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US Senator Cynthia Lummis has suggested that the United States may soon begin purchasing 1 million Bitcoin, stating that President Trump has signed an executive order supporting the establishment of a strategic BTC reserve. (The Bitcoin Historian)

In the commodity currency pairs, the Australian dollar against the US dollar was largely unchanged, showing a V-shaped trend on the day the Reserve Bank of Australia announced no change; the New Zealand dollar rose 0.26% against the US dollar; the US dollar against the Canadian dollar was largely unchanged, with an overall M-shaped trend. The Swedish krona rose 0.44% against the US dollar, the Norwegian krone rose 0.65% against the US dollar, and the Danish krone rose 0.18% against the US dollar. The Polish zloty rose 0.44% against the US dollar, while the US dollar fell 0.54% against the Hungarian forint. The Indian rupee closed down 0.16% against the US dollar, the Turkish lira was largely unchanged against the US dollar, the South African rand rose 0.11% against the US dollar, the Mexican peso rose 0.04% against the US dollar, and the Brazilian real fell 0.53% against the US dollar.

Golden Ten Data reported on June 17 that Jiang Lei, General Manager of Zhejiang Xinqiaoyuan International Logistics Co., Ltd., stated that since May, the China-US shipping routes have been fully booked, with tight space across all lines in East and South China, frequent container rollovers, and June slots have basically been booked out, marking an overall return to the peak season’s tight market conditions. At the end of April, the freight rate for a 40-foot container from Ningbo to ports on the US West Coast was about $2,900, and about $3,900 to ports on the US East Coast. After several rounds of price increases, the freight rate for the US West Coast route is now close to $6,300, and the US East Coast route is close to $7,500. Industry insiders explained that on the demand side, US inventories are low, creating a need for restocking. On the supply side, more than 300,000 TEU of shipping capacity is stuck in the Persian Gulf due to the Middle East situation; meanwhile, the delayed reopening of the Red Sea means cargo ships still need to take detours, lowering turnover rates and effectively reducing supply, while slower vessel speeds also affect overall shipping capacity, further intensifying the supply-demand imbalance.