According to Wu, the monetary policy dynamics of global central banks last week: the Bank of Australia and the Bank of England kept interest rates unchanged, and the Swiss National Bank cut interest rates as expected. The overall attitude of Fed officials in their speeches was conservative. Harker, a 2024 FOMC voter and chairman of the Philadelphia Fed, believes that a rate cut is appropriate. The Reserve Bank of Australia remains vigilant about the upward risk of inflation. Barkin, chairman of the Richmond Fed, said that interest rates can only be cut after the inflation path is further clarified. Fed Governor Kugler believes that it is appropriate to cut interest rates later this year. The Swiss National Bank cut interest rates by 25 basis points as expected, lowering the benchmark interest rate from 1.5% to 1.25%.
This week, we will focus on the core PCE inflation index, which is the most favored by the Federal Reserve, and the Federal Reserve's release of the annual bank stress test results. In particular, the Federal Reserve announced the annual bank stress test results on June 27, and the annual rate of the US core PCE price index in May on June 28.
According to PANews, Token Unlocks data shows that this week, tokens such as ALT, YGG, OP, and PRIME will see a one-time large-scale unlocking, with a total release value of over US$100 million.
● Bitcoin volatility hits record low, falling to 1.25%
According to TechFlow, data from Coinglass shows that the current volatility of Bitcoin has dropped to 1.25%, a record low. This data is calculated based on 30 days.
● The ETF Store President: Ethereum spot ETF may be launched next week
According to Odaily Planet Daily, Nate Geraci, president of The ETF Store, said that the approval of the Ethereum spot ETF six weeks ago was full of hope and it may be launched in the next week or so.
According to Odaily Planet Daily, Nate Geraci, president of The ETF Store, predicts that by this time next year, the asset management scale of cryptocurrency spot ETFs will exceed that of physical gold ETFs.
● Thailand may adopt Ripple's XRP, BRICS countries show interest
Cryptocurrency personality Armando Pantoja highlighted Ripple's continued expansion and noted Thailand's potential adoption of XRP, according to Odaily Planet Daily. Pantoja said that the BRICS countries all seem to be interested in XRP. He shared a copy of Ripple's letter to Thai authorities, noting that the Asian country is the latest country to negotiate with Ripple on the adoption of XRP.
Pantoja also highlighted Thailand’s recent application to join the BRICS and linked its potential connection with XRP to the BRICS. In addition, the letter highlighted Ripple’s recognition of the opportunity to comment on a discussion paper from the Bank of Thailand. Ripple noted that the document, titled “The Future Path for Retail Central Bank Digital Currency in Thailand,” represents an in-depth study and analysis of the subject of CBDC in Thailand.
