On Tuesday, Nvidia took the title of "world's largest market value" for the first time, rising more than 3% during the session, with a total market value of $3.33 trillion, surpassing Microsoft's $3.32 trillion. The company's stock price has soared 173% this year. The 618 pie is still on sale.

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The U.S. Supreme Court has agreed to consider making it more difficult for shareholders to file securities fraud lawsuits by hearing a case about Nvidia's cryptocurrency mining revenue. In addition, Nvidia's stock price hit a record high, and its total market value surpassed Apple, once again ranking second in the world by market value. The Financial Stability Board (FSB) said that in emerging markets and developing economies (EMDEs), crypto assets pose special challenges to monetary policy and capital flow management. Members discussed the challenges posed by the relatively high adoption rate and risks of global stablecoin arrangements in EMDEs, and the Financial Stability Board will further work to consider how to address these challenges. The FSB has been one of the main makers of global crypto policy. David Hirsch, head of the Crypto Assets and Networks Division of the U.S. Securities and Exchange Commission (SEC), announced his resignation after nine years in office. CoinShares Weekly Report shows that the total outflow of digital asset investment products last week reached US$600 million, the largest outflow since March 22, 2024, which may be due to the tougher-than-expected stance of the FOMC meeting, prompting investors to reduce their exposure to fixed supply assets. Australia's first spot BTC ETF has increased its holdings by 48 BTC since its launch. Glassnode data shows that since October 2023, miners' balances have decreased by about 30,000 BTC, currently at 1.8 million BTC. Glassnode data shows that currently, the Coinbase platform and Coinbase custody entities hold about 270,000 and 569,000 BTC, respectively. Regulatory documents show that Nvidia CEO Huang Renxun cashed out $31.2 million through a series of transactions and sold 240,000 shares of holdings on June 13-14. Bitfinex said that on-chain indicators show that the real selling pressure does not come from ETF investors, but from long-term holders, whales and miners.

Hodler's net position change indicator, which measures whale holdings, has been negative for the past nine days. Bn CEO Richard Teng said that BTC is expected to exceed $80,000 by the end of this year. He believes that 2025 will be better for the entire cryptocurrency industry than 2024 because the overall macroeconomic situation will be better and interest rates may be lowered later this year, which will lead to an increase in cryptocurrency prices in 2025. Linda Yaccarino, CEO of X (formerly Twitter), said that the platform is about to launch payment functions for users and continue to move towards becoming an "everything app". On Tuesday, Nvidia took the position of "the world's largest market value" for the first time, rising more than 3% during the session, with a total market value of $3.33 trillion, surpassing Microsoft's $3.32 trillion. Due to the strong market demand for Nvidia's chips for artificial intelligence computing, the company's stock price has soared 173% this year. In the currency market, 618 is still on sale, and the big cake fell below $65,000, a drop of 2.5%, and BTC's market share is 52.3%. The Nasdaq opened flat, while the S&P 500 rose slightly by 0.2%. According to a JPMorgan Chase research report, the total market value of 14 U.S.-listed miners hit a record high of $22.8 billion on June 15. In the first two weeks of June, almost all companies outperformed BTC, with CORZ performing best, up 117%, while BTC fell 3% over the same period. 10x Research believes that last week, especially the altcoin price fell sharply, and the market was unable to digest the huge token unlocking of a series of projects, totaling $483 million, which led to an overall market decline and dragged down BTC prices. BTC miners sold their inventory, and the ETH balance on exchanges increased significantly by $2.5 billion. So far in the first half of the year, BlackRock and Fidelity have increased their holdings by a total of 477,121 BTC, worth $31.4 billion.

Currently, the probability of the Fed keeping interest rates unchanged by September is 39%, the probability of cumulative rate cuts of 25 basis points is 55.7%, and the probability of cumulative rate cuts of 50 basis points is 5.3%. Economist Mohamed El-Erian said that the first rate cut allows the market to price the entire rate cut cycle more confidently. The Fed needs to cut rates as soon as possible. Given the inflation dynamics, delaying the first rate cut increases the possibility that the Fed will eventually need to cut rates more significantly to minimize the risk of recession. The opposite of the Fed's monetary policy mistakes in 2021-22, when the Fed incorrectly described inflation as "transitory" and delayed monetary policy response, and later had to raise interest rates aggressively by more than 500 basis points, including four consecutive 75 basis point rate hikes. Goldman Sachs sticks to the Fed's expectations of two rate cuts this year (September and December), believing that the US labor market is at an inflection point and the recent economic slowdown is likely to continue. Goldman Sachs said that "stock markets tend to rebound higher after the election." Citigroup raised its year-end target for the S&P 500 from 5,100 to 5,600, becoming the third Wall Street firm to raise its forecast for the benchmark index since last Friday, after Goldman Sachs (expected 5,600) and Evercore ISI (expected 6,000). The currency market often makes people despair, and it has made people despair countless times, and the old leeks have a deep understanding of it. The last time I felt hopeless in the currency market was in early January, when the big cake fell 20%. Going back to September last year, and countless times before that. Looking back at the K-line, the high point of the big cake on the eve of 618 in 2023 was 31,000, and the low point was 24,800, a drop of 20%. The big cake on 618 in 2022 and 2021 was also bleak, and the autumn and winter usually performed well. Historical performance is one of the factors that the old man is not interested in the summer currency market (another factor is that the increase in the early part of this year was too high, and it broke the high point of 69,000 to 73,000 in March, running too fast), just get through it. Countless bull and bear lessons have led to the old man's strong tolerance for big cakes. The copycats are different. The copycat old man is also numb. People come and go, and the big cakes are always big cakes, and the copycats that follow them rotate and alternate. It has been verified that after each despair, the floating chips and contract longs are washed away, and the market will regain vitality again and start a new high. #美联储何时降息？ #BTC走势分析 #AirdropGuide