1. The Federal Reserve maintains interest rates at unchanged levels, in line with market expectations
The Federal Reserve's federal funds rate remains in the range of 4.25% to 4.5%, in line with expectations. -Original
2. Powell states that the labor market is strong and there is no rush to cut interest rates
Odaily Planet Daily reported that Federal Reserve Chairman Powell stated that although the Fed 'can see that the labor market may be slowly and steadily cooling', this cooling is not concerning given the current strong labor participation rate and healthy wage growth. He said: 'Although the uncertainty of the economic outlook has decreased, it remains at a high level.' As long as the current labor market conditions are observed, along with reasonable economic growth and gradually declining inflation, Powell stated he is willing to wait for more information before deciding on the next steps. -Original
3. US Department of Justice seizes $225 million in crypto assets, cracking down on money laundering networks
Odaily Planet Daily reported that the US Department of Justice today filed a civil forfeiture lawsuit in the United States District Court for the District of Columbia, alleging the seizure of cryptocurrencies valued at over $225 million. According to the lawsuit, law enforcement used blockchain analysis and other investigative techniques to determine that these cryptocurrencies were related to the theft and money laundering activities involving the funds of victims of cryptocurrency investment fraud. The complaint states that the cryptocurrency address holding over $225 million in cryptocurrencies is part of a complex money laundering network based on blockchain, which executed hundreds of thousands of transactions and was used to disperse the proceeds of cryptocurrency investment fraud across many cryptocurrency addresses and accounts on the blockchain to conceal the source of illegally obtained funds. -Original
4. White House advisor states that the cryptocurrency bill is close to passing, which will increase demand for the US dollar
Odaily Planet Daily reported that a White House advisor stated that the cryptocurrency bill is 'very close' to passing, which will create demand for the US dollar. -Original
5. Japanese fashion brand increases its holdings by 31 Bitcoins, total holdings reach 184 Bitcoins
Odaily Planet Daily reported that according to an official announcement, Japanese fashion brand ANAP Holdings disclosed today that it has purchased approximately 31.2108 BTC, currently holding a total of about 184.6735 Bitcoins. -Original
6. K33 plans to raise 85 million Swedish Krona to purchase 1,000 Bitcoins
Norwegian digital asset company K33 announced plans to raise at least 85 million Swedish Krona through a targeted stock issuance to purchase up to 1,000 Bitcoins. This fundraising will be used to strengthen the company's balance sheet, enhance profit margins, launch new products, and attract larger institutional partners. The CEO stated that this fundraising is an important milestone in achieving the goal of acquiring 1,000 Bitcoins. -Original
7. Canaccord states that compliant stablecoins will become the core layer of internet currency
Canaccord Genuity's research report released on June 18 pointed out that with the US Senate passing the (GENIUS Stablecoin Act), compliant stablecoins will become the 'layer of internet currency'. Analysts believe that the passage of this bill eliminates regulatory uncertainty, allowing stablecoins to break through the limitations of crypto trading pairs and gain broader application scenarios. The report emphasizes that compliant stablecoins are essentially viewed by the US government as cash equivalents, and their instant settlement and low-cost characteristics will enhance capital flow efficiency. Full reserve requirements will make stablecoins an important source of demand for short-term US Treasuries while promoting the dollarization process of the global economy. Analyst Joseph Vafi's team believes this marks the arrival of the programmable currency era. -Original
8. BitVault completes $2 million financing and launches BTC-collateralized stablecoin
DeFi protocol BitVault announced the completion of a $2 million pre-seed funding round, with strategic investors including GSR, Gemini, Auros, and Keyrock. This financing will support the launch of the Bitcoin derivative over-collateralized stablecoin bvUSD and its yield-bearing variant sbvUSD. BitVault will be deployed as a core protocol on the Katana chain incubated by Polygon Labs and GSR, using Liquity V2 permissioned fork technology, supporting institutional-level lending and automated liquidation. GSR will provide delta-neutral arbitrage strategies for its yield-bearing stablecoin. The protocol plans to launch its mainnet by the end of June, with plans to expand to more BTC collateral assets in the future. -Original
This concludes the selected highlights from the last 24 hours. For faster news, please download AiCoin (aicoin.com)
