Headlines
▌The U.S. Senate and House of Representatives have separately initiated resolutions to limit the president's power to start a war
According to CCTV News, on June 22, local time, Republican Congressman Thomas Massie and Democratic Congressman Ro Khanna jointly initiated a war power resolution aimed at controlling the executive branch and reaffirming the authority of Congress. Massie said that the United States was not facing an imminent threat, and Congress was on vacation when all this happened, and members of Congress were not briefed. In addition, Virginia Democratic Senator Tim Kaine said in an interview with Fox News on the 22nd that Senate Minority Leader Chuck Schumer was pushing for a vote on a resolution to limit the president's war powers as soon as possible so that all members of the Senate must declare whether the United States should go to war with Iran. According to reports, senators are expected to receive a briefing on the situation in Iran on the 24th.
▌Iranian Parliament Agrees to Close Strait of Hormuz
According to CCTV News, Kusari, a member of the National Security Committee of the Iranian Parliament, said that the Iranian Parliament has concluded that the Strait of Hormuz should be closed, but the final decision lies with the Supreme National Security Council of Iran. The Strait of Hormuz is located between Oman and Iran, connecting the Gulf of Oman in the east and the Persian Gulf in the west. It is the only sea route for the transportation of oil from the Gulf region to the rest of the world. About one-third of the world's seaborne crude oil trade passes through the Strait of Hormuz.
Market
As of press time, according to CoinGecko data:
BTC price is $100,847, 24 hours ups and downs -0.5%;
ETH price is $2,225.45, 24 hours ups and downs -0.7%;
BNB price is $616.44, 24 hours ups and downs -1.5%;
SOL price is 131.79 US dollars, 24 hours ups and downs -0.9%;
DOGE price is 0.1509 US dollars, 24 hours ups and downs -1.3%;
XRP price is 2.01 US dollars, 24 hours ups and downs -1.5%.
TRX price is 0.2637 US dollars, 24 hours ups and downs -2.4%.
Policy
▌US President Trump: The US goal is to destroy Iran's nuclear enrichment capabilities and stop Iran's nuclear threat
US President Trump: The US goal is to destroy Iran's nuclear enrichment capabilities and stop Iran's nuclear threat. Iran's facilities have been completely destroyed. Iran will either usher in peace or fall into tragedy. Many goals have not yet been achieved. Tonight's strike is the "toughest target". If peace is not achieved in the future, other targets will be accurately struck.
▌US Senator Lummis proposed the RISE Act to provide civil litigation protection for AI developers
US Senator Cynthia Lummis recently proposed the Responsible Innovation and Security Expertise Act of 2025 (RISE Act), which aims to provide civil litigation protection for AI developers and require them to disclose model specification information. The bill mainly applies to scenarios where professionals (such as doctors and lawyers) use AI tools, requiring developers to increase transparency so that professionals can better understand the capabilities and limitations of AI tools. Experts commented that the bill was "timely and necessary", but there were also criticisms that the bill was too biased towards AI developers, lacked transparency requirements, and did not cover the direct use of AI by ordinary users. Compared with the EU's AI regulatory framework, which focuses more on human rights, the RISE Act takes a risk-oriented approach.
▌US Secretary of State: The United States is ready to talk with Iran on the 23rd
In an interview with US media on the 22nd local time, US Secretary of State Rubio called on the United States and Iran to hold direct negotiations and said that the United States was ready to talk with Iran on the 23rd. Rubio reiterated that Iran can have a civilian nuclear program but cannot enrich uranium. Rubio said that Iran rejected the US proposal and disappeared for 10 days before the United States launched a military operation against it. Although Iran continued to send messages to its interlocutors, Iran did not even talk directly to the United States.
▌Iran Islamic Republic News Agency: Iran's parliament said it would not stop nuclear activities
According to the Islamic Republic News Agency, Iran's parliament said it would not stop nuclear activities.
Blockchain applications
▌Tether CEO: Predicts that local AI will replace traditional app stores on future devices
Tether CEO Paolo Ardoino recently published an article looking forward to the future development of technology, predicting that within 5 to 15 years, smart devices will no longer be pre-installed with applications or even cancel app stores, and instead use local private data storage and AI assistants to build user interfaces in real time. Ardoino said that in the future, devices will obtain additional data through peer-to-peer agents, AI assistants will negotiate communication protocols to improve efficiency, and most calculations will be completed locally on the device to reduce latency. He also revealed that QVAC is working to build an open operating system for this vision, which aims to allow users to customize functions in real time according to their needs without installing fixed applications.
▌Aave founder: V4 will increase Aave DAO revenue
Aave founder Stani.eth posted on the X platform that the Aave V4 version will increase Aave DAO revenue. Stani.eth added that RWA growth is very similar to DeFi growth in 2021. Now the total locked value of DeFi is about 148 billion, of which Aave dominates with a net deposit of about 42 billion.
