Headlines
▌X will be built into a "super app" and will include functions such as investment and trading
According to the Financial Times, Linda Yaccarino, CEO of the social media platform "X", said that users will be able to invest or trade on this social media platform "soon". She outlined that the company will enter the financial services field to achieve its owner Elon Musk's goal of building an "app that does everything". Yaccarino added that the company is also exploring the launch of an X credit or debit card, which could be launched as early as this year. Previously, X has stated that it will launch a digital wallet and peer-to-peer payment service X Money later this year, and Visa will be its first partner.
▌South Korea's Financial Services Commission is developing a roadmap for launching virtual asset ETFs
According to Bitcoin News, South Korea's Financial Services Commission is developing a roadmap for virtual asset ETFs, which is expected to be launched in the second half of this year.
Market
As of press time, according to CoinGecko data:
BTC price is $104,700, 24-hour increase or decrease -0.1%;
ETH price is $2,521.60, 24-hour increase or decrease +0.1%;
BNB price is $644.69, 24-hour increase or decrease +0.2%;
SOL price is 147.03 US dollars, 24 hours up and down +0.4%;
DOGE price is 0.171 US dollars, 24 hours up and down +0.5%;
XRP price is 2.17 US dollars, 24 hours up and down -0.1%.
TRX price is 0.2747 US dollars, 24 hours up and down +0.6%.
Policy
▌U.S. Treasury Secretary: The passage of the GENIUS Act will attract global users to join the dollar-based digital asset economy
U.S. Treasury Secretary Bessant posted on the X platform that recent reports predict that the stablecoin market size may reach $3.7 trillion in the next decade. With the passage of the GENIUS Act, the prospects for the stablecoin market will be brighter. The stablecoin ecosystem will drive private sector demand for U.S. Treasuries, which are the support 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 worldwide to join the dollar-based digital asset economy, which is a win-win situation for all participants.
▌White House: Trump will decide whether to attack Iran within two weeks
According to CCTV News, on June 19 local time, the White House said on the Iranian issue that US President Trump will decide whether to attack Iran within two weeks.
▌The US Senate postponed the deliberation of new sanctions against Russia
According to CCTV News, on June 19 local time, the US Senate postponed the deliberation of new sanctions against Russia. Gref, Chairman of the Board and CEO of the Russian Federal Savings Bank, said on the same day that against the backdrop of easing relations between Russia and the United States, the bank is holding talks with its US partners, but it is currently only "exploratory contact." On the 16th local time, US President Trump said that the United States will suspend sanctions against Russia in the hope of reaching an agreement.
▌Trump signs executive order to extend TikTok closure by 90 days
Trump posted, "I just signed an executive order to extend TikTok closure by 90 days (September 17, 2025)."
▌Trump: Powell should cut interest rates by 250 basis points
US President Trump: Federal Reserve Chairman Powell should cut interest rates by 250 basis points.
▌French Parliament rejects proposals related to Bitcoin mining
The French National Assembly refused to discuss the proposal to use Bitcoin mining as a potential destination for France's energy surplus. The proposal was rejected for procedural reasons and failed to enter the substantive discussion stage. The proposal aims to evaluate "the conditions for developing Bitcoin mining activities in France as a tool to exploit surplus electricity production, stabilize the grid and optimize the operation of nuclear power plants."
Blockchain Applications
▌Circle CEO: CPN nodes will create greater global liquidity for stablecoins and fiat currencies
Circle CEO Jeremy Allaire posted on social media that "each node on the Circle Payments Network (CPN) creates more value for all network participants and creates greater global liquidity for stablecoins and fiat currencies." According to reports, institutions can use stablecoins such as USDC and EURC to transfer value on the Circle payment network CPN around the clock without integrating with each individual payment provider.
▌Telegram founder approved to leave France from July 10
Telegram CEO Pavel Durov has been authorized to leave France for up to 14 days from July 10, but only to Dubai. All other terms of his judicial supervision remain unchanged.
▌Hypersphere partner suffered Zoom phishing attack, 6 wallet funds stolen
Mehdi Farooq, investment partner at crypto venture capital firm Hypersphere, said that after a fake Zoom call phishing attack, his 6 wallet funds were stolen and years of savings were lost. Mehdi Farooq revealed that the attack began with a message on Telegram from Alex Lin, whom he knew. The two had interacted before, so this contact looked like routine. The latter shared the meeting link. After joining the scheduled Zoom meeting, he found that there was no audio. Soon after running the update, his system was hacked. The hacker "drained his savings for many years" in just a few minutes.
▌XRP Ledger Launches Community-Led Organization XAO DAO
XRP Ledger will adopt decentralized governance through the upcoming XAO DAO, its first community-led organization that aims to use XRP tokens to promote proposals, funding, and on-chain decision-making.
▌KyberSwap: Plans to delist ZKsync Era from aggregators starting July 1
Kyber Network posted on the X platform that it will delist ZKsync Era from aggregators starting July 1, 2025. After the delisting takes effect, the KyberSwap aggregator will continue to support 15 main chains including Ethereum mainnet, Base, Arbitrum, Optimism, etc. It is reported that this update only affects the KyberSwap aggregator, and the cross-chain function still supports ZKsync Era normally.
Cryptocurrency
▌More than 100 companies hold more than 830,000 BTC in total
According to Cointelegraph, more than 100 companies currently hold more than 830,000 BTC (about 86.476 billion US dollars).
