Odaily News Bitget market data shows that AXL rose above 0.6 USDT and is now at 0.60467 USDT, with a 24-hour increase of 87.31%. Earlier news, Upbit announced that it would launch AXL Korean Won and USDT trading pairs.

Odaily News Binance Futures will rename PUMPUSDT U-margin Perpetual Contract to PUMPBTCUSDT U-margin Perpetual Contract. Binance Futures will automatically liquidate PUMPUSDT U-margin Perpetual Contract at 17:00 (ET on June 13, 2025) and will remove the above perpetual contract trading pairs after the liquidation. It is recommended that users close their positions before stopping trading to avoid automatic position settlement. From 16:30 (ET on June 13, 2025), users will not be able to add new positions in PUMPUSDT U-margin Perpetual Contract. Binance Futures will launch PUMPBTCUSDT U-margin Perpetual Contract at 18:00 (ET on June 13, 2025), with a maximum leverage of 50x.

Odaily News Tim Murray, a strategist at T. Rowe Price, said the Fed will continue to hold its ground until tariff-related uncertainty subsides or there is a clear deterioration in the labor market. Murray does not expect a "Fed put option" in the short term, where the Fed cuts interest rates to save the market. Fed policymakers know that lowering interest rates is not a good solution to uncertainty. The Fed is also reluctant to cut rates given the risk that tariffs will push up inflation. Murray expects the Fed to stick to its data-dependent approach, avoid providing forward guidance, and avoid sending any "political messages." (Jinshi)

Odaily News Nano Labs founder Jack Kong (Kong Jianping) posted on the X platform that neither Zhejiang nor Hangzhou has launched special operations against blockchain industry practitioners, and the public security department has not taken any action either. The individual cases involved may be related to anti-fraud. Earlier news, Mirror Tang, founder of Web3 security company Salus, recently posted that Hangzhou police are conducting a systematic investigation of cryptocurrency practitioners.

Odaily News Matrixport released today's chart saying that Bitcoin has successfully broken through the short-term downward trend and formed a typical bullish "converging triangle breakout" pattern, which usually indicates trend continuation. Although we had expected the market to stabilize in the summer, this round of strong upward momentum shows that new funds are actively chasing the market and tariff concerns have gradually faded. Although the CPI data released this week may bring some upward pressure, it is not expected to affect the current market momentum. At the same time, the market is lowering its expectations for interest rate cuts this year: given that the US economy has shown unexpected resilience, there may only be one rate cut this year. As long as Bitcoin can hold $105,075, the bullish trend will remain unchanged.

Odaily News Arthur Hayes, co-founder of BitMEX, wrote, “If the Bank of Japan postpones its balance sheet reduction (QT) at its June meeting and restarts some quantitative easing (QE), risk assets will surge.”