News

Shenzhen Tide TechFlow News, June 18, South Korea's KOSPI index opened up 68.79 points, or 0.78%, at 8933.03 points. The Nikkei 225 index opened up 472.99 points, or 0.68%, at 70375.24 points.

According to TechFlow news on June 18th, as reported by CCTV News, the Federal Reserve announced on the 17th that it would keep the federal funds rate target range unchanged at 3.5% to 3.75%. This decision to maintain the rate for the fourth consecutive time this year is in line with market expectations.The Fed's Summary of Economic Projections released simultaneously shows that the median forecast for the federal funds rate by Fed officials for 2026 has been raised from 3.4% in March to 3.8%. This indicates that Fed officials anticipate implementing rate hikes this year. The Summary of Economic Projections also reveals that the Fed has significantly raised the median forecast for the Personal Consumption Expenditures (PCE) price index increase this year from 2.7% in March to 3.6%, and the median forecast for core inflation this year has risen from 2.7% to 3.3%. The forecast for U.S. economic growth this year has been revised down from the previous 2.4% to 2.2%.On the 17th, Federal Reserve Chairman Kevin Warsh stated in his first press conference after assuming office as central bank chief that policymakers are committed to 'achieving price stability.' He acknowledged that inflation has been well above the Fed's 2% target and said, 'Persistently high prices are a burden on American families.'

PANews, June 18 – According to The Block, Strategy’s preferred stock STRC closed at $89 on Wednesday, down 11% from its $100 par value, and hit an intraday low of $88.50, marking its lowest closing price since listing. STRC currently pays an effective dividend yield of 12.9%, designed to maintain a stable price of around $100 through monthly interest rate adjustments. When the stock price is above par value, Strategy issues new shares to purchase Bitcoin, but the plan has been suspended while STRC trades at a discount. STRC is Strategy’s most liquid and actively traded preferred stock, with a trading volume of $417.5 million today. Rival Strive’s SATA traded above $99 on Wednesday with a dividend yield of 13.69%, outperforming STRC.

PANews, June 18 – According to Jinshi reports, Goldman Sachs Asset Management analyst Kay Haigh stated that today’s interest rate decision confirms the Fed’s recent hawkish shift is not solely related to rising energy prices. Despite the recent pullback in oil prices, half of the FOMC members expect rate hikes as early as this year, reflecting strong labor market and inflation data. Our base case remains that the Fed can narrowly avoid raising rates, but the path is narrow, and future inflation data will carry significant weight.

According to Shenchao TechFlow news on June 17, HTX market data shows that BTC has fallen below $66,000, currently at $65,993.33, with a 24-hour drop of 1.28%.

TechFlow News, June 17th, according to HTX market data, ETH has broken through $1,800, currently priced at $1,800.00, with a 24-hour decrease of 1.57%.

PANews reported on June 17 that, according to The Block, a bipartisan group of lawmakers led by Senator Cynthia Lummis has written to the Treasury Department requesting the preservation of states' power to regulate stablecoins under the GENIUS Act. This act allows stablecoin issuers with a market capitalization not exceeding $10 billion to be regulated by states, provided that state-level rules are "substantially similar" to federal rules. In April, the Treasury Department released proposed rules outlining broad principles for determining whether state-level regulations are "substantially similar," but did not specify a timeline or standards for state-level regulation. In their letter, senators stated that the lack of clarity "creates uncertainty for states," and therefore requested the Treasury Department to issue guidance clarifying the application, review, and certification processes for state-level systems. The New York State Department of Financial Services introduced formal rules last week to align its stablecoin framework with the GENIUS Act.

PANews reported on June 17th that, according to The Block, activity on Pump.fun, the once dominant meme coin launch platform on Solana, continues to deteriorate, with token graduation rates, revenue, and network fees all declining sharply. The 7-day average Pump.fun token graduation rate dropped to 0.26% last week, a decrease of 80% in three months. Daily revenue in June was only about $800,000, far below the $4.8 million six months ago. The PUMP token has fallen 40% over the past six months. The decline of Pump.fun has impacted the Solana network, with daily fees dropping to 5,300 SOL in June, significantly lower than the 33,000 SOL in January. Analysts believe that a large amount of capital previously invested in the Solana meme has shifted to perpetual contract trading on Hyperliquid, consistent with the rapid growth of HIP-3.

Deep Tide TechFlow news, June 16, according to HTX market data, SOL broke through $75, currently trading at $75.02, with a 24-hour gain of 10.97%.

TechFlow News, June 15, according to Bitget market data, SpaceX (SPCX.O) saw its gain expand to 10%, currently trading at approximately $177.96. Its market cap reached $2.33 trillion, once again surpassing TSMC (TSM.N) and approaching Amazon (AMZN.O).