● The Federal Reserve continues to maintain interest rates
According to Odaily Planet Daily, the Federal Reserve has maintained the benchmark interest rate at 4.25%-4.50%, remaining unchanged for the fourth consecutive meeting, in line with market expectations.
● Federal Reserve's probability of a rate cut in September slightly increased
According to Jin10 data, U.S. interest rate futures prices indicate that the probability of a Federal Reserve rate cut in September is 71%, up from 60% before the announcement. Additionally, the probability of a rate cut in October rose from 80% before the announcement to 85%.
● U.S. initial jobless claims for the week ending June 14 were 245,000, expected to be 245,000
According to PANews, U.S. initial jobless claims for the week ending June 14 were 245,000, in line with expectations of 245,000, and the previous value was revised from 248,000 to 250,000.
● Federal Reserve Chairman Powell: Tariff measures have led to an increase in inflation expectations
According to Jin10 data, Federal Reserve Chairman Powell stated that compared to the expected rate cut in September 2024, inflation expectations this year are higher, mainly due to inflationary pressures from tariff measures.
● 3iQ launches XRP ETF, providing North American investors direct access
According to Cointelegraph, Canadian asset management company 3iQ has launched an ETF focused on XRP, named 3iQ XRP ETF (XRPQ), which began trading today on the Toronto Stock Exchange. Ripple is an early investor in the fund. The management fee for the XRPQ ETF is 0% for six months, investing in long-term XRP positions, with all holdings stored in cold wallets.
3iQ also launched a Solana Staking ETF earlier this year. Additionally, Purpose Investments has launched its spot XRP ETF, which debuted alongside 3iQ's latest product. The U.S. Securities and Exchange Commission is conducting public comments on two ETFs proposed by Franklin Templeton, including Franklin XRP ETF and Franklin Solana ETF.
● Greeks.live: If BTC loses the support level of $104,000, altcoins may face 'death'
According to Odaily Planet Daily, Greeks.live macro researcher Adam released a brief indicating that the group generally holds a bearish sentiment, with traders maintaining short positions and focusing on Bitcoin's key support levels of $104,000 and $100,000. If the support level of $104,000 is lost, altcoins may face significant risks. Meanwhile, geopolitical tensions around Iran have increased market uncertainty.
● SEC discusses cryptocurrency asset regulation issues with INX
According to Odaily Planet Daily, the U.S. Securities and Exchange Commission (SEC) officially disclosed that its cryptocurrency working group met with representatives from INX Securities, LLC and INX Digital Company, Inc. to discuss solutions to cryptocurrency asset regulation issues.
