Odaily News Citigroup said it currently expects the Fed to cut interest rates by 75 basis points this year, including 25 basis points in September, October and December. It is expected that the Fed will cut interest rates by 50 basis points in January and March 2026 (cumulatively). (Jinshi)

Odaily News Lei Ming, who was once an investor in Huaxing New Economy Fund, invested in Circle in 2018. In his latest interview, he said that there was a certain amount of luck in investing in Circle seven years ago. At that time, Circle's main business was not stablecoins, and its valuation was only US$3 billion. Now the market value of US$20 billion is somewhat unexpected. The core judgment of investing in Circle is that blockchain technology can create very large commercial and social value in the future. The essence of finance is license ability, and Circle happened to be the one with the most complete licenses at that time. Circle was listed on the New York Stock Exchange last week, becoming the "first stock of global stablecoins". After two trading days, the stock price has risen by 247.42% from the issue price, with a market value of approximately US$24 billion. This IPO issuance of Circle ultimately raised US$1.1 billion and received more than 25 times oversubscription. (IPO Early Knowledge) Earlier news, Hong Kong-listed company Huaxing Capital disclosed that its Huaxing New Economy Fund had invested in Circle as early as 2018. The company will continue to be optimistic about the development of blockchain technology and actively explore the layout in the fields of Web3.0 and cryptocurrency assets.

Odaily星球日报讯 据官方公告，OKX 即将上线 USDG（GlobalDollar），具体时间安排如下：USDG 集合竞价时间段：2025 年 6 月 11 日下午 8：00 至 9：00（UTC+8）；USDG/USDT 现货交易开盘时间：2025 年 6 月 11 日下午 9：00（UTC+8）；USDG 开放提币时间：2025 年 6 月 11 日下午 11：00（UTC+8）。 （本条快讯由AI辅助生成）

Odaily News According to hypurrscan data, as the price of BTC fell this morning, Hyperliquid's 50x leverage whale turned its previous BTC short position into a profit, with a current floating profit of over $600,000. Its current position is 394 BTC short positions, with a total value of over $40 million, an average opening price of $103,772, and a liquidation price of $104,230.

Odaily News James Wynn posted on the X platform that he had just started to participate in perpetual contract trading in March this year. He had never traded seriously before, and at most he speculated on MEME coins (previously he was famous for discovering PEPE at a market value of 600,000 and making 8-digit profits). He once rolled over 3 million US dollars to 100 million in just one month, and then lost it all in one week on HyperLiquid. At that time, he was just playing around, but the on-chain data was public, and hundreds of thousands of people watched his account soar and plummet, so he just let himself go. Later, things gradually got out of control. He understood that this was essentially gambling. He wanted to recover his losses, but he was also afraid of being laughed at for "making 100 million and not being able to keep it", so he got deeper and deeper. The numbers jumping on the screen became a virtual game, and greed completely prevailed.

Odaily News OKX market shows that BTC rebounded and broke through 102,000 USDT, and is now at 102,016.4 USDT, with the 24-hour decline narrowed to 2.87%. (This newsletter is generated by AI)