Planet Daily | The Feds dot plot suggests four rate cuts in 2025; Trump: I hope all remaining Bitcoins are made in the U

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Planet Daily | The Feds dot plot suggests four rate cuts in 2025; Trump: I hope all remaining Bitcoins are made in the U

Headlines

Feds dot plot suggests four rate cuts in 2025

The Fed鈥檚 dot plot suggests four rate cuts in 2025 (up from three cuts projected in March).

Trump: I hope all remaining Bitcoins are made in the United States

Former US President Trump posted on Truth Social that Bitcoin mining may be the last line of defense against CBDC. He hopes that all remaining Bitcoins will be made in the United States, which will help the United States gain energy dominance.

The annual rate of US CPI in May was 3.3%, expected to be 3.40%, and the previous value was 3.40%.

The annual rate of US CPI in May was 3.3%, expected to be 3.40%, and the previous value was 3.40%;
The U.S. core CPI monthly rate in May was 0.2%, expected to be 0.30%, and the previous value was 0.30%;
The annual rate of the US core CPI in May was 3.4%, which was expected to be 3.50% and the previous value was 3.60%.
The U.S. CPI monthly rate in May was 0%, expected to be 0.10%, and the previous value was 0.30%.

Industry News

Market news: The Fed鈥檚 dot plot may have been voted through at this time, and there may be 2 interest rate cuts this year

Sam Stovall, chief investment strategist at Cfra Research, said that inflation was unexpectedly lower, causing futures prices to rise, while the 10-year Treasury yield fell sharply. This will ultimately benefit the Fed. At this point, the dot plot may have been voted through, and it is more likely that there will be two rate cuts in 2024 rather than one, but we still think that we will cut rates by 25 basis points per quarter by mid-2026. The inflation data allows investors to be more optimistic about the possibility of lower interest rates at the end of the year. Risk assets have risen sharply as a result, and growth sectors will also perform strongly within an hour after the opening.

Tether CEO: Plans to launch new types of digital asset products on June 17

Tether CEO Paolo Ardoino announced on the X platform that after a year of hard work, Tether will launch a new type of digital asset product on Monday, June 17.

Trump: I hope all remaining Bitcoins are made in the United States

Former US President Trump posted on Truth Social that Bitcoin mining may be the last line of defense against CBDC. He hopes that all remaining Bitcoins will be made in the United States, which will help the United States gain energy dominance.

1 0x Research: Bitcoin is expected to hit a new high if it breaks through $72,000

1 0x Research said in its latest market analysis report that tonights dual macro events CPI and FOMC seem difficult to predict after last weeks higher-than-expected US employment data, causing most Wall Street banks to postpone the first rate cut expectations to September or later. Although the interest rate-sensitive Nasdaq continues to hit record highs, Bitcoin has fallen from $71,000 to $67,000.
If Bitcoin climbs above $72,000 ($71,946), it could break out to new highs. However, over-allocation to Ethereum (leveraged) futures could lead to a negative impact on Bitcoin, and Bitcoin is more favored than Ethereum (BTC fell 5% last week, ETH fell 9%).
Comments by SEC Chairman Gary Gensler that Ethereum ETF S-1 approval will take time seem more likely to start unwinding leveraged long positions rather than repricing Wall Street鈥檚 rate expectations. Enthusiasm around Ethereum ETFs has dropped significantly, and the ETH/BTC exchange rate continues to move downward.

Matrixport: Ethereum May Underperform Again

Matrixport published an analysis saying that the ETH/BTC exchange rate has been on a clear downward trend since the merger of the PoW and PoS chains in September 2022. Although Ethereum occasionally surpassed Bitcoin briefly, this situation did not last. As the exchange rate pair approaches the top of the downward channel, ETH may perform poorly again.

U.S. core CPI falls to three-year low as traders see higher likelihood of Fed rate cuts

The U.S. unadjusted core CPI annual rate was 3.4% in May, lower than the expected level of 3.5%, the lowest level since April 2021. Traders expect the possibility of a Federal Reserve rate cut to increase.

Markets price in 100% chance of Fed cutting rates by 25 basis points in November

Swap contracts show that the market expects the Federal Reserve to cut interest rates by 25 basis points in November with a 100% probability.

