6.18 Today's Hot News:

1. The situation in the Middle East remains tense, with Israel insisting on striking Iranian nuclear facilities, and Trump's stance being ambiguous. If the U.S. intervenes directly, the market may experience panic selling again.

2. The expectation for the Federal Reserve to cut interest rates has been postponed to September, with the Trump administration shifting blame on tariff issues, increasing policy uncertainty and market volatility.

3. The "GENIUS Act" has been passed by the Senate, marking a key step towards the legalization of stablecoins, which will open a new chapter for the crypto industry upon presidential signing.

4. Analyst Willy Woo points out that BTC has entered the late stage of a bull market but still has room for growth; liquidity indicators show the market has not yet peaked.

5. AVAX chain's activity is increasing, with Meme coins like #lambo and #fomo performing strongly in the short term, becoming new favorites for capital.

6. CEX altcoins are experiencing a widespread decline, but DeFi leaders are showing resilience, and after stabilizing may rebound first, with a focus on top projects like AAVE.

7. JPMorgan is accelerating its blockchain layout, piloting the issuance of deposit tokens and discussing on-chain capital markets with the SEC, speeding up traditional finance's entry into the space.

8. Pump.fun related accounts have been unbanned, with the previous ban likely due to a mistake. However, the platform's continuous selling of SOL has sparked controversy and been criticized as a "cancer in the crypto space."

Pump.fun has sold 4.1 million SOL (worth $741 million) in two months, with such predatory behavior having a negative impact on the industry ecosystem.