The weekly news preview | Federal Reserve announces interest rate resolution; U.S. Senate holds a final vote on the stablecoin GENIUS bill

Compiled by: Jerry, ChainCatcher

Key News:

• Trump Organization: Important announcements will be issued on June 16
• The U.S. Senate Will Final Vote on the Stablecoin GENIUS Act on June 17
• The Federal Reserve will announce interest rate resolution on June 19, and Powell holds a press conference
• Binance Alpha changes airdrop rules and will be distributed in two phases starting from June 19

Monday, June 16

Trump Organization: Important announcements will be issued on June 16

According to a Trump Organization (Trump Group) on X, the group will issue an important announcement at Trump Tower in New York at 8 a.m. Eastern Standard Time on June 16.

Trump's second son Eric Trump is currently the executive vice president of Trump Organization and one of the decision-makers of World Liberty Financial, the Trump family's crypto project. Previously, Trump Organization applied for a trademark under "TRUMP" to launch the Metauniverse and NFT trading platform.

Binance will stop supporting FIS and MDT token recharges through BNB Chain on June 16

According to official news, Binance announced that it will stop supporting FIS and MDT token recharges through BNB Chain from 16:00 on June 16, 2025.

Brazil B3 Stock Exchange will launch Ethereum and Solana futures on June 16

According to Bitcoin.com, Brazil's stock exchange B3 announced that it will launch Ethereum and Solana futures contracts on June 16, further expanding its crypto financial product line. The product has been approved by the Brazilian Securities and Exchange Commission (CVM) to help institutional investors avoid asset custody problems and participate in the crypto market more easily.

Unlike existing Bitcoin futures, ETH and SOL contracts will be denominated in US dollars, with each contract corresponding to 0.25 ETH and 5 SOL respectively. At the same time, B3 announced that it would lower the face value of Bitcoin futures contracts from 0.1 BTC to 0.01 BTC to improve liquidity and investor participation. The exchange has prepared these products since February this year and was originally scheduled to be launched before the end of the year.

Tuesday, June 17

The U.S. Senate Will Final Vote on the Stablecoin GENIUS Act on June 17

According to Cointelegraph, the U.S. Senate plans to hold a final vote on the stablecoin GENIUS bill on June 17 local time, and the specific time will be determined by the majority leader.

Bithumb will resume cryptocurrency withdrawal delay policy on June 17

According to the official announcement, South Korean cryptocurrency exchange Bithumb announced that due to the recent increase in phishing attacks, it plans to redeploy the virtual asset withdrawal delay system on June 17, 2025. The virtual asset withdrawal after the first Korean won deposit will be delayed by 72 hours, and the subsequent equivalent virtual asset withdrawal of Korean won recharge will be delayed by 24 hours.

An example of the 24-hour withdrawal delay system is: if 1 million won is existing and 2 million won is deposited in the total of 3 million won, then only 1 million won will be withdrawn every 24 hours; if 2 million won is deposited and there is no previous balance of won, the withdrawal of virtual assets will be limited to 24 hours, and an equivalent value of 2 million won will be withdrawn after 24 hours.

Starknet: STRK Staking v2 is scheduled to be online on June 17th

Ethereum Layer 2 network Starknet announced on the X platform that STRK Staking v2 is scheduled to be launched on the main network on June 17. This upgrade brings two key functions to validators: block proof and commission adjustment, allowing validators to increase commissions under the strict conditions of protecting the client.

Starknet added that to ensure that the mainnet is stable to achieve this upgrade, the staking contract will be suspended for several hours during deployment, migrating from v1 to v2, and giving validators time to integrate.

LG plans to close its NFT market Art Lab on June 17

LG announced it would close its NFT marketplace for TV devices under its sub-TV equipment Art Lab, which, according to its official notice, will close the platform on June 17, making the decision very difficult. Launched in 2022, Art Lab is a way to buy, sell and appreciate high-quality digital artwork through TV, which users can purchase by scanning QR codes and complete transactions through LG’s crypto wallet app Wallypto.

Wednesday, June 18

Sonic Labs: S airdrop Season 2 is scheduled to launch on June 18

According to official news, the second season of S token airdrop on Sonic will be launched on June 18, and the new system introduces a more dynamic structure for users and applications, aiming to reward real and continuous participation throughout the Sonic ecosystem.

It is reported that there will be no passive points in the second season, only activity points.

Thursday, June 19

The Federal Reserve will announce interest rate resolution on June 19, and Powell holds a press conference

At 2:00 on June 19, Beijing time, the Federal Reserve FOMC will release a summary of interest rate decisions and economic expectations. Then at 2:30, Federal Reserve Chairman Powell held a monetary policy press conference.

Binance Alpha changes airdrop rules and will be distributed in two phases starting from June 19

Binance posted on X that starting from June 19, 2025, Binance Alpha airdrops will be distributed in two phases: the first phase: users who meet the score (X) can receive them first, and everyone has a share; the second phase: the threshold is lowered to Y (Y < X), first served, until the prize pool is distributed or the event is over.

June 20 (Friday)

The Monetary Authority of Singapore and the police plan to block the unlicensed trading platform Octa and XM websites from June 20

According to the South China Morning Post, the Monetary Authority of Singapore and the police plan to block the websites of unlicensed trading platforms Octa and XM from June 20. After the blocking takes effect, users will not be able to log in through Singapore Internet service providers.

In a joint statement, the Monetary Authority of Singapore and the police pointed out that the two platforms provide and promote trading services to local residents without obtaining licenses and qualifications, such as leveraged foreign exchange trading, commodities, indexes and stocks, which violated the Securities and Futures Act of 2001. The two platforms also have cryptocurrency trading services. Most of the unregulated online trading platforms are located abroad, and the operational credibility is difficult to verify, and the risk of fraud is extremely high.

It is reported that Octa is operated by Octa Markets and Uni Fin Invest, while XM is operated by XM Global.