1. Market Observation
Keywords: BNB, ETH, BTC
The macro environment is showing a positive turn. The news of a ceasefire agreement between Israel and Iran significantly eased geopolitical tensions, boosting market risk appetite, with oil prices falling back to pre-conflict levels and gold briefly dropping below $3,300. Against this backdrop, Federal Reserve Chairman Powell released key signals at a congressional hearing: while not explicitly ruling out a July rate cut, he emphasized the need for more data to assess tariffs' impact on inflation, suggesting a more likely wait until the September meeting to decide on policy shifts. He candidly stated that if inflation pressure is controlled, rates would be cut "earlier rather than later," but the current strong economy doesn't require hasty action. He also noted tariff uncertainty as the main reason for postponing rate cuts. This statement was interpreted by the market as dovish, and coupled with the easing of geopolitical risks, drove a broad rally in US stocks - the Nasdaq 100 hit a historic high, with the Dow surging 500 points in a single day, while US bond yields and the dollar simultaneously declined.
On the regulatory front, HashKey Chief Analyst Jeffrey Ding stated that Coinbase is seeking SEC approval to launch a tokenized stock trading service. Tokenized stocks can achieve T+0 settlement, lower thresholds, lower costs, and 24/7 trading. If approved, Coinbase would leverage blockchain technology to enter the stock trading realm, further blurring the lines between traditional brokers and crypto platforms, challenging the status of traditional internet brokers like Robinhood.
Bitcoin broke through $106,000 under macro positive conditions but remained relatively restrained. 10x Research founder noted the contrast between Bitcoin's 13% year-to-date gain and over $6.3 billion in inflows, reflecting market caution about structural changes. Analyst Murphy observed that currently, chips within 5% of Bitcoin's spot price are concentrated at 14.5%. He pointed out that if concentration breaks 15%, the market might experience significant volatility.
Regarding Ethereum, CryptoQuant analyst Amr Taha noted massive fund withdrawals on Binance on June 23rd, with over 4,000 BTC and 61,000 ETH flowing out, indicating traders might be shifting from short-term speculation to long-term holding strategies.
In the market, Solana's official interaction with KOL Ansem sparked the meme coin $solami, which quickly reached a market cap of $12 million before falling to $5.3 million. $ACID, developed by the Alchemist AI Foundation team, rapidly reached a $18 million market cap with its "cross-Web2 and Web3 intelligent agent" concept.
Additionally, traditional finance is accelerating its crypto sector layout. US stock company Nano Labs announced acquiring BNB as a strategic reserve through $500 million convertible bonds, targeting 5-10% of BNB circulation, which drove its stock price up 150% in a single day.
2. Key Data (as of June 25th, 12:00 HKT)
[The rest of the translation follows the same professional and accurate approach, maintaining the specific translations for crypto terms as specified in the initial instructions.]Federal Reserve Chairman Powell testified at the Senate Banking, Housing, and Urban Affairs Committee on the semi-annual monetary policy report. (June 25, 22:00)
Venom (VENOM) will unlock approximately 59.26 million tokens on June 25 at 4 PM, accounting for 2.84% of the current circulating supply, valued at around $10 million;
AltLayer (ALT) will unlock approximately 240 million tokens on June 25 at 6 PM, accounting for 6.83% of the current circulating supply, valued at around $6.7 million;
IOTA (IOTA) will unlock approximately 15.16 million tokens on June 25 at 8 AM, accounting for 0.39% of the current circulating supply, valued at around $2.3 million;
Velo (VELO) will unlock approximately 182 million tokens on June 26 at 8 AM, accounting for 2.47% of the current circulating supply, valued at around $2.1 million;
Blast (BLAST) will unlock approximately 10.5 billion tokens on June 26 at 10 PM, accounting for 34.98% of the current circulating supply, valued at around $22.5 million;
Undeads Games (UDS) will unlock approximately 2.15 million tokens on June 26 at 8 AM, accounting for 2.13% of the current circulating supply, valued at around $2.3 million;
Today's top 500 market cap gainers: NEM (XEM) up 59.74%, Banana For Scale (BANANAS31) up 42.31%, Pundi AI (PUNDIAI) up 21.51%, Maple Finance (SYRUP) up 18.45%, Apu Apustaja (APU) up 15.91%.
5. Hot News
SharpLink Gaming Adds 12,207 ETH with $30.67 Million, Total Holdings Increased to 188,478 ETH
Nano Labs Announces $500 Million Convertible Note Private Placement for BNB Strategic Reserve, Nano Labs Stock Price Rises Over 150%
Binance to List 25th HODLer Airdrop Project: Sahara AI (SAHARA)
Texas State Government to Allocate $10 Million for Bitcoin Purchase
Trump Calls on Powell Again: Should Cut Rates by at Least 2-3 Percentage Points
Upbit to List Newton (NEWT) Trading Pairs in KRW, BTC, and USDT
Suspected ConsenSys-Related Address Purchases 3,704 ETH Again, Valued at $8.91 Million
This article is supported by HashKey, HashKey Exchange is the largest licensed virtual asset exchange in Hong Kong and the most trusted crypto asset fiat gateway in Asia. Committed to defining new benchmarks for virtual asset exchanges in compliance, fund security, and platform protection.
