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According to Jinshi reports, Federal Reserve officials hinted that they may need to raise interest rates soon rather than cut them, especially in the context of rapidly rising inflation. Evercore ISI analyst Krishna Guha stated that a decline in energy prices could provide relief, but the interest rate outlook has decoupled from oil prices, and there remains uncertainty about whether underlying inflation will cool. Claudia Sam, chief economist at New Century Advisors, pointed out that the conditions to prompt the Federal Reserve to respond to supply-driven inflation have not yet emerged, but she acknowledged that the reasons for taking action are accumulating.

The development company behind zkSync, Matter Labs, announced layoffs on Tuesday and is fully transitioning the entire organization to the institutional-grade on-chain privacy infrastructure platform Prividium. CEO Alex Gluchowski defined this move on X as a skills restructuring rather than a cost-cutting measure, stating that the products built for regulated financial institutions since 2024 have evolved into Prividium, aiming to provide on-chain infrastructure that combines transaction confidentiality with compliance auditing capabilities for regulated entities such as banks and asset management companies.Gluchowski mentioned that this transformation is based on specific product feedback from institutional clients, but did not disclose the number of layoffs. According to CoinGecko data, the market capitalization of the zkSync token is approximately $115 million, having risen 4.3% in the past 24 hours. This transformation reflects a broader trend in the Layer 2 market, as ZK and L2 projects like Hyli and Botanix have shut down, and general-purpose horizontal platforms are facing pressure to find defenses in vertical fields. As of the time of publication, Matter Labs has not made any statements regarding the future of the zkSync network and ZK tokens.

Binance contracts will launch U-based and coin-based quarterly 1225 contracts on June 26, 2026, at 16:00. The U-based contracts include BTCUSDT quarterly 1225 and ETHUSDT quarterly 1225, with a maximum leverage of 50 times. The coin-based contracts include BTCUSD CM quarterly 1225, ETHUSD CM quarterly 1225, BNBUSD CM quarterly 1225, XRPUSD CM quarterly 1225, and SOLUSD CM quarterly 1225, with a maximum leverage of 20 times. Users will be unable to open positions 10 minutes before the delivery, and can only reduce or close positions.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.562 billion, with long positions of $2.284 billion, accounting for 50.06% of the holdings, and short positions of $2.279 billion, accounting for 49.94%. The profit and loss for long positions is -$24.4878 million, and for short positions is -$37.7512 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently with an unrealized profit and loss of $46.5964 million.

According to CoinDesk, Fidelity Investments has officially launched the "Fidelity Reserves Digital Fund," which aims to provide reserve asset management services for stablecoin issuers and institutional investors, further tapping into the capital management needs brought about by the rapid expansion of stablecoins. The fund will primarily invest in highly liquid assets such as short-term U.S. Treasury securities, cash, and repurchase agreements to meet the regulatory requirements for reserve assets of payment stablecoins under the U.S. GENIUS Act.At the same time, State Street has also recently launched a similar product, marking that large asset management institutions on Wall Street are accelerating their entry into the stablecoin reserve management market, competing around the cash and Treasury asset backing stablecoins.

According to SoSoValue data, yesterday (Eastern Time June 17), the total net inflow of the HYPE spot ETF was $2.1362 million. The HYPE spot ETF with the highest net inflow yesterday was the Bitwise Hyperliquid ETF (BHYP), with a net inflow of $1.6256 million for the day, bringing its historical total net inflow to $116 million. Following that was the Grayscale Hyperliquid Staking ETF (HYPG), with a net inflow of $510.6 thousand for the day, currently having a historical total net inflow of $9.1188 million. As of the time of writing, the total net asset value of the HYPE spot ETF is $235 million, with a HYPE net asset ratio of 1.46%, and the historical cumulative net inflow has reached $183 million.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0024%. Among the current mainstream exchanges, the rate on Binance is 0.0046%, OKX is 0.0035%, Bybit is 0.0009%, and Gate is 0.0044%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0017%. Among the current mainstream exchanges, the rate on Binance is 0.0026%, OKX is 0.0005%, Bybit is -0.0004%, and Gate is 0.0037%.

According to Jinshi reports, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged until July is 64% (91% before the decision), the probability of a cumulative rate hike of 25 basis points is 35.1% (8.9% before the decision), and the probability of a cumulative rate hike of 50 basis points is 1% (0% before the decision). By December, the probability of keeping interest rates unchanged is 14.2% (38.2% before the decision), the probability of a cumulative rate hike of 25 basis points is 36.4% (43% before the decision), the probability of a cumulative rate hike of 50 basis points is 33.8% (16.2% before the decision), the probability of a cumulative rate hike of 75 basis points is 13.5% (2.4% before the decision), and the probability of a cumulative rate hike of 100 basis points is 2.1% (0.1% before the decision).

According to Jinshi reports, the Federal Reserve has lowered its GDP growth and unemployment rate forecasts for this year, significantly raised the PCE and core PCE inflation expectations for this year and next, and also raised the federal funds rate expectations for the next three years.

According to Jinshi News, Christopher Hodge, Chief U.S. Economist at the French Foreign Trade Bank in North America, believes that the Federal Reserve's statement has been significantly streamlined, with clear hawkish signals. Interest rates remain unchanged, the tendency for easing has been removed, and there were no dissenting votes. The conclusion of the statement emphasizes the commitment to achieving price stability. Overall, this is a hawkish statement.

According to Jinshi reports, foreign media analysis points out that nearly half of the Federal Reserve decision-makers no longer believe that merely maintaining stable borrowing costs can drive the inflation rate back to the target level of 2%. The latest dot plot from the Federal Reserve shows that decision-makers' views on the interest rate path have shifted towards concerns about rate hikes, with some individuals convinced that the Federal Reserve will need to raise rates. Predictions indicate that the year-on-year increase in the PCE price index is expected to reach 3.6% by the end of the year, the core PCE price index will reach 3.3%, and the unemployment rate will remain at 4.3%.

According to Jinshi reports, the pricing of interest rate futures indicates that the Federal Reserve will raise interest rates by 30 basis points by the end of the year, an increase of about 9 basis points compared to before the Federal Reserve's interest rate decision.

Strive CEO posted on the X platform that Bitcoin is its minimum return rate standard. The viewpoint is that, measured by simple total return metrics, investing in Bitcoin operating companies is likely to struggle to outperform Bitcoin itself over the next 10 to 15 years. However, supporting the Bitcoin network is important, as Bitcoin is its foundational treasury asset. Part of this is to help Bitcoin operating companies grow and succeed. As the balance sheet continues to expand, it may be considered to invest in Bitcoin companies on a smaller scale relative to the balance sheet to help drive the success of native Bitcoin.

According to Jinshi reports, the market now fully expects the Federal Reserve to raise interest rates by 25 basis points before the end of the year.

According to Jinshi reports, the economic projections released by the Federal Reserve FOMC show that the median PCE inflation expectations for the end of 2026 to 2028 are 3.6%, 2.3%, and 2%, respectively, which is a downward adjustment compared to the expectations in March (which were 2.7%, 2.2%, and 2%, respectively).

According to Jinshi reports, the Federal Reserve FOMC has lowered its GDP growth expectations for 2026 to 2028, with medians of 2.2%, 2.3%, and 2.2%. In contrast, the expectations in March were 2.4%, 2.3%, and 2.1%.

According to Jinshi reports, the Federal Reserve has maintained the benchmark interest rate at 3.5%-3.75% for the fourth consecutive meeting, in line with market expectations.

According to Jinshi News, Rajappa, the head of U.S. research at Societe Generale, stated that core inflation will become a real concern for the Federal Reserve.