Daily Report | The Federal Reserve maintains the interest rate at 4.25% - 4.50%; JD.com expects to obtain a license and launch JD stablecoin in early fourth quarter of this year
June 19 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- The Federal Reserve continues to keep interest rates unchanged, maintaining at 4.25% - 4.50%
- Upbit will launch RAY KRW and USDT trading pairs
- China Internet Finance Association issues virtual currency safety tips: Beware of "air coins" schemes, pyramid schemes, and platform schemes
- JD.com: Expects to obtain a license in early Q4 this year and simultaneously launch JD stablecoin
- Zhao Changpeng: Every platform should have a "will function"
- Binance Alpha will launch Redbrick (BRIC) on June 21
- OKX will launch SAHARA spot trading
- Fetch.ai will initiate a $50 million FET token buyback plan
- People's Court Daily: Virtual currencies have corresponding property attributes; if involved in refunds, explore converting to fiat through compliant licensed trading platforms
- Binance Alpha will launch Matchain (MAT); users with at least 243 Alpha points in the first phase can claim 16 MAT tokens
- Binance Wallet will launch an exclusive TGE event for LOT tokens on June 20
"What important events happened in the past 24 hours"
The Federal Reserve continues to keep interest rates unchanged, maintaining at 4.25% - 4.50%
According to Jin10, the Federal Reserve has kept the benchmark interest rate unchanged at 4.25% - 4.50% for the fourth consecutive meeting, in line with market expectations. The Fed's dot plot indicates that two rate cuts are expected in 2025. (The March expectation was for two cuts)
Upbit will launch RAY KRW and USDT trading pairs
According to the official announcement, Upbit will launch RAY KRW and USDT trading pairs.
The China Internet Finance Association, under the People's Bank of China, officially issued a reminder to beware of pyramid schemes related to virtual currencies (new coin issuance only goes up, excessive member benefits, purchasing coins grants membership, hierarchical development of members), "air coins" schemes (decentralized blockchain innovation projects, XX coin skyrocketing after listing, new projects giving away XX coins upon subscription, recommendations from certain big names for XX coins), and platform schemes (free virtual currency giveaways upon registration, massive platform trading, quick withdrawals). These projects often operate under the guise of "decentralized blockchain innovation projects" to carry out pyramid scheme fraud and other illegal activities.
JD.com: Expects to obtain a license in early Q4 this year and simultaneously launch JD stablecoin
According to The Paper, JD.com responded to reporters regarding the topic of "planning to launch a stablecoin as early as Q4 this year," stating, "The related statement is accurate, but the earlier time point has a clear premise: the specific timetable depends on regulation. We expect to obtain a license in early Q4 this year and simultaneously launch JD stablecoin. The JD stablecoin will be issued on a public chain, and at that time, anyone can publicly check the issuance volume and other data."
Zhao Changpeng: Every platform should have a "will function"
Binance founder Zhao Changpeng (CZ) recently stated on social media, "Humans cannot achieve immortality; every platform should have a 'will function' to allow users' assets to be distributed to designated accounts in specified proportions after their death."
He advocates that the regulatory framework should allow minors to have accounts for receiving funds. Regarding the emergency contact and inheritance function launched by Binance on June 12, Zhao Changpeng stated that this is a function that "all platform users will eventually need" and pointed out that self-custody wallets require more complex settings for estate planning.
Binance Alpha will launch Redbrick (BRIC) on June 21
Binance announced that its platform Binance Alpha will launch Redbrick (BRIC) on June 21, with the specific trading start time to be announced. Eligible users need to use Binance Alpha Points to claim airdrop rewards on the Alpha Events page.
This airdrop event is divided into two phases: Phase 1, users meeting the Alpha Points threshold X can claim the airdrop within a specified time; Phase 2, the threshold will be lowered to Y (Y less than X), and users can claim on a first-come, first-served basis until the airdrop pool is distributed or the event ends.
OKX will launch SAHARA spot trading
OKX will open SAHARA/USDT spot trading on June 26, 2025, with deposit time set for June 19 at 4:00 PM (UTC+8).
Fetch.ai will initiate a $50 million FET token buyback plan
Fetch.ai CEO and founder Humayun Sheikh announced that due to the increased use of ASI1 and agent platforms, the platform's usability has significantly improved.
