News

ChainCatcher reports, citing PR Newswire, that instant payment platform Interchecks has completed a $50 million Series C funding round. Investors include Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners. The company has also launched an Account Funding Transactions (AFT) product based on debit cards, enabling real-time compliant account funding via debit card networks. The solution integrates risk control features such as account verification, real-time duplicate card detection, customizable limits, and suspicious activity monitoring. AFT is integrated with the previous Pay-by-Bank solution within a single API, targeting scenarios such as account-to-account transfers, neobanks, online brokers, and crypto wallet deposits. Interchecks states that it has processed more than $50 billion in transactions over its ten-year history and has been profitable since 2023.

BlockBeats news, on June 16, leveraged product researcher degentrading stated that ahead of the US Federal Reserve FOMC meeting, the current position is suitable for reducing holdings — this short-term weakness is to be expected. After all, the market experienced a large-scale short squeeze rally yesterday, and as FOMC hedging positions are established, some degree of market weakness is normal. From a longer-term perspective, this current pullback in US stocks may be the last opportunity to increase exposure before the market faces the “uncertain hurdle of FOMC”; afterwards, the market is expected to continue moving higher, climbing over this “wall of worry.” Due to the shorter trading week and the convergence of FOMC and options expiry (OPX), market volatility is expected to increase significantly. Note: On Thursday at 2:00, the US Federal Reserve FOMC will announce its interest rate decision and Summary of Economic Projections; at 2:30, Federal Reserve Chair Powell will hold a monetary policy press conference. On Friday (June 19), the New York Stock Exchange will be closed for a day in observance of Juneteenth.

The French stock index provisionally closed up 0.73%. The Italian stock index provisionally closed up 1.06%, continuing to set a record closing high. The banking index rose 2.92% to a new record closing high. The UK stock index provisionally closed up 0.61%.