The FOMC meeting minutes of the FED have just been released - Quick summary
→ Interest rates remain unchanged at 4.25-4.5%
→ High inflation: Significant inflation warnings may arise in the near future, with a forecast for 2025 at 3%, much higher than the previous forecast (2.4%).
→ Uncertainty has decreased but remains high. Mainly referring to risks from tax policy. And note: the war has not yet been included in the official forecasting model.
→ Forecast for interest rate cuts in 2025: 7 members: No cuts. 2 members: One cut. 8 members: Two cuts. 2 members: Three cuts.
The FED states that economic activity is still growing, but ISM data does not reflect that – it could be a way of speaking to avoid rate cuts.
Finally, the Fed has not committed to a specific timeline for the next rate cut due to unclear impacts from tax and trade policy.
The interest rate and FOMC announcement will be at 1 AM on June 19th
The market is almost certain at 99.9% that Jerome Powell and the FED will keep interest rates unchanged in tomorrow's meeting.
So there will be no surprises in the interest rate decision.
The important point lies in Powell's press conference. If he reveals the possibility of interest rate cuts in the near future, the market could reverse.
The qianbaidu.eth whale took profit of 6,500,000 USD $PEPE
One day ago, he transferred 594.191 billion PEPE to #Binance after holding for 3 months.
Recently, he took profits on both $PEPE and $HYPE, with total profits reaching 3.8 million USD. He cashed out just before the price crashed this morning, hitting the peak.
Matrixport warns: $132 billion IPO could impact Bitcoin price
Matrixport states that the crypto market is facing a large wave of IPOs, with a total value of up to $132 billion, and this could significantly affect the price of $BTC.
As Bitcoin surpasses $106,000, partly due to the influx of capital from large IPOs like Circle, the company has now achieved a valuation of $23.5 billion, far exceeding the initial expectation of $7.9 billion.
In addition to Circle, exchanges like Bullish ($13.5B), Gemini ($10.5B), and Kraken ($16.2B) are also preparing for IPOs in the coming months.
These IPOs could attract capital flows from traditional investors, indirectly supporting BTC prices.
However, caution is warranted regarding short-term fluctuations or the possibility of the market moving sideways in accumulation.
Notably, Circle's P/E ratio has reached 340 times, much higher than Coinbase's (42 times), raising concerns about overvaluation risks.
Four hours ago, this whale continued to deposit 609.003 trillion PEPE on #Binance, earning 6.43 million USD.
They started offloading their holdings 5 days ago, selling a total of 1.61 trillion PEPE, earning 18.08 million USD.
A month ago, this whale accumulated over 2.2 trillion PEPE at a higher price than the current one, costing up to 27.76 million USD. If they sold the $PEPE they deposited on the exchange, they would incur a loss of 2.16 million USD.