BNB falls below the $650 mark

BlockBeats news, on June 17th, according to Alternative data, the cryptocurrency panic and greed index was 68 today (61 yesterday), and the market's "greed" sentiment has risen. Note: The threshold for the panic index is 0-100, including indicators such as volatility (25%)+market trading volume (25%)+social media popularity (15%)+market research (15%)+Bitcoin's proportion in the entire market (10%)+Google keyword analysis (10%).

ETH has declined, with a trading volume of 64.1 billion US dollars in the past 24 hours and a circulating market value of 316.4 billion US dollars, a decrease of 0.95% in market value proportion. Data for reference only

The mass suspension of Pump.fun and other memecoin-linked accounts has stirred speculation of regulatory heat and platform violations, just as the Solana-based launchpad gears up for a billion-dollar token sale.

Odaily Planet Daily News: Infini Innovation (@ 0xsexybana) posted on X platform stating: 1. Infini no longer offers to C card services. The reason is that compliance costs are extremely high, profits are extremely thin, and operations are extremely heavy. We have made a strategic adjustment and removed the business of the To C card part, which is easy to be ridiculed for being in the industry. At present, the To C Card business accounts for 99% of the time and cost, contributing zero revenue. 2. Financial management, normal deposit and withdrawal. Wealth management and asset management services have become the focus. The function of Wealth Management Yu'ebao remains stable at around 5% APR. 3. The current path of the crypto card is still to Offramp UT and UC, and then implement a stable payment path to Fiat through traditional payment networks. Too complicated and too long, the cost is too expensive. Without subsidies, it is difficult to match the rates and cashback of web2. And I have always said before that U-card is not the ultimate solution for web3 pay with stablecoin. It's a bit like Apple Nano was eventually replaced by iPhone. 4. The company hasn't changed, the team hasn't changed, the brand hasn't changed. Like Teacher Yishi, after a year of following the old path of U-card, I found that it's still not worth doing,. Thinking back to when I first started working on Infini in July last year, I learned a lot from Professor Yishi, and after a year, the conclusion was the same, which made me very emotional. 5. At present, Infini is a centralized product, and we will fully embrace decentralization in the future. Think about embracing decentralized payment solutions. We will definitely not follow the old path of centralization.

According to BlockBeats, on June 17th, the views of former Federal Reserve officials and employees on the US economy and the outlook for the Fed, collected by former Wall Street Journal economic reporter Jon Hilsenrath, showed that former Fed officials and employees expect unemployment and inflation rates to rise in the coming months, which may make the Fed's judgments on interest rate decisions more complex. Respondents stated that they expect the Federal Reserve to maintain its expectation of two 25 basis point rate cuts each within the year, although many former officials believe that only one or even no rate cut may be more appropriate. The release of the results of this survey coincides with the upcoming policy meeting of the Federal Reserve this week, when Fed officials will release economic forecasts. This will be the first time the Fed has released an economic forecast since Trump announced widespread import tariffs. The federal budget bill currently being pushed through Congress may also become one of the important considerations for the Federal Reserve's decision this week.