QCP: The Fed may lower its expectations for the number of rate cuts, which will be bearish for risky assets such as Bitcoin
June 18th, QCP released an analysis stating that against the backdrop of rising geopolitical conflicts and inflationary pressures, the Fed's interest rate decision tonight is facing a complex situation. The Fed's interest rate decision meeting tonight is expected to keep rates unchanged, while sending a hawkish signal, emphasizing the increased inflation risks brought about by geopolitical uncertainties.The current market expects two rate cuts in 2025 and two more in 2026. However, QCP believes that the Fed may lower its expectations for rate cuts in the latest dot plot. If the Fed makes such an adjustment, it could put pressure on risk assets, including bitcoin and a broader range of digital assets, due to reduced liquidity expectations.
Jun 18, 2025
Bitget Onchain Launches BASEDD Token
Bitget Onchain launches Solana ecosystem MEME token BASEDD. Users can start trading on the chain trading section.
Jun 18, 2025
OpenAI accuses Meta of trying to poach developers from OpenAI for $100 million
OpenAI CEO Sam Altman accused Meta, owned by Zuckerberg, of trying to catch up in the artificial intelligence competition by offering $100 million in signing bonuses and higher salaries to lure developers away from OpenAI. Altman said that Meta, valued at $1.8 trillion, has started offering "huge bids" to employees in his team after falling behind in its current artificial intelligence advancement work. He also said, "I think it's reasonable for them to keep trying. Their current efforts in artificial intelligence have not met expectations, and I respect their continued proactive attitude. But none of the 'best talents' under me have accepted Zuckerberg's invitation." According to a source, as part of the Superintelligence program, CEO Zuckerberg has been personally selecting talents and calling them.
Jun 18, 2025
Wang Xin, Director of the Research Department of the Central Bank: The future status of the US dollar depends on two aspects. Market confidence in the US dollar has declined.
2025 Lujiazui Forum today, Wang Xin, Director (Director) of the Research Bureau of the People's Bank of China (Office of Counselors), said that the future status of the US dollar depends on the US economy and US policies on the one hand. We have seen significant changes and a decrease in market confidence in the US dollar. On the other hand, it also depends on the development of other major currencies and other major currency issuing countries, which is a comprehensive result. Generally speaking, if we move from a system that relies too much on the US dollar to several major currencies competing with each other, providing some constraints and incentives for the policies of major currency issuing countries, it should be a better improvement.
Jun 18, 2025
China Securities Regulatory Commission: Qualified foreign investors will be allowed to participate in ETF options trading
China Securities Regulatory Commission announced that, with the approval of the People's Bank of China and the State Administration of Foreign Exchange, qualified foreign investors will be allowed to participate in onshore ETF option trading starting from October 9, 2025, with the trading purpose limited to hedging.
Jun 18, 2025
Matrixport: Global liquidity change indicators may push Bitcoin prices to $140,000 by the end of this summer
Matrixport released a chart today stating that over the past 18 months, global liquidity changes have reflected Bitcoin trends ahead of time multiple times, which many investors consider an important "leading indicator." However, as the market structure evolves, the predictive power of this model is weakening and requires continuous validation and dynamic adjustments.
Jun 18, 2025
Musk: Bloomberg's report that xAI is burning $1 billion a month is untrue
Bloomberg previously reported that Musk's AI startup xAI is trying to raise $9.3 billion through debt and equity financing, as it burns $1 billion a month. Musk denied this and called the report "groundless."
Jun 18, 2025
Iranian crypto exchange Nobitex: Confirmed to have been hacked, hot wallet assets damaged
Iranian cryptocurrency exchange Nobitex today released a security incident notification, confirming that the platform has been attacked by hackers, with some hot wallet assets affected. It is reported that the Israeli hacker group "Gonjeshke Darande" has claimed responsibility for the attack and threatened to publicly release Nobitex's source code and internal information within 24 hours.Nobitex has stated that assets in cold storage are safe, and they promise to fully compensate for losses through insurance funds and platform resources. Currently, the platform website and applications have been temporarily shut down, awaiting completion of a comprehensive investigation by the security team.
Jun 18, 2025
China Launches e-CNY International Hub in Shanghai, Boosting Yuan's Global Influence
The Governor of the People's Bank of China, Pan Gongsheng, announced the establishment of an international operation center for the e-CNY in Shanghai during the Lujiazui Forum. The main objective of the center is to enhance the global influence of the Chinese yuan through its digital version. Despite being one of the most advanced central bank digital currency projects globally, the e-CNY has faced slower user adoption, especially for cross-border transactions. Pan highlighted the importance of blockchain and distributed ledger technologies in shaping global payment systems, emphasizing the role of stablecoins and CBDCs in transforming cross-border settlement infrastructure. China's decision to launch the e-CNY international hub in Shanghai reflects its commitment to leading the evolving financial landscape amidst competition from other national digital currencies and global stablecoins.
Jun 18, 2025
Musk: Bloomberg's report that xAI is burning $1 billion a month is false
Bloomberg previously reported that Musk's AI startup xAI is trying to raise $9.3 billion through debt and equity financing because it burns $1 billion a month. Musk denied this and called the report "nonsense."
