF sold 75,018 and 43,608 shares, respectively.
According to earlier news , Ark once again sold $44.76 million worth of Circle shares, cashing in nearly 100 million US dollars for two consecutive days.
According to @ai_9684xtpa, whales/institutions have shorted 58 targets, including BTC/ETH and other altcoins, since June 16, and have now made a floating profit of $20.65 million. The current position size has reached $78.55 million, and only two of the 58 short orders are in a floating loss state. The best performance is ETH with a floating profit of $4.2 million, and the worst performance is HYPE with a floating loss of $3.78 million.
