Today's Outlook
1. U.S. EIA crude oil inventory (10,000 barrels) for the week ending June 20 will be announced today, previous value -1147.3
2. Federal Reserve Chairman Jerome Powell will testify today before the Senate Banking, Housing, and Urban Affairs Committee regarding the semi-annual monetary policy report.
3. AltLayer (ALT) unlocked approximately 24 million tokens, representing 6.83% of the current circulating supply, valued at about $6.7 million.
4. Venom (VENOM) unlocked approximately 59.26 million tokens, representing 2.84% of the current circulating supply, valued at about $10 million.
5. The Story ecosystem RWA protocol Aria will open APL redemption on June 25.
Macro & Hot Topics
1. Israel claims that after a call between U.S. and Israeli leaders, Israel will cease further military strikes against Iran, and the Iranian president stated readiness for dialogue at the negotiating table. The Iranian president asserted that if Israel does not violate the ceasefire agreement, Iran will not violate it either. The Israeli military claims to have delayed Iran's nuclear program by several years. The transportation minister stated that Israel plans to fully reopen its airspace. The Qatari prime minister expressed hope to resume ceasefire negotiations for Gaza within two days, urging Israel not to exploit the ceasefire with Iran to expand military operations in the Gaza Strip. Wang Yi spoke with the Iranian foreign minister, stating that China supports Iran in achieving a true ceasefire based on national sovereignty and security.
2. The Texas state government in the U.S. will allocate $10 million to purchase Bitcoin. According to reports, Texas Governor Greg Abbott recently signed Senate Bill No. 21, making the state the first in the U.S. to establish a publicly funded Bitcoin reserve. The state will allocate $10 million to purchase Bitcoin, becoming the first state in the country to actually fund (rather than just authorize) the establishment of a cryptocurrency reserve. Lee Bratcher, chairman of the Texas Blockchain Council, stated that although this investment only accounts for 0.0004% of the state budget, it sends an important signal of Texas's recognition of the future of digital finance. Accompanying Bill HB 4488 took effect simultaneously, prohibiting the transfer of Bitcoin reserve funds into the state's general revenue.
3. Chainlink collaborates with Mastercard to support 3 billion users in purchasing cryptocurrency on-chain. The partnership between Mastercard and Chainlink will allow over 3 billion cardholders worldwide to directly convert fiat currency to cryptocurrency on-chain using credit cards. This solution integrates Zerohash's compliance technology, while Swapper Finance, Shift4 Payments, XSwap, and Uniswap protocols will support an 'intuitive user experience.' Chainlink and Mastercard stated in a press release that through this collaboration, global cardholders will be able to 'directly purchase crypto assets on-chain through secure fiat-to-crypto conversions,' aiming to eliminate 'barriers that have long hindered mainstream users from entering the on-chain economy.'
4. Solana treasury company Upexi's stock price plummeted 60%, with investors selling 43 million shares. According to reports, Upexi (UPXI) saw its stock price drop by about 60% at Tuesday's open, falling below $4 to currently $3.82. This was due to investors registering to sell 43.85 million shares, equivalent to the company’s initial circulating shares in April. Upexi had previously raised $100 million to establish a Solana treasury and currently holds 679,677 SOL tokens. Despite investment bank Cantor Fitzgerald setting a target price of $16 for the company, optimistic about Solana's growth potential as treasury assets, the large supply of stocks still led to a significant decline in stock price.
Market Trends
1. $BTC short-term rises, mixed market performance, with $173 million in liquidations in the past 24 hours, mainly in short positions; the BASE series $CLANKER surged, while the small coin $SIX fluctuated wildly.
2. With the ceasefire between Israel and Iran in effect, all three major U.S. stock indices rose over 1%, and the Nasdaq 100 index hit an all-time high; crude oil plummeted over 6% in two days; Powell mentioned the prospect of rate cuts, with U.S. Treasury yields hitting a six-week low.
3. In the liquidation map of BTC/USDT, based on the current 106,201 USDT, if it drops by 2,000 points to around 104,201, the cumulative liquidation amount of long positions exceeds $680 million. If it rises by 2,000 points to around 108,201, the cumulative liquidation amount of short positions exceeds $390 million. The liquidation amount of long positions far exceeds that of short positions; it is recommended to reasonably control leverage ratios to avoid triggering large-scale liquidations amid market fluctuations.
4. In the past 24 hours, $1.9 billion flowed into BTC spot, $2 billion flowed out, with a net outflow of $100 million.
5. In the past 24 hours, contract trading for $SUI, $DOGE, $SOL, $XRP, $HYPE, etc., showed a leading net outflow, indicating potential trading opportunities.