Jun 18, 2025
Blockchain gaming startup Uptopia completes $4 million in funding led by Pantera Capital
Base Chain game launch platform Uptopia announced the completion of a $4 million financing round, led by Pantera Capital, with participation from Spartan, Coinbase Venture, and others. Uptopia stated that the platform is about to go live, aiming to help games increase liquidity on the chain and attract the attention of native game audiences.
Jun 18, 2025
Distributed computing power platform OwlVerse is about to be launched, and the computing power planet creation plan will be fully launched
TrendX's Web3 distributed computing power platform OwlVerse will officially launch in early July. OwlVerse uses the EggForge forging system as its core mechanism, allowing users to transform existing Eggs into a brand new series, launching a "computing power planet" with autonomous intelligent logic, each planet can freely set token models, lifecycles, and governance structures.
Jun 18, 2025
BofA Global Research: It's time to buy medium-term Japanese government bonds on dips
three members of the Bank of America Global Research said in a report that it is time to buy medium-term Japanese government bonds while prices are falling. Participants in the bond market apparently believe that the Bank of Japan may not raise interest rates until October 2025 at the earliest. Bank of Japan Governor Haruhiko Kuroda continues to emphasize the high uncertainty of the Trump administration's tariff policy. In addition, there was no agreement reached at the Japan-US summit. Therefore, it may take some time for the market to start digesting the Bank of Japan's next interest rate hike.
Jun 18, 2025
ZachXBT: Nobitex suspicious outflows increase to approximately $81.7 million
on-chain detective ZachXBT posted an update on the "Iranian encrypted trading platform Nobitex hacked" incident on his personal channel. The current suspicious outflow of funds has increased from the previous $48.65 million to approximately $81.7 million. Fund outflows have been found on Tron, Bitcoin, DOGE Chain, and EVM chains, involving multiple wallets related to the trading platform.
Jun 18, 2025
Agricultural company AgriFORCE uses natural gas to power 120 cryptocurrency miners
Canadian agricultural company AgriFORCE Growing Systems Ltd. has launched a plan to power 120 Bitcoin mining machines using stranded natural gas, with the company stating plans to further expand the project. The project is located in the city of Beaverlodge in Alberta province, and was launched in partnership with energy supplier BlueFlare Energy. AgriFORCE stated on Tuesday that the site, powered by 425 kilowatts (kW) of electricity, can achieve a computing capacity of 32 petahashes per second (PH/s).
Jun 18, 2025
Opinion: Binance Alpha’s volume-increasing activity has no high-quality targets
according to @ai_9684xtpa monitoring, Binance Alpha currently has no particularly good targets for volume brushing. Even if the wear is low, there is a risk of coin price fluctuations. Users should pay attention to keeping slippage within 0.01%, enabling MEV protection, and avoiding large single-volume brushing.
Jun 18, 2025
The three major Chinese Bitcoin mining machine giants, which account for more than 90% of the market share, have turned to the United States to set up factories to cope with tariff pressure
in response to the Trump administration's policy of imposing tariffs on "Liberation Day", the three major Chinese Bitcoin mining machine manufacturers Bitmain, Canaan, and MicroBT have set up production lines in the United States, accounting for over 90% of the global mining machine market share. Canaan has already started trial production in the United States, while MicroBT is actively promoting localization strategies. Analysts warn that China's dominance in hardware supply poses a strategic risk to the United States, and US mining companies are pushing to restrict Chinese product imports to balance supply and demand. (Reuters)
Jun 18, 2025
Bithumb suspends Nervos (CKB) deposit and withdrawal services due to network upgrade
Korean exchange Bithumb announced that in order to support the Nervos (CKB) network upgrade, CKB deposit and withdrawal services will be suspended starting from 18:00 on June 30, 2025 (KST) until the network stabilizes. Bithumb's node servers are expected to complete the upgrade by 17:00 on July 1, 2025 (KST). Trading will not be affected during the suspension period.
Jun 18, 2025
Traders slightly reduced their bets on a Bank of England rate cut, with expectations for a 41 basis point cut by the end of the year.
traders slightly reduced their bets on the Bank of England's interest rate cut, expecting a 41 basis point cut by the end of the year.
Jun 18, 2025
Privacy-first perpetual contract DEX Hibachi is officially launched
Hibachi announced the official launch of a decentralized perpetual contract exchange (Perp DEX) focusing on privacy protection. The platform is based on Celestia's modular data availability layer and Succinct's zero-knowledge proof infrastructure, achieving on-chain privacy protection for transaction records, positions, and account balances, aiming to address the privacy issues caused by on-chain transaction transparency from the ground up.It is reported that Hibachi has received investment support from Dragonfly and Electric Capital. Currently, Hibachi has launched core perpetual contract trading functions, and will continue to introduce strategy vaults, native lending markets, multi-asset collateral mechanisms, and spot trading functions to meet users' comprehensive risk management and asset allocation needs. The market currently expects it to possibly launch a native token to further incentivize user participation.The team stated that they will continue to advance product innovation and ecosystem expansion around the three core concepts of "fast execution, privacy protection, and on-chain verifiability."
Jun 18, 2025