X will launch investment trading function South Korea plans to launch virtual asset ETF roadmap
転載元： jinse
06/20/2025·2DHeadlines
▌X will be built into a "super application", which will include investment, trading and other functions
Linda Yaccarino, CEO of social media platform "X", said users will be able to invest or trade on this social media platform "soon", according to the Financial Times. She outlined the company's move into the financial services sector to achieve its owner Elon Musk's goal of creating an "all-encompassing app." Yaccarino added that the company is also exploring the launch of X credit or debit cards, which could be launched as early as this year. X has previously stated that it will launch its digital wallet and peer-to-peer payment service X Money later this year, and Visa will become its first partner.
▌Korea Financial Services Commission is developing a roadmap for launching virtual asset ETFs
According to Bitcoin News, the South Korean Financial Services Commission is developing a roadmap for virtual asset ETFs, which is expected to be launched in the second half of this year.
Quotes
As of press time, according to CoinGecko data:
BTC price is US$104,700, up and down -0.1% in 24 hours;
The ETH price is US$2,521.60, with a 24-hour ups and downs +0.1% ;
The price of BNB is US$644.69, with a 24-hour ups and downs +0.2% ;
The SOL price is US$147.03, with a 24-hour ups and downs +0.4% ;
DOGE price is US$0.171, with a 24-hour ups and downs +0.5% ;
XRP price is US$2.17, with a 24-hour ups and downs of -0.1% .
The price of TRX is $0.2747, with a 24-hour ups and downs +0.6% .
policy
▌US Treasury Secretary: GENIUS Act Passed Will Attract Global Users to Join the USD-Based Digital Asset Economy
US Treasury Secretary Bescent posted on X platform that the recent report predicts that the size of the stablecoin market may reach US$3.7 trillion in the next decade. With the passage of the GENIUS Act, the prospects for the stablecoin market will be brighter. The stablecoin ecosystem will drive demand for U.S. Treasury bonds in the private sector, which is the support of stablecoins. This new demand is expected to reduce government borrowing costs and help control national debt. It may also attract millions of new users to join the US dollar-based digital asset economy around the world, a win-win situation for all participants.
▌White House: Trump will decide whether to attack Iran within two weeks
According to CCTV News, on June 19 local time, the White House stated on the Iran issue that US President Trump will decide whether to attack Iran within two weeks.
▌U.S. Senate postpones review of new sanctions plan against Russia
According to CCTV News, on June 19 local time, the US Senate postponed its review of the new sanctions plan against Russia. Glev, chairman of the board of directors and CEO of the Russian Federal Savings Bank, said on the same day that the bank is holding talks with U.S. partners against the backdrop of easing Russia-US relations, but it is currently only "tested contact". On the 16th local time, US President Trump said that the United States will suspend sanctions on Russia in an attempt to reach an agreement.
▌Trump signs executive order extends TikTok 's closure deadline by 90 days
Trump posted, "I just signed an executive order to extend the TikTok closure period by 90 days (i.e. September 17, 2025).
▌Trump: Powell should cut interest rates by 250 basis points
US President Trump: Federal Reserve Chairman Powell should cut interest rates by 250 basis points.
▌French parliament rejects proposals related to Bitcoin mining
The French National Assembly refused to discuss a proposal to use Bitcoin mining as the potential destination for France's energy surplus. The proposal was rejected for procedural reasons and failed to enter the substantive discussion stage. The proposal aims to assess "the conditions for developing Bitcoin mining activities in France as a tool to leverage electricity to produce surpluses, stabilize the grid and optimize nuclear power plant operations".
Blockchain application
▌Circle CEO: CPN nodes will create greater global liquidity for stablecoins and fiat currencies
Circle CEO Jeremy Allaire posted on social media that "Every node on the Circle Payments Network (CPN) creates more value for all network participants and creates greater global liquidity for stablecoins and fiat currencies." According to reports, institutions can use stablecoins such as USDC and EURC to transfer value 24/7 on the Circle payment network CPN without integrating with each individual payment provider.
▌Telegram founder has been approved to leave France from July 10
Telegram CEO Pavel Durov has been authorized to leave France for up to 14 days from July 10, but only to Dubai. All other provisions of its judicial oversight remain unchanged.
▌Hypersphere partner encountered Zoom phishing attack, and 6 wallet funds were stolen
Mehdi Farooq, an investment partner at crypto venture capital firm Hypersphere, said his six wallet funds were stolen and his years of savings were lost after being hit by a fake Zoom call phishing attack. Mehdi Farooq revealed that the attack began with a message posted on Alex LinTelegram he knew, and the two had interacted before, so the contact seemed like a routine, the latter shared the meeting link, and after joining the scheduled Zoom meeting, he found no audio. Shortly after running the update, his system was hacked and the hacker "squeezed his years of savings" in just a few minutes.
▌XRP Ledger launches community-led organization XAO DAO
XRP Ledger will adopt decentralized governance through the upcoming XAO DAO, its first community-led organization to leverage XRP tokens to drive proposals, funding, and on-chain decision making.
