Fed keeps interest rates unchanged UK plans to introduce bank crypto exposure restrictions
転載元： jinse
06/19/2025·3DHeadlines
▌The Federal Reserve continues to keep interest rates unchanged
The Federal Reserve kept the benchmark interest rate unchanged at 4.25%-4.50%, and remained unchanged for the fourth consecutive meeting, in line with market expectations.
▌The UK plans to introduce restrictions on bank crypto assets exposure by next year
David Bailey, executive director of the Bank of England's prudent policy, said the UK plans to propose new restrictions on banks' holdings of crypto assets by 2026 to prevent financial stability risks. The plan will refer to the disclosure framework developed by the Basel Committee, which recommends that banks' exposure to crypto assets such as Bitcoin should be limited to 1%.
Quotes
As of press time, according to CoinGecko data:
BTC price is US$104,711, up and down +0.1% in 24 hours;
The ETH price is US$2,519.84, with a 24-hour ups and downs +0.2% ;
The price of BNB is US$643.63, with a 24-hour ups and downs of -0.8% ;
The SOL price is US$146.28, with a 24-hour ups and downs of -1.2% ;
DOGE price is US$0.1704, with a 24-hour ups and downs +0.3% ;
XRP price is US$2.17, with a 24-hour ups and downs +0.3% .
The price of TRX is US$0.273, with a 24-hour ups and downs +0.5% .
policy
▌Trump: The United States does not seek a ceasefire but requires that "Iran has no nuclear weapons"
On June 18, local time, US President Trump said about the current conflict between Iran and Israel that the United States is not seeking a ceasefire, but what the United States is seeking is "complete victory", that is, "Iran has no nuclear weapons." In addition, Trump also said that "there is still a possibility of reaching an agreement." Earlier that day, Trump had made a series of remarks on the Iran issue. Trump said he has not yet decided whether to take military action against Iran. He also said that Iran wants to negotiate and has expressed his willingness to come to the White House.
▌Feder: Uncertainty about the outlook has weakened, but it is still at a high level
In its latest policy statement, members of the Fed Open Market Committee acknowledged that uncertainty has eased since May, but they noted that the fog has not completely dissipated. In May, officials wrote: "Uncertainty in the economic outlook has increased further." In a statement in June, the sentence was revised to: "Uncertainty in the economic outlook has decreased, but is still high." The adjustment may reflect a broader sense that the Trump administration is seeking a trade deal, while months of inflation data show that price increases throughout the spring are relatively low.
▌Powell: Rate cuts when the Fed is confident that inflation is falling
Federal Reserve Chairman Powell said before starting interest rate cuts, confidence that inflation is falling needs to be gained. "There is a lot of uncertainty in this regard, and considering the tariff policy, what is needed is confidence that inflation is falling." He said that between manufacturers, exporters, retailers and consumers, "there must be someone to pay for the tariffs." "End of the day consumers will be partly responsible, and we just want to see a little result before making a judgment too early," Powell said. Services inflation would "fall well" without tariffs, but the Fed needs to learn more about tariffs.
▌Powell: Rising tariff expectations make the Fed more cautious about continuing interest rate cuts
According to Golden Finance, Federal Reserve Chairman Powell said that the rise in tariff expectations has made the Federal Reserve more cautious about continuing interest rate cuts; the current monetary policy has been slightly tightened and is still moderately restrictive. It also said that the Federal Reserve's monetary policy must be forward-looking, the labor market does not urgently need a rate cut, and the 4.2% unemployment rate is at the low end of the sustainable long-term unemployment rate estimate.
Blockchain application
▌Crypto.com and Deribit will accept BlackRock's BUIDL fund as collateral
Crypto exchanges Crypto.com and Deribit will accept BlackRock’s tokenized fund BUIDL as collateral, allowing institutional clients to use it for spot, margin, derivatives, and over-the-counter trading (OTC). The move provides U.S. Treasurys with a profitable, blockchain-based native version with an annual return of 4.5%.
▌Coinbase launches Coinbase Payments service for business platforms
Coinbase launches Coinbase Payments for business platforms, a USDC-based payment solution for commercial platforms. It has been launched on Shopify. Coinbase Payments aims to reduce the platform's dependence on blockchain technology, help PSPs, market platforms and e-commerce infrastructure to quickly access stablecoin payments, support low-cost access, merchants do not need additional deployment, and plan to support programmable incentives in the future.
▌Central Financial Committee: Support financial institutions to use blockchain and other technological means to develop supply chain finance
The Central Financial Commission issued the "Opinions on Supporting the Accelerating Construction of Shanghai International Financial Center", which proposed to strengthen the construction of a unified financing credit service platform and support financial institutions to use blockchain and other scientific and technological means to develop supply chain finance. Serving the development of a multi-level and multi-pillar pension insurance system. Build a global financial technology center with high quality. Promote financial support for higher-quality integrated development in the Yangtze River Delta.
▌OpenAI starts offering ChatGPT Enterprise Edition discounts
OpenAI offers ChatGPT Enterprise Edition discounts to its customers who bundle additional products, ranging from 10% to 20%. OpenAI expects annual revenue from ChatGPT enterprise customers to approach $15 billion by 2030.
