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6/17
18:03
Svmuu News: According to OKX market data, BTC has fallen below 64,000 USDT and is currently trading at 63,968.2 USDT, down 2.72% over the past 24 hours.
16:27
Svmuu News Federal Reserve Chairman Wash said Wednesday that he hopes financial markets will price securities based on their own assessment of the economy, rather than attempting to price them based on their expectations of how central bank officials will interpret the data.He said, “The more the markets focus on changes in the real economy, the better they can judge for themselves which data points are more important and which are relatively less important, and the better they can arrive at the pricing they deem most likely.” He added that this would help avoid a situation where “financial markets are simply constantly reflecting what we have said.” (Jin Shi)
16:27
Svmuu News Federal Reserve Chairman Wash stated at a press conference that no one at the Federal Reserve. wanted to raise interest rates in the near term. In response to a question suggesting that current data would support a rate hike, Wash said, “The assessment you’ve expressed was not shared by any of the 19 participants present.We will meet again in six weeks to revisit this issue.” (Jin Shi)
16:24
Svmuu News: Illinois Governor JB Pritzker signed the “Digital Asset Tax Act” on Tuesday, which will impose a 0.2% tax on the transaction value of digital asset trades or services provided to Illinois customers. The law will take effect on January 1, 2027. The tax primarily targets cryptocurrency service providers—including exchanges, custodians, and brokers—requiring them to collect and remit the tax on behalf of customers, in a manner similar to sales tax. Industry organizations such as the Crypto Council for Innovation, the Digital Chamber, and the Illinois Blockchain Association strongly opposed the bill, calling it potentially one of the strictest digital asset tax regimes in the United States. Critics argue that the tax will impose additional costs on Illinois residents simply for using digital assets and may drive crypto companies, developers, and innovation out of the state.
14:47
Svmuu News Federal Reserve Chairman Wash: “I cannot provide any forward-looking guidance on our next steps; we have abandoned forward-looking guidance, and my personal submission of a dot plot would not be helpful for policy implementation.” (Jin Shi)
14:38
Svmuu News Federal Reserve Chairman Wash: Inflation is well above the 2% target; persistently high prices are a burden, and recent history should not be seen as a prelude to inflation problems. (Jin Shi)
14:35
Svmuu News: Foreign media analysis indicates that nearly half of the policymakers at Federal Reserve no longer believe that, amid soaring oil prices following the war in Iran, simply keeping borrowing costs stable will be enough to bring inflation back down to the 2% target. Federal Reserve The latest dot plot reveals policymakers’ individual views on the interest rate path. It shows that the focus of the internal Fed debate has shifted rapidly: whereas the previous focus was on how long to keep rates steady before cutting them, attention has now turned to growing concerns about rate hikes—with some even convinced that Federal Reserve rate hikes will be necessary. In addition, forecasts released on Wednesday show that since March, Federal Reserve policymakers’ views on inflation have become more pessimistic, reflecting the sharp rise in inflation since the outbreak of the war.The median projections indicate that the year-over-year increase in the PCE price index is expected to reach 3.6% by year-end, up from the 2.7% forecast in March; the year-over-year increase in the core PCE price index is projected to reach 3.3%, up from the 2.7% forecast in March;the unemployment rate is projected to reach 4.3% by year-end, matching the actual reading in May and lower than the 4.4% forecast in March. This suggests that policymakers are increasingly convinced the labor market is not weakening and does not require support through interest rate cuts. (Jin Shi)
14:35
Svmuu News: WIRED reported on X that Donald Trump government officials stated that if Anthropic wishes to re-release Fable 5, it must ensure that the model’s security safeguards cannot be bypassed. Security experts have responded that this is not feasible.
