According to Decrypt, cryptocurrency broker FalconX is in preliminary contact with investment banking advisors and plans to submit an IPO application as early as 2025, taking advantage of the current trend of cryptocurrency companies going public. According to sources, FalconX has recently increased its acquisition efforts and established partnerships with Standard Chartered Bank, Cantor Fitzgerald, and others to expand its institutional services. The company was valued at $8 billion in 2022.
Odaily Planet Daily News: According to a research report by Zhongjin Research, the Federal Reserve's June meeting remains unchanged, which is in line with market expectations. Officials believe that policy uncertainty has decreased, but they have still lowered their growth forecasts and raised their inflation path judgments. The dot plot retains the judgment of two interest rate cuts within the year, but in details, the margin has become "eagle", indicating a cautious view within the Federal Reserve. Powell remains cautious about inflation risks and claims that no one has strong confidence in the interest rate path he has written down. We believe that the Federal Reserve has no intention of cutting interest rates in a hurry, and policymakers will not act rashly in the face of inflation when the economy allows for waiting. We maintain our previous view that the next rate cut by the Federal Reserve may be in the fourth quarter. (Golden Ten Data APP)
Odaily Planet Daily News: Organized crime groups in the UK are increasingly laundering money by purchasing coins, bars, or pellets to evade on chain traceability of cryptocurrencies. Some cases show drug traffickers converting tens of thousands of dollars in profits into gold for concealment. However, compliance agencies such as TRM Labs have pointed out that there is currently a lack of conclusive data indicating that gold money laundering is becoming a trend, and the relevant evidence is mostly scattered cases. In contrast, despite the fast and convenient cross-border flow of encrypted assets, their on chain behavior is still easier to track. （Decrypt）
Trump posted on his social media platform that the Senate has passed the GENIUS Act, which will drive large-scale investment and innovation in the field of digital assets in the United States. He called on the House of Representatives to quickly pass the "clean version" and submit it to the President for signature as soon as possible.