▌KyberSwap: It plans to launch ZKsync Era on the aggregator starting from July 1
Kyber Network issued a statement on the X platform that it will remove ZKsync Era from the aggregator from July 1, 2025. After the offline operation takes effect, KyberSwap aggregator will continue to support 15 main chains including Ethereum mainnet, Base, Arbitrum, Optimism, etc. It is reported that this update only affects the KyberSwap aggregator, and the cross-chain function still supports ZKsync Era normally.
Cryptocurrency
▌More than 100 companies have held a total of more than 830,000 BTC
According to Cointelegraph, more than 100 companies have a total of more than 830,000 BTC (about 86.476 billion US dollars).
▌In June, BlackRock has bought ETH worth more than US$750 million
Arkham posted on the X platform that BlackRock had purchased more than $750 million worth of ETH in June this year and did not sell it.
▌Semler Scientific appoints Bitcoin strategy director, with a goal of holding at least 10,000 BTC by the end of the year
Nasdaq listed medical technology company Semler Scientific (NASDAQ: SMLR) has appointed Joe Burnett as the director of Bitcoin strategy; the goal is to hold at least 10,000 bitcoins by the end of 2025 and reach 105,000 by the end of 2027. Joe Burnett is a leader in Bitcoin and financial markets. Previously, he served as Market Research Director at Unchained, a financial services company focused on Bitcoin, committed to promoting the wider use of Bitcoin in the capital market and helping to shape institutions’ understanding of collaborative custody. Prior to joining Unchained, Joe served as Chief Analyst and Product Manager at Blockware Solutions and helped launch Blockware Marketplace, one of the largest Bitcoin mining platforms in the United States.
▌Founda Capital Founder: SOL will surpass ETH
Anthony Scaramucci, founder of SkyBridge Capital, said at DigiAssets 2025 meeting that "SOL will surpass ETH", and at the same time expressed no special opinion on ETH, but he did not give a specific timeline for Solana to surpass Ethereum's market value. Anthony Scaramucci added that he had only entered cryptocurrencies in 2020 and did not really accept Ethereum at that time, but just had a more thorough understanding of Solana. Currently, Sky Bridge Capital holds nine-digit Bitcoin and Solana on its balance sheet, with about 40% of its customer funds investing in digital assets, covering Multicoin Capital and Brevan Howard Digital, among others. In addition to the funds containing digital funds, there is also a cryptocurrency fund of about $300 million, which may include Solana, Avalanche, Polkadot and a large number of Bitcoins.
▌Coinbase: More than 40 million SOLs have been pledged to the Coinbase verification node
Coinbase publishes Solana Verification Node Performance Report. As of June 1, 2025, more than 40 million Sols were pledged to the Coinbase Verifier, accounting for 10.6% of the total stake in Solana. Coinbase verification nodes are distributed in 6 countries and 2 bare metal providers, with built-in protection features such as preventing double signatures.
▌Trump 's company reduces its holdings in WLFI shares in crypto project
According to Forbes, a Donald Trump-owned company has reduced its stake in the crypto project World Liberty Financial from 60% to 40% in the past 11 days, according to an analysis of World Liberty’s official website rules. The change has no public publicity, and is another sign that Trump himself or the person acting on his behalf is still conducting behind-the-scenes transactions secretly during his tenure.
▌Fetch.ai will launch a $50 million FET token repurchase program
Humayun Sheikh, CEO and Founder of Fetch.ai, announced that the platform's practicality has been significantly improved due to the increase in use of ASI1 and proxy platforms. He said that FET tokens are currently undervalued and announced that the Fetch Foundation will launch a FET token repurchase program with a total of US$50 million on several exchanges, which will receive support from market makers.
Important economic trends
▌JPMorgan Chase: The Federal Reserve may keep interest rates unchanged by the end of this year
David Kelly, chief global strategist at JPMorgan Asset Management, said the Fed could keep interest rates unchanged by the end of this year. He noted that if inflation is expected to rise due to tariffs, it will not subside until 2026. “By the end of next year, the economy should cool down. Inflation should cool down, and maybe they will give us some lower interest rates.” “Now, don’t wait for the Fed’s low interest rates with your breath because they don’t seem to have any intention of offering low interest rates.”
Goldman Sachs: The Federal Reserve expects to keep interest rates unchanged next month
According to Goldman Finance, Simon Dangoor, head of fixed income macro strategy at Goldman Sachs Asset Management, said the Federal Reserve meeting was moderate and despite raising its recent inflation expectations, it is expected to cut interest rates twice this year. He said: The FOMC members’ hint is that they continue to expect the recent strengthening of inflation to be largely temporary, and their tolerance for rising unemployment remains low. We expect the Fed to remain silent at next month's meeting, but we believe a new easing cycle could begin later this year if the labor market weakens.
▌Bank keeps interest rates unchanged
The Bank of England kept the policy interest rate unchanged at 4.25%, in line with market expectations, and the interest rate remained at a high of more than two years.
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 rise. This can lead to a callback for risky assets, including cryptocurrencies.
