6.19 Morning Report | The Market Ignores War Warnings, Funds Quietly Shift, Where is the Crypto Market Headed?

Market Dynamics:

1. BTC Decouples from US Stocks: Funds are flowing from cryptocurrencies to the stock market, BTC's independent trend ends, while the crypto market fades in the exuberance of the US stock market.

2. ETH is Suppressed: It should be strong but is constrained by overall sentiment. Will it gather momentum or continue to remain silent?

3. SOL Becomes a Short Target: A rebound seems unlikely, becoming the clearest shorting target in the current market. Bulls need to be cautious.

Global News Highlights:

1. New Remarks from the US Treasury Secretary: If Trump embraces crypto, it may instead consolidate dollar hegemony—this disruptive perspective sparks heated debate.

2. Crypto Unicorns Impacting IPOs: FalconX is preparing to go public in 2025, adding a new player to the US stock market from the crypto circle.

3. AI Arms Race Escalates: Sam Altman announces GPT-5 will launch this summer, accelerating technological iteration.

4. Criminal Groups' New Money Laundering Tactics: A gold money laundering case in the UK is exposed, with the crypto circle surprisingly becoming a 'civilized' choice.

5. Favorable US Policies: Ohio passes a bill exempting BTC payments under $200 from taxes, a friendly policy for Web3.

6. Institutions Calmly Respond to Elections: Japanese companies state that Trump's term is limited and refuse to adjust long-term strategies for short-term political fluctuations.

7. Federal Reserve Holds Steady: Interest rates remain at 4.25%-4.50%, Powell unusually admits: current forecasts are meaningless.

8. Accelerating Integration of Traditional Finance and DeFi: Ethena Labs collaborates with Securitize to achieve atomic swaps between BlackRock's tokenized fund BUIDL and USDt.

9. Coinbase Payment System Launches: The recent large-scale ban on Web3 cards is explained.

10. Paxos Makes a Comeback: Establishes Paxos Labs, focusing on institutional-grade DeFi access and customized stablecoin services.

Special Event:

The Virtuals.io project faced a sudden technical failure before its launch, resulting in a crash triggered only through contract claims, with Points’ price plummeting to 0.002 before a strong rebound.

Market Insights:

While the crypto circle remains concerned about geopolitical risks, Wall Street has already entered a festive mode. Behind this migration of funds is a fundamental shift in risk appetite. Whether one can grasp the pulse of the market depends on insights into trends and precise positioning.