● The Federal Reserve raised its benchmark interest rate by 25 basis points

The Federal Reserve raised the benchmark interest rate by 25 basis points to a range of 4.75%-5.00%. The Federal Reserve's interest rate decision (upper limit) is 5%, expected to be 5.00%, and the previous value is 4.75%. The Federal Reserve's interest rate decision (lower limit) is 4.75%, expected to be 4.75%, and the previous value is 4.50%. (Jinshi)

● Powell: There will be no interest rate cuts this year; credit tightening can replace interest rate hikes

Fed Chairman Powell said the plan supports stronger regulation and regulation. Participants believe that there will be no interest rate cuts this year, and a rate cut this year is not the basic expectation. Regulators have noticed the risks and intervened. Policy must be tight enough to reduce inflation, and some of the tightening may come from credit conditions. Tighter credit conditions can replace rate hikes. (Jinshi)

● US SEC accuses Justin Sun of illegal securities sales, fraud and market manipulation

According to U.S. court documents, the U.S. Securities and Exchange Commission (SEC) has formally sued Sun Yuchen, the founder of Tron and a member of Huobi's global advisory board, for allegedly illegally selling securities, fraud, and manipulating the market. (CoinDesk)

● Telegram supports users to send USDT in chat

Telegram users can now send USDT to each other in chats. USDT has been added to Telegram's @wallet bot. (CoinDesk)

● Circle: The Twitter account of Circle’s chief strategy officer was hacked. Any quote link is a scam.

Circle said on Twitter that the Circle Chief Strategy Officer Twitter account (@ddisparte) has been taken over by a scammer. Any offer link is a scam. We are investigating this situation and taking appropriate action.