▌Cross-border Payment Pass is officially launched, and the first business in China has landed in Shenzhen
Cross-border Payment Pass is officially launched, marking that the mainland and Hong Kong fast payment systems have been interconnected. In the future, residents of the two places can handle cross-border remittances in real time. The first cross-border payment pass in China for southbound remittances by mainland residents and northbound remittances by Hong Kong residents has landed in Shenzhen. Cross-border Payment Pass refers to connecting the mainland China fast payment system with the fast payment systems of other monetary authorities, formulating supporting policy arrangements, and providing efficient, convenient and secure cross-border payment services between mainland China residents and overseas residents. The fast payment system is a retail financial infrastructure for clearing and settling fast payments for users. Compared with traditional payment systems, it has the characteristics of long operation time and real-time payment of the beneficiary's funds. Residents of the two places only need to enter the phone number or the account name and the receiving account number in the "Cross-border Payment Pass" function module of mobile banking to make cross-border remittances. At the same time, they can flexibly choose the currency of the account to be RMB or Hong Kong dollar according to their needs.
Cryptocurrency
▌BlackRock currently holds 429,185 bitcoins, which is 3% more than the total supply of bitcoin
BlackRock officially updated the spot bitcoin ETF holdings information. As of June 18, BlackRock IBIT held 683,017.53 bitcoins, which is 3% more than the total supply of bitcoin. Its holdings are worth more than $71.619 billion.
▌Tether minted 1 billion USDT on the Tron network
According to Whale Alert monitoring, Tether Treasury minted 1 billion USDT on the Tron network. Tether CEO Paolo Ardoino said that this is an authorized but unissued transaction, which means that it will be used as inventory for the next issuance request and on-chain exchange.
▌cbBTC circulation supply reached 45,915 pieces, with a market value of nearly US$4.8 billion
Dune data shows that the circulation supply of Coinbase Wrapped BTC (cbBTC) launched by Coinbase reached 45,915 pieces, accounting for 60.7% on the Ethereum chain and 32.3% on the Base chain. The current market value of cbBTC is close to US$4.794 billion (US$4,794,396,176).
▌Total market value of cryptocurrency falls below $3.2 trillion
According to CoinGecko data, the total market value of cryptocurrency fell below $3.2 trillion, now at $3.16 trillion, a 24-hour drop of 6.2%. Among them, BTC has a market share of 62.6% and ETH has a market share of 8.37%.
▌Abraxas Capital's cumulative floating profit from shorting BTC, ETH and SOL exceeds $112 million
According to Lookonchain monitoring, Abraxas Capital's two wallets on Hyperliquid shorted BTC, ETH and SOL with 10x leverage as a hedge for spot positions, and the cumulative floating profit has now exceeded $112 million.
▌Michael Saylor releases Bitcoin Tracker information again, may disclose holdings data again
Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor released Bitcoin Tracker information again. And said nothing can stop this orange. According to previous rules, Strategy always discloses information on increasing Bitcoin holdings the day after the relevant news is released.
▌700 million USDT transferred from Aave to HTX
According to Whale Alert monitoring, 700 million USDT (700,509,250 US dollars) were transferred from Aave to HTX yesterday.
▌The number of ETH staked exceeds 35 million, a record high
According to Cointelegraph, the number of ETH staked in the Ethereum network has reached a record high, with more than 35 million ETH currently locked, accounting for more than 28.3% of its total supply. This growth reflects the market's continued confidence and participation in the Ethereum 2.0 upgrade and its staking mechanism.
Important Economic Dynamics
▌The probability of the Federal Reserve keeping interest rates unchanged in July is 89.7%
According to CME's "Fed Watch" data, the probability of the Federal Reserve keeping interest rates unchanged in July is 89.7%, and the probability of a 25 basis point rate cut is 10.3%.
Golden Encyclopedia
▌How does quantitative easing work and affect crypto?
Quantitative easing (QE) is an unconventional monetary policy tool used by central banks, especially when interest rates are already low and cannot be lowered further. It became popular during the 2008 global financial crisis, when traditional monetary tools such as lowering interest rates were not enough to stimulate economic growth. Quantitative easing not only affects traditional financial markets, but also cryptocurrency markets. When central banks inject more money into the economy, some of it flows into alternative assets such as Bitcoin and altcoins, pushing up their prices. With more money available for investment, the surge in liquidity typically pushes up all asset prices, including cryptocurrencies. In addition, during quantitative easing, fiat currencies may depreciate due to the increase in money supply, leading some investors to seek cryptocurrencies to hedge against the risk of inflation or currency depreciation. Bitcoin, in particular, is often seen as a store of value similar to gold. Cryptocurrencies may be affected when quantitative easing ends. When central banks end quantitative easing or start raising interest rates (tightening policy), liquidity decreases and borrowing costs rise. This can lead to a pullback in risky assets, including cryptocurrencies.
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