Project News

DWF Labs: Will launch a fund focusing on specific project areas

DWF Labs co-founder Andrei Grachev announced on the X platform that after several months of hard work, planning and determining strategy, a fund focusing on specific project areas will be launched.

Solana Labs Launches Bond, a Customer Loyalty Platform

Solana Labs, the development company behind Solana, has launched a technology stack and white glove service for companies that want to launch customer loyalty programs on the blockchain. It has now launched the customer loyalty platform Bond, which is the third product developed by Solana Labs to be launched. The other two products are GameShift, which helps game developers create Web3 games, and Solana Mobile, the latter of which is currently accepting pre-orders for its second-generation Solana-integrated mobile phone.

The total amount of Ethereum beacon chain staked exceeded 33 million ETH, and the stake rate reached 27.55%

Dune data shows that the total amount of Ethereum beacon chain staked has exceeded 33 million ETH, reaching 33,019,764 ETH in the current period, with 1,031,868 validators, and the staked ETH accounts for 27.55% of the total ETH supply. Among them, the staked share of the liquidity staking protocol Lido is 28.76%.

Sushi DAO will continue to operate while Sushi Labs works to drive rapid product innovation

According to official news, Sushi released further explanation on recent progress:
Sushi DAO continues to operate in a decentralized manner. Sushi DAO has not been replaced or dissolved and will continue to operate, playing a vital role in governance and decision-making;
Sushi Protocol: Still permissionless, the protocol鈥檚 services are completely open to the public;
Sushi Bar Revenue Distribution: Revenue is still distributed to the bar, and xSUSHI holders are entitled to share part of the platform transaction fees;
Sushi Labs: Building better products for users, faster.
Sushi Labs aims to complement Sushi DAO, drive faster and more efficient development, and help Sushi maintain its leading position in the competitive DeFi space.
While Sushi Labs will drive innovation, the governance and decision-making process will remain decentralized. The new management structure includes committees to ensure community involvement and transparency.
Sushi has adopted a council structure to enable the community to manage resources efficiently. The new structure includes four committees: Sushi High Kitchen, Treasury Council, Grants Council, and Ambassador Council.

Ripple CEO: Ripples new stablecoin is called RLUSD

At the XRP Ledger Community Summit in Amsterdam, Ripple CEO Brad Garlinghouse announced the name of Ripple鈥檚 new stablecoin as RLUSD.

Wormhole: Stake for Governance currently only supports EVM chains

According to official news, Wormhole stated that although the Stake for Governance function uses the multi-chain governance system MultiGov, it currently only supports EVM chains (Ethereum, Arbitrum, Optimism, Base), and Solana will add support later. Therefore, current users who want to participate in W staking governance must transfer W on Solana to any supported EVM chain through Wormhole NTT. Users need to complete the transfer according to the instructions in the Wormhole governance portal, or transfer W to a supported EVM chain in advance through the Portal Bridge.

Security Risk

SafePal CEO and Lianchuang Xs account has been stolen, please do not interact with him

SafePal posted on X that the X account (@V_SafePal) of its CEO and co-founder has been stolen. All other channels and platforms remain safe and operations are not affected. Do not interact with any posts or private messages posted by this account until access is regained.
The X team has been notified and will post an update when access is restored.

This article is sourced from the internet: Planet Daily | The Feds dot plot suggests four rate cuts in 2025; Trump: I hope all remaining Bitcoins are made in the United States (June 13)

Related: More and more people are hoarding coins, and the amount of BTC inflow to exchanges has dropped to the lowest level in ne

Original author: Mary Liu, BitpushNews The cryptocurrency market was in consolidation mode on Tuesday, with Bitcoin continuing to hold above $63,000 while most altcoins saw small losses. According to Bitpush data, the trading price of Bitcoin on Tuesday ranged from $62,815 to $64,445, with both long and short sides evenly matched. As of writing, BTC is trading at $63,010, down 0.5% in 24 hours. Among altcoins, most of the top 200 tokens by market cap are in a downtrend. AIOZ Network (AIOZ) and Jito (JTO) led the gains, up 13.9% and 12.9% respectively, while Ethena (ENA) rose 7.2%. Helium saw the biggest drop, down 5.6%, followed by Book of Meme (BOME) down 5.6% and Celestia (TIA) down 5.5%. The current overall cryptocurrency market cap is $2.33 trillion, and Bitcoin’s dominance…

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