The Polkadot community approved the allocation of 10 million DOT and 100 thousand KSM to support the JAM protocol.

$DOT

Fed press conference:

Politico: You've said the Fed could cut interest rates more quickly if the employment situation worsens. So, do you think the unemployment rate will increase?

FED: We will compare the employment situation with our forecasts. This is an issue we are very concerned about and we will not wait until it is too late to act. We balance the risk of inflation rising again with the risk of unemployment rising.

#Fed #BTC $BTC

💫 While US dollar-backed stablecoins had a 90% market share in stablecoin transactions, the share of transactions using direct US dollars was 10%.

The usage share of Euro-backed stablecoins was 1.1%.

$BTC

Fed press conference:

Financial Times: How good does today's CPI inflation rate make the Fed feel, and what still worries the Fed?

FED: Today's CPI rate is very good. What we are still concerned about is that rents are still high. There was a big delay a few years ago because rental prices were rising rapidly. Now rent growth has slowed, but not everyone is signing new contracts, so the data will be delayed. When this happens, we will feel safer.

#Fed #BTC $BTC

Chain and Binance Labs announced the launch of BNB, (BIA), which aims to support and accelerate the growth of early-stage blockchain projects.

$BNB

🚨 SEC Chairman Gensler announced that he thinks the Ethereum ETF S-1 filings will be approved in the summer.

#ETH $ETH

Fed press conference:

CBS News: What does the Fed want to say to the American people? Economic indicators are good, but looking around, they don't look very optimistic.

FED: We do not interfere with people's emotions. They have their own feelings and it's none of the Fed's business. We share how we feel when we see economic indicators such as inflation rate and unemployment rate.

We continue to believe that we are on the right track. I know that high interest rates negatively affect their lives, but what's worse is that we do nothing and let inflation rise.

CBS News: You keep saying you don't know the future, I get it, but millions of people can't borrow money to buy a house because of high interest rates. What would you like to tell them? Give them some hope for when interest rates will drop.

FED: We do not have a specific time frame, we need to trust that inflation will decrease in the long term. When inflation stabilized, people's lives also stabilized and we were in that period for a long time, we will bring people back to that period.

#BTC #BTCFOMCWatch $BTC

🇺🇸US Unemployment Benefit Applications announced:

•Declared: 242K
•Expectation: 225K
•Previous: 229K

🇺🇸US Monthly Producer Price Index (PPI) announced:

•Disclosed: -0.2%
•Expectation: 0.1%
•Previous: 0.5%

#BTC $BTC

💫Toncoin (#TON) surpassed Ethereum (#ETH) in daily active addresses.

#Toncoin $ETH

🚨Reminder:

🇺🇲US Unemployment Benefit Applications will be announced today at 15:30.
•Expected: 225K •Previous: 229K

🇺🇸US Producer Price Index (PPI) will be announced today at 15:30.
•Expectation: 0.1% •Previous: 0.5%

Cryptocurrency market overview | 13 June

🟢 Market cap: $2.46 trillion (-0.26%)
🔴 BTC dominance: 54.22% (-0.01%)
⚡️ Fear and Greed Index: 70 (greed)

#BTC $BTC

🚨According to Arkham data, Curve founder Michael Egorov borrowed $95.7 million in stablecoins (mostly crvUSD) through five accounts across five protocols, secured by $141 million in #CRV.

•According to Parsec, $22.6 million worth of CRV collateral positions were liquidated in the morning hours. $ARKM

💫According to Kaiko data, the market share of the Turkish Lira (#TRY) in crypto volume reached an all-time high of 19% in June.

#BTC #altcoins $BTC $ETH

📊On June 12, spot Bitcoin ETFs recorded inflows of $101 million.

•BlackRock's Bitcoin ETF saw $15 million in inflows.

•Fidelity Bitcoin ETF experienced an inflow of $50 million.

•Grayscale Bitcoin ETF did not see any inflows/outflows.

#etf #BTCFOMCWatch #BTC $BTC

Fed press conference:

Washington Post: Would one rate cut this year or two rate cuts this year make any difference to the economy?

FED: I think when we look back 10 years from now, there will be no difference between cutting once and cutting twice. It is not important how much is deducted this year, but what the long-term interest rate is.

#Fed #BTCFOMCWatch #bitcoin #BTC $BTC

Fed press conference:

Bloomberg TV: The Fed said it only expected one rate cut, but the economic report didn't change much and inflation expectations haven't changed much from now until the end of the year. So why wait for interest rates to drop once? Do you have real estate and banking concerns?

FED: We think that at this interest rate the economy will slow down sooner or later. We all know that when we increase interest rates, one day the interest rates will decrease, and when the data is as expected, we will reduce the interest rates. No officials at the Fed think it is necessary to raise interest rates further.

The real estate situation is very complex, there is no cause for concern at the moment, although we think there will be more demand than supply. As for the banks, the situation is still good, they had some trouble last year but this year the banks are well capitalized.

#BTCFOMCWatch #Fed #BTC $BTC

🚨 President Joe Biden's campaign is in talks with crypto industry players to accept crypto donations via Coinbase Commerce. This could be a game-changer for political fundraising!

#BTC $BTC #JoeBiden #Crypto #PoliticalDonations 🚀💰

Fed press conference:

Reuters: Today the Fed said there was only one rate cut possible. Has the Fed concluded that the current situation is not enough for a rate cut and that there will be only one rate cut this year? So what makes the Fed confident it can cut interest rates further next year?

FED: We could not reach a conclusion today regarding the timing of the interest rate cut. We think today's CPI is very good, the economy is still good, and we wonder if interest rates and monetary policy are good right now, and the answer is that it's reasonable to keep interest rates unchanged.

We think current interest rates will continue to make the job market more balanced, and this will go hand in hand with inflation continuing to fall. No one can know the future, but we think this trend will continue next year.

#BTC #BTCFOMCWatch #Fed $BTC

Fed press conference:

New York Times: As expectations for the Fed's rate cut change, what should we think of this move? Is this because current interest rates are not high enough to continue to hold back inflation?

FED: It is true that expectations have changed, but I would like to emphasize that long-term forecasts are based on an uncertain future. I can only say that we believe that monetary policy and interest rates are now tight enough because there is a lot of evidence to show that.

#Fed #BTC #bitcoin $BTC

Bloomberg: The job market has cooled, what does the Fed think about the current employment situation?

FED: The labor market is returning to balance between supply and demand.

In terms of supply, the number of jobs is down, wages are up less, but the unemployment rate is still good.

Bloomberg: But in the latest report, the unemployment rate and the number of jobs are not in line with each other, what do you think?

FED: It is true that the indices do not agree, but we are looking at the sum of many months' data, not just one month's data. The bottom line for now is that the job market is still good.

#Fed #BTC #bitcoin $BTC