14:21
Svmuu News Federal Reserve The dot plot shows that, of the 19 officials, only 18 submitted dot plot projections for 2026 and 2027, and only 17 submitted projections for 2028.Prior to the release of the dot plot at Federal Reserve, the market had already anticipated that the newly appointed Federal Reserve Chair, Wash, would not submit a dot plot projection. It is currently unclear which Federal Reserve official followed Wash’s lead and did not submit a dot plot projection for 2028. (Jin Shi)
14:17
Svmuu News Federal Reserve The dot plot shows that 1 person believes there should be 3 interest rate hikes in 2026 (compared to 0 in March), 5 people believe there should be 2 interest rate hikes in 2026 (compared to 0 in March),3 people believe there should be one rate hike in 2026 (compared to 0 in March), and 8 people believe interest rates should remain unchanged in 2026 (compared to 7 in March),1 person believes there should be 1 rate cut in 2026 (7 in March),0 people believe there should be 2 rate cuts in 2026 (compared to 2 in March), 0 people believe there should be 3 rate cuts in 2026 (compared to 2 in March), and 0 people believe there should be 4 rate cuts(1 person in March). Overall, the number of people supporting interest rate hikes in 2026 rose sharply to 9, including one who supports an aggressive 75-basis-point hike, while the number supporting rate cuts fell sharply to 1. (Jinshi)
14:11
Svmuu News: Nick Timiraos, “Federal Reserve’s Voice,” comments on the Federal Reserve interest rate decision: This Federal Reserve dot plot shows a clear hawkish bias.Among the 18 officials, 9 expect at least one rate hike this year, with 6 of them even anticipating multiple hikes. In contrast, only one official expects a rate cut this year; additionally, one participant (presumed to be Federal Reserve Chair Wash) did not submit a Summary of Economic Projections (SEP). Meanwhile, the Federal Reserve’s policy statement was comprehensively revised from start to finish, and the text was significantly shortened. Overall, the communication framework for this meeting has undergone a significant change, and market expectations regarding the interest rate path may be recalibrated as a result. (Jin Shi)
14:06
Svmuu News Federal Reserve The dot plot shows that, of the 19 officials, only 18 submitted dot plot projections. Among the 18 officials, one believed that cumulative interest rate hikes of 75 basis points should be implemented for the remainder of 2026,5 believed there should be a cumulative increase of 50 basis points, 3 believed there should be a cumulative increase of 25 basis points, 8 believed rates should remain unchanged, and 1 believed there should be a cumulative cut of 25 basis points. (Jinshi)
14:06
Svmuu News: The CEO of Strive posted on X, stating that Bitcoin is the company’s minimum return benchmark. His view is that, measured by simple total return, investing in the companies operating Bitcoin over the next 10 to 15 years will likely struggle to outperform Bitcoin itself.However, supporting the Bitcoin network is important, and Bitcoin is a core asset in its treasury. Part of this involves helping Bitcoin operating companies grow and succeed. As the balance sheet continues to expand, it may be worth considering investing in Bitcoin companies on a relatively small scale relative to the balance sheet to help drive the success of the native Bitcoin.
14:05
Svmuu News: The market now fully expects Federal Reserve to raise interest rates by 25 basis points before the end of the year. (Jin Shi)
14:02
Svmuu News Federal Reserve FOMC Statement: 9 of the 18 FOMC participants expect interest rate hikes in 2026. (Jin Shi)
14:01
Svmuu News Federal Reserve For the fourth consecutive meeting, the Federal Open Market Committee (FOMC) kept the benchmark interest rate unchanged at 3.50%–3.75%, in line with market expectations. (Jin Shi)
12:59
Svmuu News: Haseeb Qureshi, Managing Partner at Dragonfly, posted on X that while it was previously believed that the gap between open-source and proprietary models would continue to widen due to data gaps, hardware disparities, and increasing restrictions on data refinement, this view was incorrect, Zhipu has reached a new level, with its models performing exceptionally well in benchmark tests and receiving strong early user feedback.
12:49
Svmuu News: U.S. President Donald Trump delivered remarks on Wednesday following the conclusion of the G7 summit in France, defending the agreement reached between the United States and Iran and stating that he did not want to see the war in the Middle East continue, as that could trigger an economic disaster. Speaking in the French lakeside resort town of Evian-les-Bains, Donald Trump said: “‘The one thing I want to avoid most is an economic disaster. If this conflict continues, that is entirely possible.’Donald Trump said he did not want to become another Herbert Hoover. Hoover was serving as U.S. president when the stock market crashed in October 1929, an event that wiped out billions of dollars in wealth and ultimately triggered the economic crisis later known as the “Great Depression.” (Jin Shi)
12:34
Svmuu News: According to market reports: European Central Bank (ECB), President Lagarde, has directly blocked Binance from accessing Europe in order to support the promotion of the digital euro.
12:25
Svmuu News: Satori Finance, a multi-chain decentralized exchange backed by Polychain Capital, Coinbase Ventures, and other investors, has announced that it will cease operations and begin the shutdown process. The company stated that due to “prolonged adverse market conditions,” the platform’s revenue is insufficient to sustain ongoing operations, and it has therefore decided to gradually wind down its business.Users must complete asset withdrawals by 23:59 UTC on July 16; after that, the platform will no longer be accessible. In 2022, Satori Finance completed a $10 million seed funding round led by Polychain Capital, with participation from Coinbase Ventures, Jump Crypto, and others. The platform was deployed across multiple networks, including Arbitrum,Optimism, and BNB Chain, and at one point promoted 25x leverage and a “point mining” incentive model. (The Block)

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