Today's Outlook
1. Federal Reserve Chairman Powell will deliver semi-annual monetary policy testimony in the House of Representatives.
2. The U.S. current account for the first quarter (in hundred million USD) will be released today, with a previous value of 3039.
3. The U.S. Conference Board Consumer Confidence Index for June will be released today, with a previous value of 98.
4. Nexus Network Testnet III will officially launch on June 24 at 00:00.
5. Chiliz's Web3 sports application and wallet Socios.com announced a partnership with esports club Ninjas in Pyjamas (NIP) to launch the DOJO fan token. The token issuance (FTO) will take place on June 24, 2025, and rewards will be provided to its fans through NIP's loyalty platform The Dojo.
Macro & Hotspots
1. Trump Media claims that the $400 million stock buyback plan will not affect its Bitcoin reserve strategy. Trump Media & Technology Group (stock code DJT) announced plans to repurchase $400 million worth of stock. The company stated that this buyback will not affect its previously announced Bitcoin allocation plan, which is supported by $2.3 billion in private funding and has been approved for implementation by the U.S. Securities and Exchange Commission. Trump Media operates the Truth Social platform and the Truth.Fi fintech business, with Bitcoin allocation funds sourced from about 50 institutional investors' fundraising. The company's latest statement said it currently has about $3 billion in its balance sheet, maintaining flexibility to explore more strategic opportunities.
2. Federal Reserve Governor Bowman hinted that she may support a rate cut in July. Yesterday, Federal Reserve Governor Bowman stated, "If inflationary pressures are controlled, I will support a quick reduction in the policy rate at the next meeting to bring it closer to neutral and maintain a healthy labor market." Bowman has been very focused on inflation risks over the past year. She said that due to expected more idle capacity in the economy this year, she believes the price increases from tariffs will be "mild and one-time." She described the labor market as solid and expected to be close to full employment levels. However, she also cited evidence of vulnerabilities, including weakened labor market vitality, slowing economic growth, and narrow concentration of job growth, leading her to believe that the Federal Reserve should "pay more attention to the downside risks facing employment goals" in future decision-making. This is Bowman's first substantive comment on the economic outlook since being nominated by Trump and confirmed by the Senate as Vice Chair for Supervision of the Federal Reserve this spring.
3. Iran has confirmed its agreement to the U.S.-proposed ceasefire agreement with Israel. Reuters reported that a senior Iranian official confirmed that Tehran has agreed to the U.S.-proposed ceasefire agreement with Israel, mediated by Qatar. Previously, President Trump announced that Israel and Iran had reached a complete consensus to achieve a comprehensive ceasefire.
4. Strategy has once again increased its holdings by 245 bitcoins, bringing its total holdings to 592,345 bitcoins. Yesterday, Michael Saylor announced that his company Strategy has purchased 245 bitcoins at an average price of about $105,856 each, with a total investment of approximately $26 million. As of June 22, 2025, Strategy has cumulatively held 592,345 bitcoins, with a total investment amount of $41.87 billion, and an average cost per bitcoin of $70,681. It is reported that the company's bitcoin yield from 2025 to date has reached 19.2%.
Market Trends
1. $BTC is experiencing wide fluctuations in the short term, rallying strongly after breaking through the $100,000 mark, with $494 million in liquidations in the past 24 hours, primarily from short positions, and the market is following with a general rise; inside the platform, $BR and $BANANAS31 are leading the gains.
2. Iran's retaliatory attack on the U.S. was not as severe as expected, U.S. stock indices dropped sharply before rising again, with Tesla up over 8%, and crude oil plunged more than 10% from its daily high.
3. In the BTC/USDT liquidation map, based on the current 105425 USDT, if it drops by 2000 points to around 103425, the cumulative liquidation amount for long positions exceeds $299 million. If it rises by 2000 points to around 107425, the cumulative liquidation amount for short positions exceeds $251 million. The liquidation amount for long positions far exceeds that for short positions, suggesting reasonable control of leverage ratios to avoid triggering large-scale liquidations during market fluctuations.
4. In the past 24 hours, BTC spot inflows totaled $3.4 billion, outflows totaled $3.3 billion, resulting in a net inflow of $100 million.
5. In the past 24 hours, contract trading for $XRP, $AAVE, $INJ, $LAYER, $ETC, etc. has seen a leading net outflow, which may present trading opportunities.
