News

On June 15, Leslie Falconio, head of taxable fixed income strategy at UBS Global Wealth Management, stated that following the announcement of the US-Iran agreement, oil prices have fallen, leading to a strengthening of the US Treasury market and a reduction in the pressure on the Federal Reserve to raise interest rates this year. Falconio noted, 'Even before the ceasefire agreement was reached, oil prices had already begun to decline, and the yield on two-year US Treasuries was still rising because the market was pricing in nearly a 100% probability of a rate hike in December at that time.' She added, 'Now the situation is that oil prices are falling, and the market is gradually retracting those rate hike expectations. As a result, the yield on two-year US Treasuries has started to decline.' The newly appointed Fed Chair, Jerome Powell, will preside over his first rate decision this week. Against the backdrop of soaring crude oil prices reigniting inflationary pressures, voices within the FOMC supporting a rate hike this year have been increasing. Falconio anticipates that the FOMC will formally abandon its dovish stance at this week's meeting, making the policy outlook more hawkish. However, she still believes that the Fed's next move will be a rate cut, expected to occur in 2027.

BlockBeats News, June 15th - A hardware wallet manufacturer Trezor executive stated that the market's trend towards fully pushing Bitcoin into ETFs may pose a long-term risk to the core principles of the crypto industry. According to the company's Chief Business Officer Danny Sanders' views during the BTC Prague event, the current global crypto user base is approximately 600 million, but only about 10% of users choose self-custody of assets, with hardware wallet users numbering only around 12 to 13 million. With the U.S. physically-backed Bitcoin ETF attracting over $53 billion in cumulative inflows since its launch in 2024, Bitcoin's institutionalized allocation has significantly increased. However, Sanders pointed out that this trend may also weaken the behavior of users holding their keys directly. He believes that self-custody is one of the core attributes of the Bitcoin system, but there are still significant challenges in terms of user experience and security barriers. More users still prefer to participate in the market through exchanges or custodial tools like ETFs. Sanders emphasized that the industry should focus on improving the usability and security of self-custody, rather than simply accepting the path of "putting Bitcoin into an ETF." He stated that if the long-term evolution leads to an ETF-dominated holding structure, it will weaken the foundational logic of Bitcoin as a decentralized asset, which could be the industry's "least desirable outcome."

ChainCatcher news, cross-chain interoperability protocol Hyperbridge announced the completion of a comprehensive architecture reboot. After completing security audits, bug bounty incentives, and system restructuring, it has relaunched and officially transformed into a "hyperstructure for interoperability." The protocol had suspended operations following a security incident on April 13, during which it underwent joint audits with organizations such as SRLabs and paid more than $150,000 in bug bounty rewards to security researchers. The team stated that this upgrade removes the original centralized management keys, shifting to a fully permissionless network of validators and provers, achieving full-stack decentralized operation.