Odaily News Zhou Xiaochuan, former governor of the People's Bank of China, said at the 2025 Lujiazui Forum that the most talked-about stablecoin now is the US dollar stablecoin. Although other places want to issue stablecoins in their own currencies, it is "hard to say" what role they can play in the world, while the US dollar stablecoin may have a global impact. Zhou Xiaochuan believes that the US dollar stablecoin may assist dollarization. The impact of dollarization on the economy is controversial. Unless faced with high inflation, high debt and other unavoidable situations, dollarization may bring many side effects. He suggested that when talking about the role that stablecoins may play in the future, we need to "have a string" in our minds and think about whether to engage in dollarization and the economic impact of dollarization on specific countries. (Shanghai Securities News)

Odaily News John Velis, Americas macro strategist at BNY Mellon, said no interest rate changes are expected at the upcoming Fed meeting, but the new Summary of Economic Projections could move the market. The dot plot will indicate that the rate cuts in 2025 will be smaller than previously expected. With markets expecting nearly two rate cuts this year, a more hawkish dot plot could disrupt markets. The Fed has become increasingly cautious about cutting rates in 2025, noting that inflation remains a top concern for most members who have shared their thoughts. Given the continued uncertainty about policy, the Fed is unlikely to soften its views on interest rates. After June, there are only four Fed meetings left this year, and it seems increasingly unlikely that there will be time for aggressive easing during the year. (Jinshi)

Odaily News According to the official announcement, Binance has launched the SoftStaking service, which allows users to participate in staking with one click through their spot accounts, supporting 10 tokens including BNB, SOL, ADA, SUI, TON, NEAR, POL, ALGO, S and AXS. This service has no lock-up period, and users can trade or withdraw at any time, and rewards are distributed to spot accounts every day. (This newsletter is generated by AI)

Odaily News According to the official announcement of Nobitex, on the morning of June 18, its technical team discovered that some notification infrastructure and hot wallets were accessed without authorization. After the incident, the platform immediately cut off all access rights and launched an internal security team to conduct a comprehensive investigation of the incident. The official emphasized that user assets are properly kept in accordance with cold storage standards and are safe. This incident only affected some hot wallet assets. In addition, due to the temporary restrictions taken by the security team, Nobitex customer support is currently inaccessible, and the team is working hard to restore communication functions through alternative channels.

Odaily News Matrixport released today's chart, saying that in the past 18 months, changes in global liquidity have repeatedly reflected Bitcoin's trend in advance, and are regarded by many investors as an important "leading indicator", but with the evolution of market structure, the predictive power of this model is weakening, and it needs to be continuously verified and dynamically adjusted. The current price of Bitcoin fluctuates between $105,000 and $110,000, which is basically consistent with the 13-week lag rhythm suggested by the model. If the correlation continues to be effective, Bitcoin needs to hold the current support range to maintain the expected rise. If the trend is further confirmed, the price of Bitcoin may climb to $140,000 by the end of this summer. The market is still divided on the stability of the model, but before it is falsified, it still has a certain reference value as a tool for observing changes in market sentiment and trends.

Odaily News According to the on-chain detective ZachXBT, the Iranian cryptocurrency exchange Nobitex was suspected to have been hacked, and a large number of suspicious withdrawals appeared on the Tron chain, with a cumulative amount of US$48.65 million.