He stated that the current FET token is undervalued and announced that the Fetch Foundation will initiate a total of $50 million FET token buyback plan across multiple exchanges, with support from market makers.
People's Court Daily published an article signed by Zhao Liang from the Intermediate People's Court of Shenzhen, Guangdong Province, titled "Disposal of Virtual Currency Involved in Criminal Cases: Challenges, Innovations, and Judicial Responsibility," which points out that virtual currencies have corresponding property attributes, and there is a basic consensus in judicial practice.
For those needing to refund victims' losses or confiscate, to balance the demand for disposing of virtual currencies involved in cases with mainland regulatory policies, it can be explored to entrust qualified third-party institutions under the record and supervision of the People's Bank of China and foreign exchange management departments, to convert virtual currencies into fiat currency at market prices through compliant licensed trading platforms in legally recognized jurisdictions for virtual currency trading abroad, such as Hong Kong, after cashing out abroad, and handle according to the provisions of the State Administration of Foreign Exchange regarding "opening foreign exchange accounts and handling foreign exchange receipts and payments in foreign-related judicial activities." For virtual currencies used in crimes that pose a threat to national security and public interest, such as privacy coins, they can be sent to "black hole addresses" for destruction, permanently exiting circulation.
According to the official announcement, Binance Alpha is the first platform to launch Matchain (MAT), with trading starting on June 19, 2025, at 19:59 (UTC+8).
Eligible Binance users can use Binance Alpha points to claim 16 MAT token airdrops on the Alpha events page within 24 hours after trading begins.
The Binance Alpha airdrop will be distributed in two phases:
Phase 1 (first 18 hours): Users holding at least 243 Alpha points can claim.
Phase 2 (next 6 hours): Users with scores above 210 can participate in the second phase airdrop, on a first-come, first-served basis, with each person receiving 16 tokens until the airdrop pool is exhausted or the event ends.
Please note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha events page within 24 hours, or it will be considered a forfeiture of the airdrop.
Binance Wallet will launch an exclusive TGE event for LOT tokens on June 20
According to the official announcement, Binance Wallet will launch an exclusive LOT TGE event on June 20.
Subscription time: June 20, 2025, from 4 PM to 6 PM (UTC+8)
Subscription eligibility: Eligible users must use Binance Alpha points to participate.
An additional 40,000,000 LOT will be used for future events, with specific details to be announced later.
"What are the exciting articles worth reading in the past 24 hours"
Pan Gongsheng's keynote speech at the 2025 Lujiazui Forum: Thoughts on Global Financial Governance
People's Bank of China Governor Pan Gongsheng delivered a speech titled "Thoughts on Global Financial Governance" at the 2025 Lujiazui Forum, proposing four thoughts on global financial governance: promoting the multipolarization of the international monetary system and SDR reform, accelerating the diversified development of cross-border payment systems, strengthening global financial stability and regulatory coordination, and advancing the governance reform of international financial organizations to enhance the representation of emerging markets.
100,000 people left, those who lost money in Binance Alpha
Will you continue to grind for points?
Cobo Market Observation | JD's stablecoin ambition is not just cross-border payments
"JD's international business does not follow the cross-border e-commerce route but focuses on local e-commerce, local infrastructure, local employees, local procurement, and local shipping, selling only branded products."
When Cathie Wood "sells out," retail investors FOMO: Why did Circle surge over $200 overnight?
Circle rises with compliance advantages and innovative business models, with stock prices soaring, becoming a core driver of digital dollars.
Financially troubled, targeting crypto companies? Can "X hegemony" resist?
ElizaOS was extorted, Kaito pays $2 million monthly… with no way out but to comply.
Circle successfully listed on the US stock market, with its stock price soaring, significantly increasing market attention on crypto concept stocks. Meanwhile, benefiting from the continuous optimization of the US regulatory environment and favorable policies, the crypto industry is welcoming a wave of rush to Wall Street, with more and more crypto institutions actively planning to enter the US capital market.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of June 19, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: VISION, NURA, ZEUS, ZEUS, TAIKI
The top five popular Solana tokens in the past 24 hours are: GOR, Ribbitx, STROKE, 🤡, BUBB
The top five popular Base tokens in the past 24 hours are: AERO, SKIRATZ, VIRTUAL, SATO, WTF?
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