Federal Reserve Chairman Kevin Walsh: Employment data is moving in a positive direction

Arthur Hayes stated that the scale of the AI driven credit crisis may exceed that of the 2008 financial crisis, and the government's response measures will inject a large amount of liquidity and drive funds into the cryptocurrency market. （Cointelegraph）

According to CCTV News, on June 18th, Iranian Foreign Ministry spokesperson Bagai stated that if Israel continues to occupy Lebanon, it will be considered a violation of the memorandum of understanding, and Iran will take necessary measures. Bagae said that the United States and Iran have reached an agreement to negotiate a final agreement within the next 60 days, and the United States must end the maritime blockade within 30 days. Regarding the Strait of Hormuz, it has been agreed to restore normal maritime traffic within a specific period of time. Iran will be fully responsible for implementation and will cooperate with Oman to develop management mechanisms, and exchange views with other countries in the region if necessary.

According to CCTV News, on June 18, President Trump of the United States said that he had discussed a number of issues including the Russia-Ukraine conflict with G7 members and partner countries in the past two days, and had communicated with President Putin of Russia and President Zelensky of Ukraine respectively. At the same time, he informed the leaders of all countries about the call with Putin. President Trump reiterated his hope to promote the end of the Russia-Ukraine conflict.

Following State Street, Fidelity is targeting reserve assets that underpin the expanding stablecoin market.

Illinois Governor JB Pritzker signed the Digital Asset Tax Act on Tuesday, imposing a 0.2% tax on digital asset transactions or services provided to customers in Illinois based on transaction value. The bill will take effect on January 1, 2027. This tax is aimed at encryption service providers, requiring them to collect and pay taxes on their behalf. Crypto Council for Innovation、Digital Chamber、Illinois Blockchain Association Industry organizations oppose the bill.