I. Crypto Market Overview
Key Takeaways
1.
Macro Environment
The US has delayed any Fed-issued CBDC until 2030, supporting private stablecoins and DeFi liquidity. The EU advances its digital euro, aiming to reduce reliance on USD stablecoins and shift payment flows. Canada’s higher-than-expected CPI dampens risk appetite, tightening crypto market liquidity.
2.
Crypto Market
Crypto markets declined over the past 12 hours, with BTC down 2.17% to $62,729 and ETH falling 3.80% to $1,664.81, pressured by ETF outflows and weak risk sentiment. Major altcoins like SOL (-2.97%), ARB (-5.29%), and FET (-5.56%) also dropped, while XRP slid 2.01%. No sector showed notable outperformance.
3.
Today's Outlook
Today, Australia’s May CPI and Germany’s Ifo survey results will be released, potentially impacting central bank expectations and regional risk sentiment for crypto and global markets.
Fear and Greed Index
86.00% Annual Percentile
20 Fear
Total Crypto Market Cap
$2.16T
Total Market Trading Volume
$71.62B
Altcoin Season Index
33.33%
Quarterly Percentile
47 / 100
Total Futures Market Open Interest
3.24B
Futures
388.90B
Perpetuals
II. Industry Updates
Macro-economic Policies
1.
The US House of Representatives has passed a bill prohibiting the Federal Reserve from developing a central bank digital currency (CBDC) until 2030, leaving private stablecoins as the main USD on-chain settlement tool. This policy shift supports stablecoin market share and may sustain DeFi and crypto liquidity in the US.
2.
The European Parliament's Economic and Monetary Affairs Committee approved the digital euro framework, paving the way for a state-backed digital currency by 2029. This move aims to reduce reliance on US dollar stablecoins and could shift European crypto payment flows toward euro-denominated assets.
3.
The Bank of England released its final stablecoin policy, removing individual holding limits and setting a £40 billion issuance cap per coin. This framework enhances the commercial viability of GBP stablecoins, potentially increasing their adoption in UK-based DeFi and crypto markets.
4.
Canada's May CPI rose to 3.2% year-on-year, exceeding expectations and reducing the likelihood of a near-term Bank of Canada rate cut. Higher-for-longer rates may dampen risk appetite, pressuring Bitcoin and altcoin prices and tightening domestic crypto market liquidity.
5.
A 60-day US sanctions waiver allows Iran to resume crude oil exports to China and India, pushing oil prices lower. Cheaper energy reduces inflationary pressure, which can support risk assets like Bitcoin, but the temporary nature of the waiver means macro volatility remains high for crypto markets.
Cryptocurrency Regulatory Trends
1.
The US House has passed a bill prohibiting the Federal Reserve from developing a central bank digital currency (CBDC) until 2030, reflecting lawmakers' concerns over privacy and banking system impacts. This move may delay US CBDC adoption and support stablecoin market growth.
5.
Nearly 100 Catholic leaders have opposed the Clarity Act's Section 604, warning it could weaken anti-money laundering efforts by exempting non-custodial developers from money transmitter rules. This controversy may influence the final shape of US crypto regulation.
Trending Tokens
1.
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Smart Money Movements
1.
A new wallet withdrew 1,683 BTC worth approximately $105 million from Binance, signaling significant Bitcoin movement off-exchange.
2.
A whale transferred 135,505,570 USDC (about $135.56 million) from Aave to an unknown address, highlighting major DeFi capital reallocation.
Events to Watch
Jun 24 (Wed)
Australia May CPI data and Germany Ifo survey results will be released, impacting central bank expectations and regional markets.
Jun 25 (Thu)
US Core PCE and Final GDP data; May PCE inflation data; $H (Humanity Protocol) unlocks $55M (9.4% of supply) post-hack; $NEWT unlocks $7.5M (64% of supply).
Jun 26 (Fri)
US advance goods trade balance for May; Japan Tokyo CPI data will be released, both influencing global risk sentiment.
Jun 28 (Sun)
UpRock unlocks 33.51M UPT tokens; Delabs Games unlocks 72.65M DELABS tokens, both as part of scheduled large token releases.
Jun 29-30 (Mon-Tue)
Orta Chain unlocks 23.75M ORTA tokens over two days, nearly a quarter of total supply, potentially impacting token liquidity.
III. Phemex Market Focus
New Listings
Support for SMCI/USDT futures with up to 10x leverage
Support for ARX/USDT futures with up to 10x leverage
Support for ALAB/USDT futures with up to 10x leverage
Support for KLAC/USDT futures with up to 10x leverage
Support for LRCX/USDT futures with up to 10x leverage
Phemex Promotions
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