1. Binance launches ZKsync (ZK) and launches ZK token distribution plan

The ZKSync airdrop is open for claiming today, and Binance and South Korea's second largest crypto exchange Bithumb have launched ZK trading. Binance also stated that in view of the community's continued concerns about the distribution of ZK token airdrops, Binance has decided to distribute 10,500,000 ZK tokens to up to 52,500 Binance users who meet all conditions. ZK is currently quoted at $0.25, with a circulating market value of $923 million.

2. Federal Reserve officials: The time for rate cuts may be the end of the year

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said that "Bank of America's forecast that the Fed will cut interest rates once this year, but not until December, is a reasonable forecast. The Fed is now in a very favorable position to slowly obtain more inflation data, more economic data and labor market data before making any decisions. But if there is only one rate cut, which is the median forecast, then the time of the rate cut is likely to be at the end of the year.

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3. Arthur Hayes predicts: Aptos will surpass Solana

BitMEX founder Arthur Hayes predicted in a video interview (38:25) that in the L1 competition, Aptos will surpass Solana and become the second largest L1. This will be a one to three year process, and he will reveal more details in September this year. Arthur Hayes believes that the biggest risk in the next 2 to 3 years is that a major crypto custodian will be hacked and lose $50 billion to $100 billion in cryptocurrencies, which will be the end of the cycle.

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4. Last week, digital asset investment products saw a total outflow of $600 million

This is the largest outflow since March 22 this year, perhaps because the FOMC meeting was more hawkish than expected, prompting investors to reduce their exposure to fixed supply assets. Bitcoin outflows $621 million, short Bitcoin inflows $1.8 million; Ethereum, LIDO and XRP inflows $13 million, $2 million and $1 million respectively.

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5. LayerZero CEO releases four LayerZero token airdrop models

LayerZero CEO Bryan Pellegrino proposed four token airdrop models for community reference. Each model has different reward multipliers and eligibility criteria, depending on past transactions and post-snapshot activity. These models differ in the number of eligible addresses and the range of token distribution. In addition, a temporary Sybil list is published for community review, and Sybil secondary checks are performed based on feedback.

6. Wu said this week's macroeconomic indicators and analysis: interest rate decisions of central banks in many countries, speeches by Fed officials

Summary

Last week, the U.S. May inflation data CPI & PPI were lower than market expectations. The Fed continued to keep interest rates unchanged, but the median forecast for interest rates showed that only one rate cut is expected this year. This week, we will focus on the interest rate decision of the British and Swiss National Banks and the intensive speeches of Fed officials.

Last week review

●The U.S. unadjusted CPI annual rate in May was 3.3%, lower than the market expectation of 3.4%.

●The annual rate of PPI in the United States in May was 2.2%, in line with the expectation of 2.50%.

●The Federal Reserve continues to remain on hold and is expected to cut interest rates only once this year.

●China's CPI annual rate in May was 0.3, the expected value was 0.4%, and the previous value was 0.3%.

●The Bank of Japan maintained its policy rate target at 0 to 0.1%.

●The U.S. one-year inflation rate in June is expected to be 3.3%, the expected value is 3.20%, and the previous value is 3.30%.

●The preliminary value of the University of Michigan Consumer Confidence Index in June was 65.6, expected to be 72, and the previous value was 69.1.

This week's key events & indicators

June 18

●2026 FOMC voting member and Philadelphia Fed President Harker spoke on the economic outlook (01:00)

●The Reserve Bank of Australia announces its interest rate decision (12:30)

●2024 FOMC voting member and Richmond Fed President Barkin spoke on the U.S. economy and monetary policy (22:00)

June 19

●Federal Reserve Board Governor Kugler delivers a speech on economic outlook and monetary policy (01:00)

●2026 FOMC voting member and Dallas Fed President Logan participated in a Q&A session (01:00)

June 20

●Bank of Canada releases minutes of June monetary policy meeting (01:30)

● Swiss National Bank announces interest rate decision (15:30)

●British central bank interest rate decision until June 20 (19:00)

●Initial jobless claims in the U.S. for the week ending June 15 (10,000 people) (20:30)