▌Paxos, a stablecoin issuer, sets up startup Paxos Labs
Stablecoin issuer Paxos has announced the establishment of a new startup called Paxos Labs, aiming to help institutions bring decentralized finance and on-chain products directly into their applications and platforms. It is reported that Paxos Labs has been incubating internally in Paxos for the past six months. The company will help companies connect with the DeFi market and real-world asset opportunities. Paxos Labs' initial products include issuing customized branded stablecoins, deploying tokenized income strategies, and managing structured digital assets.
▌Cryptocurrency Broker FalconX is in Early Negotiation for IPO
According to people familiar with the matter, cryptocurrency broker FalconX is in early negotiations for an initial public offering (IPO) in 2025 and may submit an application as early as this year. The company received $150 million in 2022 with a valuation of $8 billion.
▌OpenPayd and Circle announced cooperation to integrate stablecoins and fiat currencies
According to The Fintech Times, financial infrastructure provider OpenPayd has reached a partnership with Circle, which will leverage Circle Wallets' infrastructure to provide a unified fiat and stablecoin infrastructure layer for enterprises around the world. This means its enterprise customers will be able to transfer and manage funds globally through traditional banking channels and blockchain-based networks.
▌JD Coin Chain CEO: It is negotiating cooperation with global compliance exchanges to launch JD Stablecoin
Liu Peng, CEO of JD Coin Chain Technology, recently revealed in an exclusive interview with Bloomberg Business Weekly/Chinese Edition that as of early June, we have mainly conducted tests on Hong Kong dollar stablecoins and will conduct tests on other fiat currency stablecoins later. The second phase focuses on testing the use of stablecoins in three practical scenarios: cross- border payment, investment transaction and retail payment.
Cryptocurrency
▌Tether casts 1 billion USDTs on Ethereum network
According to Whale Alert monitoring, Tether Treasury cast 1 billion USDTs on the Ethereum network at 16:40:47 Beijing time on the 18th.
▌The US Secret Service plans to confiscate $225 million in crypto assets, setting the highest record for single recovery
The U.S. Department of Justice’s District Attorney’s Office filed a civil confiscation lawsuit in federal court, demanding the confiscation of cryptocurrencies worth more than $225.3 million. The indictment shows that this batch of cryptocurrencies is related to the theft of funds and money laundering activities in cryptocurrency investment fraud cases such as "pig killing". The indictment alleges that the cryptocurrency address involved forms a complex on-chain money laundering network, and has executed hundreds of thousands of transactions specifically used to conceal the source and flow of fraud proceeds. Scammers disperse funds through large amounts of cryptocurrency addresses and accounts, creating a funding fog. The investigation has confirmed that dozens of victims across the United States were deceived for misconceptions of false investment platforms, with more than 400 suspected victims worldwide, and the amount of losses in a single case reached millions of dollars. The San Francisco Branch of the Secret Service pointed out that the case set a record for the highest single cryptocurrency recovery amount in the 160 years since the agency was established.
▌Bit Deer has completed the issuance of convertible bonds of US$330 million
Bitdeer completed the issuance of US$330 million convertible bonds, with a face rate of 4.875%, and expires in 2031. This is the third time this Bitcoin mining company has raised funds through convertible bonds in the past year. The funds will be used for the research and development of SEALMINER mining machines and the expansion of data centers. This private placement is for qualified institutional investors, with a scale exceeding the original target of US$300 million and includes an over-allotment of US$45 million.
Important economic trends
▌Fed officials still expect a 50 basis point rate cut in 2025
Federal Reserve officials still expect a 50 basis point cut in 2025, but will only cut interest rates by 25 basis points in 2026, compared with a 50 basis point cut previously.
▌The Federal Reserve lowers GDP forecast for 2025 to 1.4%, while raising inflation expectations to 3%.
The Fed lowered its 2025 GDP forecast to 1.4%, while raising inflation expectations to 3%.
▌U.S. stocks close: The three major stock indexes are mixed, and Circle rises 34%
U.S. stocks closed on Wednesday, with the Dow Jones Industrial Average initially closing down 0.1%, the S&P 500 fell 0.03%, and the Nasdaq rose 0.13%. Circle (CRCL.N) closed up 34.2%, while Coinbase (COIN.O) rose 16%.
Golden Encyclopedia
▌How does quantitative easing work and affect encryption?
Quantitative easing (QE) is a non-traditional monetary policy tool used by central banks, especially when interest rates are already low and cannot be further reduced. It became popular during the 2008 global financial crisis, when traditional monetary tools such as lowering interest rates were not enough to stimulate economic growth. Quantitative easing policies not only affect traditional financial markets, but also cryptocurrency markets. When the central bank injects more money into the economy, some of the money flows into alternative assets such as Bitcoin and altcoins, pushing up its prices. As more funds are available for investment, a surge in liquidity often drives up the prices of all assets, including cryptocurrencies. In addition, fiat currencies may depreciate due to increased money supply during quantitative easing, causing some investors to seek cryptocurrencies to hedge the risks of inflation or currency depreciation. Bitcoin, in particular, is often seen as a store of value similar to gold. After the end of quantitative easing, cryptocurrencies may be affected. When the central bank ends quantitative easing or starts hikes (sustainment policy), liquidity will decrease and borrowing costs will also rise. This can lead to a callback for risky assets, including cryptocurrencies.
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