▌BlackRock has bought more than $750 million worth of ETH in June
Arkham posted on the X platform that BlackRock has purchased more than $750 million worth of ETH in June this year and has not sold it.
▌Semler Scientific Appoints Bitcoin Strategy Director, Aims to Hold at Least 10,000 BTC by the End of the Year
Nasdaq-listed medical technology company Semler Scientific (NASDAQ: SMLR) has appointed Joe Burnett as Director of Bitcoin Strategy; the goal is to hold at least 10,000 Bitcoins by the end of 2025 and reach 105,000 by the end of 2027. Joe Burnett is a leading figure in Bitcoin and financial markets. Previously, he served as the Director of Market Research at Unchained, a Bitcoin-focused financial services company, dedicated to promoting the wider use of Bitcoin in capital markets and helping to shape institutional understanding of collaborative custody. Prior to joining Unchained, Joe served as Chief Analyst and Product Manager at Blockware Solutions and helped launch Blockware Marketplace, one of the largest Bitcoin mining platforms in the United States.
▌Founder of SkyBridge Capital: SOL will surpass ETH
Anthony Scaramucci, founder of SkyBridge Capital, said at the DigiAssets 2025 conference that "SOL will surpass ETH", and stated that he had no special opinion on ETH, but he did not give a specific timetable for Solana's market value to surpass Ethereum. Anthony Scaramucci added that he only got involved in cryptocurrency in 2020, and did not really accept Ethereum at the time, but had a more thorough understanding of Solana. Currently, SkyBridge Capital holds nine-digit Bitcoin and Solana on the company's balance sheet, and about 40% of client funds are invested in digital assets, including Multicoin Capital and Brevan Howard Digital. In addition to the fund-in-fund containing digital funds, there is also a cryptocurrency fund of about $300 million, which may include Solana, Avalanche, Polkadot and a large amount of Bitcoin. Coinbase: More than 40 million SOLs are staked to Coinbase validator nodes Coinbase released a performance report on Solana validator nodes. As of June 1, 2025, more than 40 million Sols were staked to Coinbase validators, accounting for 10.6% of Solana's total stake. Coinbase validator nodes are distributed in 6 countries and 2 bare metal providers, with built-in protection features such as preventing double signatures.
▌Trump's company reduces its stake in the crypto project WLFI
According to Forbes, based on an analysis of the details of World Liberty's official website, in the past 11 days, a company owned by Donald Trump has reduced its stake in the crypto project World Liberty Financial from 60% to 40%. This change, without any public publicity, is another sign that Trump himself or those acting on his behalf are still secretly making behind-the-scenes deals during his tenure.
▌Fetch.ai will launch a $50 million FET token repurchase plan
Fetch.ai CEO and founder Humayun Sheikh announced that the platform's practicality has been significantly improved due to the increased use of ASI1 and proxy platforms. He said that the current FET token is undervalued, and announced that the Fetch Foundation will launch a $50 million FET token repurchase plan on multiple exchanges, which will be supported by market makers.
Important Economic Dynamics
▌JPMorgan Chase: The Fed may keep interest rates unchanged until the end of this year
David Kelly, chief global strategist at JPMorgan Asset Management, said the Federal Reserve may keep interest rates unchanged until the end of this year. He pointed out that if inflation is expected to rise due to tariffs, it will not subside until 2026. "By the end of next year, the economy should cool down. Inflation should cool down, and maybe they'll give us some lower interest rates." "Right now, don't hold your breath waiting for low interest rates from the Fed, because they don't seem to have any intention of providing low interest rates." ▌Goldman Sachs: The Fed is expected to keep interest rates unchanged next month
Golden Finance reported that Simon Dangoor, head of fixed income macro strategy at Goldman Sachs Asset Management, said that the tone of the Fed meeting was mild, and despite raising recent inflation expectations, it is still expected to cut interest rates twice this year. He said: The implication of FOMC members is that they continue to expect the recent strengthening of inflation to be largely temporary, and their tolerance for rising unemployment remains low. We expect the Fed to remain on hold at next month's meeting, but we believe that if the labor market weakens, a new round of easing cycle may begin later this year.
▌Bank of England keeps interest rates unchanged
The Bank of England kept its policy rate unchanged at 4.25%, in line with market expectations, and the interest rate remained at a high level in more than two years.
Golden Encyclopedia
▌How does quantitative easing work and affect crypto?
Quantitative easing (QE) is an unconventional monetary policy tool used by central banks, especially when interest rates are already low and cannot be lowered further. It became popular during the 2008 global financial crisis, when traditional monetary tools such as lowering interest rates were not enough to stimulate economic growth. Quantitative easing not only affects traditional financial markets, but also the cryptocurrency market. When central banks inject more money into the economy, some of the money flows into alternative assets such as Bitcoin and altcoins, pushing up their prices. A surge in liquidity typically drives up all asset prices, including cryptocurrencies, as more money becomes available for investment. Additionally, during periods of quantitative easing, fiat currencies can lose value due to an increase in money supply, leading some investors to seek cryptocurrencies as a hedge against inflation or currency devaluation. Bitcoin, in particular, is often viewed as a store of value similar to gold. Cryptocurrencies may suffer after quantitative easing ends. When central banks end quantitative easing or begin raising interest rates (tightening), liquidity decreases and borrowing costs rise. This can lead to a pullback in risky assets, including cryptocurrencies.
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